10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-17-139189 |
| Period End Date | 20170331 |
| Filing Date | 20170426 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | lmt-20170326.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in USD per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Common stock, par value (in USD per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.22B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.09B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.84B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.45B | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$8.20B | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$8.87B | USD | Point-in-time |
| Inventories, net |
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
|
$5.07B | USD | Point-in-time |
| Inventories, net |
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
|
$4.67B | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$399.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$427.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$16.59B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$15.11B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.48B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.55B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$10.76B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$10.77B | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$4.09B | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$4.02B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$6.62B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$6.49B | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$5.49B | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$5.67B | USD | Point-in-time |
| Total assets |
Assets
|
$48.84B | USD | Point-in-time |
| Total assets |
Assets
|
$47.81B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.72B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.65B | USD | Point-in-time |
| Customer advances and amounts in excess of costs incurred |
CustomerAdvancesCurrent
|
$6.78B | USD | Point-in-time |
| Customer advances and amounts in excess of costs incurred |
CustomerAdvancesCurrent
|
$6.57B | USD | Point-in-time |
| Salaries, benefits and payroll taxes |
EmployeeRelatedLiabilitiesCurrent
|
$1.76B | USD | Point-in-time |
| Salaries, benefits and payroll taxes |
EmployeeRelatedLiabilitiesCurrent
|
$1.65B | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$2.35B | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$2.66B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$13.60B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$12.54B | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$14.28B | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$14.28B | USD | Point-in-time |
| Accrued pension liabilities |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$13.91B | USD | Point-in-time |
| Accrued pension liabilities |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$13.86B | USD | Point-in-time |
| Other postretirement benefit liabilities |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$862.00M | USD | Point-in-time |
| Other postretirement benefit liabilities |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$861.00M | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$4.66B | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$4.61B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$46.20B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$47.25B | USD | Point-in-time |
| Common stock, $1 par value per share |
CommonStockValue
|
$289.00M | USD | Point-in-time |
| Common stock, $1 par value per share |
CommonStockValue
|
$288.00M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
- | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$13.09B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$13.32B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-11.89B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-12.10B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.48B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.51B | USD | Point-in-time |
| Noncontrolling interests in subsidiary |
MinorityInterest
|
$102.00M | USD | Point-in-time |
| Noncontrolling interests in subsidiary |
MinorityInterest
|
$95.00M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.10B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.58B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.61B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.18B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$48.84B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$47.81B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Products |
SalesRevenueGoodsNet
|
$9.51B | USD | 1 Quarter |
| Products |
SalesRevenueGoodsNet
|
$8.75B | USD | 1 Quarter |
| Services |
SalesRevenueServicesNet
|
$1.62B | USD | 1 Quarter |
| Services |
SalesRevenueServicesNet
|
$1.54B | USD | 1 Quarter |
| Total net sales |
SalesRevenueNet
|
$11.06B | USD | 1 Quarter |
| Total net sales |
SalesRevenueNet
|
$10.37B | USD | 1 Quarter |
| Products |
CostOfGoodsSold
|
$8.69B | USD | 1 Quarter |
| Products |
CostOfGoodsSold
|
$7.89B | USD | 1 Quarter |
| Services |
CostOfServices
|
$1.38B | USD | 1 Quarter |
| Services |
CostOfServices
|
$1.44B | USD | 1 Quarter |
| Severance charges |
SeveranceCosts1
|
$80.00M | USD | 1 Quarter |
| Other unallocated, net |
OtherUnallocatedNet
|
$-131.00M | USD | 1 Quarter |
| Other unallocated, net |
OtherUnallocatedNet
|
$-159.00M | USD | 1 Quarter |
| Total cost of sales |
CostOfGoodsAndServicesSold
|
$9.90B | USD | 1 Quarter |
| Total cost of sales |
CostOfGoodsAndServicesSold
|
$9.27B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$1.15B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$1.09B | USD | 1 Quarter |
| Other (expense) income, net |
OtherOperatingIncomeExpenseNet
|
$63.00M | USD | 1 Quarter |
| Other (expense) income, net |
OtherOperatingIncomeExpenseNet
|
$-4.00M | USD | 1 Quarter |
| Operating profit |
OperatingIncomeLoss
|
$1.16B | USD | 1 Quarter |
| Operating profit |
OperatingIncomeLoss
|
$1.15B | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$155.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$165.00M | USD | 1 Quarter |
| Other non-operating income, net |
OtherNonoperatingIncomeExpense
|
$1.00M | USD | 1 Quarter |
| Other non-operating income, net |
OtherNonoperatingIncomeExpense
|
$1.00M | USD | 1 Quarter |
| Earnings from continuing operations before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$995.00M | USD | 1 Quarter |
| Earnings from continuing operations before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$994.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$232.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$188.00M | USD | 1 Quarter |
| Net earnings from continuing operations |
IncomeLossFromContinuingOperations
|
$806.00M | USD | 1 Quarter |
| Net earnings from continuing operations |
IncomeLossFromContinuingOperations
|
$763.00M | USD | 1 Quarter |
| Net earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$92.00M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$898.00M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$763.00M | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerBasicShare
|
$2.63 | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerBasicShare
|
$2.65 | USD | 1 Quarter |
| Discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
$0.30 | USD | 1 Quarter |
| Basic earnings per common share |
EarningsPerShareBasic
|
$2.95 | USD | 1 Quarter |
| Basic earnings per common share |
EarningsPerShareBasic
|
$2.63 | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$2.61 | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$2.61 | USD | 1 Quarter |
| Discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
$0.30 | USD | 1 Quarter |
| Diluted earnings per common share |
EarningsPerShareDiluted
|
$2.61 | USD | 1 Quarter |
| Diluted earnings per common share |
EarningsPerShareDiluted
|
$2.91 | USD | 1 Quarter |
| Cash dividends paid per common share |
CommonStockDividendsPerShareCashPaid
|
$1.65 | USD | 1 Quarter |
| Cash dividends paid per common share |
CommonStockDividendsPerShareCashPaid
|
$1.82 | USD | 1 Quarter |
Cash Flow Statement
49 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$898.00M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$763.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortizationIncludingDiscontinuedOperations
|
$285.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortizationIncludingDiscontinuedOperations
|
$296.00M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$44.00M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$44.00M | USD | 1 Quarter |
| Severance charges |
SeveranceCharges
|
$99.00M | USD | 1 Quarter |
| Receivables, net |
IncreaseDecreaseInReceivables
|
$558.00M | USD | 1 Quarter |
| Receivables, net |
IncreaseDecreaseInReceivables
|
$667.00M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$404.00M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$310.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$751.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.11B | USD | 1 Quarter |
| Customer advances and amounts in excess of costs incurred |
IncreaseDecreaseInCustomerAdvances
|
$-204.00M | USD | 1 Quarter |
| Customer advances and amounts in excess of costs incurred |
IncreaseDecreaseInCustomerAdvances
|
$-146.00M | USD | 1 Quarter |
| Postretirement benefit plans |
IncreaseDecreaseInPensionAndPostretirementObligations
|
$246.00M | USD | 1 Quarter |
| Postretirement benefit plans |
IncreaseDecreaseInPensionAndPostretirementObligations
|
$345.00M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$225.00M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$175.00M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-218.00M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-122.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.67B | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.67B | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$170.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$151.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-4.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-4.00M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-166.00M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-147.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$500.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$501.00M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$533.00M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$544.00M | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$28.00M | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$31.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-108.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-152.00M | USD | 1 Quarter |
| Net cash used for financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.16B | USD | 1 Quarter |
| Net cash used for financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.12B | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$379.00M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$362.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.22B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.09B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.84B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.45B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.22B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.09B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.84B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.45B | USD | Point-in-time |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.10B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.58B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.61B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.18B | USD | Point-in-time |
| Net earnings |
NetIncomeLoss
|
$898.00M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$763.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$210.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$190.00M | USD | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$500.00M | USD | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$501.00M | USD | 1 Quarter |
| Dividends declared |
DividendsCash
|
$531.00M | USD | 1 Quarter |
| Dividends declared |
DividendsCash
|
$512.00M | USD | 1 Quarter |
| Stock-based awards and ESOP activity |
StockBasedAwardsAndESOPActivity
|
$30.00M | USD | 1 Quarter |
| Stock-based awards and ESOP activity |
StockBasedAwardsAndESOPActivity
|
$5.00M | USD | 1 Quarter |
| Increase in noncontrolling interests in subsidiary |
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
$7.00M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.10B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.58B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.61B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.18B | USD | Point-in-time |
Comprehensive Income
11 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$898.00M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$763.00M | USD | 1 Quarter |
| Amounts reclassified from other comprehensive loss |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
$202.00M | USD | 1 Quarter |
| Amounts reclassified from other comprehensive loss |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
$173.00M | USD | 1 Quarter |
| Other comprehensive gain recognized during the period |
OtherComprehensiveIncomePostretirementBenefitPlansUnrecognizedAmountsNetOfTax
|
$3.00M | USD | 1 Quarter |
| Other, net |
OtherComprehensiveIncomeOtherNetOfTax
|
$5.00M | USD | 1 Quarter |
| Other, net |
OtherComprehensiveIncomeOtherNetOfTax
|
$17.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$210.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$190.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$1.09B | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$973.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.