Company: NOC
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001133421-25-000023
Chunk: 13

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 10,536 Operating lease right-of-use assets1,826 1,770 Goodwill17,434 17,512 Intangible assets, net242 254 Deferred tax assets1,633 1,599 Pension and other postretirement benefit plan assets2,285 2,184 Other non-current assets1,259 1,230 Total assets$48,468 $49,359 LiabilitiesTrade accounts payable$2,501 $2,599 Accrued employee compensation1,598 2,271 Advance payments and billings in excess of costs incurred3,710 4,070 Other current liabilities6,160 5,188 Total current liabilities13,969 14,128 Long-term debt, net of current portion of $605 for 2025 and $1,582 for 202414,167 14,692 Pension and other postretirement benefit plan liabilities1,115 1,120 Operating lease liabilities1,854 1,798 Other non-current liabilities2,379 2,331 Total liabilities33,484 34,069 Commitments and contingencies (Note 7)Shareholders’ equityPreferred stock, $1 par value; 10,000,000 shares authorized; no shares issued and outstanding— — Common stock, $1 par value; 800,000,000 shares authorized; issued and outstanding: 2025—144,071,022 and 2024—144,952,026144 145 Paid-in capital— — Retained earnings14,982 15,297 Accumulated other comprehensive loss(142)(152)Total shareholders’ equity14,984 15,290 Total liabilities and shareholders’ equity$48,468 $49,359 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of ContentsNORTHROP GRUMMAN CORPORATION                        

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 Three Months Ended March 31$ in millions20252024Operating activitiesNet earnings$481 $944 Adjustments to reconcile to net cash used in operating activities:Depreciation and amortization337 299 Stock-based compensation20 20 Deferred income taxes(34)(103)B-21 loss provision477 — Net periodic pension and OPB income