Company: NOC
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0001133421-25-000053
Chunk: 78

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-10-21
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 available for borrowing under the 2025 Credit Agreement. At September 30, 2025, there were no borrowings outstanding under this facility.The 2025 Credit Agreement contains generally customary terms and conditions, including covenants restricting the company’s ability to sell all or substantially all of its assets, merge or consolidate with another entity or undertake other fundamental changes and incur liens. The company also cannot permit the ratio of its debt to capitalization (as set forth in the credit agreement) to exceed 65 percent.At September 30, 2025, the company was in compliance with all covenants under its credit agreements.

8.    RETIREMENT BENEFITS

The cost to the company of its pension and other postretirement benefit (OPB) plans is shown in the following table: Three Months Ended September 30Nine Months Ended September 30PensionBenefitsOPBPensionBenefitsOPB$ in millions20252024202520242025202420252024Components of net periodic benefit cost (benefit)Service cost$55 $60 $1 $1 $163 $179 $3 $3 Interest cost404 381 16 15 1,209 1,144 47 46 Expected return on plan assets(540)(549)(22)(21)(1,619)(1,647)(64)(64)Amortization of prior service credit— — (1)— — — (2)— Other— — — — 7 — — — Net periodic benefit cost (benefit)$(81)$(108)$(6)$(5)$(240)$(324)$(16)$(15)Employer ContributionsThe company sponsors defined benefit pension and OPB plans, as well as defined contribution plans. We fund our defined benefit pension plans annually in a manner consistent with the Employee Retirement Income Security Act of 1974, as amended by the Pension Protection Act of 2006.Contributions made by the company to its retirement plans are as follows: Three Months Ended September 30Nine Months Ended September 30$ in millions2025202420252024Defined benefit pension plans$25 $17 $67 $66 OPB plans7 7 27 27 Defined contribution plans133 136 517 517 

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