Company: NOC
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001133421-25-000049
Chunk: 13

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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$3,272 

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 CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)

 Three Months Ended June 30Six Months Ended June 30$ in millions, except per share amounts2025202420252024Common stockBeginning of period$144 $148 $145 $150 Common stock repurchased(1)(2)(2)(4)End of period143 146 143 146 Paid-in capitalBeginning of period— — — — End of period— — — — Retained earningsBeginning of period14,982 14,218 15,297 14,773 Common stock repurchased(391)(577)(872)(1,763)Net earnings1,174 940 1,655 1,884 Dividends declared(332)(304)(631)(583)Stock compensation19 24 3 (10)End of period15,452 14,301 15,452 14,301 Accumulated other comprehensive lossBeginning of period(142)(143)(152)(128)Other comprehensive income (loss), net of tax18 (3)28 (18)End of period(124)(146)(124)(146)Total shareholders’ equity$15,471 $14,301 $15,471 $14,301 Cash dividends declared per share$2.31 $2.06 $4.37 $3.93 

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

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Table of ContentsNORTHROP GRUMMAN CORPORATION                        

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

1.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESPrinciples of Consolidation and ReportingThese unaudited condensed consolidated financial statements (the “financial statements”) include the accounts of Northrop Grumman Corporation and its subsidiaries and joint ventures or other investments for which we consolidate the financial results (herein referred to as “Northrop Grumman,” the “company,” “we,” “us,” or “our”). Intercompany accounts, transactions and profits are eliminated in consolidation. Investments in