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

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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Item 1.    Financial Statements

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (Unaudited)

 Three Months Ended June 30Six Months Ended June 30$ in millions, except per share amounts2025202420252024SalesProduct$8,258 $8,076 $15,779 $16,178 Service2,093 2,142 4,040 4,173 Total sales10,351 10,218 19,819 20,351 Operating costs and expensesProduct6,526 6,388 12,892 12,799 Service1,615 1,639 3,137 3,228 General and administrative expenses1,016 1,101 2,023 2,163 Total operating costs and expenses9,157 9,128 18,052 18,190 Gain on sale of business231 — 231 — Operating income1,425 1,090 1,998 2,161 Other (expense) incomeInterest expense(173)(154)(329)(300)Non-operating FAS pension benefit137 167 267 335 Other, net38 43 69 81 Earnings before income taxes1,427 1,146 2,005 2,277 Federal and foreign income tax expense253 206 350 393 Net earnings$1,174 $940 $1,655 $1,884 Basic earnings per share$8.17 $6.37 $11.48 $12.72 Weighted-average common shares outstanding, in millions143.7 147.5 144.2 148.1 Diluted earnings per share$8.15 $6.36 $11.45 $12.69 Weighted-average diluted shares outstanding, in millions144.0 147.7 144.5 148.5 Net earnings (from above)$1,174 $940 $1,655 $1,884 Other comprehensive income (loss), net of taxChange in cumulative translation adjustment7 (1)9 — Change in other, net11 (2)19 (18)Other comprehensive income (loss), net of tax18 (3)28 (18)Comprehensive income$1,192