Company: NOC
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001133421-25-000049
Chunk: 28

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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Table of ContentsNORTHROP GRUMMAN CORPORATION                        

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 June 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 June 30Six Months Ended June 30PensionBenefitsOPBPensionBenefitsOPB$ in millions20252024202520242025202420252024Components of net periodic benefit cost (benefit)Service cost$54 $59 $1 $1 $108 $119 $2 $2 Interest cost402 382 15 16 805 763 31 31 Expected return on plan assets(539)(549)(21)(22)(1,079)(1,098)(42)(43)Amortization of prior service credit— — — — — — (1)— Other— — — — 7 — — — Net periodic benefit cost (benefit)$(83)$(108)$(5)$(5)$(159)$(216)$(10)$(10)Employer ContributionsThe company sponsors defined benefit pension and OPB plans, as well as defined contribution plans. We fund our defined benefit pension plans annually in a manner consistent with the Employee Retirement Income Security Act of 1974, as amended by the Pension Protection Act of 2006.Contributions made by the company to its retirement plans are as follows: Three Months Ended June 30Six Months Ended June 30$ in millions2025202420252024Defined benefit pension plans$24 $24 $42 $49 OPB plans10 9 20 20 Defined contribution plans155 151 384 381 

9.    STOCK COMPENSATION PLANS AND OTHER COMPENSATION ARRANGEMENTS

Stock AwardsThe following table presents the number of restricted stock rights (RSRs) and restricted performance stock rights (RPSRs) granted to employees under the company’s long-term incentive stock plan and the grant date aggregate fair value of those stock awards for the periods presented:Six Months Ended June