Company: NOC
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0001133421-25-000053
Chunk: 11

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-10-21
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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1,036 $2,784 $2,902 

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 FINANCIAL POSITION 

(Unaudited)

$ in millions, except par valueSeptember 30, 2025December 31, 2024AssetsCash and cash equivalents$1,957 $4,353 Accounts receivable, net1,983 1,272 Unbilled receivables, net7,030 5,908 Inventoried costs, net1,615 1,455 Prepaid expenses and other current assets1,520 1,286 Total current assets14,105 14,274 Property, plant and equipment, net of accumulated depreciation of $9,430 for 2025 and $8,733 for 202410,542 10,536 Operating lease right-of-use assets1,783 1,770 Goodwill17,436 17,512 Intangible assets, net220 254 Deferred tax assets1,255 1,599 Pension and other postretirement benefit plan assets2,501 2,184 Other non-current assets1,458 1,230 Total assets$49,300 $49,359 LiabilitiesTrade accounts payable$2,797 $2,599 Accrued employee compensation1,946 2,271 Advance payments and billings in excess of costs incurred3,562 4,070 Other current liabilities4,413 5,188 Total current liabilities12,718 14,128 Long-term debt, net of current portion of $533 for 2025 and $1,582 for 202415,162 14,692 Pension and other postretirement benefit plan liabilities1,100 1,120 Operating lease liabilities1,796 1,798 Other non-current liabilities2,536 2,331 Total liabilities33,312 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—142,790