NORTHROP GRUMMAN CORP DE

For the period ended Dec 31, 2023. Filed Jan 25, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Jan 25, 2024

NOC$548.61+1.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Earnings and Comprehensive Income

$ in millions, except per share amounts	2023	2022	2021
Sales
Product	$30,897	$28,522	$27,868
Service	8,393	8,080	7,799
Total sales	39,290	36,602	35,667
Operating costs and expenses
Product	26,226	22,761	22,309
Service	6,513	6,367	6,090
General and administrative expenses	4,014	3,873	3,597
Total operating costs and expenses	36,753	33,001	31,996
Gain on sale of business	—	—	1,980
Operating income	2,537	3,601	5,651
Other (expense) income
Interest expense	(545)	(506)	(556)
Non-operating FAS pension benefit	530	1,505	1,469
Mark-to-market pension and OPB (expense) benefit	(422)	1,232	2,355
Other, net	246	4	19
Earnings before income taxes	2,346	5,836	8,938
Federal and foreign income tax expense	290	940	1,933
Net earnings	$2,056	$4,896	$7,005
Basic earnings per share	$13.57	$31.61	$43.70
Weighted-average common shares outstanding, in millions	151.5	154.9	160.3
Diluted earnings per share	$13.53	$31.47	$43.54
Weighted-average diluted shares outstanding, in millions	152.0	155.6	160.9
Net earnings (from above)	$2,056	$4,896	$7,005
Other comprehensive income (loss), net of tax
Change in cumulative translation adjustment	23	(16)	(7)
Change in other, net	2	6	(8)
Other comprehensive income (loss), net of tax	25	(10)	(15)
Comprehensive income	$2,081	$4,886	$6,990

-51-

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.