NORTHROP GRUMMAN CORP DE
For the period ended Dec 31, 2023. Filed Jan 25, 2024.
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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.
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Consolidated Statements of Financial Position
| $ in millions, except par value | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $3,109 | $2,577 |
| Accounts receivable, net | 1,454 | 1,511 |
| Unbilled receivables, net | 5,693 | 5,983 |
| Inventoried costs, net | 1,109 | 978 |
| Prepaid expenses and other current assets | 2,341 | 1,439 |
| Total current assets | 13,706 | 12,488 |
| Property, plant and equipment, net of accumulated depreciation of $7,964 for 2023 and $7,258 for 2022 | 9,653 | 8,800 |
| Operating lease right-of-use assets | 1,818 | 1,811 |
| Goodwill | 17,517 | 17,516 |
| Intangible assets, net | 305 | 384 |
| Deferred tax assets | 1,020 | 162 |
| Other non-current assets | 2,525 | 2,594 |
| Total assets | $46,544 | $43,755 |
| Liabilities | ||
| Trade accounts payable | $2,110 | $2,587 |
| Accrued employee compensation | 2,251 | 2,057 |
| Advance payments and billings in excess of costs incurred | 4,193 | 3,609 |
| Other current liabilities | 3,388 | 3,334 |
| Total current liabilities | 11,942 | 11,587 |
| Long-term debt, net of current portion of $70 for 2023 and $1,072 for 2022 | 13,786 | 11,805 |
| Pension and other postretirement benefit plan liabilities | 1,290 | 1,188 |
| Operating lease liabilities | 1,892 | 1,824 |
| Other non-current liabilities | 2,839 | 2,039 |
| Total liabilities | 31,749 | 28,443 |
| Commitments and contingencies (Note 12) | ||
| Shareholders’ equity | ||
| Preferred 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: 2023—150,109,271 and 2022—153,157,924 | 150 | 153 |
| Paid-in capital | — | — |
| Retained earnings | 14,773 | 15,312 |
| Accumulated other comprehensive loss | (128) | (153) |
| Total shareholders’ equity | 14,795 | 15,312 |
| Total liabilities and shareholders’ equity | $46,544 | $43,755 |
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