NORTHROP GRUMMAN CORP DE
For the period ended Dec 31, 2024. Filed Jan 30, 2025.
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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.
FY2024 · Filed Jan 30, 2025
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 Earnings and Comprehensive Income
| $ in millions, except per share amounts | 2024 | 2023 | 2022 |
|---|---|---|---|
| Sales | |||
| Product | $32,726 | $30,897 | $28,522 |
| Service | 8,307 | 8,393 | 8,080 |
| Total sales | 41,033 | 39,290 | 36,602 |
| Operating costs and expenses | |||
| Product | 26,188 | 26,226 | 22,761 |
| Service | 6,483 | 6,513 | 6,367 |
| General and administrative expenses | 3,992 | 4,014 | 3,873 |
| Total operating costs and expenses | 36,663 | 36,753 | 33,001 |
| Operating income | 4,370 | 2,537 | 3,601 |
| Other (expense) income | |||
| Interest expense | (621) | (545) | (506) |
| Non-operating FAS pension benefit | 656 | 530 | 1,505 |
| Mark-to-market pension and OPB benefit (expense) | 443 | (422) | 1,232 |
| Other, net | 168 | 246 | 4 |
| Earnings before income taxes | 5,016 | 2,346 | 5,836 |
| Federal and foreign income tax expense | 842 | 290 | 940 |
| Net earnings | $4,174 | $2,056 | $4,896 |
| Basic earnings per share | $28.39 | $13.57 | $31.61 |
| Weighted-average common shares outstanding, in millions | 147.0 | 151.5 | 154.9 |
| Diluted earnings per share | $28.34 | $13.53 | $31.47 |
| Weighted-average diluted shares outstanding, in millions | 147.3 | 152.0 | 155.6 |
| Net earnings (from above) | $4,174 | $2,056 | $4,896 |
| Other comprehensive (loss) income, net of tax | |||
| Change in cumulative translation adjustment | (2) | 23 | (16) |
| Change in other, net | (22) | 2 | 6 |
| Other comprehensive (loss) income, net of tax | (24) | 25 | (10) |
| Comprehensive income | $4,150 | $2,081 | $4,886 |
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