NORTHROP GRUMMAN CORP DE
For the period ended Dec 31, 2024. Filed Jan 30, 2025.
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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 Financial Position
| $ in millions, except par value | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $4,353 | $3,109 |
| Accounts receivable, net | 1,272 | 1,454 |
| Unbilled receivables, net | 5,908 | 5,693 |
| Inventoried costs, net | 1,455 | 1,109 |
| Prepaid expenses and other current assets | 1,286 | 2,341 |
| Total current assets | 14,274 | 13,706 |
| Property, plant and equipment, net of accumulated depreciation of $8,733 for 2024 and $7,964 for 2023 | 10,536 | 9,653 |
| Operating lease right-of-use assets | 1,770 | 1,818 |
| Goodwill | 17,512 | 17,517 |
| Intangible assets, net | 254 | 305 |
| Deferred tax assets | 1,599 | 1,020 |
| Pension and other postretirement benefit plan assets | 2,184 | 1,331 |
| Other non-current assets | 1,230 | 1,194 |
| Total assets | $49,359 | $46,544 |
| Liabilities | ||
| Trade accounts payable | $2,599 | $2,110 |
| Accrued employee compensation | 2,271 | 2,251 |
| Advance payments and billings in excess of costs incurred | 4,070 | 4,193 |
| Other current liabilities | 5,188 | 3,388 |
| Total current liabilities | 14,128 | 11,942 |
| Long-term debt, net of current portion of $1,582 for 2024 and $70 for 2023 | 14,692 | 13,786 |
| Pension and other postretirement benefit plan liabilities | 1,120 | 1,290 |
| Operating lease liabilities | 1,798 | 1,892 |
| Other non-current liabilities | 2,331 | 2,839 |
| Total liabilities | 34,069 | 31,749 |
| Commitments and contingencies (Note 11) | ||
| 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: 2024—144,952,026 and 2023—150,109,271 | 145 | 150 |
| Paid-in capital | — | — |
| Retained earnings | 15,297 | 14,773 |
| Accumulated other comprehensive loss | (152) | (128) |
| Total shareholders’ equity | 15,290 | 14,795 |
| Total liabilities and shareholders’ equity | $49,359 | $46,544 |
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