NORTHROP GRUMMAN CORP /DE/
For the period ended Dec 31, 2025. Filed Jan 27, 2026.
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FY2025 · Filed Jan 27, 2026
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3. Accounts Receivable, Net
- ACCOUNTS RECEIVABLE, NET
Accounts receivable, net represent amounts billed and due from customers. Substantially all accounts receivable at December 31, 2025 are expected to be collected in 2026. The company does not believe it has significant exposure to credit risk as the majority of our accounts receivable are due from the U.S. government either as the ultimate customer or in connection with foreign military sales.
Accounts receivable, net consisted of the following:
| $ in millions | 2025 | 2024 |
|---|---|---|
| Due from U.S. government (1) | $1,018 | $951 |
| Due from international and other customers | 362 | 326 |
| Accounts receivable, gross | 1,380 | 1,277 |
| Allowance for expected credit losses | (5) | (5) |
| Accounts receivable, net | $1,375 | $1,272 |
(1)Includes receivables due from the U.S. government associated with foreign military sales, which are contracted with and paid by the U.S. government.
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