NORTHROP GRUMMAN CORP /DE/
For the period ended Dec 31, 2025. Filed Jan 27, 2026.
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FY2025 · Filed Jan 27, 2026
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 | 2025 | 2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $4,403 | $4,353 |
| Accounts receivable, net | 1,375 | 1,272 |
| Unbilled receivables, net | 6,544 | 5,908 |
| Inventoried costs, net | 1,309 | 1,455 |
| Prepaid expenses and other current assets | 1,656 | 1,286 |
| Total current assets | 15,287 | 14,274 |
| Property, plant and equipment, net of accumulated depreciation of $9,648 for 2025 and $8,733 for 2024 | 10,972 | 10,536 |
| Operating lease right-of-use assets | 1,859 | 1,770 |
| Goodwill | 17,437 | 17,512 |
| Deferred tax assets | 1,051 | 1,599 |
| Pension and other postretirement benefit plan assets | 3,167 | 2,184 |
| Other non-current assets | 1,604 | 1,484 |
| Total assets | $51,377 | $49,359 |
| Liabilities | ||
| Trade accounts payable | $3,240 | $2,599 |
| Accrued employee compensation | 2,309 | 2,271 |
| Advance payments and billings in excess of costs incurred | 4,086 | 4,070 |
| Other current liabilities | 4,247 | 5,188 |
| Total current liabilities | 13,882 | 14,128 |
| Long-term debt, net of current portion of $534 for 2025 and $1,582 for 2024 | 15,162 | 14,692 |
| Pension and other postretirement benefit plan liabilities | 1,110 | 1,120 |
| Operating lease liabilities | 1,857 | 1,798 |
| Other non-current liabilities | 2,692 | 2,331 |
| Total liabilities | 34,703 | 34,069 |
| 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: 2025—141,997,194 and 2024—144,952,026 | 142 | 145 |
| Paid-in capital | — | — |
| Retained earnings | 16,658 | 15,297 |
| Accumulated other comprehensive loss | (126) | (152) |
| Total shareholders’ equity | 16,674 | 15,290 |
| Total liabilities and shareholders’ equity | $51,377 | $49,359 |
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