HUNTINGTON INGALLS INDUSTRIES, INC.
For the period ended Jun 30, 2026. Filed Jul 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 30, 2026
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Stockholders' Equity
- STOCKHOLDERS' EQUITY
Treasury Stock - In January 2024, the Company's board of directors authorized an increase in the Company's stock repurchase program from $3.2 billion to $3.8 billion and an extension of the term of the program to December 31, 2028. Repurchases are made from time to time at management's discretion in accordance with applicable federal securities laws. For each of the six months ended June 30, 2026 and 2025, the Company did not repurchase any shares. The cost of purchased shares is recorded as treasury stock in the unaudited condensed consolidated statements of financial position.
Dividends - The Company paid cash dividends totaling $109 million and $106 million forthe six months ended June 30, 2026 and 2025, respectively.
Accumulated Other Comprehensive Loss- Other comprehensive income (loss) refers to gains and losses recorded as an element of stockholders' equity but excluded from net earnings. The accumulated other comprehensive loss was comprised of unamortized benefit plan costs of $50 million and $53 million as of June 30, 2026, and December 31, 2025, respectively.
The changes in accumulated other comprehensive loss by component for the three and six months ended June 30, 2026 and 2025, were as follows:
| ($ in millions) | Benefit Plans | Total |
|---|---|---|
| Balance as of March 31, 2025 | $(27) | $(27) |
| Amounts reclassified from accumulated other comprehensive loss | ||
| Amortization of prior service cost⁽¹⁾ | 4 | 4 |
| Amortization of net actuarial gain⁽¹⁾ | (3) | (3) |
| Net current period other comprehensive income | 1 | 1 |
| Balance as of June 30, 2025 | $(26) | $(26) |
| Balance as of March 31, 2026 | $(52) | $(52) |
| Amounts reclassified from accumulated other comprehensive loss | ||
| Amortization of prior service cost⁽¹⁾ | 4 | 4 |
| Amortization of net actuarial gain⁽¹⁾ | (2) | (2) |
| Net current period other comprehensive income | 2 | 2 |
| Balance as of June 30, 2026 | $(50) | $(50) |
| ($ in millions) | Benefit Plans | Total |
|---|---|---|
| Balance as of December 31, 2024 | $(28) | $(28) |
| Amounts reclassified from accumulated other comprehensive loss | ||
| Amortization of prior service cost⁽¹⁾ | 8 | 8 |
| Amortization of net actuarial gain⁽¹⁾ | (6) | (6) |
| Net current period other comprehensive income | 2 | 2 |
| Balance as of June 30, 2025 | $(26) | $(26) |
| Balance as of December 31, 2025 | $(53) | $(53) |
| Amounts reclassified from accumulated other comprehensive loss | ||
| Amortization of prior service cost⁽¹⁾ | 8 | 8 |
| Amortization of net actuarial gain⁽¹⁾ | (4) | (4) |
| Tax expense for items of other comprehensive income | (1) | (1) |
| Net current period other comprehensive income | 3 | 3 |
| Balance as of June 30, 2026 | $(50) | $(50) |
(1) These accumulated comprehensive loss components are included in the computation of net periodic benefit cost. See Note 11: Employee Pension and Other Postretirement Benefits. The tax expense recorded in stockholders' equity for the amounts reclassified from accumulated other comprehensive loss for each of the three months ended June 30, 2026 and 2025 was less than $1 million. The tax expense recorded in stockholders' equity for the amounts reclassified from accumulated other comprehensive loss for the six months ended June 30, 2026 and 2025 was $1 million and less than $1 million, respectively.
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