v3.25.2
Condensed Consolidated Statements Of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sales and service revenues        
Sales and service revenues $ 3,082 $ 2,977 $ 5,816 $ 5,782
Cost of sales and service revenues        
Income (loss) from operating investments, net 8 11 21 23
Other income and gains (losses), net 1 1 1  
General and administrative expenses 241 255 487 487
Operating income (loss) 163 189 324 343
Other income (expense)        
Interest expense (28) (24) (56) (45)
Non-operating retirement benefit 47 46 95 90
Other, net 6 5 12 12
Earnings (loss) before income taxes 188 216 375 400
Federal and foreign income tax expense (benefit) 36 43 74 74
Net earnings (loss) $ 152 $ 173 $ 301 $ 326
Basic earnings (loss) per share (in dollars per share) $ 3.86 $ 4.38 $ 7.66 $ 8.25
Weighted-average common shares outstanding (in shares) 39.4 39.5 39.3 39.5
Diluted earnings (loss) per share $ 3.86 $ 4.38 $ 7.66 $ 8.25
Weighted-average diluted shares outstanding (in shares) 39.4 39.5 39.3 39.5
Dividends declared per share $ 1.35 $ 1.30 $ 2.70 $ 2.60
Other comprehensive income (loss)        
Change in unamortized benefit plan costs $ 1 $ 4 $ 2 $ 9
Tax benefit (expense) for items of other comprehensive income       (2)
Other comprehensive income (loss), net of tax 1 4 2 7
Comprehensive income (loss) 153 177 303 333
Product [Member]        
Sales and service revenues        
Sales and service revenues 1,957 1,926 3,670 3,713
Cost of sales and service revenues        
Cost of sales and service revenues 1,696 1,627 3,147 3,164
Service [Member]        
Sales and service revenues        
Sales and service revenues 1,125 1,051 2,146 2,069
Cost of sales and service revenues        
Cost of sales and service revenues $ 991 $ 918 $ 1,880 $ 1,811