$DRS
Leonardo DRS, Inc.

2021 Q4 Form 10-Q Financial Statement

#000162828021023021 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $31.76M $720.0M $719.0M
YoY Change 36.43% 0.14% 6285.44%
Cost Of Revenue $18.70M $589.0M $597.0M
YoY Change 30.77% -1.34% 8226.36%
Gross Profit $13.06M $131.0M $122.0M
YoY Change 45.43% 7.38% 2882.89%
Gross Profit Margin 41.12% 18.19% 16.97%
Selling, General & Admin $4.510M $4.480M $3.520M
YoY Change 19.0% 27.27% 30.37%
% of Gross Profit 34.53% 3.42% 2.89%
Research & Development $2.540M $2.490M $2.230M
YoY Change 6.72% 11.66% 18.62%
% of Gross Profit 19.45% 1.9% 1.83%
Depreciation & Amortization $13.00M $11.00M
YoY Change 18.18%
% of Gross Profit 9.92% 9.02%
Operating Expenses $7.040M $6.960M $5.750M
YoY Change 14.1% 21.04% 25.55%
Operating Profit $6.020M $53.00M $37.00M
YoY Change 114.23% 43.24% -7651.02%
Interest Expense -$300.0K $9.000M $17.00M
YoY Change 114.29% -47.06% -9047.37%
% of Operating Profit -4.98% 16.98% 45.95%
Other Income/Expense, Net -$1.000M -$1.000M
YoY Change 0.0%
Pretax Income $5.710M $43.00M $19.00M
YoY Change 116.29% 126.32% -2853.62%
Income Tax $890.0K $8.000M $4.000M
% Of Pretax Income 15.59% 18.6% 21.05%
Net Earnings $4.820M $35.00M $15.00M
YoY Change 82.58% 133.33% -2273.91%
Net Earnings / Revenue 15.18% 4.86% 2.09%
Basic Earnings Per Share $0.24 $0.10
Diluted Earnings Per Share $0.09 $0.24 $0.10
COMMON SHARES
Basic Shares Outstanding 145.0M shares 145.0M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.70M $86.60M $24.20M
YoY Change 116.8% 257.85% 44.91%
Cash & Equivalents $240.0M $78.00M $98.00M
Short-Term Investments
Other Short-Term Assets $22.00M $18.00M $600.0K
YoY Change -33.33% 2900.0% 50.0%
Inventory $205.0M $215.0M $29.30M
Prepaid Expenses $23.00M $30.00M
Receivables $156.0M $96.00M $21.80M
Other Receivables $1.900M $2.300M $2.400M
Total Short-Term Assets $1.389B $1.225B $78.20M
YoY Change 9.98% 1466.5% 59.27%
LONG-TERM ASSETS
Property, Plant & Equipment $31.20M $29.00M $20.60M
YoY Change 27.35% 40.78% 139.53%
Goodwill $1.071B $1.071B
YoY Change 1.32%
Intangibles
YoY Change
Long-Term Investments $3.000M $3.000M
YoY Change
Other Assets $137.0M $126.0M
YoY Change 2.24%
Total Long-Term Assets $1.680B $1.661B $20.80M
YoY Change -0.77% 7885.58% 141.86%
TOTAL ASSETS
Total Short-Term Assets $1.389B $1.225B $78.20M
Total Long-Term Assets $1.680B $1.661B $20.80M
Total Assets $3.069B $2.886B $99.00M
YoY Change 3.82% 2815.15% 71.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $479.0M $285.0M $19.90M
YoY Change 0.21% 1332.16% 74.56%
Accrued Expenses $2.300M $2.300M $1.700M
YoY Change 21.05% 35.29% 88.89%
Deferred Revenue $174.0M $160.0M
YoY Change -1.69%
Short-Term Debt $15.00M $24.00M $500.0K
YoY Change -44.44% 4700.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $989.0M $832.0M $23.00M
YoY Change 1.44% 3517.39% 57.53%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $74.00M $83.00M $7.000M
YoY Change -19.57% 1085.71% 288.89%
Total Long-Term Liabilities $487.0M $524.0M $7.000M
YoY Change -12.09% 7385.71% 288.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $989.0M $832.0M $23.00M
Total Long-Term Liabilities $487.0M $524.0M $7.000M
Total Liabilities $1.476B $1.356B $30.00M
YoY Change -3.47% 4420.0% 84.05%
SHAREHOLDERS EQUITY
Retained Earnings -$2.983B -$3.041B
YoY Change -4.91%
Common Stock $1.000M $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.593B $1.530B $1.068B
YoY Change
Total Liabilities & Shareholders Equity $3.069B $2.886B $99.00M
YoY Change 3.82% 2815.15% 71.58%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $4.820M $35.00M $15.00M
YoY Change 82.58% 133.33% -2273.91%
Depreciation, Depletion And Amortization $13.00M $11.00M
YoY Change 18.18%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
59000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-32000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
32000000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-8000000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
11000000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-15000000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-2000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-19000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1000000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-12000000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-2000000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-7000000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-1000000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-18000000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
14000000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-193000000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-176000000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-17000000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-6000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-111000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-230000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
42000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
14000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2000000 USD
drs Repayment Of Origination Of Notes Receivable From Related Parties
RepaymentOfOriginationOfNotesReceivableFromRelatedParties
115000000 USD
drs Repayment Of Origination Of Notes Receivable From Related Parties
RepaymentOfOriginationOfNotesReceivableFromRelatedParties
100000000 USD
drs Payment To Acquire Cost Method Investments
PaymentToAcquireCostMethodInvestments
1000000 USD
drs Payment To Acquire Cost Method Investments
PaymentToAcquireCostMethodInvestments
3000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
58000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
62000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-4000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-6000000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
725000000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
737000000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
800000000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
924000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
70000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
181000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
12000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86000000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98000000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1019000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
49000000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1068000000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1427000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
103000000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1530000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant of these estimates and assumptions relate to the recognition of contract revenues and estimated costs to complete contracts in process, recoverability of reported amounts of goodwill, long-lived assets and intangible assets, valuation of pensions and other postretirement benefits, the valuation of deferred tax assets and liabilities and the valuation of unrecognized tax benefits. Actual results could differ from these estimates.
CY2020 us-gaap Number Of Reporting Units
NumberOfReportingUnits
7 reportingUnit
us-gaap Number Of Reporting Units
NumberOfReportingUnits
7 reportingUnit
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1450000
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
100 shares
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
145000000 shares
CY2021Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
788000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
672000000 USD
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
160000000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
177000000 USD
CY2021Q3 drs Contract With Customer Asset Liability Current
ContractWithCustomerAssetLiabilityCurrent
628000000 USD
CY2020Q4 drs Contract With Customer Asset Liability Current
ContractWithCustomerAssetLiabilityCurrent
495000000 USD
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
100000000 USD
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
19000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
101000000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3152000000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.28
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P3M
CY2021Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
98000000 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
104000000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2000000 USD
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
96000000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
102000000 USD
CY2021Q3 us-gaap Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
24000000 USD
CY2020Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
27000000 USD
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
48000000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
52000000 USD
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
166000000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
193000000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1000000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2000000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
215000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
247000000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
783000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
756000000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
427000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
401000000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
356000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
355000000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
13000000 USD
us-gaap Depreciation
Depreciation
37000000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
11000000 USD
us-gaap Depreciation
Depreciation
33000000 USD
CY2021Q3 drs Salaries Wages And Accrued Bonuses Current
SalariesWagesAndAccruedBonusesCurrent
66000000 USD
CY2020Q4 drs Salaries Wages And Accrued Bonuses Current
SalariesWagesAndAccruedBonusesCurrent
61000000 USD
CY2021Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
14000000 USD
CY2021Q3 us-gaap Accrued Employee Benefits Current
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69000000 USD
CY2020Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
71000000 USD
CY2021Q3 us-gaap Litigation Reserve Current
LitigationReserveCurrent
10000000 USD
CY2020Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
10000000 USD
CY2021Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
2000000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1000000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
44000000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22000000 USD
CY2021Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
59000000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
58000000 USD
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
263000000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
267000000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
69000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
81000000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
11000000 USD
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
83000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
92000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1057000000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
14000000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
1071000000 USD
CY2021Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
118000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
965000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
911000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
54000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
964000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
904000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
60000000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7000000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
153000000 USD
CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
13000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11000000 USD
CY2021Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
105000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
142000000 USD
CY2021Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
51000000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
55000000 USD
CY2021Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
54000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
87000000 USD
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
12000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
14000000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
160000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
163000000 USD
CY2021Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
24000000 USD
CY2020Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
27000000 USD
CY2021Q3 drs Debt And Capital Lease Obligations Gross
DebtAndCapitalLeaseObligationsGross
496000000 USD
CY2020Q4 drs Debt And Capital Lease Obligations Gross
DebtAndCapitalLeaseObligationsGross
427000000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
0 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
0 USD
CY2021Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
496000000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
427000000 USD
CY2021Q3 us-gaap Debt Current
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124000000 USD
CY2020Q4 us-gaap Debt Current
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53000000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
372000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
374000000 USD
CY2021Q3 us-gaap Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
24000000 USD
CY2020Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
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27000000 USD
us-gaap Restructuring Costs
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1000000 USD
us-gaap Restructuring Costs
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4000000 USD
CY2020Q4 us-gaap Restructuring Reserve
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1000000 USD
us-gaap Restructuring Charges
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1000000 USD
drs Restructuring Reserve Reversal And Utilization
RestructuringReserveReversalAndUtilization
0 USD
CY2021Q3 us-gaap Restructuring Reserve
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2000000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
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17000000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12000000 USD
drs Standard Product Warrant Accrual Decrease For Payments And Increase Decrease For Preexisting Warranties
StandardProductWarrantAccrualDecreaseForPaymentsAndIncreaseDecreaseForPreexistingWarranties
11000000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18000000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
720000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
719000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2059000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1952000000 USD
CY2021Q3 us-gaap Depreciation
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13000000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
11000000 USD
us-gaap Depreciation
Depreciation
37000000 USD
us-gaap Depreciation
Depreciation
33000000 USD
CY2021Q3 us-gaap Assets
Assets
2886000000 USD
CY2020Q4 us-gaap Assets
Assets
2956000000 USD
CY2021Q3 drs Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
70000000 USD
CY2020Q3 drs Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
61000000 USD
drs Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
210000000 USD
drs Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
157000000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7000000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
13000000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
11000000 USD
us-gaap Depreciation
Depreciation
37000000 USD
us-gaap Depreciation
Depreciation
33000000 USD
CY2021Q3 us-gaap Restructuring Charges
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1000000 USD
CY2020Q3 us-gaap Restructuring Charges
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2000000 USD
us-gaap Restructuring Charges
RestructuringCharges
1000000 USD
us-gaap Restructuring Charges
RestructuringCharges
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CY2021Q3 us-gaap Interest Expense
InterestExpense
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CY2020Q3 us-gaap Interest Expense
InterestExpense
17000000 USD
us-gaap Interest Expense
InterestExpense
27000000 USD
us-gaap Interest Expense
InterestExpense
49000000 USD
CY2021Q3 drs Sale Of Stock Anticipated Stock Issued Issuance Costs
SaleOfStockAnticipatedStockIssuedIssuanceCosts
0 USD
CY2020Q3 drs Sale Of Stock Anticipated Stock Issued Issuance Costs
SaleOfStockAnticipatedStockIssuedIssuanceCosts
0 USD
drs Sale Of Stock Anticipated Stock Issued Issuance Costs
SaleOfStockAnticipatedStockIssuedIssuanceCosts
4000000 USD
drs Sale Of Stock Anticipated Stock Issued Issuance Costs
SaleOfStockAnticipatedStockIssuedIssuanceCosts
0 USD
CY2021Q3 drs Acquisition And Divestiture Related Costs
AcquisitionAndDivestitureRelatedCosts
0 USD
CY2020Q3 drs Acquisition And Divestiture Related Costs
AcquisitionAndDivestitureRelatedCosts
0 USD
drs Acquisition And Divestiture Related Costs
AcquisitionAndDivestitureRelatedCosts
0 USD
drs Acquisition And Divestiture Related Costs
AcquisitionAndDivestitureRelatedCosts
0 USD
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1000000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1000000 USD
CY2021Q3 drs Covid19 Response Costs
COVID19ResponseCosts
1000000 USD
CY2020Q3 drs Covid19 Response Costs
COVID19ResponseCosts
9000000 USD
drs Covid19 Response Costs
COVID19ResponseCosts
6000000 USD
drs Covid19 Response Costs
COVID19ResponseCosts
11000000 USD
CY2021Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
0 USD
CY2020Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
0 USD
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
USD
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
2000000 USD
CY2021Q3 drs Other Nonoperating Income Expense Nonrecurring Events
OtherNonoperatingIncomeExpenseNonrecurringEvents
0 USD
CY2020Q3 drs Other Nonoperating Income Expense Nonrecurring Events
OtherNonoperatingIncomeExpenseNonrecurringEvents
-1000000 USD
drs Other Nonoperating Income Expense Nonrecurring Events
OtherNonoperatingIncomeExpenseNonrecurringEvents
USD
drs Other Nonoperating Income Expense Nonrecurring Events
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-3000000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11000000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
35000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
15000000 USD
us-gaap Net Income Loss
NetIncomeLoss
96000000 USD
us-gaap Net Income Loss
NetIncomeLoss
38000000 USD

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