$DRS
Leonardo DRS, Inc.

2024 Q2 Form 10-Q Financial Statement

#000162828024019617 Filed on May 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $753.0M $688.0M $569.0M
YoY Change 19.9% 20.91% -7.03%
Cost Of Revenue $584.0M $535.0M $438.0M
YoY Change 20.91% 22.15% -8.37%
Gross Profit $169.0M $153.0M $131.0M
YoY Change 16.55% 16.79% -2.24%
Gross Profit Margin 22.44% 22.24% 23.02%
Selling, General & Admin $107.0M $101.0M $100.0M
YoY Change 18.89% 1.0% 1769.16%
% of Gross Profit 63.31% 66.01% 76.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.00M $22.00M $22.00M
YoY Change -15.0% 0.0% 46.67%
% of Gross Profit 10.06% 14.38% 16.79%
Operating Expenses $113.0M $106.0M $106.0M
YoY Change 9.71% 0.0% 1191.11%
Operating Profit $55.00M $43.00M $25.00M
YoY Change 30.95% 72.0% -55.36%
Interest Expense -$7.000M $5.000M $8.000M
YoY Change -22.22% -37.5% 0.0%
% of Operating Profit -12.73% 11.63% 32.0%
Other Income/Expense, Net -$1.000M -$1.000M -$1.000M
YoY Change 0.0%
Pretax Income $47.00M $37.00M $16.00M
YoY Change 42.42% 131.25% -66.67%
Income Tax $9.000M $8.000M $4.000M
% Of Pretax Income 19.15% 21.62% 25.0%
Net Earnings $38.00M $29.00M $12.00M
YoY Change 8.57% 141.67% -66.67%
Net Earnings / Revenue 5.05% 4.22% 2.11%
Basic Earnings Per Share $0.14 $0.11 $0.05
Diluted Earnings Per Share $0.14 $0.11 $0.05
COMMON SHARES
Basic Shares Outstanding 263.1M shares 262.6M shares 260.5M shares
Diluted Shares Outstanding 267.0M shares 266.0M shares 262.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.0M $160.0M $174.0M
YoY Change 325.71% -8.05% 164.04%
Cash & Equivalents $149.0M $160.0M $174.0M
Short-Term Investments
Other Short-Term Assets $33.00M $47.00M $29.00M
YoY Change -51.47% 62.07% 16.0%
Inventory $367.0M $342.0M $364.0M
Prepaid Expenses $31.00M $23.00M $19.00M
Receivables $188.0M $194.0M $158.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.805B $1.772B $1.712B
YoY Change 6.36% 3.5% 12.85%
LONG-TERM ASSETS
Property, Plant & Equipment $419.0M $407.0M $402.0M
YoY Change 4.23% 1.24% 1075.44%
Goodwill $1.238B $1.238B $1.236B
YoY Change 0.16% 0.16% 29.56%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $91.00M $95.00M $92.00M
YoY Change -45.18% 3.26% -5.15%
Total Long-Term Assets $2.014B $2.009B $1.969B
YoY Change 2.49% 2.03% 29.88%
TOTAL ASSETS
Total Short-Term Assets $1.805B $1.772B $1.712B
Total Long-Term Assets $2.014B $2.009B $1.969B
Total Assets $3.819B $3.781B $3.681B
YoY Change 4.29% 2.72% 21.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $263.0M $220.0M $258.0M
YoY Change -9.31% -14.73% 4.03%
Accrued Expenses $145.0M $146.0M $143.0M
YoY Change 2.11% 2.1% 5007.14%
Deferred Revenue $348.0M $361.0M $247.0M
YoY Change 19.18% 46.15% 43.6%
Short-Term Debt $1.000M $9.000M $15.00M
YoY Change -40.0% 66.67%
Long-Term Debt Due $22.00M $30.00M $250.0M
YoY Change -83.82% -88.0% 34.41%
Total Short-Term Liabilities $896.0M $902.0M $1.019B
YoY Change -4.98% -11.48% 10.4%
LONG-TERM LIABILITIES
Long-Term Debt $351.0M $356.0M $360.0M
YoY Change -1.68% -1.11%
Other Long-Term Liabilities $126.0M $129.0M $111.0M
YoY Change -23.64% 16.22% 70.77%
Total Long-Term Liabilities $517.0M $524.0M $519.0M
YoY Change -0.96% 0.96% 9.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $896.0M $902.0M $1.019B
Total Long-Term Liabilities $517.0M $524.0M $519.0M
Total Liabilities $1.413B $1.426B $1.538B
YoY Change -4.07% -7.28% 10.01%
SHAREHOLDERS EQUITY
Retained Earnings -$2.739B -$2.777B -$2.962B
YoY Change -6.42% -6.25% 0.51%
Common Stock $3.000M $3.000M $3.000M
YoY Change 0.0% 0.0% 200.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.406B $2.355B $2.143B
YoY Change
Total Liabilities & Shareholders Equity $3.819B $3.781B $3.681B
YoY Change 4.29% 2.72% 21.36%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $38.00M $29.00M $12.00M
YoY Change 8.57% 141.67% -66.67%
Depreciation, Depletion And Amortization $17.00M $22.00M $22.00M
YoY Change -15.0% 0.0% 46.67%
Cash From Operating Activities $34.00M -$265.0M -$334.0M
YoY Change -383.33% -20.66% 30.98%
INVESTING ACTIVITIES
Capital Expenditures $34.00M $10.00M $15.00M
YoY Change 183.33% -33.33% 15.38%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $1.000M
YoY Change -100.0%
Cash From Investing Activities -$34.00M -$10.00M -$14.00M
YoY Change 183.33% -28.57% 7.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.00M -$32.00M $216.0M
YoY Change -90.43% -114.81% 53.19%
NET CHANGE
Cash From Operating Activities 34.00M -$265.0M -$334.0M
Cash From Investing Activities -34.00M -$10.00M -$14.00M
Cash From Financing Activities -11.00M -$32.00M $216.0M
Net Change In Cash -11.00M -$307.0M -$132.0M
YoY Change -92.09% 132.58% 3.94%
FREE CASH FLOW
Cash From Operating Activities $34.00M -$265.0M -$334.0M
Capital Expenditures $34.00M $10.00M $15.00M
Free Cash Flow $0.00 -$275.0M -$349.0M
YoY Change -100.0% -21.2% 30.22%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5000000 usd
CY2024Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-4000000 usd
CY2023Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
43000000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
25000000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
8000000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
29000000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
12000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
CY2024Q1 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2023Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2024Q1 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2023Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
688000000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
569000000 usd
CY2024Q1 us-gaap Cost Of Revenue
CostOfRevenue
535000000 usd
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
438000000 usd
CY2024Q1 us-gaap Gross Profit
GrossProfit
153000000 usd
CY2023Q1 us-gaap Gross Profit
GrossProfit
131000000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
101000000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
100000000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
5000000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
37000000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16000000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4000000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
29000000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
12000000 usd
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
0 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
0 usd
CY2024Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 usd
CY2023Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29000000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12000000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
160000000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
467000000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
194000000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
151000000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1006000000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
908000000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
342000000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
329000000 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
23000000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
21000000 usd
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
47000000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
42000000 usd
CY2024Q1 us-gaap Assets Current
AssetsCurrent
1772000000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
1918000000 usd
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
407000000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
402000000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
146000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
151000000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
1238000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1238000000 usd
CY2024Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
123000000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
123000000 usd
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
95000000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
89000000 usd
CY2024Q1 us-gaap Assets Noncurrent
AssetsNoncurrent
2009000000 usd
CY2023Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
2003000000 usd
CY2024Q1 us-gaap Assets
Assets
3781000000 usd
CY2023Q4 us-gaap Assets
Assets
3921000000 usd
CY2024Q1 us-gaap Debt Current
DebtCurrent
30000000 usd
CY2023Q4 us-gaap Debt Current
DebtCurrent
57000000 usd
CY2024Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
220000000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
398000000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
361000000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
335000000 usd
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
291000000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
288000000 usd
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
902000000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1078000000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
356000000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
349000000 usd
CY2024Q1 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
35000000 usd
CY2023Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
36000000 usd
CY2024Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
4000000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
4000000 usd
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
129000000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
129000000 usd
CY2024Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
524000000 usd
CY2023Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
518000000 usd
CY2024Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
262966873 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
262966873 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
262525390 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
262525390 shares
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
3000000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
3000000 usd
CY2024Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5176000000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5175000000 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2777000000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2806000000 usd
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-47000000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-47000000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
2355000000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2325000000 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3781000000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3921000000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
29000000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
12000000 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22000000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22000000 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1000000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4000000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
43000000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8000000 usd
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
98000000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
96000000 usd
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13000000 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
45000000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2000000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1000000 usd
CY2024Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5000000 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5000000 usd
CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-5000000 usd
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-5000000 usd
CY2024Q1 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-1000000 usd
CY2023Q1 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-3000000 usd
CY2024Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-2000000 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-59000000 usd
CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-6000000 usd
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
7000000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-178000000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-199000000 usd
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
26000000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
14000000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-265000000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-334000000 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10000000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15000000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 usd
CY2023Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1000000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10000000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14000000 usd
CY2024Q1 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-26000000 usd
CY2023Q1 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
6000000 usd
CY2024Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
38000000 usd
CY2023Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
128000000 usd
CY2024Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
35000000 usd
CY2023Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
340000000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2000000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1000000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
2000000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
1000000 usd
CY2024Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 usd
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2000000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-32000000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
216000000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
361000000 usd
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-307000000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-132000000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
467000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
306000000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
160000000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
174000000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2127000000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12000000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4000000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
2143000000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2325000000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29000000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1000000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
2355000000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1006000000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
908000000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
335000000 usd
CY2024Q1 drs Contract With Customer Asset Liability Current
ContractWithCustomerAssetLiabilityCurrent
645000000 usd
CY2023Q4 drs Contract With Customer Asset Liability Current
ContractWithCustomerAssetLiabilityCurrent
573000000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
140000000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
84000000 usd
CY2024Q1 drs Revenue Remaining Performance Obligation Funded Amount
RevenueRemainingPerformanceObligationFundedAmount
3509000000 usd
CY2024Q1 drs Revenue Remaining Performance Obligation Unfunded Amount
RevenueRemainingPerformanceObligationUnfundedAmount
4336000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7845000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.25
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P9M
CY2024Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
195000000 usd
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
152000000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1000000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1000000 usd
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
194000000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
151000000 usd
CY2024Q1 drs Transfers Of Financial Assets Accounted For As Sale Securitization Facility Availability
TransfersOfFinancialAssetsAccountedForAsSaleSecuritizationFacilityAvailability
225000000 usd
CY2023Q4 drs Transfers Of Financial Assets Accounted For As Sale Securitization Facility Availability
TransfersOfFinancialAssetsAccountedForAsSaleSecuritizationFacilityAvailability
275000000 usd
CY2023Q1 drs Transfers Of Financial Assets Accounted For As Sale Purchase Discount Fees
TransfersOfFinancialAssetsAccountedForAsSalePurchaseDiscountFees
0 usd
CY2024Q1 drs Transfers Of Financial Assets Accounted For As Sale Purchase Discount Fees
TransfersOfFinancialAssetsAccountedForAsSalePurchaseDiscountFees
0 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23000000 usd
CY2024Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
52000000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
46000000 usd
CY2024Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
36000000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
35000000 usd
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
291000000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
288000000 usd
CY2023Q4 drs Transfer Of Financial Assets Accounted For As Sales Amount
TransferOfFinancialAssetsAccountedForAsSalesAmount
192000000 usd
CY2022Q4 drs Transfer Of Financial Assets Accounted For As Sales Amount
TransferOfFinancialAssetsAccountedForAsSalesAmount
243000000 usd
CY2024Q1 drs Transfer Of Financial Assets Accounted For As Sales Receivables Sold And Derecognized During Period
TransferOfFinancialAssetsAccountedForAsSalesReceivablesSoldAndDerecognizedDuringPeriod
15000000 usd
CY2023Q1 drs Transfer Of Financial Assets Accounted For As Sales Receivables Sold And Derecognized During Period
TransferOfFinancialAssetsAccountedForAsSalesReceivablesSoldAndDerecognizedDuringPeriod
30000000 usd
CY2024Q1 drs Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Sold And Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsSoldAndDerecognizedAmount
136000000 usd
CY2023Q1 drs Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Sold And Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsSoldAndDerecognizedAmount
192000000 usd
CY2024Q1 drs Transfer Of Financial Assets Accounted For As Sales Amount
TransferOfFinancialAssetsAccountedForAsSalesAmount
71000000 usd
CY2023Q1 drs Transfer Of Financial Assets Accounted For As Sales Amount
TransferOfFinancialAssetsAccountedForAsSalesAmount
81000000 usd
CY2024Q1 drs Transfer Of Financial Assets Accounted For As Sales Cash Collected But Not Remitted Amount
TransferOfFinancialAssetsAccountedForAsSalesCashCollectedButNotRemittedAmount
9000000 usd
CY2023Q1 drs Transfer Of Financial Assets Accounted For As Sales Cash Collected But Not Remitted Amount
TransferOfFinancialAssetsAccountedForAsSalesCashCollectedButNotRemittedAmount
15000000 usd
CY2024Q1 drs Transfer Of Financial Assets Accounted For As Sales Remaining Sold Receivables Amount
TransferOfFinancialAssetsAccountedForAsSalesRemainingSoldReceivablesAmount
62000000 usd
CY2023Q1 drs Transfer Of Financial Assets Accounted For As Sales Remaining Sold Receivables Amount
TransferOfFinancialAssetsAccountedForAsSalesRemainingSoldReceivablesAmount
66000000 usd
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
68000000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
66000000 usd
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
268000000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
254000000 usd
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6000000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
9000000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
342000000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
329000000 usd
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
893000000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
873000000 usd
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
486000000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
471000000 usd
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
407000000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
402000000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
17000000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
16000000 usd
CY2024Q1 drs Salaries Wages And Accrued Bonuses Current
SalariesWagesAndAccruedBonusesCurrent
57000000 usd
CY2023Q4 drs Salaries Wages And Accrued Bonuses Current
SalariesWagesAndAccruedBonusesCurrent
73000000 usd
CY2024Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
65000000 usd
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
63000000 usd
CY2024Q1 us-gaap Litigation Reserve Current
LitigationReserveCurrent
2000000 usd
CY2023Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
2000000 usd
CY2024Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
12000000 usd
CY2023Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
10000000 usd
CY2024Q1 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
43000000 usd
CY2023Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
36000000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
24000000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
74000000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
68000000 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
36000000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
36000000 usd
CY2024Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
19000000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
25000000 usd
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
129000000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
119000000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
129000000 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
9000000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
9000000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1097000000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
951000000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
146000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1097000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
946000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
151000000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5000000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216
CY2024Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
259000000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
258000000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
22000000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
21000000 usd
CY2024Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
237000000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
237000000 usd
CY2024Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
118000000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
118000000 usd
CY2024Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
119000000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
167000000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
158000000 usd
CY2024Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
9000000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
35000000 usd
CY2024Q1 drs Debt And Capital Lease Obligations Gross
DebtAndCapitalLeaseObligationsGross
387000000 usd
CY2023Q4 drs Debt And Capital Lease Obligations Gross
DebtAndCapitalLeaseObligationsGross
407000000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1000000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1000000 usd
CY2024Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
386000000 usd
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
406000000 usd
CY2024Q1 us-gaap Debt Current
DebtCurrent
30000000 usd
CY2023Q4 us-gaap Debt Current
DebtCurrent
57000000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
356000000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
349000000 usd
CY2024Q1 us-gaap Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
9000000 usd
CY2023Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
35000000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
29000000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29000000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12000000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12000000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
263000000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
260000000 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
266000000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
262000000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26000000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3000000 usd
CY2024Q1 drs Standard Product Warrant Accrual Decrease For Payments And Increase Decrease For Preexisting Warranties
StandardProductWarrantAccrualDecreaseForPaymentsAndIncreaseDecreaseForPreexistingWarranties
2000000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
27000000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
688000000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
569000000 usd
CY2024Q1 drs Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
70000000 usd
CY2023Q1 drs Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
49000000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5000000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
17000000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
16000000 usd
CY2024Q1 us-gaap Restructuring Charges
RestructuringCharges
4000000 usd
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
0 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
5000000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
8000000 usd
CY2024Q1 drs Deal Related Transaction Costs
DealRelatedTransactionCosts
1000000 usd
CY2023Q1 drs Deal Related Transaction Costs
DealRelatedTransactionCosts
2000000 usd
CY2024Q1 drs Other Nonoperating Income Expense Nonrecurring Events
OtherNonoperatingIncomeExpenseNonrecurringEvents
-1000000 usd
CY2023Q1 drs Other Nonoperating Income Expense Nonrecurring Events
OtherNonoperatingIncomeExpenseNonrecurringEvents
-1000000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4000000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
29000000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
12000000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001628280-24-019617-index-headers.html Edgar Link pending
0001628280-24-019617-index.html Edgar Link pending
0001628280-24-019617.txt Edgar Link pending
0001628280-24-019617-xbrl.zip Edgar Link pending
drs-20240331.htm Edgar Link pending
drs-20240331.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
drs-20240331_cal.xml Edgar Link unprocessable
drs-20240331_def.xml Edgar Link unprocessable
drs-20240331_lab.xml Edgar Link unprocessable
drs-20240331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
drs-20240331_htm.xml Edgar Link completed
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
signed_ex311x2024q1xceocer.htm Edgar Link pending
signed_ex312x2024q1xcfocer.htm Edgar Link pending
signed_ex321x2024q1xceocer.htm Edgar Link pending
signed_ex322x2024q1xcfocer.htm Edgar Link pending