$HII
HUNTINGTON INGALLS INDUSTRIES, INC.

2022 Q3 Form 10-Q Financial Statement

#000150158522000026 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $2.626B $2.662B $2.677B
YoY Change 12.32% 19.32% -2.9%
Cost Of Revenue $2.264B $2.272B $2.304B
YoY Change 12.81% 19.02% 4.25%
Gross Profit $362.0M $390.0M $373.0M
YoY Change 9.37% 21.12% -31.81%
Gross Profit Margin 13.79% 14.65% 13.93%
Selling, General & Admin $244.0M $227.0M $262.0M
YoY Change 7.96% 11.27% 2.34%
% of Gross Profit 67.4% 58.21% 70.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $89.00M $87.00M $91.00M
YoY Change 20.27% 38.1% 30.0%
% of Gross Profit 24.59% 22.31% 24.4%
Operating Expenses $244.0M $226.0M $262.0M
YoY Change 7.96% 10.78% 2.75%
Operating Profit $131.0M $191.0M $111.0M
YoY Change 11.02% 49.22% -63.61%
Interest Expense $27.00M $26.00M -$16.00M
YoY Change 12.5% 44.44% -51.52%
% of Operating Profit 20.61% 13.61% -14.41%
Other Income/Expense, Net -$13.00M -$10.00M $53.00M
YoY Change -750.0% -242.86% 20.45%
Pretax Income $162.0M $222.0M $147.0M
YoY Change 14.89% 37.89% -51.49%
Income Tax $24.00M $44.00M $27.00M
% Of Pretax Income 14.81% 19.82% 18.37%
Net Earnings $138.0M $178.0M $120.0M
YoY Change -6.12% 37.98% -51.81%
Net Earnings / Revenue 5.26% 6.69% 4.48%
Basic Earnings Per Share $3.44 $4.44
Diluted Earnings Per Share $3.44 $4.44 $2.978M
COMMON SHARES
Basic Shares Outstanding 39.95M shares 40.10M shares 40.06M shares
Diluted Shares Outstanding 40.10M shares 40.10M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.0M $375.0M $627.0M
YoY Change -78.92% 7.76% 22.46%
Cash & Equivalents $117.0M $375.0M $627.0M
Short-Term Investments
Other Short-Term Assets $61.00M $74.00M $50.00M
YoY Change -7.58% 15.63% -71.91%
Inventory $174.0M $196.0M $161.0M
Prepaid Expenses
Receivables $721.0M $681.0M $433.0M
Other Receivables $180.0M $128.0M $209.0M
Total Short-Term Assets $2.817B $2.820B $2.790B
YoY Change 0.82% 21.71% 14.16%
LONG-TERM ASSETS
Property, Plant & Equipment $3.136B $3.102B $3.107B
YoY Change 3.06% 3.26% 4.33%
Goodwill $2.618B $2.634B $2.628B
YoY Change -2.46% 64.21% 62.52%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $754.0M $715.0M $4.730B
YoY Change 69.06% 43.0% 72.94%
Total Long-Term Assets $7.798B $7.766B $7.837B
YoY Change 2.52% 33.55% 37.18%
TOTAL ASSETS
Total Short-Term Assets $2.817B $2.820B $2.790B
Total Long-Term Assets $7.798B $7.766B $7.837B
Total Assets $10.62B $10.59B $10.63B
YoY Change 2.07% 30.18% 30.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $539.0M $528.0M $603.0M
YoY Change 6.1% 51.29% 31.09%
Accrued Expenses $596.0M $594.0M $665.0M
YoY Change -0.33% 11.24% 14.26%
Deferred Revenue $768.0M $757.0M $651.0M
YoY Change 13.95% 14.7% 11.28%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $399.0M
YoY Change
Total Short-Term Liabilities $2.892B $2.447B $2.427B
YoY Change 18.33% 15.26% 9.03%
LONG-TERM LIABILITIES
Long-Term Debt $2.605B $3.102B $3.298B
YoY Change -21.56% 83.66% 95.61%
Other Long-Term Liabilities $354.0M $356.0M $362.0M
YoY Change -1.67% 11.95% 14.92%
Total Long-Term Liabilities $2.959B $3.458B $3.660B
YoY Change -19.61% 72.3% 82.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.892B $2.447B $2.427B
Total Long-Term Liabilities $2.959B $3.458B $3.660B
Total Liabilities $7.567B $7.634B $7.819B
YoY Change -7.84% 25.87% 24.98%
SHAREHOLDERS EQUITY
Retained Earnings $4.203B $4.113B $3.891B
YoY Change 10.05% 10.62% 10.13%
Common Stock $2.014B $2.002B $1.998B
YoY Change 1.51% 1.26% 1.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.200B $2.186B $2.159B
YoY Change 2.56% 2.73% 4.91%
Treasury Stock Shares
Shareholders Equity $3.048B $2.952B $2.808B
YoY Change
Total Liabilities & Shareholders Equity $10.62B $10.59B $10.63B
YoY Change 2.07% 30.18% 30.28%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $138.0M $178.0M $120.0M
YoY Change -6.12% 37.98% -51.81%
Depreciation, Depletion And Amortization $89.00M $87.00M $91.00M
YoY Change 20.27% 38.1% 30.0%
Cash From Operating Activities -$19.00M $267.0M $271.0M
YoY Change -105.43% 178.13% -54.98%
INVESTING ACTIVITIES
Capital Expenditures -$77.00M -$59.00M -$115.0M
YoY Change -6.1% -20.27% -13.53%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.000M $3.000M
YoY Change -100.0% -107.14% -107.5%
Cash From Investing Activities -$77.00M -$58.00M -$112.0M
YoY Change -95.49% -34.09% -35.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -162.0M -164.0M -87.00M
YoY Change -110.35% 144.78% -86.84%
NET CHANGE
Cash From Operating Activities -19.00M 267.0M 271.0M
Cash From Investing Activities -77.00M -58.00M -112.0M
Cash From Financing Activities -162.0M -164.0M -87.00M
Net Change In Cash -258.0M 45.00M 72.00M
YoY Change -224.64% -176.27% -131.03%
FREE CASH FLOW
Cash From Operating Activities -$19.00M $267.0M $271.0M
Capital Expenditures -$77.00M -$59.00M -$115.0M
Free Cash Flow $58.00M $326.0M $386.0M
YoY Change -86.57% 91.76% -47.48%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Entity Registrant Name
EntityRegistrantName
HUNTINGTON INGALLS INDUSTRIES, INC.
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0001501585
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Small Business
EntitySmallBusiness
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
39947745 shares
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2000000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9000000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2234000000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2149000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
811000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
741000000 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
53500000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
53400000 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
40000000.0 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
40000000.0 shares
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.18
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.14
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
100000 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2000000 usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-34910
dei Entity Registrant Name
EntityRegistrantName
HUNTINGTON INGALLS INDUSTRIES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
90-0607005
dei Entity Address Address Line1
EntityAddressAddressLine1
4101 Washington Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Newport News
dei Entity Address State Or Province
EntityAddressStateOrProvince
VA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
23607
dei City Area Code
CityAreaCode
757
dei Local Phone Number
LocalPhoneNumber
380-2000
dei Security12b Title
Security12bTitle
Common Stock
dei Trading Symbol
TradingSymbol
HII
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
39947745 shares
CY2022Q2 us-gaap Revenues
Revenues
2662000000 usd
CY2021Q2 us-gaap Revenues
Revenues
2231000000 usd
us-gaap Revenues
Revenues
5238000000 usd
us-gaap Revenues
Revenues
4509000000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27000000 usd
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
34000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
20000000 usd
CY2022Q2 us-gaap Other Income
OtherIncome
1000000 usd
CY2021Q2 us-gaap Other Income
OtherIncome
-2000000 usd
us-gaap Other Income
OtherIncome
1000000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
227000000 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7000000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
204000000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
444000000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
410000000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
191000000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
128000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
329000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
275000000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
26000000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
18000000 usd
us-gaap Interest Expense
InterestExpense
52000000 usd
us-gaap Interest Expense
InterestExpense
39000000 usd
CY2022Q2 hii Nonoperatingretirement Fa Sexpense
NonoperatingretirementFASexpense
-67000000 usd
CY2021Q2 hii Nonoperatingretirement Fa Sexpense
NonoperatingretirementFASexpense
-44000000 usd
hii Nonoperatingretirement Fa Sexpense
NonoperatingretirementFASexpense
-138000000 usd
hii Nonoperatingretirement Fa Sexpense
NonoperatingretirementFASexpense
-90000000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-10000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
334000000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-17000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8000000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
222000000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
161000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
398000000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
80000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57000000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
178000000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
129000000 usd
us-gaap Net Income Loss
NetIncomeLoss
318000000 usd
us-gaap Net Income Loss
NetIncomeLoss
277000000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.44
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.20
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
15000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
22000000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.93
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.87
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40100000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40300000 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.44
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.87
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40100000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40300000 shares
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.18
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.14
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.36
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.28
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
178000000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
129000000 usd
us-gaap Net Income Loss
NetIncomeLoss
318000000 usd
us-gaap Net Income Loss
NetIncomeLoss
277000000 usd
CY2022Q2 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
13000000 usd
CY2021Q2 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
30000000 usd
us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-73000000 usd
us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
59000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-1000000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-1000000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
8000000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-19000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-55000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
46000000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
187000000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
151000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
263000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
323000000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
375000000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
627000000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2000000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9000000 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
681000000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
433000000 usd
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1366000000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1310000000 usd
CY2022Q2 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
196000000 usd
CY2021Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
161000000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
2790000000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2234000000 usd
CY2022Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
128000000 usd
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
209000000 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
74000000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
50000000 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
2820000000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2149000000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3102000000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3107000000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
226000000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
241000000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
2634000000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
2628000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
811000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
741000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1089000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1159000000 usd
CY2022Q2 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
314000000 usd
CY2021Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
281000000 usd
CY2022Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
401000000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
421000000 usd
CY2022Q2 us-gaap Assets
Assets
10586000000 usd
CY2021Q4 us-gaap Assets
Assets
10627000000 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
528000000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
603000000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
339000000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
361000000 usd
CY2022Q2 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
137000000 usd
CY2021Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
137000000 usd
CY2022Q2 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
255000000 usd
CY2021Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
252000000 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
757000000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
651000000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
431000000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
423000000 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2447000000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2427000000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3102000000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3298000000 usd
CY2022Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
396000000 usd
CY2021Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
351000000 usd
CY2022Q2 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
363000000 usd
CY2021Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
368000000 usd
CY2022Q2 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
496000000 usd
CY2021Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
506000000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
181000000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3891000000 usd
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.199
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
194000000 usd
CY2022Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
293000000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
313000000 usd
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
356000000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
362000000 usd
CY2022Q2 us-gaap Liabilities
Liabilities
7634000000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
7819000000 usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
53500000 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
40000000.0 shares
CY2022Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
1000000 usd
CY2021Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
1000000 usd
CY2022Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2002000000 usd
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1998000000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4113000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26000000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4000000 usd
CY2022Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2186000000 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2159000000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-978000000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-923000000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2952000000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2808000000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10586000000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10627000000 usd
us-gaap Net Income Loss
NetIncomeLoss
318000000 usd
us-gaap Net Income Loss
NetIncomeLoss
277000000 usd
us-gaap Depreciation
Depreciation
104000000 usd
us-gaap Depreciation
Depreciation
102000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
70000000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3000000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-7000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
16000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
12000000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1000000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-31000000 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-26000000 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
12000000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
241000000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
45000000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
56000000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
127000000 usd
us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
IncreaseDecreaseInInventoryForLongTermContractsOrPrograms
35000000 usd
us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
IncreaseDecreaseInInventoryForLongTermContractsOrPrograms
3000000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-47000000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
29000000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8000000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-32000000 usd
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-65000000 usd
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-70000000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
4000000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-6000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
184000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
139000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
102000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
134000000 usd
hii Grantproceedsforcapitalexpenditures
Grantproceedsforcapitalexpenditures
2000000 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
5000000 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
22000000 usd
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
20000000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-101000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-134000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
200000000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
94000000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
92000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
27000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70000000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14000000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-335000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-169000000 usd
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-252000000 usd
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-164000000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
627000000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
512000000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
375000000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
348000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
21000000 usd
us-gaap Interest Paid
InterestPaid
49000000 usd
us-gaap Interest Paid
InterestPaid
37000000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6000000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5000000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1979000000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
129000000 usd
CY2021Q2 us-gaap Dividends
Dividends
46000000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
22000000 usd
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
20000000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2067000000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2822000000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
178000000 usd
CY2022Q2 us-gaap Dividends
Dividends
47000000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9000000 usd
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
17000000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2952000000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1901000000 usd
us-gaap Net Income Loss
NetIncomeLoss
277000000 usd
us-gaap Dividends
Dividends
92000000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
46000000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
70000000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2067000000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2808000000 usd
us-gaap Net Income Loss
NetIncomeLoss
318000000 usd
us-gaap Dividends
Dividends
94000000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-55000000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
27000000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2952000000 usd
us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF BUSINESS<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Huntington Ingalls Industries, Inc. ("HII" or the "Company") is an all-domain defense and technologies partner, recognized worldwide as America’s largest shipbuilder. HII is organized into three reportable segments: Ingalls Shipbuilding ("Ingalls"), Newport News Shipbuilding ("Newport News"), and Mission Technologies (formerly named Technical Solutions). For more than a century, the Company's Ingalls segment in Mississippi and Newport News segment in Virginia have built more ships in more ship classes than any other U.S. naval shipbuilder. The Mission Technologies segment delivers high-value engineering and technology solutions to enable multi-domain distributed operations in the government and commercial services markets.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">HII conducts most of its business with the U.S. Government, primarily the Department of Defense ("DoD"). As prime contractor, principal subcontractor, team member, or partner, the Company participates in many high-priority U.S. defense programs. Through its Ingalls segment, HII is a builder of amphibious assault and expeditionary warfare ships for the U.S. Navy, the sole builder of National Security Cutters for the U.S. Coast Guard, and one of only two companies that builds the Navy's current fleet of </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Arleigh Burke </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">class (DDG 51) destroyers. Through its Newport News segment, HII is the nation's sole designer, builder, and refueler of nuclear-powered aircraft carriers, and one of only two companies currently designing and building nuclear-powered submarines for the U.S. Navy. The Mission Technologies segment provides a wide range of services and products, including C5ISR systems and operations; the application of Artificial Intelligence and machine learning to battlefield decisions; defensive and offensive cyberspace strategies and electronic warfare; unmanned autonomous systems; live, virtual, and constructive solutions; platform modernization; and critical nuclear operations.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segments
us-gaap Fiscal Period
FiscalPeriod
The quarterly information is labeled using a calendar convention; that is, first quarter is consistently labeled as ending on March 31, second quarter as ending on June 30, and third quarter as ending on September 30. It is management's long-standing practice to establish interim closing dates using a "fiscal" calendar, which requires the businesses to close their books on a Friday near these quarter-end dates in order to normalize the potentially disruptive effects of quarterly closings on business processes. The effects of this practice only exist for interim periods within a reporting year.
us-gaap Use Of Estimates
UseOfEstimates
Accounting Estimates - The preparation of the Company's unaudited condensed consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Estimates have been prepared on the basis of the most current and best available information, and actual results could differ materially from those estimates.
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
131006 shares
CY2022Q2 us-gaap Assets Held In Trust
AssetsHeldInTrust
201000000 usd
CY2021Q4 us-gaap Assets Held In Trust
AssetsHeldInTrust
220000000 usd
CY2022Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2954000000 usd
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3449000000 usd
CY2017Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2200000000 usd
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3200000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3000000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
386463 shares
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
94000000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
92000000 usd
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1523000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
3000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
27000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
8000000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
22000000 usd
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1501000000 usd
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-987000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-1000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
5000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
8000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9000000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-978000000 usd
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1547000000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
2000000 usd
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
6000000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
53000000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
15000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
46000000 usd
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1501000000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-923000000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-98000000 usd
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
8000000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
16000000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-19000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-55000000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-978000000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.201
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
178000000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
129000000 usd
us-gaap Net Income Loss
NetIncomeLoss
318000000 usd
us-gaap Net Income Loss
NetIncomeLoss
277000000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40100000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40300000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40100000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40300000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.44
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.93
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.87
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.44
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.87
CY2022Q2 us-gaap Revenues
Revenues
2662000000 usd
CY2022Q2 us-gaap Revenues
Revenues
2662000000 usd
CY2022Q2 us-gaap Revenues
Revenues
2662000000 usd
CY2021Q2 us-gaap Revenues
Revenues
2231000000 usd
CY2021Q2 us-gaap Revenues
Revenues
2231000000 usd
CY2021Q2 us-gaap Revenues
Revenues
2231000000 usd
us-gaap Revenues
Revenues
5238000000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.171
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.198
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Revenues
Revenues
5238000000 usd
us-gaap Revenues
Revenues
5238000000 usd
us-gaap Revenues
Revenues
4509000000 usd
us-gaap Revenues
Revenues
4509000000 usd
us-gaap Revenues
Revenues
4509000000 usd
CY2022Q2 us-gaap Revenues
Revenues
2662000000 usd
CY2021Q2 us-gaap Revenues
Revenues
2231000000 usd
us-gaap Revenues
Revenues
5238000000 usd
us-gaap Revenues
Revenues
4509000000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
47200000000 usd
hii Revenueperformanceobligationrecognitionpercentageyeartwo
Revenueperformanceobligationrecognitionpercentageyeartwo
0.30
hii Revenueperformanceobligationrecognitionpercentageyearfour
Revenueperformanceobligationrecognitionpercentageyearfour
0.30
hii Increase Decreasein Net Contract Assets
IncreaseDecreaseinNetContractAssets
-50000000 usd
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
152000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
531000000 usd
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
56000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
453000000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
3000000 usd
CY2022Q2 us-gaap Revenues
Revenues
2662000000 usd
CY2021Q2 us-gaap Revenues
Revenues
2231000000 usd
us-gaap Revenues
Revenues
5238000000 usd
us-gaap Revenues
Revenues
4509000000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
191000000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
128000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
329000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
275000000 usd
CY2022Q2 us-gaap Assets
Assets
10586000000 usd
CY2021Q4 us-gaap Assets
Assets
10627000000 usd
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
5000000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
86000000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
65000000 usd
us-gaap Loss Contingency Number Of Defendants
LossContingencyNumberOfDefendants
32 numberofreinsurers
hii Representation And Warranty Insurance Policy Coverage Limit
RepresentationAndWarrantyInsurancePolicyCoverageLimit
70000000 usd
CY2022Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
44000
hii Percentageofworkforcesubjectto Collective Bargaining Arrangements
PercentageofworkforcesubjecttoCollectiveBargainingArrangements
0.45
CY2022Q2 hii Numberof Collective Bargaining Agreements
NumberofCollectiveBargainingAgreements
9
CY2022Q2 hii Number Of Site Stabilization Agreements
NumberOfSiteStabilizationAgreements
1
us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
16000000 usd
us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
20000000 usd
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
21000000 usd
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
84000000 usd
us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
97000000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
200000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
100000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
511000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
189.61
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y4M24D
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12000000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2000000 usd

Files In Submission

Name View Source Status
0001501585-22-000026-index-headers.html Edgar Link pending
0001501585-22-000026-index.html Edgar Link pending
0001501585-22-000026.txt Edgar Link pending
0001501585-22-000026-xbrl.zip Edgar Link pending
exhibit102termsandcondit.htm Edgar Link pending
exhibit102termsandcondit001.jpg Edgar Link pending
exhibit102termsandcondit002.jpg Edgar Link pending
exhibit102termsandcondit003.jpg Edgar Link pending
exhibit102termsandcondit004.jpg Edgar Link pending
exhibit102termsandcondit005.jpg Edgar Link pending
exhibit102termsandcondit006.jpg Edgar Link pending
exhibit102termsandcondit007.jpg Edgar Link pending
exhibit102termsandcondit008.jpg Edgar Link pending
exhibit103termsandcondit.htm Edgar Link pending
exhibit103termsandcondit001.jpg Edgar Link pending
exhibit103termsandcondit002.jpg Edgar Link pending
exhibit103termsandcondit003.jpg Edgar Link pending
exhibit103termsandcondit004.jpg Edgar Link pending
exhibit103termsandcondit005.jpg Edgar Link pending
exhibit103termsandcondit006.jpg Edgar Link pending
exhibit104termsandcondit.htm Edgar Link pending
exhibit104termsandcondit001.jpg Edgar Link pending
exhibit104termsandcondit002.jpg Edgar Link pending
exhibit104termsandcondit003.jpg Edgar Link pending
exhibit104termsandcondit004.jpg Edgar Link pending
exhibit104termsandcondit005.jpg Edgar Link pending
exhibit104termsandcondit006.jpg Edgar Link pending
exhibit105termsandcondit.htm Edgar Link pending
exhibit105termsandcondit001.jpg Edgar Link pending
exhibit105termsandcondit002.jpg Edgar Link pending
exhibit105termsandcondit003.jpg Edgar Link pending
exhibit105termsandcondit004.jpg Edgar Link pending
exhibit105termsandcondit005.jpg Edgar Link pending
exhibit105termsandcondit006.jpg Edgar Link pending
exhibit106termsandcondit.htm Edgar Link pending
exhibit106termsandcondit001.jpg Edgar Link pending
exhibit106termsandcondit002.jpg Edgar Link pending
exhibit311q22022.htm Edgar Link pending
exhibit312q22022.htm Edgar Link pending
exhibit321q22022.htm Edgar Link pending
exhibit322q22022.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
hii-20220630.htm Edgar Link pending
hii-20220630.xsd Edgar Link pending
hii-20220630_cal.xml Edgar Link unprocessable
hii-20220630_def.xml Edgar Link unprocessable
hii-20220630_htm.xml Edgar Link completed
hii-20220630_lab.xml Edgar Link unprocessable
hii-20220630_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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
R6.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