$HII
HUNTINGTON INGALLS INDUSTRIES, INC.

2022 Q4 Form 10-Q Financial Statement

#000150158522000034 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $2.812B $2.626B
YoY Change 5.04% 12.32%
Cost Of Revenue $2.473B $2.264B
YoY Change 7.34% 12.81%
Gross Profit $339.0M $362.0M
YoY Change -9.12% 9.37%
Gross Profit Margin 12.06% 13.79%
Selling, General & Admin $236.0M $244.0M
YoY Change -9.92% 7.96%
% of Gross Profit 69.62% 67.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $95.00M $89.00M
YoY Change 4.4% 20.27%
% of Gross Profit 28.02% 24.59%
Operating Expenses $235.0M $244.0M
YoY Change -10.31% 7.96%
Operating Profit $104.0M $131.0M
YoY Change -6.31% 11.02%
Interest Expense -$22.00M $27.00M
YoY Change 37.5% 12.5%
% of Operating Profit -21.15% 20.61%
Other Income/Expense, Net $77.00M -$13.00M
YoY Change 45.28% -750.0%
Pretax Income $159.0M $162.0M
YoY Change 8.16% 14.89%
Income Tax $36.00M $24.00M
% Of Pretax Income 22.64% 14.81%
Net Earnings $123.0M $138.0M
YoY Change 2.5% -6.12%
Net Earnings / Revenue 4.37% 5.26%
Basic Earnings Per Share $3.44
Diluted Earnings Per Share $3.07 $3.44
COMMON SHARES
Basic Shares Outstanding 39.90M shares 39.95M shares
Diluted Shares Outstanding 40.10M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $467.0M $117.0M
YoY Change -25.52% -78.92%
Cash & Equivalents $467.0M $117.0M
Short-Term Investments
Other Short-Term Assets $50.00M $61.00M
YoY Change 0.0% -7.58%
Inventory $183.0M $174.0M
Prepaid Expenses
Receivables $636.0M $721.0M
Other Receivables $170.0M $180.0M
Total Short-Term Assets $2.746B $2.817B
YoY Change -1.58% 0.82%
LONG-TERM ASSETS
Property, Plant & Equipment $3.198B $3.136B
YoY Change 2.93% 3.06%
Goodwill $2.618B $2.618B
YoY Change -0.38% -2.46%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.913B $754.0M
YoY Change 3.87% 69.06%
Total Long-Term Assets $8.111B $7.798B
YoY Change 3.5% 2.52%
TOTAL ASSETS
Total Short-Term Assets $2.746B $2.817B
Total Long-Term Assets $8.111B $7.798B
Total Assets $10.86B $10.62B
YoY Change 2.16% 2.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $642.0M $539.0M
YoY Change 6.47% 6.1%
Accrued Expenses $626.0M $596.0M
YoY Change -5.86% -0.33%
Deferred Revenue $766.0M $768.0M
YoY Change 17.67% 13.95%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $399.0M $399.0M
YoY Change
Total Short-Term Liabilities $2.895B $2.892B
YoY Change 19.28% 18.33%
LONG-TERM LIABILITIES
Long-Term Debt $2.506B $2.605B
YoY Change -24.01% -21.56%
Other Long-Term Liabilities $366.0M $354.0M
YoY Change 1.1% -1.67%
Total Long-Term Liabilities $2.872B $2.959B
YoY Change -21.53% -19.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.895B $2.892B
Total Long-Term Liabilities $2.872B $2.959B
Total Liabilities $7.368B $7.567B
YoY Change -5.77% -7.84%
SHAREHOLDERS EQUITY
Retained Earnings $4.276B $4.203B
YoY Change 9.89% 10.05%
Common Stock $2.022B $2.014B
YoY Change 1.2% 1.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.211B $2.200B
YoY Change 2.41% 2.56%
Treasury Stock Shares
Shareholders Equity $3.489B $3.048B
YoY Change
Total Liabilities & Shareholders Equity $10.86B $10.62B
YoY Change 2.16% 2.07%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $123.0M $138.0M
YoY Change 2.5% -6.12%
Depreciation, Depletion And Amortization $95.00M $89.00M
YoY Change 4.4% 20.27%
Cash From Operating Activities $601.0M -$19.00M
YoY Change 121.77% -105.43%
INVESTING ACTIVITIES
Capital Expenditures $105.0M -$77.00M
YoY Change -191.3% -6.1%
Acquisitions
YoY Change
Other Investing Activities $15.00M $0.00
YoY Change 400.0% -100.0%
Cash From Investing Activities -$90.00M -$77.00M
YoY Change -19.64% -95.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -161.0M -162.0M
YoY Change 85.06% -110.35%
NET CHANGE
Cash From Operating Activities 601.0M -19.00M
Cash From Investing Activities -90.00M -77.00M
Cash From Financing Activities -161.0M -162.0M
Net Change In Cash 350.0M -258.0M
YoY Change 386.11% -224.64%
FREE CASH FLOW
Cash From Operating Activities $601.0M -$19.00M
Capital Expenditures $105.0M -$77.00M
Free Cash Flow $496.0M $58.00M
YoY Change 28.5% -86.57%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
846000000 usd
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Entity Registrant Name
EntityRegistrantName
HUNTINGTON INGALLS INDUSTRIES, INC.
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
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
39903536 shares
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2000000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9000000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2283000000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2149000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
741000000 usd
CY2022Q3 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
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
53500000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
53400000 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
39900000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
40000000.0 shares
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.54
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.42
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
100000 shares
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12000000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3000000 usd
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000 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
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
39903536 shares
CY2022Q3 us-gaap Revenues
Revenues
2626000000 usd
CY2021Q3 us-gaap Revenues
Revenues
2338000000 usd
us-gaap Revenues
Revenues
7864000000 usd
us-gaap Revenues
Revenues
6847000000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13000000 usd
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
47000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
31000000 usd
CY2021Q3 us-gaap Other Income
OtherIncome
2000000 usd
us-gaap Other Income
OtherIncome
3000000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
244000000 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
226000000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
688000000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
636000000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
131000000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
118000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
460000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
393000000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
27000000 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
24000000 usd
us-gaap Interest Expense
InterestExpense
79000000 usd
us-gaap Interest Expense
InterestExpense
63000000 usd
CY2022Q3 hii Nonoperatingretirement Fa Sexpense
NonoperatingretirementFASexpense
-71000000 usd
CY2021Q3 hii Nonoperatingretirement Fa Sexpense
NonoperatingretirementFASexpense
-45000000 usd
hii Nonoperatingretirement Fa Sexpense
NonoperatingretirementFASexpense
-209000000 usd
hii Nonoperatingretirement Fa Sexpense
NonoperatingretirementFASexpense
-135000000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-13000000 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-30000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10000000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
162000000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
141000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
560000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
475000000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24000000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
104000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51000000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
138000000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
147000000 usd
us-gaap Net Income Loss
NetIncomeLoss
456000000 usd
us-gaap Net Income Loss
NetIncomeLoss
424000000 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.44
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.65
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
11.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.52
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40100000 shares
CY2021Q3 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
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.44
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.65
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.52
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40100000 shares
CY2021Q3 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
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.18
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.14
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.54
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.42
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
138000000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
147000000 usd
us-gaap Net Income Loss
NetIncomeLoss
456000000 usd
us-gaap Net Income Loss
NetIncomeLoss
424000000 usd
CY2022Q3 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
12000000 usd
CY2021Q3 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
43000000 usd
us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-61000000 usd
us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
102000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-1000000 usd
CY2021Q3 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
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
1000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3000000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
11000000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-16000000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
2628000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
846000000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
26000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8000000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
31000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-47000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
77000000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
146000000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
178000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
409000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
501000000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117000000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
627000000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2000000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9000000 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
721000000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
433000000 usd
CY2022Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1564000000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1310000000 usd
CY2022Q3 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
174000000 usd
CY2021Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
161000000 usd
CY2022Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
180000000 usd
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
209000000 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
61000000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
50000000 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
2817000000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
2790000000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2283000000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2149000000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3136000000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3107000000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
236000000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
241000000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
2618000000 usd
CY2022Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
241000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
741000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1054000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1159000000 usd
CY2022Q3 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
355000000 usd
CY2021Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
281000000 usd
CY2022Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
399000000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
421000000 usd
CY2022Q3 us-gaap Assets
Assets
10615000000 usd
CY2021Q4 us-gaap Assets
Assets
10627000000 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
539000000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
603000000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
355000000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
361000000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
399000000 usd
CY2022Q3 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
CY2021Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
252000000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
768000000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
651000000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
453000000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
423000000 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2892000000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2427000000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2605000000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3298000000 usd
CY2022Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
394000000 usd
CY2021Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
351000000 usd
CY2022Q3 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
360000000 usd
CY2021Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
368000000 usd
CY2022Q3 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
486000000 usd
CY2021Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
506000000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
202000000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
194000000 usd
CY2022Q3 us-gaap Deferred Tax And Other Liabilities Noncurrent
DeferredTaxAndOtherLiabilitiesNoncurrent
274000000 usd
CY2021Q4 us-gaap Deferred Tax And Other Liabilities Noncurrent
DeferredTaxAndOtherLiabilitiesNoncurrent
313000000 usd
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
354000000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
362000000 usd
CY2022Q3 us-gaap Liabilities
Liabilities
7567000000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
7819000000 usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
53500000 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
39900000 shares
CY2022Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
1000000 usd
CY2021Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
1000000 usd
CY2022Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2014000000 usd
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1998000000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4203000000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6000000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3891000000 usd
CY2022Q3 us-gaap Treasury Stock Value
TreasuryStockValue
2200000000 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2159000000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-970000000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-923000000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3048000000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2808000000 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10615000000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10627000000 usd
us-gaap Net Income Loss
NetIncomeLoss
456000000 usd
us-gaap Net Income Loss
NetIncomeLoss
424000000 usd
us-gaap Depreciation
Depreciation
158000000 usd
us-gaap Depreciation
Depreciation
154000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
105000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
48000000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6000000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-7000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
28000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
19000000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
14000000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-74000000 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-34000000 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
12000000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
281000000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-52000000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
254000000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
179000000 usd
us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
IncreaseDecreaseInInventoryForLongTermContractsOrPrograms
13000000 usd
us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
IncreaseDecreaseInInventoryForLongTermContractsOrPrograms
7000000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4000000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
116000000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
48000000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
93000000 usd
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-99000000 usd
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-73000000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2000000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-6000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
165000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
489000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
179000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
216000000 usd
hii Grantproceedsforcapitalexpenditures
Grantproceedsforcapitalexpenditures
11000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1636000000 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 Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-178000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1842000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1650000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
300000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
22000000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
142000000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
138000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
41000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
87000000 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
-497000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1396000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-510000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43000000 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117000000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
555000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
107000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
31000000 usd
us-gaap Interest Paid Net
InterestPaidNet
61000000 usd
us-gaap Interest Paid Net
InterestPaidNet
39000000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5000000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4000000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2067000000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
147000000 usd
CY2021Q3 us-gaap Dividends
Dividends
46000000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7000000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
31000000 usd
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
17000000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2189000000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2952000000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
138000000 usd
CY2022Q3 us-gaap Dividends
Dividends
48000000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
12000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8000000 usd
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
14000000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3048000000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1901000000 usd
us-gaap Net Income Loss
NetIncomeLoss
424000000 usd
us-gaap Dividends
Dividends
138000000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
12000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
77000000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
87000000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2189000000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2808000000 usd
us-gaap Net Income Loss
NetIncomeLoss
456000000 usd
us-gaap Dividends
Dividends
142000000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
14000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-47000000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
41000000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3048000000 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 a global, all-domain defense partner, building and delivering the world’s most powerful, survivable naval ships and technologies that safeguard America’s seas, sky, land, space, and cyber. 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:112%">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:112%">Arleigh Burke </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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 command, control, computers, communications, cyber, intelligence, surveillance, and reconnaissance ("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 training 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.
CY2022Q3 us-gaap Assets Held In Trust
AssetsHeldInTrust
196000000 usd
CY2021Q4 us-gaap Assets Held In Trust
AssetsHeldInTrust
220000000 usd
CY2022Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2768000000 usd
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3449000000 usd
CY2022Q3 hii Long Term Debt Current Maturities Fair Value
LongTermDebtCurrentMaturitiesFairValue
386000000 usd
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1470000000 usd
CY2017Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2200000000 usd
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3200000000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
196850 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
469436 shares
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
142000000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
138000000 usd
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1501000000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
13000000 usd
CY2021Q3 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
2000000 usd
CY2021Q3 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
CY2021Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
11000000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
31000000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-978000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
2000000 usd
CY2022Q3 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
CY2022Q3 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
CY2022Q3 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax
-4000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8000000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-970000000 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
15000000 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
80000000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
26000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
77000000 usd
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1470000000 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
-96000000 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
13000000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
24000000 usd
us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax
-4000000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-16000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-47000000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-970000000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
138000000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
147000000 usd
us-gaap Net Income Loss
NetIncomeLoss
456000000 usd
us-gaap Net Income Loss
NetIncomeLoss
424000000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40100000 shares
CY2021Q3 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
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40100000 shares
CY2021Q3 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
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.44
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.65
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
11.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.52
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.44
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.65
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.52
CY2022Q3 us-gaap Revenues
Revenues
2626000000 usd
CY2022Q3 us-gaap Revenues
Revenues
2626000000 usd
CY2022Q3 us-gaap Revenues
Revenues
2626000000 usd
CY2021Q3 us-gaap Revenues
Revenues
2338000000 usd
CY2021Q3 us-gaap Revenues
Revenues
2338000000 usd
CY2021Q3 us-gaap Revenues
Revenues
2338000000 usd
us-gaap Revenues
Revenues
7864000000 usd
us-gaap Revenues
Revenues
7864000000 usd
us-gaap Revenues
Revenues
7864000000 usd
us-gaap Revenues
Revenues
6847000000 usd
us-gaap Revenues
Revenues
6847000000 usd
us-gaap Revenues
Revenues
6847000000 usd
CY2022Q3 us-gaap Revenues
Revenues
2626000000 usd
CY2021Q3 us-gaap Revenues
Revenues
2338000000 usd
us-gaap Revenues
Revenues
7864000000 usd
us-gaap Revenues
Revenues
6847000000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
46700000000 usd
hii Revenueperformanceobligationrecognitionpercentageyeartwo
Revenueperformanceobligationrecognitionpercentageyeartwo
0.30
hii Revenueperformanceobligationrecognitionpercentageyearfour
Revenueperformanceobligationrecognitionpercentageyearfour
0.35
hii Increase Decreasein Net Contract Assets
IncreaseDecreaseinNetContractAssets
137000000 usd
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
17000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
548000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
447000000 usd
CY2022Q3 us-gaap Revenues
Revenues
2626000000 usd
CY2021Q3 us-gaap Revenues
Revenues
2338000000 usd
us-gaap Revenues
Revenues
7864000000 usd
us-gaap Revenues
Revenues
6847000000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
131000000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
118000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
460000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
393000000 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
91000000 usd
CY2022Q3 us-gaap Assets
Assets
10615000000 usd
CY2021Q4 us-gaap Assets
Assets
10627000000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segments
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.148
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.043
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.186
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.107
CY2022Q3 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
5000000 usd
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
10000000 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
69000000 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 usd
us-gaap Loss Contingency Number Of Defendants
LossContingencyNumberOfDefendants
32 numberofreinsurers
hii Representation And Warranty Insurance Policy Coverage Limit
RepresentationAndWarrantyInsurancePolicyCoverageLimit
70000000 usd
CY2022Q3 dei Entity Number Of Employees
EntityNumberOfEmployees
43000
hii Percentageofworkforcesubjectto Collective Bargaining Arrangements
PercentageofworkforcesubjecttoCollectiveBargainingArrangements
0.45
CY2022Q3 hii Numberof Collective Bargaining Agreements
NumberofCollectiveBargainingAgreements
9
CY2022Q3 hii Number Of Site Stabilization Agreements
NumberOfSiteStabilizationAgreements
1
us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
25000000 usd
us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
28000000 usd
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
32000000 usd
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
94000000 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
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
509000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
188.84
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y2M12D
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12000000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19000000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3000000 usd
CY2021Q3 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
5000000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3000000 usd

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001501585-22-000034-index-headers.html Edgar Link pending
0001501585-22-000034-index.html Edgar Link pending
0001501585-22-000034.txt Edgar Link pending
0001501585-22-000034-xbrl.zip Edgar Link pending
exhibit311q32022.htm Edgar Link pending
exhibit312q32022.htm Edgar Link pending
exhibit321q32022.htm Edgar Link pending
exhibit322q32022.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hii-20220930.htm Edgar Link pending
hii-20220930.xsd Edgar Link pending
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
hii-20220930_cal.xml Edgar Link unprocessable
hii-20220930_lab.xml Edgar Link unprocessable
hii-20220930_def.xml Edgar Link unprocessable
hii-20220930_pre.xml Edgar Link unprocessable
hii-20220930_htm.xml Edgar Link completed
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
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