2024 Q3 Form 10-Q Financial Statement
#000150158524000036 Filed on August 01, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | $2.749B | $2.977B |
YoY Change | -2.38% | 6.82% |
Cost Of Revenue | $2.427B | $2.545B |
YoY Change | 1.13% | 6.13% |
Gross Profit | $322.0M | $432.0M |
YoY Change | -22.6% | 11.05% |
Gross Profit Margin | 11.71% | 14.51% |
Selling, General & Admin | $252.0M | $255.0M |
YoY Change | -0.4% | 7.14% |
% of Gross Profit | 78.26% | 59.03% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $82.00M | $80.00M |
YoY Change | -3.53% | -8.05% |
% of Gross Profit | 25.47% | 18.52% |
Operating Expenses | $252.0M | $254.0M |
YoY Change | -0.4% | 7.17% |
Operating Profit | $82.00M | $189.0M |
YoY Change | -52.33% | 24.34% |
Interest Expense | $23.00M | $24.00M |
YoY Change | 4.55% | -220.0% |
% of Operating Profit | 28.05% | 12.7% |
Other Income/Expense, Net | $9.000M | $5.000M |
YoY Change | 350.0% | -86.49% |
Pretax Income | $112.0M | $216.0M |
YoY Change | -40.74% | 27.81% |
Income Tax | $11.00M | $43.00M |
% Of Pretax Income | 9.82% | 19.91% |
Net Earnings | $101.0M | $173.0M |
YoY Change | -31.76% | 33.08% |
Net Earnings / Revenue | 3.67% | 5.81% |
Basic Earnings Per Share | $2.56 | $4.38 |
Diluted Earnings Per Share | $2.56 | $4.38 |
COMMON SHARES | ||
Basic Shares Outstanding | 39.22M shares | 39.43M shares |
Diluted Shares Outstanding | 39.50M shares | 39.50M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $10.00M | $11.00M |
YoY Change | -90.83% | -96.49% |
Cash & Equivalents | $10.00M | $11.00M |
Short-Term Investments | ||
Other Short-Term Assets | $91.00M | $106.0M |
YoY Change | -14.15% | 35.9% |
Inventory | $205.0M | $198.0M |
Prepaid Expenses | ||
Receivables | $436.0M | $706.0M |
Other Receivables | $173.0M | $197.0M |
Total Short-Term Assets | $2.629B | $2.912B |
YoY Change | 1.62% | 3.37% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.384B | $3.342B |
YoY Change | 5.72% | -3.41% |
Goodwill | $2.618B | $2.618B |
YoY Change | 0.0% | 0.0% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $1.393B | $1.342B |
YoY Change | 33.43% | 33.0% |
Total Long-Term Assets | $8.453B | $8.398B |
YoY Change | 5.22% | 4.43% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.629B | $2.912B |
Total Long-Term Assets | $8.453B | $8.398B |
Total Assets | $11.08B | $11.31B |
YoY Change | 4.34% | 4.15% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $579.0M | $652.0M |
YoY Change | 8.22% | 25.63% |
Accrued Expenses | $569.0M | $579.0M |
YoY Change | -2.57% | 0.87% |
Deferred Revenue | $743.0M | $886.0M |
YoY Change | -15.38% | 6.36% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $898.0M | $942.0M |
YoY Change | 252.16% | 94.63% |
Total Short-Term Liabilities | $3.336B | $3.563B |
YoY Change | 18.42% | 21.73% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.709B | $1.715B |
YoY Change | -22.77% | -28.42% |
Other Long-Term Liabilities | $406.0M | $387.0M |
YoY Change | 7.69% | -74.72% |
Total Long-Term Liabilities | $2.115B | $2.102B |
YoY Change | -18.34% | -46.47% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.336B | $3.563B |
Total Long-Term Liabilities | $2.115B | $2.102B |
Total Liabilities | $6.879B | $7.132B |
YoY Change | -0.13% | -1.12% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $5.026B | $4.977B |
YoY Change | 10.9% | 12.25% |
Common Stock | $2.037B | $2.029B |
YoY Change | -0.05% | -0.05% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $2.449B | $2.414B |
YoY Change | 8.94% | 8.4% |
Treasury Stock Shares | ||
Shareholders Equity | $4.203B | $4.178B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $11.08B | $11.31B |
YoY Change | 4.34% | 4.15% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $101.0M | $173.0M |
YoY Change | -31.76% | 33.08% |
Depreciation, Depletion And Amortization | $82.00M | $80.00M |
YoY Change | -3.53% | -8.05% |
Cash From Operating Activities | $213.0M | -$9.000M |
YoY Change | -36.42% | -110.98% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $88.00M | $90.00M |
YoY Change | 66.04% | 32.35% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $12.00M | -$1.000M |
YoY Change | 0.0% | -101.72% |
Cash From Investing Activities | -$76.00M | -$91.00M |
YoY Change | 85.37% | 810.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -138.0M | 101.0M |
YoY Change | -72.29% | -231.17% |
NET CHANGE | ||
Cash From Operating Activities | 213.0M | -9.000M |
Cash From Investing Activities | -76.00M | -91.00M |
Cash From Financing Activities | -138.0M | 101.0M |
Net Change In Cash | -1.000M | 1.000M |
YoY Change | -99.51% | -120.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | $213.0M | -$9.000M |
Capital Expenditures | $88.00M | $90.00M |
Free Cash Flow | $125.0M | -$99.00M |
YoY Change | -55.67% | -807.14% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.30 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
CY2024Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2024Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
1000000 | usd |
CY2023Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
1000000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
487000000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
458000000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
343000000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
297000000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
45000000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
48000000 | usd | |
hii |
Nonoperatingretirement Fa Sexpense
NonoperatingretirementFASexpense
|
-90000000 | usd | |
hii |
Nonoperatingretirement Fa Sexpense
NonoperatingretirementFASexpense
|
-74000000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
9000000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
332000000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
73000000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
259000000 | usd | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
6.49 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39900000 | shares | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
6.49 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39900000 | shares | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
2.48 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
259000000 | usd | |
us-gaap |
Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
|
9000000 | usd | |
CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-592000000 | usd |
CY2024Q2 | 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
|
4000000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
297000000 | usd | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.220 | ||
us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
3000000 | usd | |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
550000 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
221.69 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P1Y2M12D | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
2.60 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
2.48 | ||
CY2023Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-162000000 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
229000000 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
42000000 | usd | |
hii |
Repaymentoflineofcreditborrowings
Repaymentoflineofcreditborrowings
|
42000000 | usd | |
us-gaap |
Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
|
440000000 | usd | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
102000000 | usd | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
99000000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
127000000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
16000000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
25000000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
12000000 | usd | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
3000000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-46000000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-157000000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-419000000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-154000000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
430000000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
467000000 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11000000 | usd |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
157000000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
172000000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
51000000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
51000000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
9000000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
4000000 | usd | |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3563000000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
130000000 | usd |
CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.24 | |
CY2023Q2 | us-gaap |
Dividends
Dividends
|
50000000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
6000000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
4000000 | usd |
CY2023Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
7000000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3646000000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4126000000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
173000000 | usd |
CY2024Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.30 | |
CY2024Q2 | us-gaap |
Dividends
Dividends
|
51000000 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-9000000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
4000000 | usd |
CY2024Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
65000000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4178000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3489000000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
259000000 | usd | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
2.48 | ||
us-gaap |
Dividends
Dividends
|
99000000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
6000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
7000000 | usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
16000000 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3646000000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4093000000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
326000000 | usd | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
2.60 | ||
us-gaap |
Dividends
Dividends
|
102000000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-18000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
7000000 | usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
128000000 | usd | |
CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4178000000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
DESCRIPTION OF BUSINESSHuntington 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. 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, making HII America's largest shipbuilder. The Mission Technologies segment develops integrated solutions that enable today's connected, all-domain force. | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segments | |
us-gaap |
Fiscal Period
FiscalPeriod
|
<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. This practice only exists for interim periods within a reporting year.</span></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounting Estimates</span> - 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. | ||
CY2024Q2 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
227000000 | usd |
CY2023Q4 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
220000000 | usd |
CY2024Q2 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
2081000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
2309000000 | usd |
CY2024Q2 | hii |
Long Term Debt Current Maturities Fair Value
LongTermDebtCurrentMaturitiesFairValue
|
492000000 | usd |
CY2023Q4 | hii |
Long Term Debt Current Maturities Fair Value
LongTermDebtCurrentMaturitiesFairValue
|
229000000 | usd |
CY2019Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
3200000000 | usd |
CY2024Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
3800000000 | usd |
us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
473438 | shares | |
us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
75849 | shares | |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
102000000 | usd | |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
99000000 | usd | |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-596000000 | usd |
CY2023Q2 | 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 |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
1000000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
4000000 | usd |
CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-419000000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
4000000 | usd |
CY2024Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-415000000 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-599000000 | 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
|
1000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
2000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
7000000 | usd | |
CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-592000000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-422000000 | 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
|
7000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
2000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
2000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
7000000 | usd | |
CY2024Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-415000000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
173000000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
130000000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
326000000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
259000000 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39500000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39800000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39500000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39900000 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39500000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39800000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39500000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39900000 | shares | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.38 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.27 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
8.25 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
6.49 | ||
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.38 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.27 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
8.25 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
6.49 | ||
CY2024Q2 | us-gaap |
Revenues
Revenues
|
2977000000 | usd |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
2977000000 | usd |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
2977000000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
2787000000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
2787000000 | usd |
us-gaap |
Revenues
Revenues
|
5782000000 | usd | |
us-gaap |
Revenues
Revenues
|
5782000000 | usd | |
us-gaap |
Revenues
Revenues
|
5782000000 | usd | |
us-gaap |
Revenues
Revenues
|
5461000000 | usd | |
us-gaap |
Revenues
Revenues
|
5461000000 | usd | |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
2977000000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
2787000000 | usd |
us-gaap |
Revenues
Revenues
|
5782000000 | usd | |
us-gaap |
Revenues
Revenues
|
5461000000 | usd | |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
48500000000 | usd |
hii |
Revenueperformanceobligationrecognitionpercentageyeartwo
Revenueperformanceobligationrecognitionpercentageyeartwo
|
0.35 | ||
hii |
Revenueperformanceobligationrecognitionpercentageyearfour
Revenueperformanceobligationrecognitionpercentageyearfour
|
0.30 | ||
CY2024Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
1694000000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
1537000000 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
886000000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
1063000000 | usd |
CY2024Q2 | hii |
Net Contract Assets
NetContractAssets
|
808000000 | usd |
CY2023Q4 | hii |
Net Contract Assets
NetContractAssets
|
474000000 | usd |
hii |
Increase Decreasein Net Contract Assets
IncreaseDecreaseinNetContractAssets
|
334000000 | usd | |
CY2024Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
283000000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
924000000 | usd | |
CY2023Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
122000000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
673000000 | usd | |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
2977000000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
2787000000 | usd |
us-gaap |
Revenues
Revenues
|
5782000000 | usd | |
us-gaap |
Revenues
Revenues
|
5461000000 | usd | |
CY2024Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
189000000 | usd |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
156000000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
343000000 | usd | |
CY2024Q2 | us-gaap |
Assets
Assets
|
11310000000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
11215000000 | usd |
CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.199 | |
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.231 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.185 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
CY2024Q2 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
2000000 | usd |
us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
4000000 | usd | |
CY2024Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
102000000 | usd |
CY2024Q2 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
79000000 | usd |
CY2023Q4 | us-gaap |
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
|
-17000000 | usd |
CY2024Q2 | us-gaap |
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
|
-5000000 | usd |
CY2024Q2 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
2000000 | usd |
us-gaap |
Loss Contingency Number Of Defendants
LossContingencyNumberOfDefendants
|
32 | numberofreinsurers | |
hii |
Percentageofworkforcesubjectto Collective Bargaining Arrangements
PercentageofworkforcesubjecttoCollectiveBargainingArrangements
|
0.45 | ||
CY2024Q2 | hii |
Numberof Collective Bargaining Agreements
NumberofCollectiveBargainingAgreements
|
9 | |
CY2024Q2 | hii |
Number Of Site Stabilization Agreements
NumberOfSiteStabilizationAgreements
|
1 | |
us-gaap |
Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
|
18000000 | usd | |
us-gaap |
Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
|
16000000 | usd | |
us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
24000000 | usd | |
us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
21000000 | usd | |
CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.199 | |
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.231 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.185 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.220 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |