$LMT
LOCKHEED MARTIN CORP

2019 Q4 Form 10-Q Financial Statement

#000093646819000069 Filed on October 24, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $15.88B $15.17B $14.41B
YoY Change 10.18% 5.96% 4.1%
Cost Of Revenue $13.76B $13.11B $12.47B
YoY Change 10.31% 5.74% 2.75%
Gross Profit $2.123B $2.063B $1.942B
YoY Change 9.32% 7.39% 13.63%
Gross Profit Margin 13.37% 13.6% 13.48%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $322.0M $302.0M $304.0M
YoY Change 5.92% 3.78% -3.49%
% of Gross Profit 15.17% 14.64% 15.65%
Operating Expenses -$26.00M -$42.00M $91.00M
YoY Change -128.57% 0.0% -137.92%
Operating Profit $2.149B $2.105B $1.851B
YoY Change 16.1% 7.23% -5.03%
Interest Expense -$157.0M $162.0M -$171.0M
YoY Change -8.19% -191.53% -1.72%
% of Operating Profit -7.31% 7.7% -9.24%
Other Income/Expense, Net -$160.0M -$162.0M -$197.0M
YoY Change -18.78% -23.22% -2.96%
Pretax Income $1.832B $1.781B $1.483B
YoY Change 23.53% 13.08% -5.66%
Income Tax $334.0M $173.0M $273.0M
% Of Pretax Income 18.23% 9.71% 18.41%
Net Earnings $1.498B $1.608B $1.253B
YoY Change 19.55% 9.16% -268.41%
Net Earnings / Revenue 9.43% 10.6% 8.69%
Basic Earnings Per Share $5.32 $5.70 $4.43
Diluted Earnings Per Share $5.29 $5.66 $4.39
COMMON SHARES
Basic Shares Outstanding 282.1M shares 282.0M shares
Diluted Shares Outstanding 283.9M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.514B $2.539B $772.0M
YoY Change 96.11% 183.05% -73.02%
Cash & Equivalents $1.514B $2.539B $772.0M
Short-Term Investments
Other Short-Term Assets $531.0M $402.0M $418.0M
YoY Change 27.03% -44.7% -72.3%
Inventory $3.619B $3.474B $2.997B
Prepaid Expenses
Receivables $11.43B $13.39B $11.92B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.10B $19.80B $16.10B
YoY Change 6.16% 17.46% -8.01%
LONG-TERM ASSETS
Property, Plant & Equipment $6.591B $6.240B $6.124B
YoY Change 7.63% 5.73% 6.04%
Goodwill $10.60B $10.76B $10.77B
YoY Change -1.53% -0.24% -0.35%
Intangibles $3.213B $3.278B $3.494B
YoY Change -8.04% -8.18% -7.98%
Long-Term Investments $1.200B $1.200B
YoY Change 0.0% -14.29%
Other Assets $6.706B $6.280B $5.178B
YoY Change 29.51% 17.6% -7.2%
Total Long-Term Assets $30.43B $29.47B $28.77B
YoY Change 5.77% 2.92% -1.17%
TOTAL ASSETS
Total Short-Term Assets $17.10B $19.80B $16.10B
Total Long-Term Assets $30.43B $29.47B $28.77B
Total Assets $47.53B $49.28B $44.88B
YoY Change 5.91% 8.31% -3.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.281B $2.904B $2.402B
YoY Change -46.67% 7.92% 63.74%
Accrued Expenses $2.711B $2.590B $2.122B
YoY Change 27.76% 19.63% 18.88%
Deferred Revenue $7.054B $6.777B $6.491B
YoY Change 8.67% 4.44% -7.64%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.250B $900.0M $1.500B
YoY Change -16.67% 20.0% 100.0%
Total Short-Term Liabilities $13.97B $15.52B $14.40B
YoY Change -2.96% 2.05% 11.5%
LONG-TERM LIABILITIES
Long-Term Debt $11.40B $12.65B $12.60B
YoY Change -9.52% -6.18% -6.73%
Other Long-Term Liabilities $5.747B $5.058B $4.311B
YoY Change 33.31% 14.67% -5.21%
Total Long-Term Liabilities $17.15B $17.71B $16.92B
YoY Change 1.4% -1.04% -6.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.97B $15.52B $14.40B
Total Long-Term Liabilities $17.15B $17.71B $16.92B
Total Liabilities $44.36B $45.34B $43.43B
YoY Change 2.14% 1.9% -8.37%
SHAREHOLDERS EQUITY
Retained Earnings $18.40B $17.27B $15.43B
YoY Change 19.22% 17.15% 35.33%
Common Stock $280.0M $281.0M $281.0M
YoY Change -0.36% -0.71% -1.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.127B $3.893B $1.394B
YoY Change
Total Liabilities & Shareholders Equity $47.53B $49.28B $44.88B
YoY Change 5.91% 8.31% -3.74%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income $1.498B $1.608B $1.253B
YoY Change 19.55% 9.16% -268.41%
Depreciation, Depletion And Amortization $322.0M $302.0M $304.0M
YoY Change 5.92% 3.78% -3.49%
Cash From Operating Activities $1.490B $2.490B $2.217B
YoY Change -32.79% 589.75% 46.63%
INVESTING ACTIVITIES
Capital Expenditures -$643.0M -$308.0M -$459.0M
YoY Change 40.09% -9.14% -9.47%
Acquisitions
YoY Change
Other Investing Activities $205.0M $13.00M $57.00M
YoY Change 259.65% -360.0% 280.0%
Cash From Investing Activities -$438.0M -$295.0M -$402.0M
YoY Change 8.96% -14.24% -18.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $350.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.077B -823.0M -1.940B
YoY Change 7.06% 173.42% 76.36%
NET CHANGE
Cash From Operating Activities 1.490B 2.490B 2.217B
Cash From Investing Activities -438.0M -295.0M -402.0M
Cash From Financing Activities -2.077B -823.0M -1.940B
Net Change In Cash -1.025B 1.372B -125.0M
YoY Change 720.0% -583.1% 56.25%
FREE CASH FLOW
Cash From Operating Activities $1.490B $2.490B $2.217B
Capital Expenditures -$643.0M -$308.0M -$459.0M
Free Cash Flow $2.133B $2.798B $2.676B
YoY Change -20.29% 299.71% 32.54%

Facts In Submission

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151000000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1532000000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1777000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
477000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
172000000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
524000000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1237000000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
286000000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-539000000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
828000000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-3935000000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-117000000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
729000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-543000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-635000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5821000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
921000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
841000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
819000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-38000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-146000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-803000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-673000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1881000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1725000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
710000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
826000000 USD
us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
-600000000 USD
us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
490000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-60000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-151000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3251000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2212000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1767000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1964000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
772000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2861000000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2539000000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
897000000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2896000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
1608000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
186000000 USD
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
218000000 USD
CY2019Q3 us-gaap Dividends Cash
DividendsCash
679000000 USD
CY2019Q3 lmt Stock Based Awards And Esop Activity
StockBasedAwardsAndESOPActivity
146000000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2000000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3937000000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
479000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1473000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
318000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
203000000 USD
us-gaap Dividends Cash
DividendsCash
1201000000 USD
lmt Stock Based Awards And Esop Activity
StockBasedAwardsAndESOPActivity
140000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4000000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1002000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1449000000 USD
us-gaap Net Income Loss
NetIncomeLoss
4732000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
668000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
718000000 USD
us-gaap Dividends Cash
DividendsCash
2551000000 USD
lmt Stock Based Awards And Esop Activity
StockBasedAwardsAndESOPActivity
368000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
11000000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3937000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-776000000 USD
us-gaap Net Income Loss
NetIncomeLoss
3793000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
870000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
826000000 USD
us-gaap Dividends Cash
DividendsCash
2346000000 USD
lmt Stock Based Awards And Esop Activity
StockBasedAwardsAndESOPActivity
302000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
15000000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1002000000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
282000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
284300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
282200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
284900000 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1900000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1800000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2300000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
283900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
286700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
284000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
287200000 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2105000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1963000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
6396000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
5483000000 USD
CY2019Q3 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
368000000 USD
lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
252000000 USD
lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
1104000000 USD
lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
756000000 USD
CY2019Q3 lmt Financial Accounting Standards Non Operating Pension Expense
FinancialAccountingStandardsNonOperatingPensionExpense
145000000 USD
lmt Financial Accounting Standards Non Operating Pension Expense
FinancialAccountingStandardsNonOperatingPensionExpense
199000000 USD
lmt Financial Accounting Standards Non Operating Pension Expense
FinancialAccountingStandardsNonOperatingPensionExpense
433000000 USD
lmt Financial Accounting Standards Non Operating Pension Expense
FinancialAccountingStandardsNonOperatingPensionExpense
597000000 USD
CY2019Q3 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
368000000 USD
lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
252000000 USD
lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
1104000000 USD
lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
756000000 USD
CY2019Q3 us-gaap Revenues
Revenues
15171000000 USD
CY2019Q3 us-gaap Revenues
Revenues
15171000000 USD
CY2019Q3 us-gaap Revenues
Revenues
15171000000 USD
CY2019Q3 us-gaap Revenues
Revenues
15171000000 USD
us-gaap Revenues
Revenues
43934000000 USD
us-gaap Revenues
Revenues
43934000000 USD
us-gaap Revenues
Revenues
43934000000 USD
us-gaap Revenues
Revenues
43934000000 USD
us-gaap Revenues
Revenues
14318000000 USD
us-gaap Revenues
Revenues
14318000000 USD
us-gaap Revenues
Revenues
14318000000 USD
us-gaap Revenues
Revenues
14318000000 USD
us-gaap Revenues
Revenues
39351000000 USD
us-gaap Revenues
Revenues
39351000000 USD
us-gaap Revenues
Revenues
39351000000 USD
us-gaap Revenues
Revenues
39351000000 USD
CY2019Q3 us-gaap Assets
Assets
49275000000 USD
CY2018Q4 us-gaap Assets
Assets
44876000000 USD
CY2019Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
11004000000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
9472000000 USD
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6777000000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6491000000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1500000000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
286000000 USD
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
688000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3600000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
711000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3400000000 USD
CY2019Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
460000000 USD
CY2018Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
446000000 USD
CY2019Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2696000000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2161000000 USD
CY2019Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
318000000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
390000000 USD
CY2019Q3 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
3474000000 USD
CY2018Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
2997000000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
585000000 USD
CY2018Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
443000000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
984000000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1100000000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
818000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
124000000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.033
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
59000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
179000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
63000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
183000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
169000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1248000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
134000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
210000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
179000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
143000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
107000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
475000000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
167000000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1081000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
290000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
227000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
867000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
681000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
382000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
300000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1100000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
900000000 USD
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
52000000 USD
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
52000000 USD
CY2019Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
828000000 USD
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
864000000 USD
CY2019Q3 us-gaap Recorded Third Party Environmental Recoveries Receivable
RecordedThirdPartyEnvironmentalRecoveriesReceivable
719000000 USD
CY2018Q4 us-gaap Recorded Third Party Environmental Recoveries Receivable
RecordedThirdPartyEnvironmentalRecoveriesReceivable
750000000 USD
lmt Time Period Environmental Costs And Recovery Of Environmental Costs Are Projected Over
TimePeriodEnvironmentalCostsAndRecoveryOfEnvironmentalCostsAreProjectedOver
P20Y
CY2018Q4 lmt Letters Of Credit Surety Bonds And Third Party Guarantees
LettersOfCreditSuretyBondsAndThirdPartyGuarantees
3600000000 USD
CY2019Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
1100000000 USD
CY2018Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
850000000 USD
lmt Percentage Of Guarantees That Relate To Guarantees Of Contractual Performance Of Joint Ventures
PercentageOfGuaranteesThatRelateToGuaranteesOfContractualPerformanceOfJointVentures
0.71
CY2018 lmt Percentage Of Guarantees That Relate To Guarantees Of Contractual Performance Of Joint Ventures
PercentageOfGuaranteesThatRelateToGuaranteesOfContractualPerformanceOfJointVentures
0.65
CY2019Q3 lmt Long Termand Short Term Debt Fair Value
LongTermandShortTermDebtFairValue
14700000000 USD
CY2019Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1200000000 USD
CY2018Q4 lmt Long Termand Short Term Debt Fair Value
LongTermandShortTermDebtFairValue
15300000000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1200000000 USD
lmt Common Stock Repurchased With Cash During Period Shares
CommonStockRepurchasedWithCashDuringPeriodShares
2200000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
718000000 USD
CY2019Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
3300000000 USD
CY2019Q3 lmt Stock Repurchase Program Authorized Amount Period Increase Decrease
StockRepurchaseProgramAuthorizedAmountPeriodIncreaseDecrease
1000000000.0 USD
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2019Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
0 USD
CY2019Q3 us-gaap Dividends Cash
DividendsCash
679000000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.40
us-gaap Dividends Cash
DividendsCash
2600000000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
9.00
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.40
CY2019Q3 lmt Common Stock Dividends Per Share Period Increase Decrease Per Share
CommonStockDividendsPerSharePeriodIncreaseDecreasePerShare
0.20
us-gaap Dividends Cash
DividendsCash
1200000000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.20
us-gaap Dividends Cash
DividendsCash
2300000000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
8.20
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-30000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-698000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
668000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-53000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-923000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
870000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
227000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
300000000 USD
CY2019Q3 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
495000000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
1700000000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
595000000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
1600000000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
137400000000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.38
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.097
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.125
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.065
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.129
CY2019Q3 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-62000000 USD
CY2019Q3 lmt Effective Income Tax Rate Reconciliation Prior Year Income Taxes Per Share
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxesPerShare
0.22
us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-127000000 USD
lmt Effective Income Tax Rate Reconciliation Prior Year Income Taxes Per Share
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxesPerShare
0.45
CY2019Q1 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-65000000 USD
CY2019Q1 lmt Effective Income Tax Rate Reconciliation Prior Year Income Taxes Per Share
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxesPerShare
0.23
us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-148000000 USD
lmt Effective Income Tax Rate Reconciliation Prior Year Income Taxes Per Share
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxesPerShare
-0.52
us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-152000000 USD
lmt Effective Income Tax Rate Reconciliation Prior Year Income Taxes Per Share
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxesPerShare
-0.53
CY2019Q3 us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
80000000 USD
us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
280000000 USD
us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
41000000 USD
us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
268000000 USD

Files In Submission

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0000936468-19-000069-index-headers.html Edgar Link pending
0000936468-19-000069-index.html Edgar Link pending
0000936468-19-000069.txt Edgar Link pending
0000936468-19-000069-xbrl.zip Edgar Link pending
ex101q32019.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lmt-20190929.xsd Edgar Link pending
lmt-20190929_cal.xml Edgar Link unprocessable
lmt-20190929_def.xml Edgar Link unprocessable
lmt-20190929_lab.xml Edgar Link unprocessable
lmt-20190929_pre.xml Edgar Link unprocessable
lmtq3201910q.htm Edgar Link pending
lmtq3201910q_htm.xml Edgar Link completed
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report.css Edgar Link pending
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