$LMT
LOCKHEED MARTIN CORP

2020 Q2 Form 10-Q Financial Statement

#000093646820000115 Filed on July 21, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $16.22B $14.43B
YoY Change 12.43% 7.68%
Cost Of Revenue $14.01B $12.43B
YoY Change 12.65% 6.78%
Gross Profit $2.213B $1.993B
YoY Change 11.04% 13.69%
Gross Profit Margin 13.64% 13.81%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $307.0M $288.0M
YoY Change 6.6% 0.35%
% of Gross Profit 13.87% 14.45%
Operating Expenses -$1.000M -$15.00M
YoY Change -93.33% -64.29%
Operating Profit $2.086B $2.008B
YoY Change 3.88% 11.87%
Interest Expense $149.0M $163.0M
YoY Change -8.59% -1.21%
% of Operating Profit 7.14% 8.12%
Other Income/Expense, Net $25.00M -$162.0M
YoY Change -115.43% -22.86%
Pretax Income $1.962B $1.683B
YoY Change 16.58% 18.52%
Income Tax $336.0M $263.0M
% Of Pretax Income 17.13% 15.63%
Net Earnings $1.626B $1.420B
YoY Change 14.51% 22.1%
Net Earnings / Revenue 10.02% 9.84%
Basic Earnings Per Share $5.81 $5.03
Diluted Earnings Per Share $5.79 $5.00
COMMON SHARES
Basic Shares Outstanding 279.8M shares 282.2M shares
Diluted Shares Outstanding 280.8M shares 283.9M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.855B $1.167B
YoY Change 144.64% -1.19%
Cash & Equivalents $2.855B $1.167B
Short-Term Investments
Other Short-Term Assets $538.0M $400.0M
YoY Change 34.5% -23.37%
Inventory $3.521B $3.599B
Prepaid Expenses
Receivables $12.66B $12.93B
Other Receivables $0.00 $0.00
Total Short-Term Assets $19.57B $18.10B
YoY Change 8.12% 9.67%
LONG-TERM ASSETS
Property, Plant & Equipment $6.663B $6.170B
YoY Change 7.99% 6.64%
Goodwill $10.58B $10.78B
YoY Change -1.82% -0.06%
Intangibles $3.077B $3.351B
YoY Change -8.18% -8.09%
Long-Term Investments
YoY Change
Other Assets $6.587B $6.281B
YoY Change 4.87% 17.25%
Total Long-Term Assets $30.03B $29.74B
YoY Change 0.99% 3.91%
TOTAL ASSETS
Total Short-Term Assets $19.57B $18.10B
Total Long-Term Assets $30.03B $29.74B
Total Assets $49.60B $47.84B
YoY Change 3.69% 6.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.453B $2.611B
YoY Change -44.35% -2.39%
Accrued Expenses $2.488B $2.362B
YoY Change 5.33% 15.16%
Deferred Revenue $7.481B $6.766B
YoY Change 10.57% 5.5%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0M $900.0M
YoY Change -44.44% 20.0%
Total Short-Term Liabilities $14.89B $15.13B
YoY Change -1.61% 9.01%
LONG-TERM LIABILITIES
Long-Term Debt $12.17B $12.64B
YoY Change -3.66% -6.25%
Other Long-Term Liabilities $5.834B $5.061B
YoY Change 15.27% 15.44%
Total Long-Term Liabilities $18.01B $17.70B
YoY Change 1.75% -0.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.89B $15.13B
Total Long-Term Liabilities $18.01B $17.70B
Total Liabilities $45.82B $44.94B
YoY Change 1.94% 0.67%
SHAREHOLDERS EQUITY
Retained Earnings $18.88B $16.41B
YoY Change 15.04% 12.94%
Common Stock $278.0M $281.0M
YoY Change -1.07% -0.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.751B $2.850B
YoY Change
Total Liabilities & Shareholders Equity $49.60B $47.84B
YoY Change 3.69% 6.02%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $1.626B $1.420B
YoY Change 14.51% 22.1%
Depreciation, Depletion And Amortization $307.0M $288.0M
YoY Change 6.6% 0.35%
Cash From Operating Activities $2.182B $1.668B
YoY Change 30.82% -2416.67%
INVESTING ACTIVITIES
Capital Expenditures -$343.0M -$249.0M
YoY Change 37.75% -5.68%
Acquisitions
YoY Change
Other Investing Activities $6.000M -$2.000M
YoY Change -400.0% -109.52%
Cash From Investing Activities -$337.0M -$251.0M
YoY Change 34.26% 3.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -978.0M -1.241B
YoY Change -21.19% 38.35%
NET CHANGE
Cash From Operating Activities 2.182B 1.668B
Cash From Investing Activities -337.0M -251.0M
Cash From Financing Activities -978.0M -1.241B
Net Change In Cash 867.0M 176.0M
YoY Change 392.61% -114.52%
FREE CASH FLOW
Cash From Operating Activities $2.182B $1.668B
Capital Expenditures -$343.0M -$249.0M
Free Cash Flow $2.525B $1.917B
YoY Change 31.72% 898.44%

Facts In Submission

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1150000000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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277000000 USD
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1350000000 USD
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StockBasedAwardsAndESOPActivity
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MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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OtherComprehensiveIncomeLossNetOfTax
255000000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2896000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3171000000 USD
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
151000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1041000000 USD
us-gaap Dividends Cash
DividendsCash
2027000000 USD
lmt Stock Based Awards And Esop Activity
StockBasedAwardsAndESOPActivity
198000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9000000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1449000000 USD
us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
482000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
500000000 USD
us-gaap Dividends Cash
DividendsCash
1872000000 USD
lmt Stock Based Awards And Esop Activity
StockBasedAwardsAndESOPActivity
222000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9000000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2896000000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
279800000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
282200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
282300000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000.0 shares
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1700000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1200000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1800000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
280800000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
283900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
281700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2086000000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2008000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
4208000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
4291000000 USD
CY2020Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
128000000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
128000000 USD
CY2020Q2 lmt Equity Method Investment Other Than Temporary Impairment After Tax
EquityMethodInvestmentOtherThanTemporaryImpairmentAfterTax
96000000 USD
lmt Equity Method Investment Other Than Temporary Impairment After Tax
EquityMethodInvestmentOtherThanTemporaryImpairmentAfterTax
96000000 USD
lmt Equity Method Investment Other Than Temporary Impairment Dollars Per Share
EquityMethodInvestmentOtherThanTemporaryImpairmentDollarsPerShare
0.34
CY2020Q2 lmt Equity Method Investment Other Than Temporary Impairment Dollars Per Share
EquityMethodInvestmentOtherThanTemporaryImpairmentDollarsPerShare
0.34
CY2020Q2 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
524000000 USD
CY2019Q2 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
368000000 USD
lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
1048000000 USD
lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
736000000 USD
CY2020Q2 lmt Financial Accounting Standards Non Operating Pension Expense
FinancialAccountingStandardsNonOperatingPensionExpense
-55000000 USD
CY2019Q2 lmt Financial Accounting Standards Non Operating Pension Expense
FinancialAccountingStandardsNonOperatingPensionExpense
144000000 USD
lmt Financial Accounting Standards Non Operating Pension Expense
FinancialAccountingStandardsNonOperatingPensionExpense
-110000000 USD
lmt Financial Accounting Standards Non Operating Pension Expense
FinancialAccountingStandardsNonOperatingPensionExpense
288000000 USD
CY2020Q2 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
524000000 USD
CY2019Q2 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
368000000 USD
lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
1048000000 USD
lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
736000000 USD
CY2020Q2 us-gaap Revenues
Revenues
16220000000 USD
CY2020Q2 us-gaap Revenues
Revenues
16220000000 USD
CY2020Q2 us-gaap Revenues
Revenues
16220000000 USD
CY2020Q2 us-gaap Revenues
Revenues
16220000000 USD
us-gaap Revenues
Revenues
31871000000 USD
us-gaap Revenues
Revenues
31871000000 USD
us-gaap Revenues
Revenues
31871000000 USD
us-gaap Revenues
Revenues
31871000000 USD
CY2019Q2 us-gaap Revenues
Revenues
14427000000 USD
CY2019Q2 us-gaap Revenues
Revenues
14427000000 USD
CY2019Q2 us-gaap Revenues
Revenues
14427000000 USD
CY2019Q2 us-gaap Revenues
Revenues
14427000000 USD
us-gaap Revenues
Revenues
28763000000 USD
us-gaap Revenues
Revenues
28763000000 USD
us-gaap Revenues
Revenues
28763000000 USD
us-gaap Revenues
Revenues
28763000000 USD
CY2020Q2 us-gaap Assets
Assets
49603000000 USD
CY2019Q4 us-gaap Assets
Assets
47528000000 USD
CY2020Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
9821000000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
9094000000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7481000000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7054000000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
727000000 USD
us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
CY2020Q2 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
CY2019Q2 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
427000000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1000000000.0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2600000000 USD
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1100000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2900000000 USD
CY2020Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
564000000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
532000000 USD
CY2020Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2644000000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
313000000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
304000000 USD
CY2020Q2 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
3521000000 USD
CY2019Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
3619000000 USD
CY2020Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
638000000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
493000000 USD
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OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
140000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
110000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
280000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
220000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
288000000 USD
CY2019Q2 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
577000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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454000000 USD
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
52000000 USD
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
52000000 USD
CY2020Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
805000000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
810000000 USD
CY2020Q2 us-gaap Recorded Third Party Environmental Recoveries Receivable
RecordedThirdPartyEnvironmentalRecoveriesReceivable
698000000 USD
CY2019Q4 us-gaap Recorded Third Party Environmental Recoveries Receivable
RecordedThirdPartyEnvironmentalRecoveriesReceivable
703000000 USD
lmt Time Period Environmental Costs And Recovery Of Environmental Costs Are Projected Over
TimePeriodEnvironmentalCostsAndRecoveryOfEnvironmentalCostsAreProjectedOver
P20Y
CY2020Q2 lmt Letters Of Credit Surety Bonds And Third Party Guarantees
LettersOfCreditSuretyBondsAndThirdPartyGuarantees
3300000000 USD
CY2019Q4 lmt Letters Of Credit Surety Bonds And Third Party Guarantees
LettersOfCreditSuretyBondsAndThirdPartyGuarantees
3600000000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
1000000000.0 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
7.20
CY2020Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
748000000 USD
CY2019Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
996000000 USD
lmt Percentage Of Guarantees That Relate To Guarantees Of Contractual Performance Of Joint Ventures
PercentageOfGuaranteesThatRelateToGuaranteesOfContractualPerformanceOfJointVentures
0.68
CY2019Q1 lmt Percentage Of Guarantees That Relate To Guarantees Of Contractual Performance Of Joint Ventures
PercentageOfGuaranteesThatRelateToGuaranteesOfContractualPerformanceOfJointVentures
0.76
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
13800000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
13800000000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1100000000 USD
CY2019Q4 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
1400000 shares
CY2020Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1800000000 USD
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2020Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
0 USD
CY2020Q2 us-gaap Dividends Cash
DividendsCash
1400000000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.80
us-gaap Dividends Cash
DividendsCash
2000000000.0 USD
CY2019Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
560000000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
1200000000 USD
lmt Number Of Satellites Launched Or To Be Launched
NumberOfSatellitesLaunchedOrToBeLaunched
3 satellite
CY2019Q2 us-gaap Dividends Cash
DividendsCash
1200000000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.40
us-gaap Dividends Cash
DividendsCash
1900000000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
6.60
CY2019Q2 us-gaap Dividends Cash
DividendsCash
624000000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.20
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.20
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
3000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-148000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
151000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
13000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-469000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
482000000 USD
CY2020Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-110000000 USD
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-227000000 USD
CY2020Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
495000000 USD
CY2019 lmt Number Of Satellites Launched Or To Be Launched
NumberOfSatellitesLaunchedOrToBeLaunched
2 satellite
CY2020Q1 lmt Number Of Satellites Launched Or To Be Launched
NumberOfSatellitesLaunchedOrToBeLaunched
1 satellite
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
150300000000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.37
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.171
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.163
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.156
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.139
CY2020Q2 us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
121000000 USD
us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
267000000 USD
CY2019Q2 us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
96000000 USD
us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
200000000 USD
us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
0 USD
CY2019Q2 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
0 USD
CY2020Q2 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
0 USD
us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
0 USD

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