$LMT
LOCKHEED MARTIN CORP

2021 Q4 Form 10-K Financial Statement

#000093646822000008 Filed on January 25, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $17.73B $67.04B $17.03B
YoY Change 4.09% 2.52% 7.27%
Cost Of Revenue $15.31B $57.98B $14.79B
YoY Change 3.49% 2.18% 7.53%
Gross Profit $2.422B $9.061B $2.241B
YoY Change 8.08% 4.7% 5.56%
Gross Profit Margin 13.66% 13.52% 13.16%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $1.500B
YoY Change 15.38%
% of Gross Profit 16.55%
Depreciation & Amortization $365.0M $904.0M $363.0M
YoY Change 0.55% 5.98% 12.73%
% of Gross Profit 15.07% 9.98% 16.2%
Operating Expenses -$33.00M $1.500B -$75.00M
YoY Change -56.0% 15.38% 188.46%
Operating Profit $2.455B $9.123B $2.289B
YoY Change 7.25% 5.54% 6.51%
Interest Expense -$61.00M $569.0M -$149.0M
YoY Change -59.06% -3.72% -5.1%
% of Operating Profit -2.48% 6.24% -6.51%
Other Income/Expense, Net $96.00M $288.0M $47.00M
YoY Change 104.26% -878.38% -129.38%
Pretax Income $2.490B $7.550B $2.187B
YoY Change 13.85% -8.32% 19.38%
Income Tax $441.0M $1.235B $395.0M
% Of Pretax Income 17.71% 16.36% 18.06%
Net Earnings $2.049B $6.315B $1.792B
YoY Change 14.34% -7.58% 19.63%
Net Earnings / Revenue 11.56% 9.42% 10.52%
Basic Earnings Per Share $22.85 $6.41
Diluted Earnings Per Share $7.475M $22.76 $6.38
COMMON SHARES
Basic Shares Outstanding 275.8M shares 276.4M shares 279.8M shares
Diluted Shares Outstanding 277.4M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.604B $3.604B $3.160B
YoY Change 14.05% 14.05% 108.72%
Cash & Equivalents $3.604B $3.604B $3.160B
Short-Term Investments
Other Short-Term Assets $688.0M $688.0M $1.150B
YoY Change -40.17% -40.17% 116.57%
Inventory $2.981B $2.981B $3.545B
Prepaid Expenses
Receivables $12.54B $12.54B $11.52B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.82B $19.82B $19.38B
YoY Change 2.26% 2.26% 13.35%
LONG-TERM ASSETS
Property, Plant & Equipment $7.597B $8.897B $7.213B
YoY Change 5.32% 23.35% 9.44%
Goodwill $10.81B $10.81B
YoY Change 0.06% 1.9%
Intangibles $2.706B $3.012B
YoY Change -10.16% -6.26%
Long-Term Investments $689.0M $2.789B $784.0M
YoY Change -12.12% -34.67%
Other Assets $7.652B $8.642B $6.826B
YoY Change 12.1% -16.11% 1.79%
Total Long-Term Assets $31.06B $31.06B $31.33B
YoY Change -0.87% -0.87% 2.95%
TOTAL ASSETS
Total Short-Term Assets $19.82B $19.82B $19.38B
Total Long-Term Assets $31.06B $31.06B $31.33B
Total Assets $50.87B $50.87B $50.71B
YoY Change 0.32% 0.32% 6.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $780.0M $780.0M $880.0M
YoY Change -11.36% -11.36% -31.3%
Accrued Expenses $3.108B $3.408B $3.418B
YoY Change -9.07% -0.29% 26.08%
Deferred Revenue $8.107B $7.545B
YoY Change 7.45% 6.96%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $6.000M $500.0M
YoY Change -98.8% -98.8% -60.0%
Total Short-Term Liabilities $14.00B $14.00B $13.93B
YoY Change 0.46% 0.46% -0.28%
LONG-TERM LIABILITIES
Long-Term Debt $11.67B $11.67B $11.67B
YoY Change 0.01% 0.01% 2.32%
Other Long-Term Liabilities $5.928B $14.25B $6.196B
YoY Change -4.33% -25.29% 7.81%
Total Long-Term Liabilities $17.60B $25.92B $17.87B
YoY Change -1.49% -15.69% 4.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.00B $14.00B $13.93B
Total Long-Term Liabilities $17.60B $25.92B $17.87B
Total Liabilities $39.91B $39.91B $44.67B
YoY Change -10.65% -10.7% 0.71%
SHAREHOLDERS EQUITY
Retained Earnings $21.60B $21.64B
YoY Change -0.17% 17.58%
Common Stock $365.0M $500.0M
YoY Change -27.0% 78.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.96B $10.96B $6.015B
YoY Change
Total Liabilities & Shareholders Equity $50.87B $50.87B $50.71B
YoY Change 0.32% 0.32% 6.7%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $2.049B $6.315B $1.792B
YoY Change 14.34% -7.58% 19.63%
Depreciation, Depletion And Amortization $365.0M $904.0M $363.0M
YoY Change 0.55% 5.98% 12.73%
Cash From Operating Activities $4.268B $9.221B $1.807B
YoY Change 136.19% 12.68% 21.28%
INVESTING ACTIVITIES
Capital Expenditures -$607.0M -$1.522B -$722.0M
YoY Change -15.93% -13.82% 12.29%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $65.00M -$361.0M -$271.0M
YoY Change -123.99% 850.0% -232.2%
Cash From Investing Activities -$542.0M -$1.161B -$993.0M
YoY Change -45.42% -42.24% 126.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.100B
YoY Change 272.73%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.849B -$7.616B -1.239B
YoY Change 129.94% 68.24% -40.35%
NET CHANGE
Cash From Operating Activities 4.268B $9.221B 1.807B
Cash From Investing Activities -542.0M -$1.161B -993.0M
Cash From Financing Activities -2.849B -$7.616B -1.239B
Net Change In Cash 877.0M $444.0M -425.0M
YoY Change -306.35% -73.03% -58.54%
FREE CASH FLOW
Cash From Operating Activities $4.268B $9.221B $1.807B
Capital Expenditures -$607.0M -$1.522B -$722.0M
Free Cash Flow $4.875B $10.74B $2.529B
YoY Change 92.76% 7.98% 18.57%

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279000000 USD
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
94000000 USD
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
221000000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
21600000000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
21636000000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-11006000000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
10959000000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
6015000000 USD
CY2021Q4 us-gaap Minority Interest
MinorityInterest
0 USD
CY2020Q4 us-gaap Minority Interest
MinorityInterest
23000000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10959000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6038000000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50873000000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50710000000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
6315000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
6833000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
6230000000 USD
CY2021 lmt Depreciation And Amortization Including Discontinued Operations
DepreciationAndAmortizationIncludingDiscontinuedOperations
1364000000 USD
CY2020 lmt Depreciation And Amortization Including Discontinued Operations
DepreciationAndAmortizationIncludingDiscontinuedOperations
1290000000 USD
CY2019 lmt Depreciation And Amortization Including Discontinued Operations
DepreciationAndAmortizationIncludingDiscontinuedOperations
1189000000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
227000000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
221000000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
189000000 USD
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
128000000 USD
CY2019 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2020 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-55000000 USD
CY2019 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-183000000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
222000000 USD
CY2021 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-1665000000 USD
CY2020 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
0 USD
CY2019 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
0 USD
CY2021 lmt Severance And Restructuring Costs
SeveranceAndRestructuringCosts
36000000 USD
CY2020 lmt Severance And Restructuring Costs
SeveranceAndRestructuringCosts
27000000 USD
CY2019 lmt Severance And Restructuring Costs
SeveranceAndRestructuringCosts
0 USD
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2020 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2019 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
51000000 USD
CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-15000000 USD
CY2020 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-359000000 USD
CY2019 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-107000000 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1034000000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
451000000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-378000000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-564000000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-74000000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
622000000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-98000000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-372000000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1098000000 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
562000000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
491000000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
563000000 USD
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
45000000 USD
CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-19000000 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-151000000 USD
CY2021 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-267000000 USD
CY2020 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-1197000000 USD
CY2019 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
81000000 USD
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-10000000 USD
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-739000000 USD
CY2019 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-274000000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9221000000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8183000000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7311000000 USD
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1522000000 USD
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1766000000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1484000000 USD
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
282000000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-361000000 USD
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-38000000 USD
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-38000000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-243000000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1161000000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2010000000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1241000000 USD
CY2021 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
0 USD
CY2020 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
0 USD
CY2019 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
600000000 USD
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1131000000 USD
CY2019 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
500000000 USD
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
1650000000 USD
CY2019 us-gaap Repayments Of Debt
RepaymentsOfDebt
900000000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4087000000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1100000000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1200000000 USD
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2940000000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2764000000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2556000000 USD
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-89000000 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-144000000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-72000000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7616000000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4527000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5328000000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
444000000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1646000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
742000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3160000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1514000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
772000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3604000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3160000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1514000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1449000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
6230000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1233000000 USD
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1200000000 USD
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
9.00
CY2019 us-gaap Dividends Cash
DividendsCash
2550000000 USD
CY2019 lmt Stock Based Awards And Esop Activity
StockBasedAwardsAndESOPActivity
486000000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
11000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3171000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
6833000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-567000000 USD
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1100000000 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
9.80
CY2020 us-gaap Dividends Cash
DividendsCash
2757000000 USD
CY2020 lmt Stock Based Awards And Esop Activity
StockBasedAwardsAndESOPActivity
479000000 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
21000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6038000000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
6315000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5115000000 USD
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4087000000 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
10.60
CY2021 us-gaap Dividends Cash
DividendsCash
2944000000 USD
CY2021 lmt Stock Based Awards And Esop Activity
StockBasedAwardsAndESOPActivity
545000000 USD
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
23000000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10959000000 USD
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> – We prepare our consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP). In doing so, we are required to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We base these estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Our actual results may differ materially from these estimates. Significant estimates inherent in the preparation of our consolidated financial statements include, but are not limited to, accounting for sales and cost recognition; postretirement benefit plans; environmental liabilities and assets for the portion of environmental costs that are probable of future recovery; evaluation of goodwill, intangible assets, investments and other assets for impairment; income taxes including deferred income taxes; fair value measurements; and contingencies.</span>
CY2021 lmt Revenue From Contract With Customer Number Of Contract Types
RevenueFromContractWithCustomerNumberOfContractTypes
3 contract
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
135400000000 USD
CY2021 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
2200000000 USD
CY2020 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
2000000000 USD
CY2019 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
2200000000 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1500000000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1300000000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1300000000 USD
CY2021 us-gaap Depreciation
Depreciation
904000000 USD
CY2020 us-gaap Depreciation
Depreciation
853000000 USD
CY2019 us-gaap Depreciation
Depreciation
794000000 USD
CY2021Q4 lmt Capitalized Internal Use Software Net
CapitalizedInternalUseSoftwareNet
777000000 USD
CY2020Q4 lmt Capitalized Internal Use Software Net
CapitalizedInternalUseSoftwareNet
686000000 USD
CY2021Q4 lmt Capitalized Internal Use Software Accumulated Amortization
CapitalizedInternalUseSoftwareAccumulatedAmortization
2300000000 USD
CY2020Q4 lmt Capitalized Internal Use Software Accumulated Amortization
CapitalizedInternalUseSoftwareAccumulatedAmortization
2200000000 USD
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
175000000 USD
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
166000000 USD
CY2019 us-gaap Adjustment For Amortization
AdjustmentForAmortization
111000000 USD
CY2021Q4 us-gaap Trading Securities
TradingSecurities
2100000000 USD
CY2020Q4 us-gaap Trading Securities
TradingSecurities
2000000000 USD
CY2021 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
205000000 USD
CY2020 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
231000000 USD
CY2019 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
233000000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
465000000 USD
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
173000000 USD
CY2021 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
265000000 USD
CY2021 lmt Equity Securities Fvni Realized Gain Loss Net Of Tax
EquitySecuritiesFVNIRealizedGainLossNetOfTax
199000000 USD
CY2021 lmt Equity Securities Fvni Realized Gain Loss Net Of Tax Amount Per Share
EquitySecuritiesFVNIRealizedGainLossNetOfTaxAmountPerShare
0.72
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
689000000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
784000000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
97000000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
163000000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
154000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
10800000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
10800000000 USD
CY2021 lmt Severance And Restructuring Costs
SeveranceAndRestructuringCosts
36000000 USD
CY2021 lmt Severance And Restructuring Costs After Tax
SeveranceAndRestructuringCostsAfterTax
28000000 USD
CY2021 lmt Severance And Restructuring Costs Per Share After Tax
SeveranceAndRestructuringCostsPerShareAfterTax
0.10
CY2020 lmt Severance Charges
SeveranceCharges
27000000 USD
CY2020 lmt Severance Charges After Tax
SeveranceChargesAfterTax
21000000 USD
CY2020 lmt Severance Charges Per Share After Tax
SeveranceChargesPerShareAfterTax
0.08
CY2021 lmt Time Period Environmental Costs And Recovery Of Environmental Costs Are Projected Over
TimePeriodEnvironmentalCostsAndRecoveryOfEnvironmentalCostsAreProjectedOver
P20Y
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
276400000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
280000000.0 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
282000000.0 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000.0 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1200000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1800000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
277400000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
281200000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
283800000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 retiree
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
9123000000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
8644000000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
8545000000 USD
CY2021 lmt Severance And Restructuring Costs
SeveranceAndRestructuringCosts
36000000 USD
CY2021 lmt Severance And Restructuring Costs After Tax
SeveranceAndRestructuringCostsAfterTax
28000000 USD
CY2021 lmt Severance And Restructuring Costs Per Share After Tax
SeveranceAndRestructuringCostsPerShareAfterTax
0.10
CY2020 lmt Severance And Restructuring Costs
SeveranceAndRestructuringCosts
27000000 USD
CY2020 lmt Severance And Restructuring Costs After Tax
SeveranceAndRestructuringCostsAfterTax
21000000 USD
CY2020 lmt Severance And Restructuring Costs Per Share After Tax
SeveranceAndRestructuringCostsPerShareAfterTax
0.08
CY2021 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
668000000 USD
CY2020 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
2095000000 USD
CY2019 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
1472000000 USD
CY2021 lmt Financial Accounting Standards Non Operating Pension Expense Income
FinancialAccountingStandardsNonOperatingPensionExpenseIncome
1292000000 USD
CY2020 lmt Financial Accounting Standards Non Operating Pension Expense Income
FinancialAccountingStandardsNonOperatingPensionExpenseIncome
-219000000 USD
CY2019 lmt Financial Accounting Standards Non Operating Pension Expense Income
FinancialAccountingStandardsNonOperatingPensionExpenseIncome
577000000 USD
CY2021 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
668000000 USD
CY2020 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
2095000000 USD
CY2019 lmt Fas Cas Pension Adjustment
FasCasPensionAdjustment
1472000000 USD
CY2021 lmt Non Cash Non Operating Pension Settlement Charge
NonCashNonOperatingPensionSettlementCharge
1700000000 USD
CY2021 lmt Non Cash Non Operating Pension Settlement Charge After Tax
NonCashNonOperatingPensionSettlementChargeAfterTax
1300000000 USD
CY2021 lmt Non Cash Non Operating Pension Settlement Charge Per Share After Tax
NonCashNonOperatingPensionSettlementChargePerShareAfterTax
4.72
CY2021Q3 lmt Defined Benefit Plan Pension Plan Benefit Obligation Plan Assets Outstanding
DefinedBenefitPlanPensionPlanBenefitObligationPlanAssetsOutstanding
4900000000 USD
CY2021 us-gaap Revenues
Revenues
67044000000 USD
CY2021 us-gaap Revenues
Revenues
67044000000 USD
CY2021 us-gaap Revenues
Revenues
67044000000 USD
CY2021 us-gaap Revenues
Revenues
67044000000 USD
CY2020 us-gaap Revenues
Revenues
65398000000 USD
CY2020 us-gaap Revenues
Revenues
65398000000 USD
CY2020 us-gaap Revenues
Revenues
65398000000 USD
CY2020 us-gaap Revenues
Revenues
65398000000 USD
CY2019 us-gaap Revenues
Revenues
59812000000 USD
CY2019 us-gaap Revenues
Revenues
59812000000 USD
CY2019 us-gaap Revenues
Revenues
59812000000 USD
CY2019 us-gaap Revenues
Revenues
59812000000 USD
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1522000000 USD
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1766000000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1484000000 USD
CY2021 us-gaap Depreciation And Amortization
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1100000000 USD
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