Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Northrop Grumman Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	2,577)	3,530)	4,907)	2,245)	1,579)
Accounts receivable, net	1,511)	1,467)	1,501)	1,326)	1,448)
Unbilled receivables, net	5,983)	5,492)	5,140)	5,334)	5,026)
Inventoried costs, net	978)	811)	759)	783)	654)
Prepaid expenses and other current assets	1,439)	1,126)	1,402)	997)	973)
Assets of disposal group held for sale	—)	—)	1,635)	—)	—)
Current assets	12,488)	12,426)	15,344)	10,685)	9,680)
Property, plant and equipment, net of accumulated depreciation	8,800)	7,894)	7,071)	6,912)	6,372)
Operating lease right-of-use assets	1,811)	1,655)	1,533)	1,511)	—)
Goodwill	17,516)	17,515)	17,518)	18,708)	18,672)
Intangible assets, net	384)	578)	783)	1,040)	1,372)
Deferred tax assets	162)	200)	311)	508)	94)
Other non-current assets	2,594)	2,311)	1,909)	1,725)	1,463)
Non-current assets	31,267)	30,153)	29,125)	30,404)	27,973)
Total assets	43,755)	42,579)	44,469)	41,089)	37,653)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Northrop Grumman Corp. current assets decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
Property, plant and equipment, net of accumulated depreciation	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Northrop Grumman Corp. property, plant and equipment, net of accumulated depreciation increased from 2020 to 2021 and from 2021 to 2022.
Non-current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Northrop Grumman Corp. non-current assets increased from 2020 to 2021 and from 2021 to 2022.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Northrop Grumman Corp. total assets decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Northrop Grumman Corp. cash and cash equivalents decreased from 2020 to 2021 and from 2021 to 2022.
Accounts receivable, net	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Northrop Grumman Corp. accounts receivable, net decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Inventoried costs, net	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Northrop Grumman Corp. inventoried costs, net increased from 2020 to 2021 and from 2021 to 2022.

Northrop Grumman Corp. (NYSE:NOC)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items