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Document And Entity Information	9 Months Ended
Document And Entity Information	Sep. 25, 2011 shares
Document And Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 25, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Trading Symbol	LMT
Entity Registrant Name	LOCKHEED MARTIN CORP
Entity Central Index Key	0000936468
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	323,570,483

Condensed Consolidated Statements Of Earnings - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2011	Sep. 26, 2010	Sep. 25, 2011	Sep. 26, 2010
Net Sales
Products	$ 9,680	$ 8,948	$ 27,293	$ 26,269
Services	2,439	2,395	6,995	6,641
Total net sales	12,119	11,343	34,288	32,910
Cost of Sales
Products	(8,667)	(8,017)	(24,361)	(23,469)
Services	(2,138)	(2,156)	(6,241)	(6,003)
Severance charges	(39)	(178)	(136)	(178)
Other unallocated corporate costs	(279)	(203)	(834)	(529)
Total cost of sales	(11,123)	(10,554)	(31,572)	(30,179)
Gross profit	996	789	2,716	2,731
Other income, net	45	88	182	203
Operating Profit	1,041	877	2,898	2,934
Interest expense	(89)	(85)	(258)	(258)
Other non-operating income (expense), net	(3)	37	25	46
Earnings from continuing operations before income taxes	949	829	2,665	2,722
Income tax expense	(284)	(272)	(696)	(929)
Net earnings from continuing operations	665	557	1,969	1,793
Net earnings from discontinued operations	35	3	3	124
Net Earnings	$ 700	$ 560	$ 1,972	$ 1,917
Basic
Continuing operations, in USD per common share	$ 2.01	$ 1.55	$ 5.78	$ 4.88
Discontinued operations, in USD per common share	0.11	0.01	0.01	0.34
Basic earnings per common share in USD	2.12	1.56	5.79	5.22
Diluted
Continuing operations, in USD per common share	1.99	1.53	5.72	4.84
Discontinued operations, in USD per common share	0.11	0.01	0.01	0.33
Diluted earnings per common share in USD	2.10	1.54	5.73	5.17
Cash Dividends Paid Per Common Share in USD	$ 0.75	$ 0.63	$ 2.25	$ 1.89

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 25, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents	$ 4,564	$ 2,261
Short-term investments	3	516
Receivables, net	6,523	5,692
Inventories	1,789	2,363
Deferred income taxes	1,184	1,147
Other current assets	606	518
Assets of discontinued operation held for sale		396
Total current assets	14,669	12,893
Property, plant and equipment, net	4,428	4,554
Goodwill	9,606	9,605
Deferred income taxes	3,096	3,485
Other assets	4,388	4,576
Total assets	36,187	35,113
Liabilities and Stockholders' Equity
Accounts payable	2,328	1,627
Customer advances and amounts in excess of costs incurred	5,544	5,890
Salaries, benefits and payroll taxes	1,800	1,870
Current portion of long-term debt	500
Other current liabilities	1,972	1,810
Liabilities of discontinued operation held for sale		204
Total current liabilities	12,144	11,401
Long-term debt, net	6,538	5,019
Accrued pension liabilities	9,979	10,607
Other postretirement benefit liabilities	1,254	1,213
Other liabilities	3,329	3,376
Total liabilities	33,244	31,616
Stockholders' equity
Common stock, $1 par value per share	321	346
Additional paid-in capital
Retained earnings	11,189	12,161
Accumulated other comprehensive loss	(8,567)	(9,010)
Total stockholders' equity	2,943	3,497
Total liabilities and stockholders' equity	$ 36,187	$ 35,113

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 25, 2011	Dec. 31, 2010
Condensed Consolidated Balance Sheets
Common stock par value, per share (in USD)	$ 1	$ 1

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 25, 2011	Sep. 26, 2010
Operating Activities
Net earnings	$ 1,972	$ 1,917
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization of plant and equipment	524	539
Amortization of purchased intangibles	60	74
Stock-based compensation	116	100
Deferred income taxes	178	354
Severance charges	136	178
Reduction in tax expense from resolution of certain tax matters	(89)
Tax benefit related to discontinued operations	(81)	(96)
Tax expense related to Medicare Part D reimbursement		96
Changes in operating assets and liabilities
Receivables, net	(853)	(483)
Inventories	575	60
Accounts payable	707	354
Customer advances and amounts in excess of costs incurred	(342)	26
Postretirement benefit plans	134	(344)
Income taxes	7	161
Other, net	(6)	451
Net cash provided by operating activities	3,038	3,387
Investing Activities
Expenditures for property, plant and equipment	(443)	(394)
Net cash provided by (used for) short-term investment transactions	510	(421)
Other, net	270	(52)
Net cash provided by (used for) investing activities	337	(867)
Financing Activities
Issuance of long-term debt, net of related costs	1,980
Repurchases of common stock	(2,317)	(1,566)
Common stock dividends	(770)	(700)
Issuances of common stock and related amounts	90	57
Other	(46)	(47)
Net cash used for financing activities	(1,063)	(2,256)
Effect of exchange rate changes on cash and cash equivalents	(9)	1
Net increase in cash and cash equivalents	2,303	265
Cash and cash equivalents at beginning of period	2,261	2,391
Cash and cash equivalents at end of period	$ 4,564	$ 2,656

Condensed Consolidated Statements Of Stockholders' Equity - USD ($) $ in Millions	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Balance (Scenario, Previously Reported [Member]) at Dec. 31, 2009	$ 373		$ 12,351	$ (8,595)	$ 4,129
Balance (Change In Accounting Principle [Member]) at Dec. 31, 2009			(163)		(163)
Balance at Dec. 31, 2009	373		12,188	(8,595)	3,966
Net earnings			1,917		1,917
Repurchases of common stock	(20)	$ (375)	(1,171)		(1,566)
Common stock dividends declared			(973)		(973)
Stock-based awards and ESOP activity	5	375			380
Other comprehensive income				352	352
Balance at Sep. 26, 2010	358		11,961	(8,243)	4,076
Balance (Scenario, Previously Reported [Member]) at Dec. 31, 2010	346		12,372	(9,010)	3,708
Balance (Change In Accounting Principle [Member]) at Dec. 31, 2010			(211)		(211)
Balance at Dec. 31, 2010	346		12,161	(9,010)	3,497
Net earnings			1,972		1,972
Repurchases of common stock	(30)	(387)	(1,846)		(2,263)
Common stock dividends declared			(1,098)		(1,098)
Stock-based awards and ESOP activity	5	$ 387			392
Other comprehensive income				443	443
Balance at Sep. 25, 2011	$ 321		$ 11,189	$ (8,567)	$ 2,943

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

This element represents Other Comprehensive Income or Loss, Net of Tax, for the period. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.

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+ Details

Basis Of Presentation	9 Months Ended
Basis Of Presentation	Sep. 25, 2011
Basis Of Presentation
Basis Of Presentation	NOTE 1 – BASIS OF PRESENTATION We prepared the condensed consolidated financial statements in this Form 10-Q in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. We followed the accounting policies used and disclosed in the consolidated financial statements included in our Form 10-K for the year ended December 31, 2010 (2010 Form 10-K) filed with the Securities and Exchange Commission, except as described below. We close our books and records on the Sunday prior to the end of the calendar quarter to align our financial closing with our business processes. The interim financial statements and tables of financial information included herein are labeled based on that convention. This practice only affects interim periods, as our fiscal years end on December 31. The interim financial information in this Form 10-Q reflects all adjustments, consisting of normal recurring adjustments, except as otherwise disclosed, necessary for a fair presentation of our results of operations for the interim periods presented. We have reclassified certain amounts in prior periods to conform to the current year presentation. The results of operations for the quarter or nine months ended September 25, 2011 are not necessarily indicative of results to be expected for the full year. Unless otherwise noted, we present all per share amounts cited in these consolidated financial statements on a "per diluted share" basis from continuing operations. *Change in Accounting Principle* On January 1, 2011, we changed the way we account for our services contracts with the U.S. Government. We now recognize sales on those contracts using the percentage-of-completion (POC) method that we use on our product contracts with the U.S. Government, such that approximately 95% of our sales are recognized under the POC method. All prior period amounts have been adjusted to reflect the new method of accounting. The effect of this change in accounting was not material to our consolidated results of operations or financial position for any period, including the quarters and nine months ended September 25, 2011 and September 26, 2010, and did not impact cash flows. We reduced retained earnings by $211 million at December 31, 2010 to reflect the cumulative effect of adopting the new method. This adjustment reflects the inception-to-date timing differences between the two methods. Specifically, under the POC method, we typically record sales based on costs incurred and an estimated profit margin instead of recording sales ratably over the contract period. We record a loss on a contract in the period it is determined to be probable rather than recording a loss each period over the contract life, and recognize expected award fees over the contract period instead of when notified by the customer of the amount awarded. We believe the POC method is preferable to the service accounting method we previously used, as consistent sales recognition for all contracts with the U.S. Government better reflects the underlying economics of those contracts and aligns our financial reporting with other companies in our industry. We classify net sales as products or services on our Statements of Earnings based on the attributes of the underlying contracts. *Adoption of New Accounting Standard* On January 1, 2011, we prospectively adopted a new accounting standard that revised accounting guidance related to sales arrangements with multiple deliverables. This standard potentially applies to new or materially modified contracts that are not accounted for under the POC method described above. The adoption did not have a material effect on our financial results in the quarter and nine months ended September 25, 2011, and is not expected to have a material effect in future periods.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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Certain Matters Included In Earnings	9 Months Ended
Certain Matters Included In Earnings	Sep. 25, 2011
Certain Matters Included In Earnings
Certain Matters Included In Earnings	NOTE 2 – CERTAIN MATTERS INCLUDED IN EARNINGS *Severance Charges* During the quarter and nine months ended September 25, 2011, we recorded severance charges totaling $39 million and $136 million, net of state tax benefits. The severance charges recorded in the third quarter of 2011 related to our Information Systems & Global Solutions (IS&GS) business segment and Corporate Headquarters. In the second quarter of 2011, we recorded severance charges totaling $97 million, net of state tax benefits, of which $49 million and $48 million related to our Aeronautics and Space Systems business segments. These charges reduced our net earnings in the third quarter by $25 million ($.07 per share) and for the nine-month period by $88 million ($.25 per share). The charges consisted of severance costs associated with the planned elimination of certain positions through either voluntary or involuntary actions. Upon separation, terminated employees will receive lump-sum severance payments based on years of service, which are expected to be paid through the first half of 2012. These severance actions resulted from a strategic review of these businesses and our Corporate Headquarters to better align our organization and cost structure with changing economic conditions. The workforce reductions at the business segments also reflect changes in program lifecycles, where several of our major programs are transitioning out of development and into production, and certain programs are ending. In the third quarter of 2011, we made approximately half of the severance payments associated with the severance charge related to Space Systems. As of September 25, 2011, no other significant payments associated with the severance actions noted above have been made. In the third quarter of 2010, we recorded a severance charge of $178 million, net of state income tax benefits, related to the Voluntary Executive Separation Program (VESP). The charge, which included lump-sum special payments for qualifying executives, reduced our net earnings by $116 million ($.32 per share for the third quarter and $.31 per share for the nine-month period). The effective date of termination of employment for most participants was February 1, 2011, with the lump-sum special payments to be made within 90 days from separation of service. As of September 25, 2011, substantially all payments under the VESP have been made. *Income Tax Items* In April 2011, the U.S. Congressional Joint Committee on Taxation completed its review of the Internal Revenue Service (IRS) Appeals Division's resolution of certain adjustments related to our tax years 2003-2008. As a result, during the second quarter of 2011, we recorded a reduction in our income tax expense of $89 million ($.26 per share for the nine months ended September 25, 2011), through the elimination of liabilities for unrecognized tax benefits. The remaining balance of our unrecognized tax benefits as of September 25, 2011 is not material. In March 2010, the President signed into law the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. Beginning January 1, 2013, these laws change the tax treatment for retiree prescription drug expenses by eliminating the tax deduction available to the extent that those expenses are reimbursed under Medicare Part D. Because the tax benefits associated with these future deductions were reflected as deferred tax assets, the elimination of the tax deductions resulted in a reduction in deferred tax assets and an increase in income tax expense for the first quarter of 2010 of $96 million ($.26 per share for the nine months ended September 26, 2010).

Discontinued Operations

9 Months Ended

Sep. 25, 2011

Discontinued Operations

Discontinued Operations

NOTE 3 – DISCONTINUED OPERATIONS

During the third quarter of 2011, we committed to a plan to sell Savi Technology, Inc. (Savi), a logistics business within our Electronic Systems business segment. The operating results of Savi are included in discontinued operations on our Statements of Earnings for all periods presented, as we believe that the sale of Savi within the next twelve months is probable. The assets and liabilities of Savi have not been classified as held for sale on our September 25, 2011 Balance Sheet, as the amounts are not material.

In June 2010, we announced plans to divest Pacific Architects and Engineers, Inc. (PAE) and most of our Enterprise Integration Group (EIG), two businesses within our IS&GS business segment. In November 2010, we closed on the sale of EIG. In April 2011, we closed on the sale of PAE for cash and the beneficial interest in certain receivables. Additional amounts related to the completion of certain post-closing items, such as working capital adjustments, may be recorded in discontinued operations in periods subsequent to the sale dates. EIG's operating results are included in discontinued operations on our Statements of Earnings for the quarter and nine months ended September 26, 2010. PAE's operating results are included in discontinued operations on our Statements of Earnings for the quarter and nine months ended September 26, 2010 and through the date of sale in 2011. PAE's assets and liabilities are classified as held for sale on our December 31, 2010 Balance Sheet.

As a result of our decision to sell PAE and Savi, we were required to record deferred tax assets to reflect the tax benefit that we expected to realize on the sale of those businesses because our tax basis was higher than our book basis. Accordingly, we recorded a $15 million deferred tax asset in the first quarter of 2011 and a $96 million deferred tax asset in the second quarter of 2010 related to PAE, and we recorded a $66 million deferred tax asset in the third quarter of 2011 related to Savi. These amounts are included in "Adjustments from planned sale of businesses" in the table below, which also includes other charges associated with Savi in the third quarter of 2011 and the sale of PAE that were incurred in the quarter and nine months ended September 25, 2011.

In the following table, we have combined the results of operations of PAE, EIG, and Savi, as the amounts for the individual businesses are not material. Summary financial information related to discontinued operations is as follows:


	Quarter Ended					Nine Months Ended
	September 25, 2011			September 26, 2010		September 25, 2011			September 26, 2010
	*(In millions)*
Net sales	$	17		$	285	$	184		$	932
Earnings (loss) before income taxes	$	(4	)	$	6	$	(35	)	$	45

Earnings (loss) after income taxes	$	(2	)	$	3	$	(24	)	$	28
Adjustments from planned sale of businesses		37			—		27			96

Net earnings from discontinued operations	$	35		$	3	$	3		$	124

The major classes of assets and liabilities related to PAE and classified as held for sale on our December 31, 2010 Balance Sheet consisted of the following: receivables, net of $253 million, goodwill and other assets of $143 million, accounts payable and accrued expenses of $125 million, and other liabilities of $79 million.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43-48
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+ Details

Earnings Per Common Share

9 Months Ended

Sep. 25, 2011

Earnings Per Common Share

Earnings Per Common Share

NOTE 4 – EARNINGS PER COMMON SHARE

We compute basic and diluted earnings per share amounts based on net earnings for the periods presented. We use the weighted average number of common shares outstanding during the period to calculate basic earnings per share. Our calculation of diluted per share amounts includes the dilutive effects of stock options and restricted stock units based on the treasury stock method. Basic and diluted weighted average shares outstanding were as follows:

Quarter Ended

Nine Months Ended

September 25,
2011

September 26,
2010

September 25,
2011

September 26,
2010

(In millions)

Average number of common shares outstanding for basic computations

329.8

360.1

340.4

367.1

Dilutive stock options and restricted stock units

3.8

3.8

3.9

4.0

Average number of common shares outstanding for diluted computations

333.6

363.9

344.3

371.1

Stock options to purchase 16.8 million shares of common stock for both the quarter and nine months ended September 25, 2011 and 14.6 million shares of common stock for both the quarter and nine months ended September 26, 2010 were not included in the computation of diluted weighted average shares outstanding, as their effect would have been anti-dilutive.

Business Segment Information

9 Months Ended

Sep. 25, 2011

Business Segment Information

Business Segment Information

NOTE 5 – BUSINESS SEGMENT INFORMATION

We operate in four principal business segments: Aeronautics, Electronic Systems, IS&GS, and Space Systems. We organize our business segments based on the nature of the products and services offered.

The operating results in the following table for all periods presented excludes the PAE and EIG businesses from the IS&GS business segment information and the Savi business from the Electronics Systems business segment information (Note 3). Also, the financial information in the following table for 2010 has been adjusted to reflect our change in the methodology for recognizing net sales for services contracts with the U.S. Government (Note 1).

The following table presents net sales and operating profit of our four business segments. Net sales exclude intersegment revenue, as these activities are eliminated in consolidation. Intercompany transactions are generally negotiated under terms and conditions similar to other government and commercial contracts. Operating profit of the business segments includes the equity earnings or losses from investees in which certain of our business segments hold equity interests, because the activities of the investees are closely aligned with the operations of those segments.

Operating profit of the business segments excludes the FAS/CAS pension adjustment (defined below); expense for certain stock-based compensation programs, including costs for stock options and restricted stock units; the effects of items not considered part of management's evaluation of segment operating performance, such as severance charges (Note 2); gains or losses from divestitures (Note 3); the effects of legal settlements; corporate costs not allocated to the business segments; and other miscellaneous corporate activities. The items other than severance charges are included in "Other unallocated corporate expense, net" in the following table which reconciles operating profit from the business segments to operating profit in our Statements of Earnings. Severance charges are presented as a separate reconciling item.

The results of operations of our business segments include pension expense only as determined and funded in accordance with U.S. Government Cost Accounting Standards (CAS) rules. The FAS/CAS pension adjustment represents the difference between pension expense or income calculated under financial accounting standards (FAS) in accordance with GAAP and pension expense calculated and funded in accordance with CAS. CAS is a major factor in determining our pension funding requirements, and governs the extent to which pension costs can be allocated to and recovered on U.S. Government contracts. The CAS expense is recovered through the pricing of our products and services on U.S. Government contracts and, therefore, is recognized in each of our business segments' net sales and cost of sales.

Selected Financial Data by Business Segment


Quarter Ended						Nine Months Ended
	September 25, 2011			September 26, 2010			September 25, 2011			September 26, 2010
	*(In millions)*
Net sales
Aeronautics	$	3,995		$	3,294		$	10,600		$	9,377
Electronic Systems		3,633			3,556			10,832			10,290
Information Systems & Global Solutions		2,323			2,525			6,833			7,281
Space Systems		2,168			1,968			6,023			5,962

Total	$	12,119		$	11,343		$	34,288		$	32,910

Operating profit
Aeronautics	$	447		$	389		$	1,178		$	1,090
Electronic Systems		444			428			1,348			1,252
Information Systems & Global Solutions		213			208			620			615
Space Systems		251			236			731			689

Total business segments		1,355			1,261			3,877			3,646

Severance charges		(39	)		(178	)		(136	)		(178	)
Other unallocated corporate expense, net		(275	)		(206	)		(843	)		(534	)

Total	$	1,041		$	877		$	2,898		$	2,934

Intersegment revenue
Aeronautics	$	58		$	16		$	140		$	90
Electronic Systems		266			249			770			698
Information Systems & Global Solutions		227			239			635			690
Space Systems		30			28			81			88

Total	$	581		$	532		$	1,626		$	1,566


	September 25, 2011		December 31, 2010
	*(In millions)*
Assets
Aeronautics	$	5,644	$	5,231
Electronic Systems		9,899		9,925
Information Systems & Global Solutions		5,332		5,463
Space Systems		3,177		3,041

Total business segments		24,052		23,660
Corporate assets ⁽ ¹ ⁾		12,135		11,057
Assets of discontinued operation held for sale		—		396

Total	$	36,187	$	35,113

(1)	Corporate assets primarily include cash and cash equivalents, short-term investments, deferred income taxes, environmental assets, and investments held in a Rabbi Trust.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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+ Details

Inventories

9 Months Ended

Sep. 25, 2011

Inventories

Inventories

NOTE 6 – INVENTORIES

Inventories consisted of the following components:


	September 25, 2011			December 31, 2010
	(In millions)
Work-in-process, primarily related to long-term contracts and programs in progress	$	6,801		$	6,508
Less: Customer advances and progress payments		(5,317	)		(4,788	)

		1,484			1,720
Other inventories		305			643

Total inventories	$	1,789		$	2,363

Postretirement Benefit Plans

9 Months Ended

Sep. 25, 2011

Postretirement Benefit Plans

Postretirement Benefit Plans

NOTE 7 – POSTRETIREMENT BENEFIT PLANS

The net pension cost and the net postretirement benefit cost related to our qualified defined benefit pension plans and our retiree medical and life insurance plans include the following components:


	Quarter Ended						Nine Months Ended
	September 25, 2011			September 26, 2010			September 25, 2011			September 26, 2010
	(In millions)
Qualified defined benefit pension plans
Service cost	$	244		$	226		$	731		$	677
Interest cost		479			469			1,438			1,407
Expected return on plan assets		(509	)		(506	)		(1,525	)		(1,520	)
Amortization of prior service cost		21			21			62			62
Recognized net actuarial losses		220			148			660			446

Total net pension expense	$	455		$	358		$	1,366		$	1,072


Retiree medical and life insurance plans
Service cost	$	8		$	9		$	24		$	27
Interest cost		41			42			122			124
Expected return on plan assets		(35	)		(32	)		(105	)		(96	)
Amortization of prior service cost		(4	)		(4	)		(12	)		(12	)
Recognized net actuarial losses		8			6			25			19

Total net postretirement expense	$	18		$	21		$	54		$	62

We made $960 million and $1.3 billion in contributions to our qualified defined benefit pension plans during the quarter and nine months ended September 25, 2011, including required amounts of approximately $1.0 billion. We also may review options for further voluntary contributions in 2011. We do not expect any contributions to be required related to the retiree medical and life insurance plans in 2011.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
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+ Details

Legal Proceedings And Contingencies	9 Months Ended
Legal Proceedings And Contingencies	Sep. 25, 2011
Legal Proceedings And Contingencies
Legal Proceedings And Contingencies	NOTE 8 – LEGAL PROCEEDINGS AND CONTINGENCIES We are a party to or have property subject to litigation and other proceedings, including matters arising under provisions relating to the protection of the environment. We believe the probability is remote that the outcome of each of these matters, including the legal proceedings discussed below, will have a material adverse effect on the Corporation as a whole, notwithstanding that the unfavorable resolution of any matter may have a material effect on our net earnings in any particular quarter. Among the factors that we consider in this assessment are the nature of existing legal proceedings and claims, the asserted or possible damages or loss contingency (if estimable), the progress of the case, existing law and precedent, the opinions or views of legal counsel and other advisers, our experience in similar cases and the experience of other companies, the facts available to us at the time of assessment, and how we intend to respond to the proceeding or claim. Our assessment of these factors may change over time as individual proceedings or claims progress. Unless otherwise indicated, a range of loss associated with any individual legal proceeding set forth below reasonably cannot be estimated. We cannot predict the outcome of legal proceedings with certainty. These matters include the following items. *Legal Proceedings* On July 20, 2011, the City of Pontiac General Employees' Retirement System filed a class action lawsuit against us and two of our executive officers (Robert J. Stevens, Chairman and Chief Executive Officer, and Bruce L. Tanner, Executive Vice President and Chief Financial Officer) in the U.S. District Court for the Southern District of New York. On October 6, 2011, the complaint was amended, adding Linda R. Gooden, Executive Vice President, IS&GS, as a defendant. The complaint, filed on behalf of purchasers of our common stock from April 21, 2009, through July 21, 2009, alleges that we violated certain sections of the federal securities laws (including Sections 10(b) and 20(a) of the Securities Exchange Act of 1934) by allegedly making statements, primarily about the then-expected performance of our IS&GS business segment, that contained either false statements of material facts or omitted material facts necessary to make the statements made not misleading, or engaged in other acts that operated as an alleged fraud upon class members who purchased our common stock during that period. The complaint further alleges that the statutory safe harbor provided for forward-looking statements does not apply to any of the allegedly false statements. The complaint does not allege a specific amount of monetary damages. We believe that the allegations are without merit and will defend against them. Two additional actions recently were filed that repeat substantially the same allegations as those in the City of Pontiac General Employees' Retirement System case (described above). On September 9, 2011, Joyce Cavanagh-Wood, filed a shareholder derivative action in the Circuit Court for Montgomery County, Maryland, naming Mr. Stevens, Mr. Tanner, and each of the current directors of Lockheed Martin as well as the individuals who were Lockheed Martin directors at the time of the activities alleged in the complaint. The two actions allege breach of fiduciary duty, mismanagement, unjust enrichment, abuse of control, and waste of corporate assets relating to substantially the same allegations as the City of Pontiac General Employees' Retirement System case. Similarly, on October 11, 2011, Renee Smith, individually and on behalf of others, filed a shareholder derivative action in the U.S. District Court for the Southern District of New York, naming the same defendants (excluding Rosalind Brewer) and making substantially the same allegations. We believe that the allegations are without merit and will defend against them and any related actions that may be filed. On June 24, 2009, the U.K. Ministry of Defence (MoD) sent us a letter alleging that we were in default on the "Soothsayer" contract under which we were providing electronic warfare equipment to the British military. The total value of the contract is UK £144 million, of which UK £39 million has been paid to date (representing approximately US $222 million and US $60 million, based on the exchange rate as of September 25, 2011). The MoD has demanded repayment of amounts paid under the contract, liquidated damages of UK £2 million (representing approximately US $3 million based on the exchange rate as of September 25, 2011), and interest on those amounts, and has reserved the right to collect any excess future re-procurement costs. We dispute the MoD's position. We have commenced an arbitration proceeding against the MoD pursuant to the contract terms and are seeking damages for wrongful termination of the contract. On April 24, 2009, we filed a declaratory judgment action against the N.Y. Metropolitan Transportation Authority and its Capital Construction Company (collectively, the MTA) asking the U.S. District Court for the Southern District of N.Y. to find that the MTA is in material breach of our agreement based on the MTA's failure to provide access to sites where work must be performed and customer-furnished equipment necessary to complete the contract. The contract has a total value of $323 million, of which $241 million has been paid to date. The MTA filed an answer and counterclaim alleging that we breached the contract, and subsequently terminated the contract for alleged default. The MTA is seeking monetary damages and other relief under the contract, including the cost to complete the contract and potential re-procurement costs. We dispute the MTA's allegations and are defending against them. On November 30, 2007, the Department of Justice (DoJ) filed a complaint in partial intervention in a lawsuit filed under the qui tam provisions of the Civil False Claims Act in the U.S. District Court for the Northern District of Texas, United States ex rel. Becker and Spencer v. Lockheed Martin Corporation, et al., alleging that we should have known that a subcontractor falsified and inflated invoices submitted to us that were passed through to the government. The DoJ is seeking approximately $80 million in damages, including interest but excluding potential penalties under the False Claims Act. We dispute the allegations and are defending against them. On September 11, 2006, we and Lockheed Martin Investment Management Company (LMIMCo), a subsidiary, were named as defendants in a lawsuit filed in the U.S. District Court for the Southern District of Illinois, seeking to represent a class of purportedly similarly situated participants and beneficiaries in two of our 401(k) plans. Plaintiffs allege that we or LMIMCo caused our plans to pay expenses that were higher than reasonable by, among other actions, permitting service providers of the plans to engage in revenue sharing, paying investment management fees for the company stock funds, and causing the company stock funds to hold cash for liquidity, thus reducing the return on those funds. The plaintiffs also allege that we failed to disclose information appropriately relating to the fees associated with managing the plans. In August 2008, plaintiffs filed an amended complaint, adding allegations that we breached fiduciary duties under ERISA by providing inadequate disclosures with respect to the Stable Value Fund offered under our 401(k) plans. The complaint does not allege a specific calculation of damages, and we cannot reasonably estimate the possible loss, or range of loss, which could be incurred if the plaintiffs were to prevail in the allegations, but believe that we have substantial defenses. We dispute the allegations and are defending against them. On March 31, 2009, the Judge dismissed a number of the plaintiffs' claims, leaving three claims for trial, specifically the plaintiffs' claims involving the company stock funds, the Stable Value Fund, and overall fees. The Court also granted class certification on two of the plaintiffs' claims. We appealed the class certification. On March 15, 2011, the U.S. Court of Appeals for the Seventh Circuit vacated the Court's class certification. The case has been remanded to the District Court. On August 28, 2003, the DoJ filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the Civil False Claims Act in the United States District Court for the Western District of Kentucky, United States ex rel. Natural Resources Defense Council, et al., v. Lockheed Martin Corporation, et al., and United States ex rel. John D. Tillson v. Lockheed Martin Energy Systems, Inc., et al. The DoJ alleges that we committed violations of the Resource Conservation and Recovery Act at the Paducah Gaseous Diffusion Plant by not properly handling, storing, and transporting hazardous waste and that we violated the False Claims Act by misleading Department of Energy officials and state regulators about the nature and extent of environmental noncompliance at the plant. The complaint does not allege a specific calculation of damages, and we cannot reasonably estimate the possible loss, or range of loss, which could be incurred if the plaintiff were to prevail in the allegations, but believe that we have substantial defenses. We dispute the allegations and are defending against them. As described in the "Environmental Matters" discussion below, we are subject to federal and state requirements for protection of the environment, including those for discharge of hazardous materials and remediation of contaminated sites. As a result, we are a party to or have property subject to various other lawsuits or proceedings involving environmental matters and remediation obligations. This includes the litigation we have been in with certain residents of Redlands, California, since 1997 before the California Superior Court for San Bernardino County regarding allegations of personal injury, property damage, and other tort claims on behalf of individuals arising from our alleged contribution to regional groundwater contamination. In 2006, the California Court of Appeal dismissed the plaintiffs' punitive damages claim. In 2008, the trial court dismissed the remaining first tier plaintiffs, ending the first round of individual trials. The dismissal was affirmed by both the California Court of Appeal and the California Supreme Court. The trial court has now established the procedures for the litigation of the next round of individual plaintiffs, and pre-trial proceedings are now underway. The complaint does not allege a specific calculation of damages, and we cannot reasonably estimate the possible loss, or range of loss, which could be incurred if the plaintiffs were to prevail in the allegations, but believe that we have substantial defenses. We dispute the allegations and are defending against them. *Environmental Matters* We are involved in environmental proceedings and potential proceedings relating to soil and groundwater contamination, disposal of hazardous waste, and other environmental matters at several of our current or former facilities, or at third-party sites where we have been designated as a potentially responsible party (PRP). A substantial portion of environmental costs will be included in our net sales and cost of sales in future periods pursuant to U.S. Government regulations. At the time a liability is recorded for future environmental costs, we record an asset for estimated future recovery considered probable through the pricing of products and services to agencies of the U.S. Government, regardless of the contract form (e.g., cost-reimbursable, fixed price). We continuously evaluate the recoverability of our environmental receivables by assessing, among other factors, U.S. Government regulations, our U.S. Government business base and contract mix, and our history of receiving reimbursement of such costs. We include the portion of those environmental costs expected to be allocated to our non-U.S. Government contracts, or that is determined to be unallowable for pricing under U.S. Government contracts, in our cost of sales at the time the liability is established. At September 25, 2011, and December 31, 2010, the aggregate amount of liabilities recorded relative to environmental matters was $948 million and $935 million, of which $836 million and $807 million is recorded in other liabilities on the Balance Sheets at September 25, 2011 and December 31, 2010, with the remainder recorded in other current liabilities. We have recorded assets totaling $821 million and $810 million at September 25, 2011, and December 31, 2010, for the estimated future recovery of these costs, as we consider the recovery probable based on the factors previously mentioned. Of those amounts, $723 million and $699 million are recorded in other assets on the Balance Sheets at September 25, 2011 and December 31, 2010, with the remainder recorded in other current assets. We project costs and recovery of costs over approximately twenty years. Environmental cleanup activities usually span several years, which make estimating liabilities a matter of judgment because of such factors as changing remediation technologies, assessments of the extent of contamination, and continually evolving regulatory environmental standards. We consider these and other factors in estimates of the timing and amount of any future costs that may be required for remediation actions, which results in the calculation of a range of estimates for a particular environmental remediation site. We perform quarterly reviews of the status of our environmental remediation sites and the related liabilities and assets. We record a liability when it is probable that a liability has been incurred and the amount can be reasonably estimated. The amount of liability recorded is based on our best estimate of the costs to be incurred for remediation at a particular site within a range of estimates for that site or, in cases where no amount within the range is better than another, we record an amount at the low end of the range. We do not discount the recorded liabilities, as the amount and timing of future cash payments are not fixed or cannot be reliably determined. We cannot reasonably determine the extent of our financial exposure in all cases at this time. There are a number of former operating facilities that we are monitoring or investigating for potential future remediation. In some cases, although a loss may be probable, it is not possible at this time to reasonably estimate the amount of any obligation for remediation activities because of uncertainties with respect to assessing the extent of the contamination or the applicable regulatory standard. We also are pursuing claims for contribution to site cleanup costs against other PRPs, including the U.S. Government. In January 2011, both the U.S. Environmental Protection Agency and the California Office of Environmental Health Hazard Assessment announced plans to regulate two chemicals, perchlorate and hexavalent chromium, to levels that are expected to be substantially lower than the existing respective standards established in California. The rulemaking processes are lengthy ones and may take one or more years to complete. If substantially lower standards are adopted, we would expect a material increase in our estimates for environmental liabilities and the related assets for the portion of the increased costs that are probable of future recovery in the pricing of our products and services for the U.S. Government. The amount that would be allocable to our non-U.S. Government contracts or that is determined to be unallowable for pricing under U.S. Government contracts would be expensed, which may have a material effect on our earnings in any particular quarter. We are conducting remediation activities, including under various consent decrees and orders, relating to soil or groundwater contamination at certain sites of former or current operations. Under an agreement related to our Burbank and Glendale, California, sites, the U.S. Government reimburses us an amount equal to approximately 50% of expenditures for certain remediation activities in its capacity as a PRP under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). *Letters of Credit, Surety Bonds, and Third-Party Guarantees* We have entered into standby letters of credit, surety bonds, and third-party guarantees with financial institutions and other third parties primarily relating to advances received from customers and the guarantee of future performance on certain contracts. Letters of credit and surety bonds generally are available for draw down in the event we do not perform. In some cases, we may guarantee the contractual performance of third parties such as joint venture partners. We have total outstanding letters of credit, surety bonds, and third-party guarantees aggregating $4.0 billion and $4.2 billion at September 25, 2011 and December 31, 2010. Of these amounts, approximately $1.0 billion relate to third-party guarantees. Approximately 90% and 85% of the $1.0 billion in third-party guarantees outstanding at September 25, 2011 and December 31, 2010 related to guarantees of the contractual performance of joint ventures to which we currently are or previously were a party. This amount represents our estimate of the maximum amount we would expect to incur upon the contractual non-performance of the joint venture partners. We evaluate the reputation, technical capabilities, and credit quality of potential joint venture partners. In addition, we generally have cross-indemnities in place that may enable us to recover amounts that may be paid on behalf of a joint venture partner. We believe our current and former joint venture partners will be able to perform their obligations, as they have done through September 25, 2011, and that it will not be necessary to make payments under the guarantees. *United Launch Alliance* In connection with our 50% ownership interest of United Launch Alliance, L.L.C. (ULA), we and The Boeing Company (Boeing) have each received distributions totaling $327 million which are subject to agreements between us, Boeing, and ULA, whereby, if ULA does not have sufficient cash resources or credit capacity to make payments under the inventory supply agreement it has with Boeing, both we and Boeing would provide to ULA, in the form of an additional capital contribution, the level of funding required for ULA to make those payments. Any such capital contributions would not exceed the amount of the distributions subject to the agreements. We currently believe that ULA will have sufficient operating cash flows and credit capacity, including access to its $400 million revolving credit agreement from third-party financial institutions, to meet its obligations such that we would not be required to make a contribution under these agreements. In addition, both we and Boeing have cross-indemnified each other for certain financial support arrangements (e.g., letters of credit, surety bonds, or foreign exchange contracts provided by either party) and guarantees by us and Boeing of the performance and financial obligations of ULA under certain launch service contracts. We believe ULA will be able to fully perform its obligations, as it has done through September 25, 2011, and that it will not be necessary to make payments under the cross-indemnities or guarantees.

- Definition

The entire disclosure for commitments and contingencies.

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+ Details

Fair Value Measurements

9 Months Ended

Sep. 25, 2011

Fair Value Measurements

Fair Value Measurements

NOTE 9 – FAIR VALUE MEASUREMENTS

The following table presents assets and liabilities measured and recorded at fair value on our Balance Sheets on a recurring basis, and their level within the fair value hierarchy:


	September 25, 2011					December 31, 2010
	Total	Level 1		Level 2		Total		Level 1		Level 2
	*(In millions)*
Assets
Equity securities⁽¹⁾	$ 76	$	76	$	—	$	86	$	86	$	—
Mutual funds⁽¹⁾	316		316		—		450		450		—
U.S. Government securities⁽² ⁾	225		—		225		719		—		719
Other securities⁽² ⁾	98		—		98		104		—		104
Derivative assets⁽³ ⁾	49		—		49		26		—		26
Liabilities
Derivative liabilities⁽³⁾	25		—		25		33		—		33

(1)	Equity securities and interests in mutual funds are valued using quoted market prices.

(2)

U.S. Government securities and other securities, which consist primarily of corporate debt securities, U.S. Government-sponsored enterprise securities, and mortgage-backed securities, are valued based on inputs other than quoted prices that are observable for the asset (e.g., interest rates and yield curves observable at commonly quoted intervals).

(3)	Derivative assets and liabilities relate to foreign currency exchange and interest rate swap contracts and are valued based on observable market prices (e.g., interest rates and yield curves observable at commonly quoted intervals), but are not exchanged in an active market.

We maintain a Rabbi Trust which includes investments to fund certain of our non-qualified deferred compensation plans. Investments in the trust are classified as trading securities and, accordingly, changes in their fair values are recorded in other non-operating income (expense), net. As of September 25, 2011 and December 31, 2010, investments in the trust totaled $712 million and $843 million and are included within the investment securities categories listed in the table above. Those investment categories also include available-for-sale securities held for general corporate purposes that we have classified as short-term investments on our Balance Sheets. As of December 31, 2010, these securities primarily consisted of U.S. Treasury securities with a fair value of approximately $500 million, which matured during the nine months ended September 25, 2011. The cost basis of these securities was not materially different from their respective fair value as of December 31, 2010.

Derivative assets and liabilities included in the table above relate to derivative financial instruments that we use to manage our exposure to fluctuations in foreign currency exchange rates and interest rates. Foreign currency exchange contracts are entered into to manage the exchange rate risk of forecasted foreign currency denominated cash receipts and cash payments. The majority of our foreign currency exchange contracts are designated as cash flow hedges. We also use derivative financial instruments to manage our exposure to changes in interest rates. Our financial instruments that are subject to interest rate risk principally include fixed-rate, long-term debt. Our interest rate swap contracts are designated as fair value hedges. We do not hold or issue derivative financial instruments for trading or speculative purposes.

The classification of gains and losses resulting from changes in the fair values of derivatives is dependent on our intended use of the derivative and its resulting designation. Adjustments to reflect changes in fair values of derivatives attributable to the effective portion of hedges that we consider highly effective hedges are either reflected in earnings and largely offset by corresponding adjustments to the hedged items, or reflected net of income taxes in accumulated other comprehensive loss until the hedged transaction is recognized in earnings. Changes in the fair value of the derivatives that are attributable to the ineffective portion of the hedges, or of derivatives that are not considered to be highly effective hedges, if any, are immediately recognized in earnings. The aggregate notional amount of our outstanding foreign currency exchange contracts at September 25, 2011 and December 31, 2010 was $1.9 billion and $2.2 billion. The aggregate notional amount of our interest rate swap contracts at September 25, 2011 was $450 million, and we had no interest rate swap contracts outstanding at December 31, 2010. The effect of our derivative instruments on our Statements of Earnings for the quarters and nine months ended September 25, 2011 and September 26, 2010, and on our Balance Sheets as of September 25, 2011 and December 31, 2010, was not material.

Our cash equivalents include highly liquid instruments with remaining maturities at the date of acquisition of 90 days or less. Due to the short maturity of these instruments, the carrying amount on our Balance Sheets approximates fair value. Our accounts receivable and accounts payable are carried at cost, which approximates fair value. The estimated fair values of our long-term debt instruments at September 25, 2011 and December 31, 2010, aggregated $8,627 million and $6,211 million, compared with a carrying amount of $7,545 million and $5,524 million, which excludes the $507 million and $505 million unamortized discount. The fair values of our long-term debt instruments were estimated based on quoted market prices of debt with terms and due dates similar to our long-term debt instruments.

- Definition

Tabular disclosure of the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods. Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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+ Details

Other

9 Months Ended

Sep. 25, 2011

Other

Other

NOTE 10 – OTHER

Long-term Debt

On September 9, 2011, we issued $2.0 billion of long-term notes in a registered public offering consisting of $500 million due in 2016 with a fixed coupon interest rate of 2.13%, $900 million due in 2021 with a fixed coupon interest rate of 3.35%, and $600 million due in 2041 with a fixed coupon interest rate of 4.85%. We may, at our option, redeem some or all of the notes at any time by paying a make-whole premium, plus accrued and unpaid interest, if any, to the date of repurchase. Interest on the notes is payable on March 15 and September 15 of each year, beginning on March 15, 2012.

In October 2011, subsequent to our 2011 third quarter, we used a portion of the proceeds to redeem all of our $500 million long-term notes due in 2013 with a fixed coupon rate of 4.12% (the 2013 Notes). As a result of this redemption, we have classified the 2013 Notes on our September 25, 2011 Balance Sheet as current portion of long-term debt. The redemption included a make-whole premium of $26 million that will be recognized in other non-operating income (expense), net in the fourth quarter of 2011.

In August 2011, we entered into a new $1.5 billion revolving credit facility (the new credit facility) with a group of banks and terminated our existing $1.5 billion revolving credit facility which was to expire in June 2012. The new credit facility expires August 2016, and we may request an increase to the new credit facility by an additional amount up to $500 million, at the banks' discretion. There were no borrowings outstanding under either facility through September 25, 2011. Borrowings under the new credit facility would be unsecured and bear interest at rates based, at our option, on the Eurodollar rate or a bank defined Base Rate, as defined in the new credit facility. Each bank's obligation to make loans under the new credit facility is subject to, among other things, our compliance with various representations, warranties and covenants, including covenants limiting our ability and certain of our subsidiaries to encumber assets and a covenant not to exceed a maximum leverage ratio, as defined in the new credit facility. As of September 25, 2011, we were in compliance with all covenants contained in the new credit facility, as well as in our debt agreements.

Stockholders' Equity

Share Repurchase Program

During the first nine months of 2011, we repurchased a total of 29.9 million shares of our common stock for $2,263 million, of which 0.1 million shares for $9 million were settled and paid for in October 2011. We paid cash totaling $2,317 million for share repurchases in the first nine months of 2011, which included $63 million for shares we repurchased in December 2010 but that were not paid for until January 2011. During the first nine months of 2010, we repurchased a total of 19.8 million shares for $1,566 million.

Our share repurchase program provides for the repurchase of our common stock from time-to-time. Under the program, we have discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation. In the third quarter of 2011, our Board authorized an additional $1.0 billion in August and $2.5 billion in September for share repurchases, bringing the total authorized amount under the program to $6.5 billion. As of September 25, 2011, we had repurchased a total of 41.1 million shares under the program for $3,038 million, and there remained $3,462 million authorized for additional share repurchases.

As we repurchase our common shares, we reduce common stock for the $1 of par value of the shares repurchased, with the remainder of the purchase price over par value recorded as a reduction of additional paid-in capital. If additional paid-in capital is reduced to zero, we record the remainder of the excess of purchase price over par value as a reduction of retained earnings.

Stock Option and Restricted Stock Unit Grants

In January 2011, we granted a total of 2.5 million options to purchase our common stock to key employees at an exercise price of $79.60. The fair value of each option on the date of grant was $13.06. We recognize compensation cost for most of these stock options ratably over the three-year vesting period. In addition, we granted 1.9 million restricted stock units (RSUs) to key employees. The fair value of each RSU on the date of grant was $79.43 and was based on the market value of a share of our common stock on the date of the award. We recognize the related compensation expense ratably over the three-year vesting period.

Dividends

During the first nine months of 2011, we declared and paid quarterly dividends totaling $770 million ($.75 per share). In September 2011, we also declared our fourth quarter dividend which was increased to $1.00 per share. The fourth quarter dividend totaled $323 million and was recorded as a current liability and a reduction of retained earnings on the declaration date. The dividend will be paid in December 2011. During the first nine months of 2010, we declared and paid quarterly dividends totaling $700 million ($.63 per share).

Comprehensive Income

The components of comprehensive income consisted of the following:


	Quarter Ended					Nine Months Ended
	September 25, 2011			September 26, 2010		September 25, 2011			September 26, 2010
	*(In millions)*
Net earnings	$	700		$	560	$	1,972		$	1,917
Other comprehensive income (loss):
Adjustment for postretirement benefit plans, net of tax		171			116		501			347
Other, net		(67	)		24		(58	)		5

Total other comprehensive income		104			140		443			352

Comprehensive income	$	804		$	700	$	2,415		$	2,269

The adjustment for postretirement benefit plans relates to the components of net postretirement benefit plan expense that represent recognized net actuarial losses and the amortization of prior service costs, net of tax (Note 7). The net actuarial loss recognition relates primarily to investment losses incurred in 2008 on the assets held in a trust to support our qualified defined benefit pension plans, which previously had been recorded on the Balance Sheet as a reduction to stockholders' equity in other comprehensive income (loss). When we recognize expense for such items in subsequent periods, we record an increase to stockholders' equity in other comprehensive income (loss) for the after-tax effects. We have revised the September 26, 2010 Statement of Stockholders' Equity to include a reclassification adjustment for these items by increasing stockholders' equity through other comprehensive income (loss) by $347 million, with related adjustments to deferred income taxes and postretirement benefit plan liabilities.

Income Taxes

We made federal and foreign income tax payments, net of refunds received, of $562 million and $326 million during the first nine months of 2011 and 2010. These amounts included refunds of $250 million and $325 million received in the first quarter of 2011 and 2010 from the IRS related to estimated taxes paid for the 2010 and 2009 calendar years.

Changes in Estimates

Accounting for contracts under the POC method requires judgment relative to assessing risks, estimating contract revenues and costs (including estimating award and incentive fees and penalties related to performance), and making assumptions for schedule and technical issues. Due to the scope and nature of the work required to be performed on many of our contracts, the estimation of total revenue and cost at completion is complicated and subject to many variables and, accordingly, are subject to change. When adjustments in estimated contract revenues or estimated costs at completion are required, any changes from prior estimates are recognized in the current period for the inception-to-date effect of such changes.

At the outset of each contract, we estimate the initial profit booking rate. The initial profit booking rate of each contract is based on the initial estimated costs at completion considering risks surrounding the ability to achieve the technical requirements (for example, a newly-developed product versus a mature product), schedule (for example, the number and type of milestone events), and costs by contract requirements. Profit booking rates may increase during the performance of the contract if we successfully retire risks surrounding the technical, schedule, and costs aspects of the contract, or may decrease if we are not successful in retiring the risks and, as a result, our estimated costs at completion increase.

Our net profit booking rate adjustments resulting from changes in estimates increased operating profit, net of state taxes, by approximately $425 million and $325 million for the quarters ended September 25, 2011 and September 26, 2010, and approximately $1,175 million and $975 million for the nine months ended September 25, 2011 and September 26, 2010. These adjustments increased net earnings by approximately $275 million ($.80 per share) and $200 million ($.55 per share) for the quarters ended September 25, 2011 and September 26, 2010, and approximately $775 million ($2.25 per share) and $625 million ($1.70 per share) for the nine months ended September 25, 2011 and September 26, 2010.

Recent Accounting Pronouncements

In June 2011, the Financial Accounting Standards Board (FASB) issued a new standard, which eliminates the option to present other comprehensive income (OCI) in the statement of stockholders' equity and instead requires net income, the components of OCI, and total comprehensive income to be presented in either one continuous statement or two separate but consecutive statements. The standard also requires that items reclassified from OCI to net income be presented on the face of the financial statements. As currently issued, the new standard will be effective for us beginning with our first quarter 2012 reporting and will be applied retrospectively. However, in October 2011, the FASB announced it would issue an exposure draft in the near term with a proposal to defer the requirement to present reclassifications from OCI to net income on the face of the financial statements and consider whether such reclassification adjustments should be disclosed in the notes to the financial statements, consistent with the existing disclosure requirements. The deferral, if finalized, would not change the requirement to present net income, components of OCI, and total comprehensive income in either one continuous statement or two separate but consecutive statements. We do not expect the adoption of the new standard or exposure draft will have an effect on our results of operations, financial position, or cash flows as it only requires a change in the presentation of OCI in our consolidated financial statements.

In September 2011, the FASB issued a new standard which amends the existing guidance on goodwill impairment testing. The new standard allows an entity the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If this is the case, the entity will need to perform a more detailed two-step goodwill impairment test which is used to identify potential goodwill impairments and to measure the amount of goodwill impairment losses to be recognized, if any. The standard will be effective for annual or interim goodwill impairment tests performed by us after December 31, 2011. The adoption of the standard will not have an effect on our results of operations, financial position, or cash flows.

Subsequent Event

On September 27, 2011, we acquired QTC Holdings Inc. (QTC), which provides outsourced medical evaluation services to the U.S. Government, for a payment of approximately $420 million, net of cash acquired. QTC will be integrated within our IS&GS business segment. The acquisition is not expected to have a material effect on our future results of operations, financial position, or cash flows.

Discontinued Operations (Tables)

9 Months Ended

Sep. 25, 2011

Discontinued Operations

Schedule Of Disposal Groups Including Discontinued Operations Income Statement Disclosures


	Quarter Ended					Nine Months Ended
	September 25, 2011			September 26, 2010		September 25, 2011			September 26, 2010
	*(In millions)*
Net sales	$	17		$	285	$	184		$	932
Earnings (loss) before income taxes	$	(4	)	$	6	$	(35	)	$	45

Earnings (loss) after income taxes	$	(2	)	$	3	$	(24	)	$	28
Adjustments from planned sale of businesses		37			—		27			96

Net earnings from discontinued operations	$	35		$	3	$	3		$	124

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Earnings Per Common Share (Tables)

9 Months Ended

Sep. 25, 2011

Earnings Per Common Share

Schedule Of Basic And Diluted Weighted Average Shares Outstanding

Quarter Ended

Nine Months Ended

September 25,
2011

September 26,
2010

September 25,
2011

September 26,
2010

(In millions)

Average number of common shares outstanding for basic computations

329.8

360.1

340.4

367.1

Dilutive stock options and restricted stock units

3.8

3.8

3.9

4.0

Average number of common shares outstanding for diluted computations

333.6

363.9

344.3

371.1

Business Segment Information (Tables)

9 Months Ended

Sep. 25, 2011

Business Segment Information

Schedule Of Segment Reporting Information, By Segment


Quarter Ended						Nine Months Ended
	September 25, 2011			September 26, 2010			September 25, 2011			September 26, 2010
	*(In millions)*
Net sales
Aeronautics	$	3,995		$	3,294		$	10,600		$	9,377
Electronic Systems		3,633			3,556			10,832			10,290
Information Systems & Global Solutions		2,323			2,525			6,833			7,281
Space Systems		2,168			1,968			6,023			5,962

Total	$	12,119		$	11,343		$	34,288		$	32,910

Operating profit
Aeronautics	$	447		$	389		$	1,178		$	1,090
Electronic Systems		444			428			1,348			1,252
Information Systems & Global Solutions		213			208			620			615
Space Systems		251			236			731			689

Total business segments		1,355			1,261			3,877			3,646

Severance charges		(39	)		(178	)		(136	)		(178	)
Other unallocated corporate expense, net		(275	)		(206	)		(843	)		(534	)

Total	$	1,041		$	877		$	2,898		$	2,934

Intersegment revenue
Aeronautics	$	58		$	16		$	140		$	90
Electronic Systems		266			249			770			698
Information Systems & Global Solutions		227			239			635			690
Space Systems		30			28			81			88

Total	$	581		$	532		$	1,626		$	1,566


	September 25, 2011		December 31, 2010
	*(In millions)*
Assets
Aeronautics	$	5,644	$	5,231
Electronic Systems		9,899		9,925
Information Systems & Global Solutions		5,332		5,463
Space Systems		3,177		3,041

Total business segments		24,052		23,660
Corporate assets ⁽ ¹ ⁾		12,135		11,057
Assets of discontinued operation held for sale		—		396

Total	$	36,187	$	35,113

(1)	Corporate assets primarily include cash and cash equivalents, short-term investments, deferred income taxes, environmental assets, and investments held in a Rabbi Trust.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Inventories (Tables)

9 Months Ended

Sep. 25, 2011

Inventories

Schedule Of Inventories


	September 25, 2011			December 31, 2010
	(In millions)
Work-in-process, primarily related to long-term contracts and programs in progress	$	6,801		$	6,508
Less: Customer advances and progress payments		(5,317	)		(4,788	)

		1,484			1,720
Other inventories		305			643

Total inventories	$	1,789		$	2,363

Postretirement Benefit Plans (Tables)

9 Months Ended

Sep. 25, 2011

Postretirement Benefit Plans

Net Pension Cost And The Net Postretirement Benefit Cost


	Quarter Ended						Nine Months Ended
	September 25, 2011			September 26, 2010			September 25, 2011			September 26, 2010
	(In millions)
Qualified defined benefit pension plans
Service cost	$	244		$	226		$	731		$	677
Interest cost		479			469			1,438			1,407
Expected return on plan assets		(509	)		(506	)		(1,525	)		(1,520	)
Amortization of prior service cost		21			21			62			62
Recognized net actuarial losses		220			148			660			446

Total net pension expense	$	455		$	358		$	1,366		$	1,072


Retiree medical and life insurance plans
Service cost	$	8		$	9		$	24		$	27
Interest cost		41			42			122			124
Expected return on plan assets		(35	)		(32	)		(105	)		(96	)
Amortization of prior service cost		(4	)		(4	)		(12	)		(12	)
Recognized net actuarial losses		8			6			25			19

Total net postretirement expense	$	18		$	21		$	54		$	62

Fair Value Measurements (Tables)

9 Months Ended

Sep. 25, 2011

Fair Value Measurements

Schedule Of Assets And Liabilities Measured And Recorded At Fair Value On A Recurring Basis


	September 25, 2011					December 31, 2010
	Total	Level 1		Level 2		Total		Level 1		Level 2
	*(In millions)*
Assets
Equity securities⁽¹⁾	$ 76	$	76	$	—	$	86	$	86	$	—
Mutual funds⁽¹⁾	316		316		—		450		450		—
U.S. Government securities⁽² ⁾	225		—		225		719		—		719
Other securities⁽² ⁾	98		—		98		104		—		104
Derivative assets⁽³ ⁾	49		—		49		26		—		26
Liabilities
Derivative liabilities⁽³⁾	25		—		25		33		—		33

Other (Tables)

9 Months Ended

Sep. 25, 2011

Other

Schedule Of Comprehensive Income


	Quarter Ended					Nine Months Ended
	September 25, 2011			September 26, 2010		September 25, 2011			September 26, 2010
	*(In millions)*
Net earnings	$	700		$	560	$	1,972		$	1,917
Other comprehensive income (loss):
Adjustment for postretirement benefit plans, net of tax		171			116		501			347
Other, net		(67	)		24		(58	)		5

Total other comprehensive income		104			140		443			352

Comprehensive income	$	804		$	700	$	2,415		$	2,269

Basis Of Presentation (Details) - USD ($) $ in Millions	9 Months Ended
Basis Of Presentation (Details) - USD ($) $ in Millions	Sep. 25, 2011	Dec. 31, 2010	Sep. 26, 2010	Dec. 31, 2009
Reduction in retained earnings due to cumulative effect of change in accounting principle	$ 2,943	$ 3,497	$ 4,076	$ 3,966
Change In Accounting Principle [Member]
Reduction in retained earnings due to cumulative effect of change in accounting principle		(211)		(163)
U.S. Government [Member]
Percentage of net sales recognized using the percentage-of-completion method	95.00%
Retained Earnings [Member]
Reduction in retained earnings due to cumulative effect of change in accounting principle	$ 11,189	12,161	$ 11,961	12,188
Retained Earnings [Member] \| Change In Accounting Principle [Member]
Reduction in retained earnings due to cumulative effect of change in accounting principle		$ (211)		$ (163)

Certain Matters Included In Earnings (Details) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 25, 2011 USD ($)	Sep. 25, 2011 $ / shares	Jun. 26, 2011 USD ($)	Mar. 27, 2011	Sep. 26, 2010 USD ($) $ / shares	Mar. 28, 2010 USD ($)	Sep. 25, 2011 USD ($) $ / shares	Sep. 26, 2010 USD ($) $ / shares
Severance charges	$ 39		$ 97		$ 178		$ 136	$ 178
Reduction in net earnings due to severance charges	$ 25				$ 116		$ 88	$ 116
Decrease in diluted earnings per share (in USD) due to severance charges \| $ / shares		0.07			0.32		0.25	0.31
Medicare Part D law change						$ 96		$ 96
Reduction in income tax expense as a result of resolution of previous tax matters			(89)				$ (89)
Increase in diluted earnings per share, in USD, as a result of resolution of previous tax matters \| $ / shares							0.26
Decrease in diluted earnings per share, in USD, due to write off of deferred tax assets associated with retiree prescription drug expenses \| $ / shares								0.26
Aeronautics [Member]
Severance charges			49
Space Systems [Member]
Severance charges			$ 48
Voluntary Executive Separation Program [Member]
Severance charges					$ 178
Maximum number of days within which cash special payment has to be made				90

Discontinued Operations (Narrative) (Details) - USD ($) $ in Millions	Sep. 25, 2011	Mar. 27, 2011	Dec. 31, 2010	Jun. 27, 2010
Pacific Architects And Engineers, Inc. [Member]
Deferred tax asset		$ 15		$ 96
Receivables, net			$ 253
Goodwill and other assets			143
Accounts payable and accrued expenses			125
Other liabilities			$ 79
Savi Technology [Member]
Deferred tax asset	$ 66

- Definition

Amount of deferred tax asset recognized pertaining to the parent company's excess tax (over book) basis in the stock of a disposed subsidiary that is a component of the entity (discontinued operation).

+ References + Details

Discontinued Operations (Schedule Of Disposal Groups Including Discontinued Operations Income Statement Disclosures) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2011	Sep. 26, 2010	Sep. 25, 2011	Sep. 26, 2010
Discontinued Operations
Net sales	$ 17	$ 285	$ 184	$ 932
Earnings (loss) before income taxes	(4)	6	(35)	45
Earnings (loss) after income taxes	(2)	3	(24)	28
Adjustments from planned sale of businesses	37		27	96
Net earnings (loss) from discontinued operations	$ 35	$ 3	$ 3	$ 124

- Definition

Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

+ References + Details

- Definition

This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 47
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 15

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 13
-Article 7

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.12)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.14)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details

Earnings Per Common Share (Narrative) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2011	Sep. 26, 2010	Sep. 25, 2011	Sep. 26, 2010
Earnings Per Common Share
Stock options to purchase shares of common stock that were not included in the computation of diluted weighted average shares outstanding, as their effect would have been anti-dilutive	16.8	14.6	16.8	14.6

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Earnings Per Common Share (Schedule Of Basic And Diluted Weighted Average Shares Outstanding) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2011	Sep. 26, 2010	Sep. 25, 2011	Sep. 26, 2010
Earnings Per Common Share
Average number of common shares outstanding for basic computations	329.8	360.1	340.4	367.1
Dilutive stock options and restricted stock units	3.8	3.8	3.9	4.0
Average number of common shares outstanding for diluted computations	333.6	363.9	344.3	371.1

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1448-109256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Business Segment Information (Schedule Of Segment Reporting Information, By Segment) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 25, 2011

Jun. 26, 2011

Sep. 26, 2010

Sep. 25, 2011

Sep. 26, 2010

Dec. 31, 2010

Total net sales

$ 12,119

$ 11,343

$ 34,288

$ 32,910

Total operating profit

1,041

877

2,898

2,934

Severance charges

(39)

$ (97)

(178)

(136)

(178)

Total intersegment revenue

581

532

1,626

1,566

Total assets

36,187

$ 35,113

Aeronautics [Member]

Total net sales

3,995

3,294

10,600

9,377

Total operating profit

447

389

1,178

1,090

Severance charges

(49)

Total intersegment revenue

140

Total assets

5,644

5,231

Electronic Systems [Member]

Total net sales

3,633

3,556

10,832

10,290

Total operating profit

444

428

1,348

1,252

Total intersegment revenue

266

249

770

698

Total assets

9,899

9,925

Information Systems & Global Solutions [Member]

Total net sales

2,323

2,525

6,833

7,281

Total operating profit

213

208

620

615

Total intersegment revenue

227

239

635

690

Total assets

5,332

5,463

Space Systems [Member]

Total net sales

2,168

1,968

6,023

5,962

Total operating profit

251

236

731

689

Severance charges

$ (48)

Total intersegment revenue

Total assets

3,177

3,041

Unallocated Amount To Segment [Member]

Total operating profit

(275)

(206)

(843)

(534)

Total assets

^[1]

12,135

11,057

Total Business Segments [Member]

Total operating profit

1,355

1,261

3,877

3,646

Total assets

24,052

23,660

Assets Of Discontinued Operation Held For Sale [Member]

Total assets

$ 396

Severance Charges [Member]

Severance charges

$ (39)

$ (178)

$ (136)

$ (178)

[1]	Corporate assets primarily include cash and cash equivalents, short-term investments, deferred income taxes, environmental assets, and investments held in a Rabbi Trust.

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Millions	Sep. 25, 2011	Dec. 31, 2010
Inventories
Work-in-process, primarily related to long-term contracts and programs in progress	$ 6,801	$ 6,508
Less: Customer advances and progress payments	(5,317)	(4,788)
Inventory for long-term contracts and programs, total	1,484	1,720
Other inventories	305	643
Total inventories	$ 1,789	$ 2,363

Postretirement Benefit Plans (Narrative) (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 25, 2011 USD ($)	Sep. 25, 2011 USD ($)
Postretirement Benefit Plans
Required contributions made to defined benefit plans	$ 1,000	$ 1,000
Contributions to defined benefit plans	$ 960	$ 1,300

Postretirement Benefit Plans (Net Pension Cost And Net Postretirement Benefit Cost) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2011	Sep. 26, 2010	Sep. 25, 2011	Sep. 26, 2010
Other Postretirement Plans, Defined Benefit [Member]
Service cost	$ 8	$ 9	$ 24	$ 27
Interest cost	41	42	122	124
Expected return on plan assets	(35)	(32)	(105)	(96)
Amortization of prior service cost	(4)	(4)	(12)	(12)
Recognized net actuarial losses	8	6	25	19
Total net expense	18	21	54	62
Pension Plans Defined Benefit [Member]
Service cost	244	226	731	677
Interest cost	479	469	1,438	1,407
Expected return on plan assets	(509)	(506)	(1,525)	(1,520)
Amortization of prior service cost	21	21	62	62
Recognized net actuarial losses	220	148	660	446
Total net expense	$ 455	$ 358	$ 1,366	$ 1,072

- Definition

An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets.

+ References

+ Details

- Definition

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

+ References + Details

- Definition

The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a, h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Service Cost (Component of Net Periodic Pension Cost)
-URI http://asc.fasb.org/extlink&oid=6525008

+ Details

Legal Proceedings And Contingencies (Narrative) (Details) £ in Millions, $ in Millions		9 Months Ended		12 Months Ended
	Nov. 30, 2007 USD ($)	Sep. 25, 2011 GBP (£)	Sep. 25, 2011 USD ($)	Dec. 31, 2010 USD ($)	Jun. 24, 2009 GBP (£)	Apr. 24, 2009 USD ($)
Time period environmental costs and recovery of environmental costs are projected over, number of years		20 years	20 years
Percentage of expenditures for certain remediation activities		50.00%	50.00%
Soothsayer [Member]
Contract value			$ 222
Contract payments received to date			60
Liquidated damages, demanded on amount paid under contract			3
Department Of Justice [Member]
Liquidated damages, demanded on amount paid under contract	$ 80
N.Y. Metropolitan Transportation Authority [Member]
Contract value						$ 323
Contract payments received to date			241
Environmental Matters [Member]
Liabilities recorded relative to environmental matters			948	$ 935
Environmental Matters [Member] \| Government [Member]
Environmental costs eligible for future recovery			821	810
Standby Letters Of Credit [Member]
Outstanding letters of credit, surety bonds and third-party guarantees			$ 4,000	4,200
United Launch Alliance [Member]
Ownership interest in affiliated entity			50.00%
Dividend distributions received			$ 327
Revolving line of credit			400
Other Liabilities [Member]
Liabilities recorded relative to environmental matters recorded in other liabilities			836	807
Third Party Guarantees [Member]
Third-party guarantees outstanding			$ 1,000	$ 1,000
Percentage of total guarantees that relate to guarantees of contractual performance of joint ventures		90.00%	90.00%	85.00%
Currency, British Pound Sterling [Member] \| Soothsayer [Member]
Contract value \| £					£ 144
Contract payments received to date \| £		£ 39
Liquidated damages, demanded on amount paid under contract \| £		£ 2
Other Assets [Member] \| Environmental Matters [Member] \| Government [Member]
Environmental costs eligible for future recovery recorded in other assets			$ 723	$ 699

Fair Value Measurements (Narrative) (Details) - USD ($)	Sep. 25, 2011	Sep. 09, 2011	Dec. 31, 2010
Estimated fair values of long-term debt instruments	$ 8,627,000,000		$ 6,211,000,000
Aggregate notional amount of outstanding foreign currency exchange contracts	1,900,000,000		2,200,000,000
Aggregate notional amount of interest rate swap contracts	$ 450,000,000		0
Maximum maturity date of highly liquid instruments (in days)	90 days
Unamortized discount on long-term debt instruments	$ 507,000,000		505,000,000
Carrying amount of long-term debt instruments, excluding unamortized discounts	7,545,000,000	$ 2,000,000,000	5,524,000,000
Rabbi Trust [Member]
Investment securities	$ 712,000,000		$ 843,000,000

- Definition

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents investment securities as of the balance sheet date which may include marketable securities, derivative financial instruments, and investments accounted for under the equity method.

+ References + Details

Fair Value Measurements (Schedule Of Assets And Liabilities Measured And Recorded At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Millions

Sep. 25, 2011

Dec. 31, 2010

Derivative assets

^[1]

$ 49

$ 26

Derivative liabilities

^[1]

Fair Value Hierarchy, Level 2 [Member]

Derivative assets

^[1]

Derivative liabilities

^[1]

Equity Securities [Member]

Fair value of investments measured on recurring basis

^[2]

Equity Securities [Member] | Fair Value Hierarchy, Level 1 [Member]

Fair value of investments measured on recurring basis

^[2]

Mutual Funds [Member]

Fair value of investments measured on recurring basis

^[2]

316

450

Mutual Funds [Member] | Fair Value Hierarchy, Level 1 [Member]

Fair value of investments measured on recurring basis

^[2]

316

450

U.S. Government Securities [Member]

Fair value of investments measured on recurring basis

^[3]

225

719

U.S. Government Securities [Member] | Fair Value Hierarchy, Level 2 [Member]

Fair value of investments measured on recurring basis

^[3]

225

719

Other Securities [Member]

Fair value of investments measured on recurring basis

^[3]

104

Other Securities [Member] | Fair Value Hierarchy, Level 2 [Member]

Fair value of investments measured on recurring basis

^[3]

$ 98

$ 104

[1]	Derivative assets and liabilities relate to foreign currency exchange and interest rate swap contracts and are valued based on observable market prices (e.g., interest rates and yield curves observable at commonly quoted intervals), but are not exchanged in an active market.
[2]	Equity securities and interests in mutual funds are valued using quoted market prices.
[3]	U.S. Government securities and other securities, which consist primarily of corporate debt securities, U.S. Government-sponsored enterprise securities, and mortgage-backed securities, are valued based on inputs other than quoted prices that are observable for the asset (e.g., interest rates and yield curves observable at commonly quoted intervals).

- Definition

Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements.

+ References + Details

- Definition

+ References + Details

Other (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions	1 Months Ended				3 Months Ended							9 Months Ended
	Oct. 31, 2011	Sep. 25, 2011	Aug. 31, 2011	Jan. 31, 2011	Dec. 31, 2011	Sep. 25, 2011	Jun. 26, 2011	Mar. 27, 2011	Sep. 26, 2010	Jun. 27, 2010	Mar. 28, 2010	Sep. 25, 2011	Sep. 26, 2010	Sep. 27, 2011	Sep. 09, 2011	Dec. 31, 2010
Debt instrument, face amount		$ 7,545,000,000				$ 7,545,000,000						$ 7,545,000,000			$ 2,000,000,000	$ 5,524,000,000
Premium that will be recognized in other non-operating income (expense), net	$ 26,000,000
Additional amount to increase credit facility, at banks' discretion			$ 500,000,000
Repurchases of common stock, shares												29.9	19.8
Additional authorized amount under stock repurchase program		$ 2,500,000,000	1,000,000,000
Total authorized amount under stock repurchase program												$ 6,500,000,000
Number of shares repurchased in current period but settled and paid for in subsequent period	0.1
Value of shares repurchased in current period but settled and paid for in subsequent period	$ 9,000,000
Cash paid for repurchases of common stock												2,317,000,000	$ 1,566,000,000
Repurchases of common stock												$ 2,263,000,000	1,566,000,000
Value of shares repurchased in prior period but paid for in current period				$ 63,000,000
Number of shares repurchased under the share repurchase program		41.1				41.1						41.1
Value of stock repurchased under share repurchase program						$ 3,038,000,000
Remaining authorized repurchase amount						$ 3,462,000,000
Common stock par value, per share (in USD)		$ 1				$ 1						$ 1				$ 1
Total options granted, shares				2.5
Exercise price, per share (in USD)				$ 79.60
Fair value of option on the date of grant, per share (in USD)				$ 13.06
Number of years over which stock options vest				three
Common stock dividends												$ 770,000,000	$ 700,000,000
Dividends payable		$ 323,000,000				$ 323,000,000						$ 323,000,000
Common stock dividends declared, per share (in USD)					$ 1.00
Dividend paid, per share (in USD)						$ 0.75	$ 0.75	$ 0.75	$ 0.63	$ 0.63	$ 0.63	$ 2.25	$ 1.89
Adjustment for postretirement benefit plans, net of tax						$ 171,000,000			$ 116,000,000			$ 501,000,000	$ 347,000,000
Federal and foreign income tax payments made, net of refunds received												562,000,000	326,000,000
Refund received from the IRS related to estimated taxes paid for the prior year												250,000,000	325,000,000
Increase in operating profit, net of state taxes, due to changes in estimates						425,000,000			325,000,000			1,175,000,000	975,000,000
Increase in net earnings due to changes in estimates						$ 275,000,000			$ 200,000,000			$ 775,000,000	$ 625,000,000
Increase in diluted earnings per share due to changes in estimates, per share (in USD)						$ 0.80			$ 0.55			$ 2.25	$ 1.70
Cash paid for acquisition														$ 420,000,000
2.13% Fixed Coupon Interest Rate Due In 2016 [Member]
Debt instrument, face amount															$ 500,000,000
Long-term note, interest rate															2.13%
3.35% Fixed Coupon Interest Rate Due In 2021 [Member]
Debt instrument, face amount															$ 900,000,000
Long-term note, interest rate															3.35%
4.85% Fixed Coupon Interest Rate Due In 2041 [Member]
Debt instrument, face amount															$ 600,000,000
Long-term note, interest rate															4.85%
4.12% Fixed Coupon Interest Rate Due In 2013 [Member]
Debt instrument, face amount		$ 500,000,000				$ 500,000,000						$ 500,000,000
Long-term note, interest rate		4.12%				4.12%						4.12%
Credit Facility Expiring In June 2012 [Member]
Revolving credit facility			1,500,000,000
Credit Facility Expiring In August 2016 [Member]
Revolving credit facility			$ 1,500,000,000
Restricted Stock Units (RSUs) [Member]
Number of years over which stock options vest				three
Number of RSUs granted, shares				1.9
RSUs fair value, per share (in USD)				$ 79.43

Other (Schedule Of Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2011	Sep. 26, 2010	Sep. 25, 2011	Sep. 26, 2010
Other
Net earnings	$ 700	$ 560	$ 1,972	$ 1,917
Adjustment for postretirement benefit plans, net of tax	171	116	501	347
Other, net	(67)	24	(58)	5
Total other comprehensive income	104	140	443	352
Comprehensive income	$ 804	$ 700	$ 2,415	$ 2,269

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 8, 9, 10, 11, 12, 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A5
-Appendix A

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e557-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e540-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6508144

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Label	Element	Value
U.S. Treasury Securities [Member]
Available-for-sale securities, current	us-gaap_AvailableForSaleSecuritiesCurrent	$ 500,000,000

- Definition

Investments in debt and equity securities which are categorized neither as trading securities nor held-to-maturity securities and which are intended be sold or mature within one year from the balance sheet date or the normal operating cycle, whichever is longer. Such securities are reported at fair value; unrealized gains (losses) related to Available-for-sale Securities are excluded from earnings and reported in a separate component of shareholders' equity (other comprehensive income), unless the Available-for-sale security is designated as a hedge or is determined to have had an other than temporary decline in fair value below its amortized cost basis. All or a portion of the unrealized holding gain (loss) of an Available-for-sale security that is designated as being hedged in a fair value hedge is recognized in earnings during the period of the hedge, as are other than temporary declines in fair value below the cost basis for investments in equity securities and debt securities that an entity intends to sell or it is more likely than not that it will be required to sell before the recovery of its amortized cost basis. Other than temporary declines in fair value below the cost basis for debt securities categorized as Available-for-sale that an entity does not intend to sell and for which it is not more likely than not that the entity will be required to sell before the recovery of its amortized cost basis are bifurcated into credit losses and losses related to all other factors. Other than temporary declines in fair value below cost basis related to credit losses are recognized in earnings, and losses related to all other factors are recognized in other comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 12
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 16
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Chapter 3
-Section A
-Paragraph 4, 5
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 13, 17
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 25
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6379932&loc=d3e22054-111558

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26626-111562

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15C
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details