v3.25.4

Consolidated Statement of Earnings - USD ($) $ in Millions	12 Months Ended
Consolidated Statement of Earnings - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenue:
Revenue	$ 52,550	$ 47,716	$ 42,272
Operating costs and expenses:
General and administrative (G&A)	(2,595)	(2,568)	(2,427)
Operating costs and expenses, Total	(47,194)	(42,920)	(38,027)
Operating earnings	5,356	4,796	4,245
Other, net	61	68	82
Interest, net	(314)	(324)	(343)
Earnings before income tax	5,103	4,540	3,984
Provision for income tax, net	(893)	(758)	(669)
Net earnings	$ 4,210	$ 3,782	$ 3,315
Earnings per share
Basic (in dollars per share)	$ 15.65	$ 13.81	$ 12.14
Diluted (in dollars per share)	$ 15.45	$ 13.63	$ 12.02
Products
Revenue:
Revenue	$ 33,021	$ 28,635	$ 24,595
Operating costs and expenses:
Cost of sales	(27,965)	(24,332)	(20,591)
Services
Revenue:
Revenue	19,529	19,081	17,677
Operating costs and expenses:
Cost of sales	$ (16,634)	$ (16,020)	$ (15,009)

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

GENERAL DYNAMICS CORP 10-K