Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Accession number 0001133421-14-000006
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1133421/000113342114000006/noc-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The tax effects of significant temporary differences and carryforwards that gave rise to year-end deferred federal, state and foreign tax balances, as presented in the consolidated statements of financial position, are as follows:
 
 
December 31
$ in millions
 
2013
 
2012
Deferred Tax Assets
 
 
 
 
Retirement benefits
 

$1,308

 

$2,710

Provisions for accrued liabilities
 
646

 
675

Stock-based compensation
 
109

 
146

Other
 
144

 
151

Gross deferred tax assets
 
2,207

 
3,682

Less valuation allowance
 
(55
)
 
(52
)
Net deferred tax assets
 
2,152

 
3,630

Deferred Tax Liabilities
 
 
 
 
Goodwill
 
806

 
804

Property, plant, and equipment, net
 
348

 
376

Contract accounting differences
 
134

 
199

Other
 
50

 
135

Gross deferred tax liabilities
 
1,338

 
1,514

Total net deferred tax assets
 

$ 814

 

$2,116

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 2,207,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -55,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 2,152,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -1,338,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 814,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent 0 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 814,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 2,152,000,000
Deferred tax liabilities, net -1,338,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 814,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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