NORTHROP GRUMMAN CORP /DE/ | 2013 | FY | 3


INVENTORIED COSTS, NET
Inventoried costs consisted of the following:
 
 
December 31
$ in millions
 
2013
 
2012
Production costs of contracts in process
 

$ 1,342

 

$ 1,593

General and administrative expenses
 
259

 
262

 
 
1,601

 
1,855

Progress and performance-based payments received
 
(1,005
)
 
(1,167
)
 
 
596

 
688

Product inventory
 
102

 
110

Total inventoried costs, net
 

$ 698

 

$ 798


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