Lockheed Martin's accounts receivable in the 2023 financial statement include billed and unbilled costs and accrued profit primarily related to sales and long-term contracts recognized in financial statements but not yet billed to the customers. The number of receivables presented in the financial statement and reported in the notes to financial stateside is valued at fair value. Lockheed Martin has recorded receivables totaling $2,132 million as of December 2023 and $2,505 million in 2022.