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Segment Financial Data | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Financial Data | NOTE 21: SEGMENT FINANCIAL DATA Our operations, for the periods presented herein, are classified into four principal segments: Collins, Pratt & Whitney, RIS and RMD. The segments are generally based on the management structure of the businesses and the grouping of similar operating companies, where each management organization has general operating autonomy over diversified products and services. The results of RIS and RMD reflect the period subsequent to the completion of the Raytheon merger on April 3, 2020. The Company recently announced its intention to streamline the structure of its core businesses into three principal business segments: Collins Aerospace, Pratt & Whitney and Raytheon. The Company plans to determine the exact composition of each segment and implement the reorganization in the second half of 2023, at which time management will begin to manage its operations under its new segment structure. The changes will require the Company to revise its segment reporting. All segment information included in this Form 10-K is reflective of the existing four segments of Collins, Pratt & Whitney, RIS and RMD in accordance with the management structure in place as of December 31, 2022. Collins Aerospace is a leading global provider of technologically advanced aerospace and defense products and aftermarket service solutions for aircraft manufacturers, airlines, and regional, business and general aviation, as well as for defense and commercial space operations. Collins’ product lines include integrated avionics systems, aviation systems, communications systems, navigation systems, electric power generation, management and distribution systems, environmental control systems, flight control systems, air data and aircraft sensing systems, engine control systems, engine components, engine nacelle systems, including thrust reversers and mounting pylons, interior and exterior aircraft lighting, aircraft seating and cargo systems, evacuation systems, landing systems, including landing gear, wheels and braking systems, hoists and winches, fire and ice detection and protection systems, actuation systems, and propeller systems. Collins also designs, manufactures, and supports cabin interior, oxygen systems, food and beverage preparation, storage and galley systems, lavatory and wastewater management systems. Collins’ solutions support human space exploration with environmental control and power systems and extravehicular activity suits and support government and defense customer missions by providing airborne intelligence, surveillance and reconnaissance systems, test and training range systems, crew escape systems, and simulation and training solutions. Collins also provides connected aviation solutions and services through worldwide voice and data communication networks and solutions. Aftermarket services include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, asset management services and information management services. Pratt & Whitney is among the world’s leading suppliers of aircraft engines for commercial, military, business jet and general aviation customers. Pratt & Whitney’s Commercial Engines and Military Engines businesses design, develop, produce and maintain families of large engines for wide- and narrow-body and large regional aircraft for commercial customers and for fighter, bomber, tanker and transport aircraft for military customers. Pratt & Whitney’s small engine business, Pratt & Whitney Canada (P&WC), is among the world’s leading suppliers of engines powering regional airlines, general and business aviation, as well as helicopters. Pratt & Whitney also produces, sells and services military and commercial auxiliary power units. Pratt & Whitney provides fleet management services and aftermarket maintenance, repair and overhaul services in all of these segments. Raytheon Intelligence & Space is a leading provider of integrated space, communication and sensor systems, and cyber and software solutions to intelligence, defense, federal and commercial customers. RIS’s Sensing and Effects business provides intelligence, surveillance and reconnaissance, precision targeting radars, and electronic warfare solutions across all domains, as well as end-to-end space solutions, including missile warning and intelligence, weather, and navigation. RIS Sensing and Effects products include the Multi-Spectral Targeting System (MTS) product family of sensors, Electro Optical Distributed Aperture System (EODAS), AN/APG-79 AESA Radar, AN/APG-82(V)1 AESA Radar, Next Generation Jammer Mid-Band (NGJ-MB), Global Positioning System (GPS) Next-Generation Operational Control System (GPS-OCX), Next Generation Overhead Persistent Infrared (OPIR), and Future Operationally Resilient Ground Evolution (FORGE). RIS’s Command, Control and Communications business provides automated battle management and secure, resilient communications systems, including terminals providing satellite communications connecting submarines, ships, aircraft and ground stations for the U.S. Department of Defense (DoD), identification friend or foe interrogators and transponders, and automation, surveillance, navigation, and landing solutions including the Joint Precision Approach Landing System (JPALS). RIS’s Cyber, Training and Services provides full-spectrum cyber and service solutions in every domain, including offensive and defensive cyber services for certain classified and department of defense customers, cyber protection solutions which secure and monitor information technology (IT) systems and networks across the federal and commercial domains, and high consequence missions which provide classified special mission support and IT intelligence services to certain classified customers. Raytheon Missiles & Defense is a leading provider of end-to-end solutions for U.S. and foreign government customers designed to detect, track and engage threats. RMD’s systems span air, land, sea and space, and are designed to defend against the most sophisticated threats. RMD’s Air Power business provides air-to-air and air-to-ground weapons that deliver power and precision to fourth- and fifth-generation fighters including the Advanced Medium Range Air-to-Air Missile (AMRAAM) and StormBreaker smart weapon, and ground-based sensors for persistent wide-area defense and space surveillance including Early Warning Radar. RMD’s Land Warfare and Air Defense business provides capabilities ranging from precision weapons including Excalibur, Javelin, Stinger and TOW to integrated air and missile defense, including the proven Patriot air and missile defense system, the Guidance Enhanced Missile (GEM-T), the National Advanced Surface-to-Air Missile System (NASAMS) and the GhostEye family of radars, including the Lower Tier Air and Missile Defense Sensor (LTAMDS). RMD’s Naval Power business provides advanced sensors, command and control and weapons to protect ships and sailors around the world, including AIM-9X Sidewinder, Tomahawk, Standard Missile 2 (SM-2) and Standard Missile 6 (SM-6) missiles, and the SPY-6 family of radars. RMD’s Strategic Missile Defense business provides technologically advanced sensors, satellites and interceptors including the AN/TPY-2 radar, Standard Missile 3 (SM-3) Block IA/IB/IIA missiles and development of future integrated missile defense solutions. RMD’s Advanced Technology business focuses on the development and early introduction of next-generation technologies and systems, including hypersonics, counter-hypersonics, directed energy, advanced weapons and next-generation radars. Segment Information. Total sales and operating profit by segment include inter-segment sales which are generally recorded at cost-plus a specified fee or at a negotiated fixed price. These pricing arrangements may result in margins different than what the purchasing segment realizes on the ultimate third-party sales. We present a FAS/CAS operating adjustment outside of segment results, which represents the difference between the service cost component of our pension and PRB expense under the Financial Accounting Standards (FAS) requirements of U.S. GAAP and our pension and PRB expense under U.S. government Cost Accounting Standards (CAS) primarily related to our RIS and RMD segments. While the ultimate liability for pension and PRB costs under FAS and CAS is similar, the pattern of cost recognition is different. Over time, we generally expect to recover the related RIS and RMD pension and PRB liabilities through the pricing of our products and services to the U.S. government. Collins and Pratt & Whitney generally record pension and PRB expense on a FAS basis. Acquisition accounting adjustments include the amortization of acquired intangible assets related to acquisitions, the amortization of the property, plant and equipment fair value adjustment acquired through acquisitions, the amortization of customer contractual obligations related to loss making or below market contracts acquired, and goodwill impairment. These adjustments are not considered part of management’s evaluation of segment results. Segment information for the years ended December 31 are as follows:
|  | Net Sales |  | Operating Profit (Loss) |  | Operating Profit (Loss) Margins
(dollars in millions) |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020
Collins Aerospace |  | $ | 20,597 |  |  | $ | 18,449 |  |  | $ | 19,288 |  |  | $ | 2,343 |  |  | $ | 1,759 |  |  | $ | 1,466 |  |  | 11.4 | % |  | 9.5 | % |  | 7.6 | %
Pratt & Whitney |  | 20,530 |  |  | 18,150 |  |  | 16,799 |  |  | 1,075 |  |  | 454 |  |  | (564) |  |  | 5.2 | % |  | 2.5 | % |  | (3.4) | %
Raytheon Intelligence & Space |  | 14,312 |  |  | 15,180 |  |  | 11,069 |  |  | 1,342 |  |  | 1,833 |  |  | 1,020 |  |  | 9.4 | % |  | 12.1 | % |  | 9.2 | %
Raytheon Missiles & Defense |  | 14,863 |  |  | 15,539 |  |  | 11,396 |  |  | 1,519 |  |  | 2,004 |  |  | 880 |  |  | 10.2 | % |  | 12.9 | % |  | 7.7 | %
Total segment |  | 70,302 |  |  | 67,318 |  |  | 58,552 |  |  | 6,279 |  |  | 6,050 |  |  | 2,802 |  |  | 8.9 | % |  | 9.0 | % |  | 4.8 | %
Eliminations and other (1) |  | (3,228) |  |  | (2,930) |  |  | (1,965) |  |  | (174) |  |  | (133) |  |  | (107) |  |  |  |  |  |  |
Corporate expenses and other unallocated items (2) |  | — |  |  | — |  |  | — |  |  | (318) |  |  | (552) |  |  | (590) |  |  |  |  |  |  |
FAS/CAS operating adjustment |  | — |  |  | — |  |  | — |  |  | 1,520 |  |  | 1,796 |  |  | 1,106 |  |  |  |  |  |  |
Acquisition accounting adjustments(3) |  | — |  |  | — |  |  | — |  |  | (1,893) |  |  | (2,203) |  |  | (5,100) |  |  |  |  |  |  |
Consolidated |  | $ | 67,074 |  |  | $ | 64,388 |  |  | $ | 56,587 |  |  | $ | 5,414 |  |  | $ | 4,958 |  |  | $ | (1,889) |  |  | 8.1 | % |  | 7.7 | % |  | (3.3) | %
(1) Includes the operating results of certain smaller non-reportable business segments. 2020 amounts include Forcepoint, LLC, which was acquired as part of the Raytheon merger, and subsequently disposed of on January 8, 2021. (2) Includes the net expenses related to the U.S. Army’s LTAMDS project. (3) Operating profit (loss) in 2020 includes the $3.2 billion goodwill impairment charge in the second quarter of 2020 related to two Collins reporting units. Refer to “Note 2: Business Acquisitions, Dispositions, Goodwill and Intangible Assets” for additional information.
| Total Assets |  | Capital Expenditures |  | Depreciation & Amortization
(dollars in millions) | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020
Collins Aerospace (1) | $ | 67,030 |  |  | $ | 67,564 |  |  | $ | 655 |  |  | $ | 665 |  |  | $ | 638 |  |  | $ | 742 |  |  | $ | 728 |  |  | $ | 736 |
Pratt & Whitney (1) | 36,205 |  |  | 33,414 |  |  | 949 |  |  | 700 |  |  | 565 |  |  | 724 |  |  | 642 |  |  | 729 |
Raytheon Intelligence & Space (1) | 21,174 |  |  | 21,545 |  |  | 320 |  |  | 305 |  |  | 218 |  |  | 209 |  |  | 187 |  |  | 154 |
Raytheon Missiles & Defense (1) | 27,852 |  |  | 28,766 |  |  | 260 |  |  | 287 |  |  | 280 |  |  | 333 |  |  | 333 |  |  | 228 |
Total segment | 152,261 |  |  | 151,289 |  |  | 2,184 |  |  | 1,957 |  |  | 1,701 |  |  | 2,008 |  |  | 1,890 |  |  | 1,847 |
Corporate, eliminations and other | 6,603 |  |  | 10,115 |  |  | 104 |  |  | 177 |  |  | 94 |  |  | 99 |  |  | 152 |  |  | 155 |
Acquisition accounting adjustments |  |  |  |  |  |  |  |  |  |  | 2,001 |  |  | 2,515 |  |  | 2,154 |
Consolidated | $ | 158,864 |  |  | $ | 161,404 |  |  | $ | 2,288 |  |  | $ | 2,134 |  |  | $ | 1,795 |  |  | $ | 4,108 |  |  | $ | 4,557 |  |  | $ | 4,156 |
(1) Total assets include acquired intangible assets and the property, plant and equipment fair value adjustment. Related amortization expense is included in Acquisition accounting adjustments. Geographic External Sales by Origin and Long-Lived Assets. Geographic external sales are attributed to the geographic regions based on their location of origin. U.S. external sales include export sales to commercial customers outside the U.S. and sales to the U.S. government, commercial and affiliated customers, which are known to be for resale to customers outside the U.S. Long-lived assets are Fixed assets, net attributed to the specific geographic regions.
|  | External Net Sales |  | Long-Lived Assets
(dollars in millions) |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021
United States |  | $ | 57,869 |  |  | $ | 55,837 |  |  | $ | 48,560 |  |  | $ | 12,162 |  |  | $ | 11,731 |
International |  |  |  |  |  |  |  |  |  |
Europe |  | 3,874 |  |  | 3,630 |  |  | 3,696 |  |  | 1,132 |  |  | 1,255 |
Asia Pacific |  | 1,778 |  |  | 1,748 |  |  | 1,574 |  |  | 801 |  |  | 854 |
Middle East and North Africa |  | 173 |  |  | 136 |  |  | 103 |  |  | 113 |  |  | 129 |
Other |  | 3,380 |  |  | 3,037 |  |  | 2,654 |  |  | 962 |  |  | 1,003 |
Consolidated |  | $ | 67,074 |  |  | $ | 64,388 |  |  | $ | 56,587 |  |  | $ | 15,170 |  |  | $ | 14,972 |
Disaggregation of Revenue. We also disaggregate our contracts from customers by geographic region based on customer location, by customer and by sales type. Our geographic region based on customer location uses end user customer location where known or practical to determine, or in instances where the end user customer is not known or not practical to determine, we utilize “ship to” location as the customer location. In addition, for our RIS and RMD segments, we disaggregate our contracts from customers by contract type. We believe these categories best depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Segment sales disaggregated by geographic region for the years ended December 31 are as follows:
| 2022
(dollars in millions) | Collins Aerospace | Pratt & Whitney | Raytheon Intelligence & Space | Raytheon Missiles & Defense | Other | Total
United States | $ | 9,847 |  | $ | 10,433 |  | $ | 11,418 |  | $ | 9,482 |  | $ | 10 |  | $ | 41,190 |
Europe | 5,374 |  | 4,211 |  | 418 |  | 1,108 |  | — |  | 11,111 |
Asia Pacific | 2,021 |  | 3,775 |  | 747 |  | 1,514 |  | — |  | 8,057 |
Middle East and North Africa | 474 |  | 450 |  | 231 |  | 2,444 |  | — |  | 3,599 |
Other | 1,240 |  | 1,658 |  | 141 |  | 78 |  | — |  | 3,117 |
Consolidated net sales | 18,956 |  | 20,527 |  | 12,955 |  | 14,626 |  | 10 |  | 67,074 |
Inter-segment sales | 1,641 |  | 3 |  | 1,357 |  | 237 |  | (3,238) |  | — |
Business segment sales | $ | 20,597 |  | $ | 20,530 |  | $ | 14,312 |  | $ | 14,863 |  | $ | (3,228) |  | $ | 67,074 |
| 2021
(dollars in millions) | Collins Aerospace | Pratt & Whitney | Raytheon Intelligence & Space | Raytheon Missiles & Defense | Other | Total
United States | $ | 9,341 |  | $ | 9,034 |  | $ | 12,126 |  | $ | 9,495 |  | $ | 15 |  | $ | 40,011 |
Europe | 4,421 |  | 3,488 |  | 434 |  | 1,255 |  | — |  | 9,598 |
Asia Pacific | 1,851 |  | 3,885 |  | 771 |  | 1,462 |  | — |  | 7,969 |
Middle East and North Africa | 462 |  | 441 |  | 469 |  | 3,007 |  | — |  | 4,379 |
Other | 915 |  | 1,302 |  | 144 |  | 70 |  | — |  | 2,431 |
Consolidated net sales | 16,990 |  | 18,150 |  | 13,944 |  | 15,289 |  | 15 |  | 64,388 |
Inter-segment sales | 1,459 |  | — |  | 1,236 |  | 250 |  | (2,945) |  | — |
Business segment sales | $ | 18,449 |  | $ | 18,150 |  | $ | 15,180 |  | $ | 15,539 |  | $ | (2,930) |  | $ | 64,388 |
| 2020
(dollars in millions) | Collins Aerospace | Pratt & Whitney | Raytheon Intelligence & Space | Raytheon Missiles & Defense | Other | Total
United States | $ | 10,132 |  | $ | 8,534 |  | $ | 8,704 |  | $ | 6,906 |  | $ | 284 |  | $ | 34,560 |
Europe | 4,643 |  | 2,726 |  | 307 |  | 1,031 |  | 149 |  | 8,856 |
Asia Pacific | 1,810 |  | 4,024 |  | 637 |  | 1,132 |  | 41 |  | 7,644 |
Middle East and North Africa | 421 |  | 505 |  | 410 |  | 2,077 |  | 30 |  | 3,443 |
Other | 904 |  | 1,001 |  | 83 |  | 73 |  | 23 |  | 2,084 |
Consolidated net sales | 17,910 |  | 16,790 |  | 10,141 |  | 11,219 |  | 527 |  | 56,587 |
Inter-segment sales | 1,378 |  | 9 |  | 928 |  | 177 |  | (2,492) |  | — |
Business segment sales | $ | 19,288 |  | $ | 16,799 |  | $ | 11,069 |  | $ | 11,396 |  | $ | (1,965) |  | $ | 56,587 |
Segment sales disaggregated by type of customer for the years ended December 31 are as follows:
| 2022
(dollars in millions) | Collins Aerospace | Pratt & Whitney | Raytheon Intelligence & Space | Raytheon Missiles & Defense | Other | Total
U.S. government (1) | $ | 4,337 |  | $ | 5,272 |  | $ | 11,221 |  | $ | 9,477 |  | $ | 10 |  | $ | 30,317 |
Foreign military sales through the U.S. government | 238 |  | 1,115 |  | 604 |  | 3,085 |  | — |  | 5,042 |
Foreign government direct commercial sales | 978 |  | 474 |  | 827 |  | 2,048 |  | — |  | 4,327 |
Commercial aerospace and other commercial | 13,403 |  | 13,666 |  | 303 |  | 16 |  | — |  | 27,388 |
Consolidated net sales | 18,956 |  | 20,527 |  | 12,955 |  | 14,626 |  | 10 |  | 67,074 |
Inter-segment sales | 1,641 |  | 3 |  | 1,357 |  | 237 |  | (3,238) |  | — |
Business segment sales | $ | 20,597 |  | $ | 20,530 |  | $ | 14,312 |  | $ | 14,863 |  | $ | (3,228) |  | $ | 67,074 |
(1) Excludes foreign military sales through the U.S. government.
| 2021
(dollars in millions) | Collins Aerospace | Pratt & Whitney | Raytheon Intelligence & Space | Raytheon Missiles & Defense | Other | Total
U.S. government (1) | $ | 4,685 |  | $ | 5,140 |  | $ | 11,844 |  | $ | 9,493 |  | $ | 15 |  | $ | 31,177 |
Foreign military sales through the U.S. government | 168 |  | 1,273 |  | 825 |  | 3,280 |  | — |  | 5,546 |
Foreign government direct commercial sales | 1,095 |  | 541 |  | 844 |  | 2,513 |  | — |  | 4,993 |
Commercial aerospace and other commercial | 11,042 |  | 11,196 |  | 431 |  | 3 |  | — |  | 22,672 |
Consolidated net sales | 16,990 |  | 18,150 |  | 13,944 |  | 15,289 |  | 15 |  | 64,388 |
Inter-segment sales | 1,459 |  | — |  | 1,236 |  | 250 |  | (2,945) |  | — |
Business segment sales | $ | 18,449 |  | $ | 18,150 |  | $ | 15,180 |  | $ | 15,539 |  | $ | (2,930) |  | $ | 64,388 |
(1) Excludes foreign military sales through the U.S. government.
| 2020
(dollars in millions) | Collins Aerospace | Pratt & Whitney | Raytheon Intelligence & Space | Raytheon Missiles & Defense | Other | Total
U.S. government (1) | $ | 5,159 |  | $ | 5,193 |  | $ | 8,512 |  | $ | 6,896 |  | $ | 202 |  | $ | 25,962 |
Foreign military sales through the U.S. government | 218 |  | 1,229 |  | 640 |  | 2,498 |  | — |  | 4,585 |
Foreign government direct commercial sales | 923 |  | 583 |  | 740 |  | 1,725 |  | 3 |  | 3,974 |
Commercial aerospace and other commercial | 11,610 |  | 9,785 |  | 249 |  | 100 |  | 322 |  | 22,066 |
Consolidated net sales | 17,910 |  | 16,790 |  | 10,141 |  | 11,219 |  | 527 |  | 56,587 |
Inter-segment sales | 1,378 |  | 9 |  | 928 |  | 177 |  | (2,492) |  | — |
Business segment sales | $ | 19,288 |  | $ | 16,799 |  | $ | 11,069 |  | $ | 11,396 |  | $ | (1,965) |  | $ | 56,587 |
(1) Excludes foreign military sales through the U.S. government. Sales to Airbus primarily relate to Pratt & Whitney and Collins products, and prior to discounts and incentives were approximately 14%, 12% and 13% of total net sales in 2022, 2021 and 2020, respectively. Segment sales disaggregated by sales type for the years ended December 31 are as follows:
| 2022
(dollars in millions) | Collins Aerospace | Pratt & Whitney | Raytheon Intelligence & Space | Raytheon Missiles & Defense | Other | Total
Products | $ | 14,857 |  | $ | 12,411 |  | $ | 10,261 |  | $ | 13,234 |  | $ | 10 |  | $ | 50,773 |
Services | 4,099 |  | 8,116 |  | 2,694 |  | 1,392 |  | — |  | 16,301 |
Consolidated net sales | 18,956 |  | 20,527 |  | 12,955 |  | 14,626 |  | 10 |  | 67,074 |
Inter-segment sales | 1,641 |  | 3 |  | 1,357 |  | 237 |  | (3,238) |  | — |
Business segment sales | $ | 20,597 |  | $ | 20,530 |  | $ | 14,312 |  | $ | 14,863 |  | $ | (3,228) |  | $ | 67,074 |
| 2021
(dollars in millions) | Collins Aerospace | Pratt & Whitney | Raytheon Intelligence & Space | Raytheon Missiles & Defense | Other | Total
Products | $ | 13,404 |  | $ | 11,189 |  | $ | 10,735 |  | $ | 13,927 |  | $ | 15 |  | $ | 49,270 |
Services | 3,586 |  | 6,961 |  | 3,209 |  | 1,362 |  | — |  | 15,118 |
Consolidated net sales | 16,990 |  | 18,150 |  | 13,944 |  | 15,289 |  | 15 |  | 64,388 |
Inter-segment sales | 1,459 |  | — |  | 1,236 |  | 250 |  | (2,945) |  | — |
Business segment sales | $ | 18,449 |  | $ | 18,150 |  | $ | 15,180 |  | $ | 15,539 |  | $ | (2,930) |  | $ | 64,388 |
| 2020
(dollars in millions) | Collins Aerospace | Pratt & Whitney | Raytheon Intelligence & Space | Raytheon Missiles & Defense | Other | Total
Products | $ | 14,664 |  | $ | 10,186 |  | $ | 7,775 |  | $ | 10,232 |  | $ | 462 |  | $ | 43,319 |
Services | 3,246 |  | 6,604 |  | 2,366 |  | 987 |  | 65 |  | 13,268 |
Consolidated net sales | 17,910 |  | 16,790 |  | 10,141 |  | 11,219 |  | 527 |  | 56,587 |
Inter-segment sales | 1,378 |  | 9 |  | 928 |  | 177 |  | (2,492) |  | — |
Business segment sales | $ | 19,288 |  | $ | 16,799 |  | $ | 11,069 |  | $ | 11,396 |  | $ | (1,965) |  | $ | 56,587 |
RIS and RMD segment sales disaggregated by contract type for the years ended December 31 are as follows:
| 2022 |  | 2021 |  | 2020
(dollars in millions) | Raytheon Intelligence & Space | Raytheon Missiles & Defense |  | Raytheon Intelligence & Space | Raytheon Missiles & Defense |  | Raytheon Intelligence & Space | Raytheon Missiles & Defense
Fixed-price | $ | 5,357 |  | $ | 8,763 |  |  | $ | 6,338 |  | $ | 9,406 |  |  | $ | 4,526 |  | $ | 7,080 |
Cost-type | 7,598 |  | 5,863 |  |  | 7,606 |  | 5,883 |  |  | 5,615 |  | 4,139 |
Consolidated net sales | 12,955 |  | 14,626 |  |  | 13,944 |  | 15,289 |  |  | 10,141 |  | 11,219 |
Inter-segment sales | 1,357 |  | 237 |  |  | 1,236 |  | 250 |  |  | 928 |  | 177 |
Business segment sales | $ | 14,312 |  | $ | 14,863 |  |  | $ | 15,180 |  | $ | 15,539 |  |  | $ | 11,069 |  | $ | 11,396 |

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- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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