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Changes in Contract Estimates at Completion (Tables) | 6 Months Ended
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Jun. 30, 2024
Accounting Policies [Abstract] |
Schedule of Change in Accounting Estimate | Net EAC adjustments had the following impact on our operating results:
|  | Quarter Ended June 30, |  | Six Months Ended June 30,
(dollars in millions, except per share amounts) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Total net sales |  | $ | 3 |  |  | $ | (29) |  |  | $ | (15) |  |  | $ | (69) |
Operating profit |  | (62) |  |  | (30) |  |  | (224) |  |  | (154) |
Income attributable to common shareowners (1) |  | (49) |  |  | (24) |  |  | (177) |  |  | (122) |
Diluted earnings per share attributable to common shareowners (1) |  | $ | (0.04) |  |  | $ | (0.02) |  |  | $ | (0.13) |  |  | $ | (0.08) |
(1) Amounts reflect a U.S. statutory tax rate of 21%, which approximates our tax rate on our EAC adjustments.

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- Definition Tabular disclosure of the change in an accounting estimate, including a change that occurs in an interim period. If a change in accounting estimate affects several future periods (for example, a change in the service life of a depreciable asset) disclose the effect on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), and any related per-share amounts of the current period. Disclosure of the effects of a change in an accounting estimate that occurs in the ordinary course of business (such as uncollectible accounts or inventory obsolescence) is not required, unless the effect is material. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482989/270-10-45-14 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4 + Details
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