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BUSINESS SEGMENTS INFORMATION (Tables) | 9 Months Ended
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Sep. 25, 2016
Summary of Financial Information For Each Business Segment | Summary operating results for each of our business segments were as follows (in millions):
|  | Quarters Ended |  |  | Nine Months Ended |
|  | September 25, 2016 |  |  | September 27, 2015 |  |  | September 25, 2016 |  |  | September 27, 2015 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 4,188 |  |  | $ | 3,921 |  |  | $ | 12,362 |  |  | $ | 11,186 |
Missiles and Fire Control |  |  | 1,737 |  |  |  | 1,769 |  |  |  | 4,851 |  |  |  | 4,801 |
Rotary and Mission Systems |  |  | 3,346 |  |  |  | 2,162 |  |  |  | 9,653 |  |  |  | 6,306 |
Space Systems |  |  | 2,280 |  |  |  | 2,208 |  |  |  | 6,630 |  |  |  | 6,723 |
Total net sales |  | $ | 11,551 |  |  | $ | 10,060 |  |  | $ | 33,496 |  |  | $ | 29,016 |
Operating profit |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 437 |  |  | $ | 418 |  |  | $ | 1,335 |  |  | $ | 1,233 |
Missiles and Fire Control |  |  | 289 |  |  |  | 316 |  |  |  | 763 |  |  |  | 895 |
Rotary and Mission Systems |  |  | 247 |  |  |  | 245 |  |  |  | 678 |  |  |  | 687 |
Space Systems |  |  | 450 |  |  |  | 265 |  |  |  | 1,034 |  |  |  | 883 |
Total business segment operating profit |  |  | 1,423 |  |  |  | 1,244 |  |  |  | 3,810 |  |  |  | 3,698 |
Unallocated items |  |  |  |  |  |  |  |  |  |  |  |
FAS pension expense (a) |  |  | (256) |  |  |  | (280) |  |  |  | (758) |  |  |  | (841) |
Less: CAS pension cost (a) |  |  | 482 |  |  |  | 382 |  |  |  | 1,430 |  |  |  | 1,146 |
FAS/CAS pension adjustment (a) |  |  | 226 |  |  |  | 102 |  |  |  | 672 |  |  |  | 305 |
Stock-based compensation |  |  | (28) |  |  |  | (27) |  |  |  | (124) |  |  |  | (112) |
Severance charges |  |  | — |  |  |  | (15) |  |  |  | (80) |  |  |  | (15) |
Other, net |  |  | (33) |  |  |  | (112) |  |  |  | (157) |  |  |  | (264) |
Total unallocated items |  |  | 165 |  |  |  | (52) |  |  |  | 311 |  |  |  | (86) |
Total consolidated operating profit |  | $ | 1,588 |  |  | $ | 1,192 |  |  | $ | 4,121 |  |  | $ | 3,612 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 30 |  |  | $ | 22 |  |  | $ | 105 |  |  | $ | 68 |
Missiles and Fire Control |  |  | 81 |  |  |  | 86 |  |  |  | 225 |  |  |  | 241 |
Rotary and Mission Systems |  |  | 469 |  |  |  | 364 |  |  |  | 1,382 |  |  |  | 1,066 |
Space Systems |  |  | 21 |  |  |  | 39 |  |  |  | 90 |  |  |  | 108 |
Total intersegment sales |  | $ | 601 |  |  | $ | 511 |  |  | $ | 1,802 |  |  | $ | 1,483 |
(a) | FAS pension expense and CAS pension costs reflect the reclassification for discontinued operations presentation of benefits related to former IS&GS salaried employees (See Note 7).
Selected Financial Data By Business Segment | Total assets for each of our business segments were as follows (in millions):
|  | September 25, 2016 |  |  | December 31, 2015 |
Assets |  |  |  |  |  |  |  |
Aeronautics |  | $ | 8,012 |  |  | $ | 6,618 |
Missiles and Fire Control |  |  | 3,950 |  |  |  | 4,027 |
Rotary and Mission Systems |  |  | 18,978 |  |  |  | 19,187 |
Space Systems |  |  | 5,396 |  |  |  | 4,861 |
Total business segment assets |  |  | 36,336 |  |  |  | 34,693 |
Assets of discontinued operations |  |  | — |  |  |  | 4,130 |
Corporate assets (a) |  |  | 12,403 |  |  |  | 10,481 |
Total assets |  | $ | 48,739 |  |  | $ | 49,304 |
(a) | Corporate assets primarily include cash and cash equivalents, deferred income taxes, environmental receivables and investments held in a separate trust to fund certain of our non-qualified deferred compensation plans.

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