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Information on Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2016
Summary Of Financial Information For Each Business Segment | Summary operating results for each of our business segments were as follows (in millions):
|  | 2016 |  |  | 2015 |  |  | 2014 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 17,769 |  |  | $ | 15,570 |  |  | $ | 14,920 |
Missiles and Fire Control |  |  | 6,608 |  |  |  | 6,770 |  |  |  | 7,092 |
Rotary and Mission Systems |  |  | 13,462 |  |  |  | 9,091 |  |  |  | 8,732 |
Space Systems |  |  | 9,409 |  |  |  | 9,105 |  |  |  | 9,202 |
Total net sales |  | $ | 47,248 |  |  | $ | 40,536 |  |  | $ | 39,946 |
Operating profit |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 1,887 |  |  | $ | 1,681 |  |  | $ | 1,649 |
Missiles and Fire Control |  |  | 1,018 |  |  |  | 1,282 |  |  |  | 1,344 |
Rotary and Mission Systems |  |  | 906 |  |  |  | 844 |  |  |  | 936 |
Space Systems |  |  | 1,289 |  |  |  | 1,171 |  |  |  | 1,187 |
Total business segment operating profit |  |  | 5,100 |  |  |  | 4,978 |  |  |  | 5,116 |
Unallocated items |  |  |  |  |  |  |  |  |  |  |  |
FAS/CAS pension adjustment |  |  |  |  |  |  |  |  |  |  |  |
FAS pension expense (a) |  |  | (1,019 | ) |  |  | (1,127 | ) |  |  | (1,099) |
Less: CAS pension cost (a) (b) |  |  | 1,921 |  |  |  | 1,527 |  |  |  | 1,416 |
FAS/CAS pension adjustment |  |  | 902 |  |  |  | 400 |  |  |  | 317 |
Severance charges (a) (c) |  |  | (80 | ) |  |  | (82 | ) |  |  | — |
Stock-based compensation |  |  | (149 | ) |  |  | (133 | ) |  |  | (154) |
Other, net (d), (e) |  |  | (224 | ) |  |  | (451 | ) |  |  | (267) |
Total unallocated items |  |  | 449 |  |  |  | (266 | ) |  |  | (104) |
Total consolidated operating profit |  | $ | 5,549 |  |  | $ | 4,712 |  |  | $ | 5,012 |
(a) | FAS pension expense, CAS pension costs and severance charges reflect the reclassification for discontinued operations presentation of benefits related to former IS&GS salaried employees (see “Note 11 – Postretirement Plans”).
(b) | The higher CAS pension cost primarily reflects the impact of phasing in CAS Harmonization.
(c) | See “Note 15 – Restructuring Charges” for information on charges related to certain severance actions at our business segments. Severance charges for initiatives that are not significant are included in business segment operating profit.
(d) | Other, net in 2015 includes a non-cash asset impairment charge of approximately $90 million related to our decision in 2015 to divest our LMCFT business (see “Note 3 – Acquisitions and Divestitures”). This charge was partially offset by a net deferred tax benefit of about $80 million, which is recorded in income tax expense. The net impact reduced net earnings by about $10 million.
(e) | Other, net in 2015 includes approximately $38 million of non-recoverable transaction costs associated with the acquisition of Sikorsky.
|  | 2016 |  |  | 2015 |  |  | 2014 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 137 |  |  | $ | 102 |  |  | $ | 103 |
Missiles and Fire Control |  |  | 305 |  |  |  | 315 |  |  |  | 256 |
Rotary and Mission Systems |  |  | 1,816 |  |  |  | 1,533 |  |  |  | 1,245 |
Space Systems |  |  | 110 |  |  |  | 146 |  |  |  | 137 |
Total intersegment sales |  | $ | 2,368 |  |  | $ | 2,096 |  |  | $ | 1,741 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 299 |  |  | $ | 317 |  |  | $ | 322 |
Missiles and Fire Control |  |  | 105 |  |  |  | 99 |  |  |  | 99 |
Rotary and Mission Systems |  |  | 476 |  |  |  | 211 |  |  |  | 167 |
Space Systems |  |  | 212 |  |  |  | 220 |  |  |  | 232 |
Total business segment depreciation and amortization |  |  | 1,092 |  |  |  | 847 |  |  |  | 820 |
Corporate activities |  |  | 75 |  |  |  | 98 |  |  |  | 107 |
Total depreciation and amortization (a) |  | $ | 1,167 |  |  | $ | 945 |  |  | $ | 927 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 358 |  |  | $ | 387 |  |  | $ | 283 |
Missiles and Fire Control |  |  | 167 |  |  |  | 120 |  |  |  | 142 |
Rotary and Mission Systems |  |  | 271 |  |  |  | 169 |  |  |  | 164 |
Space Systems |  |  | 183 |  |  |  | 172 |  |  |  | 172 |
Total business segment capital expenditures |  |  | 979 |  |  |  | 848 |  |  |  | 761 |
Corporate activities |  |  | 75 |  |  |  | 60 |  |  |  | 66 |
Total capital expenditures (b) |  | $ | 1,054 |  |  | $ | 908 |  |  | $ | 827 |
(a) | Total depreciation and amortization in the table above excludes $48 million, $81 million and $67 million for the years ended December 31, 2016, 2015 and 2014 related to the former IS&GS business segment. These amounts are included in depreciation and amortization in our consolidated statements of cash flows as we did not reclassify our cash flows to exclude the IS&GS business segment. See “Note 3 – Acquisitions and Divestitures” for more information.
(b) | Total capital expenditures in the table above excludes $9 million, $31 million and $18 million for the years ended December 31, 2016, 2015 and 2014 related to the former IS&GS business segment. These amounts are included in capital expenditures in our consolidated statements of cash flows as we did not reclassify our cash flows to exclude the IS&GS business segment. See “Note 3 – Acquisitions and Divestitures” for more information.
Net Sales By Customer Category | Net sales by customer category were as follows (in millions):
|  | 2016 |  |  | 2015 |  |  | 2014 |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 11,714 |  |  | $ | 11,195 |  |  | $ | 10,704 |
Missiles and Fire Control |  |  | 4,026 |  |  |  | 4,150 |  |  |  | 4,509 |
Rotary and Mission Systems |  |  | 9,187 |  |  |  | 6,961 |  |  |  | 6,752 |
Space Systems |  |  | 8,543 |  |  |  | 8,845 |  |  |  | 8,921 |
Total U.S. Government net sales |  | $ | 33,470 |  |  | $ | 31,151 |  |  | $ | 30,886 |
International (a) |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 5,973 |  |  | $ | 4,328 |  |  | $ | 4,183 |
Missiles and Fire Control |  |  | 2,444 |  |  |  | 2,449 |  |  |  | 2,421 |
Rotary and Mission Systems |  |  | 3,798 |  |  |  | 2,016 |  |  |  | 1,921 |
Space Systems |  |  | 488 |  |  |  | 218 |  |  |  | 89 |
Total international net sales |  | $ | 12,703 |  |  | $ | 9,011 |  |  | $ | 8,614 |
U.S. Commercial and Other |  |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  | $ | 82 |  |  | $ | 47 |  |  | $ | 33 |
Missiles and Fire Control |  |  | 138 |  |  |  | 171 |  |  |  | 162 |
Rotary and Mission Systems |  |  | 477 |  |  |  | 114 |  |  |  | 59 |
Space Systems |  |  | 378 |  |  |  | 42 |  |  |  | 192 |
Total U.S. commercial and other net sales |  | $ | 1,075 |  |  | $ | 374 |  |  | $ | 446 |
Total net sales |  | $ | 47,248 |  |  | $ | 40,536 |  |  | $ | 39,946 |
(a) | International sales include foreign military sales contracted through the U.S. Government, direct commercial sales with international governments and commercial and other sales to international customers.
Selected Financial Data By Business Segment | Total assets and customer advances and amounts in excess of costs incurred for each of our business segments were as follows (in millions):
|  | 2016 |  |  | 2015 |
Assets (a) |  |  |  |  |  |  |  |
Aeronautics |  | $ | 7,896 |  |  | $ | 6,618 |
Missiles and Fire Control |  |  | 4,000 |  |  |  | 4,027 |
Rotary and Mission Systems |  |  | 18,367 |  |  |  | 19,187 |
Space Systems |  |  | 5,250 |  |  |  | 4,861 |
Total business segment assets |  |  | 35,513 |  |  |  | 34,693 |
Assets of discontinued operations |  |  | — |  |  |  | 4,130 |
Corporate assets (b) |  |  | 12,293 |  |  |  | 10,481 |
Total assets |  | $ | 47,806 |  |  | $ | 49,304 |
Customer advances and amounts in excess of costs incurred |  |  |  |  |  |  |  |
Aeronautics |  | $ | 2,133 |  |  | $ | 2,045 |
Missiles and Fire Control |  |  | 1,517 |  |  |  | 1,766 |
Rotary and Mission Systems |  |  | 2,590 |  |  |  | 2,415 |
Space Systems |  |  | 536 |  |  |  | 477 |
Total customer advances and amounts in excess of costs incurred |  | $ | 6,776 |  |  | $ | 6,703 |
(a) | We have no long-lived assets with material carrying values located in foreign countries.
(b) | Corporate assets primarily include cash and cash equivalents, deferred income taxes, environmental receivables and investments held in a separate trust.

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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