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INFORMATION ON BUSINESS SEGMENTS (Tables) | 3 Months Ended
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Mar. 26, 2017
Summary Of Financial Information For Each Business Segment | Summary operating results for each of our business segments were as follows (in millions):
|  | Quarters Ended |
|  | March 26, 2017 |  |  | March 27, 2016 |
Net sales |  |  |  |  |  |  |  |
Aeronautics |  | $ | 4,106 |  |  | $ | 3,799 |
Missiles and Fire Control |  |  | 1,489 |  |  |  | 1,434 |
Rotary and Mission Systems |  |  | 3,101 |  |  |  | 3,004 |
Space Systems |  |  | 2,361 |  |  |  | 2,131 |
Total net sales |  | $ | 11,057 |  |  | $ | 10,368 |
Operating profit |  |  |  |  |  |  |  |
Aeronautics |  | $ | 436 |  |  | $ | 420 |
Missiles and Fire Control |  |  | 219 |  |  |  | 221 |
Rotary and Mission Systems |  |  | 108 |  |  |  | 229 |
Space Systems |  |  | 288 |  |  |  | 244 |
Total business segment operating profit |  |  | 1,051 |  |  |  | 1,114 |
Unallocated items |  |  |  |  |  |  |  |
FAS/CAS pension adjustment |  |  |  |  |  |  |  |
FAS pension expense |  |  | (345) |  |  |  | (251) |
Less: CAS pension cost |  |  | 562 |  |  |  | 475 |
FAS/CAS pension adjustment |  |  | 217 |  |  |  | 224 |
Stock-based compensation |  |  | (44) |  |  |  | (44) |
Severance charges |  |  | — |  |  |  | (80) |
Other, net (a) (b) |  |  | (75) |  |  |  | (56) |
Total unallocated items |  |  | 98 |  |  |  | 44 |
Total consolidated operating profit |  | $ | 1,149 |  |  | $ | 1,158 |
Intersegment sales |  |  |  |  |  |  |  |
Aeronautics |  | $ | 32 |  |  | $ | 36 |
Missiles and Fire Control |  |  | 64 |  |  |  | 75 |
Rotary and Mission Systems |  |  | 439 |  |  |  | 447 |
Space Systems |  |  | 26 |  |  |  | 33 |
Total intersegment sales |  | $ | 561 |  |  | $ | 591 |
(a) | In the first quarter of 2017, we recognized a $64 million charge, which represents our portion of a noncash asset impairment charge recorded by an international equity method investee. See “Note 9 – Other” (under the caption “Equity Method Investee Impairment”) for more information.
(b) | As a result of the IS&GS divestiture in August 2016, we reclassified $35 million of general corporate overhead costs incurred in the first quarter of 2016 and previously allocated to the IS&GS business segment. These costs were not reported as discontinued operations because they were not directly attributable to the IS&GS business and will continue to be incurred by us. See “Note 3 – Divestitures” for more information.
Total assets for each of our business segments were as follows (in millions):
|  | March 26, 2017 |  |  | December 31, 2016 |
Assets |  |  |  |  |  |  |  |
Aeronautics |  | $ | 7,900 |  |  | $ | 7,896 |
Missiles and Fire Control |  |  | 4,322 |  |  |  | 4,000 |
Rotary and Mission Systems |  |  | 18,435 |  |  |  | 18,367 |
Space Systems |  |  | 5,545 |  |  |  | 5,250 |
Total business segment assets |  |  | 36,202 |  |  |  | 35,513 |
Corporate assets (a) |  |  | 12,634 |  |  |  | 12,293 |
Total assets |  | $ | 48,836 |  |  | $ | 47,806 |
(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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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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