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Information on Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Summary Of Financial Information For Each Business Segment | Sales and operating profit for each of our business segments were as follows (in millions):
|  | 2022 |  | 2021 |  | 2020
Net sales |  |  |  |  |  |
Aeronautics |  | $ | 26,987 |  |  | $ | 26,748 |  |  | $ | 26,266 |
Missiles and Fire Control |  | 11,317 |  |  | 11,693 |  |  | 11,257 |
Rotary and Mission Systems |  | 16,148 |  |  | 16,789 |  |  | 15,995 |
Space |  | 11,532 |  |  | 11,814 |  |  | 11,880 |
Total net sales |  | $ | 65,984 |  |  | $ | 67,044 |  |  | $ | 65,398 |
Operating profit |  |  |  |  |  |
Aeronautics |  | $ | 2,866 |  |  | $ | 2,799 |  |  | $ | 2,843 |
Missiles and Fire Control |  | 1,635 |  |  | 1,648 |  |  | 1,545 |
Rotary and Mission Systems |  | 1,673 |  |  | 1,798 |  |  | 1,615 |
Space |  | 1,045 |  |  | 1,134 |  |  | 1,149 |
Total business segment operating profit |  | 7,219 |  |  | 7,379 |  |  | 7,152 |
Unallocated items |  |  |  |  |  |
FAS/CAS pension operating adjustment |  | 1,709 |  |  | 1,960 |  |  | 1,876 |
Severance and other charges (a) |  | (100) |  |  | (36) |  |  | (27) |
Other, net (b) |  | (480) |  |  | (180) |  |  | (357) |
Total unallocated, net |  | 1,129 |  |  | 1,744 |  |  | 1,492 |
Total consolidated operating profit |  | $ | 8,348 |  |  | $ | 9,123 |  |  | $ | 8,644 |
(a)Severance and other charges in 2022 include $100 million ($79 million, or $0.31 per share, after-tax) charge related to actions at our RMS business segment, which include severance costs for reduction of positions and asset impairment charges; $36 million ($28 million, or $0.10 per share, after-tax) charge during 2021 associated with plans to close and consolidate certain facilities and reduce total workforce within our RMS business segment; and $27 million ($21 million, or $0.08 per share, after-tax) charge during 2020 related to the planned elimination of certain positions primarily at our corporate functions. (b)Other, net in 2020 includes a noncash impairment charge of $128 million ($96 million, or $0.34 per share, after-tax) for our investment in the international equity method investee, AMMROC. (See “Note 1 – Organization and Significant Accounting Policies”). The total FAS/CAS pension adjustments, including the service and non-service cost components of FAS pension (expense) income for our qualified defined benefit pension plans, were as follows (in millions):
|  | 2022 |  | 2021 |  | 2020
Total FAS (expense) income and CAS cost |  |  |  |  |  |
FAS pension (expense) income |  | $ | (1,058) |  |  | $ | (1,398) |  |  | $ | 118 |
Less: CAS pension cost |  | 1,796 |  |  | 2,066 |  |  | 1,977 |
Total FAS/CAS pension adjustment |  | $ | 738 |  |  | $ | 668 |  |  | $ | 2,095 |
Service and non-service cost reconciliation |  |  |  |  |  |
FAS pension service cost |  | $ | (87) |  |  | $ | (106) |  |  | $ | (101) |
Less: CAS pension cost |  | 1,796 |  |  | 2,066 |  |  | 1,977 |
Total FAS/CAS pension operating adjustment |  | 1,709 |  |  | 1,960 |  |  | 1,876 |
Non-service FAS pension (expense) income |  | (971) |  |  | (1,292) |  |  | 219 |
Total FAS/CAS pension adjustment |  | $ | 738 |  |  | $ | 668 |  |  | $ | 2,095 |
Sales between our business segments are excluded from our consolidated and segment operating results as these activities are eliminated in consolidation. Intersegment sales for each of our business segments were as follows (in millions):
|  | 2022 |  | 2021 |  | 2020
Intersegment sales |  |  |  |  |  |
Aeronautics |  | $ | 249 |  |  | $ | 219 |  |  | $ | 243 |
Missiles and Fire Control |  | 627 |  |  | 618 |  |  | 562 |
Rotary and Mission Systems |  | 1,930 |  |  | 1,895 |  |  | 1,903 |
Space |  | 381 |  |  | 360 |  |  | 377 |
Total intersegment sales |  | $ | 3,187 |  |  | $ | 3,092 |  |  | $ | 3,085 |
Net sales by products and services, contract type, customer category and geographic region for each of our business segments were as follows (in millions):
|  | 2022
|  | Aeronautics |  | MFC |  | RMS |  | Space |  | Total
Net sales |  |  |  |  |  |  |  |  |  |
Products |  | $ | 22,870 |  |  | $ | 10,048 |  |  | $ | 12,811 |  |  | $ | 9,737 |  |  | $ | 55,466 |
Services |  | 4,117 |  |  | 1,269 |  |  | 3,337 |  |  | 1,795 |  |  | 10,518 |
Total net sales |  | $ | 26,987 |  |  | $ | 11,317 |  |  | $ | 16,148 |  |  | $ | 11,532 |  |  | $ | 65,984 |
Net sales by contract type |  |  |  |  |  |  |  |  |  |
Fixed-price |  | $ | 19,431 |  |  | $ | 8,014 |  |  | $ | 10,460 |  |  | $ | 3,064 |  |  | $ | 40,969 |
Cost-reimbursable |  | 7,556 |  |  | 3,303 |  |  | 5,688 |  |  | 8,468 |  |  | 25,015 |
Total net sales |  | $ | 26,987 |  |  | $ | 11,317 |  |  | $ | 16,148 |  |  | $ | 11,532 |  |  | $ | 65,984 |
Net sales by customer |  |  |  |  |  |  |  |  |  |
U.S. Government |  | $ | 18,026 |  |  | $ | 7,814 |  |  | $ | 11,331 |  |  | $ | 11,344 |  |  | $ | 48,515 |
International (a) |  | 8,811 |  |  | 3,496 |  |  | 4,470 |  |  | 154 |  |  | 16,931 |
U.S. commercial and other |  | 150 |  |  | 7 |  |  | 347 |  |  | 34 |  |  | 538 |
Total net sales |  | $ | 26,987 |  |  | $ | 11,317 |  |  | $ | 16,148 |  |  | $ | 11,532 |  |  | $ | 65,984 |
Net sales by geographic region |  |  |  |  |  |  |  |  |  |
United States |  | $ | 18,176 |  |  | $ | 7,821 |  |  | $ | 11,678 |  |  | $ | 11,378 |  |  | $ | 49,053 |
Europe |  | 4,303 |  |  | 1,020 |  |  | 857 |  |  | 87 |  |  | 6,267 |
Asia Pacific |  | 2,970 |  |  | 461 |  |  | 1,994 |  |  | 54 |  |  | 5,479 |
Middle East |  | 1,103 |  |  | 1,858 |  |  | 823 |  |  | 12 |  |  | 3,796 |
Other |  | 435 |  |  | 157 |  |  | 796 |  |  | 1 |  |  | 1,389 |
Total net sales |  | $ | 26,987 |  |  | $ | 11,317 |  |  | $ | 16,148 |  |  | $ | 11,532 |  |  | $ | 65,984 |
|  | 2021
|  | Aeronautics |  | MFC |  | RMS |  | Space |  | Total
Net sales |  |  |  |  |  |  |  |  |  |
Products |  | $ | 22,631 |  |  | $ | 10,269 |  |  | $ | 13,483 |  |  | $ | 10,052 |  |  | $ | 56,435 |
Services |  | 4,117 |  |  | 1,424 |  |  | 3,306 |  |  | 1,762 |  |  | 10,609 |
Total net sales |  | $ | 26,748 |  |  | $ | 11,693 |  |  | $ | 16,789 |  |  | $ | 11,814 |  |  | $ | 67,044 |
Net sales by contract type |  |  |  |  |  |  |  |  |  |
Fixed-price |  | $ | 19,734 |  |  | $ | 8,079 |  |  | $ | 11,125 |  |  | $ | 2,671 |  |  | $ | 41,609 |
Cost-reimbursable |  | 7,014 |  |  | 3,614 |  |  | 5,664 |  |  | 9,143 |  |  | 25,435 |
Total net sales |  | $ | 26,748 |  |  | $ | 11,693 |  |  | $ | 16,789 |  |  | $ | 11,814 |  |  | $ | 67,044 |
Net sales by customer |  |  |  |  |  |  |  |  |  |
U.S. Government |  | $ | 17,262 |  |  | $ | 8,341 |  |  | $ | 11,736 |  |  | $ | 10,811 |  |  | $ | 48,150 |
International (a) |  | 9,403 |  |  | 3,346 |  |  | 4,719 |  |  | 971 |  |  | 18,439 |
U.S. commercial and other |  | 83 |  |  | 6 |  |  | 334 |  |  | 32 |  |  | 455 |
Total net sales |  | $ | 26,748 |  |  | $ | 11,693 |  |  | $ | 16,789 |  |  | $ | 11,814 |  |  | $ | 67,044 |
Net sales by geographic region |  |  |  |  |  |  |  |  |  |
United States |  | $ | 17,345 |  |  | $ | 8,347 |  |  | $ | 12,070 |  |  | $ | 10,843 |  |  | $ | 48,605 |
Europe |  | 3,973 |  |  | 910 |  |  | 909 |  |  | 968 |  |  | 6,760 |
Asia Pacific |  | 3,644 |  |  | 292 |  |  | 2,178 |  |  | (6) |  |  | 6,108 |
Middle East |  | 1,351 |  |  | 2,066 |  |  | 827 |  |  | 9 |  |  | 4,253 |
Other |  | 435 |  |  | 78 |  |  | 805 |  |  | — |  |  | 1,318 |
Total net sales |  | $ | 26,748 |  |  | $ | 11,693 |  |  | $ | 16,789 |  |  | $ | 11,814 |  |  | $ | 67,044 |
|  | 2020
|  | Aeronautics |  | MFC |  | RMS |  | Space |  | Total
Net sales |  |  |  |  |  |  |  |  |  |
Products |  | $ | 22,327 |  |  | $ | 9,804 |  |  | $ | 12,748 |  |  | $ | 10,049 |  |  | $ | 54,928 |
Services |  | 3,939 |  |  | 1,453 |  |  | 3,247 |  |  | 1,831 |  |  | 10,470 |
Total net sales |  | $ | 26,266 |  |  | $ | 11,257 |  |  | $ | 15,995 |  |  | $ | 11,880 |  |  | $ | 65,398 |
Net sales by contract type |  |  |  |  |  |  |  |  |  |
Fixed-price |  | $ | 18,477 |  |  | $ | 7,587 |  |  | $ | 10,795 |  |  | $ | 2,247 |  |  | $ | 39,106 |
Cost-reimbursable |  | 7,789 |  |  | 3,670 |  |  | 5,200 |  |  | 9,633 |  |  | 26,292 |
Total net sales |  | $ | 26,266 |  |  | $ | 11,257 |  |  | $ | 15,995 |  |  | $ | 11,880 |  |  | $ | 65,398 |
Net sales by customer |  |  |  |  |  |  |  |  |  |
U.S. Government |  | $ | 18,175 |  |  | $ | 8,404 |  |  | $ | 11,596 |  |  | $ | 10,293 |  |  | $ | 48,468 |
International (a) |  | 8,012 |  |  | 2,842 |  |  | 3,986 |  |  | 1,546 |  |  | 16,386 |
U.S. commercial and other |  | 79 |  |  | 11 |  |  | 413 |  |  | 41 |  |  | 544 |
Total net sales |  | $ | 26,266 |  |  | $ | 11,257 |  |  | $ | 15,995 |  |  | $ | 11,880 |  |  | $ | 65,398 |
Net sales by geographic region |  |  |  |  |  |  |  |  |  |
United States |  | $ | 18,254 |  |  | $ | 8,415 |  |  | $ | 12,009 |  |  | $ | 10,334 |  |  | $ | 49,012 |
Europe |  | 3,283 |  |  | 767 |  |  | 806 |  |  | 1,478 |  |  | 6,334 |
Asia Pacific |  | 3,162 |  |  | 280 |  |  | 1,666 |  |  | 68 |  |  | 5,176 |
Middle East |  | 1,344 |  |  | 1,749 |  |  | 847 |  |  | — |  |  | 3,940 |
Other |  | 223 |  |  | 46 |  |  | 667 |  |  | — |  |  | 936 |
Total net sales |  | $ | 26,266 |  |  | $ | 11,257 |  |  | $ | 15,995 |  |  | $ | 11,880 |  |  | $ | 65,398 |
(a)International sales include FMS contracted through the U.S. Government, direct commercial sales with international governments and commercial and other sales to international customers. Capital Expenditures, PP&E Depreciation and Software Amortization, and Amortization of Purchased Intangibles
|  | 2022 |  | 2021 |  | 2020
Capital expenditures |  |  |  |  |  |
Aeronautics |  | $ | 461 |  |  | $ | 477 |  |  | $ | 534 |
Missiles and Fire Control |  | 253 |  |  | 304 |  |  | 391 |
Rotary and Mission Systems |  | 266 |  |  | 279 |  |  | 311 |
Space |  | 391 |  |  | 305 |  |  | 403 |
Total business segment capital expenditures |  | 1,371 |  |  | 1,365 |  |  | 1,639 |
Corporate activities |  | 299 |  |  | 157 |  |  | 127 |
Total capital expenditures |  | $ | 1,670 |  |  | $ | 1,522 |  |  | $ | 1,766 |
PP&E depreciation and software amortization (a) |  |  |  |  |  |
Aeronautics |  | $ | 383 |  |  | $ | 348 |  |  | $ | 348 |
Missiles and Fire Control |  | 160 |  |  | 153 |  |  | 136 |
Rotary and Mission Systems |  | 245 |  |  | 250 |  |  | 244 |
Space |  | 201 |  |  | 205 |  |  | 182 |
Total business segment depreciation and amortization |  | 989 |  |  | 956 |  |  | 910 |
Corporate activities |  | 167 |  |  | 123 |  |  | 109 |
Total depreciation and amortization |  | $ | 1,156 |  |  | $ | 1,079 |  |  | $ | 1,019 |
Amortization of purchased intangibles |  |  |  |  |  |
Aeronautics |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |
Missiles and Fire Control |  | 2 |  |  | 2 |  |  | 2 |
Rotary and Mission Systems |  | 233 |  |  | 232 |  |  | 232 |
Space |  | 12 |  |  | 50 |  |  | 37 |
Total amortization of purchased intangibles |  | $ | 248 |  |  | $ | 285 |  |  | $ | 271 |
(a)Excludes amortization of purchased intangibles. Total assets for each of our business segments were as follows (in millions):
|  | 2022 |  | 2021
Assets |  |  |  |
Aeronautics |  | $ | 12,055 |  |  | $ | 10,756 |
Missiles and Fire Control |  | 5,788 |  |  | 5,243 |
Rotary and Mission Systems |  | 17,988 |  |  | 17,664 |
Space |  | 6,351 |  |  | 6,199 |
Total business segment assets |  | 42,182 |  |  | 39,862 |
Corporate assets (a) |  | 10,698 |  |  | 11,011 |
Total assets |  | $ | 52,880 |  |  | $ | 50,873 |
(a)Corporate assets primarily include cash and cash equivalents, deferred income taxes, assets for the portion of environmental costs that are probable of future recovery, property, plant and equipment, investments held in a separate trust for deferred compensation plans and other marketable investments.

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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://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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