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INFORMATION ON BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 24, 2023

Segment Reporting [Abstract]

Schedule of Operating Results and Total Assets for Each Business Segment

Sales and operating profit for each of our business segments were as follows (in millions):

						Quarters Ended															Nine Months Ended
						September 24, 2023									September 25, 2022						September 24, 2023									September 25, 2022
Net sales
Aeronautics						$	6,717								$	7,089					$	19,861								$	19,352
Missiles and Fire Control						2,939									2,831						8,082									8,030
Rotary and Mission Systems						4,121									3,781						11,528									11,345
Space						3,101									2,882						9,226									8,266
Total net sales						$	16,878								$	16,583					$	48,697								$	46,993
Operating profit
Aeronautics						$	671								$	759					$	2,064								$	2,051
Missiles and Fire Control						398									383						1,146									1,186
Rotary and Mission Systems						482									472						1,286									1,339
Space						259									304						851									823
Total business segment operating profit						1,810									1,918						5,347									5,399
Unallocated items
FAS/CAS pension operating adjustment						414									430						1,245									1,281
Intangible asset amortization expense						(61)									(62)						(185)									(186)
Other, net						(121)									(127)						(193)									(439)
Total unallocated items						232									241						867									656
Total consolidated operating profit						$	2,042								$	2,159					$	6,214								$	6,055
Intersegment sales
Aeronautics						$	62								$	63					$	186								$	181
Missiles and Fire Control						177									146						482									463
Rotary and Mission Systems						518									503						1,512									1,411
Space						97									102						275									284
Total intersegment sales						$	854								$	814					$	2,455								$	2,339

Net sales by products and services, contract type, customer, and geographic region were as follows (in millions):

						Quarter Ended September 24, 2023
						Aeronautics						MFC						RMS						Space						Total
Net sales
Products						$	5,538					$	2,609					$	3,249					$	2,618					$	14,014
Services						1,179						330						872						483						2,864
Total net sales						$	6,717					$	2,939					$	4,121					$	3,101					$	16,878
Net sales by contract type
Fixed-price						$	4,495					$	2,017					$	2,602					$	796					$	9,910
Cost-reimbursable						2,222						922						1,519						2,305						6,968
Total net sales						$	6,717					$	2,939					$	4,121					$	3,101					$	16,878
Net sales by customer
U.S. Government						$	4,547					$	2,061					$	2,796					$	3,055					$	12,459
International (a)						2,170						875						1,254						24						4,323
U.S. commercial and other						—						3						71						22						96
Total net sales						$	6,717					$	2,939					$	4,121					$	3,101					$	16,878
Net sales by geographic region
United States						$	4,547					$	2,064					$	2,867					$	3,077					$	12,555
Europe						1,190						197						269						1						1,657
Asia Pacific						693						155						601						22						1,471
Middle East						220						474						185						1						880
Other						67						49						199						—						315
Total net sales						$	6,717					$	2,939					$	4,121					$	3,101					$	16,878

						Nine Months Ended September 24, 2023
						Aeronautics						MFC						RMS						Space						Total
Net sales
Products						$	16,339					$	7,110					$	9,082					$	7,767					$	40,298
Services						3,522						972						2,446						1,459						8,399
Total net sales						$	19,861					$	8,082					$	11,528					$	9,226					$	48,697
Net sales by contract type
Fixed-price						$	13,463					$	5,498					$	7,261					$	2,359					$	28,581
Cost-reimbursable						6,398						2,584						4,267						6,867						20,116
Total net sales						$	19,861					$	8,082					$	11,528					$	9,226					$	48,697
Net sales by customer
U.S. Government						$	13,285					$	5,553					$	7,973					$	9,084					$	35,895
International (a)						6,453						2,521						3,349						110						12,433
U.S. commercial and other						123						8						206						32						369
Total net sales						$	19,861					$	8,082					$	11,528					$	9,226					$	48,697
Net sales by geographic region
United States						$	13,408					$	5,561					$	8,179					$	9,116					$	36,264
Europe						3,466						582						706						48						4,802
Asia Pacific						2,058						472						1,593						60						4,183
Middle East						671						1,340						526						2						2,539
Other						258						127						524						—						909
Total net sales						$	19,861					$	8,082					$	11,528					$	9,226					$	48,697

						Quarter Ended September 25, 2022
						Aeronautics						MFC						RMS						Space						Total
Net sales
Products						$	6,072					$	2,530					$	2,968					$	2,441					$	14,011
Services						1,017						301						813						441						2,572
Total net sales						$	7,089					$	2,831					$	3,781					$	2,882					$	16,583
Net sales by contract type
Fixed-price						$	5,217					$	2,005					$	2,436					$	722					$	10,380
Cost-reimbursable						1,872						826						1,345						2,160						6,203
Total net sales						$	7,089					$	2,831					$	3,781					$	2,882					$	16,583
Net sales by customer
U.S. Government						$	4,728					$	2,086					$	2,721					$	2,842					$	12,377
International (a)						2,326						744						1,002						34						4,106
U.S. commercial and other						35						1						58						6						100
Total net sales						$	7,089					$	2,831					$	3,781					$	2,882					$	16,583
Net sales by geographic region
United States						$	4,763					$	2,087					$	2,779					$	2,848					$	12,477
Europe						1,184						228						199						21						1,632
Asia Pacific						785						100						440						10						1,335
Middle East						255						374						181						3						813
Other						102						42						182						—						326
Total net sales						$	7,089					$	2,831					$	3,781					$	2,882					$	16,583

						Nine Months Ended September 25, 2022
						Aeronautics						MFC						RMS						Space						Total
Net sales
Products						$	16,293					$	7,147					$	8,906					$	6,920					$	39,266
Services						3,059						883						2,439						1,346						7,727
Total net sales						$	19,352					$	8,030					$	11,345					$	8,266					$	46,993
Net sales by contract type
Fixed-price						$	13,819					$	5,661					$	7,243					$	2,112					$	28,835
Cost-reimbursable						5,533						2,369						4,102						6,154						18,158
Total net sales						$	19,352					$	8,030					$	11,345					$	8,266					$	46,993
Net sales by customer
U.S. Government						$	12,904					$	5,605					$	8,017					$	8,144					$	34,670
International (a)						6,344						2,419						3,102						97						11,962
U.S. commercial and other						104						6						226						25						361
Total net sales						$	19,352					$	8,030					$	11,345					$	8,266					$	46,993
Net sales by geographic region
United States						$	13,008					$	5,611					$	8,243					$	8,169					$	35,031
Europe						3,052						746						564						65						4,427
Asia Pacific						2,211						313						1,425						23						3,972
Middle East						739						1,256						558						9						2,562
Other						342						104						555						—						1,001
Total net sales						$	19,352					$	8,030					$	11,345					$	8,266					$	46,993

(a)International sales include foreign military sales (FMS) contracted through the U.S. Government and direct commercial sales to international governments and other international customers.

Total assets for each of our business segments were as follows (in millions):

						September 24, 2023									December 31, 2022
Assets
Aeronautics						$	13,252								$	12,055
Missiles and Fire Control						5,706									5,788
Rotary and Mission Systems						17,822									17,988
Space						6,522									6,351
Total business segment assets						43,302									42,182
Corporate assets (a)						13,364									10,698
Total assets						$	56,666								$	52,880

(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 used in our corporate operations, assets held in a 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

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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-Name Accounting Standards Codification
-Topic 280
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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