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Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule Of Financial Information For Each Business Segment

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

						2024						2023						2022
Net sales
Aeronautics						$	28,618					$	27,474					$	26,987
Missiles and Fire Control						12,682						11,253						11,317
Rotary and Mission Systems						17,264						16,239						16,148
Space						12,479						12,605						11,532
Total net sales						$	71,043					$	67,571					$	65,984
Cost of sales
Aeronautics						$	26,093					$	24,649					$	24,110
Missiles and Fire Control						12,277						9,712						9,676
Rotary and Mission Systems						15,391						14,399						14,258
Space						11,308						11,473						10,565
Total cost of sales						$	65,069					$	60,233					$	58,609
Operating profit
Aeronautics						$	2,523					$	2,825					$	2,867
Missiles and Fire Control						413						1,541						1,637
Rotary and Mission Systems						1,921						1,865						1,906
Space						1,226						1,158						1,057
Total business segment operating profit						6,083						7,389						7,467
Unallocated items
FAS/CAS pension operating adjustment						1,624						1,660						1,709
Intangible asset amortization expense						(247)						(247)						(248)
Impairment and severance charges (a)						(87)						(92)						(100)
Other, net						(360)						(203)						(480)
Total unallocated, net						930						1,118						881
Total consolidated operating profit						$	7,013					$	8,507					$	8,348

(a)See “Note 16 – Impairment and Severance Charges” included in our Notes to Consolidated Financial Statements for additional information.

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):

						2024						2023						2022
Intersegment sales
Aeronautics						$	377					$	303					$	249
Missiles and Fire Control						804						688						627
Rotary and Mission Systems						2,320						2,125						1,930
Space						392						358						381
Total intersegment sales						$	3,893					$	3,474					$	3,187

Net sales by products and services, contract type, customer category and geographic region for each of our business segments were as follows (in millions):

						2024
						Aeronautics						MFC						RMS						Space						Total
Net sales
Products						$	23,598					$	11,275					$	14,005					$	10,399					$	59,277
Services						5,020						1,407						3,259						2,080						11,766
Total net sales						$	28,618					$	12,682					$	17,264					$	12,479					$	71,043
Net sales by contract type
Fixed-price						$	19,603					$	8,774					$	10,870					$	3,481					$	42,728
Cost-reimbursable						9,015						3,908						6,394						8,998						28,315
Total net sales						$	28,618					$	12,682					$	17,264					$	12,479					$	71,043
Net sales by customer
U.S. Government						$	19,314					$	9,043					$	11,469					$	12,218					$	52,044
International (a)						9,182						3,629						5,463						241						18,515
U.S. commercial and other						122						10						332						20						484
Total net sales						$	28,618					$	12,682					$	17,264					$	12,479					$	71,043
Net sales by geographic region
United States						$	19,436					$	9,053					$	11,801					$	12,238					$	52,528
Europe						5,071						1,327						1,243						75						7,716
Asia Pacific						2,763						763						2,556						159						6,241
Middle East						808						1,473						787						7						3,075
Other						540						66						877						—						1,483
Total net sales						$	28,618					$	12,682					$	17,264					$	12,479					$	71,043

						2023
						Aeronautics						MFC						RMS						Space						Total
Net sales
Products						$	22,758					$	9,919					$	12,913					$	10,675					$	56,265
Services						4,716						1,334						3,326						1,930						11,306
Total net sales						$	27,474					$	11,253					$	16,239					$	12,605					$	67,571
Net sales by contract type
Fixed-price						$	18,664					$	7,661					$	10,403					$	3,276					$	40,004
Cost-reimbursable						8,810						3,592						5,836						9,329						27,567
Total net sales						$	27,474					$	11,253					$	16,239					$	12,605					$	67,571
Net sales by customer
U.S. Government						$	18,311					$	7,769					$	10,961					$	12,382					$	49,423
International (a)						9,034						3,473						4,983						154						17,644
U.S. commercial and other						129						11						295						69						504
Total net sales						$	27,474					$	11,253					$	16,239					$	12,605					$	67,571
Net sales by geographic region
United States						$	18,440					$	7,780					$	11,256					$	12,451					$	49,927
Europe						4,898						786						1,265						62						7,011
Asia Pacific						2,800						687						2,275						89						5,851
Middle East						987						1,844						721						2						3,554
Other						349						156						722						1						1,228
Total net sales						$	27,474					$	11,253					$	16,239					$	12,605					$	67,571

						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

(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.

						2024						2023						2022
Capital expenditures
Aeronautics						$	593					$	535					$	461
Missiles and Fire Control						265						252						253
Rotary and Mission Systems						230						220						266
Space						366						455						391
Total business segment capital expenditures						1,454						1,462						1,371
Corporate activities						231						229						299
Total capital expenditures						$	1,685					$	1,691					$	1,670
PP&E depreciation and software amortization
Aeronautics						$	452					$	416					$	383
Missiles and Fire Control						183						175						160
Rotary and Mission Systems						227						220						245
Space						270						221						201
Total business segment depreciation and amortization						1,132						1,032						989
Corporate activities (a)						427						398						415
Total depreciation and amortization						$	1,559					$	1,430					$	1,404

(a)Includes amortization of purchased intangibles.

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

						2024						2023
Assets
Aeronautics						$	13,223					$	13,167
Missiles and Fire Control						5,952						5,703
Rotary and Mission Systems						17,025						17,521
Space						7,388						6,560
Total business segment assets						43,588						42,951
Corporate assets (a)						12,029						9,505
Total assets						$	55,617					$	52,456

(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.

X

- 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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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