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INFORMATION ON BUSINESS SEGMENTS (Tables) | 3 Months Ended
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Mar. 30, 2025
Segment Reporting [Abstract] |
Schedule of Operating Results and Total Assets for Each Business Segment | Summary operating results for each of our business segments were as follows (in millions):
|  |  | Quarters Ended
|  |  |  |  | March 30, 2025 |  | March 31, 2024
Sales |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  |  |  |  |  |  | $ | 7,057 |  |  |  | $ | 6,845 |  |
Missiles and Fire Control |  |  |  |  |  |  | 3,373 |  |  |  | 2,993 |  |
Rotary and Mission Systems |  |  |  |  |  |  | 4,328 |  |  |  | 4,088 |  |
Space |  |  |  |  |  |  | 3,205 |  |  |  | 3,269 |  |
Total sales |  |  |  |  |  |  | $ | 17,963 |  |  |  | $ | 17,195 |  |
Operating costs and expenses |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  |  |  |  |  |  | $ | 6,337 |  |  |  | $ | 6,170 |  |
Missiles and Fire Control |  |  |  |  |  |  | 2,908 |  |  |  | 2,686 |  |
Rotary and Mission Systems |  |  |  |  |  |  | 3,858 |  |  |  | 3,665 |  |
Space |  |  |  |  |  |  | 2,821 |  |  |  | 2,966 |  |
Total operating costs and expenses |  |  |  |  |  |  | $ | 15,924 |  |  |  | $ | 15,487 |  |
Operating profit (a) |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  |  |  |  |  |  | $ | 720 |  |  |  | $ | 679 |  |
Missiles and Fire Control |  |  |  |  |  |  | 465 |  |  |  | 311 |  |
Rotary and Mission Systems |  |  |  |  |  |  | 521 |  |  |  | 430 |  |
Space |  |  |  |  |  |  | 379 |  |  |  | 325 |  |
Total business segment operating profit |  |  |  |  |  |  | 2,085 |  |  |  | 1,745 |  |
Unallocated items |  |  |  |  |  |  |  |  |  |  |
FAS/CAS pension operating adjustment |  |  |  |  |  |  | 379 |  |  |  | 406 |  |
Intangible asset amortization expense |  |  |  |  |  |  | (64) |  |  |  | (61) |  |
Other, net |  |  |  |  |  |  | (28) |  |  |  | (61) |  |
Total unallocated items |  |  |  |  |  |  | 287 |  |  |  | 284 |  |
Total consolidated operating profit |  |  |  |  |  |  | $ | 2,372 |  |  |  | $ | 2,029 |  |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |
Aeronautics |  |  |  |  |  |  | $ | 89 |  |  |  | $ | 70 |  |
Missiles and Fire Control |  |  |  |  |  |  | 169 |  |  |  | 202 |  |
Rotary and Mission Systems |  |  |  |  |  |  | 564 |  |  |  | 586 |  |
Space |  |  |  |  |  |  | 83 |  |  |  | 107 |  |
Total intersegment sales |  |  |  |  |  |  | $ | 905 |  |  |  | $ | 965 |  |
(a)Operating profit by segment includes certain immaterial items, such as other income (primarily equity earnings) that are not presented separately in the table. Accordingly, the difference between sales less operating costs and expenses may not equal operating profit by segment. Sales by products and services, contract type, customer, and geographic region were as follows (in millions):
|  | Quarter Ended March 30, 2025
|  | Aeronautics |  | MFC |  | RMS |  | Space |  | Total
Sales |  |  |  |  |  |  |  |  |  |
Products |  | $ | 5,746 |  |  | $ | 3,017 |  |  | $ | 3,496 |  |  | $ | 2,677 |  |  | $ | 14,936 |
Services |  | 1,311 |  |  | 356 |  |  | 832 |  |  | 528 |  |  | 3,027 |
Total sales |  | $ | 7,057 |  |  | $ | 3,373 |  |  | $ | 4,328 |  |  | $ | 3,205 |  |  | $ | 17,963 |
Sales by contract type |  |  |  |  |  |  |  |  |  |
Fixed-price |  | $ | 4,713 |  |  | $ | 2,440 |  |  | $ | 2,660 |  |  | $ | 942 |  |  | $ | 10,755 |
Cost-reimbursable |  | 2,344 |  |  | 933 |  |  | 1,668 |  |  | 2,263 |  |  | 7,208 |
Total sales |  | $ | 7,057 |  |  | $ | 3,373 |  |  | $ | 4,328 |  |  | $ | 3,205 |  |  | $ | 17,963 |
Sales by customer |  |  |  |  |  |  |  |  |  |
U.S. Government |  | $ | 4,642 |  |  | $ | 2,391 |  |  | $ | 2,787 |  |  | $ | 3,129 |  |  | $ | 12,949 |
International (a) |  | 2,405 |  |  | 978 |  |  | 1,468 |  |  | 71 |  |  | 4,922 |
U.S. commercial and other |  | 10 |  |  | 4 |  |  | 73 |  |  | 5 |  |  | 92 |
Total sales |  | $ | 7,057 |  |  | $ | 3,373 |  |  | $ | 4,328 |  |  | $ | 3,205 |  |  | $ | 17,963 |
Sales by geographic region |  |  |  |  |  |  |  |  |  |
United States |  | $ | 4,652 |  |  | $ | 2,395 |  |  | $ | 2,860 |  |  | $ | 3,134 |  |  | $ | 13,041 |
Europe |  | 1,247 |  |  | 395 |  |  | 304 |  |  | 22 |  |  | 1,968 |
Asia Pacific |  | 840 |  |  | 224 |  |  | 633 |  |  | 47 |  |  | 1,744 |
Middle East |  | 148 |  |  | 342 |  |  | 212 |  |  | 2 |  |  | 704 |
Other |  | 170 |  |  | 17 |  |  | 319 |  |  | — |  |  | 506 |
Total sales |  | $ | 7,057 |  |  | $ | 3,373 |  |  | $ | 4,328 |  |  | $ | 3,205 |  |  | $ | 17,963 |
|  | Quarter Ended March 31, 2024
|  | Aeronautics |  | MFC |  | RMS |  | Space |  | Total
Sales |  |  |  |  |  |  |  |  |  |
Products |  | $ | 5,592 |  |  | $ | 2,664 |  |  | $ | 3,241 |  |  | $ | 2,699 |  |  | $ | 14,196 |
Services |  | 1,253 |  |  | 329 |  |  | 847 |  |  | 570 |  |  | 2,999 |
Total sales |  | $ | 6,845 |  |  | $ | 2,993 |  |  | $ | 4,088 |  |  | $ | 3,269 |  |  | $ | 17,195 |
Sales by contract type |  |  |  |  |  |  |  |  |  |
Fixed-price |  | $ | 4,584 |  |  | $ | 1,996 |  |  | $ | 2,477 |  |  | $ | 900 |  |  | $ | 9,957 |
Cost-reimbursable |  | 2,261 |  |  | 997 |  |  | 1,611 |  |  | 2,369 |  |  | 7,238 |
Total sales |  | $ | 6,845 |  |  | $ | 2,993 |  |  | $ | 4,088 |  |  | $ | 3,269 |  |  | $ | 17,195 |
Sales by customer |  |  |  |  |  |  |  |  |  |
U.S. Government |  | $ | 4,666 |  |  | $ | 2,167 |  |  | $ | 2,840 |  |  | $ | 3,162 |  |  | $ | 12,835 |
International (a) |  | 2,152 |  |  | 824 |  |  | 1,162 |  |  | 68 |  |  | 4,206 |
U.S. commercial and other |  | 27 |  |  | 2 |  |  | 86 |  |  | 39 |  |  | 154 |
Total sales |  | $ | 6,845 |  |  | $ | 2,993 |  |  | $ | 4,088 |  |  | $ | 3,269 |  |  | $ | 17,195 |
Sales by geographic region |  |  |  |  |  |  |  |  |  |
United States |  | $ | 4,693 |  |  | $ | 2,169 |  |  | $ | 2,926 |  |  | $ | 3,201 |  |  | $ | 12,989 |
Europe |  | 1,211 |  |  | 245 |  |  | 269 |  |  | 18 |  |  | 1,743 |
Asia Pacific |  | 636 |  |  | 187 |  |  | 540 |  |  | 46 |  |  | 1,409 |
Middle East |  | 203 |  |  | 370 |  |  | 162 |  |  | 4 |  |  | 739 |
Other |  | 102 |  |  | 22 |  |  | 191 |  |  | — |  |  | 315 |
Total sales |  | $ | 6,845 |  |  | $ | 2,993 |  |  | $ | 4,088 |  |  | $ | 3,269 |  |  | $ | 17,195 |
(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):
|  | March 30, 2025 |  | December 31, 2024
Assets |  |  |  |  |  |
Aeronautics |  | $ | 14,130 |  |  |  | $ | 13,223 |  |
Missiles and Fire Control |  | 6,140 |  |  |  | 5,952 |  |
Rotary and Mission Systems |  | 17,199 |  |  |  | 17,025 |  |
Space |  | 7,617 |  |  |  | 7,388 |  |
Total business segment assets |  | 45,086 |  |  |  | 43,588 |  |
Corporate assets (a) |  | 11,583 |  |  |  | 12,029 |  |
Total assets |  | $ | 56,669 |  |  |  | $ | 55,617 |  |
(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 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 + Details
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