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Revenue (Tables) | 6 Months Ended
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Jul. 01, 2018
Revenue Recognition [Abstract] |
Schedule of Impact of Adjustments in Contract Estimates | revenue, operating earnings and diluted earnings per share as follows:
| Three Months Ended | Six Months Ended
| July 1, 2018 |  | July 2, 2017 | July 1, 2018 |  | July 2, 2017
Revenue | $ | 91 |  |  | $ | 90 |  | $ | 206 |  |  | $ | 162 |
Operating earnings | 83 |  |  | 121 |  | 180 |  |  | 171 |
Diluted earnings per share | $ | 0.22 |  |  | $ | 0.26 |  | $ | 0.47 |  |  | $ | 0.36 |
Revenue by Major Product Line | Revenue by major products and services was as follows:
| Three Months Ended | Six Months Ended
| July 1, 2018 |  | July 2, 2017 | July 1, 2018 |  | July 2, 2017
Aircraft manufacturing and completions | $ | 1,362 |  |  | $ | 1,600 |  | $ | 2,728 |  |  | $ | 3,229 |
Aircraft services | 531 |  |  | 445 |  | 982 |  |  | 880 |
Pre-owned aircraft | 2 |  |  | 33 |  | 10 |  |  | 43 |
Total Aerospace | 1,895 |  |  | 2,078 |  | 3,720 |  |  | 4,152 |
Wheeled combat and tactical vehicles | 644 |  |  | 566 |  | 1,269 |  |  | 1,126 |
Weapons systems, armament and munitions | 443 |  |  | 409 |  | 826 |  |  | 755 |
Tanks and tracked vehicles | 346 |  |  | 278 |  | 677 |  |  | 525 |
Engineering and other services | 101 |  |  | 161 |  | 202 |  |  | 295 |
Total Combat Systems | 1,534 |  |  | 1,414 |  | 2,974 |  |  | 2,701 |
Information technology services | 2,442 |  |  | 1,052 |  | 3,580 |  |  | 2,110 |
Total Information Technology | 2,442 |  |  | 1,052 |  | 3,580 |  |  | 2,110 |
Platform systems and sensors | 383 |  |  | 393 |  | 774 |  |  | 783 |
Intelligence, surveillance and reconnaissance systems | 372 |  |  | 333 |  | 749 |  |  | 662 |
Communication systems | 392 |  |  | 326 |  | 722 |  |  | 695 |
Total Mission Systems | 1,147 |  |  | 1,052 |  | 2,245 |  |  | 2,140 |
Nuclear-powered submarines | 1,438 |  |  | 1,342 |  | 2,734 |  |  | 2,546 |
Surface combatants | 276 |  |  | 254 |  | 541 |  |  | 501 |
Auxiliary and commercial ships | 197 |  |  | 155 |  | 415 |  |  | 298 |
Repair and other services | 257 |  |  | 328 |  | 512 |  |  | 668 |
Total Marine Systems | 2,168 |  |  | 2,079 |  | 4,202 |  |  | 4,013 |
Total revenue | $ | 9,186 |  |  | $ | 7,675 |  | $ | 16,721 |  |  | $ | 15,116 |
Revenue by Contract Type | Revenue by contract type was as follows:
Three Months Ended July 1, 2018 | Aerospace |  | Combat Systems |  | Information Technology |  | Mission Systems |  | Marine Systems |  | Total Revenue
Fixed-price | $ | 1,696 |  |  | $ | 1,330 |  |  | $ | 1,059 |  |  | $ | 658 |  |  | $ | 1,372 |  |  | $ | 6,115 |
Cost-reimbursement | — |  |  | 197 |  |  | 930 |  |  | 451 |  |  | 795 |  |  | 2,373 |
Time-and-materials | 199 |  |  | 7 |  |  | 453 |  |  | 38 |  |  | 1 |  |  | 698 |
Total revenue | $ | 1,895 |  |  | $ | 1,534 |  |  | $ | 2,442 |  |  | $ | 1,147 |  |  | $ | 2,168 |  |  | $ | 9,186 |
Three Months Ended July 2, 2017 |  |  |  |  |  |  |  |  |  |  |
Fixed-price | $ | 1,913 |  |  | $ | 1,207 |  |  | $ | 339 |  |  | $ | 553 |  |  | $ | 1,253 |  |  | $ | 5,265 |
Cost-reimbursement | — |  |  | 196 |  |  | 555 |  |  | 463 |  |  | 824 |  |  | 2,038 |
Time-and-materials | 165 |  |  | 11 |  |  | 158 |  |  | 36 |  |  | 2 |  |  | 372 |
Total revenue | $ | 2,078 |  |  | $ | 1,414 |  |  | $ | 1,052 |  |  | $ | 1,052 |  |  | $ | 2,079 |  |  | $ | 7,675 |
Six Months Ended July 1, 2018 | Aerospace |  | Combat Systems |  | Information Technology |  | Mission Systems |  | Marine Systems |  | Total Revenue
Fixed-price | $ | 3,364 |  |  | $ | 2,583 |  |  | $ | 1,446 |  |  | $ | 1,278 |  |  | $ | 2,677 |  |  | $ | 11,348 |
Cost-reimbursement | — |  |  | 376 |  |  | 1,507 |  |  | 891 |  |  | 1,523 |  |  | 4,297 |
Time-and-materials | 356 |  |  | 15 |  |  | 627 |  |  | 76 |  |  | 2 |  |  | 1,076 |
Total revenue | $ | 3,720 |  |  | $ | 2,974 |  |  | $ | 3,580 |  |  | $ | 2,245 |  |  | $ | 4,202 |  |  | $ | 16,721 |
Six Months Ended July 2, 2017 |  |  |  |  |  |  |  |  |  |  |
Fixed-price | $ | 3,815 |  |  | $ | 2,280 |  |  | $ | 690 |  |  | $ | 1,132 |  |  | $ | 2,383 |  |  | $ | 10,300 |
Cost-reimbursement | — |  |  | 403 |  |  | 1,108 |  |  | 920 |  |  | 1,625 |  |  | 4,056 |
Time-and-materials | 337 |  |  | 18 |  |  | 312 |  |  | 88 |  |  | 5 |  |  | 760 |
Total revenue | $ | 4,152 |  |  | $ | 2,701 |  |  | $ | 2,110 |  |  | $ | 2,140 |  |  | $ | 4,013 |  |  | $ | 15,116 |
Revenue by Customer | Revenue by customer was as follows:
Three Months Ended July 1, 2018 | Aerospace |  | Combat Systems |  | Information Technology |  | Mission Systems |  | Marine Systems |  | Total Revenue
U.S. government: |  |  |  |  |  |  |  |  |  |  |
Department of Defense (DoD) | $ | 89 |  |  | $ | 660 |  |  | $ | 1,052 |  |  | $ | 764 |  |  | $ | 2,032 |  |  | $ | 4,597 |
Non-DoD | — |  |  | 3 |  |  | 1,311 |  |  | 130 |  |  | 1 |  |  | 1,445 |
Foreign Military Sales (FMS) | 19 |  |  | 83 |  |  | 7 |  |  | 14 |  |  | 39 |  |  | 162 |
Total U.S. government | 108 |  |  | 746 |  |  | 2,370 |  |  | 908 |  |  | 2,072 |  |  | 6,204 |
U.S. commercial | 917 |  |  | 58 |  |  | 41 |  |  | 36 |  |  | 91 |  |  | 1,143 |
Non-U.S. government | 143 |  |  | 712 |  |  | 31 |  |  | 161 |  |  | 4 |  |  | 1,051 |
Non-U.S. commercial | 727 |  |  | 18 |  |  | — |  |  | 42 |  |  | 1 |  |  | 788 |
Total revenue | $ | 1,895 |  |  | $ | 1,534 |  |  | $ | 2,442 |  |  | $ | 1,147 |  |  | $ | 2,168 |  |  | $ | 9,186 |
Three Months Ended July 2, 2017 |  |  |  |  |  |  |  |  |  |  |
U.S. government: |  |  |  |  |  |  |  |  |  |  |
DoD | $ | 32 |  |  | $ | 660 |  |  | $ | 424 |  |  | $ | 678 |  |  | $ | 2,016 |  |  | $ | 3,810 |
Non-DoD | — |  |  | 1 |  |  | 551 |  |  | 147 |  |  | — |  |  | 699 |
FMS | 9 |  |  | 83 |  |  | 6 |  |  | 15 |  |  | 40 |  |  | 153 |
Total U.S. government | 41 |  |  | 744 |  |  | 981 |  |  | 840 |  |  | 2,056 |  |  | 4,662 |
U.S. commercial | 877 |  |  | 42 |  |  | 65 |  |  | 26 |  |  | 17 |  |  | 1,027 |
Non-U.S. government | 64 |  |  | 594 |  |  | 6 |  |  | 154 |  |  | 4 |  |  | 822 |
Non-U.S. commercial | 1,096 |  |  | 34 |  |  | — |  |  | 32 |  |  | 2 |  |  | 1,164 |
Total revenue | $ | 2,078 |  |  | $ | 1,414 |  |  | $ | 1,052 |  |  | $ | 1,052 |  |  | $ | 2,079 |  |  | $ | 7,675 |
Six Months Ended July 1, 2018 | Aerospace |  | Combat Systems |  | Information Technology |  | Mission Systems |  | Marine Systems |  | Total Revenue
U.S. government: |  |  |  |  |  |  |  |  |  |  |
DoD | $ | 130 |  |  | $ | 1,267 |  |  | $ | 1,485 |  |  | $ | 1,506 |  |  | $ | 3,982 |  |  | $ | 8,370 |
Non-DoD | — |  |  | 4 |  |  | 1,948 |  |  | 248 |  |  | 1 |  |  | 2,201 |
FMS | 35 |  |  | 152 |  |  | 15 |  |  | 21 |  |  | 68 |  |  | 291 |
Total U.S. government | 165 |  |  | 1,423 |  |  | 3,448 |  |  | 1,775 |  |  | 4,051 |  |  | 10,862 |
U.S. commercial | 1,759 |  |  | 116 |  |  | 81 |  |  | 63 |  |  | 144 |  |  | 2,163 |
Non-U.S. government | 153 |  |  | 1,409 |  |  | 51 |  |  | 333 |  |  | 6 |  |  | 1,952 |
Non-U.S. commercial | 1,643 |  |  | 26 |  |  | — |  |  | 74 |  |  | 1 |  |  | 1,744 |
Total revenue | $ | 3,720 |  |  | $ | 2,974 |  |  | $ | 3,580 |  |  | $ | 2,245 |  |  | $ | 4,202 |  |  | $ | 16,721 |
Six Months Ended July 2, 2017 |  |  |  |  |  |  |  |  |  |  |
U.S. government: |  |  |  |  |  |  |  |  |  |  |
DoD | $ | 72 |  |  | $ | 1,269 |  |  | $ | 845 |  |  | $ | 1,399 |  |  | $ | 3,853 |  |  | $ | 7,438 |
Non-DoD | — |  |  | 3 |  |  | 1,118 |  |  | 278 |  |  | — |  |  | 1,399 |
FMS | 18 |  |  | 191 |  |  | 11 |  |  | 22 |  |  | 98 |  |  | 340 |
Total U.S. government | 90 |  |  | 1,463 |  |  | 1,974 |  |  | 1,699 |  |  | 3,951 |  |  | 9,177 |
U.S. commercial | 1,813 |  |  | 103 |  |  | 126 |  |  | 54 |  |  | 50 |  |  | 2,146 |
Non-U.S. government | 69 |  |  | 1,096 |  |  | 10 |  |  | 329 |  |  | 8 |  |  | 1,512 |
Non-U.S. commercial | 2,180 |  |  | 39 |  |  | — |  |  | 58 |  |  | 4 |  |  | 2,281 |
Total revenue | $ | 4,152 |  |  | $ | 2,701 |  |  | $ | 2,110 |  |  | $ | 2,140 |  |  | $ | 4,013 |  |  | $ | 15,116 |

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