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Segment Information
6 Months Ended
Jul. 01, 2018
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
We have five operating segments, Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems. We organize our segments in accordance with the nature of products and services offered. We measure each segment’s profitability based on operating earnings. As a result, we do not allocate net interest, other income and expense items, and income taxes to our segments.
Summary financial information for each of our segments follows:
 
Revenue
Operating Earnings
Revenue from
U.S. Government
Three Months Ended
July 1, 2018
July 2, 2017
July 1, 2018
July 2, 2017
July 1, 2018
July 2, 2017
Aerospace
$
1,895

$
2,078

$
386

$
421

$
108

$
41

Combat Systems
1,534

1,414

236

225

746

744

Information Technology
2,442

1,052

156

87

2,370

981

Mission Systems
1,147

1,052

153

153

908

840

Marine Systems
2,168

2,079

195

178

2,072

2,056

Corporate


(38
)
3



Total
$
9,186

$
7,675

$
1,088

$
1,067

$
6,204

$
4,662

Six Months Ended
 
 
 
 
 
 
Aerospace
$
3,720

$
4,152

$
732

$
860

$
165

$
90

Combat Systems
2,974

2,701

460

430

1,423

1,463

Information Technology
3,580

2,110

257

177

3,448

1,974

Mission Systems
2,245

2,140

299

299

1,775

1,699

Marine Systems
4,202

4,013

379

339

4,051

3,951

Corporate


(31
)
8



Total
$
16,721

$
15,116

$
2,096

$
2,113

$
10,862

$
9,177


Corporate operating results have two primary components: pension and other post-retirement benefit income, and stock option expense. ASU 2017-07 requires the non-service cost components of pension and other post-retirement benefit cost (e.g., interest cost) to be reported in other income (expense) in the Consolidated Statement of Earnings. In our defense segments, pension and other post-retirement benefit costs are allocable contract costs. For these segments, we report the offset for the non-service cost components in Corporate operating results. The second quarter and first six months of 2018 also included one-time charges of approximately $45 associated with the costs to complete the CSRA acquisition.
The following is additional summary financial information for each of our segments:
 
Capital Expenditures
Depreciation and Amortization
Six Months Ended
July 1, 2018
July 2, 2017
July 1, 2018
July 2, 2017
Aerospace
$
102

$
50

$
72

$
77

Combat Systems
26

31

42

42

Information Technology
21

4

120

15

Mission Systems
26

25

33

29

Marine Systems
81

37

55

51

Corporate
23

6

5

6

Total
$
279

$
153

$
327

$
220


Identifiable assets for each of our segments follows:
 
July 1, 2018
 
December 31, 2017
Aerospace
$
10,990

 
$
10,126

Combat Systems
10,110

 
9,846

Information Technology
14,918

 
3,021

Mission Systems
6,079

 
5,856

Marine Systems
2,917

 
2,906

Corporate*
2,138

 
3,291

Total
$
47,152

 
$
35,046

* Corporate identifiable assets are primarily cash and equivalents.