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Revenue (Tables) | 6 Months Ended
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Jul. 04, 2021
Revenue Recognition [Abstract] |
Schedule of Impact of Adjustments in Contract Estimates | The aggregate impact of adjustments in contract estimates on our revenue, operating earnings and diluted earnings per share were as follows:
| Three Months Ended | Six Months Ended
| July 4, 2021 |  | June 28, 2020 | July 4, 2021 |  | June 28, 2020
Revenue | $ | 75 |  |  | $ | 54 |  | $ | 160 |  |  | $ | 144 |
Operating earnings | 76 |  |  | (5) |  | 139 |  |  | 85 |
Diluted earnings per share | $ | 0.21 |  |  | $ | (0.01) |  | $ | 0.39 |  |  | $ | 0.23 |
Revenue by Major Product Line | Revenue by major products and services was as follows:
| Three Months Ended | Six Months Ended
| July 4, 2021 |  | June 28, 2020 | July 4, 2021 |  | June 28, 2020
Aircraft manufacturing | $ | 1,072 |  |  | $ | 1,532 |  | $ | 2,444 |  |  | $ | 2,697 |
Aircraft services and completions | 550 |  |  | 442 |  | 1,065 |  |  | 968 |
Total Aerospace | 1,622 |  |  | 1,974 |  | 3,509 |  |  | 3,665 |
Nuclear-powered submarines | 1,679 |  |  | 1,708 |  | 3,398 |  |  | 3,268 |
Surface ships | 585 |  |  | 510 |  | 1,113 |  |  | 972 |
Repair and other services | 272 |  |  | 253 |  | 508 |  |  | 477 |
Total Marine Systems | 2,536 |  |  | 2,471 |  | 5,019 |  |  | 4,717 |
Military vehicles | 1,231 |  |  | 1,103 |  | 2,434 |  |  | 2,249 |
Weapons systems, armament and munitions | 511 |  |  | 515 |  | 971 |  |  | 948 |
Engineering and other services | 157 |  |  | 136 |  | 314 |  |  | 265 |
Total Combat Systems | 1,899 |  |  | 1,754 |  | 3,719 |  |  | 3,462 |
Information technology (IT) services | 2,071 |  |  | 1,884 |  | 4,156 |  |  | 3,872 |
C4ISR* solutions | 1,092 |  |  | 1,181 |  | 2,206 |  |  | 2,297 |
Total Technologies | 3,163 |  |  | 3,065 |  | 6,362 |  |  | 6,169 |
Total revenue | $ | 9,220 |  |  | $ | 9,264 |  | $ | 18,609 |  |  | $ | 18,013 |
*Command, control, communications, computers, intelligence, surveillance and reconnaissance
Revenue by Contract Type | Revenue by contract type was as follows:
Three Months Ended July 4, 2021 | Aerospace |  | Marine Systems |  | Combat Systems |  | Technologies |  | Total Revenue
Fixed-price | $ | 1,440 |  |  | $ | 1,810 |  |  | $ | 1,668 |  |  | $ | 1,304 |  |  | $ | 6,222 |
Cost-reimbursement | — |  |  | 726 |  |  | 216 |  |  | 1,363 |  |  | 2,305 |
Time-and-materials | 182 |  |  | — |  |  | 15 |  |  | 496 |  |  | 693 |
Total revenue | $ | 1,622 |  |  | $ | 2,536 |  |  | $ | 1,899 |  |  | $ | 3,163 |  |  | $ | 9,220 |
Three Months Ended June 28, 2020 |  |  |  |  |  |  |  |  |
Fixed-price | $ | 1,849 |  |  | $ | 1,716 |  |  | $ | 1,507 |  |  | $ | 1,404 |  |  | $ | 6,476 |
Cost-reimbursement | — |  |  | 750 |  |  | 230 |  |  | 1,271 |  |  | 2,251 |
Time-and-materials | 125 |  |  | 5 |  |  | 17 |  |  | 390 |  |  | 537 |
Total revenue | $ | 1,974 |  |  | $ | 2,471 |  |  | $ | 1,754 |  |  | $ | 3,065 |  |  | $ | 9,264 |
Six Months Ended July 4, 2021 | Aerospace |  | Marine Systems |  | Combat Systems |  | Technologies |  | Total Revenue
Fixed-price | $ | 3,149 |  |  | $ | 3,594 |  |  | $ | 3,237 |  |  | $ | 2,644 |  |  | $ | 12,624 |
Cost-reimbursement | — |  |  | 1,425 |  |  | 451 |  |  | 2,726 |  |  | 4,602 |
Time-and-materials | 360 |  |  | — |  |  | 31 |  |  | 992 |  |  | 1,383 |
Total revenue | $ | 3,509 |  |  | $ | 5,019 |  |  | $ | 3,719 |  |  | $ | 6,362 |  |  | $ | 18,609 |
Six Months Ended June 28, 2020 |  |  |  |  |  |  |  |  |
Fixed-price | $ | 3,327 |  |  | $ | 3,285 |  |  | $ | 2,972 |  |  | $ | 2,793 |  |  | $ | 12,377 |
Cost-reimbursement | — |  |  | 1,425 |  |  | 459 |  |  | 2,618 |  |  | 4,502 |
Time-and-materials | 338 |  |  | 7 |  |  | 31 |  |  | 758 |  |  | 1,134 |
Total revenue | $ | 3,665 |  |  | $ | 4,717 |  |  | $ | 3,462 |  |  | $ | 6,169 |  |  | $ | 18,013 |
Revenue by Customer | Revenue by customer was as follows:
Three Months Ended July 4, 2021 | Aerospace |  | Marine Systems |  | Combat Systems |  | Technologies |  | Total Revenue
U.S. government: |  |  |  |  |  |  |  |  |
Department of Defense (DoD) | $ | 72 |  |  | $ | 2,492 |  |  | $ | 954 |  |  | $ | 1,758 |  |  | $ | 5,276 |
Non-DoD | — |  |  | — |  |  | 3 |  |  | 1,295 |  |  | 1,298 |
Foreign Military Sales (FMS) | 18 |  |  | 41 |  |  | 62 |  |  | 6 |  |  | 127 |
Total U.S. government | 90 |  |  | 2,533 |  |  | 1,019 |  |  | 3,059 |  |  | 6,701 |
U.S. commercial | 982 |  |  | 1 |  |  | 42 |  |  | 36 |  |  | 1,061 |
Non-U.S. government | 50 |  |  | — |  |  | 822 |  |  | 64 |  |  | 936 |
Non-U.S. commercial | 500 |  |  | 2 |  |  | 16 |  |  | 4 |  |  | 522 |
Total revenue | $ | 1,622 |  |  | $ | 2,536 |  |  | $ | 1,899 |  |  | $ | 3,163 |  |  | $ | 9,220 |
Three Months Ended June 28, 2020 |  |  |  |  |  |  |  |  |
U.S. government: |  |  |  |  |  |  |  |  |
DoD | $ | 52 |  |  | $ | 2,390 |  |  | $ | 930 |  |  | $ | 1,695 |  |  | $ | 5,067 |
Non-DoD | — |  |  | 1 |  |  | 3 |  |  | 1,147 |  |  | 1,151 |
FMS | 52 |  |  | 51 |  |  | 99 |  |  | 13 |  |  | 215 |
Total U.S. government | 104 |  |  | 2,442 |  |  | 1,032 |  |  | 2,855 |  |  | 6,433 |
U.S. commercial | 1,032 |  |  | 27 |  |  | 86 |  |  | 66 |  |  | 1,211 |
Non-U.S. government | 53 |  |  | 2 |  |  | 618 |  |  | 112 |  |  | 785 |
Non-U.S. commercial | 785 |  |  | — |  |  | 18 |  |  | 32 |  |  | 835 |
Total revenue | $ | 1,974 |  |  | $ | 2,471 |  |  | $ | 1,754 |  |  | $ | 3,065 |  |  | $ | 9,264 |
Six Months Ended July 4, 2021 | Aerospace |  | Marine Systems |  | Combat Systems |  | Technologies |  | Total Revenue
U.S. government: |  |  |  |  |  |  |  |  |
DoD | $ | 130 |  |  | $ | 4,912 |  |  | $ | 1,870 |  |  | $ | 3,505 |  |  | $ | 10,417 |
Non-DoD | — |  |  | 4 |  |  | 5 |  |  | 2,541 |  |  | 2,550 |
FMS | 37 |  |  | 97 |  |  | 149 |  |  | 20 |  |  | 303 |
Total U.S. government | 167 |  |  | 5,013 |  |  | 2,024 |  |  | 6,066 |  |  | 13,270 |
U.S. commercial | 1,839 |  |  | 2 |  |  | 108 |  |  | 93 |  |  | 2,042 |
Non-U.S. government | 240 |  |  | 2 |  |  | 1,554 |  |  | 193 |  |  | 1,989 |
Non-U.S. commercial | 1,263 |  |  | 2 |  |  | 33 |  |  | 10 |  |  | 1,308 |
Total revenue | $ | 3,509 |  |  | $ | 5,019 |  |  | $ | 3,719 |  |  | $ | 6,362 |  |  | $ | 18,609 |
Six Months Ended June 28, 2020 |  |  |  |  |  |  |  |  |
U.S. government: |  |  |  |  |  |  |  |  |
DoD | $ | 213 |  |  | $ | 4,549 |  |  | $ | 1,818 |  |  | $ | 3,332 |  |  | $ | 9,912 |
Non-DoD | — |  |  | 2 |  |  | 6 |  |  | 2,331 |  |  | 2,339 |
FMS | 70 |  |  | 100 |  |  | 188 |  |  | 26 |  |  | 384 |
Total U.S. government | 283 |  |  | 4,651 |  |  | 2,012 |  |  | 5,689 |  |  | 12,635 |
U.S. commercial | 1,812 |  |  | 60 |  |  | 141 |  |  | 147 |  |  | 2,160 |
Non-U.S. government | 74 |  |  | 5 |  |  | 1,281 |  |  | 264 |  |  | 1,624 |
Non-U.S. commercial | 1,496 |  |  | 1 |  |  | 28 |  |  | 69 |  |  | 1,594 |
Total revenue | $ | 3,665 |  |  | $ | 4,717 |  |  | $ | 3,462 |  |  | $ | 6,169 |  |  | $ | 18,013 |

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