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Revenue (Tables)

6 Months Ended

Jul. 03, 2022

Revenue Recognition [Abstract]

Schedule of Impact of Adjustments in Contract Estimates

The aggregate impact of adjustments in contract estimates increased our revenue, operating earnings and diluted earnings per share as follows:

			Three Months Ended									Six Months Ended
			July 3, 2022						July 4, 2021			July 3, 2022						July 4, 2021
Revenue			$	112					$	75		$	219					$	160
Operating earnings			101						76			206						139
Diluted earnings per share			$	0.29					$	0.21		$	0.58					$	0.39

Revenue by Major Product Line

Revenue by major products and services was as follows:

			Three Months Ended									Six Months Ended
			July 3, 2022						July 4, 2021			July 3, 2022						July 4, 2021
Aircraft manufacturing			$	1,112					$	1,072		$	2,374					$	2,444
Aircraft services			755						550			1,396						1,065
Total Aerospace			1,867						1,622			3,770						3,509
Nuclear-powered submarines			1,710						1,679			3,472						3,398
Surface ships			611						585			1,204						1,113
Repair and other services			330						272			626						508
Total Marine Systems			2,651						2,536			5,302						5,019
Military vehicles			1,084						1,231			2,179						2,434
Weapons systems, armament and munitions			418						511			834						971
Engineering and other services			164						157			328						314
Total Combat Systems			1,666						1,899			3,341						3,719
Information technology (IT) services			2,010						2,071			4,150						4,156
C5ISR* solutions			995						1,092			2,018						2,206
Total Technologies			3,005						3,163			6,168						6,362
Total revenue			$	9,189					$	9,220		$	18,581					$	18,609

*Command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance

Revenue by Contract Type

Revenue by contract type was as follows:

Three Months Ended July 3, 2022			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
Fixed-price			$	1,614					$	1,609					$	1,441					$	1,286					$	5,950
Cost-reimbursement			—						1,042						211						1,256						2,509
Time-and-materials			253						—						14						463						730
Total revenue			$	1,867					$	2,651					$	1,666					$	3,005					$	9,189
Three Months Ended July 4, 2021
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

Six Months Ended July 3, 2022			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
Fixed-price			$	3,287					$	3,210					$	2,906					$	2,624					$	12,027
Cost-reimbursement			—						2,092						408						2,584						5,084
Time-and-materials			483						—						27						960						1,470
Total revenue			$	3,770					$	5,302					$	3,341					$	6,168					$	18,581
Six Months Ended July 4, 2021
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

Revenue by Customer

Revenue by customer was as follows:

Three Months Ended July 3, 2022			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
U.S. government:
Department of Defense (DoD)			$	80					$	2,620					$	940					$	1,667					$	5,307
Non-DoD			—						—						3						1,178						1,181
Foreign military sales (FMS)			49						29						50						6						134
Total U.S. government			129						2,649						993						2,851						6,622
U.S. commercial			1,088						1						60						53						1,202
Non-U.S. government			179						1						590						93						863
Non-U.S. commercial			471						—						23						8						502
Total revenue			$	1,867					$	2,651					$	1,666					$	3,005					$	9,189
Three Months Ended July 4, 2021
U.S. government:
DoD			$	72					$	2,492					$	954					$	1,758					$	5,276
Non-DoD			—						—						3						1,295						1,298
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

Six Months Ended July 3, 2022			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
U.S. government:
DoD			$	160					$	5,225					$	1,795					$	3,418					$	10,598
Non-DoD			—						1						5						2,421						2,427
FMS			82						73						119						16						290
Total U.S. government			242						5,299						1,919						5,855						13,315
U.S. commercial			2,198						1						105						103						2,407
Non-U.S. government			299						2						1,275						195						1,771
Non-U.S. commercial			1,031						—						42						15						1,088
Total revenue			$	3,770					$	5,302					$	3,341					$	6,168					$	18,581
Six Months Ended July 4, 2021
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

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Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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