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v3.25.3

Segment Information | 9 Months Ended
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Sep. 28, 2025
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION We have four operating segments: Aerospace, Marine Systems, Combat Systems and Technologies. We organize our segments in accordance with the nature of products and services offered. Our chief operating decision maker is our Chairman and Chief Executive Officer (CEO). We measure each segment’s profitability based on operating earnings. Segment operating earnings exclude net interest and other income and expense items. The Chairman and CEO uses segment operating earnings as an input when assessing segment performance and when making decisions to allocate financial resources between segments. The Chairman and CEO uses operating earnings in assessing segment performance by comparing operating earnings to prior period results and plan-to-actual variances. The Chairman and CEO also uses forecasted expense information for each segment to manage operations. Summary financial information for each of our segments follows:
| Revenue (a) |  | Other Segment Items (b) |  | Operating Earnings
Three Months Ended | September 28, 2025 | September 29, 2024 |  | September 28, 2025 | September 29, 2024 |  | September 28, 2025 | September 29, 2024
Aerospace | $ | 3,234 |  | $ | 2,482 |  |  | $ | (2,804) |  | $ | (2,177) |  |  | $ | 430 |  | $ | 305 |
Marine Systems | 4,096 |  | 3,599 |  |  | (3,805) |  | (3,341) |  |  | 291 |  | 258 |
Combat Systems | 2,252 |  | 2,212 |  |  | (1,917) |  | (1,887) |  |  | 335 |  | 325 |
Technologies | 3,325 |  | 3,378 |  |  | (2,998) |  | (3,052) |  |  | 327 |  | 326 |
Corporate (c) | — |  | — |  |  | — |  | — |  |  | (52) |  | (33) |
Total | $ | 12,907 |  | $ | 11,671 |  |  | $ | (11,524) |  | $ | (10,457) |  |  | $ | 1,331 |  | $ | 1,181 |
Nine Months Ended |  |  |  |  |  |  |  |
Aerospace | $ | 9,322 |  | $ | 7,506 |  |  | $ | (8,057) |  | $ | (6,627) |  |  | $ | 1,265 |  | $ | 879 |
Marine Systems | 11,905 |  | 10,383 |  |  | (11,073) |  | (9,648) |  |  | 832 |  | 735 |
Combat Systems | 6,711 |  | 6,602 |  |  | (5,761) |  | (5,682) |  |  | 950 |  | 920 |
Technologies | 10,233 |  | 9,887 |  |  | (9,246) |  | (8,946) |  |  | 987 |  | 941 |
Corporate (c) | — |  | — |  |  | — |  | — |  |  | (130) |  | (102) |
Total | $ | 38,171 |  | $ | 34,378 |  |  | $ | (34,137) |  | $ | (30,903) |  |  | $ | 3,904 |  | $ | 3,373 |
(a)See Note B for additional revenue information by segment. (b)Other segment items consist of material and labor costs, depreciation and amortization, and other overhead and G&A expenses. (c)Corporate operating costs consisted primarily of equity-based compensation expense. The following is additional summary financial information for each of our segments:
| Capital Expenditures |  | Depreciation and Amortization* |  | Identifiable Assets
Three Months Ended | September 28, 2025 | September 29, 2024 |  | September 28, 2025 | September 29, 2024 |  | September 28, 2025 | December 31, 2024
Aerospace | $ | 43 |  | $ | 53 |  |  | $ | 63 |  | $ | 52 |  |  | $ | 16,651 |  | $ | 16,192 |
Marine Systems | 96 |  | 93 |  |  | 64 |  | 60 |  |  | 6,743 |  | 7,019 |
Combat Systems | 35 |  | 31 |  |  | 27 |  | 30 |  |  | 11,295 |  | 10,275 |
Technologies | 38 |  | 24 |  |  | 69 |  | 73 |  |  | 19,212 |  | 19,286 |
Corporate | — |  | — |  |  | 3 |  | 3 |  |  | 3,698 |  | 3,108 |
Total | $ | 212 |  | $ | 201 |  |  | $ | 226 |  | $ | 218 |  |  | $ | 57,599 |  | $ | 55,880 |
Nine Months Ended |  |  |  |  |  |  |  |
Aerospace | $ | 106 |  | $ | 162 |  |  | $ | 182 |  | $ | 156 |  |  |  |
Marine Systems | 295 |  | 267 |  |  | 194 |  | 176 |  |  |  |
Combat Systems | 69 |  | 69 |  |  | 82 |  | 85 |  |  |  |
Technologies | 79 |  | 61 |  |  | 205 |  | 220 |  |  |  |
Corporate | 3 |  | 2 |  |  | 9 |  | 9 |  |  |  |
Total | $ | 552 |  | $ | 561 |  |  | $ | 672 |  | $ | 646 |  |  |  |
* Depreciation and amortization by reportable segment is included within the other segment items expense caption.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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