XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.26.1

Revenue (Tables) | 3 Months Ended
--- | ---
Apr. 05, 2026
Revenue Recognition [Abstract] |
Schedule of Impact of Adjustments in Contract Estimates | The aggregate impact of adjustments in contract estimates changed our revenue, operating earnings and diluted earnings per share as follows:
Three Months Ended | April 5, 2026 |  | March 30, 2025 |  |  |
Revenue | $ | 57 |  |  | $ | 78 |  |  |  |
Operating earnings | 54 |  |  | 31 |  |  |  |
Diluted earnings per share | $ | 0.16 |  |  | $ | 0.09 |  |  |  |
Revenue by Major Product Line | Revenue by major products and services was as follows:
Three Months Ended | April 5, 2026 |  | March 30, 2025 |  |  |
Aircraft manufacturing | $ | 2,311 |  |  | $ | 2,168 |  |  |  |
Aircraft services | 968 |  |  | 858 |  |  |  |
Total Aerospace | 3,279 |  |  | 3,026 |  |  |  |
Nuclear-powered submarines | 3,272 |  |  | 2,620 |  |  |  |
Surface ships | 770 |  |  | 710 |  |  |  |
Repair and other services | 301 |  |  | 259 |  |  |  |
Total Marine Systems | 4,343 |  |  | 3,589 |  |  |  |
Military vehicles | 1,155 |  |  | 1,215 |  |  |  |
Weapon systems and munitions | 781 |  |  | 701 |  |  |  |
Engineering and other services | 347 |  |  | 260 |  |  |  |
Total Combat Systems | 2,283 |  |  | 2,176 |  |  |  |
Information technology (IT) services | 2,383 |  |  | 2,364 |  |  |  |
C5ISR* solutions | 1,193 |  |  | 1,068 |  |  |  |
Total Technologies | 3,576 |  |  | 3,432 |  |  |  |
Total revenue | $ | 13,481 |  |  | $ | 12,223 |  |  |  |
*Command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance
Revenue by Contract Type | Revenue by contract type was as follows:
Three Months Ended April 5, 2026 | Aerospace |  | Marine Systems |  | Combat Systems |  | Technologies |  | Total Revenue
Fixed-price | $ | 2,975 |  |  | $ | 1,976 |  |  | $ | 1,946 |  |  | $ | 1,410 |  |  | $ | 8,307 |
Cost-reimbursement | — |  |  | 2,366 |  |  | 311 |  |  | 1,516 |  |  | 4,193 |
Time-and-materials | 304 |  |  | 1 |  |  | 26 |  |  | 650 |  |  | 981 |
Total revenue | $ | 3,279 |  |  | $ | 4,343 |  |  | $ | 2,283 |  |  | $ | 3,576 |  |  | $ | 13,481 |
Three Months Ended March 30, 2025 |  |  |  |  |  |  |  |  |
Fixed-price | $ | 2,753 |  |  | $ | 1,724 |  |  | $ | 1,848 |  |  | $ | 1,445 |  |  | $ | 7,770 |
Cost-reimbursement | — |  |  | 1,865 |  |  | 310 |  |  | 1,469 |  |  | 3,644 |
Time-and-materials | 273 |  |  | — |  |  | 18 |  |  | 518 |  |  | 809 |
Total revenue | $ | 3,026 |  |  | $ | 3,589 |  |  | $ | 2,176 |  |  | $ | 3,432 |  |  | $ | 12,223 |
Revenue by Customer | Revenue by customer was as follows:
Three Months Ended April 5, 2026 | Aerospace |  | Marine Systems |  | Combat Systems |  | Technologies |  | Total Revenue
U.S. government: |  |  |  |  |  |  |  |  |
Department of War (DoW) | $ | 71 |  |  | $ | 4,310 |  |  | $ | 1,177 |  |  | $ | 2,068 |  |  | $ | 7,626 |
Non-DoW | 6 |  |  | — |  |  | 2 |  |  | 1,275 |  |  | 1,283 |
Foreign military sales (FMS) | — |  |  | 32 |  |  | 195 |  |  | 3 |  |  | 230 |
Total U.S. government | 77 |  |  | 4,342 |  |  | 1,374 |  |  | 3,346 |  |  | 9,139 |
U.S. commercial | 1,706 |  |  | — |  |  | 37 |  |  | 61 |  |  | 1,804 |
Non-U.S. government | 235 |  |  | 1 |  |  | 858 |  |  | 159 |  |  | 1,253 |
Non-U.S. commercial | 1,261 |  |  | — |  |  | 14 |  |  | 10 |  |  | 1,285 |
Total revenue | $ | 3,279 |  |  | $ | 4,343 |  |  | $ | 2,283 |  |  | $ | 3,576 |  |  | $ | 13,481 |
Three Months Ended March 30, 2025 |  |  |  |  |  |  |  |  |
U.S. government: |  |  |  |  |  |  |  |  |
DoW | $ | 65 |  |  | $ | 3,558 |  |  | $ | 1,210 |  |  | $ | 2,012 |  |  | $ | 6,845 |
Non-DoW | — |  |  | — |  |  | 2 |  |  | 1,248 |  |  | 1,250 |
FMS | 5 |  |  | 29 |  |  | 218 |  |  | 3 |  |  | 255 |
Total U.S. government | 70 |  |  | 3,587 |  |  | 1,430 |  |  | 3,263 |  |  | 8,350 |
U.S. commercial | 1,224 |  |  | 1 |  |  | 59 |  |  | 46 |  |  | 1,330 |
Non-U.S. government | 171 |  |  | 1 |  |  | 658 |  |  | 115 |  |  | 945 |
Non-U.S. commercial | 1,561 |  |  | — |  |  | 29 |  |  | 8 |  |  | 1,598 |
Total revenue | $ | 3,026 |  |  | $ | 3,589 |  |  | $ | 2,176 |  |  | $ | 3,432 |  |  | $ | 12,223 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in an accounting estimate, including a change that occurs in an interim period. If a change in accounting estimate affects several future periods (for example, a change in the service life of a depreciable asset) disclose the effect on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), and any related per-share amounts of the current period. Disclosure of the effects of a change in an accounting estimate that occurs in the ordinary course of business (such as uncollectible accounts or inventory obsolescence) is not required, unless the effect is material. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482989/270-10-45-14 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4 + Details
Name: | us-gaap_ScheduleOfChangeInAccountingEstimateTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration