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Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Oct. 01, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Business Segments

The assignment of goodwill by business segment, and changes in the carrying amount of goodwill by business segment, were as follows:

(In millions)			Integrated Mission Systems						Space and Airborne Systems						Communication Systems						Aviation Systems						Total
Balance at January 1, 2021			$	6,499					$	5,232					$	4,153					$	2,992					$	18,876
Goodwill decrease from divestitures(1)			—						—						—						(553)						(553)
Decrease from reclassification to assets of businesses held for sale(2)			—						—						—						(11)						(11)
Impairment of goodwill			—						—						—						(62)						(62)
Currency translation adjustments			(8)						(23)						—						(12)						(43)
Balance at October 1, 2021			$	6,491					$	5,209					$	4,153					$	2,354					$	18,207
Balance at January 3, 2020			$	5,768					$	5,131					$	4,243					$	4,859					$	20,001
Goodwill decrease from divestitures(1)			—						(2)						(9)						(530)						(541)
Impairment of goodwill			—						(5)						—						(364)						(369)
Currency translation adjustments			(3)						(4)						(2)						1						(8)
Other (including adjustments to previously estimated fair value of assets acquired and liabilities assumed)			740						112						(82)						(861)						(91)
Balance at October 2, 2020			$	6,505					$	5,232					$	4,150					$	3,105					$	18,992

_______________

(1)During the three quarters ended October 1, 2021, we completed the divestitures of our CPS business, military training business, Electron Devices business and VSE disposal group and derecognized $553 million of goodwill as part of determining the gain or loss on the sales of these businesses. During the three quarters ended October 2, 2020, we completed the divestitures of our airport security and automation business, Applied Kilovolts business and EOTech business and derecognized $541 million of goodwill as part of determining the gain or loss on the sales of these businesses.

(2)During the three quarters ended October 1, 2021, we assigned $11 million of goodwill associated with pending divestitures to “Assets of businesses held for sale” in our Condensed Consolidated Balance Sheet (Unaudited). See Note B — Business Divestitures in these Notes for additional information.

Schedule of Identifiable Intangible Assets Subject to Amortization

Identifiable intangible assets are summarized below:

			October 1, 2021																		January 1, 2021
(In millions)			Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount(1)						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Customer relationships			$	6,200					$	1,579					$	4,621					$	6,863					$	1,257					$	5,606
Developed technologies			601						304						297						653						261						392
Contract backlog			13						13						—						19						17						2
Trade names — divisions			108						54						54						129						45						84
Other			3						3						—						3						3						—
Total identifiable intangible assets subject to amortization			6,925						1,953						4,972						7,667						1,583						6,084
In-process research and development			21						—						21						21						—						21
Trade names — corporate			1,803						—						1,803						1,803						—						1,803
Total identifiable intangible assets			$	8,749					$	1,953					$	6,796					$	9,491					$	1,583					$	7,908

_______________

(1)During the three quarters ended October 1, 2021, we derecognized $546 million of intangible assets associated with completed divestitures and reclassified $31 million of intangible assets associated with pending divestitures to “Assets of businesses held for sale” in our Condensed Consolidated Balance Sheet (Unaudited). See Note B — Business Divestitures in these Notes for additional information regarding divestitures.

Schedule of Identifiable Intangible Assets Not Subject to Amortization

Identifiable intangible assets are summarized below:

			October 1, 2021																		January 1, 2021
(In millions)			Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount(1)						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Customer relationships			$	6,200					$	1,579					$	4,621					$	6,863					$	1,257					$	5,606
Developed technologies			601						304						297						653						261						392
Contract backlog			13						13						—						19						17						2
Trade names — divisions			108						54						54						129						45						84
Other			3						3						—						3						3						—
Total identifiable intangible assets subject to amortization			6,925						1,953						4,972						7,667						1,583						6,084
In-process research and development			21						—						21						21						—						21
Trade names — corporate			1,803						—						1,803						1,803						—						1,803
Total identifiable intangible assets			$	8,749					$	1,953					$	6,796					$	9,491					$	1,583					$	7,908

_______________

(1)During the three quarters ended October 1, 2021, we derecognized $546 million of intangible assets associated with completed divestitures and reclassified $31 million of intangible assets associated with pending divestitures to “Assets of businesses held for sale” in our Condensed Consolidated Balance Sheet (Unaudited). See Note B — Business Divestitures in these Notes for additional information regarding divestitures.

Schedule of Future Estimated Amortization Expense For Identifiable Intangible Assets

Future estimated amortization expense for identifiable intangible assets subject to amortization is as follows:

			(In millions)
Year 1			$	608
Year 2			602
Year 3			574
Year 4			529
Year 5			477
Thereafter			2,182
Total			$	4,972

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