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BUSINESS SEGMENTS (Tables) | 12 Months Ended
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Dec. 29, 2023
Segment Reporting [Abstract] |
Schedule of Selected Financial Information by Business Segments | The following table presents revenue and operating income by segment:
| Fiscal Year Ended
(In millions) | December 29, 2023 |  | December 30, 2022 |  | December 31, 2021
Revenue |  |  |  |  |
SAS | $ | 6,856 |  |  | $ | 6,384 |  |  | $ | 6,315 |
IMS | 6,630 |  |  | 6,626 |  |  | 6,733 |
CS | 5,070 |  |  | 4,217 |  |  | 4,287 |
AR | 1,052 |  |  | ** |  | **
Other non-reportable businesses | — |  |  | — |  |  | 683 |
Corporate eliminations | (189) |  |  | (165) |  |  | (204) |
Total revenue | $ | 19,419 |  |  | $ | 17,062 |  |  | $ | 17,814 |
Operating Income
SAS | $ | 756 |  |  | $ | 665 |  |  | $ | 782 |
IMS | 459 |  |  | 494 |  |  | 845 |
CS | 1,229 |  |  | 667 |  |  | 1,043 |
AR | 122 |  |  | ** |  | **
Other non-reportable businesses | — |  |  | — |  |  | 104 |
Total segment | 2,566 |  |  | 1,826 |  |  | 2,774 |
Total unallocated corporate expense | (1,140) |  |  | (699) |  |  | (665) |
Total operating income | $ | 1,426 |  |  | $ | 1,127 |  |  | $ | 2,109 |
_______________ **AR is a new reportable segment established in the quarter ended September 29, 2023 which consists of the operations assumed in the AJRD acquisition. As such, there is no comparable prior year information. The table below is a reconciliation of the FAS/CAS operating adjustment:
| Fiscal Year Ended
(In millions) | December 29, 2023 |  | December 30, 2022 |  | December 31, 2021
FAS pension service cost | $ | (35) |  |  | $ | (46) |  |  | $ | (68) |
Less: CAS pension cost | (145) |  |  | (141) |  |  | (191) |
FAS/CAS operating adjustment | 110 |  |  | 95 |  |  | 123 |
Non-service FAS pension income(1) | 310 |  |  | 441 |  |  | 445 |
FAS/CAS pension adjustment, net(2) | $ | 420 |  |  | $ | 536 |  |  | $ | 568 |
_______________ (1)Non-service FAS pension income is included as component of the “Non-service FAS pension income and other, net” line item in our Consolidated Statement of Operations. (2)FAS/CAS pension adjustment, net excludes net settlement and curtailment losses recognized in fiscal 2021. See Note 9: Retirement Benefits in these Notes for additional information on net settlements and curtailments. Other selected financial information by business segment and geographical area is summarized below:
| Fiscal Year Ended |  |  |  |
(In millions) | December 29, 2023 |  | December 30, 2022 |  | December 31, 2021 |  |  |  |
Capital Expenditures |  |  |  |  |  |  |  |  |
SAS | $ | 151 |  |  | $ | 133 |  |  | $ | 155 |  |  |  |  |
IMS | 149 |  |  | 45 |  |  | 69 |  |  |  |  |
CS | 39 |  |  | 36 |  |  | 56 |  |  |  |  |
AR | 31 |  |  | ** |  | ** |  |  |  |
Other non-reportable businesses | — |  |  | — |  |  | 4 |  |  |  |  |
Corporate | 79 |  |  | 38 |  |  | 58 |  |  |  |  |
Total Capital Expenditures | $ | 449 |  |  | $ | 252 |  |  | $ | 342 |  |  |  |  |
Depreciation and Amortization |  |  |  |  |  |  |  |  |
SAS | $ | 115 |  |  | $ | 112 |  |  | $ | 109 |  |  |  |  |
IMS | 73 |  |  | 76 |  |  | 92 |  |  |  |  |
CS | 54 |  |  | 47 |  |  | 49 |  |  |  |  |
AR | 29 |  |  | ** |  | ** |  |  |  |
Other non-reportable businesses | — |  |  | — |  |  | 8 |  |  |  |  |
Corporate | 895 |  |  | 703 |  |  | 709 |  |  |  |  |
Total Depreciation and Amortization | $ | 1,166 |  |  | $ | 938 |  |  | $ | 967 |  |  |  |  |
Geographical Information for Operations |  |  |  |  |  |  |  |  |
Long-lived assets of U.S. operations | $ | 2,678 |  |  | $ | 1,896 |  |  | $ | 1,870 |  |  |  |  |
Long-lived assets of international operations | 184 |  |  | 208 |  |  | 231 |  |  |  |  |
_______________ **AR is a new reportable segment established in the quarter ended September 29, 2023 which consists of the operations assumed in the AJRD acquisition. As such, there is no comparable prior year information.
Schedule of Disaggregation of Revenue by Segment | Disaggregation of Revenue We disaggregate revenue for all four business segments by customer relationship, contract type and geographical region. We believe these categories best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.
| Fiscal Year Ended
| December 29, 2023
(In millions) | SAS |  | IMS |  | CS |  | AR
Revenue By Customer Relationship
Prime contractor | $ | 4,252 |  |  | $ | 4,196 |  |  | $ | 3,420 |  |  | $ | 250 |
Subcontractor | 2,555 |  |  | 2,347 |  |  | 1,597 |  |  | 802 |
Intersegment | 49 |  |  | 87 |  |  | 53 |  |  | — |
Total segment | $ | 6,856 |  |  | $ | 6,630 |  |  | $ | 5,070 |  |  | $ | 1,052 |
Revenue By Contract Type
Fixed-price(1) | $ | 4,257 |  |  | $ | 5,020 |  |  | $ | 4,289 |  |  | $ | 632 |
Cost-reimbursable | 2,550 |  |  | 1,523 |  |  | 728 |  |  | 420 |
Intersegment | 49 |  |  | 87 |  |  | 53 |  |  | — |
Total segment | $ | 6,856 |  |  | $ | 6,630 |  |  | $ | 5,070 |  |  | $ | 1,052 |
Revenue By Geographical Region
United States | $ | 5,933 |  |  | $ | 4,816 |  |  | $ | 3,482 |  |  | $ | 1,015 |
International | 874 |  |  | 1,727 |  |  | 1,535 |  |  | 37 |
Intersegment | 49 |  |  | 87 |  |  | 53 |  |  | — |
Total segment | $ | 6,856 |  |  | $ | 6,630 |  |  | $ | 5,070 |  |  | $ | 1,052 |
_______________ (1)Includes revenue derived from time-and-materials contracts.
| Fiscal Year Ended
| December 30, 2022
(In millions) | SAS |  | IMS |  | CS |  | AR
Revenue By Customer Relationship
Prime contractor | $ | 4,005 |  |  | $ | 4,301 |  |  | $ | 2,829 |  |  | **
Subcontractor | 2,330 |  |  | 2,254 |  |  | 1,343 |  |  | **
Intersegment | 49 |  |  | 71 |  |  | 45 |  |  | **
Total segment | $ | 6,384 |  |  | $ | 6,626 |  |  | $ | 4,217 |  |  | $ | — |
Revenue By Contract Type
Fixed-price(1) | $ | 3,811 |  |  | $ | 5,060 |  |  | $ | 3,552 |  |  | **
Cost-reimbursable | 2,524 |  |  | 1,495 |  |  | 620 |  |  | **
Intersegment | 49 |  |  | 71 |  |  | 45 |  |  | **
Total segment | $ | 6,384 |  |  | $ | 6,626 |  |  | $ | 4,217 |  |  | $ | — |
Revenue By Geographical Region
United States | $ | 5,623 |  |  | $ | 4,796 |  |  | $ | 2,735 |  |  | **
International | 712 |  |  | 1,759 |  |  | 1,437 |  |  | **
Intersegment | 49 |  |  | 71 |  |  | 45 |  |  | **
Total segment | $ | 6,384 |  |  | $ | 6,626 |  |  | $ | 4,217 |  |  | $ | — |
_______________ **AR is a new reportable segment established in the quarter ended September 29, 2023 which consists of the operations assumed in the AJRD acquisition. As such, there is no comparable prior year information. (1)Includes revenue derived from time-and-materials contracts.
| Fiscal Year Ended
| December 31, 2021
(In millions) | SAS |  | IMS |  | CS |  | AR
Revenue By Customer Relationship
Prime contractor | $ | 3,942 |  |  | $ | 4,474 |  |  | $ | 2,886 |  |  | **
Subcontractor | 2,331 |  |  | 2,187 |  |  | 1,347 |  |  | **
Intersegment | 42 |  |  | 72 |  |  | 54 |  |  | **
Total segment | $ | 6,315 |  |  | $ | 6,733 |  |  | $ | 4,287 |  |  | $ | — |
Revenue By Contract Type
Fixed-price(1) | $ | 3,781 |  |  | $ | 5,231 |  |  | $ | 3,631 |  |  | **
Cost-reimbursable | 2,492 |  |  | 1,430 |  |  | 602 |  |  | **
Intersegment | 42 |  |  | 72 |  |  | 54 |  |  | **
Total segment | $ | 6,315 |  |  | $ | 6,733 |  |  | $ | 4,287 |  |  | $ | — |
Revenue By Geographical Region |  |
United States | $ | 5,569 |  |  | $ | 4,782 |  |  | $ | 3,001 |  |  | **
International | 704 |  |  | 1,879 |  |  | 1,232 |  |  | **
Intersegment | 42 |  |  | 72 |  |  | 54 |  |  | **
Total segment | $ | 6,315 |  |  | $ | 6,733 |  |  | $ | 4,287 |  |  | $ | — |
_______________ **AR is a new reportable segment established in the quarter ended September 29, 2023 which consists of the operations assumed in the AJRD acquisition. As such, there is no comparable prior year information. (1)Includes revenue derived from time-and-materials contracts.
| Fiscal Year Ended |  |  |  |
(In millions) | December 29, 2023 |  | December 30, 2022 |  | December 31, 2021 |  |  |  |
Geographical Information for Operations |  |  |  |  |  |  |  |  |
Revenue from U.S. operations | $ | 17,537 |  |  | $ | 15,373 |  |  | $ | 16,234 |  |  |  |  |
Revenue from international operations | 1,882 |  |  | 1,689 |  |  | 1,580 |  |  |  |  |
Schedule of Total Assets by Segment | Total assets by business segment are as follows:
(In millions) | December 29, 2023 |  | December 30, 2022
Total Assets |  |  |
SAS | $ | 9,085 |  |  | $ | 8,838 |
IMS | 10,631 |  |  | 10,925 |
CS | 7,084 |  |  | 5,800 |
AR | 4,208 |  |  | **
Corporate(1) | 10,679 |  |  | 7,961 |
Total Assets | $ | 41,687 |  |  | $ | 33,524 |
_______________ **AR is a new reportable segment established in the quarter ended September 29, 2023 which consists of assets, liabilities and operations assumed in the AJRD acquisition. As such, there is no comparable prior year information. (1)Identifiable intangible assets acquired in connection with business combinations were recorded as corporate assets because they benefited the entire Company. Identifiable intangible asset balances recorded as corporate assets were $8.5 billion and $6.0 billion at December 29, 2023 and December 30, 2022, respectively. Corporate assets also consisted of cash, income taxes receivable, deferred income taxes, deferred compensation plan investments, buildings and equipment, real estate held for development and leasing that we acquired with AJRD, as well as any assets of businesses held for sale.

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