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Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
The following tables present the Company's operating results by segment:
Three Months Ended March 31, 2026
($ in millions)IngallsNewport NewsMission TechnologiesIntersegment EliminationsTotal
Sales and Service Revenues
Product sales$614 $1,364 $26 $— $2,004 
Service revenues108 301 686 — 1,095 
Intersegment3 — 36 (39)— 
Total sales and service revenues725 1,665 748 (39)3,099 
Segment Operating Income
Income from operating investments, net— — 5 — 5 
Less:
Cost of sales and service revenues
Product531 1,179 24 — 1,734 
Service96 255 597 — 948 
Intersegment3 — 36 (39)— 
Other segment items46 143 61 — 250 
Total segment operating income$49 $88 $35 $— 172 
Non-segment factors affecting operating income
Operating FAS/CAS Adjustment(9)
Non-current state income taxes(8)
Total operating income$155 
Three Months Ended March 31, 2025
($ in millions)IngallsNewport NewsMission TechnologiesIntersegment EliminationsTotal
Sales and Service Revenues
Product sales$526 $1,160 $27 $— $1,713 
Service revenues107 236 678 — 1,021 
Intersegment4 — 30 (34)— 
Total sales and service revenues637 1,396 735 (34)2,734 
Segment Operating Income
Income from operating investments, net— — 13 — 13 
Less:
Cost of sales and service revenues
Product452 971 20 — 1,443 
Service90 193 604 — 887 
Intersegment4 — 30 (34)— 
Other segment items45 147 54 — 246 
Total segment operating income$46 $85 $40 $— 171 
Non-segment factors affecting operating income
Operating FAS/CAS Adjustment(10)
Non-current state income taxes— 
Total operating income$161 

Sales transactions between segments are generally recorded at cost.

Other segment items consist of general and administrative expenses.

Other Financial Information

The following tables present the Company's capital expenditures, as presented to the chief operating decision maker, and depreciation and amortization by segment:
Three Months Ended March 31
($ in millions)20262025
Capital Expenditures(1)
Ingalls$10 $14 
Newport News57 49 
Mission Technologies3 1 
Total segment capital expenditures70 64 
Corporate1 3 
Total capital expenditures$71 $67 
(1) Net of grant proceeds for capital expenditures
Three Months Ended March 31
($ in millions)20262025
Depreciation and Amortization
Ingalls$20 $20 
Newport News35 33 
Mission Technologies20 25 
Total segment depreciation and amortization75 78 
Corporate1 1 
Total depreciation and amortization$76 $79 
Asset information by segment is not disclosed because it is not a key measure of performance used by the chief operating decision maker.