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Segment Information
 9 Months Ended
Sep. 29, 2017
Segment Information [Abstract]  
Segment Information
22. Segment Information
 
The Company has four reportable segments, which are described in Note 1. The Company evaluates the performance of its operating segments and reportable segments based on their sales, operating income and operating margin. Corporate expenses are allocated to the Company’s operating segments using an allocation methodology prescribed by U.S. Government regulations for government contractors. Accordingly, segment results include all costs and expenses, except for goodwill impairment charges and certain other items that are excluded by management for purposes of evaluating the operating performance of the Company’s business segments.
 
The tables below present net sales, operating income, depreciation and amortization and total assets by reportable segment.
Third Quarter Ended
Year-to-Date Ended
September 29,
2017
September 23,
2016
September 29,
2017
September 23,
2016
(in millions)
Net Sales:
 
 
 
 
 
 
 
 
 
 
 
 
Aerospace Systems
$
1,025
 
$
1,012
 
$
3,097
 
$
3,167
 
Electronic Systems
 
730
 
 
661
 
 
2,278
 
 
1,955
 
Communication Systems
 
546
 
 
509
 
 
1,644
 
 
1,485
 
Sensor Systems
 
370
 
 
364
 
 
1,118
 
 
1,021
 
Elimination of intercompany sales
 
(25
)
 
(41
)
 
(90
)
 
(106
)
Consolidated total
$
2,646
 
$
2,505
 
$
8,047
 
$
7,522
 
Operating Income:
 
 
 
 
 
 
 
 
 
 
 
 
Aerospace Systems
$
57
 
$
56
 
$
196
 
$
232
 
Electronic Systems
 
103
 
 
88
 
 
299
 
 
256
 
Communication Systems
 
42
 
 
40
 
 
170
 
 
143
 
Sensor Systems
 
48
 
 
31
 
 
150
 
 
83
 
Segment total
 
250
 
 
215
 
 
815
 
 
714
 
Goodwill impairment charge(1)
 
(187
)
 
—
 
 
(187
)
 
—
 
Consolidated total
$
63
 
$
215
 
$
628
 
$
714
 
Depreciation and amortization:
 
 
 
 
 
 
 
 
 
 
 
 
Aerospace Systems
$
15
 
$
13
 
$
42
 
$
40
 
Electronic Systems
 
19
 
 
15
 
 
54
 
 
45
 
Communication Systems
 
12
 
 
12
 
 
36
 
 
35
 
Sensor Systems
 
10
 
 
11
 
 
33
 
 
33
 
Consolidated total
$
56
 
$
51
 
$
165
 
$
153
 
 
 
(1)
Represents a goodwill impairment charge recorded during the third quarter of 2017 related to Vertex Aerospace. See Note 8 for additional information.
September 29,
2017
December 31,
2016
(in millions)
Total Assets:
 
 
 
 
 
 
Electronic Systems
$
4,802
 
$
4,369
 
Aerospace Systems
 
2,477
 
 
2,535
 
Communication Systems
 
2,122
 
 
2,031
 
Sensor Systems
 
2,677
 
 
2,433
 
Corporate
 
390
 
 
497
 
Consolidated total
$
12,468
 
$
11,865