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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2017
Apr. 03, 2016
Net sales    
Products $ 5,044 $ 4,826
Services 956 976
Total net sales 6,000 5,802
Operating expenses    
Cost of sales—products 3,756 3,639
Cost of sales—services 774 802
General and administrative expenses 729 748
Total operating expenses 5,259 5,189
Operating income 741 613
Non-operating (income) expense, net    
Interest expense 58 58
Interest income (5) (4)
Other (income) expense, net (7) (2)
Total non-operating (income) expense, net 46 52
Income from continuing operations before taxes 695 561
Federal and foreign income taxes 198 157
Income from continuing operations 497 404
Income (loss) from discontinued operations, net of tax 3 1
Net income 500 405
Less: Net income (loss) attributable to noncontrolling interests in subsidiaries (6) (23)
Net income attributable to Raytheon Company $ 506 $ 428
Basic earnings per share attributable to Raytheon Company common stockholders:    
Income from continuing operations $ 1.73 $ 1.43
Income (loss) from discontinued operations, net of tax 0.01 0.00
Net income 1.74 1.43
Diluted earnings per share attributable to Raytheon Company common stockholders:    
Income from continuing operations 1.73 1.43
Income (loss) from discontinued operations, net of tax 0.01 0.00
Net income $ 1.74 $ 1.43
Amounts attributable to Raytheon Company common stockholders:    
Income from continuing operations $ 503 $ 427
Income (loss) from discontinued operations, net of tax 3 1
Net income $ 506 $ 428
Dividends declared per share $ 0.7975 $ 0.7325