Contracts in Process (Tables)

6 Months Ended

Jul. 01, 2011

Contracts in Process (Tables) [Abstract]

Components of contracts in process

	July 1,			December 31,
	2011			2010
	(in millions)
Unbilled contract receivables, gross	$	3,019		$	2,769
Less: unliquidated progress payments		(1,199	)		(1,007	)
Unbilled contract receivables, net		1,820			1,762
Inventoried contract costs, gross		1,034			882
Less: unliquidated progress payments		(120	)		(96	)
Inventoried contract costs, net		914			786
Total contracts in process	$	2,734		$	2,548

General & Administrative, Independent Research & Development and Bid and Proposal Costs

	Second Quarter Ended						First Half Ended
	July 1,			June 25,			July 1,			June 25,
	2011			2010			2011			2010
	(in millions)
Amounts included in inventoried contract costs at beginning of the period	$	102		$	84		$	97		$	77
Add: Contract costs incurred(1)		340			342			652			655
Less: Amounts charged to cost of sales		(330	)		(333	)		(637	)		(639	)
Amounts included in inventoried contract costs at end of the period	$	112		$	93		$	112		$	93

⁽¹⁾ Includes IRAD and B&P costs of $98 million for the quarter ended July 1, 2011, $92 million for the quarter ended June 25, 2010, $179 million for the first half ended July 1, 2011 and $173 million for the first half ended June 25, 2010, and other G&A costs of $242 million for the quarter ended July 1, 2011, $250 million for the quarter ended June 25, 2010, $473 million for the first half ended July 1, 2011 and $482 million for the first half ended June 25, 2010.

Selling, general and administrative expenses and research and development expenses

	Second Quarter Ended				First Half Ended
	July 1,		June 25,		July 1,		June 25,
	2011		2010		2011		2010
	(in millions)
Selling, general and administrative expenses	$	76	$	69	$	152	$	132
Research and development expenses		20		20		38		32
Total	$	96	$	89	$	190	$	164