Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

The following table presents sales and operating income by segment:


	Year Ended December 31
$ in millions	2021		2020		2019
Sales
Aeronautics Systems	$	11,259	$	12,169	$	11,116
Defense Systems	5,776		7,543		7,495
Mission Systems	10,134		10,080		9,410
Space Systems	10,608		8,744		7,425
Intersegment eliminations	(2,110)		(1,737)		(1,605)
Total sales	35,667		36,799		33,841
Operating income
Aeronautics Systems	1,093		1,206		1,188
Defense Systems	696		846		793
Mission Systems	1,579		1,459		1,408
Space Systems	1,121		893		794
Intersegment eliminations	(272)		(216)		(205)
Total segment operating income	4,217		4,188		3,978
FAS/CAS operating adjustment	130		418		465
Unallocated corporate income (expense)	1,304		(541)		(474)
Total operating income	$	5,651	$	4,065	$	3,969

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]


Sales by Customer Type	Year Ended December 31
	2021				2020				2019
$ in millions	$		%(3)		$		%(3)		$		%(3)
Aeronautics Systems
U.S. government (1)	$	9,631	85	%	$	10,411	86	%	$	9,258	83	%
International (2)	1,421		13	%	1,595		13	%	1,688		15	%
Other customers	18		—	%	41		—	%	67		1	%
Intersegment sales	189		2	%	122		1	%	103		1	%
Aeronautics Systems sales	11,259		100	%	12,169		100	%	11,116		100	%
Defense Systems
U.S. government (1)	3,595		62	%	5,103		68	%	4,952		66	%
International (2)	1,317		23	%	1,317		17	%	1,442		19	%
Other customers	75		1	%	395		5	%	410		6	%
Intersegment sales	789		14	%	728		10	%	691		9	%
Defense Systems sales	5,776		100	%	7,543		100	%	7,495		100	%
Mission Systems
U.S. government (1)	7,223		71	%	7,279		72	%	6,765		72	%
International (2)	1,846		18	%	1,945		19	%	1,839		19	%
Other customers	72		1	%	77		1	%	78		1	%
Intersegment sales	993		10	%	779		8	%	728		8	%
Mission Systems sales	10,134		100	%	10,080		100	%	9,410		100	%
Space Systems
U.S. government (1)	9,885		93	%	8,110		93	%	6,959		94	%
International (2)	398		4	%	331		4	%	185		2	%
Other customers	186		2	%	195		2	%	198		3	%
Intersegment sales	139		1	%	108		1	%	83		1	%
Space Systems sales	10,608		100	%	8,744		100	%	7,425		100	%
Total
U.S. government (1)	30,334		85	%	30,903		84	%	27,934		83	%
International (2)	4,982		14	%	5,188		14	%	5,154		15	%
Other customers	351		1	%	708		2	%	753		2	%
Total Sales	$	35,667	100	%	$	36,799	100	%	$	33,841	100	%

(1)Sales to the U.S. government include sales from contracts for which we are the prime contractor, as well as those for which we are a subcontractor and the ultimate customer is the U.S. government. Each of the company’s segments derives substantial revenue from the U.S. government.

(2) International sales include sales from contracts for which we are the prime contractor, as well as those for which we are a subcontractor and the ultimate customer is an international customer. These sales include foreign military sales contracted through the U.S. government.

(3) Percentages calculated based on total segment sales.

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]


Sales by Contract Type	Year Ended December 31
	2021				2020				2019
$ in millions	$		%(1)		$		%(1)		$		%(1)
Aeronautics Systems
Cost-type	$	5,419	49	%	$	6,142	51	%	$	5,299	48	%
Fixed-price	5,651		51	%	5,905		49	%	5,714		52	%
Intersegment sales	189				122				103
Aeronautics Systems sales	11,259				12,169				11,116
Defense Systems
Cost-type	1,739		35	%	2,345		34	%	2,509		37	%
Fixed-price	3,248		65	%	4,470		66	%	4,295		63	%
Intersegment sales	789				728				691
Defense Systems sales	5,776				7,543				7,495
Mission Systems
Cost-type	3,139		34	%	3,582		39	%	3,335		38	%
Fixed-price	6,002		66	%	5,719		61	%	5,347		62	%
Intersegment sales	993				779				728
Mission Systems sales	10,134				10,080				9,410
Space Systems
Cost-type	7,731		74	%	6,369		74	%	5,336		73	%
Fixed-price	2,738		26	%	2,267		26	%	2,006		27	%
Intersegment sales	139				108				83
Space Systems sales	10,608				8,744				7,425
Total
Cost-type	18,028		51	%	18,438		50	%	16,479		49	%
Fixed-price	17,639		49	%	18,361		50	%	17,362		51	%
Total Sales	$	35,667			$	36,799			$	33,841

(1)Percentages calculated based on external customer sales.

Revenue from External Customers by Geographic Areas [Table Text Block]


Sales by Geographic Region	Year Ended December 31
	2021				2020				2019
$ in millions	$		%(2)		$		%(2)		$		%(2)
Aeronautics Systems
United States	$	9,649	87	%	$	10,452	87	%	$	9,325	85	%
Asia/Pacific	896		8	%	841		7	%	810		7	%
Europe	461		4	%	574		5	%	587		5	%
All other (1)	64		1	%	180		1	%	291		3	%
Intersegment sales	189				122				103
Aeronautics Systems sales	11,259				12,169				11,116
Defense Systems
United States	3,670		74	%	5,498		81	%	5,362		79	%
Asia/Pacific	465		9	%	402		6	%	369		5	%
Europe	314		6	%	315		4	%	249		4	%
All other (1)	538		11	%	600		9	%	824		12	%
Intersegment sales	789				728				691
Defense Systems sales	5,776				7,543				7,495
Mission Systems
United States	7,295		80	%	7,356		79	%	6,843		79	%
Asia/Pacific	518		6	%	707		8	%	637		7	%
Europe	1,004		10	%	893		9	%	850		10	%
All other (1)	324		4	%	345		4	%	352		4	%
Intersegment sales	993				779				728
Mission Systems sales	10,134				10,080				9,410
Space Systems
United States	10,071		96	%	8,305		96	%	7,157		98	%
Asia/Pacific	60		1	%	18		—	%	20		—	%
Europe	328		3	%	300		4	%	147		2	%
All other (1)	10		—	%	13		—	%	18		—	%
Intersegment sales	139				108				83
Space Systems sales	10,608				8,744				7,425
Total
United States	30,685		86	%	31,611		86	%	28,687		85	%
Asia/Pacific	1,939		5	%	1,968		5	%	1,836		6	%
Europe	2,107		6	%	2,082		6	%	1,833		5	%
All other (1)	936		3	%	1,138		3	%	1,485		4	%
Total Sales	$	35,667			$	36,799			$	33,841

(1)All other is principally comprised of the Middle East.

(2)Percentages calculated based on external customer sales.

Intersegment sales and operating income

The following table presents intersegment sales and operating income before eliminations:


	Year Ended December 31
$ in millions	2021					2020					2019
	Sales		Operating Income			Sales		Operating Income			Sales		Operating Income
Intersegment sales and operating income
Aeronautics Systems	$	189		$	19	$	122		$	11	$	103		$	10
Defense Systems	789			89		728			76		691			74
Mission Systems	993			150		779			116		728			113
Space Systems	139			14		108			13		83			8
Total	$	2,110		$	272	$	1,737		$	216	$	1,605		$	205

Total assets by segment

The following table presents assets by segment:


	December 31
$ in millions	2021		2020
Assets
Aeronautics Systems	$	9,423	$	8,997
Defense Systems	5,911		7,352
Mission Systems	9,869		10,029
Space Systems	10,760		10,028

Corporate assets(1)	6,616		8,063
Total assets	$	42,579	$	44,469

(1)Corporate assets principally consist of cash and cash equivalents, refundable taxes, deferred tax assets, property, plant and equipment, marketable securities and deferred costs associated with certain environmental matters.

Additional information by segment

The following table presents capital expenditures and depreciation and amortization by segment:


	Year Ended December 31
$ in millions	2021		2020		2019		2021		2020		2019
	Capital Expenditures						Depreciation and Amortization(1)
Aeronautics Systems	$	465	$	540	$	528	$	216	$	238	$	224
Defense Systems	133		78		71		45		48		44
Mission Systems	236		302		229		170		150		133
Space Systems	530		440		352		247		211		189
Corporate	51		60		84		295		358		428
Total	$	1,415	$	1,420	$	1,264	$	973	$	1,005	$	1,018

(1)Corporate amounts include the amortization of purchased intangible assets and the additional depreciation expense related to the step-up in fair value of property, plant and equipment acquired through business combinations as they are not considered part of management’s evaluation of segment operating performance.