Segment Information (Unaudited) (Tables)

3 Months Ended

Mar. 31, 2022

The following table presents sales and operating income by segment:


	Three Months Ended March 31
$ in millions		2022		2021
Sales
Aeronautics Systems		$	2,703	$	2,990
Defense Systems		1,283		1,562
Mission Systems		2,497		2,589
Space Systems		2,855		2,521
Intersegment eliminations		(541)		(505)
Total sales		8,797		9,157
Operating income
Aeronautics Systems		307		308
Defense Systems		155		177
Mission Systems		385		397
Space Systems		261		276
Intersegment eliminations		(71)		(63)
Total segment operating income		1,037		1,095
FAS/CAS operating adjustment		(46)		19
Unallocated corporate (expense) income		(94)		1,708
Total operating income		$	897	$	2,822

Revenue by Major Customers by Reporting Segments


Sales by Customer Type	Three Months Ended March 31
		2022			2021
$ in millions			$		%(3)		$		%(3)
Aeronautics Systems
U.S. government(1)			$	2,292	85	%	$	2,541	85	%
International(2)			343		13	%	399		14	%
Other customers			3		—	%	6		—	%
Intersegment sales			65		2	%	44		1	%
Aeronautics Systems sales			2,703		100	%	2,990		100	%
Defense Systems
U.S. government(1)			775		60	%	993		64	%
International(2)			293		23	%	351		22	%
Other customers			16		1	%	33		2	%
Intersegment sales			199		16	%	185		12	%
Defense Systems sales			1,283		100	%	1,562		100	%
Mission Systems
U.S. government(1)			1,794		72	%	1,834		71	%
International(2)			433		17	%	502		19	%
Other customers			24		1	%	16		1	%
Intersegment sales			246		10	%	237		9	%
Mission Systems sales			2,497		100	%	2,589		100	%
Space Systems
U.S. government(1)			2,708		94	%	2,326		92	%
International(2)			72		3	%	105		4	%
Other customers			44		2	%	51		2	%
Intersegment sales			31		1	%	39		2	%
Space Systems sales			2,855		100	%	2,521		100	%
Total
U.S. government(1)			7,569		86	%	7,694		84	%
International(2)			1,141		13	%	1,357		15	%
Other customers			87		1	%	106		1	%
Total Sales			$	8,797	100	%	$	9,157	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.

Revenue from External Customers by Contract Type


Sales by Contract Type	Three Months Ended March 31
		2022			2021
$ in millions			$		%(1)		$		%(1)
Aeronautics Systems
Cost-type			$	1,276	48	%	$	1,411	48	%
Fixed-price			1,362		52	%	1,535		52	%
Intersegment sales			65				44
Aeronautics Systems sales			2,703				2,990
Defense Systems
Cost-type			336		31	%	509		37	%
Fixed-price			748		69	%	868		63	%
Intersegment sales			199				185
Defense Systems sales			1,283				1,562
Mission Systems
Cost-type			835		37	%	865		37	%
Fixed-price			1,416		63	%	1,487		63	%
Intersegment sales			246				237
Mission Systems sales			2,497				2,589
Space Systems
Cost-type			1,983		70	%	1,844		74	%
Fixed-price			841		30	%	638		26	%
Intersegment sales			31				39
Space Systems sales			2,855				2,521
Total
Cost-type			4,430		50	%	4,629		51	%
Fixed-price			4,367		50	%	4,528		49	%
Total Sales			$	8,797			$	9,157

(1)Percentages calculated based on external customer sales.

Revenue from External Customers by Geographic Areas


Sales by Geographic Region	Three Months Ended March 31
		2022	2021
$ in millions			$		%(2)		$		%(2)
Aeronautics Systems
United States			$	2,295	87	%	$	2,547	87	%
Asia/Pacific			190		7	%	279		9	%
Europe			137		5	%	100		3	%
All other(1)			16		1	%	20		1	%
Intersegment sales			65				44
Aeronautics Systems sales			2,703				2,990
Defense Systems
United States			791		73	%	1,026		75	%
Asia/Pacific			105		10	%	103		7	%
Europe			101		9	%	76		6	%
All other(1)			87		8	%	172		12	%
Intersegment sales			199				185
Defense Systems sales			1,283				1,562
Mission Systems
United States			1,818		81	%	1,850		79	%
Asia/Pacific			139		6	%	160		7	%
Europe			225		10	%	269		11	%
All other(1)			69		3	%	73		3	%
Intersegment sales			246				237
Mission Systems sales			2,497				2,589
Space Systems
United States			2,752		98	%	2,376		95	%
Asia/Pacific			29		1	%	16		1	%
Europe			40		1	%	88		4	%
All other(1)			3		—	%	2		—	%
Intersegment sales			31				39
Space Systems sales			2,855				2,521
Total
United States			7,656		87	%	7,799		85	%
Asia/Pacific			463		5	%	558		6	%
Europe			503		6	%	533		6	%
All other(1)			175		2	%	267		3	%
Total Sales			$	8,797			$	9,157

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

(2)Percentages calculated based on external customer sales.