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Segment Information (Unaudited) (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Sales and operating income by segment
The following table presents sales and operating income by segment:
Three Months Ended June 30Six Months Ended June 30
$ in millions2024202320242023
Sales
Aeronautics Systems$2,963 $2,595 $5,932 $5,110 
Defense Systems1,513 1,420 2,925 2,796 
Mission Systems2,773 2,641 5,432 5,204 
Space Systems3,573 3,488 7,228 6,838 
Intersegment eliminations(604)(568)(1,166)(1,071)
Total sales10,218 9,576 20,351 18,877 
Operating income
Aeronautics Systems295 278 592 515 
Defense Systems204 166 381 326 
Mission Systems361 401 739 761 
Space Systems324 283 656 596 
Intersegment eliminations(83)(76)(163)(144)
Total segment operating income1,101 1,052 2,205 2,054 
FAS/CAS operating adjustment6 (21)12 (42)
Unallocated corporate expense(17)(64)(56)(98)
Total operating income$1,090 $967 $2,161 $1,914 
Other (expense) income
Interest expense(154)(147)(300)(276)
Non-operating FAS pension benefit167 133 335 265 
Other, net43 34 81 82 
Earnings before income taxes$1,146 $987 $2,277 $1,985 
Revenue by Major Customers by Reporting Segments
Sales by Customer TypeThree Months Ended June 30Six Months Ended June 30
2024202320242023
$ in millions$
%(3)
$
%(3)
$
%(3)
$
%(3)
Aeronautics Systems
U.S. government(1)
$2,536 86 %$2,215 86 %$5,061 85 %$4,323 85 %
International(2)
363 12 %308 12 %744 13 %639 12 %
Other customers5 — %8 — %9 — %19 — %
Intersegment sales59 2 %64 2 %118 2 %129 3 %
Aeronautics Systems sales2,963 100 %2,595 100 %5,932 100 %5,110 100 %
Defense Systems
U.S. government(1)
932 62 %848 60 %1,862 64 %1,651 59 %
International(2)
339 22 %357 25 %601 21 %745 27 %
Other customers19 1 %20 1 %40 1 %36 1 %
Intersegment sales223 15 %195 14 %422 14 %364 13 %
Defense Systems sales1,513 100 %1,420 100 %2,925 100 %2,796 100 %
Mission Systems
U.S. government(1)
2,028 73 %1,877 71 %3,940 72 %3,812 73 %
International(2)
427 15 %454 17 %881 16 %830 16 %
Other customers21 1 %27 1 %37 1 %42 1 %
Intersegment sales297 11 %283 11 %574 11 %520 10 %
Mission Systems sales2,773 100 %2,641 100 %5,432 100 %5,204 100 %
Space Systems
U.S. government(1)
3,392 95 %3,314 95 %6,869 95 %6,480 95 %
International(2)
56 2 %83 2 %121 2 %154 2 %
Other customers100 2 %65 2 %186 2 %146 2 %
Intersegment sales25 1 %26 1 %52 1 %58 1 %
Space Systems sales3,573 100 %3,488 100 %7,228 100 %6,838 100 %
Total
U.S. government(1)
8,888 87 %8,254 86 %17,732 87 %16,266 86 %
International(2)
1,185 12 %1,202 13 %2,347 12 %2,368 13 %
Other customers145 1 %120 1 %272 1 %243 1 %
Total Sales$10,218 100 %$9,576 100 %$20,351 100 %$18,877 100 %
(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 TypeThree Months Ended June 30Six Months Ended June 30
2024 20232024 2023
$ in millions$
%(1)
$
%(1)
$
%(1)
$
%(1)
Aeronautics Systems
Cost-type$1,381 48 %$1,319 52 %$2,694 46 %$2,550 51 %
Fixed-price1,523 52 %1,212 48 %3,120 54 %2,431 49 %
Intersegment sales59 64 118 129 
Aeronautics Systems sales2,963 2,595 5,932 5,110 
Defense Systems
Cost-type353 27 %404 33 %713 28 %827 34 %
Fixed-price937 73 %821 67 %1,790 72 %1,605 66 %
Intersegment sales223 195 422 364 
Defense Systems sales1,513 1,420 2,925 2,796 
Mission Systems
Cost-type1,107 45 %957 41 %2,174 45 %1,918 41 %
Fixed-price1,369 55 %1,401 59 %2,684 55 %2,766 59 %
Intersegment sales297 283 574 520 
Mission Systems sales2,773 2,641 5,432 5,204 
Space Systems
Cost-type2,452 69 %2,572 74 %4,909 68 %5,018 74 %
Fixed-price1,096 31 %890 26 %2,267 32 %1,762 26 %
Intersegment sales25 26 52 58 
Space Systems sales3,573 3,488 7,228 6,838 
Total
Cost-type5,293 52 %5,252 55 %10,490 52 %10,313 55 %
Fixed-price4,925 48 %4,324 45 %9,861 48 %8,564 45 %
Total Sales$10,218 $9,576 $20,351 $18,877 
(1)Percentages calculated based on external customer sales.
Revenue from External Customers by Geographic Areas
Sales by Geographic RegionThree Months Ended June 30Six Months Ended June 30
2024202320242023
$ in millions$
%(2)
$
%(2)
$
%(2)
$
%(2)
Aeronautics Systems        
United States$2,541 88 %$2,223 88 %$5,070 87 %$4,342 87 %
Asia/Pacific151 5 %138 5 %300 5 %285 6 %
Europe204 7 %165 7 %429 8 %339 7 %
All other(1)
8 — %5 — %15 — %15 — %
Intersegment sales59 64 118 129 
Aeronautics Systems sales2,963 2,595 5,932 5,110 
Defense Systems
United States951 74 %868 71 %1,902 76 %1,687 70 %
Asia/Pacific93 7 %114 9 %164 7 %231 9 %
Europe203 16 %132 11 %357 14 %260 11 %
All other(1)
43 3 %111 9 %80 3 %254 10 %
Intersegment sales223 195 422 364 
Defense Systems sales1,513 1,420 2,925 2,796 
Mission Systems
United States2,049 83 %1,904 81 %3,977 82 %3,854 82 %
Asia/Pacific122 5 %120 5 %248 5 %212 5 %
Europe226 9 %266 11 %481 10 %466 10 %
All other(1)
79 3 %68 3 %152 3 %152 3 %
Intersegment sales297 283 574 520 
Mission Systems sales2,773 2,641 5,432 5,204 
Space Systems
United States3,492 98 %3,379 97 %7,055 98 %6,626 98 %
Asia/Pacific11 1 %25 1 %24 1 %45 1 %
Europe34 1 %38 1 %76 1 %83 1 %
All other(1)
11 — %20 1 %21 — %26 — %
Intersegment sales25 26 52 58 
Space Systems sales3,573 3,488 7,228 6,838 
Total
United States9,033 88 %8,374 88 %18,004 88 %16,509 88 %
Asia/Pacific377 4 %397 4 %736 4 %773 4 %
Europe667 7 %601 6 %1,343 7 %1,148 6 %
All other(1)
141 1 %204 2 %268 1 %447 2 %
Total Sales$10,218 $9,576 $20,351 $18,877 
(1)All other is principally comprised of the Middle East.
(2)Percentages calculated based on external customer sales.