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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Sales and operating income by segment
The following table presents sales, operating costs and expenses, and operating income by segment:
 Year Ended December 31
$ in millions202420232022
Aeronautics Systems
Sales$12,030 $10,786 $10,531 
Operating costs and expenses:
Product8,248 8,942 7,161 
Service2,382 2,099 2,042 
Intersegment218 218 212 
Aeronautics Systems operating income (loss)1,182 (473)1,116 
Defense Systems
Sales8,560 8,289 7,629 
Operating costs and expenses:
Product5,304 4,819 4,163 
Service1,641 1,959 1,985 
Intersegment749 682 700 
Defense Systems operating income866 829 781 
Mission Systems
Sales11,399 10,895 10,396 
Operating costs and expenses:
Product7,000 6,669 6,291 
Service1,805 1,730 1,639 
Intersegment996 887 848 
Mission Systems operating income1,598 1,609 1,618 
Space Systems
Sales11,731 11,873 10,570 
Operating costs and expenses:
Product8,711 8,844 7,664 
Service1,398 1,468 1,404 
Intersegment368 431 424 
Space Systems operating income1,254 1,130 1,078 
Intersegment profit eliminations
(356)(335)(340)
Total segment operating income4,544 2,760 4,253 
FAS/CAS operating adjustment40 (82)(200)
Unallocated corporate expense(214)(141)(452)
Total operating income$4,370 $2,537 $3,601 
Other (expense) income
Interest expense(621)(545)(506)
Non-operating FAS pension benefit656 530 1,505 
Mark-to-market pension and OPB benefit (expense)443 (422)1,232 
Other, net168 246 
Earnings before income taxes$5,016 $2,346 $5,836 
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]
Sales by Customer TypeYear Ended December 31
202420232022
$ in millions$
%(3)
$
%(3)
$
%(3)
Aeronautics Systems
U.S. government(1)
$10,087 86 %$9,132 87 %$8,930 87 %
International(2)
1,678 14 %1,379 13 %1,344 13 %
Other customers22  %35 — %18 — %
Intersegment sales243 240 239 
Aeronautics Systems sales12,030 100 %10,786 100 %10,531 100 %
Defense Systems
U.S. government(1)
6,333 82 %5,946 79 %5,406 79 %
International(2)
1,301 17 %1,491 20 %1,358 20 %
Other customers71 1 %76 %71 %
Intersegment sales855 776 794 
Defense Systems sales8,560 100 %8,289 100 %7,629 100 %
Mission Systems
U.S. government(1)
8,322 81 %7,999 81 %7,471 80 %
International(2)
1,809 18 %1,757 18 %1,809 19 %
Other customers91 1 %85 %101 %
Intersegment sales1,177 1,054 1,015 
Mission Systems sales11,399 100 %10,895 100 %10,396 100 %
Space Systems
U.S. government(1)
10,694 94 %10,805 95 %9,516 95 %
International(2)
212 2 %278 %337 %
Other customers413 4 %307 %241 %
Intersegment sales412 483 476 
Space Systems sales11,731 100 %11,873 100 %10,570 100 %
Total
U.S. government(1)
35,436 87 %33,882 86 %31,323 86 %
International(2)
5,000 12 %4,905 13 %4,848 13 %
Other customers597 1 %503 %431 %
Total Sales$41,033 100 %$39,290 100 %$36,602 100 %
(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 a substantial percentage of its 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 external customer sales.
Schedule of Segment Reporting Information, by Segment
Sales by Contract TypeYear Ended December 31
202420232022
$ in millions$
%(1)
$
%(1)
$
%(1)
Aeronautics Systems      
Cost-type$5,373 46 %$5,235 50 %$5,013 49 %
Fixed-price6,414 54 %5,311 50 %5,279 51 %
Intersegment sales243 240 239 
Aeronautics Systems sales12,030 10,786 10,531 
Defense Systems
Cost-type4,002 52 %3,991 53 %3,516 51 %
Fixed-price3,703 48 %3,522 47 %3,319 49 %
Intersegment sales855 776 794 
Defense Systems sales8,560 8,289 7,629 
Mission Systems
Cost-type4,589 45 %4,116 42 %3,622 39 %
Fixed-price5,633 55 %5,725 58 %5,759 61 %
Intersegment sales1,177 1,054 1,015 
Mission Systems sales11,399 10,895 10,396 
Space Systems
Cost-type7,000 62 %7,637 67 %6,560 65 %
Fixed-price4,319 38 %3,753 33 %3,534 35 %
Intersegment sales412 483 476 
Space Systems sales11,731 11,873 10,570 
Total
Cost-type20,964 51 %20,979 53 %18,711 51 %
Fixed-price20,069 49 %18,311 47 %17,891 49 %
Total Sales$41,033 $39,290 $36,602 
(1)Percentages calculated based on external customer sales.
Revenue from External Customers by Geographic Areas [Table Text Block]
Sales by Geographic RegionYear Ended December 31
202420232022
$ in millions$
%(3)
$
%(3)
$
%(3)
Aeronautics Systems      
United States(1)
$10,109 86 %$9,167 87 %$8,948 87 %
Asia/Pacific694 6 %607 %708 %
Europe947 8 %736 %585 %
Other geographic regions(2)
37  %36 — %51 — %
Intersegment sales243 240 239 
Aeronautics Systems sales12,030 10,786 10,531 
Defense Systems
United States(1)
6,404 83 %6,022 80 %5,477 80 %
Asia/Pacific344 4 %419 %454 %
Europe766 10 %601 %477 %
Other geographic regions(2)
191 3 %471 %427 %
Intersegment sales855 776 794 
Defense Systems sales8,560 8,289 7,629 
Mission Systems
United States(1)
8,413 82 %8,084 82 %7,572 81 %
Asia/Pacific472 5 %460 %531 %
Europe990 10 %959 10 %977 10 %
Other geographic regions(2)
347 3 %338 %301 %
Intersegment sales1,177 1,054 1,015 
Mission Systems sales11,399 10,895 10,396 
Space Systems
United States(1)
11,107 98 %11,112 98 %9,757 97 %
Asia/Pacific42 1 %82 %109 %
Europe134 1 %159 %213 %
Other geographic regions(2)
36  %37 — %15 — %
Intersegment sales412 483 476 
Space Systems sales11,731 11,873 10,570 
Total
United States(1)
36,033 88 %34,385 88 %31,754 87 %
Asia/Pacific1,552 4 %1,568 %1,802 %
Europe2,837 7 %2,455 %2,252 %
Other geographic regions(2)
611 1 %882 %794 %
Total Sales$41,033 $39,290 $36,602 
(1)No country other than the United States represents greater than 10% of total company sales.
(2)Other geographic regions are principally comprised of the Middle East.
(3)Percentages calculated based on external customer sales.
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]
The following table presents sales for each of our reportable segments and total intersegment eliminations:
Year Ended December 31
$ in millions202420232022
Sales
Aeronautics Systems$12,030 $10,786 $10,531 
Defense Systems8,560 8,289 7,629 
Mission Systems11,399 10,895 10,396 
Space Systems11,731 11,873 10,570 
Intersegment eliminations(2,687)(2,553)(2,524)
Total sales$41,033 $39,290 $36,602 
Intersegment sales and operating income
The following table presents intersegment sales and operating income:
 Year Ended December 31
$ in millions202420232022
 SalesOperating
Income
SalesOperating
Income
SalesOperating
Income
Intersegment sales and operating income
Aeronautics Systems$243 $25 $240 $22 $239 $27 
Defense Systems855 106 776 94 794 94 
Mission Systems1,177 181 1,054 167 1,015 167 
Space Systems412 44 483 52 476 52 
Total$2,687 $356 $2,553 $335 $2,524 $340 
Additional information by segment
The following table presents capital expenditures and depreciation and amortization for each of our reportable segments and for Corporate:
Year Ended December 31
$ in millions202420232022202420232022
 Capital Expenditures
Depreciation and Amortization
Aeronautics Systems$596 $504 $490 $380 $384 $322 
Defense Systems139 164 166 180 184 174 
Mission Systems314 288 248 255 246 242 
Space Systems652 745 473 362 370 323 
Corporate(1)
66 74 58 193 154 281 
Total$1,767 $1,775 $1,435 $1,370 $1,338 $1,342 
(1)Corporate amounts include the amortization of purchased intangible assets and the additional depreciation expense related to the step-up in fair value of PP&E acquired through business combinations as they are not considered part of management’s evaluation of segment operating performance.
Assets
Our CODM does not use assets by segment to evaluate segment performance or allocate resources. Therefore, we do not disclose assets by segment.