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Segment Information
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
The Company is organized into three reportable segments: Ingalls, Newport News, and Technical Solutions, consistent with how management makes operating decisions and assesses performance.

In January 2020, the Company realigned its segments to optimize its operating structure. As a result of this realignment, the Company's HII Mechanical business was transferred from the Technical Solutions segment to the Newport News segment to better align HII Mechanical's work primarily supporting Newport News. The Company has reflected the 2020 realignment in prior financial reporting periods on an as-if basis, which has resulted in the transfer of revenue, operating income, assets, and liabilities between the Technical Solutions and Newport News segments. This realignment did not impact the Company's previously reported consolidated financial position, results of operations, or cash flows. See Note 7: Revenue.

The following table presents segment results for the three and six months ended June 30, 2020 and 2019:
 Three Months Ended
June 30		Six Months Ended
June 30
($ in millions)2020201920202019
Sales and Service Revenues
Ingalls$622  $622  $1,251  $1,206  
Newport News1,122  1,279  2,463  2,558  
Technical Solutions320  321  637  561  
Intersegment eliminations(37) (34) (61) (57) 
Sales and service revenues$2,027  $2,188  $4,290  $4,268  
Operating Income
Ingalls$55  $69  $123  $115  
Newport News(69) 71  26  152  
Technical Solutions9  (2) 2  —  
Segment operating income (loss)(5) 138  151  267  
Non-segment factors affecting operating income (loss)
Operating FAS/CAS Adjustment63  37  126  71  
Non-current state income taxes(1) —  (5) (2) 
Operating income $57  $175  $272  $336  

Operating FAS/CAS Adjustment - The Operating FAS/CAS Adjustment represents the difference between the service cost component of our pension and other postretirement expense determined in accordance with GAAP ("FAS") and our pension and other postretirement expense under CAS.
The following table presents the Company's assets by segment:
($ in millions)June 30, 2020December 31, 2019
Assets
Ingalls$1,748  $1,618  
Newport News4,060  3,886  
Technical Solutions1,408  1,022  
Corporate1,017  505  
Total assets$8,233  $7,031