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BUSINESS SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Selected Financial Information by Business Segments
Segment revenue, segment operating income and a reconciliation of segment operating income to total income from continuing operations before income taxes are as follows:
Quarter EndedThree Quarters Ended
(In millions)September 30, 2022October 1, 2021September 30, 2022October 1, 2021
Revenue
Integrated Mission Systems$1,710 $1,649 $5,104 $5,192 
Space & Airborne Systems1,502 1,494 4,450 4,464 
Communication Systems1,068 1,030 3,024 3,269 
Other non-reportable businesses— 95 — 661 
Corporate eliminations(34)(39)(94)(122)
Total revenue$4,246 $4,229 12,484 $13,464 
(Loss) Income from Continuing Operations before Income Taxes
Segment Operating (Loss) Income:
Integrated Mission Systems$(225)$232 $247 $608 
Space & Airborne Systems172 187 539 583 
Communication Systems(97)258 370 804 
Other non-reportable businesses— 7 — 100 
(150)684 1,156 2,095 
Unallocated Items:
Unallocated corporate department income (expense), net(1)
20 (1)34 (55)
L3Harris Merger-related transaction, integration and other expenses and losses
(21)(35)(72)(79)
Amortization of acquisition-related intangibles(2)
(151)(155)(454)(475)
Business divestiture-related gains, net— 27 — 192 
Charges for severance and other termination costs(29)— (29)— 
Charge related to an additional pre-merger legal contingency(31)— (31)— 
Impairment of goodwill and other assets— — — (125)
Gain on sale of asset group
— — 8 — 
Acquisition and other divestiture-related expenses(10)(8)(45)(64)
FAS/CAS operating adjustment(3)
22 30 65 90 
(200)(142)(524)(516)
Non-operating income, net99 111 313 314 
Net interest expense(70)(67)(205)(198)
(Loss) income from continuing operations before income taxes$(321)$586 $740 $1,695 
_______________
(1)For the quarter ended September 30, 2022, $11 million of income from greenhouse gas (“GHG”) emission reduction projects and $10 million of income from our deferred compensation plans. For the three quarters ended September 30, 2022, $20 million of income from our deferred compensation plans and $11 million of income from GHG emission reduction projects. For the three quarters ended October 1, 2021, includes a $15 million accrual for a value added tax obligation and $9 million of loss related to our deferred compensation plans.
(2)Includes amortization of identifiable intangible assets acquired as a result of the all-stock merger between Harris Corporation and L3 Technologies, Inc. (the “L3Harris Merger”) and the acquisition of Exelis Inc. (“Exelis”). Because the L3Harris Merger and the acquisition of Exelis benefited the entire Company as opposed to any individual segment, the amortization of identifiable intangible assets acquired was not allocated to any segment.
(3)Represents the difference between the service cost component of FAS pension and OPEB income and total CAS pension and OPEB cost and replaces the “Pension adjustment” line item previously presented, which included the non-service components of FAS pension and OPEB income. See Net FAS/CAS operating adjustment table below.
The table below is a reconciliation of the FAS/CAS operating adjustment:
Quarter EndedThree Quarters Ended
(In millions)September 30, 2022October 1, 2021September 30, 2022October 1, 2021
FAS pension service cost$(11)$(17)$(34)$(54)
Less: CAS pension cost(33)(47)(99)(144)
FAS/CAS operating adjustment22 30 65 90 
Non-service FAS pension income111 104 332 329 
FAS/CAS pension adjustment, net(1)
$133 $134 $397 $419 
_______________
(1)FAS/CAS pension adjustment, net excludes net settlement and curtailment losses recognized in fiscal 2021.
Schedule of Disaggregation of Revenue by Segment
Disaggregation of Revenue
We disaggregate revenue for all three business segments by customer relationship, contract type and geographical region. We believe these categories best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.
Quarter Ended
(In millions)September 30, 2022October 1, 2021
Integrated Mission SystemsSpace & Airborne SystemsCommunication SystemsIntegrated Mission SystemsSpace & Airborne SystemsCommunication Systems
Revenue By Customer Relationship
Prime contractor$1,138 $963 $690 $1,080 $939 $681 
Subcontractor558 533 364 555 551 334 
Intersegment14 6 14 14 4 15 
$1,710 $1,502 $1,068 $1,649 $1,494 $1,030 
Revenue By Contract Type
Fixed-price(1)
$1,270 $914 $899 $1,224 $907 $871 
Cost-reimbursable426 582 155 411 583 144 
Intersegment14 6 14 14 4 15 
$1,710 $1,502 $1,068 $1,649 $1,494 $1,030 
Revenue By Geographical Region
United States$1,295 $1,332 $706 $1,276 $1,326 $719 
International401 164 348 359 164 296 
Intersegment14 6 14 14 4 15 
$1,710 $1,502 $1,068 $1,649 $1,494 $1,030 

Three Quarters Ended
(In millions)September 30, 2022October 1, 2021
Integrated Mission SystemsSpace & Airborne SystemsCommunication SystemsIntegrated Mission SystemsSpace & Airborne SystemsCommunication Systems
Revenue By Customer Relationship
Prime contractor$3,351 $2,835 $2,037 $3,454 $2,736 $2,193 
Subcontractor1,709 1,597 954 1,699 1,720 1,036 
Intersegment44 18 33 39 8 40 
$5,104 $4,450 $3,024 $5,192 $4,464 $3,269 
Revenue By Contract Type
Fixed-price(1)
$3,777 $2,675 $2,530 $3,868 $2,762 $2,765 
Cost-reimbursable1,283 1,757 461 1,285 1,694 464 
Intersegment44 18 33 39 8 40 
$5,104 $4,450 $3,024 $5,192 $4,464 $3,269 
Revenue By Geographical Region
United States$3,763 $3,922 $1,962 $3,833 $3,916 $2,337 
International1,297 510 1,029 1,320 540 892 
Intersegment44 18 33 39 8 40 
$5,104 $4,450 $3,024 $5,192 $4,464 $3,269 
__________
(1)Includes revenue derived from time-and-materials contracts.
Schedule of Total Assets by Segment
Total assets by business segment are as follows:
(In millions)September 30, 2022December 31, 2021
Total Assets
Integrated Mission Systems$11,357 $11,830 
Space & Airborne Systems8,349 8,151 
Communication Systems5,844 6,035 
Other non-reportable businesses— 3 
Corporate(1)
7,831 8,690 
$33,381 $34,709 
_______________
(1)Identifiable intangible assets acquired in connection with the L3Harris Merger in the two quarters ended January 3, 2020 and our acquisition of Exelis in fiscal 2015 were recorded as Corporate assets because they benefited the entire Company as opposed to any individual segment. Identifiable intangible asset balances recorded as Corporate assets were $6.1 billion and $6.6 billion at September 30, 2022 and December 31, 2021, respectively. Corporate assets also consisted of cash, income taxes receivable, deferred income taxes, deferred compensation plan investments, buildings and equipment, as well as any assets of discontinued operations and divestitures.