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BUSINESS SEGMENTS (Tables)
 12 Months Ended
Dec. 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:
Fiscal Year Ended
(In millions)December 30, 2022December 31, 2021January 1, 2021
Revenue
Integrated Mission Systems$6,916 $7,042 $6,793 
Space & Airborne Systems6,060 5,965 5,823 
Communication Systems4,217 4,287 4,402 
Other non-reportable businesses— 683 1,347 
Corporate eliminations(131)(163)(171)
Total Revenue$17,062 $17,814 $18,194 
Income from Continuing Operations before Income Taxes
Segment Operating Income:
Integrated Mission Systems$424 $866 $205 
Space & Airborne Systems735 761 762 
Communication Systems667 1,043 1,035 
Other non-reportable businesses— 104 160 
1,826 2,774 2,162 
Unallocated Items:
Unallocated corporate department expense, net(1)
25 (51)(69)
Amortization of acquisition-related intangibles(2)
(605)(627)(709)
L3Harris Merger-related integration expenses(90)(134)(140)
Acquisition-related transaction and integration expenses(9)— — 
Pre-acquisition and other divestiture-related expenses(63)(71)10 
Additional cost of sales related to fair value step-up in inventory sold— — (31)
Business divestiture-related gains (losses), net— 220 (51)
Gain on sale of asset group8 — — 
Impairment of goodwill and other assets(3)
— (125)(132)
Charges for severance and other termination costs(29)— — 
Charges related to an additional pre-merger legal contingency(31)— — 
FAS/CAS operating adjustment(4)
95 123 135 
(699)(665)(987)
Non-operating income, net425 439 401 
Net interest expense(279)(265)(254)
Total income from continuing operations before income taxes$1,273 $2,283 $1,322 
_______________
(1)Includes certain corporate-level expenses that are not included in management’s evaluation of segment operating performance. For fiscal 2022, also includes $29 million of income from our deferred compensation plans and $13 million of income from GHG emission reduction projects.
(2)Includes amortization of identifiable intangible assets acquired in connection with business combinations. Because our acquisitions benefit the entire Company as opposed to any individual segment, the amortization of identifiable intangible assets acquired was not allocated to any segment.
(3)For fiscal 2021, includes: (i) a $62 million non-cash goodwill impairment charge related to our CPS business and (ii) a $63 million non-cash intangible asset impairment charge related to our CTS reporting unit. For fiscal 2020, includes: (i) a $113 million non-cash intangible asset impairment charge related to our Commercial Aviation Solutions reporting unit and (ii) a $14 million non-cash goodwill impairment charge related to the then-potential divestiture of VSE disposal group, as well as a $5 million non-cash goodwill impairment charge related to the divestiture of the Applied Kilovolts business. See Note 9: Goodwill and Note 10: Intangible Assets in these Notes for additional information.
(4)Represents the difference between the service cost component of FAS pension and OPEB income and total CAS pension and OPEB cost and replaces the “Pension adjustment” line item previously presented, which included the non-service components of FAS pension and OPEB income. See Net FAS/CAS operating adjustment table below.
The table below is a reconciliation of the FAS/CAS operating adjustment:
Fiscal Year Ended
(In millions)December 30, 2022December 31, 2021January 1, 2021
FAS pension service cost$(46)$(68)$(67)
Less: CAS pension cost(141)(191)(202)
FAS/CAS operating adjustment95 123 135 
Non-service FAS pension income441 445 388 
FAS/CAS pension adjustment, net(1)
$536 $568 $523 
_______________
(1)FAS/CAS pension adjustment, net excludes net settlement and curtailment losses recognized in fiscal 2021. See Note 14: Pension and Other Postretirement Benefits in these Notes for additional information on net settlements and curtailments and see Note 1: Significant Accounting Policies in these Notes for additional information regarding our FAS/CAS pension adjustment accounting policy.
Other selected financial information by business segment and geographical area is summarized below:
Fiscal Year Ended
(In millions)December 30, 2022December 31, 2021January 1, 2021
Capital Expenditures
Integrated Mission Systems$61 $93 $108 
Space & Airborne Systems117 131 122 
Communication Systems36 56 58 
Other non-reportable businesses— 4 16 
Corporate38 58 64 
$252 $342 $368 
Depreciation and Amortization
Integrated Mission Systems$83 $98 $105 
Space & Airborne Systems105 103 100 
Communication Systems47 49 61 
Other non-reportable businesses— 8 34 
Corporate703 709 732 
$938 $967 $1,032 
Geographical Information for Continuing Operations
Long-lived assets of U.S. operations$1,896 $1,870 $1,949 
Long-lived assets of international operations208 231 153 
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.
Fiscal Year Ended
December 30, 2022December 31, 2021January 1, 2021
(In millions)IMSSASCSIMSSASCSIMSSASCS
Revenue By Customer Relationship
Prime contractor$4,488 $3,818 $2,829 $4,738 $3,679 $2,886 $4,470 $3,425 $3,054 
Subcontractor2,367 2,217 1,343 2,243 2,274 1,347 2,273 2,380 1,304 
Intersegment61 25 45 61 12 54 50 18 44 
$6,916 $6,060 $4,217 $7,042 $5,965 $4,287 $6,793 $5,823 $4,402 
Revenue By Contract Type
Fixed-price(1)
$5,161 $3,710 $3,552 $5,316 $3,697 $3,631 $5,035 $3,612 $3,736 
Cost-reimbursable1,694 2,325 620 1,665 2,256 602 1,708 2,193 622 
Intersegment61 25 45 61 12 54 50 18 44 
$6,916 $6,060 $4,217 $7,042 $5,965 $4,287 $6,793 $5,823 $4,402 
Revenue By Geographical Region
United States$5,096 $5,323 $2,735 $5,102 $5,250 $3,001 $5,347 $5,022 $3,138 
International1,759 712 1,437 $1,879 703 1,232 1,396 783 1,220 
Intersegment61 25 45 $61 12 54 50 18 44 
$6,916 $6,060 $4,217 $7,042 $5,965 $4,287 $6,793 $5,823 $4,402 
_______________
(1)Includes revenue derived from time-and-materials contracts.
Fiscal Year Ended
(In millions)December 30, 2022December 31, 2021January 1, 2021
Geographical Information for Continuing Operations
Revenue from U.S. operations$15,373 $16,234 $16,998 
Revenue from international operations1,689 1,580 1,196 
Schedule of Total Assets by Segment
Total assets by business segment are as follows:
(In millions)December 30, 2022December 31, 2021
Total Assets
Integrated Mission Systems$11,283 $11,830 
Space & Airborne Systems8,475 8,151 
Communication Systems5,800 6,035 
Other non-reportable businesses— 3 
Corporate(1)
7,966 8,690 
$33,524 $34,709 
_______________
(1)Identifiable intangible assets acquired in connection with business combinations 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 $6.0 billion and $6.6 billion at December 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 businesses held for sale.