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BUSINESS SEGMENTS (Tables)
 12 Months Ended
Dec. 29, 2023
Segment Reporting [Abstract]  
Schedule of Selected Financial Information by Business Segments
The following table presents revenue and operating income by segment:
Fiscal Year Ended
(In millions)December 29, 2023December 30, 2022December 31, 2021
Revenue
SAS$6,856 $6,384 $6,315 
IMS6,630 6,626 6,733 
CS5,070 4,217 4,287 
AR1,052  ** **
Other non-reportable businesses— — 683 
Corporate eliminations(189)(165)(204)
Total revenue$19,419 $17,062 $17,814 
Operating Income
SAS
$756 $665 $782 
IMS
459 494 845 
CS1,229 667 1,043 
AR122  ** **
Other non-reportable businesses— — 104 
Total segment 2,566 1,826 2,774 
Total unallocated corporate expense(1,140)(699)(665)
Total operating income$1,426 $1,127 $2,109 
_______________
**AR is a new reportable segment established in the quarter ended September 29, 2023 which consists of the operations assumed in the AJRD acquisition. As such, there is no comparable prior year information.
The table below is a reconciliation of the FAS/CAS operating adjustment:
Fiscal Year Ended
(In millions)December 29, 2023December 30, 2022December 31, 2021
FAS pension service cost$(35)$(46)$(68)
Less: CAS pension cost(145)(141)(191)
FAS/CAS operating adjustment110 95 123 
Non-service FAS pension income(1)
310 441 445 
FAS/CAS pension adjustment, net(2)
$420 $536 $568 
_______________
(1)Non-service FAS pension income is included as component of the “Non-service FAS pension income and other, net” line item in our Consolidated Statement of Operations.
(2)FAS/CAS pension adjustment, net excludes net settlement and curtailment losses recognized in fiscal 2021. See Note 9: Retirement Benefits in these Notes for additional information on net settlements and curtailments.
Other selected financial information by business segment and geographical area is summarized below:
Fiscal Year Ended
(In millions)December 29, 2023December 30, 2022December 31, 2021
Capital Expenditures
SAS$151 $133 $155 
IMS149 45 69 
CS39 36 56 
AR31 ****
Other non-reportable businesses— — 4 
Corporate79 38 58 
Total Capital Expenditures$449 $252 $342 
Depreciation and Amortization
SAS$115 $112 $109 
IMS73 76 92 
CS54 47 49 
AR29 ****
Other non-reportable businesses— — 8 
Corporate895 703 709 
Total Depreciation and Amortization$1,166 $938 $967 
Geographical Information for Operations
Long-lived assets of U.S. operations$2,678 $1,896 $1,870 
Long-lived assets of international operations184 208 231 
_______________
**AR is a new reportable segment established in the quarter ended September 29, 2023 which consists of the operations assumed in the AJRD acquisition. As such, there is no comparable prior year information.
Schedule of Disaggregation of Revenue by Segment
Disaggregation of Revenue
We disaggregate revenue for all four 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 29, 2023
(In millions)SASIMSCSAR
Revenue By Customer Relationship
Prime contractor$4,252 $4,196 $3,420 $250 
Subcontractor2,555 2,347 1,597 802 
Intersegment49 87 53 — 
Total segment$6,856 $6,630 $5,070 $1,052 
Revenue By Contract Type
Fixed-price(1)
$4,257 $5,020 $4,289 $632 
Cost-reimbursable2,550 1,523 728 420 
Intersegment49 87 53 — 
Total segment$6,856 $6,630 $5,070 $1,052 
Revenue By Geographical Region
United States$5,933 $4,816 $3,482 $1,015 
International874 1,727 1,535 37 
Intersegment49 87 53 — 
Total segment$6,856 $6,630 $5,070 $1,052 
_______________
(1)Includes revenue derived from time-and-materials contracts.
Fiscal Year Ended
December 30, 2022
(In millions)SASIMSCSAR
Revenue By Customer Relationship
Prime contractor$4,005 $4,301 $2,829 **
Subcontractor2,330 2,254 1,343 **
Intersegment49 71 45 **
Total segment$6,384 $6,626 $4,217 $— 
Revenue By Contract Type
Fixed-price(1)
$3,811 $5,060 $3,552 **
Cost-reimbursable2,524 1,495 620 **
Intersegment49 71 45 **
Total segment$6,384 $6,626 $4,217 $— 
Revenue By Geographical Region
United States$5,623 $4,796 $2,735 **
International712 1,759 1,437 **
Intersegment49 71 45 **
Total segment$6,384 $6,626 $4,217 $— 
_______________
**AR is a new reportable segment established in the quarter ended September 29, 2023 which consists of the operations assumed in the AJRD acquisition. As such, there is no comparable prior year information.
(1)Includes revenue derived from time-and-materials contracts.
Fiscal Year Ended
December 31, 2021
(In millions)SASIMSCSAR
Revenue By Customer Relationship
Prime contractor$3,942 $4,474 $2,886 **
Subcontractor2,331 2,187 1,347 **
Intersegment42 72 54 **
Total segment$6,315 $6,733 $4,287 $— 
Revenue By Contract Type
Fixed-price(1)
$3,781 $5,231 $3,631 **
Cost-reimbursable2,492 1,430 602 **
Intersegment42 72 54 **
Total segment$6,315 $6,733 $4,287 $— 
Revenue By Geographical Region
United States$5,569 $4,782 $3,001 **
International704 1,879 1,232 **
Intersegment42 72 54 **
Total segment$6,315 $6,733 $4,287 $— 
_______________
**AR is a new reportable segment established in the quarter ended September 29, 2023 which consists of the operations assumed in the AJRD acquisition. As such, there is no comparable prior year information.
(1)Includes revenue derived from time-and-materials contracts.
Fiscal Year Ended
(In millions)December 29, 2023December 30, 2022December 31, 2021
Geographical Information for Operations
Revenue from U.S. operations$17,537 $15,373 $16,234 
Revenue from international operations1,882 1,689 1,580 
Schedule of Total Assets by Segment
Total assets by business segment are as follows:
(In millions)December 29, 2023December 30, 2022
Total Assets
SAS$9,085 $8,838 
IMS10,631 10,925 
CS7,084 5,800 
AR4,208  **
Corporate(1)
10,679 7,961 
Total Assets$41,687 $33,524 
_______________
**AR is a new reportable segment established in the quarter ended September 29, 2023 which consists of assets, liabilities and operations assumed in the AJRD acquisition. As such, there is no comparable prior year information.
(1)Identifiable intangible assets acquired in connection with business combinations were recorded as corporate assets because they benefited the entire Company. Identifiable intangible asset balances recorded as corporate assets were $8.5 billion and $6.0 billion at December 29, 2023 and December 30, 2022, respectively. Corporate assets also consisted of cash, income taxes receivable, deferred income taxes, deferred compensation plan investments, buildings and equipment, real estate held for development and leasing that we acquired with AJRD, as well as any assets of businesses held for sale.