XML 38 R25.htm IDEA: XBRL DOCUMENT v3.20.2
Revenue (Tables)
9 Months Ended
Sep. 27, 2020
Revenue Recognition [Abstract]  
Schedule of Impact of Adjustments in Contract Estimates The aggregate impact of adjustments in contract estimates increased our revenue, operating earnings and diluted earnings per share as follows:
 
Three Months Ended
Nine Months Ended
 
September 27, 2020
 
September 29, 2019
September 27, 2020
 
September 29, 2019
Revenue
$
126

 
$
95

$
270

 
$
263

Operating earnings
84

 
81

169

 
220

Diluted earnings per share
$
0.23

 
$
0.22

$
0.46

 
$
0.60


Revenue by Major Product Line
Revenue by major products and services was as follows:
 
Three Months Ended
Nine Months Ended
 
September 27, 2020
 
September 29, 2019
September 27, 2020
 
September 29, 2019
Aircraft manufacturing and completions
$
1,546

 
$
1,972

$
4,303

 
$
5,304

Aircraft services
429

 
523

1,337

 
1,567

Total Aerospace
1,975


2,495

5,640

 
6,871

Military vehicles
1,179

 
1,137

3,428

 
3,361

Weapons systems, armament and
    munitions
496

 
474

1,444

 
1,336

Engineering and other services
126

 
129

391

 
338

Total Combat Systems
1,801


1,740

5,263

 
5,035

IT services
2,029

 
2,071

5,901

 
6,398

Total Information Technology
2,029


2,071

5,901

 
6,398

C4ISR solutions
1,221

 
1,220

3,518

 
3,655

Total Mission Systems
1,221


1,220

3,518

 
3,655

Nuclear-powered submarines
1,704

 
1,567

4,972

 
4,482

Surface ships
461

 
402

1,433

 
1,376

Repair and other services
240

 
266

717

 
760

Total Marine Systems
2,405


2,235

7,122

 
6,618

Total revenue
$
9,431


$
9,761

$
27,444

 
$
28,577



Revenue by Contract Type
Revenue by contract type was as follows:
Three Months Ended September 27, 2020
Aerospace
 
Combat Systems
 
Information Technology
 
Mission Systems
 
Marine Systems
 
Total
Revenue
Fixed-price
$
1,821

 
$
1,552

 
$
806

 
$
694

 
$
1,641

 
$
6,514

Cost-reimbursement

 
231

 
846

 
478

 
763

 
2,318

Time-and-materials
154

 
18

 
377

 
49

 
1

 
599

Total revenue
$
1,975


$
1,801


$
2,029


$
1,221


$
2,405


$
9,431

Three Months Ended September 29, 2019
 
 
 
 
 
 
 
 
 
 
 
Fixed-price
$
2,306

 
$
1,501

 
$
824

 
$
719

 
$
1,517

 
$
6,867

Cost-reimbursement

 
230

 
838

 
458

 
716

 
2,242

Time-and-materials
189

 
9

 
409

 
43

 
2

 
652

Total revenue
$
2,495


$
1,740


$
2,071


$
1,220


$
2,235


$
9,761

Nine Months Ended September 27, 2020
Aerospace
 
Combat Systems
 
Information Technology
 
Mission Systems
 
Marine Systems
 
Total
Revenue
Fixed-price
$
5,148

 
$
4,524

 
$
2,317

 
$
1,976

 
$
4,926

 
$
18,891

Cost-reimbursement

 
690

 
2,539

 
1,403

 
2,188

 
6,820

Time-and-materials
492

 
49

 
1,045

 
139

 
8

 
1,733

Total revenue
$
5,640

 
$
5,263

 
$
5,901

 
$
3,518

 
$
7,122

 
$
27,444

Nine Months Ended September 29, 2019
 
 
 
 
 
 
 
 
 
 
 
Fixed-price
$
6,271

 
$
4,344

 
$
2,620

 
$
2,122

 
$
4,508

 
$
19,865

Cost-reimbursement

 
662

 
2,537

 
1,405

 
2,101

 
6,705

Time-and-materials
600

 
29

 
1,241

 
128

 
9

 
2,007

Total revenue
$
6,871

 
$
5,035

 
$
6,398

 
$
3,655

 
$
6,618

 
$
28,577

Revenue by Customer
Revenue by customer was as follows:
Three Months Ended September 27, 2020
Aerospace
 
Combat Systems
 
Information Technology
 
Mission Systems
 
Marine Systems
 
Total
Revenue
U.S. government:
 
 
 
 
 
 
 
 
 
 
 
DoD
$
41

 
$
942

 
$
882

 
$
941

 
$
2,333

 
$
5,139

Non-DoD

 
3

 
1,088

 
112

 
1

 
1,204

Foreign Military Sales (FMS)
23

 
87

 
3

 
5

 
51

 
169

Total U.S. government
64


1,032


1,973


1,058


2,385


6,512

U.S. commercial
1,123

 
76

 
51

 
13

 
17

 
1,280

Non-U.S. government
59

 
678

 
5

 
134

 
2

 
878

Non-U.S. commercial
729

 
15

 

 
16

 
1

 
761

Total revenue
$
1,975


$
1,801


$
2,029


$
1,221


$
2,405


$
9,431

Three Months Ended September 29, 2019
 
 
 
 
 
 
 
 
 
 
 
U.S. government:
 
 
 
 
 
 
 
 
 
 
 
DoD
$
87

 
$
931

 
$
875

 
$
861

 
$
2,157

 
$
4,911

Non-DoD

 
3

 
1,141

 
135

 

 
1,279

FMS
18

 
58

 
3

 
12

 
43

 
134

Total U.S. government
105


992


2,019


1,008


2,200


6,324

U.S. commercial
1,365

 
62

 
52

 
33

 
31

 
1,543

Non-U.S. government
77

 
663

 

 
145

 
3

 
888

Non-U.S. commercial
948

 
23

 

 
34

 
1

 
1,006

Total revenue
$
2,495

 
$
1,740

 
$
2,071

 
$
1,220

 
$
2,235

 
$
9,761

Nine Months Ended September 27, 2020
Aerospace
 
Combat Systems
 
Information Technology
 
Mission Systems
 
Marine Systems
 
Total
Revenue
U.S. government:
 
 
 
 
 
 
 
 
 
 
 
DoD
$
254

 
$
2,760

 
$
2,556

 
$
2,599

 
$
6,882

 
$
15,051

Non-DoD

 
9

 
3,196

 
335

 
3

 
3,543

FMS
93

 
275

 
11

 
23

 
151

 
553

Total U.S. government
347

 
3,044

 
5,763

 
2,957

 
7,036

 
19,147

U.S. commercial
2,935

 
217

 
138

 
73

 
77

 
3,440

Non-U.S. government
133

 
1,959

 

 
403

 
7

 
2,502

Non-U.S. commercial
2,225

 
43

 

 
85

 
2

 
2,355

Total revenue
$
5,640

 
$
5,263

 
$
5,901

 
$
3,518

 
$
7,122

 
$
27,444

Nine Months Ended September 29, 2019
 
 
 
 
 
 
 
 
 
 
 
U.S. government:
 
 
 
 
 
 
 
 
 
 
 
DoD
$
262

 
$
2,634

 
$
2,725

 
$
2,529

 
$
6,375

 
$
14,525

Non-DoD

 
9

 
3,511

 
403

 
1

 
3,924

FMS
47

 
227

 
12

 
33

 
134

 
453

Total U.S. government
309

 
2,870

 
6,248

 
2,965

 
6,510

 
18,902

U.S. commercial
3,820

 
171

 
137

 
107

 
97

 
4,332

Non-U.S. government
284

 
1,951

 
13

 
492

 
7

 
2,747

Non-U.S. commercial
2,458

 
43

 

 
91

 
4

 
2,596

Total revenue
$
6,871

 
$
5,035

 
$
6,398

 
$
3,655

 
$
6,618

 
$
28,577