INFORMATION ON BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 26, 2023

Schedule of Operating Results and Total Assets for Each Business Segment

Sales and operating profit for each of our business segments were as follows (in millions):


	Quarters Ended
		March 26, 2023			March 27, 2022
Net sales
Aeronautics			$	6,269		$	6,401
Missiles and Fire Control			2,388			2,452
Rotary and Mission Systems			3,510			3,552
Space			2,959			2,559
Total net sales			$	15,126		$	14,964
Operating profit
Aeronautics			$	675		$	679
Missiles and Fire Control			377			385
Rotary and Mission Systems			350			406
Space			280			248
Total business segment operating profit			1,682			1,718
Unallocated items
FAS/CAS pension operating adjustment			415			426


Intangible asset amortization expense			(62)			(62)
Other, net			2			(149)
Total unallocated items			355			215
Total consolidated operating profit			$	2,037		$	1,933
Intersegment sales
Aeronautics			$	53		$	60
Missiles and Fire Control			146			156
Rotary and Mission Systems			489			455
Space			86			83
Total intersegment sales			$	774		$	754

Net sales by products and services, contract type, customer, and geographic region were as follows (in millions):


	Quarter Ended March 26, 2023
	Aeronautics		MFC		RMS		Space		Total
Net sales
Products	$	5,156	$	2,089	$	2,792	$	2,489	$	12,526
Services	1,113		299		718		470		2,600
Total net sales	$	6,269	$	2,388	$	3,510	$	2,959	$	15,126
Net sales by contract type
Fixed-price	$	4,312	$	1,618	$	2,208	$	764	$	8,902
Cost-reimbursable	1,957		770		1,302		2,195		6,224
Total net sales	$	6,269	$	2,388	$	3,510	$	2,959	$	15,126
Net sales by customer
U.S. Government	$	4,117	$	1,581	$	2,423	$	2,908	$	11,029
International (a)	2,114		805		1,020		45		3,984
U.S. commercial and other	38		2		67		6		113
Total net sales	$	6,269	$	2,388	$	3,510	$	2,959	$	15,126
Net sales by geographic region
United States	$	4,155	$	1,583	$	2,490	$	2,914	$	11,142
Europe	1,130		211		225		23		1,589
Asia Pacific	675		102		438		22		1,237
Middle East	225		455		186		—		866
Other	84		37		171		—		292
Total net sales	$	6,269	$	2,388	$	3,510	$	2,959	$	15,126


	Quarter Ended March 27, 2022
	Aeronautics		MFC		RMS		Space		Total
Net sales
Products	$	5,417	$	2,173	$	2,788	$	2,116	$	12,494
Services	984		279		764		443		2,470
Total net sales	$	6,401	$	2,452	$	3,552	$	2,559	$	14,964
Net sales by contract type
Fixed-price	$	4,686	$	1,713	$	2,218	$	637	$	9,254
Cost-reimbursable	1,715		739		1,334		1,922		5,710
Total net sales	$	6,401	$	2,452	$	3,552	$	2,559	$	14,964
Net sales by customer
U.S. Government	$	4,213	$	1,595	$	2,511	$	2,516	$	10,835
International (a)	2,150		852		971		34		4,007
U.S. commercial and other	38		5		70		9		122
Total net sales	$	6,401	$	2,452	$	3,552	$	2,559	$	14,964
Net sales by geographic region
United States	$	4,251	$	1,600	$	2,581	$	2,525	$	10,957
Europe	1,023		256		187		24		1,490
Asia Pacific	721		106		432		7		1,266
Middle East	262		465		176		3		906
Other	144		25		176		—		345
Total net sales	$	6,401	$	2,452	$	3,552	$	2,559	$	14,964

(a)International sales include foreign military sales (FMS) contracted through the U.S. Government and direct commercial sales to international governments and other international customers.

Total assets for each of our business segments were as follows (in millions):


	March 26, 2023		December 31, 2022
Assets
Aeronautics	$	13,247	$	12,055
Missiles and Fire Control	5,630		5,788
Rotary and Mission Systems	17,923		17,988
Space	6,471		6,351
Total business segment assets	43,271		42,182
Corporate assets (a)	11,351		10,698
Total assets	$	54,622	$	52,880

(a)Corporate assets primarily include cash and cash equivalents, deferred income taxes, assets for the portion of environmental costs that are probable of future recovery, property, plant and equipment used in our corporate operations, assets held in a trust for deferred compensation plans, and other marketable investments.