INFORMATION ON BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Operating Results and Total Assets for Each Business Segment

Summary operating results for each of our business segments were as follows (in millions):


	Quarters Ended
		March 31, 2024			March 26, 2023
Net sales
Aeronautics			$	6,845		$	6,269
Missiles and Fire Control			2,993			2,388
Rotary and Mission Systems			4,088			3,510
Space			3,269			2,959
Total net sales			$	17,195		$	15,126
Operating profit
Aeronautics			$	679		$	675
Missiles and Fire Control			311			377
Rotary and Mission Systems			430			350
Space			325			280
Total business segment operating profit			1,745			1,682
Unallocated items
FAS/CAS pension operating adjustment			406			415

Intangible asset amortization expense			(61)			(62)
Other, net			(61)			2
Total unallocated items			284			355
Total consolidated operating profit			$	2,029		$	2,037
Intersegment sales
Aeronautics			$	70		$	53
Missiles and Fire Control			202			146
Rotary and Mission Systems			586			489
Space			107			86
Total intersegment sales			$	965		$	774

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


	Quarters Ended March 31, 2024
	Aeronautics		MFC		RMS		Space		Total
Net sales
Products	$	5,592	$	2,664	$	3,241	$	2,699	$	14,196
Services	1,253		329		847		570		2,999
Total net sales	$	6,845	$	2,993	$	4,088	$	3,269	$	17,195
Net sales by contract type
Fixed-price	$	4,584	$	1,996	$	2,477	$	900	$	9,957
Cost-reimbursable	2,261		997		1,611		2,369		7,238
Total net sales	$	6,845	$	2,993	$	4,088	$	3,269	$	17,195
Net sales by customer
U.S. Government	$	4,666	$	2,167	$	2,840	$	3,162	$	12,835
International (a)	2,152		824		1,162		68		4,206
U.S. commercial and other	27		2		86		39		154
Total net sales	$	6,845	$	2,993	$	4,088	$	3,269	$	17,195
Net sales by geographic region
United States	$	4,693	$	2,169	$	2,926	$	3,201	$	12,989
Europe	1,211		245		269		18		1,743
Asia Pacific	636		187		540		46		1,409
Middle East	203		370		162		4		739
Other	102		22		191		—		315
Total net sales	$	6,845	$	2,993	$	4,088	$	3,269	$	17,195


	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

(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 31, 2024		December 31, 2023
Assets
Aeronautics	$	13,695	$	13,167
Missiles and Fire Control	5,786		5,703
Rotary and Mission Systems	17,454		17,521
Space	6,862		6,560
Total business segment assets	43,797		42,951
Corporate assets (a)	11,166		9,505
Total assets	$	54,963	$	52,456

(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 investments in early-stage companies.