Changes in Contract Estimates at Completion (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of Change in Accounting Estimate

Net EAC adjustments had the following impact on our operating results:

	Quarter Ended June 30,				Six Months Ended June 30,
(dollars in millions, except per share amounts)	2022		2021		2022		2021
Total Net Sales	$	(19)	$	73	$	78	$	125
Operating profit	(41)		27		(5)		39
Income from continuing operations attributable to common shareowners(1)	(32)		22		(4)		31
Diluted earnings per share from continuing operations attributable to common shareholders (1)	$	(0.02)	$	0.01	$	—	$	0.02

(1)     Amounts reflect a U.S. statutory tax rate of 21%, which approximates our tax rate on our EAC adjustments.