Basis of Presentation (Tables)

3 Months Ended

Mar. 29, 2019

Accounting Policies [Abstract]

Aggregate Impact of Net Changes in Contract Estimates

The aggregate impact of net changes in contract estimates is presented in the table below.

	First Quarter Ended
	March 29, 2019		March 30, 2018
	(in millions, except per share data)
Operating income	$	66	$	50
Diluted earnings per share	$	0.63	$	0.48

Summary of Net Sales by Revenue Recognition Method as Percentage of Total Net Sales

The following table presents a summary of the Company’s net sales by revenue recognition method as a percentage of total net sales for the quarterly periods ended March 29, 2019 and March 30, 2018.

	First Quarter Ended
	March 29, 2019		March 30, 2018
Over time (cost-to-cost method)	76	%	76	%
Point in time	19	%	18	%
Output method	3	%	3	%
Billing method	2	%	3	%
Total	100	%	100	%

Impact of Adoption of New Accounting Pronouncement

The aggregate impact of net changes in contract estimates is presented in the table below.

	First Quarter Ended
	March 29, 2019		March 30, 2018
	(in millions, except per share data)
Operating income	$	66	$	50
Diluted earnings per share	$	0.63	$	0.48