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Segment Information
 3 Months Ended
Mar. 27, 2015
Segment Reporting [Abstract]  
Segment Information

21.  Segment Information

The Company has four reportable segments, which are described in Note 1. The Company evaluates the performance of its reportable segments based on their sales and operating income. All corporate expenses are allocated to the Company’s operating segments using an allocation methodology prescribed by U.S. Government regulations for government contractors. Accordingly, all costs and expenses, except for the loss related to the MSI business divestiture (which was not included in the Company’s segment performance measures), are included in the Company’s measure of segment profitability.

The tables below present net sales, operating income, depreciation and amortization and total assets by reportable segment.

 

     First Quarter Ended  
     March 27,
2015		     March 28,
2014		  
     (in millions)  

Net Sales:

     

Electronic Systems

    $ 1,038      $ 1,098   

Aerospace Systems

      1,027        1,074   

Communication Systems

      444        517   

NSS

      245        305   

Elimination of intercompany sales

      (41 )      (37 ) 
  

 

 

    

 

 

  

Consolidated total

 $ 2,713    $ 2,957   
  

 

 

    

 

 

  

Operating Income:

Electronic Systems

 $ 114    $ 125   

Aerospace Systems

   62      93   

Communication Systems

   35      50   

NSS

   11      18   
  

 

 

    

 

 

  

Segment total

   222      286   

Loss related to business divestiture(1)

   (22 )    —     
  

 

 

    

 

 

  

Consolidated total

 $ 200    $ 286   
  

 

 

    

 

 

  

Depreciation and amortization:

Electronic Systems

 $ 28    $ 29   

Aerospace Systems

   12      10   

Communication Systems

   12      12   

NSS

   3      3   
  

 

 

    

 

 

  

Consolidated total

 $ 55    $ 54   
  

 

 

    

 

 

  

 

(1) 

The loss related to business divestiture includes a $17 million non-cash impairment charge related to the MSI assets classified as held for sale and a $5 million unrealized loss on a forward contract to sell the estimated Euro proceeds to be obtained from the divestiture of MSI for U.S. dollars.

 

     March 27,
2015		      December 31
2014		  
     (in millions)  

Total Assets:

      

Electronic Systems

    $ 6,335       $ 6,287   

Aerospace Systems

      3,057         3,011   

Communication Systems

      2,064         1,997   

NSS

      1,315         1,287   

Corporate

      515         707   

Assets held for sale

      496         547   
  

 

 

     

 

 

  

Consolidated total

 $ 13,782    $ 13,836