Segment Information

9 Months Ended

Sep. 25, 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 NSS goodwill impairment charge and the loss related to business divestitures (which were 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.

	Third Quarter Ended						Year-to-Date Ended
	September 25, 2015			September 26, 2014			September 25, 2015			September 26, 2014
	(in millions)
Net Sales:
Electronic Systems	$	1,014		$	1,128		$	3,113		$	3,349
Aerospace Systems		1,068			1,037			3,092			3,173
Communication Systems		516			507			1,474			1,562
NSS		267			307			774			948
Elimination of intercompany sales		(48	)		(39	)		(130	)		(116	)
Consolidated total	$	2,817		$	2,940		$	8,323		$	8,916
Operating Income (Loss):
Electronic Systems	$	123		$	125		$	356		$	383
Aerospace Systems		103			64			148			196
Communication Systems		53			49			140			147
NSS		7			19			28			56
Segment total	$	286		$	257		$	672		$	782
Loss related to business divestitures(1)		(9	)		—			(29	)		—
Impairment charge(2)		(491	)		—			(491	)		—
Consolidated total	$	(214	)	$	257		$	152		$	782
Depreciation and amortization:
Electronic Systems	$	26		$	30		$	81		$	89
Aerospace Systems		13			11			37			30
Communication Systems		12			13			37			38
NSS		3			2			9			8
Consolidated total	$	54		$	56		$	164		$	165

⁽¹⁾  See Note 4 for information regarding the Company’s business divestitures.

⁽²⁾  Represents a non-cash goodwill impairment charge recorded in the third quarter of 2015 due to a decline in the estimated fair value of the NSS business. See Note 7 for additional information.

	September 25, 2015		December 31, 2014
	(in millions)
Total Assets:
Electronic Systems	$	6,672	$	6,287
Aerospace Systems		3,103		3,011
Communication Systems		1,990		1,997
NSS		777		1,287
Corporate		494		707
Assets held for sale		—		547
Consolidated total	$	13,036	$	13,836