Acquisitions, Divestitures, Goodwill and Intangible Assets (Tables)

6 Months Ended

Jul. 01, 2022

Business Combinations [Abstract]

Schedule of carrying amount of goodwill by reportable segment

The following table presents changes in the carrying amount of goodwill by reportable segment:

	Defense Solutions		Civil		Health		Total
	(in millions)
Goodwill at January 1, 2021	$	3,300	$	2,047	$	966	$	6,313
Acquisitions of businesses	425		5		—		430
Divestiture of a business	(1)		—		—		(1)
Goodwill re-allocation	(17)		17		—		—
Foreign currency translation adjustments	(26)		28		—		2
Goodwill at December 31, 2021	$	3,681	$	2,097	$	966	$	6,744
Divestiture of a business	(6)		—		—		(6)
Foreign currency translation adjustments	(32)		(33)		—		(65)
Goodwill at July 1, 2022	$	3,643	$	2,064	$	966	$	6,673

Schedule of intangible assets

Intangible assets, net consisted of the following:

	July 1, 2022						December 31, 2021
	Gross carrying value		Accumulated amortization		Net carrying value		Gross carrying value		Accumulated amortization		Net carrying value
	(in millions)
Finite-lived intangible assets:
Programs	$	1,693	$	(913)	$	780	$	1,722	$	(830)	$	892
Software and technology	218		(125)		93		230		(121)		109
Customer relationships	88		(19)		69		97		(18)		79
Backlog	6		(6)		—		38		(37)		1
Trade names	1		(1)		—		1		(1)		—
Total finite-lived intangible assets	2,006		(1,064)		942		2,088		(1,007)		1,081
Indefinite-lived intangible assets:
In-process research and development ("IPR&D") (1)	92		—		92		92		—		92
Trade names	4		—		4		4		—		4
Total indefinite-lived intangible assets	96		—		96		96		—		96
Total intangible assets	$	2,102	$	(1,064)	$	1,038	$	2,184	$	(1,007)	$	1,177

(1) IPR&D assets are indefinite-lived at the acquisition date until placed into service, at which time such assets will be reclassified to a finite-lived amortizable intangible asset.

Schedule of estimated annual amortization expense

The estimated annual amortization expense as of July 1, 2022, was as follows:

Fiscal year ending
	(in millions)
2022 (remainder of year)	$	114
2023	200
2024	148
2025	119
2026	95
2027 and thereafter	266
	$	942