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BUSINESS SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Selected Financial Information by Business Segments
Segment revenue, segment operating income and a reconciliation of segment operating income to total income before income taxes are as follows:
Quarter Ended
(In millions)March 31, 2023April 1, 2022
Revenue from Product Sales and Services
IMS$1,700 $1,659 
SAS1,655 1,517 
CS1,163 963 
Corporate eliminations(47)(36)
Total revenue from product sales and services$4,471 $4,103 
Income before Income Taxes
Segment Operating Income:
IMS$185 $251 
SAS187 177 
CS266 229 
Total segment operating income638 657 
Unallocated Items:
Unallocated corporate department expense, net(1)
(6)(4)
Amortization of acquisition-related intangibles(2)
(165)(152)
Acquisition-related transaction and integration expenses(40)— 
L3Harris merger-related integration expenses— (24)
Impairment of other assets(18)— 
Additional cost of sales related to the fair value step-up in inventory sold(15)— 
Enterprise transformation program(13)— 
Pre-acquisition and other divestiture-related expenses(10)(1)
FAS/CAS operating adjustment(3)
22 22 
Total unallocated items(245)(159)
Non-operating income, net82 106 
Interest expense, net(102)(68)
Income before income taxes$373 $536 
_______________
(1)Includes certain corporate-level expenses that are not included in management’s evaluation of segment operating performance.
(2)Includes amortization of identifiable intangible assets acquired in connection with business combinations. Because our acquisitions benefited the entire Company, the amortization of identifiable intangible assets acquired was not allocated to any segment.
(3)Represents the difference between the service cost component of Financial Accounting Standards ("FAS") pension and other postretirement benefits (“OPEB”) cost and total U.S. Government Cost Accounting Standards (“CAS”) pension and OPEB cost and replaces the “Pension adjustment” line item previously presented, which included the non-service components of FAS pension and OPEB income. See Net FAS/CAS operating adjustment table below.
The table below is a reconciliation of the FAS/CAS operating adjustment:
Quarter Ended
(In millions)March 31, 2023April 1, 2022
FAS pension service cost$(6)$(11)
Less: CAS pension cost(28)(33)
FAS/CAS operating adjustment22 22 
Non-service FAS pension income77 110 
FAS/CAS pension adjustment, net$99 $132 
Schedule of Disaggregation of Revenue by Segment
Disaggregation of Revenue
We disaggregate revenue for all three business segments by customer relationship, contract type and geographical region. We believe these categories best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.
Quarter Ended
March 31, 2023April 1, 2022
(In millions)IMSSASCSIMSSASCS
Revenue By Customer Relationship
Prime contractor$1,154 $1,010 $807 $1,086 $977 $656 
Subcontractor525 632 343 557 530 296 
Intersegment21 13 13 16 10 11 
Total revenue$1,700 $1,655 $1,163 $1,659 $1,517 $963 
Revenue By Contract Type
Fixed-price(1)
$1,286 $1,022 $978 $1,261 $880 $797 
Cost-reimbursable393 620 172 382 627 155 
Intersegment21 13 13 16 10 11 
Total revenue$1,700 $1,655 $1,163 $1,659 $1,517 $963 
Revenue By Geographical Region
United States$1,257 $1,454 $791 $1,182 $1,342 $625 
International422 188 359 461 165 327 
Intersegment21 13 13 16 10 11 
Total revenue$1,700 $1,655 $1,163 $1,659 $1,517 $963 
_______________
(1)Includes revenue derived from time-and-materials contracts.
Schedule of Total Assets by Segment
Total assets by business segment are as follows:
(In millions)March 31, 2023December 30, 2022
Total Assets
IMS$10,914 $11,283 
SAS9,169 8,475 
CS7,119 5,800 
Corporate(1)
8,305 7,966 
Total Assets$35,507 $33,524 
_______________
(1)Identifiable intangible assets acquired in connection with business combinations were recorded as corporate assets because they benefited the entire Company. Identifiable intangible asset balances recorded as corporate assets were $6.7 billion and $6.0 billion at March 31, 2023 and December 30, 2022, respectively. Corporate assets also consisted of cash, income taxes receivable, deferred income taxes, deferred compensation plan investments, buildings and equipment, as well as any assets of business held for sale.