Revenue (Tables)

6 Months Ended

Jul. 02, 2017

Revenue Recognition [Abstract]

Schedule of Impact of Adjustments in Contract Estimates

The aggregate impact of adjustments in contract estimates increased our revenue, operating earnings and diluted earnings per share as follows:

	Three Months Ended				Six Months Ended
	July 2, 2017		July 3, 2016		July 2, 2017		July 3, 2016
Revenue	$	90	$	55	$	162	$	123
Operating earnings	121		59		171		117
Diluted earnings per share	$	0.26	$	0.12	$	0.36	$	0.24

Revenue by Major Product Line

Revenue by major product line was as follows:

	Three Months Ended				Six Months Ended
	July 2, 2017		July 3, 2016		July 2, 2017		July 3, 2016
Aircraft manufacturing, outfitting and completions	$	1,600	$	1,842	$	3,229	$	3,218
Aircraft services	445		404		880		805
Pre-owned aircraft	33		38		43		42
Total Aerospace	2,078		2,284		4,152		4,065
Wheeled combat vehicles	566		545		1,126		1,108
Weapons systems, armament and munitions	409		355		755		696
Tanks and tracked vehicles	278		238		525		430
Engineering and other services	161		159		295		308
Total Combat Systems	1,414		1,297		2,701		2,542
C4ISR* solutions	1,052		1,119		2,140		2,305
Information technology (IT) services	1,052		1,096		2,110		2,238
Total Information Systems and Technology	2,104		2,215		4,250		4,543
Nuclear-powered submarines	1,342		1,278		2,546		2,665
Surface combatants	254		282		501		555
Auxiliary and commercial ships	155		152		298		301
Repair and other services	328		266		668		579
Total Marine Systems	2,079		1,978		4,013		4,100
Total revenue	$	7,675	$	7,774	$	15,116	$	15,250

* Command, control, communications, computers, intelligence, surveillance and reconnaissance.

Revenue by Contract Type

Revenue by contract type was as follows:

Three Months Ended July 2, 2017	Aerospace		Combat Systems		Information Systems and Technology		Marine Systems		Total Revenue
Fixed-price	$	1,913	$	1,207	$	892	$	1,253	$	5,265
Cost-reimbursement	—		196		1,018		824		2,038
Time-and-materials	165		11		194		2		372
Total revenue	$	2,078	$	1,414	$	2,104	$	2,079	$	7,675
Three Months Ended July 3, 2016
Fixed-price	$	2,133	$	1,081	$	1,010	$	1,223	$	5,447
Cost-reimbursement	—		207		994		752		1,953
Time-and-materials	151		9		211		3		374
Total revenue	$	2,284	$	1,297	$	2,215	$	1,978	$	7,774

Six Months Ended July 2, 2017	Aerospace		Combat Systems		Information Systems and Technology		Marine Systems		Total Revenue
Fixed-price	$	3,815	$	2,280	$	1,822	$	2,383	$	10,300
Cost-reimbursement	—		403		2,028		1,625		4,056
Time-and-materials	337		18		400		5		760
Total revenue	$	4,152	$	2,701	$	4,250	$	4,013	$	15,116
Six Months Ended July 3, 2016
Fixed-price	$	3,774	$	2,105	$	2,087	$	2,544	$	10,510
Cost-reimbursement	—		423		2,043		1,552		4,018
Time-and-materials	291		14		413		4		722
Total revenue	$	4,065	$	2,542	$	4,543	$	4,100	$	15,250

Revenue by Customer

Revenue by customer was as follows:

Three Months Ended July 2, 2017	Aerospace		Combat Systems		Information Systems and Technology		Marine Systems		Total Revenue
U.S. government:
Department of Defense (DoD)	$	32	$	636	$	1,137	$	2,016	$	3,821
Non-DoD	—		25		663		—		688
Foreign Military Sales (FMS)	9		83		21		40		153
Total U.S. government	41		744		1,821		2,056		4,662
U.S. commercial	877		42		94		17		1,030
Non-U.S. government	64		594		155		4		817
Non-U.S. commercial	1,096		34		34		2		1,166
Total revenue	$	2,078	$	1,414	$	2,104	$	2,079	$	7,675
Three Months Ended July 3, 2016
U.S. government:
DoD	$	64	$	499	$	1,198	$	1,840	$	3,601
Non-DoD	—		25		676		1		702
FMS	45		80		12		39		176
Total U.S. government	109		604		1,886		1,880		4,479
U.S. commercial	940		64		98		92		1,194
Non-U.S. government	238		603		181		6		1,028
Non-U.S. commercial	997		26		50		—		1,073
Total revenue	$	2,284	$	1,297	$	2,215	$	1,978	$	7,774

Six Months Ended July 2, 2017	Aerospace		Combat Systems		Information Systems and Technology		Marine Systems		Total Revenue
U.S. government:
DoD	$	72	$	1,223	$	2,312	$	3,853	$	7,460
Non-DoD	—		49		1,328		—		1,377
FMS	18		191		33		98		340
Total U.S. government	90		1,463		3,673		3,951		9,177
U.S. commercial	1,813		103		183		50		2,149
Non-U.S. government	69		1,096		331		8		1,504
Non-U.S. commercial	2,180		39		63		4		2,286
Total revenue	$	4,152	$	2,701	$	4,250	$	4,013	$	15,116
Six Months Ended July 3, 2016
U.S. government:
DoD	$	110	$	1,013	$	2,504	$	3,832	$	7,459
Non-DoD	—		45		1,394		3		1,442
FMS	90		155		24		76		345
Total U.S. government	200		1,213		3,922		3,911		9,246
U.S. commercial	1,913		119		185		177		2,394
Non-U.S. government	315		1,150		341		12		1,818
Non-U.S. commercial	1,637		60		95		—		1,792
Total revenue	$	4,065	$	2,542	$	4,543	$	4,100	$	15,250