XML 38 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue (Tables)
6 Months Ended
Jul. 01, 2018
Revenue Recognition [Abstract]  
Schedule of Impact of Adjustments in Contract Estimates
revenue, operating earnings and diluted earnings per share as follows:
 
Three Months Ended
Six Months Ended
 
July 1, 2018
 
July 2, 2017
July 1, 2018
 
July 2, 2017
Revenue
$
91

 
$
90

$
206

 
$
162

Operating earnings
83

 
121

180

 
171

Diluted earnings per share
$
0.22

 
$
0.26

$
0.47

 
$
0.36

Revenue by Major Product Line
Revenue by major products and services was as follows:
 
Three Months Ended
Six Months Ended
 
July 1, 2018
 
July 2, 2017
July 1, 2018
 
July 2, 2017
Aircraft manufacturing and
    completions
$
1,362

 
$
1,600

$
2,728

 
$
3,229

Aircraft services
531

 
445

982

 
880

Pre-owned aircraft
2

 
33

10

 
43

Total Aerospace
1,895

 
2,078

3,720

 
4,152

Wheeled combat and tactical vehicles
644

 
566

1,269

 
1,126

Weapons systems, armament and
    munitions
443

 
409

826

 
755

Tanks and tracked vehicles
346

 
278

677

 
525

Engineering and other services
101

 
161

202

 
295

Total Combat Systems
1,534

 
1,414

2,974

 
2,701

Information technology services
2,442

 
1,052

3,580

 
2,110

Total Information Technology
2,442

 
1,052

3,580

 
2,110

Platform systems and sensors
383

 
393

774

 
783

Intelligence, surveillance and
    reconnaissance systems
372

 
333

749

 
662

Communication systems
392

 
326

722

 
695

Total Mission Systems
1,147

 
1,052

2,245

 
2,140

Nuclear-powered submarines
1,438

 
1,342

2,734

 
2,546

Surface combatants
276

 
254

541

 
501

Auxiliary and commercial ships
197

 
155

415

 
298

Repair and other services
257

 
328

512

 
668

Total Marine Systems
2,168

 
2,079

4,202

 
4,013

Total revenue
$
9,186

 
$
7,675

$
16,721

 
$
15,116

Revenue by Contract Type
Revenue by contract type was as follows:
Three Months Ended July 1, 2018
Aerospace
 
Combat Systems
 
Information Technology
 
Mission Systems
 
Marine Systems
 
Total
Revenue
Fixed-price
$
1,696

 
$
1,330

 
$
1,059

 
$
658

 
$
1,372

 
$
6,115

Cost-reimbursement

 
197

 
930

 
451

 
795

 
2,373

Time-and-materials
199

 
7

 
453

 
38

 
1

 
698

Total revenue
$
1,895

 
$
1,534

 
$
2,442

 
$
1,147

 
$
2,168

 
$
9,186

Three Months Ended July 2, 2017
 
 
 
 
 
 
 
 
 
 
 
Fixed-price
$
1,913

 
$
1,207

 
$
339

 
$
553

 
$
1,253

 
$
5,265

Cost-reimbursement

 
196

 
555

 
463

 
824

 
2,038

Time-and-materials
165

 
11

 
158

 
36

 
2

 
372

Total revenue
$
2,078

 
$
1,414

 
$
1,052

 
$
1,052

 
$
2,079

 
$
7,675

Six Months Ended July 1, 2018
Aerospace
 
Combat Systems
 
Information Technology
 
Mission Systems
 
Marine Systems
 
Total
Revenue
Fixed-price
$
3,364

 
$
2,583

 
$
1,446

 
$
1,278

 
$
2,677

 
$
11,348

Cost-reimbursement

 
376

 
1,507

 
891

 
1,523

 
4,297

Time-and-materials
356

 
15

 
627

 
76

 
2

 
1,076

Total revenue
$
3,720

 
$
2,974

 
$
3,580

 
$
2,245

 
$
4,202

 
$
16,721

Six Months Ended July 2, 2017
 
 
 
 
 
 
 
 
 
 
 
Fixed-price
$
3,815

 
$
2,280

 
$
690

 
$
1,132

 
$
2,383

 
$
10,300

Cost-reimbursement

 
403

 
1,108

 
920

 
1,625

 
4,056

Time-and-materials
337

 
18

 
312

 
88

 
5

 
760

Total revenue
$
4,152

 
$
2,701

 
$
2,110

 
$
2,140

 
$
4,013

 
$
15,116

Revenue by Customer
Revenue by customer was as follows:
Three Months Ended July 1, 2018
Aerospace
 
Combat Systems
 
Information Technology
 
Mission Systems
 
Marine Systems
 
Total
Revenue
U.S. government:
 
 
 
 
 
 
 
 
 
 
 
Department of Defense (DoD)
$
89

 
$
660

 
$
1,052

 
$
764

 
$
2,032

 
$
4,597

Non-DoD

 
3

 
1,311

 
130

 
1

 
1,445

Foreign Military Sales (FMS)
19

 
83

 
7

 
14

 
39

 
162

Total U.S. government
108

 
746

 
2,370

 
908

 
2,072

 
6,204

U.S. commercial
917

 
58

 
41

 
36

 
91

 
1,143

Non-U.S. government
143

 
712

 
31

 
161

 
4

 
1,051

Non-U.S. commercial
727

 
18

 

 
42

 
1

 
788

Total revenue
$
1,895

 
$
1,534

 
$
2,442

 
$
1,147

 
$
2,168

 
$
9,186

Three Months Ended July 2, 2017
 
 
 
 
 
 
 
 
 
 
 
U.S. government:
 
 
 
 
 
 
 
 
 
 
 
DoD
$
32

 
$
660

 
$
424

 
$
678

 
$
2,016

 
$
3,810

Non-DoD

 
1

 
551

 
147

 

 
699

FMS
9

 
83

 
6

 
15

 
40

 
153

Total U.S. government
41

 
744

 
981

 
840

 
2,056

 
4,662

U.S. commercial
877

 
42

 
65

 
26

 
17

 
1,027

Non-U.S. government
64

 
594

 
6

 
154

 
4

 
822

Non-U.S. commercial
1,096

 
34

 

 
32

 
2

 
1,164

Total revenue
$
2,078

 
$
1,414

 
$
1,052

 
$
1,052

 
$
2,079

 
$
7,675

Six Months Ended July 1, 2018
Aerospace
 
Combat Systems
 
Information Technology
 
Mission Systems
 
Marine Systems
 
Total
Revenue
U.S. government:
 
 
 
 
 
 
 
 
 
 
 
DoD
$
130

 
$
1,267

 
$
1,485

 
$
1,506

 
$
3,982

 
$
8,370

Non-DoD

 
4

 
1,948

 
248

 
1

 
2,201

FMS
35

 
152

 
15

 
21

 
68

 
291

Total U.S. government
165

 
1,423

 
3,448

 
1,775

 
4,051

 
10,862

U.S. commercial
1,759

 
116

 
81

 
63

 
144

 
2,163

Non-U.S. government
153

 
1,409

 
51

 
333

 
6

 
1,952

Non-U.S. commercial
1,643

 
26

 

 
74

 
1

 
1,744

Total revenue
$
3,720

 
$
2,974

 
$
3,580

 
$
2,245

 
$
4,202

 
$
16,721

Six Months Ended July 2, 2017
 
 
 
 
 
 
 
 
 
 
 
U.S. government:
 
 
 
 
 
 
 
 
 
 
 
DoD
$
72

 
$
1,269

 
$
845

 
$
1,399

 
$
3,853

 
$
7,438

Non-DoD

 
3

 
1,118

 
278

 

 
1,399

FMS
18

 
191

 
11

 
22

 
98

 
340

Total U.S. government
90

 
1,463

 
1,974

 
1,699

 
3,951

 
9,177

U.S. commercial
1,813

 
103

 
126

 
54

 
50

 
2,146

Non-U.S. government
69

 
1,096

 
10

 
329

 
8

 
1,512

Non-U.S. commercial
2,180

 
39

 

 
58

 
4

 
2,281

Total revenue
$
4,152

 
$
2,701

 
$
2,110

 
$
2,140

 
$
4,013

 
$
15,116