Segment Information

6 Months Ended

Jul. 04, 2021

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

We have four operating segments: Aerospace, Marine Systems, Combat Systems and Technologies. We organize our segments in accordance with the nature of products and services offered. We measure each segment’s profitability based on operating earnings. As a result, we do not allocate net interest, other income and expense items, and income taxes to our segments.

Summary financial information for each of our segments follows:

	Revenue				Operating Earnings
Three Months Ended	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Aerospace	$	1,622	$	1,974	$	195	$	159
Marine Systems	2,536		2,471		210		200
Combat Systems	1,899		1,754		266		239
Technologies	3,163		3,065		308		247
Corporate*	—		—		(20)		(11)
Total	$	9,220	$	9,264	$	959	$	834
Six Months Ended
Aerospace	$	3,509	$	3,665	$	415	$	399
Marine Systems	5,019		4,717		410		384
Combat Systems	3,719		3,462		510		462
Technologies	6,362		6,169		614		545
Corporate*	—		—		(52)		(22)
Total	$	18,609	$	18,013	$	1,897	$	1,768

* Corporate operating results consist primarily of equity-based compensation expense.