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Revenue (Tables)

6 Months Ended

Jul. 04, 2021

Revenue Recognition [Abstract]

Schedule of Impact of Adjustments in Contract Estimates

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


			Three Months Ended									Six Months Ended
			July 4, 2021						June 28, 2020			July 4, 2021						June 28, 2020
Revenue			$	75					$	54		$	160					$	144
Operating earnings			76						(5)			139						85
Diluted earnings per share			$	0.21					$	(0.01)		$	0.39					$	0.23

Revenue by Major Product Line

Revenue by major products and services was as follows:


			Three Months Ended									Six Months Ended
			July 4, 2021						June 28, 2020			July 4, 2021						June 28, 2020
Aircraft manufacturing			$	1,072					$	1,532		$	2,444					$	2,697
Aircraft services and completions			550						442			1,065						968
Total Aerospace			1,622						1,974			3,509						3,665
Nuclear-powered submarines			1,679						1,708			3,398						3,268
Surface ships			585						510			1,113						972
Repair and other services			272						253			508						477
Total Marine Systems			2,536						2,471			5,019						4,717
Military vehicles			1,231						1,103			2,434						2,249
Weapons systems, armament and munitions			511						515			971						948
Engineering and other services			157						136			314						265
Total Combat Systems			1,899						1,754			3,719						3,462
Information technology (IT) services			2,071						1,884			4,156						3,872
C4ISR* solutions			1,092						1,181			2,206						2,297
Total Technologies			3,163						3,065			6,362						6,169
Total revenue			$	9,220					$	9,264		$	18,609					$	18,013

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

Revenue by Contract Type

Revenue by contract type was as follows:


Three Months Ended July 4, 2021			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
Fixed-price			$	1,440					$	1,810					$	1,668					$	1,304					$	6,222
Cost-reimbursement			—						726						216						1,363						2,305
Time-and-materials			182						—						15						496						693
Total revenue			$	1,622					$	2,536					$	1,899					$	3,163					$	9,220
Three Months Ended June 28, 2020
Fixed-price			$	1,849					$	1,716					$	1,507					$	1,404					$	6,476
Cost-reimbursement			—						750						230						1,271						2,251
Time-and-materials			125						5						17						390						537
Total revenue			$	1,974					$	2,471					$	1,754					$	3,065					$	9,264


Six Months Ended July 4, 2021			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
Fixed-price			$	3,149					$	3,594					$	3,237					$	2,644					$	12,624
Cost-reimbursement			—						1,425						451						2,726						4,602
Time-and-materials			360						—						31						992						1,383
Total revenue			$	3,509					$	5,019					$	3,719					$	6,362					$	18,609
Six Months Ended June 28, 2020
Fixed-price			$	3,327					$	3,285					$	2,972					$	2,793					$	12,377
Cost-reimbursement			—						1,425						459						2,618						4,502
Time-and-materials			338						7						31						758						1,134
Total revenue			$	3,665					$	4,717					$	3,462					$	6,169					$	18,013

Revenue by Customer

Revenue by customer was as follows:


Three Months Ended July 4, 2021			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
U.S. government:
Department of Defense (DoD)			$	72					$	2,492					$	954					$	1,758					$	5,276
Non-DoD			—						—						3						1,295						1,298
Foreign Military Sales (FMS)			18						41						62						6						127
Total U.S. government			90						2,533						1,019						3,059						6,701
U.S. commercial			982						1						42						36						1,061
Non-U.S. government			50						—						822						64						936
Non-U.S. commercial			500						2						16						4						522
Total revenue			$	1,622					$	2,536					$	1,899					$	3,163					$	9,220
Three Months Ended June 28, 2020
U.S. government:
DoD			$	52					$	2,390					$	930					$	1,695					$	5,067
Non-DoD			—						1						3						1,147						1,151
FMS			52						51						99						13						215
Total U.S. government			104						2,442						1,032						2,855						6,433
U.S. commercial			1,032						27						86						66						1,211
Non-U.S. government			53						2						618						112						785
Non-U.S. commercial			785						—						18						32						835
Total revenue			$	1,974					$	2,471					$	1,754					$	3,065					$	9,264


Six Months Ended July 4, 2021			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
U.S. government:
DoD			$	130					$	4,912					$	1,870					$	3,505					$	10,417
Non-DoD			—						4						5						2,541						2,550
FMS			37						97						149						20						303
Total U.S. government			167						5,013						2,024						6,066						13,270
U.S. commercial			1,839						2						108						93						2,042
Non-U.S. government			240						2						1,554						193						1,989
Non-U.S. commercial			1,263						2						33						10						1,308
Total revenue			$	3,509					$	5,019					$	3,719					$	6,362					$	18,609
Six Months Ended June 28, 2020
U.S. government:
DoD			$	213					$	4,549					$	1,818					$	3,332					$	9,912
Non-DoD			—						2						6						2,331						2,339
FMS			70						100						188						26						384
Total U.S. government			283						4,651						2,012						5,689						12,635
U.S. commercial			1,812						60						141						147						2,160
Non-U.S. government			74						5						1,281						264						1,624
Non-U.S. commercial			1,496						1						28						69						1,594
Total revenue			$	3,665					$	4,717					$	3,462					$	6,169					$	18,013