XML 47 R22.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Information
 12 Months Ended
Dec. 31, 2022
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 (a)Operating EarningsRevenue from
U.S. Government
Year Ended December 31202220212020202220212020202220212020
Aerospace$8,567 $8,135 $8,075 $1,130 $1,031 $1,083 $433 $339 $513 
Marine Systems11,040 10,526 9,979 897 874 854 11,034 10,517 9,871 
Combat Systems7,308 7,351 7,223 1,075 1,067 1,041 4,416 4,173 4,191 
Technologies12,492 12,457 12,648 1,227 1,275 1,211 11,808 11,817 11,728 
Corporate (b)— — — (118)(84)(56)— — — 
Total$39,407 $38,469 $37,925 $4,211 $4,163 $4,133 $27,691 $26,846 $26,303 
(a)See Note B for additional revenue information by segment.
(b)Corporate operating costs consisted primarily of equity-based compensation expense.
The following is additional summary financial information for each of our segments:
Identifiable AssetsCapital ExpendituresDepreciation and Amortization
Year Ended December 31202220212020202220212020202220212020
Aerospace$12,676 $11,748 $12,050 $214 $102 $95 $195 $205 $201 
Marine Systems5,864 5,294 4,488 530 573 604 191 165 145 
Combat Systems11,032 11,657 12,034 94 100 92 105 109 95 
Technologies19,700 19,490 19,663 175 111 172 383 401 428 
Corporate2,313 1,884 3,073 101 1 4 10 10 9 
Total$51,585 $50,073 $51,308 $1,114 $887 $967 $884 $890 $878 
The following table presents our revenue by geographic area based on the location of our customers:
Year Ended December 31202220212020
North America:
United States$33,400 $31,654 $31,194 
Other934 934 1,078 
Total North America34,334 32,588 32,272 
Europe2,238 2,675 2,846 
Asia/Pacific1,224 1,269 1,292 
Africa/Middle East1,365 1,703 1,249 
South America246 234 266 
Total revenue$39,407 $38,469 $37,925 
Our revenue from non-U.S. operations was $4 billion in 2022, $4.4 billion in 2021 and $4.3 billion in 2020, and earnings from continuing operations before income taxes from non-U.S. operations were $567 in 2022, $588 in 2021 and $585 in 2020. The long-lived assets associated with these operations were 4% of our total long-lived assets on December 31, 2022, 2021 and 2020.