Segment Information

6 Months Ended

Jul. 02, 2023

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 Earnings
Three Months Ended	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Aerospace	$	1,953	$	1,867	$	236	$	238
Marine Systems	3,059		2,651		235		211
Combat Systems	1,924		1,666		251		245
Technologies	3,216		3,005		283		304
Corporate (b)	—		—		(43)		(20)
Total	$	10,152	$	9,189	$	962	$	978
Six Months Ended
Aerospace	$	3,845	$	3,770	$	465	$	481
Marine Systems	6,051		5,302		446		422
Combat Systems	3,680		3,341		496		472
Technologies	6,457		6,168		582		602
Corporate (b)	—		—		(89)		(91)
Total	$	20,033	$	18,581	$	1,900	$	1,886

(a)See Note B for additional revenue information by segment.

(b)Corporate operating costs consisted primarily of equity-based compensation expense.