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Revenue (Tables)

6 Months Ended

Jul. 02, 2023

Revenue Recognition [Abstract]

Schedule of Impact of Adjustments in Contract Estimates

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


			Three Months Ended									Six Months Ended
			July 2, 2023						July 3, 2022			July 2, 2023						July 3, 2022
Revenue			$	58					$	112		$	152					$	219
Operating earnings			10						101			87						206
Diluted earnings per share			$	0.03					$	0.29		$	0.25					$	0.58

Revenue by Major Product Line

Revenue by major products and services was as follows:


			Three Months Ended									Six Months Ended
			July 2, 2023						July 3, 2022			July 2, 2023						July 3, 2022
Aircraft manufacturing			$	1,216					$	1,112		$	2,367					$	2,374
Aircraft services			737						755			1,478						1,396
Total Aerospace			1,953						1,867			3,845						3,770
Nuclear-powered submarines			2,122						1,710			4,159						3,472
Surface ships			638						611			1,319						1,204
Repair and other services			299						330			573						626
Total Marine Systems			3,059						2,651			6,051						5,302
Military vehicles			1,280						1,084			2,427						2,179
Weapons systems, armament and munitions			473						418			911						834
Engineering and other services			171						164			342						328
Total Combat Systems			1,924						1,666			3,680						3,341
Information technology (IT) services			2,127						2,010			4,296						4,150
C5ISR* solutions			1,089						995			2,161						2,018
Total Technologies			3,216						3,005			6,457						6,168
Total revenue			$	10,152					$	9,189		$	20,033					$	18,581

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

Revenue by Contract Type

Revenue by contract type was as follows:


Three Months Ended July 2, 2023			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
Fixed-price			$	1,697					$	1,609					$	1,684					$	1,374					$	6,364
Cost-reimbursement			—						1,449						222						1,383						3,054
Time-and-materials			256						1						18						459						734
Total revenue			$	1,953					$	3,059					$	1,924					$	3,216					$	10,152
Three Months Ended July 3, 2022
Fixed-price			$	1,614					$	1,609					$	1,441					$	1,286					$	5,950
Cost-reimbursement			—						1,042						211						1,256						2,509
Time-and-materials			253						—						14						463						730
Total revenue			$	1,867					$	2,651					$	1,666					$	3,005					$	9,189


Six Months Ended July 2, 2023			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
Fixed-price			$	3,329					$	3,174					$	3,212					$	2,827					$	12,542
Cost-reimbursement			—						2,876						431						2,710						6,017
Time-and-materials			516						1						37						920						1,474
Total revenue			$	3,845					$	6,051					$	3,680					$	6,457					$	20,033
Six Months Ended July 3, 2022
Fixed-price			$	3,287					$	3,210					$	2,906					$	2,624					$	12,027
Cost-reimbursement			—						2,092						408						2,584						5,084
Time-and-materials			483						—						27						960						1,470
Total revenue			$	3,770					$	5,302					$	3,341					$	6,168					$	18,581

Revenue by Customer

Revenue by customer was as follows:


Three Months Ended July 2, 2023			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
U.S. government:
Department of Defense (DoD)			$	54					$	3,029					$	941					$	1,867					$	5,891
Non-DoD			—						—						3						1,178						1,181
Foreign military sales (FMS)			21						29						159						10						219
Total U.S. government			75						3,058						1,103						3,055						7,291
U.S. commercial			985						1						55						48						1,089
Non-U.S. government			142						—						733						92						967
Non-U.S. commercial			751						—						33						21						805
Total revenue			$	1,953					$	3,059					$	1,924					$	3,216					$	10,152
Three Months Ended July 3, 2022
U.S. government:
DoD			$	80					$	2,620					$	940					$	1,667					$	5,307
Non-DoD			—						—						3						1,178						1,181
FMS			49						29						50						6						134
Total U.S. government			129						2,649						993						2,851						6,622
U.S. commercial			1,088						1						60						53						1,202
Non-U.S. government			179						1						590						93						863
Non-U.S. commercial			471						—						23						8						502
Total revenue			$	1,867					$	2,651					$	1,666					$	3,005					$	9,189


Six Months Ended July 2, 2023			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
U.S. government:
DoD			$	195					$	5,978					$	1,875					$	3,740					$	11,788
Non-DoD			—						1						5						2,370						2,376
FMS			39						70						292						19						420
Total U.S. government			234						6,049						2,172						6,129						14,584
U.S. commercial			2,183						1						106						102						2,392
Non-U.S. government			250						1						1,352						192						1,795
Non-U.S. commercial			1,178						—						50						34						1,262
Total revenue			$	3,845					$	6,051					$	3,680					$	6,457					$	20,033
Six Months Ended July 3, 2022
U.S. government:
DoD			$	160					$	5,225					$	1,795					$	3,418					$	10,598
Non-DoD			—						1						5						2,421						2,427
FMS			82						73						119						16						290
Total U.S. government			242						5,299						1,919						5,855						13,315
U.S. commercial			2,198						1						105						103						2,407
Non-U.S. government			299						2						1,275						195						1,771
Non-U.S. commercial			1,031						—						42						15						1,088
Total revenue			$	3,770					$	5,302					$	3,341					$	6,168					$	18,581