XML 38 R26.htm IDEA: XBRL DOCUMENT

Revenue (Tables)

9 Months Ended

Oct. 01, 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									Nine Months Ended
			October 1, 2023						October 2, 2022			October 1, 2023						October 2, 2022
Revenue			$	27					$	67		$	179					$	286
Operating earnings			11						115			98						321
Diluted earnings per share			$	0.03					$	0.33		$	0.28					$	0.91

Revenue by Major Product Line

Revenue by major products and services was as follows:


			Three Months Ended									Nine Months Ended
			October 1, 2023						October 2, 2022			October 1, 2023						October 2, 2022
Aircraft manufacturing			$	1,348					$	1,712		$	3,715					$	4,086
Aircraft services			684						635			2,162						2,031
Total Aerospace			2,032						2,347			5,877						6,117
Nuclear-powered submarines			2,027						1,785			6,186						5,257
Surface ships			697						701			2,016						1,905
Repair and other services			278						283			851						909
Total Marine Systems			3,002						2,769			9,053						8,071
Military vehicles			1,280						1,134			3,707						3,313
Weapons systems, armament and munitions			739						480			1,650						1,314
Engineering and other services			205						174			547						502
Total Combat Systems			2,224						1,788			5,904						5,129
Information technology (IT) services			2,149						2,038			6,445						6,188
C5ISR* solutions			1,164						1,033			3,325						3,051
Total Technologies			3,313						3,071			9,770						9,239
Total revenue			$	10,571					$	9,975		$	30,604					$	28,556

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

Revenue by Contract Type

Revenue by contract type was as follows:


Three Months Ended October 1, 2023			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
Fixed-price			$	1,816					$	1,513					$	1,992					$	1,428					$	6,749
Cost-reimbursement			—						1,489						220						1,408						3,117
Time-and-materials			216						—						12						477						705
Total revenue			$	2,032					$	3,002					$	2,224					$	3,313					$	10,571
Three Months Ended October 2, 2022
Fixed-price			$	2,127					$	1,670					$	1,575					$	1,315					$	6,687
Cost-reimbursement			—						1,099						199						1,272						2,570
Time-and-materials			220						—						14						484						718
Total revenue			$	2,347					$	2,769					$	1,788					$	3,071					$	9,975


Nine Months Ended October 1, 2023			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
Fixed-price			$	5,145					$	4,687					$	5,204					$	4,255					$	19,291
Cost-reimbursement			—						4,365						651						4,118						9,134
Time-and-materials			732						1						49						1,397						2,179
Total revenue			$	5,877					$	9,053					$	5,904					$	9,770					$	30,604
Nine Months Ended October 2, 2022
Fixed-price			$	5,414					$	4,880					$	4,481					$	3,939					$	18,714
Cost-reimbursement			—						3,191						607						3,856						7,654
Time-and-materials			703						—						41						1,444						2,188
Total revenue			$	6,117					$	8,071					$	5,129					$	9,239					$	28,556

Revenue by Customer

Revenue by customer was as follows:


Three Months Ended October 1, 2023			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
U.S. government:
Department of Defense (DoD)			$	46					$	2,970					$	1,309					$	1,914					$	6,239
Non-DoD			—						1						3						1,212						1,216
Foreign military sales (FMS)			14						31						143						14						202
Total U.S. government			60						3,002						1,455						3,140						7,657
U.S. commercial			1,375						—						53						49						1,477
Non-U.S. government			67						—						692						105						864
Non-U.S. commercial			530						—						24						19						573
Total revenue			$	2,032					$	3,002					$	2,224					$	3,313					$	10,571
Three Months Ended October 2, 2022
U.S. government:
DoD			$	61					$	2,723					$	1,029					$	1,716					$	5,529
Non-DoD			—						—						2						1,182						1,184
FMS			20						45						82						7						154
Total U.S. government			81						2,768						1,113						2,905						6,867
U.S. commercial			1,418						1						62						56						1,537
Non-U.S. government			123						—						592						95						810
Non-U.S. commercial			725						—						21						15						761
Total revenue			$	2,347					$	2,769					$	1,788					$	3,071					$	9,975


Nine Months Ended October 1, 2023			Aerospace						Marine Systems						Combat Systems						Technologies						Total Revenue
U.S. government:
DoD			$	241					$	8,948					$	3,184					$	5,654					$	18,027
Non-DoD			—						2						8						3,582						3,592
FMS			53						101						435						33						622
Total U.S. government			294						9,051						3,627						9,269						22,241
U.S. commercial			3,558						1						159						151						3,869
Non-U.S. government			317						1						2,044						297						2,659
Non-U.S. commercial			1,708						—						74						53						1,835
Total revenue			$	5,877					$	9,053					$	5,904					$	9,770					$	30,604
Nine Months Ended October 2, 2022
U.S. government:
DoD			$	221					$	7,948					$	2,824					$	5,134					$	16,127
Non-DoD			—						1						7						3,603						3,611
FMS			102						118						201						23						444
Total U.S. government			323						8,067						3,032						8,760						20,182
U.S. commercial			3,616						2						167						159						3,944
Non-U.S. government			422						2						1,867						290						2,581
Non-U.S. commercial			1,756						—						63						30						1,849
Total revenue			$	6,117					$	8,071					$	5,129					$	9,239					$	28,556