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Information on Business Segments (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Summary Of Financial Information For Each Business Segment
Sales and operating profit for each of our business segments were as follows (in millions):
202120202019
Net sales
Aeronautics$26,748 $26,266 $23,693 
Missiles and Fire Control11,693 11,257 10,131 
Rotary and Mission Systems16,789 15,995 15,128 
Space11,814 11,880 10,860 
Total net sales$67,044 $65,398 $59,812 
Operating profit
Aeronautics$2,799 $2,843 $2,521 
Missiles and Fire Control1,648 1,545 1,441 
Rotary and Mission Systems1,798 1,615 1,421 
Space1,134 1,149 1,191 
Total business segment operating profit7,379 7,152 6,574 
Unallocated items
     FAS/CAS operating adjustment 1,960 1,876 2,049 
Stock-based compensation(227)(221)(189)
     Severance and restructuring charges (a)
(36)(27)— 
Other, net (b)
47 (136)111 
Total unallocated, net1,744 1,492 1,971 
Total consolidated operating profit$9,123 $8,644 $8,545 
(a)Severance and restructuring includes a $36 million ($28 million, or $0.10 per share, after-tax) charge during 2021 associated with plans to close and consolidate certain facilities and reduce total workforce within our RMS business segment; and a $27 million ($21 million, or $0.08 per share, after-tax) charge during 2020 related to the planned elimination of certain positions primarily at our corporate functions.
(b)Other, net in 2020 includes a noncash impairment charge of $128 million recognized in the second quarter of 2020 on our investment in the international equity method investee, AMMROC, which decreased net earnings from continuing operations by $96 million. Other, net in 2019 includes a previously deferred non-cash gain of $51 million related to properties sold in 2015 as a result of completing our remaining obligations and a gain of $34 million for the sale of our Distributed Energy Solutions business. (See “Note 1 – Organization and Significant Accounting Policies”).
Our total net FAS/CAS pension adjustments, including the service and non-service cost components of FAS pension (expense) income for our qualified defined benefit pension plans, were as follows (in millions):
202120202019
Total FAS (expense) income and CAS costs
FAS pension (expense) income $(1,398)$118 $(1,093)
Less: CAS pension cost2,066 1,977 2,565 
Net FAS/CAS pension adjustment$668 $2,095 $1,472 
Service and non-service cost reconciliation
FAS pension service cost$(106)$(101)$(516)
Less: CAS pension cost2,066 1,977 2,565 
FAS/CAS operating adjustment1,960 1,876 2,049 
Non-service FAS pension (expense) income (1,292)219 (577)
Net FAS/CAS pension adjustment$668 $2,095 $1,472 
Sales between our business segments are excluded from our consolidated and segment operating results as these activities are eliminated in consolidation. Intersegment sales for each of our business segments were as follows (in millions):
202120202019
Intersegment sales
Aeronautics$219 $243 $217 
Missiles and Fire Control618 562 515 
Rotary and Mission Systems1,895 1,903 1,872 
Space 360 377 352 
Total intersegment sales$3,092 $3,085 $2,956 
Net sales by total products and services, contract type, customer category and geographic region for each of our business segments were as follows (in millions):
2021
AeronauticsMFCRMSSpace Total
Net sales
Products$22,631 $10,269 $13,483 $10,052 $56,435 
Services4,117 1,424 3,306 1,762 10,609 
Total net sales$26,748 $11,693 $16,789 $11,814 $67,044 
Net sales by contract type
Fixed-price$19,734 $8,079 $11,125 $2,671 $41,609 
Cost-reimbursable7,014 3,614 5,664 9,143 25,435 
Total net sales$26,748 $11,693 $16,789 $11,814 $67,044 
Net sales by customer
U.S. Government$17,262 $8,341 $11,736 $10,811 $48,150 
International (a)
9,403 3,346 4,719 971 18,439 
U.S. commercial and other83 6 334 32 455 
Total net sales$26,748 $11,693 $16,789 $11,814 $67,044 
Net sales by geographic region
United States$17,345 $8,347 $12,070 $10,843 $48,605 
Europe3,973 910 909 968 6,760 
Asia Pacific3,644 292 2,178 (6)6,108 
Middle East1,351 2,066 827 9 4,253 
Other435 78 805 — 1,318 
Total net sales$26,748 $11,693 $16,789 $11,814 $67,044 
2020
AeronauticsMFCRMSSpace Total
Net sales
Products$22,327 $9,804 $12,748 $10,049 $54,928 
Services3,939 1,453 3,247 1,831 10,470 
Total net sales$26,266 $11,257 $15,995 $11,880 $65,398 
Net sales by contract type
Fixed-price$18,477 $7,587 $10,795 $2,247 $39,106 
Cost-reimbursable7,789 3,670 5,200 9,633 26,292 
Total net sales$26,266 $11,257 $15,995 $11,880 $65,398 
Net sales by customer
U.S. Government$18,175 $8,404 $11,596 $10,293 $48,468 
International (a)
8,012 2,842 3,986 1,546 16,386 
U.S. commercial and other79 11 413 41 544 
Total net sales$26,266 $11,257 $15,995 $11,880 $65,398 
Net sales by geographic region
United States$18,254 $8,415 $12,009 $10,334 $49,012 
Europe3,283 767 806 1,478 6,334 
Asia Pacific3,162 280 1,666 68 5,176 
Middle East1,344 1,749 847 — 3,940 
Other223 46 667 — 936 
Total net sales$26,266 $11,257 $15,995 $11,880 $65,398 
(a)International sales include FMS contracted through the U.S. Government, direct commercial sales with international governments and commercial and other sales to international customers.
2019
AeronauticsMFCRMSSpace Total
Net sales
Products$20,319 $8,424 $12,206 $9,104 $50,053 
Services3,374 1,707 2,922 1,756 9,759 
Total net sales$23,693 $10,131 $15,128 $10,860 $59,812 
Net sales by contract type
Fixed-price$17,239 $6,449 $10,382 $2,135 $36,205 
Cost-reimbursable6,454 3,682 4,746 8,725 23,607 
Total net sales$23,693 $10,131 $15,128 $10,860 $59,812 
Net sales by customer
U.S. Government$14,776 $7,524 $10,803 $9,322 $42,425 
International (a)
8,733 2,465 3,822 1,511 16,531 
U.S. commercial and other184 142 503 27 856 
Total net sales$23,693 $10,131 $15,128 $10,860 $59,812 
Net sales by geographic region
United States$14,960 $7,666 $11,306 $9,349 $43,281 
Europe3,224 516 769 1,419 5,928 
Asia Pacific3,882 420 1,451 73 5,826 
Middle East1,465 1,481 979 19 3,944 
Other162 48 623 — 833 
Total net sales$23,693 $10,131 $15,128 $10,860 $59,812 
(a)International sales include FMS contracted through the U.S. Government, direct commercial sales with international governments and commercial and other sales to international customers.
Capital Expenditures, PP&E Depreciation and Software Amortization, and Amortization of Purchased Intangibles
202120202019
Capital expenditures
Aeronautics$477 $534 $526 
Missiles and Fire Control304 391 300 
Rotary and Mission Systems279 311 272 
Space305 403 258 
Total business segment capital expenditures1,365 1,639 1,356 
Corporate activities157 127 128 
Total capital expenditures$1,522 $1,766 $1,484 
PP&E depreciation and software amortization (a)
Aeronautics$348 $348 $318 
Missiles and Fire Control153 136 122 
Rotary and Mission Systems250 244 232 
Space 205 182 164 
Total business segment depreciation and amortization956 910 836 
Corporate activities123 109 70 
Total depreciation and amortization $1,079 $1,019 $906 
Amortization of purchased intangibles
Aeronautics$1 $— $— 
Missiles and Fire Control2 2 2 
Rotary and Mission Systems232 232 232 
Space50 37 50 
Total amortization of purchased intangibles$285 $271 $284 
(a)Excludes amortization of purchased intangibles.
Total assets for each of our business segments were as follows (in millions):
20212020
Assets
Aeronautics$10,756 $9,903 
Missiles and Fire Control5,243 4,966 
Rotary and Mission Systems17,664 18,035 
Space 6,199 6,451 
Total business segment assets39,862 39,355 
Corporate assets (a)
11,011 11,355 
Total assets$50,873 $50,710 
(a)Corporate assets primarily include cash and cash equivalents, deferred income taxes, assets for the portion of certain environmental costs that are probable of future recovery, and investments. Substantially all of our operating assets are located in the U.S.