Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Financial Information for Each Business Segment

Summary operating results for each of our business segments were as follows (in millions):

	Quarters Ended						Nine Months Ended
	September 30, 2012			September 25, 2011			September 30, 2012			September 25, 2011
Net sales
Aeronautics		$  3,698			$  3,965			$10,812			$10,507
Electronic Systems		3,818			3,663			11,293			10,925
Information Systems & Global Solutions		2,292			2,323			6,645			6,833
Space Systems		2,061			2,168			6,333			6,023
Total net sales		$11,869			$12,119			$35,083			$34,288
Operating profit
Aeronautics		$415			$444			$  1,254			$  1,169
Electronic Systems		509			447			1,576			1,357
Information Systems & Global Solutions		209			213			605			620
Space Systems		301			251			809			731
Total business segment operating profit		1,434			1,355			4,244			3,877
Unallocated expense, net
Severance charges (a)		(23	)		(39	)		(23	)		(136	)
Other unallocated expense, net		(313	)		(275	)		(911	)		(843	)
Total consolidated operating profit		$  1,098			$  1,041			$  3,310			$  2,898
Intersegment sales
Aeronautics		$55			$58			$145			$     140
Electronic Systems		259			266			775			770
Information Systems & Global Solutions		231			227			659			635
Space Systems		32			30			84			81
Total intersegment sales		$     577			$     581			$  1,663			$  1,626

^(a)  Severance charges for 2012 consisted of amounts, net of state tax benefits, associated with the elimination of certain positions at our Electronic Systems business segment. For 2011, severance charges consisted of amounts related to actions taken at various business segments as well as Corporate Headquarters (Note 8, under the caption “Severance Activities”). Severance charges for initiatives that are not significant are included in business segment operating profit.

Total assets for each of our business segments were as follows (in millions):

	September 30, 2012		December 31, 2011
Assets
Aeronautics		$  6,335		$  5,752
Electronic Systems		10,700		10,480
Information Systems & Global Solutions		5,640		5,838
Space Systems		3,179		3,121
Total business segment assets		25,854		25,191
Corporate assets (a)		13,467		12,717
Total assets		$39,321		$37,908

^(a)  Corporate assets primarily include cash and cash equivalents, deferred income taxes, environmental receivables, and investments held in a Rabbi Trust.