Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Summary of Financial Information for Each Business Segment

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

	Quarters Ended
	March 31,       2013		March 25,           2012
Net sales
Aeronautics		$     3,186		$        3,706
Information Systems & Global Solutions		2,106		2,090
Missiles and Fire Control		1,988		1,766
Mission Systems and Training		1,830		1,838
Space Systems		1,960		1,893
Total net sales		$   11,070		$        11,293
Operating profit
Aeronautics		$        379		$            385
Information Systems & Global Solutions		189		188
Missiles and Fire Control		344		371
Mission Systems and Training		201		157
Space Systems		230		239
Total business segment operating profit		1,343		1,340
Unallocated expenses, net
Severance charges (a)		(30)		—
Other unallocated expenses, net		(194)		(296)
Total consolidated operating profit		$     1,119		$        1,044
Intersegment sales
Aeronautics		$          50		$             39
Information Systems & Global Solutions		190		208
Missiles and Fire Control		53		82
Mission Systems and Training		227		219
Space Systems		23		26
Total intersegment sales		$        543		$            574

^(a)  Severance charges for 2013 consisted of amounts, net of state tax benefits, associated with the elimination of certain positions at our IS&GS business segment (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):

	March 31,    2013		December 31,          2012
Assets
Aeronautics		$     6,203		$            6,525
Information Systems & Global Solutions		6,013		5,664
Missiles and Fire Control		4,394		4,186
Mission Systems and Training		6,710		6,589
Space Systems		3,414		3,478
Total business segment assets		26,734		26,442
Corporate assets (a)		12,846		12,215
Total assets		$   39,580		$          38,657

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