INFORMATION ON BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 29, 2015

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 29, 2015		March 30, 2014
Net sales
Aeronautics	$	3,134	$	3,386
Information Systems & Global Solutions		1,869		1,910
Missiles and Fire Control		1,503		1,867
Mission Systems and Training		1,651		1,628
Space Systems		1,954		1,859
Total net sales	$	10,111	$	10,650
Operating profit
Aeronautics	$	371	$	393
Information Systems & Global Solutions		136		174
Missiles and Fire Control		292		358
Mission Systems and Training		219		250
Space Systems		288		254
Total business segment operating profit		1,306		1,429
Unallocated items
FAS/CAS pension adjustment
FAS pension expense		(284)		(313)
Less: CAS pension cost		403		399
FAS/CAS pension adjustment		119		86
Stock-based compensation		(40)		(48)
Other, net		(29)		(35)
Total unallocated items		50		3
Total consolidated operating profit	$	1,356	$	1,432
Intersegment sales
Aeronautics	$	19	$	27
Information Systems & Global Solutions		185		176
Missiles and Fire Control		90		87
Mission Systems and Training		292		315
Space Systems		29		27
Total intersegment sales	$	615	$	632

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

	March 29, 2015		December 31, 2014
Assets
Aeronautics	$	6,655	$	6,021
Information Systems & Global Solutions		6,146		6,228
Missiles and Fire Control		4,030		4,050
Mission Systems and Training		6,291		6,277
Space Systems		4,043		3,914
Total business segment assets		27,165		26,490
Corporate assets (a)		12,587		10,583
Total assets	$	39,752	$	37,073

^(a)  Corporate assets primarily include cash and cash equivalents, deferred income taxes, environmental receivables and investments held in a separate trust to fund certain of our non-qualified deferred compensation plans.