BUSINESS SEGMENTS INFORMATION (Tables)

6 Months Ended

Jun. 26, 2016

Summary of Financial Information For Each Business Segment

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

	Quarters Ended				Six Months Ended
	June 26, 2016		June 28, 2015		June 26, 2016		June 28, 2015
Net sales
Aeronautics	$	4,375	$	4,131	$	8,174	$	7,265
Information Systems & Global Solutions		1,337		1,408		2,671		2,798
Missiles and Fire Control		1,680		1,649		3,114		3,032
Mission Systems and Training		3,303		2,165		6,307		4,144
Space Systems		2,219		2,290		4,350		4,515
Total net sales	$	12,914	$	11,643	$	24,616	$	21,754
Operating profit
Aeronautics	$	478	$	444	$	898	$	815
Information Systems & Global Solutions		151		107		260		252
Missiles and Fire Control		253		293		474		579
Mission Systems and Training		202		262		431		442
Space Systems		340		294		584		618
Total business segment operating profit		1,424		1,400		2,647		2,706
Unallocated items
FAS/CAS pension adjustment
FAS pension expense		(254)		(284)		(508)		(568)
Less: CAS pension cost		497		404		997		807
FAS/CAS pension adjustment		243		120		489		239
Stock-based compensation		(53)		(49)		(97)		(89)
Severance charges		—		—		(99)		—
Other, net		(48)		(26)		(77)		(55)
Total unallocated items		142		45		216		95
Total consolidated operating profit	$	1,566	$	1,445	$	2,863	$	2,801
Intersegment sales
Aeronautics	$	39	$	26	$	74	$	46
Information Systems & Global Solutions		29		3		53		5
Missiles and Fire Control		69		81		144		155
Mission Systems and Training		462		384		907		703
Space Systems		36		35		69		68
Total intersegment sales	$	635	$	529	$	1,247	$	977

Selected Financial Data By Business Segment

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

	June 26, 2016		December 31, 2015
Assets
Aeronautics	$	7,768	$	6,618
Information Systems & Global Solutions		4,103		4,206
Missiles and Fire Control		4,003		4,027
Mission Systems and Training		19,008		19,187
Space Systems		5,056		4,861
Total business segment assets		39,938		38,899
Corporate assets (a)		10,470		10,229
Total assets	$	50,408	$	49,128

^(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.