BUSINESS SEGMENTS INFORMATION (Tables)

9 Months Ended

Sep. 25, 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				Nine Months Ended
	September 25, 2016		September 27, 2015		September 25, 2016		September 27, 2015
Net sales
Aeronautics	$	4,188	$	3,921	$	12,362	$	11,186
Missiles and Fire Control		1,737		1,769		4,851		4,801
Rotary and Mission Systems		3,346		2,162		9,653		6,306
Space Systems		2,280		2,208		6,630		6,723
Total net sales	$	11,551	$	10,060	$	33,496	$	29,016
Operating profit
Aeronautics	$	437	$	418	$	1,335	$	1,233
Missiles and Fire Control		289		316		763		895
Rotary and Mission Systems		247		245		678		687
Space Systems		450		265		1,034		883
Total business segment operating profit		1,423		1,244		3,810		3,698
Unallocated items
FAS pension expense (a)		(256)		(280)		(758)		(841)
Less: CAS pension cost (a)		482		382		1,430		1,146
FAS/CAS pension adjustment (a)		226		102		672		305
Stock-based compensation		(28)		(27)		(124)		(112)
Severance charges		—		(15)		(80)		(15)
Other, net		(33)		(112)		(157)		(264)
Total unallocated items		165		(52)		311		(86)
Total consolidated operating profit	$	1,588	$	1,192	$	4,121	$	3,612
Intersegment sales
Aeronautics	$	30	$	22	$	105	$	68
Missiles and Fire Control		81		86		225		241
Rotary and Mission Systems		469		364		1,382		1,066
Space Systems		21		39		90		108
Total intersegment sales	$	601	$	511	$	1,802	$	1,483

^(a)  FAS pension expense and CAS pension costs reflect the reclassification for discontinued operations presentation of benefits related to former IS&GS salaried employees (See Note 7).

Selected Financial Data By Business Segment

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

	September 25, 2016		December 31, 2015
Assets
Aeronautics	$	8,012	$	6,618
Missiles and Fire Control		3,950		4,027
Rotary and Mission Systems		18,978		19,187
Space Systems		5,396		4,861
Total business segment assets		36,336		34,693
Assets of discontinued operations		—		4,130
Corporate assets (a)		12,403		10,481
Total assets	$	48,739	$	49,304

^(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.