INFORMATION ON BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 26, 2017

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 26,     2017		March 27,     2016
Net sales
Aeronautics	$	4,106	$	3,799
Missiles and Fire Control		1,489		1,434
Rotary and Mission Systems		3,101		3,004
Space Systems		2,361		2,131
Total net sales	$	11,057	$	10,368
Operating profit
Aeronautics	$	436	$	420
Missiles and Fire Control		219		221
Rotary and Mission Systems		108		229
Space Systems		288		244
Total business segment operating profit		1,051		1,114
Unallocated items
FAS/CAS pension adjustment
FAS pension expense		(345)		(251)
Less: CAS pension cost		562		475
FAS/CAS pension adjustment		217		224
Stock-based compensation		(44)		(44)
Severance charges		—		(80)
Other, net (a) (b)		(75)		(56)
Total unallocated items		98		44
Total consolidated operating profit	$	1,149	$	1,158
Intersegment sales
Aeronautics	$	32	$	36
Missiles and Fire Control		64		75
Rotary and Mission Systems		439		447
Space Systems		26		33
Total intersegment sales	$	561	$	591

^(a) In the first quarter of 2017, we recognized a $64 million charge, which represents our portion of a noncash asset impairment charge recorded by an international equity method investee. See “Note 9 – Other” (under the caption “Equity Method Investee Impairment”) for more information.

^(b) As a result of the IS&GS divestiture in August 2016, we reclassified $35 million of general corporate overhead costs incurred in the first quarter of 2016 and previously allocated to the IS&GS business segment. These costs were not reported as discontinued operations because they were not directly attributable to the IS&GS business and will continue to be incurred by us. See “Note 3 – Divestitures” for more information.

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

	March 26, 2017		December 31,   2016
Assets
Aeronautics	$	7,900	$	7,896
Missiles and Fire Control		4,322		4,000
Rotary and Mission Systems		18,435		18,367
Space Systems		5,545		5,250
Total business segment assets		36,202		35,513
Corporate assets (a)		12,634		12,293
Total assets	$	48,836	$	47,806

^(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.