v3.25.3
Segment Information
 9 Months Ended
Sep. 28, 2025
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
We have four operating segments: Aerospace, Marine Systems, Combat Systems and Technologies. We organize our segments in accordance with the nature of products and services offered. Our chief operating decision maker is our Chairman and Chief Executive Officer (CEO).
We measure each segment’s profitability based on operating earnings. Segment operating earnings exclude net interest and other income and expense items. The Chairman and CEO uses segment operating earnings as an input when assessing segment performance and when making decisions to allocate financial resources between segments. The Chairman and CEO uses operating earnings in assessing segment performance by comparing operating earnings to prior period results and plan-to-actual variances. The Chairman and CEO also uses forecasted expense information for each segment to manage operations.
Summary financial information for each of our segments follows:
Revenue (a)Other Segment Items (b)Operating Earnings
Three Months EndedSeptember 28, 2025September 29, 2024September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Aerospace$3,234 $2,482 $(2,804)$(2,177)$430 $305 
Marine Systems4,096 3,599 (3,805)(3,341)291 258 
Combat Systems2,252 2,212 (1,917)(1,887)335 325 
Technologies3,325 3,378 (2,998)(3,052)327 326 
Corporate (c)— — — — (52)(33)
Total$12,907 $11,671 $(11,524)$(10,457)$1,331 $1,181 
Nine Months Ended
Aerospace$9,322 $7,506 $(8,057)$(6,627)$1,265 $879 
Marine Systems11,905 10,383 (11,073)(9,648)832 735 
Combat Systems6,711 6,602 (5,761)(5,682)950 920 
Technologies10,233 9,887 (9,246)(8,946)987 941 
Corporate (c)— — — — (130)(102)
Total$38,171 $34,378 $(34,137)$(30,903)$3,904 $3,373 
(a)See Note B for additional revenue information by segment.
(b)Other segment items consist of material and labor costs, depreciation and amortization, and other overhead and G&A expenses.
(c)Corporate operating costs consisted primarily of equity-based compensation expense.
The following is additional summary financial information for each of our segments:
Capital ExpendituresDepreciation and Amortization*Identifiable Assets
Three Months EndedSeptember 28, 2025September 29, 2024September 28, 2025September 29, 2024September 28, 2025December 31, 2024
Aerospace$43 $53 $63 $52 $16,651 $16,192 
Marine Systems96 93 64 60 6,743 7,019 
Combat Systems35 31 27 30 11,295 10,275 
Technologies38 24 69 73 19,212 19,286 
Corporate— — 3 3 3,698 3,108 
Total$212 $201 $226 $218 $57,599 $55,880 
Nine Months Ended
Aerospace$106 $162 $182 $156 
Marine Systems295 267 194 176 
Combat Systems69 69 82 85 
Technologies79 61 205 220 
Corporate3 2 9 9 
Total$552 $561 $672 $646 
*    Depreciation and amortization by reportable segment is included within the other segment items expense caption.