| Schedule of Operating Results and Total Assets for Each Business Segment |
Summary operating results for each of our business segments were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarters Ended | Six Months Ended | | | June 28,
2026 | | June 29,
2025 | June 28,
2026 | | June 29,
2025 | | Sales | | | | | | | | | | | | | Aeronautics | | $ | 8,112 | | | | $ | 7,420 | | | $ | 15,065 | | | | $ | 14,477 | | | | Missiles and Fire Control | | 4,101 | | | | 3,433 | | | 7,750 | | | | 6,806 | | | | Rotary and Mission Systems | | 4,354 | | | | 3,995 | | | 8,345 | | | | 8,323 | | | | Space | | 3,496 | | | | 3,307 | | | 6,924 | | | | 6,512 | | | | Total sales | | $ | 20,063 | | | | $ | 18,155 | | | $ | 38,084 | | | | $ | 36,118 | | | Other segment items (a) | | | | | | | | | | | | | Aeronautics | | $ | 7,352 | | | | $ | 7,518 | | | $ | 13,686 | | | | $ | 13,855 | | | | Missiles and Fire Control | | 3,507 | | | | 2,954 | | | 6,656 | | | | 5,862 | | | | Rotary and Mission Systems | | 3,917 | | | | 4,167 | | | 7,485 | | | | 7,974 | | | | Space | | 3,125 | | | | 2,945 | | | 6,272 | | | | 5,771 | | | | Total other segment items | | $ | 17,901 | | | | $ | 17,584 | | | $ | 34,099 | | | | $ | 33,462 | | | Operating profit (loss) | | | | | | | | | | | | | Aeronautics | | $ | 760 | | | | $ | (98) | | | $ | 1,379 | | | | $ | 622 | | | | Missiles and Fire Control | | 594 | | | | 479 | | | 1,094 | | | | 944 | | | | Rotary and Mission Systems | | 437 | | | | (172) | | | 860 | | | | 349 | | | | Space | | 371 | | | | 362 | | | 652 | | | | 741 | | | | Total business segment operating profit | | $ | 2,162 | | | | $ | 571 | | | $ | 3,985 | | | | $ | 2,656 | | | | Unallocated items | | | | | | | | | | | | | FAS/CAS pension operating adjustment | | $ | 422 | | | | $ | 379 | | | $ | 843 | | | | $ | 758 | | | Impairment and other charges | | — | | | | (66) | | | — | | | | (66) | | | | Intangible asset amortization expense | | (50) | | | | (63) | | | (100) | | | | (127) | | | Other, net | | (55) | | | | (73) | | | (186) | | | | (101) | | | | Total unallocated items | | 317 | | | | 177 | | | 557 | | | | 464 | | | | Total consolidated operating profit | | $ | 2,479 | | | | $ | 748 | | | $ | 4,542 | | | | $ | 3,120 | | | | Intersegment sales | | | | | | | | | | | | | Aeronautics | | $ | 112 | | | | $ | 97 | | | $ | 205 | | | | $ | 186 | | | | Missiles and Fire Control | | 252 | | | | 231 | | | 490 | | | | 398 | | | | Rotary and Mission Systems | | 662 | | | | 632 | | | 1,257 | | | | 1,198 | | | | Space | | 79 | | | | 84 | | | 160 | | | | 167 | | | | Total intersegment sales | | $ | 1,105 | | | | $ | 1,044 | | | $ | 2,112 | | | | $ | 1,949 | | |
(a)Other segment items include operating costs and expenses plus certain immaterial items, such as other income (primarily equity earnings). The total FAS/CAS pension adjustments, including the service and non-service cost components of FAS pension expense for our qualified defined benefit pension plans, were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarters Ended | | Six Months Ended | | | June 28,
2026 | | June 29,
2025 | | June 28,
2026 | | June 29,
2025 | Total FAS pension expense and CAS cost | | | | | | | | | | | | | FAS pension expense | | $ | (92) | | | | $ | (112) | | | | $ | (184) | | | | $ | (223) | | | | Less: CAS pension cost | | 434 | | | | 392 | | | | 867 | | | | 784 | | | | Total FAS/CAS pension adjustment | | $ | 342 | | | | $ | 280 | | | | $ | 683 | | | | $ | 561 | | | | | | | | | | | | | | | | | Service and non-service cost reconciliation | | | | | | | | | | | | | | FAS pension service cost | | $ | (12) | | | | $ | (13) | | | | $ | (24) | | | | $ | (26) | | | | Less: CAS pension cost | | 434 | | | | 392 | | | | 867 | | | | 784 | | | | Total FAS/CAS pension operating adjustment | | 422 | | | | 379 | | | | 843 | | | | 758 | | | Non-service FAS pension expense | | (80) | | | | (99) | | | | (160) | | | | (197) | | | | Total FAS/CAS pension adjustment | | $ | 342 | | | | $ | 280 | | | | $ | 683 | | | | $ | 561 | | |
Sales by products and services, contract type, customer, and geographic region were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended June 28, 2026 | | | Aeronautics | | MFC | | RMS | | Space | | Total | | Sales | | | | | | | | | | | | Products | | $ | 6,608 | | | $ | 3,700 | | | $ | 3,516 | | | $ | 2,959 | | | $ | 16,783 | | | Services | | 1,504 | | | 401 | | | 838 | | | 537 | | | 3,280 | | | Total sales | | $ | 8,112 | | | $ | 4,101 | | | $ | 4,354 | | | $ | 3,496 | | | $ | 20,063 | | | Sales by contract type | | | | | | | | | | | | Fixed-price | | $ | 5,528 | | | $ | 3,058 | | | $ | 2,592 | | | $ | 893 | | | $ | 12,071 | | | Cost-reimbursable | | 2,584 | | | 1,043 | | | 1,762 | | | 2,603 | | | 7,992 | | | Total sales | | $ | 8,112 | | | $ | 4,101 | | | $ | 4,354 | | | $ | 3,496 | | | $ | 20,063 | | | Sales by customer | | | | | | | | | | | | U.S. Government | | $ | 4,745 | | | $ | 3,234 | | | $ | 2,739 | | | $ | 3,409 | | | $ | 14,127 | | International (a) | | 3,362 | | | 866 | | | 1,567 | | | 80 | | | 5,875 | | | U.S. commercial and other | | 5 | | | 1 | | | 48 | | | 7 | | | 61 | | | Total sales | | $ | 8,112 | | | $ | 4,101 | | | $ | 4,354 | | | $ | 3,496 | | | $ | 20,063 | | | Sales by geographic region | | | | | | | | | | | | United States | | $ | 4,750 | | | $ | 3,235 | | | $ | 2,787 | | | $ | 3,416 | | | $ | 14,188 | | | Europe | | 1,729 | | | 503 | | | 539 | | | 31 | | | 2,802 | | | Asia Pacific | | 1,143 | | | 204 | | | 587 | | | 49 | | | 1,983 | | | Middle East | | 126 | | | 127 | | | 131 | | | — | | | 384 | | | Other | | 364 | | | 32 | | | 310 | | | — | | | 706 | | | Total sales | | $ | 8,112 | | | $ | 4,101 | | | $ | 4,354 | | | $ | 3,496 | | | $ | 20,063 | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 28, 2026 | | | Aeronautics | | MFC | | RMS | | Space | | Total | | Sales | | | | | | | | | | | | Products | | $ | 12,113 | | | $ | 7,023 | | | $ | 6,688 | | | $ | 5,790 | | | $ | 31,614 | | | Services | | 2,952 | | | 727 | | | 1,657 | | | 1,134 | | | 6,470 | | | Total sales | | $ | 15,065 | | | $ | 7,750 | | | $ | 8,345 | | | $ | 6,924 | | | $ | 38,084 | | | Sales by contract type | | | | | | | | | | | | Fixed-price | | $ | 10,025 | | | $ | 5,719 | | | $ | 4,922 | | | $ | 1,815 | | | $ | 22,481 | | | Cost-reimbursable | | 5,040 | | | 2,031 | | | 3,423 | | | 5,109 | | | 15,603 | | | Total sales | | $ | 15,065 | | | $ | 7,750 | | | $ | 8,345 | | | $ | 6,924 | | | $ | 38,084 | | | Sales by customer | | | | | | | | | | | | U.S. Government | | $ | 8,878 | | | $ | 5,606 | | | $ | 5,207 | | | $ | 6,746 | | | $ | 26,437 | | International (a) | | 6,171 | | | 2,143 | | | 3,040 | | | 163 | | | 11,517 | | | U.S. commercial and other | | 16 | | | 1 | | | 98 | | | 15 | | | 130 | | | Total sales | | $ | 15,065 | | | $ | 7,750 | | | $ | 8,345 | | | $ | 6,924 | | | $ | 38,084 | | | Sales by geographic region | | | | | | | | | | | | United States | | $ | 8,894 | | | $ | 5,607 | | | $ | 5,305 | | | $ | 6,761 | | | $ | 26,567 | | | Europe | | 3,166 | | | 1,090 | | | 1,110 | | | 61 | | | 5,427 | | | Asia Pacific | | 2,050 | | | 480 | | | 1,029 | | | 93 | | | 3,652 | | | Middle East | | 351 | | | 517 | | | 301 | | | 9 | | | 1,178 | | | Other | | 604 | | | 56 | | | 600 | | | — | | | 1,260 | | | Total sales | | $ | 15,065 | | | $ | 7,750 | | | $ | 8,345 | | | $ | 6,924 | | | $ | 38,084 | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended June 29, 2025 | | | Aeronautics | | MFC | | RMS | | Space | | Total | | Sales | | | | | | | | | | | | Products | | $ | 5,960 | | | $ | 3,065 | | | $ | 3,332 | | | $ | 2,792 | | | $ | 15,149 | | | Services | | 1,460 | | | 368 | | | 663 | | | 515 | | | 3,006 | | | Total sales | | $ | 7,420 | | | $ | 3,433 | | | $ | 3,995 | | | $ | 3,307 | | | $ | 18,155 | | | Sales by contract type | | | | | | | | | | | | Fixed-price | | $ | 4,912 | | | $ | 2,447 | | | $ | 2,295 | | | $ | 912 | | | $ | 10,566 | | | Cost-reimbursable | | 2,508 | | | 986 | | | 1,700 | | | 2,395 | | | 7,589 | | | Total sales | | $ | 7,420 | | | $ | 3,433 | | | $ | 3,995 | | | $ | 3,307 | | | $ | 18,155 | | | Sales by customer | | | | | | | | | | | | U.S. Government | | $ | 4,646 | | | $ | 2,440 | | | $ | 2,858 | | | $ | 3,227 | | | $ | 13,171 | | International (a) | | 2,766 | | | 990 | | | 1,085 | | | 75 | | | 4,916 | | | U.S. commercial and other | | 8 | | | 3 | | | 52 | | | 5 | | | 68 | | | Total sales | | $ | 7,420 | | | $ | 3,433 | | | $ | 3,995 | | | $ | 3,307 | | | $ | 18,155 | | | Sales by geographic region | | | | | | | | | | | | United States | | $ | 4,654 | | | $ | 2,443 | | | $ | 2,910 | | | $ | 3,232 | | | $ | 13,239 | | | Europe | | 1,404 | | | 381 | | | 279 | | | 22 | | | 2,086 | | | Asia Pacific | | 984 | | | 223 | | | 601 | | | 49 | | | 1,857 | | | Middle East | | 159 | | | 375 | | | 219 | | | 4 | | | 757 | | | Other | | 219 | | | 11 | | | (14) | | | — | | | 216 | | | Total sales | | $ | 7,420 | | | $ | 3,433 | | | $ | 3,995 | | | $ | 3,307 | | | $ | 18,155 | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 29, 2025 | | | Aeronautics | | MFC | | RMS | | Space | | Total | | Sales | | | | | | | | | | | | Products | | $ | 11,706 | | | $ | 6,082 | | | $ | 6,828 | | | $ | 5,469 | | | $ | 30,085 | | | Services | | 2,771 | | | 724 | | | 1,495 | | | 1,043 | | | 6,033 | | | Total sales | | $ | 14,477 | | | $ | 6,806 | | | $ | 8,323 | | | $ | 6,512 | | | $ | 36,118 | | | Sales by contract type | | | | | | | | | | | | Fixed-price | | $ | 9,625 | | | $ | 4,887 | | | $ | 4,955 | | | $ | 1,854 | | | $ | 21,321 | | | Cost-reimbursable | | 4,852 | | | 1,919 | | | 3,368 | | | 4,658 | | | 14,797 | | | Total sales | | $ | 14,477 | | | $ | 6,806 | | | $ | 8,323 | | | $ | 6,512 | | | $ | 36,118 | | | Sales by customer | | | | | | | | | | | | U.S. Government | | $ | 9,288 | | | $ | 4,831 | | | $ | 5,645 | | | $ | 6,356 | | | $ | 26,120 | | International (a) | | 5,171 | | | 1,968 | | | 2,553 | | | 146 | | | 9,838 | | | U.S. commercial and other | | 18 | | | 7 | | | 125 | | | 10 | | | 160 | | | Total sales | | $ | 14,477 | | | $ | 6,806 | | | $ | 8,323 | | | $ | 6,512 | | | $ | 36,118 | | | Sales by geographic region | | | | | | | | | | | | United States | | $ | 9,306 | | | $ | 4,838 | | | $ | 5,770 | | | $ | 6,366 | | | $ | 26,280 | | | Europe | | 2,651 | | | 776 | | | 583 | | | 44 | | | 4,054 | | | Asia Pacific | | 1,824 | | | 447 | | | 1,234 | | | 96 | | | 3,601 | | | Middle East | | 307 | | | 717 | | | 431 | | | 6 | | | 1,461 | | | Other | | 389 | | | 28 | | | 305 | | | — | | | 722 | | | Total sales | | $ | 14,477 | | | $ | 6,806 | | | $ | 8,323 | | | $ | 6,512 | | | $ | 36,118 | | | | | | | | | | | | |
(a)International sales include foreign military sales (FMS) contracted through the U.S. Government and direct commercial sales to international governments and other international customers. Total assets for each of our business segments were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | June 28,
2026 | | December 31,
2025 | | Assets | | | | | | | | Aeronautics | | $ | 15,840 | | | | $ | 14,673 | | | | MFC | | 8,164 | | | | 6,304 | | | | RMS | | 16,602 | | | | 16,576 | | | | Space | | 7,998 | | | | 7,755 | | | | Total business segment assets | | 48,604 | | | | 45,308 | | | Corporate assets (a) | | 13,846 | | | | 14,532 | | | | Total assets | | $ | 62,450 | | | | $ | 59,840 | | |
(a)Corporate assets primarily include cash and cash equivalents, deferred income taxes, assets held in a trust for deferred compensation plans, capitalized software, assets for the portion of environmental costs that are probable of future recovery, property, plant and equipment used in our corporate operations, and other marketable investments.
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