0001193125-17-139189 | 10-Q | XBRL Viewer

FAS/CAS pension adjustment

$ 11,057

$ 10,368

Less: CAS pension cost

562

475

217

224

Stock-based compensation

(44)

Severance charges

(80)

Other, net

^[1],[2]

(75)

(56)

Total unallocated items

1,149

1,158

Qualified defined benefit pension plans

48,836

$ 47,806

FAS pension expense

(345)

(251)

Operating Segments

1,051

1,114

Operating Segments | Aeronautics

36,202

35,513

4,106

3,799

436

420

Operating Segments | Missiles and Fire Control

7,900

7,896

1,489

1,434

219

221

Operating Segments | Rotary and Mission Systems

4,322

4,000

3,101

3,004

108

229

Operating Segments | Space Systems

18,435

18,367

2,361

2,131

288

244

5,545

5,250

Intersegment elimination

Intersegment elimination | Aeronautics

561

591

Intersegment elimination | Missiles and Fire Control

Intersegment elimination | Rotary and Mission Systems

Intersegment elimination | Space Systems

439

447

$ 33

Corporate

Accumulated Other Comprehensive Income (Loss) [Line Items]

^[3]

$ 12,634

$ 12,293

[1]	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.
[2]	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.
[3]	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.

Summary of Financial Information for Each Business Segment (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
Segment Reporting Information [Line Items]
Equity method investment noncash asset impairment charge	$ 64
Information Systems & Global Solutions \| Restatement Adjustment
Segment Reporting Information [Line Items]
Corporate overhead costs		$ (35)

Inventories (Detail) - USD ($) $ in Millions	Mar. 26, 2017	Dec. 31, 2016
Inventory [Line Items]
Work-in-process, primarily related to long-term contracts and programs in progress	$ 8,090	$ 7,864
Spare parts, used aircraft and general stock materials	785	833
Other inventories	819	719
Total inventories	9,694	9,416
Less: customer advances and progress payments	(4,620)	(4,746)
Total inventories, net	$ 5,074	$ 4,670

Pretax Net Periodic Benefit Costs (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
Qualified defined benefit pension plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 205	$ 203
Interest cost	452	465
Expected return on plan assets	(602)	(667)
Recognized net actuarial losses	376	340
Amortization of net prior service costs	(86)	(90)
Total net periodic benefit cost	345	251
Retiree medical and life insurance plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	6
Interest cost	26	30
Expected return on plan assets	(32)	(34)
Recognized net actuarial losses	5	8
Amortization of net prior service costs	3	5
Total net periodic benefit cost	$ 7	$ 15

Postretirement Plans - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
Defined Benefit Plan Disclosure [Line Items]
Recognition of previously deferred postretirement benefit plan amounts, net of tax	$ 202,000,000	$ 173,000,000
Recognition of previously deferred postretirement benefit plan amounts, tax	110,000,000	95,000,000
Other postretirement benefit plans
Defined Benefit Plan Disclosure [Line Items]
Recognition of previously deferred postretirement benefit plan amounts, before tax	14,000,000	11,000,000
Qualified defined benefit pension plans
Defined Benefit Plan Disclosure [Line Items]
Contributions made by the employer	$ 0	$ 0

Legal Proceedings and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Apr. 30, 2015	Mar. 26, 2017	Dec. 31, 2016	Apr. 24, 2009
Legal Proceedings And Contingencies [Line Items]
Damages sought by plaintiff	$ 52
Liabilities recorded relative to environmental matters		$ 978	$ 1,000
Environmental costs eligible for future recovery		$ 842	870
Time period environmental costs and recovery of environmental costs are projected over, years		20 years
Outstanding letters of credit, surety bonds, and third-party guarantees		$ 3,700	3,700
Third-party guarantees outstanding		$ 694	$ 709
Percentage of total guarantees that relate to guarantees of contractual performance of joint ventures		58.00%	56.00%
N.Y. Metropolitan Transportation Authority
Legal Proceedings And Contingencies [Line Items]
Damages sought by plaintiff		$ 190
Contract value				$ 323
Contract payments received to date		241
Claims for monetary damages against the plaintiff		$ 95
United Launch Alliance
Legal Proceedings And Contingencies [Line Items]
Percentage of ownership interest in affiliated entity		50.00%
Inventory supply agreement		$ 120

Fair Value, Assets and Liabilities Measured on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Mar. 26, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 23	$ 27
Derivative liabilities	106	85
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments measured on recurring basis	68	79
Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments measured on recurring basis	845	856
U.S. Government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments measured on recurring basis	104	113
Other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments measured on recurring basis	166	151
Other commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments measured at NAV	18
Fair value, inputs, level 1 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments measured on recurring basis	68	79
Fair value, inputs, level 1 \| Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments measured on recurring basis	845	856
Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	23	27
Derivative liabilities	106	85
Fair value, inputs, level 2 \| U.S. Government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments measured on recurring basis	104	113
Fair value, inputs, level 2 \| Other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments measured on recurring basis	$ 166	$ 151

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Mar. 26, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair values of debt instruments	$ 16,100	$ 16,200
Outstanding principal amount of debt instruments	15,300	15,300
Unamortized discounts and issuance costs	1,000	1,000
Interest rate swaps \| Designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Aggregate notional amount of derivatives	1,200	1,200
Derivative liability, fair value	5	1
Foreign currency contracts \| Designated as hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Aggregate notional amount of derivatives	4,200	4,000
Derivative liability, fair value	$ 78	$ 57

Other - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Mar. 26, 2017	Mar. 26, 2017	Mar. 27, 2016
Additional charge to costs		$ 120
Additional charge to costs, after tax		$ 74
Additional charge to costs, per share		$ 0.25
Cumulative losses including reserves	$ 260
Increase in operating profit due to profit rate adjustments		$ 290	$ 360
Increase in net earnings due to profit rate adjustments		$ 189	$ 234
Increase in diluted earnings per common share due to profit rate adjustments		$ 0.65	$ 0.76
Effective income tax rate		23.30%	18.90%
Percentage of reduction of effective tax rate due to equity awards tax benefit		6.20%	10.40%

Restructuring Charges - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 27, 2016 USD ($)
Restructuring Cost and Reserve [Line Items]
Severance charges	$ 99
Aeronautics
Restructuring Cost and Reserve [Line Items]
Severance charges	$ 80

Equity Method Investee Impairment - Additional Information (Detail) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 26, 2017 USD ($) $ / shares
Schedule of Equity Method Investments [Line Items]
Equity method investee impairment	$ 64
Equity method investee impairment, after tax	$ 40
Equity method investee impairment, per share \| $ / shares	$ 0.14

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016	Dec. 31, 2016
Shareholders Equity [Line Items]
Cash paid for repurchases of common stock	$ 500	$ 501
Number of shares of common stock repurchased with cash	1.9
Remaining authorized repurchase amount under share repurchase program	$ 3,000
Additional paid-in capital	$ 0		$ 0
Common stock par value, per share	$ 1		$ 1
Reduction to stockholder's equity due to repurchases of common stock	$ 500	501
Dividends declared	$ 531	$ 512
Dividends declared, per share (in USD)	$ 1.82	$ 1.65
Retained Earnings
Shareholders Equity [Line Items]
Reduction to stockholder's equity due to repurchases of common stock	$ 469	$ 496
Dividends declared	$ 531	$ 512

Stock-Based Compensation - Additional Information (Detail) - Restricted Stock Units (RSUs) shares in Millions	3 Months Ended
	Mar. 26, 2017 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock units, granted, in shares \| shares	0.5
Average grant date fair value per unit \| $ / shares	$ 254.53
Number of years over which equity awards vest	3 years

Changes in Balance of Accumulated Other Comprehensive Loss, Net of Income Taxes (Detail) - USD ($)
$ in Millions

3 Months Ended

Mar. 26, 2017

Mar. 27, 2016

Other comprehensive income before reclassifications

$ 1,606

$ 3,097

Recognition of net actuarial losses

258

^[1]

234

Amortization of net prior service credits

(56)

^[1]

(61)

Other

Total reclassified from AOCL

203

175

210

190

Postretirement Benefit Plan Adjustments

1,585

3,177

Accumulated Other Comprehensive Income (Loss) [Line Items]

Other comprehensive income before reclassifications

(11,981)

(11,314)

Recognition of net actuarial losses

258

^[1]

234

Amortization of net prior service credits

(56)

^[1]

(61)

Total reclassified from AOCL

202

173

205

173

Accumulated Other Comprehensive Income (Loss) [Line Items]

(11,776)

(11,141)

Other, net

Other comprehensive income before reclassifications

(121)

(130)

Total reclassified from AOCL

Other

AOCI Attributable to Parent

(116)

(113)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(12,102)

(11,444)

210

190