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Q. BUSINESS GROUP INFORMATION
We operate in four business groups: Aerospace, Combat Systems, Information Systems and Technology and Marine Systems. We organize our
business groups in accordance with the nature of products and services offered. We measure each group’s profitability based on operating earnings.
As a result, we do not allocate net interest, other income and expense items, and income taxes to our business groups.
Summary financial information for each of our business groups follows:
Revenue Operating Earnings Revenue from U.S. Government
Year Ended December 31 2015 2014 2013 2015 2014 2013 2015 2014 2013
Aerospace $ 8,851 $ 8,649 $ 8,118 $ 1,706 $ 1,611 $ 1,416 $ 104 $ 99 $ 98
Combat Systems 5,640 5,732 5,832 882 862 908 2,583 2,970 4,057
Information Systems and Technology 8,965 9,159 10,268 903 785 795 7,856 7,985 8,572
Marine Systems 8,013 7,312 6,712 728 703 666 7,438 6,901 6,536
Corporate* – – – (41) (72) (96) – – –
Total $ 31,469 $ 30,852 $ 30,930 $ 4,178 $ 3,889 $ 3,689 $ 17,981 $ 17,955 $ 19,263
Identifiable Assets Capital Expenditures Depreciation and Amortization
Year Ended December 31 2015 2014 2013 2015 2014 2013 2015 2014 2013
Aerospace $ 8,358 $ 8,245 $ 8,005 $ 210 $ 227 $ 250 $ 147 $ 137 $ 123
Combat Systems 8,800 9,487 9,002 79 46 50 91 100 113
Information Systems and Technology 8,577 9,064 9,432 73 54 52 131 146 178
Marine Systems 2,970 3,110 3,088 166 124 83 106 106 103
Corporate* 3,292 5,431 5,946 41 70 1778
Total $ 31,997 $ 35,337 $ 35,473 $ 569 $ 521 $ 436 $ 482 $ 496 $ 525
* Corporate operating results consist primarily of stock option expense. Corporate identifiable assets are primarily cash and equivalents.
The following table presents our revenue by geographic area based on the location of our customers:
Year Ended December 31 2015 2014 2013
North America:
United States $ 23,257 $ 23,222 $ 24,646
Other 1,080 1,174 959
Total North America 24,337 24,396 25,605
Europe 2,485 2,410 2,795
Asia/Pacific 1,678 1,608 1,466
Africa/Middle East 2,508 2,163 736
South America 461 275 328
Total revenue $ 31,469 $ 30,852 $ 30,930
Our revenue from non-U.S. operations was $3.7 billion in 2015, $3.6 billion in 2014 and $3.3 billion in 2013. The long-lived assets associated
with these operations were 5 percent of our total long-lived assets on December 31, 2015, and 6 percent on December 31, 2014.
R. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS
The fixed-rate notes described in Note J are fully and unconditionally guaranteed on an unsecured, joint and several basis by certain of our 100-
percent-owned subsidiaries (the guarantors). The following condensed consolidating financial statements illustrate the composition of the parent, the
guarantors on a combined basis (each guarantor together with its majority-owned subsidiaries) and all other subsidiaries on a combined basis.
General Dynamics Annual Report 2015 61