Lockheed Martin 2003 Annual Report Download - page 69

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Lockheed Martin Corporation
67
Selected Financial Data by Business Segment (continued)
(In millions) 2003 2002 2001
AMORTIZATION OF
PURCHASED INTANGIBLES
Aeronautics $50$50$ 51
Electronic Systems 47 49 47
Space Systems 878
Integrated Systems & Solutions 14 12 13
Information & Technology Services 875
Total business segments 127 125 124
Other 2—30
$ 129 $ 125 $ 154
EXPENDITURES FOR PROPERTY,
PLANT AND EQUIPMENT(c)
Aeronautics $ 210 $ 205 $ 142
Electronic Systems 204 200 184
Space Systems 143 147 112
Integrated Systems & Solutions 35 34 38
Information & Technology Services 41 44 30
Total business segments 633 630 506
Other 54 22 39
$ 687 $ 652 $ 545
ASSETS(d)
Aeronautics $ 3,061 $ 2,835 $ 3,017
Electronic Systems 8,740 8,697 8,685
Space Systems 2,986 3,147 3,916
Integrated Systems & Solutions 2,223 2,070 2,219
Information & Technology Services 2,342 1,634 1,911
Total business segments 19,352 18,383 19,748
Other(e) 6,823 8,596 7,966
$ 26,175 $26,979 $ 27,714
GOODWILL
Aeronautics $—$—$ —
Electronic Systems 5,075 5,075 5,075
Space Systems 453 453 453
Integrated Systems & Solutions 1,357 1,311 1,311
Information & Technology Services 994 541 532
$ 7,879 $ 7,380 $ 7,371
(In millions) 2003 2002 2001
CUSTOMER ADVANCES AND
AMOUNTS IN EXCESS OF
COSTS INCURRED
Aeronautics $ 2,049 $ 2,408 $ 2,406
Electronic Systems 1,049 816 766
Space Systems 1,042 1,238 1,701
Integrated Systems & Solutions 98 57 114
Information & Technology Services 16 19 15
Total business segments 4,254 4,538 5,002
Other 24—
$ 4,256 $ 4,542 $ 5,002
(a) Operating profit included equity in earnings of equity investees as follows:
(In millions) 2003 2002 2001
Space Systems $51 $39 $ 51
Information & Technology Services 15 10 10
Total business segments 66 49 61
Other 41 44 7
$ 107 $93 $ 68
(b) Unallocated Corporate (expense) income, net includes the following:
(In millions) 2003 2002 2001
FAS/CAS pension adjustment $(300) $ 243 $ 360
Items not considered in segment
operating performance (153) (1,112) (973)
Other 4711
$(449) $(862) $ (602)
For information regarding the items not considered in management’s eval-
uation of segment operating performance, see Notes 2, 3, 6, 8, 9 and 11 to
the consolidated financial statements.
(c) Amounts exclude expenditures related to discontinued businesses totaling
$10 million in 2002 and $74 million in 2001.
(d) The Corporation has no significant long-lived assets located in foreign
countries.
(e) Assets primarily include cash, investments, assets held for sale, deferred
income taxes and the prepaid pension asset.