Lockheed Martin 2007 Annual Report Download - page 101

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Selected Financial Data by Business Segment (continued)
(In millions) 2007 2006 2005
Assets (c)
Aeronautics $ 3,014 $ 3,140 $ 3,018
Electronic Systems 8,500 8,217 8,397
Information Systems & Global Services 7,477 7,054 5,465
Space Systems 2,977 2,913 3,110
Total business segments 21,968 21,324 19,990
Corporate activities (d) 6,958 6,907 7,754
Total $28,926 $28,231 $27,744
Goodwill
Aeronautics $ 148 $ 148 $ 148
Electronic Systems 4,518 4,505 4,499
Information Systems & Global Services 4,265 4,141 3,291
Space Systems 456 456 509
Total $ 9,387 $ 9,250 $ 8,447
Customer advances and amounts in excess of costs incurred
Aeronautics $ 1,833 $ 1,816 $ 1,523
Electronic Systems 1,842 1,374 1,457
Information Systems & Global Services 203 272 223
Space Systems 376 394 1,128
Total $ 4,254 $ 3,856 $ 4,331
(a) Operating profit included equity in net earnings (losses) of equity investees as follows:
(In millions) 2007 2006 2005
Aeronautics $25 $17 $10
Electronic Systems 58 29 25
Information Systems & Global Services 664
Space Systems 134 78 72
Total business segments 223 130 111
Corporate activities (20) — (3)
Total $203 $130 $108
(b) Net Unallocated Corporate expense, net includes the following:
(In millions) 2007 2006 2005
FAS/CAS pension adjustment $ (58) $(275) $(626)
Items not considered in segment operating performance 71 230 173
Stock-based compensation (149) (111) —
Other (28) (105) (115)
$(164) $(261) $(568)
For information regarding the items not considered in management’s evaluation of segment operating performance, see Notes 2, 7, 8
and 9 to the consolidated financial statements.
(c) We have no significant long-lived assets located in foreign countries.
(d) Assets primarily include Cash and cash equivalents, Short-term investments, Deferred income taxes and the Prepaid pension asset.
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