Lockheed Martin 2013 Annual Report Download - page 76

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Selected Financial Data by Business Segment
Summary operating results for each of our business segments were as follows (in millions):
2013 2012 2011
Net sales
Aeronautics $14,123 $14,953 $14,362
Information Systems & Global Solutions 8,367 8,846 9,381
Missiles and Fire Control 7,757 7,457 7,463
Mission Systems and Training 7,153 7,579 7,132
Space Systems 7,958 8,347 8,161
Total net sales $45,358 $47,182 $46,499
Operating profit
Aeronautics $ 1,612 $ 1,699 $ 1,630
Information Systems & Global Solutions 759 808 874
Missiles and Fire Control 1,431 1,256 1,069
Mission Systems and Training 905 737 645
Space Systems 1,045 1,083 1,063
Total business segment operating profit 5,752 5,583 5,281
Unallocated expenses, net
FAS/CAS pension expense (482) (830) (922)
Goodwill impairment charge (a) (195) ——
Severance charges (b) (201) (48) (136)
Stock-based compensation (189) (167) (157)
Other, net (180) (104) (46)
Total unallocated expenses, net (1,247) (1,149) (1,261)
Total consolidated operating profit $ 4,505 $ 4,434 $ 4,020
Intersegment sales
Aeronautics $ 195 $ 197 $ 193
Information Systems & Global Solutions 687 838 864
Missiles and Fire Control 273 298 304
Mission Systems and Training 991 908 958
Space Systems 101 107 113
Total intersegment sales $ 2,247 $ 2,348 $ 2,432
Depreciation and amortization
Aeronautics $ 318 $ 311 $ 345
Information Systems & Global Solutions 94 92 83
Missiles and Fire Control 98 104 102
Mission Systems and Training 174 179 174
Space Systems 199 191 199
Total business segment depreciation and amortization 883 877 903
Corporate activities 107 111 105
Total depreciation and amortization $ 990 $ 988 $ 1,008
Capital expenditures
Aeronautics $ 271 $ 271 $ 361
Information Systems & Global Solutions 64 78 71
Missiles and Fire Control 128 128 119
Mission Systems and Training 132 158 161
Space Systems 170 167 192
Total business segment capital expenditures 765 802 904
Corporate activities 71 140 83
Total capital expenditures $ 836 $ 942 $ 987
(a) We recognized a non-cash goodwill impairment charge related to the Technical Services reporting unit within our MFC business
segment. See Note 1 for more information.
(b) See Note 2 for information on charges related to certain severance actions at our business segments and Corporate Headquarters.
Severance charges for initiatives that are not significant are included in business segment operating profit.
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