Raytheon 2009 Annual Report Download - page 124

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
The FAS/CAS Pension Adjustment, which we report as a separate line item in our segment results above, represents the
difference between our pension expense or income under FAS in accordance with GAAP and our pension expense under
CAS. GAAP outlines the methodology used to determine pension expense or income for financial reporting purposes,
which is not necessarily indicative of the funding requirements for pension plans that we determine by other factors. CAS
prescribes the allocation to and recovery of pension costs on U.S. Government contracts and is a major factor in
determining our pension funding requirements. The results of each segment only include pension expense as determined
under CAS that we generally recover through the pricing of our products and services to the U.S. Government.
Intersegment Operating Income (In millions) 2009 2008 2007
Integrated Defense Systems $8 $9 $10
Intelligence and Information Systems 243
Missile Systems 723
Network Centric Systems 41 31 38
Space and Airborne Systems 52 56 54
Technical Services 63 64 52
Total $173 $166 $160
The following table reconciles operating income to income from continuing operations before taxes:
(In millions) 2009 2008 2007
Operating income $3,042 $ 2,620 $ 2,354
Non-operating expense, net (112) (98) (103)
Income from continuing operations before taxes $2,930 $ 2,522 $ 2,251
Capital Expenditures (In millions) 2009 2008 2007
Integrated Defense Systems $52$63$62
Intelligence and Information Systems 23 24 30
Missile Systems 49 52 54
Network Centric Systems 64 85 61
Space and Airborne Systems 60 58 78
Technical Services 512 5
Corporate 27 10 23
Total $ 280 $ 304 $ 313
Depreciation and Amortization (In millions) 2009 2008 2007
Integrated Defense Systems $68$65$62
Intelligence and Information Systems 43 45 29
Missile Systems 55 52 47
Network Centric Systems 77 68 70
Space and Airborne Systems 82 81 82
Technical Services 17 18 18
Corporate 60 61 64
Total $ 402 $ 390 $ 372
Identifiable Assets (In millions) 2009 2008
Integrated Defense Systems $ 1,943 $ 1,858
Intelligence and Information Systems 2,391 2,293
Missile Systems 4,858 4,824
Network Centric Systems 4,199 3,769
Space and Airborne Systems 4,236 4,259
Technical Services 1,340 1,358
Corporate 4,640 4,773
Total $23,607 $23,134
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