Raytheon 2011 Annual Report Download - page 56

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48
Segment financial results were as follows:
Total Net Sales (In millions)
Integrated Defense Systems
Intelligence and Information Systems
Missile Systems
Network Centric Systems
Space and Airborne Systems
Technical Services
Corporate and Eliminations
Total
2011
$ 4,958
3,015
5,590
4,497
5,255
3,353
(1,811)
$24,857
2010
$ 5,470
2,757
5,732
4,918
4,830
3,472
(1,996)
$25,183
2009
$ 5,525
3,204
5,561
4,822
4,582
3,161
(1,974)
$24,881
Operating Income (In millions)
Integrated Defense Systems
Intelligence and Information Systems
Missile Systems
Network Centric Systems
Space and Airborne Systems
Technical Services
FAS/CAS Adjustment
Corporate and Eliminations
Total
2011
$ 836
159
693
667
717
312
(337)
(190)
$ 2,857
2010
$ 870
(157)
650
692
676
297
(187)
(234)
$ 2,607
2009
$ 847
252
599
663
635
212
80
(246)
$ 3,042
Bookings (In millions)
Integrated Defense Systems
Intelligence and Information Systems
Missile Systems
Network Centric Systems
Space and Airborne Systems
Technical Services
Total
2011
$ 6,392
3,217
5,948
3,632
4,592
2,774
$26,555
2010
$ 3,269
3,709
6,485
4,034
4,321
2,631
$24,449
2009
$ 5,969
2,529
5,548
3,933
4,446
2,633
$25,058
Included in bookings were international bookings of $7,692 million, $4,371 million and $7,634 million in 2011, 2010 and
2009, respectively, which included foreign military bookings through the U.S. Government. International bookings amounted
to 29%, 18% and 30% of total bookings in 2011, 2010 and 2009, respectively.
We record bookings for not-to-exceed contract awards based on reasonable estimates of expected contract definitization,
which will generally not be less than 75% of the award. We subsequently adjust bookings to reflect the actual amounts
definitized, or, when prior to definitization, when facts and circumstances indicate our previous estimates are no longer
reasonable. The timing of awards that may cover multiple fiscal years influences the size of bookings in each year. Bookings
exclude unexercised contract options and potential orders under ordering-type contracts (e.g., indefinite delivery/indefinite
quantity (IDIQ) type contracts), and are reduced for contract cancellations and terminations of bookings recognized in the
current year. We reflect contract cancellations and terminations from prior year bookings, as well as the impact of changes in
foreign exchange rates, directly as an adjustment to backlog in the period in which the cancellation or termination occurs and
the impact is determinable.