Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions |
3 Months Ended |
9 Months Ended |
Oct. 02, 2016 |
Sep. 27, 2015 |
Oct. 02, 2016 |
Sep. 27, 2015 |
| Net sales |
|
|
|
|
| Products |
$ 5,058
|
$ 4,831
|
$ 14,884
|
$ 14,112
|
| Services |
975
|
952
|
2,947
|
2,807
|
| Total net sales |
6,033
|
5,783
|
17,831
|
16,919
|
| Operating expenses |
|
|
|
|
| Cost of sales—products |
3,725
|
3,635
|
10,889
|
10,458
|
| Cost of sales—services |
787
|
773
|
2,403
|
2,308
|
| General and administrative expenses |
715
|
678
|
2,161
|
1,968
|
| Total operating expenses |
5,227
|
5,086
|
15,453
|
14,734
|
| Operating income |
806
|
697
|
2,378
|
2,185
|
| Non-operating (income) expense, net |
|
|
|
|
| Interest expense |
58
|
58
|
174
|
175
|
| Interest income |
(4)
|
(3)
|
(12)
|
(9)
|
| Other (income) expense, net |
(4)
|
9
|
(7)
|
6
|
| Total non-operating (income) expense, net |
50
|
64
|
155
|
172
|
| Income from continuing operations before taxes |
756
|
633
|
2,223
|
2,013
|
| Federal and foreign income taxes |
233
|
189
|
591
|
513
|
| Income from continuing operations |
523
|
444
|
1,632
|
1,500
|
| Income (loss) from discontinued operations, net of tax |
1
|
(1)
|
1
|
0
|
| Net income |
524
|
443
|
1,633
|
1,500
|
| Less: Net income (loss) attributable to noncontrolling interests in subsidiaries |
(5)
|
(4)
|
(34)
|
(3)
|
| Net income attributable to Raytheon Company |
$ 529
|
$ 447
|
$ 1,667
|
$ 1,503
|
| Basic earnings per share attributable to Raytheon Company common stockholders: |
|
|
|
|
| Income from continuing operations |
$ 1.79
|
$ 1.47
|
$ 5.60
|
$ 4.91
|
| Income (loss) from discontinued operations, net of tax |
0.00
|
0.00
|
0.00
|
0.00
|
| Net income |
1.79
|
1.47
|
5.61
|
4.92
|
| Diluted earnings per share attributable to Raytheon Company common stockholders: |
|
|
|
|
| Income from continuing operations |
1.79
|
1.47
|
5.60
|
4.91
|
| Income (loss) from discontinued operations, net of tax |
0.00
|
0.00
|
0.00
|
0.00
|
| Net income |
$ 1.79
|
$ 1.47
|
$ 5.60
|
$ 4.91
|
| Amounts attributable to Raytheon Company common stockholders: |
|
|
|
|
| Income from continuing operations |
$ 528
|
$ 448
|
$ 1,666
|
$ 1,503
|
| Income (loss) from discontinued operations, net of tax |
1
|
(1)
|
1
|
0
|
| Net income |
$ 529
|
$ 447
|
$ 1,667
|
$ 1,503
|