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