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Business Segments Information
3 Months Ended
Aug. 02, 2024
Segment Reporting [Abstract]  
Segment Reporting Disclosure
Note 11—Business Segments Information:
Effective February 3, 2024, the first day of fiscal 2025, the Company completed a business reorganization which replaced its previous two customer facing operating sectors with five customer facing business groups supported by the enterprise organizations, including the Innovation Factory. The five business groups represent the Company’s operating segments and have been aggregated into two reportable segments (Defense and Intelligence, and Civilian) given the similarity in economic and qualitative characteristics, and based on the nature of the customers they serve. The Company defines its operating segments based on the way the CODM, currently the Company's CEO, manages the operations for the purpose of allocating resources and assessing performance.
The Defense and Intelligence segment provides a diverse portfolio of national security solutions to the defense and intelligence departments and agencies of the United States Government.
The Civilian segment provides solutions to the civilian markets, encompassing federal, state, and local governments, in order to deliver services for citizen well-being and protecting lives. This includes integrating solutions into a spectrum of public service missions that impact travel, trade, health and the economy.
The offerings of both reportable segments entail the integration of emerging technologies into mission critical operations that modernize and enable national imperatives, including IT modernization, digital engineering, AI, mission systems support, training and simulation, and ground vehicles support. These services include end-to-end solutions spanning the design, development, integration, deployment, management and operations, sustainment and security of the customers’ entire IT infrastructure.
Costs associated with corporate functions that are not allocable to the reportable segments are presented as Corporate.
The segment information for the periods presented was as follows:
Three Months Ended
Six Months Ended
August 2,
2024
August 4,
2023
August 2,
2024
August 4,
2023
(in millions)
Revenues:
Defense and Intelligence
$1,415 $1,389 $2,851 $2,986 
Civilian
403 395 814 826 
Total revenues
$1,818 $1,784 $3,665 $3,812 
Operating income (loss):
Defense and Intelligence
$107 $106 $214 $230 
Civilian
34 43 68 85 
Corporate
(7)213 (17)204 
Total operating income (loss)
$134 $362 $265 $519 
The income statement performance measures regularly provided to the CODM are "Revenues" and "Operating income." As a result, "Interest expense, net," "Other (income) expense, net" and "Provision for income taxes" as reported in the condensed consolidated statements of income are not allocated to the Company's segments.
Asset information by segment is not a key measure of performance used by the CODM.