v3.25.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Operating Profit (Loss) Reconciliation [Table Text Block]
The following tables present the Company's operating results by segment:
Year Ended December 31, 2024
($ in millions)IngallsNewport NewsMission TechnologiesIntersegment EliminationsTotal
Sales and Service Revenues
Product sales$2,424 $4,921 $119 $— $7,464 
Service Revenues335 1,045 2,691 — 4,071 
Intersegment8 3 127 (138)— 
Total sales and service revenues2,767 5,969 2,937 (138)11,535 
Segment Operating Income
Income from operating investments, net1 — 48 — 49 
Other income and gains, net— 10 (1)— 9 
Less:
Cost of sales and service revenues
Product2,070 4,276 102 — 6,448 
Service294 865 2,416 — 3,575 
Intersegment8 3 127 (138)— 
Other segment items185 589 223 — 997 
Total segment operating income$211 $246 $116 $— $573 
Non-segment factors affecting operating
Operating FAS/CAS Adjustment(62)
Non-current state income taxes24 
Total operating income$535 
Year Ended December 31, 2023
($ in millions)IngallsNewport NewsMission TechnologiesIntersegment EliminationsTotal
Sales and Service Revenues
Product sales$2,495 $5,053 $116 $— $7,664 
Service Revenues248 1,077 2,465 — 3,790 
Intersegment9 3 118 (130)— 
Total sales and service revenues2,752 6,133 2,699 (130)11,454 
Segment Operating Income
Income from operating investments, net— — 37 — 37 
Other income and gains, net71 — 49 — 120 
Less:
Cost of sales and service revenues
Product2,031 4,254 121 — 6,406 
Service207 900 2,223 — 3,330 
Intersegment9 3 118 (130)— 
Other segment items214 597 222 — 1,033 
Total segment operating income$362 $379 $101 $— $842 
Non-segment factors affecting operating
Operating FAS/CAS Adjustment(72)
Non-current state income taxes11 
Total operating income$781 

Year Ended December 31, 2022
($ in millions)IngallsNewport NewsMission TechnologiesIntersegment EliminationsTotal
Sales and Service Revenues
Product sales$2,372 $4,821 $90 $— $7,283 
Service Revenues186 1,026 2,181 — 3,393 
Intersegment12 5 116 (133)— 
Total sales and service revenues2,570 5,852 2,387 (133)10,676 
Segment Operating Income
Income from operating investments, net— — 48 — 48 
Other income and gains, net— — 1 — 1 
Less:
Cost of sales and service revenues
Product1,931 4,097 73 — 6,101 
Service162 858 1,970 — 2,990 
Intersegment12 5 116 (133)— 
Other segment items173 535 214 — 922 
Total segment operating income$292 $357 $63 $— $712 
Non-segment factors affecting operating
Operating FAS/CAS Adjustment(145)
Non-current state income taxes(2)
Total operating income$565 
Segment Other Significant Items Reconciliation [Table Text Block]
The following tables present the Company's capital expenditures, as presented to the chief operating decision maker, and depreciation and amortization by segment:
Year Ended December 31
($ in millions)202420232022
Capital Expenditures(1)
Ingalls$60 $65 $69 
Newport News268 196 182 
Mission Technologies18 11 20 
Total segment capital expenditures346 272 271 
Corporate7 6 1 
Total capital expenditures$353 $278 $272 
(1) Net of grant proceeds for capital expenditures

Year Ended December 31
($ in millions)202420232022
Depreciation and Amortization
Ingalls$78 $76 $79 
Newport News136 150 148 
Mission Technologies110 120 130 
Total segment depreciation and amortization324 346 357 
Corporate2 1 1 
Total depreciation and amortization$326 $347 $358