General Dynamics utilizes a multi-step income statement to record finances because of the several operating segments used throughout the company. In FY2023, General Dynamics generated a total of $42,272 million in net sales, as opposed to just $39,407 million in FY2022. The success of General Dynamics is shown through company expansion in the Combat Systems, Aerospace, and Mission Systems; having an increase in aircraft manufacturing, ship construction, and information technology has contributed to the increase in profit and revenue. Revenue is measured through costs, defense segments, and contracts incurred over time and are based on performance obligations. Total revenue for General Dynamics in FY2023 was $42,272 million and $39,407 million in FY2022. In FY2023, revenue from customers accounted for 73% of their revenue, as opposed to 74% in FY2022, showing a slight decrease. The remaining revenue accounted for came from goods and services, which was 27% in FY2023 and 26% in FY2022