Foreign military sales (FMS) and International Military Education and Training (IMET) are two key programs included within Security Cooperation. IMET is conducted solely on a grant basis. FMS can be conducted through direct payments of foreign states or United States Foreign Military Financing (FMF). Foreign Military Sales division is the core activity of DSCA, and yearly sales are between US$30 and US$40 billion. In fiscal year 2020, US corporations sold $50.8 billion through FMS, and $124.3 billion through direct commercial sales.