RTX (RTX) 10-K 6 Feb 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Jan. 31, 2023	Jun. 30, 2022
Document Information [Line Items]
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000101829
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	001-00812
Entity Registrant Name	RAYTHEON TECHNOLOGIES CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	06-0570975
Entity Address, Address Line One	1000 Wilson Boulevard
Entity Address, City or Town	Arlington
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22209
City Area Code	(781)
Local Phone Number	522-3000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 141,816,683,821
Entity Common Stock, Shares Outstanding		1,464,954,584
Documents Incorporated by Reference	Portions of the Registrant’s Definitive Proxy Statement for its 2023 Annual Meeting of Shareowners are incorporated by reference in Part III of this Form 10-K.
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Boston, Massachusetts
Auditor Firm ID	238
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock ($1 par value)
Trading Symbol	RTX
Security Exchange Name	NYSE
Notes 2.150% Due 2030
Document Information [Line Items]
Title of 12(b) Security	2.150% Notes due 2030
Trading Symbol	RTX 30
Security Exchange Name	NYSE

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net Sales:
Net sales	$ 67,074	$ 64,388	$ 56,587
Costs and Expenses:
Research and development	2,711	2,732	2,582
Selling, general and administrative	5,663	5,224	5,540
Total costs and expenses	61,780	59,853	56,178
Goodwill impairment	0	0	(3,183)
Other income, net	120	423	885
Operating profit (loss)	5,414	4,958	(1,889)
Non-service pension income	(1,889)	(1,944)	(902)
Debt extinguishment costs	0	649	0
Interest expense, net	1,276	1,322	1,366
Total non-operating expense (income), net	(613)	27	464
Income (loss) from continuing operations before income taxes	6,027	4,931	(2,353)
Income tax expense	700	786	575
Net income (loss) from continuing operations	5,327	4,145	(2,928)
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations	111	248	181
Net income (loss) from continuing operations attributable to common shareowners	5,216	3,897	(3,109)
Discontinued operations (Note 3)
Loss from discontinued operations	(30)	(10)	(216)
Income tax expense (benefit) from discontinued operations	(11)	23	151
Loss from discontinued operations	(19)	(33)	(367)
Less: Noncontrolling interest in subsidiaries’ earnings from discontinued operations	0	0	43
Loss from discontinued operations attributable to common shareowners	(19)	(33)	(410)
Net income (loss) attributable to common shareowners	$ 5,197	$ 3,864	$ (3,519)
Earnings (loss) per share attributable to common shareowners - basic
Income (loss) from continuing operations attributable to common shareowners	$ 3.54	$ 2.60	$ (2.29)
Loss from discontinued operations	(0.02)	(0.03)	(0.30)
Net income (loss) attributable to common shareowners	3.52	2.57	(2.59)
Earnings (loss) per share attributable to common shareowners - diluted
Income (loss) from continuing operations attributable to common shareowners	3.51	2.58	(2.29)
Loss from discontinued operations	(0.01)	(0.02)	(0.30)
Net income (loss) attributable to common shareowners	$ 3.50	$ 2.56	$ (2.59)
Weighted average number of shares outstanding:
Basic shares	1,475.5	1,501.6	1,357.8
Diluted shares	1,485.9	1,508.5	1,357.8
Products [Member]
Net Sales:
Net sales	$ 50,773	$ 49,270	$ 43,319
Costs and Expenses:
Cost of Sales	41,927	41,095	38,137
Services [Member]
Net Sales:
Net sales	16,301	15,118	13,268
Costs and Expenses:
Cost of Sales	$ 11,479	$ 10,802	$ 9,919

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss) from continuing and discontinued operations	$ 5,308	$ 4,112	$ (3,295)
Pension and postretirement benefit plans adjustments
Net actuarial gain (loss) arising during period	1,291	3,246	(202)
Prior service credit (cost) arising during period	(131)	(59)	2,095
Amortization of actuarial loss and prior service cost	129	258	373
Other	65	23	(51)
Pension and postretirement benefit plans adjustments	1,354	3,468	2,215
Change in unrealized cash flow hedging	(143)	(254)	263
Foreign currency translation adjustments	(1,048)	(647)	609
Other comprehensive income, before tax	163	2,567	3,087
Income tax expense related to items of other comprehensive income	(266)	(748)	(547)
Other comprehensive income (loss), net of tax	(103)	1,819	2,540
Comprehensive income (loss)	5,205	5,931	(755)
Less: Comprehensive income attributable to noncontrolling interest	111	248	224
Comprehensive income (loss) attributable to common shareowners	$ 5,094	$ 5,683	$ (979)

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) shares in Thousands, $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 6,220	$ 7,832
Accounts receivable, net	9,108	9,661
Contract assets	11,534	11,361
Inventory, net	10,617	9,178
Other assets, current	4,964	4,018
Total Current Assets	42,443	42,050
Customer financing assets	2,603	2,848
Fixed assets, net	15,170	14,972
Operating lease right-of-use assets	1,829	1,958
Goodwill	53,840	54,436
Intangible assets, net	36,823	38,516
Other assets	6,156	6,624
Total Assets	158,864	161,404
Liabilities, Redeemable Noncontrolling Interest and Equity
Short-term borrowings	625	134
Accounts payable	9,896	8,751
Accrued employee compensation	2,401	2,658
Other accrued liabilities	10,999	10,162
Contract liabilities	14,598	13,720
Long-term debt currently due	595	24
Total current liabilities	39,114	35,449
Long-term debt	30,694	31,327
Operating lease liabilities, non-current	1,586	1,657
Future pension and postretirement benefit obligations	4,807	7,855
Other long-term liabilities	8,449	10,417
Total Liabilities	84,650	86,705
Commitments and contingencies (Note 18)
Redeemable noncontrolling interest	36	35
Capital Stock:
Preferred stock, $1 par value; 250,000 shares authorized; None issued or outstanding	$ 0	$ 0
Preferred Stock, par value	$ 1	$ 1
Preferred Stock. shares authorized	250,000	250,000
Preferred Stock, Shares Outstanding	0	0
Preferred Stock, Shares Issued	0	0
Common stock, $1 par value; 4,000,000 shares authorized; 1,710,960 and 1,708,065 shares issued	$ 37,939	$ 37,483
Common Stock, par value	$ 1	$ 1
Common Stock, shares authorized	4,000,000	4,000,000
Common Stock, Shares, Issued	1,710,960	1,708,065
Treasury stock, 244,720 and 214,785 common shares at average cost	$ (15,530)	$ (12,727)
Treasury Stock, shares	244,720	214,785
Retained earnings	$ 52,269	$ 50,265
Unearned ESOP shares	(28)	(38)
Accumulated other comprehensive loss	(2,018)	(1,915)
Total shareowners’ equity	72,632	73,068
Noncontrolling interest	1,546	1,596
Total equity	74,178	74,664
Total liabilities, redeemable noncontrolling interest and equity	$ 158,864	$ 161,404

Consolidated Statement of Cash

Consolidated Statement of Cash Flows $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)		Dec. 31, 2021 USD ($)		Dec. 31, 2020 USD ($)
Operating Activities:
Net income (loss) from continuing operations	$ 5,327		$ 4,145		$ (2,928)
Adjustments to reconcile net income (loss) from continuing operations to net cash flows provided by operating activities:
Depreciation and amortization	4,108		4,557		4,156
Deferred income tax benefit	(1,663)		(88)		(99)
Stock compensation cost	420		442		330
Net periodic pension and other postretirement income	(1,413)		(1,414)		(413)
Debt extinguishment costs	0		649		0
Goodwill impairment charge	0		0		3,183
Change in:
Accounts receivables	437		(570)		1,318
Contract assets	(234)		(1,594)		63
Inventory	(1,575)		163		412
Other current assets	(1,027)		(566)		(445)
Accounts payable and accrued liabilities	2,075		917		(1,666)
Contract liabilities	846		1,372		1,129
Global pension contributions	(94)		(59)		(1,025)
Other operating activities, net	(39)		(812)		319
Net cash flows provided by operating activities from continuing operations	7,168		7,142		4,334
Investing Activities:
Capital expenditures	(2,288)		(2,134)		(1,795)
Payments on customer financing assets	(150)		(231)		(280)
Receipts from customer financing assets	179		389		368
Investments in businesses (Note 2)	(66)		(1,088)		(419)
Cash acquired in Raytheon merger	0		0		3,208
Dispositions of businesses, net of cash transferred (Note 2)	94		1,879		2,556
Increase in other intangible assets	(487)		(308)		(312)
Payments from settlements of derivative contracts, net	(205)		(16)		(32)
Other investing activities, net	94		145		49
Net cash flows (used in) provided by investing activities from continuing operations	(2,829)		(1,364)		3,343
Financing Activities:
Issuance of long-term debt	1		4,062		2,004
Distribution from discontinued operations	0		0		17,207
Repayment of long-term debt	(3)		(4,254)		(16,082)
Debt extinguishment costs	0		(649)		0
Change in commercial paper, net (Note 10)	518		(160)		160
Change in other short-term borrowings, net	(29)		47		(2,201)
Dividends paid on Common Stock	(3,128)		(2,957)		(2,732)
Repurchase of Common Stock	(2,803)		(2,327)		(47)
Net transfers to discontinued operations	0		(71)		(2,033)
Other financing activities, net	(415)		(447)		(136)
Net cash flows used in financing activities from continuing operations	(5,859)		(6,756)		(3,860)
Discontinued Operations:
Net cash used in operating activities	0		(71)		(728)
Net cash used in investing activities	0		0		(241)
Net cash provided by (used in) financing activities	0		71		(1,414)
Net cash used in discontinued operations	0		0		(2,383)
Effect of foreign exchange rate changes on cash and cash equivalents from continuing operations	(42)		(1)		54
Effect of foreign exchange rate changes on cash and cash equivalents from discontinued operations	0		0		(76)
Net (decrease) increase in cash, cash equivalents and restricted cash	(1,562)		(979)		1,412
Cash, cash equivalents and restricted cash, beginning of year	7,853		8,832		4,961
Cash, cash equivalents and restricted cash within assets related to discontinued operations, beginning of year	0		0		2,459
Cash, cash equivalents and restricted cash, end of year	6,291		7,853		8,832
Less: Restricted cash, included in Other assets	71		21		30
Cash and cash equivalents, end of year	6,220		7,832		8,802
Supplemental Disclosure of Cash Flow Information:
Interest paid, net of amounts capitalized	1,263	[1]	1,339	[1]	1,628	[1]
Income taxes paid, net of refunds	$ 2,400	[1]	$ 1,124	[1]	$ 1,716	[1]
[1](1)    Amounts are inclusive of continuing operations and discontinued operations payments.

Consolidated Statement of Chang

Consolidated Statement of Changes in Equity - USD ($) shares in Thousands, $ in Millions	Total	Raytheon Company [Member]	Common Stock [Member]	Common Stock [Member] Raytheon Company [Member]	Treasury Stock [Member]	Treasury Stock [Member] Raytheon Company [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Noncontrolling Interest
Increase (Decrease) In Equity [Roll Forward]
Stockholders' Equity Attributable to Parent			$ 23,019		$ (32,626)		$ 61,594	$ (64)	$ (10,149)
Noncontrolling interest										$ 2,457
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 44,231
Common stock plans activity			417		2			15
Stock Issued During Period, Value, Acquisitions				$ 10,897		$ 22,269
Separation of Carrier and Otis			2,598				(5,805)		3,875	(865)
Purchase of subsidiary shares from noncontrolling interest, net			(1)
Common Stock repurchased					(43)
Net Income - Retained Earnings	$ (3,519)						(3,519)
Dividends on Common Stock							(2,732)
Dividends on ESOP Common Stock							(50)
Other					(9)		(65)
Other comprehensive income (loss), net of tax - AOCI									2,540
Net income										224
Redeemable Noncontrolling Interest in subsidiaries' earnings										(4)
Dividends attributable to noncontrolling interest										(159)
Sale (purchase) of subsidiary shares from noncontrolling interest, net										66
Acquisition (disposition) of noncontrolling interest, net										1
Capital contributions (distributions)										(31)
Shares of common stock issued under employee plans, net	2,689
Shares of common stock repurchased	330
Shares of common stock issued for Raytheon Company outstanding common stock and equity awards		652,638
Dividends Per Share of Common Stock	$ 2.160
Stockholders' Equity Attributable to Parent			36,930		(10,407)		49,423	(49)	(3,734)
Noncontrolling interest										1,689
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 73,852
Common stock plans activity			553		0			11
Stock Issued During Period, Value, Acquisitions				0		0
Separation of Carrier and Otis			0				0		0	0
Purchase of subsidiary shares from noncontrolling interest, net			0
Common Stock repurchased					(2,331)
Net Income - Retained Earnings	$ 3,864						3,864
Dividends on Common Stock							(2,957)
Dividends on ESOP Common Stock							(50)
Other					11		(15)
Other comprehensive income (loss), net of tax - AOCI									1,819
Net income										248
Redeemable Noncontrolling Interest in subsidiaries' earnings										(8)
Dividends attributable to noncontrolling interest										(332)
Sale (purchase) of subsidiary shares from noncontrolling interest, net										0
Acquisition (disposition) of noncontrolling interest, net										(1)
Capital contributions (distributions)										0
Shares of common stock issued under employee plans, net	1,893
Shares of common stock repurchased	28,052
Shares of common stock issued for Raytheon Company outstanding common stock and equity awards		0
Dividends Per Share of Common Stock	$ 2.005
Stockholders' Equity Attributable to Parent	$ 73,068		37,483		(12,727)		50,265	(38)	(1,915)
Noncontrolling interest	1,596									1,596
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	74,664
Common stock plans activity			485		0			10
Stock Issued During Period, Value, Acquisitions				$ 0		$ 0
Separation of Carrier and Otis			0				0		0	0
Purchase of subsidiary shares from noncontrolling interest, net			(29)
Common Stock repurchased					(2,803)
Net Income - Retained Earnings	$ 5,197						5,197
Dividends on Common Stock							(3,128)
Dividends on ESOP Common Stock							(54)
Other					0		(11)
Other comprehensive income (loss), net of tax - AOCI									(103)
Net income										111
Redeemable Noncontrolling Interest in subsidiaries' earnings										(8)
Dividends attributable to noncontrolling interest										(132)
Sale (purchase) of subsidiary shares from noncontrolling interest, net										(19)
Acquisition (disposition) of noncontrolling interest, net										(13)
Capital contributions (distributions)										11
Shares of common stock issued under employee plans, net	2,894
Shares of common stock repurchased	29,935
Shares of common stock issued for Raytheon Company outstanding common stock and equity awards		0
Dividends Per Share of Common Stock	$ 2.160
Stockholders' Equity Attributable to Parent	$ 72,632		$ 37,939		$ (15,530)		$ 52,269	$ (28)	$ (2,018)
Noncontrolling interest	1,546									$ 1,546
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 74,178

Basis of Presentation and Summa

Basis of Presentation and Summary of Accounting Principles	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Accounting Principles	NOTE 1: BASIS OF PRESENTATION AND SUMMARY OF ACCOUNTING PRINCIPLES The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from those estimates. Separation Transactions, Distributions and Raytheon Merger. On April 3, 2020, United Technologies Corporation (UTC) (since renamed Raytheon Technologies Corporation) completed the separation of its business into three independent, publicly traded companies – UTC, Carrier Global Corporation (Carrier) and Otis Worldwide Corporation (Otis) (the Separation Transactions). UTC distributed all of the outstanding shares of Carrier common stock and all of the outstanding shares of Otis common stock to UTC shareowners who held shares of UTC common stock as of the close of business on March 19, 2020 (the Distributions). Immediately following the Separation Transactions and the Distributions, on April 3, 2020, UTC and Raytheon Company completed their all-stock merger of equals transaction (the Raytheon merger), pursuant to which Raytheon Company became a wholly owned subsidiary of UTC, and UTC was renamed “Raytheon Technologies Corporation.” The historical results of Carrier and Otis are presented as discontinued operations and, as such, have been excluded from both continuing operations and segment results for all periods presented. Unless otherwise indicated, amounts and activity throughout these Consolidated Financial Statements are presented on a continuing operations basis. Refer to “Note 3: Discontinued Operations” below for further details. Unless the context otherwise requires, the terms “we,” “our,” “us,” “the Company,” “Raytheon Technologies,” and “RTC” mean Raytheon Technologies Corporation and its subsidiaries. UTC was determined to be the accounting acquirer in the Raytheon merger and, as a result, the financial statements of Raytheon Technologies for the year ended December 31, 2020 include Raytheon Company’s financial position and results of operations for the period subsequent to the completion of the Raytheon merger on April 3, 2020. Russia Sanctions. In response to the Russian military’s invasion of Ukraine on February 24, 2022, the U.S. government and the governments of various jurisdictions in which we operate, including Canada, the United Kingdom, the European Union, and others, have imposed broad economic sanctions and export controls targeting specific industries, entities and individuals in Russia. The Russian government has implemented similar counter-sanctions and export controls targeting specific industries, entities and individuals in the U.S. and other jurisdictions in which we operate, including certain members of the Company’s management team and Board of Directors. These government measures, among other limitations, restrict transactions involving various Russian banks and financial institutions and impose enhanced export controls limiting transfers of various goods, software and technologies to and from Russia, including broadened export controls specifically targeting the aerospace sector. These measures have adversely affected, and could continue to adversely affect, the Company and/or our supply chain, business partners or customers. As a result of these sanctions on Russia and export controls, in the first quarter of 2022, we recorded pretax charges of $290 million, $210 million net of tax and the impact of noncontrolling interest, within our Collins Aerospace (Collins) and Pratt & Whitney businesses primarily related to increased estimates for credit losses on both our accounts receivables and contract assets, inventory reserves and purchase order obligations, impairment of customer financing assets for products under lease, impairment of contract fulfillment costs that are no longer recoverable, and a loss on the exit of our investment in a Russia-based joint venture. Additionally, we reversed approximately $1.3 billion of remaining performance obligations (RPO) in the quarter ended March 31, 2022 related to our sales contracts in Russia at Pratt & Whitney and Collins. We continue to monitor future developments, including additional sanctions and other measures, that could adversely affect the Company and/or our supply chain, business partners or customers. Coronavirus Disease 2019 (COVID-19) Pandemic. The COVID-19 pandemic continues to negatively affect the global economy, our business and operations, the labor market, supply chains, inflation, and the industries in which we operate. As a result of COVID-19, commercial air travel demand experienced an unprecedented downturn as governments, businesses and individuals reacted to the pandemic in ways such as lockdowns, quarantines, border closings and other travel restrictions and requirements, the adoption of remote working and decreased leisure travel. The unprecedented decrease in air travel adversely affected our airline and airframer customers and their demand for our products and services of our Collins and Pratt & Whitney businesses. In addition, the border closings, lockdowns and labor shortages resulting from COVID-19 negatively impacted global supply and distribution capabilities. Decreases in the availability of supplies, increases in the cost of supplies and delivery issues have caused shortages and delays for the procurement of raw materials, components and other supplies required for our performance, although we continue to see signs of ongoing recovery in commercial air travel. While we believe that the long-term outlook for the aerospace industry remains positive due to the fundamental drivers of air travel demand, uncertainty continues with respect to when commercial air traffic capacity will fully return to and/or exceed pre-COVID-19 levels. The pace of the commercial aerospace recovery is tied to general economic conditions and may be impacted by inflation, an economic downturn, or government budget deficits, among other factors, and may also be impacted by a resurgence of the pandemic and corresponding travel restrictions and protocols. Our expectations regarding the COVID-19 pandemic and ongoing recovery and their potential financial impact are based on available information and assumptions that we believe are reasonable at this time; however, the actual financial impact is highly uncertain and subject to a wide range of factors and future developments. In 2020, we recorded write-downs of assets and significant unfavorable Estimate at Completion (EAC) adjustments in our Collins and Pratt & Whitney businesses primarily related to: • goodwill impairment charges of $3.2 billion related to two of our Collins reporting units. Refer to “Note 2: Business Acquisitions, Dispositions, Goodwill and Intangible Assets” for additional information; • increased estimated credit losses on both our receivables and contract assets of $387 million; • an unfavorable EAC adjustment on a Pratt & Whitney commercial engine aftermarket contract due to lower estimated revenues driven by a change in the estimated maintenance coverage period of $334 million; • contract asset and inventory impairments at Collins due to the impact of lower estimated future customer activity resulting from the expected acceleration of fleet retirements of a certain commercial aircraft type of $146 million; • an unfavorable EAC adjustment of $129 million related to lower estimated revenues due to the restructuring of a customer contract at Pratt & Whitney; • an $89 million impairment of commercial aircraft program assets at Pratt & Whitney; • the impairment of a Collins trade name of $57 million; • net unfavorable EAC adjustments on commercial aftermarket contracts at Pratt & Whitney based on a change in estimated future customer activity of $75 million; • an unfavorable EAC adjustment at Pratt & Whitney related to a shift in overhead costs to military contracts of $44 million; and • reserves related to a commercial financing arrangement at Pratt & Whitney of $43 million. Summary of Accounting Principles. The following represents the significant accounting principles of Raytheon Technologies Corporation. Consolidation and Classification. The Consolidated Financial Statements include the accounts of Raytheon Technologies Corporation, and all wholly owned, majority-owned and otherwise controlled domestic and foreign subsidiaries. All intercompany transactions have been eliminated. For our consolidated non-wholly owned subsidiaries, a noncontrolling interest is recognized to reflect the portion of equity that is not attributable to us. For classification of certain current assets and liabilities, the duration of our contracts or programs is utilized to define our operating cycle, which is generally longer than one year. Included within our Current assets and liabilities are Contract assets and liabilities related to our aftermarket and development arrangements, which can generally span up to fifteen years. We reclassified certain immaterial prior period amounts within the Consolidated Statement of Cash Flows to conform to our current period presentation. Use of Estimates. Our Consolidated Financial Statements are based on the application of U.S. Generally Accepted Accounting Principles (GAAP), which require us to make estimates and assumptions about future events that affect the amounts reported in our Consolidated Financial Statements and the accompanying notes. Actual results could differ from those estimates, and any such differences may be material to our Consolidated Financial Statements. Estimates and assumptions are reviewed periodically and the effects of changes, if any, are reflected in our Consolidated Financial Statements in the period they are determined. Cash and Cash Equivalents. Cash and cash equivalents includes cash on hand, demand deposits and short-term cash investments that are highly liquid in nature and have original maturities of three months or less. The estimated fair value of Cash and cash equivalents approximates the carrying value due to their short maturities. Accounts Receivable. Accounts receivable are stated at the net amount expected to be collected. We are exposed to credit losses primarily on our accounts receivable and contract assets related to our sales of products and services to commercial customers. The allowance for expected credit losses is established to provide for the expected lifetime credit losses by evaluating factors such as customer creditworthiness, historical payment and loss experiences, current economic conditions, including geographic and political risk, and the age and status of outstanding receivables. In certain circumstances, we may be able to develop reasonable and supportable forecasts over the contractual term of the financial asset. For periods beyond which we are able to make or obtain reasonable and supportable forecasts, we revert to historical loss experience and information. We determine credit ratings for each customer in our portfolio based upon public information and information obtained directly from our customers. We conduct a review of customer credit ratings, published historical credit default rates for different rating categories, and multiple third-party aircraft value publications as a basis to validate the reasonableness of the allowance for expected credit losses on a quarterly basis, or when events and circumstances warrant. A credit limit is established for each customer based on the outcome of this review and consideration of the other factors discussed above. In certain cases, we may require collateral or prepayment to mitigate credit risk. Expected credit losses are written off in the period in which the financial asset is no longer collectible. Unbilled receivables represent revenues that are not currently billable to the customer under the terms of the contract and include unbilled amounts under commercial contracts where payment is solely subject to the passage of time. These items are expected to be billed and collected in the normal course of business. Accounts receivable as of December 31, 2022 and 2021 includes unbilled receivables of $298 million and $342 million, respectively, which primarily includes unbilled receivables with commercial aerospace customers. Other unbilled receivables where payment is subject to factors beyond just the passage of time are included in Contract assets in the Consolidated Balance Sheet. Contract Assets and Liabilities. Contract assets and liabilities represent the difference in the timing of revenue recognition from receipt of cash from our customers. Contract assets reflect revenue recognized and performance obligations satisfied or partially satisfied in advance of customer billing. Contract liabilities relate to payments received in advance of the satisfaction of performance under the contract. We receive payments from customers based on the terms established in our contracts. Contract assets and Contract liabilities are generally classified as current as our operating cycle is generally longer than one year. See “Note 6: Contract Assets and Liabilities” for further discussion of Contract assets and liabilities. As described in more detail above in “Accounts Receivable,” we are exposed to credit losses on our contract assets related to our sales of products and services to commercial customers and regularly assess our allowance for expected credit losses as it relates to our Contract assets. Inventory. Inventory is stated at the lower of cost or estimated realizable value and is primarily based on first-in, first-out (FIFO) or average cost methods. Valuation reserves for excess, obsolete, and slow-moving inventory are estimated by comparing the inventory levels of individual parts to both future sales forecasts or production requirements and historical usage rates in order to identify inventory where the resale value or replacement value is less than inventoriable cost. Other factors that management considers in determining the adequacy of these reserves include whether individual inventory parts meet current specifications and can be substituted for a part currently being sold or used as a service part, overall market conditions, and other inventory management initiatives. Manufacturing costs are allocated to current production contracts. In our commercial aerospace businesses, excess costs beyond standard manufacturing costs are expensed when they meet certain thresholds. Equity Investments. Investments in entities we do not control are included in Other assets on the Consolidated Balance Sheet. For investments where we have significant influence, we apply the equity method of accounting, and as such, our share of the net earnings or losses of the investee is recorded. For investments where we do not have significant influence, we record them at cost under the measurement alternative and record adjustments for observable price changes. Equity investment income and losses are included in Other income, net on the Consolidated Statement of Operations since the activities of the investee are closely aligned with our operations. We evaluate our equity investments whenever events or changes in circumstance indicate that the carrying amounts of such investments may be impaired. If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period. Our sales to and purchases from unconsolidated entities accounted for under the equity method, which are considered related parties, are not material. Customer Financing Assets . Customer financing assets (CFA) relate to our commercial aerospace businesses in which we provide financing to airline customers. Our financing predominantly relates to products under lease, and to a lesser extent, notes and lease receivables. In certain limited circumstances, we pay deposits on behalf of our airline customers to secure production slots with the airframers, and such pre-delivery payments are included in Accounts receivable, net, if current, and Customer financing assets, if non-current, in our Consolidated Balance Sheet. Any unfunded pre-delivery payments are included within our commercial aerospace financing commitments as further discussed in “Note 18: Commitments and Contingencies.” Interest income from notes and financing leases and rental income from operating lease assets is generally included in Other income, net in the Consolidated Statement of Operations, while gains or losses on sales of operating lease assets are included in Products sales and Cost of sales. The current portion of these financing arrangements are aggregated in Accounts receivable, net and the non-current portion of these financing arrangements are aggregated in CFA in the Consolidated Balance Sheet. The increases and decreases in CFA from funding, receipts and certain other activity, are generally reflected as Investing Activities in the Consolidated Statement of Cash Flows. Leased assets are valued at cost and reviewed for impairment when circumstances indicate that the related carrying amounts may not be recoverable. Notes and lease receivables are valued at the net amount expected to be collected. For notes and lease receivables, we determine a specific reserve for exposure based on the difference between the carrying value of the receivable and the estimated fair value of the related collateral in connection with the evaluation of credit risk and collectability. As of December 31, 2022 and 2021, the reserves related to CFA were not material. At December 31, 2022 and 2021, we did not have any significant balances that are considered to be delinquent, on non-accrual status, past due 90 days or more, or considered to be impaired. Fixed Assets, Net. Fixed assets, net, are stated at cost less accumulated depreciation. Major improvements are capitalized while expenditures for maintenance, repairs and minor improvements are expensed. For asset sales or retirements, the assets and related accumulated depreciation and amortization are eliminated from the accounts. Gains and losses on sales of our Fixed assets, net, are generally recorded in operating income. Business Combinations. Once a business is acquired, the fair value of the identifiable assets acquired and liabilities assumed is determined with the excess cost recorded to goodwill. As required, a preliminary fair value is determined once a business is acquired, with the final determination of the fair value being completed no later than one year from the date of acquisition. In connection with the acquisitions of Rockwell Collins in 2018 and Goodrich in 2012, and to a lesser extent the acquisition of Raytheon Company in 2020, we recorded assumed liabilities related to customer contractual obligations on certain contracts with economic returns that were lower than what could be realized in market transactions as of the acquisition date. We measured these assumed liabilities based on the estimated cash flows of the programs plus a reasonable contracting profit margin required to transfer the contracts to market participants. These liabilities are being amortized in accordance with the underlying pattern of obligations, as reflected by the expenses incurred on the contracts. The balance of the contractual obligations was $818 million and $929 million at December 31, 2022 and 2021, respectively. Total consumption of the contractual obligations for the years ended December 31, 2022, 2021 and 2020 was $111 million, $314 million and $295 million, respectively, with future consumption expected to be as follows: $104 million in 2023, $80 million in 2024, $68 million in 2025, $67 million in 2026, $65 million in 2027 and $434 million thereafter. Goodwill and Intangible Assets. Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill and intangible assets deemed to have indefinite lives are not amortized, but are subject to impairment testing annually, or more frequently if events or changes in circumstances indicate the asset might be impaired. The goodwill impairment test compares carrying values of the reporting units to their estimated fair values. If the carrying value exceeds the fair value then the carrying value is reduced to fair value. In developing our estimates for the fair value of our reporting units and indefinite-lived intangible assets, significant judgment is required in the determination of the appropriateness of using a qualitative assessment or quantitative assessment. For the quantitative assessments that are performed, fair value is primarily based on market-based valuation methods, income-based methods using a discounted cash flow model, relief from royalty methods, or a combination of such. These assessments utilize significant assumptions including sales growth rates, projected operating profit, terminal growth rates, discount rates, royalty rates, and comparable multiples from publicly traded companies in our industry. Such assumptions are subject to variability from year to year and are directly impacted by, among other things, global market conditions. Finite-lived intangible assets are tested for impairment when events occur that indicate that the net book value will not be recovered over future cash flows. Intangible assets consist of patents, trademarks/tradenames, customer relationships, exclusivity assets, developed technology and other intangible assets including collaboration assets. Acquired intangible assets are recognized at fair value in purchase accounting. Finite-lived intangible assets are amortized to Cost of sales and Selling, general and administrative expenses over the applicable useful lives. Exclusivity assets are commercial aerospace payments made to secure certain contractual rights to provide product on new aircraft platforms. We classify amortization of such payments as a reduction of sales. Such payments are capitalized when there are distinct rights obtained and there are sufficient incremental cash flows to support the recoverability of the assets established. Otherwise, the applicable portion of the payments are expensed. In addition, in connection with our 2012 agreement to acquire Rolls-Royce’s ownership and collaboration interests in International Aero Engines AG (IAE), additional payments are due to Rolls-Royce contingent upon each hour flown through June 2027 by the V2500-powered aircraft in service as of the acquisition date. These flight hour payments are being capitalized as collaboration assets and amortized to cost of sales. Useful lives of finite-lived intangible assets are estimated based upon the nature of the intangible asset and the industry in which the intangible asset is used. These intangible assets are amortized based on the pattern in which the economic benefits of the intangible assets are consumed, as represented by the underlying cash flows, which may result in an amortization method other than straight-line. For both our commercial aerospace collaboration assets and exclusivity arrangements, the pattern of economic benefit generally results in no amortization during the development period with amortization beginning as programs enter full rate production and aftermarket cycles. If a pattern of economic benefit cannot be reliably determined or if straight- line amortization approximates the pattern of economic benefit, a straight-line amortization method may be used. The range of estimated useful lives is as follows: Years Collaboration assets 30 Customer relationships and related programs 3 to 30 Developed technology 3 to 25 Patents and trademarks 5 to 30 Exclusivity assets 5 to 25 Leases. As a lessee, we record a right-of-use asset and a lease liability on the Consolidated Balance Sheet for leases with terms longer than 12 months. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the Consolidated Statement of Operations. We enter into lease agreements for the use of real estate space, vehicles, information technology equipment, and certain other equipment under both operating and finance leases. We determine if an arrangement contains a lease at inception. Operating leases are included in Operating lease right-of-use assets and Operating lease liabilities, non-current on our Consolidated Balance Sheet. The current portion of our operating lease liabilities is included in Accrued liabilities on our Consolidated Balance Sheet. Finance leases are not considered significant to our Consolidated Balance Sheet or Consolidated Statement of Operations. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments, and use the implicit rate when readily determinable. We determine our incremental borrowing rate through market sources including relevant industry rates. Our lease right-of-use assets also include any initial direct costs and lease pre-payments made at or before the commencement date and are reduced for any lease incentives received at or before the commencement date. Certain of our leases include variable payments, which may vary based upon changes in facts or circumstances after the start of the lease. We exclude variable payments from lease right-of-use assets and lease liabilities, to the extent such payments are not considered fixed, and instead, expense variable payments as incurred. Variable lease expense and lease expense for short duration contracts are not a material component of lease expense. Some of our leases include the option to extend or terminate the lease. We include these options in the recognition of our right-of-use assets and lease liabilities when it is reasonably certain that we will exercise the option. Lease expense is generally recognized on a straight-line basis over the lease term. In limited instances we act as a lessor, primarily for commercial aerospace engines, the majority of which are classified as operating leases. These leases are not significant to our Consolidated Balance Sheet or Consolidated Statement of Operations. Other Long-Lived Assets. We evaluate the potential impairment of other long-lived assets whenever events or changes in circumstances indicate that the related carrying amounts may not be recoverable. If the carrying value of other long-lived assets held and used exceeds the sum of the undiscounted expected future cash flows, the carrying value is written down to fair value. In order for long-lived assets to be considered held for disposal, we must have committed to a plan to dispose of the assets. Once deemed held for disposal, the assets are stated at the lower of the carrying amount or fair value. Income Taxes. Future income taxes represent the tax effects of transactions which are reported in different periods for tax and financial reporting purposes. These amounts consist of the tax effects of temporary differences between the tax and financial reporting balance sheets and tax carryforwards. Future income tax benefits and payables within the same tax paying component of a particular jurisdiction are offset for presentation in the Consolidated Balance Sheet. I n the ordinary course of business there is inherent uncertainty in quantifying our income tax positions. We assess our income tax positions and record tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting date. For those tax positions where it is more-likely-than-not that a tax benefit will be sustained, we have recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more-likely-than-not that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements. Where applicable, associated interest expense has also been recognized. We recognize accrued interest related to unrecognized tax benefits in interest expense. Penalties, if incurred, would be recognized as a component of income tax expense. State income tax amounts are generally included in income tax expense; however state income tax payments related to our Raytheon Intelligence & Space (RIS) and Raytheon Missiles & Defense (RMD) segments are generally recoverable through the pricing of products and services to the U.S. government, and, accordingly, we have recorded the future recovery of these costs from the U.S. government within Other assets, current in the Consolidated Balance Sheet. Accordingly, these state income taxes are generally allocated to contracts and then classified as Selling, general and administrative expenses when paid (recovered) or otherwise agreed as allocable with the U.S. government. We have elected to account for tax on Global Intangible Low-Taxed Income ( GILTI) as a period cost, as incurred. Revenue Recognition. The vast majority of our revenues are from long-term contracts associated with the design, development, manufacture or modification of complex aerospace or defense equipment or related services. Collins and Pratt & Whitney primarily serve commercial and government customers in both the original equipment manufacturer (OEM) and aftermarket parts and services markets of the aerospace industry, while RIS and RMD primarily provide products and services to government customers in the defense industry. We account for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. For certain contracts that meet the foregoing requirements, primarily contracts that are directly with a foreign government, we are required to obtain certain regulatory approvals. In these cases, we recognize revenue based on the likelihood of obtaining regulatory approvals based upon all known facts and circumstances. A performance obligation is a promise in a contract with a customer to transfer a distinct good or service to the customer. Some of our contracts with customers contain a single performance obligation, while others contain multiple performance obligations most commonly when a contract contains multiple distinct units (such as engines or certain aerospace components) or spans multiple phases of the product life-cycle such as production, maintenance and support. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as the performance obligation is satisfied. When there are multiple performance obligations within a contract, we allocate the transaction price to each performance obligation based on its standalone selling price when available. If standalone selling price is not available, we estimate the standalone selling price of each performance obligation, which is generally based on an expected cost plus a margin approach. We consider the contractual consideration payable by the customer and assess variable consideration that may affect the total transaction price, including contractual discounts, contract incentive payments, estimates of award fees, flight hours, aircraft landings or other customer usage activities on long term maintenance contracts, and other sources of variable consideration, when determining the transaction price of each contract. When reasonably able to estimate, we include variable consideration in the transaction price at the most likely amount to which we expect to be entitled. We include estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. These estimates are based on historical experience, anticipated performance and our best judgment at the time. We also consider whether our contracts contain a significant financing component, which they generally do not. Timing of the satisfaction of performance obligations varies across our businesses due to our dive

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
Business Combination Disclosure	NOTE 2: BUSINESS ACQUISITIONS, DISPOSITIONS, GOODWILL AND INTANGIBLE ASSETS Business Acquisitions. Our investments in businesses, net of cash acquired, in 2022, 2021 and 2020 totaled $66 million, $1.1 billion and $35.1 billion, respectively. Our investments in business in 2022 consisted of immaterial acquisitions. Our investments in business in 2021 and 2020 primarily consisted of the acquisitions discussed below. In November 2021, we completed the acquisitions of FlightAware and SEAKR Engineering Inc., for a total of approximately $1.1 billion, net of cash received. FlightAware is a leading digital aviation company providing global flight tracking solutions, predictive technology, analytics and decision-making tools, and is reported in the Collins segment. SEAKR Engineering Inc. is a leading supplier of advanced space electronics and is reported in the RIS segment. In connection with these acquisitions, we recorded $0.8 billion of goodwill and $0.3 billion of intangible assets. In December 2020, we completed the acquisition of Blue Canyon Technologies, a leading provider of small satellites and spacecraft systems components for $425 million, net of cash received. Blue Canyon Technologies is reported in the RIS segment. In connection with this acquisition, we recorded $281 million of goodwill and $149 million of intangible assets. Pro forma financial information and revenue from the date of acquisition have not been provided for these acquisitions as they are not material either individually or in the aggregate. Raytheon Merger. As discussed in “Note 1: Basis of Presentation and Summary of Accounting Principles”, on April 3, 2020, UTC and Raytheon Company completed an all-stock merger of equals, following the completion by UTC of the Separation Transactions and Distributions. Raytheon Company (previously New York Stock Exchange (NYSE): RTN) shares ceased trading prior to the market open on April 3, 2020, and each share of Raytheon common stock was converted in the merger into the right to receive 2.3348 shares of UTC common stock, previously traded on the NYSE under the ticker symbol “UTX.” Upon closing of the Raytheon merger, UTC’s name was changed to “Raytheon Technologies Corporation,” and its shares of common stock began trading as of April 3, 2020 on the NYSE under the ticker symbol “RTX.” Total consideration is calculated as follows: (dollars in millions) Amount Fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards $ 33,067 Fair value attributable to pre-merger service for replacement equity awards 99 Total merger consideration $ 33,166 The fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards is calculated as follows: (dollars and shares in millions, except per share amounts and exchange ratio) Amount Number of Raytheon Company common shares outstanding as of April 3, 2020 277.3 Number of Raytheon Company stock awards vested as a result of the Raytheon merger (1) 0.4 Total outstanding shares of Raytheon Company common stock and equity awards entitled to merger consideration 277.7 Exchange ratio (2) 2.3348 Shares of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards 648.4 Price per share of RTC common stock (3) $ 51.00 Fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards $ 33,067 (1) Represents Raytheon Company stock awards that vested as a result of the Raytheon merger, which is considered a “change in control” for purposes of the Raytheon 2010 Stock Plan. Certain Raytheon Company restricted stock awards and Raytheon Company restricted stock unit (RSU) awards, issued under the Raytheon 2010 Stock Plan vested on an accelerated basis as a result of the Raytheon merger. Such vested awards were converted into the right to receive RTC common stock determined as the product of (1) the number of vested awards, and (2) the exchange ratio. (2) The exchange ratio is equal to 2.3348 shares of UTC common stock for each share of Raytheon Company common stock in accordance with the Raytheon merger agreement. (3) The price per share of RTC common stock is based on the RTC opening stock price as of April 3, 2020. Allocation of Consideration Transferred to Net Assets Acquired. We accounted for the Raytheon merger under the acquisition method and are required to measure identifiable assets acquired and liabilities assumed of the acquiree (Raytheon Company) at the fair values on the closing date. During the first quarter of 2021, based on the finalization of our valuation and internal reviews, we completed the purchase price allocation which resulted in a net increase to goodwill of $61 million. The final purchase price allocation, net of cash acquired, for the acquisition was as follows: (dollars in millions) Cash and cash equivalents $ 3,208 Accounts receivable 1,997 Contract assets 6,023 Inventory 705 Other assets, current 940 Fixed assets 4,745 Operating lease right-of-use assets 950 Intangible assets 19,130 Other assets 1,218 Total identifiable assets acquired 38,916 Accounts payable 1,477 Accrued employee compensation 1,492 Other accrued liabilities 1,921 Contract liabilities 3,002 Long-term debt, including current portion 4,700 Operating lease liabilities, non-current 738 Future pension and postretirement benefit obligations 11,607 Other long-term liabilities 2,368 Total liabilities acquired 27,305 Total identifiable net assets 11,611 Goodwill 21,589 Redeemable noncontrolling interest (34) Total consideration transferred $ 33,166 Fair value adjustments to Raytheon Company’s identified assets and liabilities included an increase in fixed assets of $1.1 billion and an increase to future pension and postretirement benefit obligations of $3.6 billion, primarily related to remeasurement of the liability based on market conditions on the Raytheon merger closing date. In determining the fair value of identifiable assets acquired and liabilities assumed, a review was conducted for any significant contingent assets or liabilities existing as of the closing date. The assessment did not note any material contingencies related to existing legal or government action. The Separation Transactions included the transfer of certain defined benefit plans from UTC to Carrier and Otis. The plans transferred were primarily international plans with the majority of the UTC defined benefit liability remaining with Raytheon Technologies. Upon separation, the pension participants within Carrier and Otis were effectively terminated from Raytheon Technologies. The terminations triggered a mid-year remeasurement of the UTC domestic plans. The remeasurement, which was calculated using discount rates and asset values as of April 3, 2020 (using March 31, 2020 as a practical expedient), resulted in a $2.4 billion increase to our pension liability, primarily due to a decrease in the fair market value of the plans’ assets since December 31, 2019. All service cost previously associated with Carrier and Otis was reclassified to discontinued operations. For non-service pension (income) expense and pension liabilities, generally only the portions related to the defined benefit plans transferred to Carrier and Otis as part of the Separation Transactions were reclassified to discontinued operations. The fair values of the customer relationship intangible assets were determined by using a discounted cash flow valuation method, which is a form of the income approach. Under this approach, the estimated future cash flows attributable to the asset are adjusted to exclude the future cash flows that can be attributed to supporting assets, such as tradenames or fixed assets. Both the amount and the duration of the cash flows are considered from a market participant perspective. Our estimates of market participant future cash flows, which required significant management judgment, included forecasted revenue growth rates, remaining developmental effort, operational performance including company specific synergies, program life cycles, material and labor pricing, and other relevant customer, contractual and market factors. Where appropriate, the net cash flows were probability-adjusted to reflect the uncertainties associated with the underlying assumptions, including cancellation rates related to backlog, government demand for sole-source and recompete contracts and win rates for recompete contracts, as well as the risk profile of the net cash flows utilized in the valuation. The probability-adjusted future cash flows were then discounted to present value, using an appropriate discount rate that required significant judgment by management. The customer relationship intangible assets are being amortized based on the pattern of economic benefits we expect to realize over the estimated economic life of the underlying programs. The fair value of the tradename intangible assets were determined utilizing the relief from royalty method, which is a form of the income approach. Under this method, a royalty rate based on observed market royalties is applied to projected revenue supporting the tradename and discounted to present value, using forecasted revenue growth rate projections and a discount rate, respectively, that required significant judgment by management. The tradename intangible assets were determined to have an indefinite life. The developed technology intangible assets are being amortized based on the pattern of economic benefits. The intangible assets included above consist of the following: (dollars in millions) Fair Value Useful Life Acquired customer relationships $ 12,900 25 years Acquired tradenames 5,430 Indefinite Acquired developed technology 800 5 to 7 years Total identifiable intangible assets $ 19,130 We also identified customer contractual obligations on loss making programs and recorded liabilities of $222 million related to these programs based on the difference between the actual expected operating loss and a normalized operating profit. These liabilities are being liquidated based on the expected pattern of expenses incurred on these contracts. We recorded $21.6 billion of goodwill as a result of the Raytheon merger which primarily relates to expected synergies from combining operations and the value of the existing workforce. The goodwill generated as a result of the Raytheon merger is nondeductible for tax purposes. Merger-Related Costs. Merger-related costs have been expensed as incurred. In 2021 and 2020, we recorded $17 million and $142 million, respectively, of Raytheon merger transaction and integration costs. These costs were recorded in Selling, general and administrative expenses within the Consolidated Statement of Operations. Supplemental Pro-Forma Data. Raytheon Company’s results of operations have been included in RTC’s financial statements for the period subsequent to the completion of the Raytheon merger on April 3, 2020. The following unaudited supplemental pro-forma data presents consolidated information as if the Raytheon merger had been completed on January 1, 2019. The pro-forma results were calculated by combining the results of Raytheon Technologies with the stand-alone results of Raytheon Company for the pre-acquisition periods, which were adjusted to account for certain costs that would have been incurred during this pre-acquisition period. The results below reflect Raytheon Technologies on a continuing operations basis, in order to more accurately represent the structure of Raytheon Technologies after completion of the Separation Transactions, the Distributions and the Raytheon merger. (dollars in millions, except per share amounts) 2020 Net sales $ 64,087 Loss from continuing operations attributable to common shareowners (2,167) Basic loss per share of common stock from continuing operations $ (1.43) Diluted loss per share of common stock from continuing operations (1.43) The unaudited supplemental pro-forma data above includes the following significant adjustments made to account for certain costs which would have been incurred if the acquisition had been completed on January 1, 2019, as adjusted for the applicable tax impact. As the merger was completed on April 3, 2020, the pro-forma adjustments in the table below only include the required adjustments through April 3, 2020. (dollars in millions) 2020 Amortization of acquired Raytheon Company intangible assets, net (1) $ (270) Amortization of fixed asset fair value adjustment (2) (9) Utilization of contractual customer obligation (3) 8 Deferred revenue fair value adjustment (4) (4) Adjustment to non-service pension (income) expense (5) 239 RTC/Raytheon fees for advisory, legal, accounting services (6) 134 Adjustment to interest expense related to the Raytheon merger, net (7) 9 Elimination of deferred commission amortization (8) 5 $ 112 (1) Reflects the additional amortization of the acquired Raytheon Company’s intangible assets recognized at fair value in purchase accounting and eliminates the historical Raytheon Company intangible asset amortization expense. (2) Reflects the amortization of the fixed asset fair value adjustment as of the acquisition date. (3) Reflects the additional amortization of liabilities recognized for certain acquired loss making contracts as of the acquisition date. (4) Reflects the difference between prepayments related to extended arrangements and the fair value of the assumed performance obligations as they are satisfied. (5) Represents the elimination of unamortized prior service costs and actuarial losses, as a result of fair value purchase accounting. (6) Reflects the elimination of transaction-related fees incurred by RTC and Raytheon Company in connection with the Raytheon merger and assumes all of the fees were incurred during the first quarter of 2019. (7) Reflects the amortization of the fair market value adjustment related to Raytheon Company. (8) Reflects the elimination of amortization recognized on deferred commissions that are eliminated in purchase accounting. The unaudited supplemental pro-forma financial information does not reflect the potential realization of cost savings related to the integration of the two companies. Further, the pro-forma data should not be considered indicative of the results that would have occurred if the acquisition had been consummated on January 1, 2019, nor are they indicative of future results. Dispositions. In 2022, 2021 and 2020 cash inflows related to dispositions were $94 million, $1.9 billion and $2.6 billion, respectively. Our dispositions of businesses in 2022 were immaterial. Our dispositions of businesses in 2021 and 2020 consisted of the dispositions discussed below and other immaterial dispositions. In December 2021, we divested our global training and services business within our RIS segment for approximately $0.9 billion in cash and other consideration, resulting in an aggregate pre-tax gain, net of transaction costs, of $251 million ($135 million after tax), which includes a $12 million pre-tax gain recognized in Non-service pension income within the Consolidated Statement of Operations. In January 2021, we sold our Forcepoint business for proceeds of $1.1 billion, net of cash transferred. We did not recognize a pre-tax gain or loss within the Consolidated Statement of Operations related to the sale of Forcepoint. The results of Forcepoint were included in Eliminations and other in our segment results. In the third quarter of 2020, in accordance with conditions imposed for regulatory approval of the Raytheon merger, we completed the sale of our Collins military Global Positioning System (GPS) and space-based precision optics businesses for $2.3 billion in cash, resulting in an aggregate pre-tax gain, net of transaction costs, of $580 million ($253 million after tax), of which $608 million was included in Other income, net partially offset by $20 million of aggregate transaction costs included in Selling, general and administrative costs and an $8 million expense included in Non-service pension income within our Consolidated Statement of Operations. In May 2020, in order to meet the requirements for regulatory approval of the Raytheon merger, we completed the sale of our airborne tactical radios business within our RIS segment for $231 million in cash, net of transaction-related costs. As the transaction occurred subsequent to the Raytheon merger, the gain of $199 million was not recorded in the Consolidated Statement of Operations, but rather was recorded as an adjustment to the fair value of net assets acquired in the allocation of consideration transferred to net assets acquired in the Raytheon merger. Goodwill. Changes in our goodwill balances for the year ended in 2022 were as follows: (dollars in millions) Balance as of January 1, 2022 Acquisitions and Divestitures Foreign currency Balance as of Collins Aerospace $ 31,384 $ (36) $ (629) $ 30,719 Pratt & Whitney 1,563 — — 1,563 Raytheon Intelligence & Space 9,813 26 2 9,841 Raytheon Missiles & Defense 11,659 41 — 11,700 Total Segment 54,419 31 (627) 53,823 Eliminations and other 17 — — 17 Total $ 54,436 $ 31 $ (627) $ 53,840 The Company reviews goodwill for impairment annually or more frequently if events or changes in circumstances indicate the asset might be impaired. We completed our annual goodwill impairment testing as of October 1, 2022 and determined that no adjustments to the carrying value of goodwill were necessary. For those reporting units where we performed a quantitative test, we estimated the fair value of our reporting units using a combination of discounted cash flows and market-based valuation methodologies. As noted above, these methodologies involve significant assumptions that are subject to variability. The key assumptions used in our quantitative analysis include our business projections, including revenue growth rates and operating profit margins, the long-term growth rate used to calculate the terminal value of the reporting unit, the discount rate, and comparable multiples from publicly traded companies in our industry. We consider both internal and external factors and refresh key assumptions annually or as considered necessary. Material changes in these estimates could occur and result in impairments in future periods. Based on our annual impairment analysis as of October 1, 2022, the reporting units that were closest to impairment were two previously combined Collins reporting units with fair values in excess of book values, including goodwill, of 15% and 17%. The combined value of goodwill allocated to these two reporting units is approximately $9.5 billion as of the date testing was performed. All other reporting units had a fair value substantially in excess of book value. We considered the deterioration in general economic and market conditions primarily due to the COVID-19 pandemic to be a triggering event in the first and second quarters of 2020, requiring an impairment evaluation of goodwill, intangible assets, net and other assets in our commercial aerospace businesses, Collins and Pratt & Whitney. Beginning in the second quarter of 2020, we observed several airline customer bankruptcies, delays and cancellations of aircraft purchases by airlines, fleet retirements and repositioning of OEM production schedules and we experienced significant unfavorable EAC adjustments at our Collins and Pratt & Whitney businesses due to a decline in flight hours, aircraft fleet utilization, shop visits and commercial OEM deliveries. These factors contributed to a deterioration of our expectations regarding the timing of a return to pre-COVID-19 commercial flight activity, which further reduced our future sales and cash flows expectations. In the second quarter of 2020, we evaluated the Collins and Pratt & Whitney reporting units for goodwill impairment and determined that the carrying values of two of the six Collins reporting units exceeded the sum of discounted future cash flows, resulting in goodwill impairments of $3.2 billion. Goodwill impairment was not indicated for any of the other reporting units evaluated for impairment in any of these scenarios. The Company continuously monitors and evaluates relevant events and circumstances that could unfavorably impact the significant assumptions noted above, including changes to U.S. treasury rates and equity risk premiums, tax rates, recent market valuations from transactions by comparable companies, volatility in the Company’s market capitalization, and general industry, market and macro-economic conditions. It is possible that future changes in such circumstances or in the inputs and assumptions used in estimating the fair value of our reporting units, could require the Company to record a non-cash impairment charge. Intangible Assets. Identifiable intangible assets are comprised of the following: 2022 2021 (dollars in millions) Gross Accumulated Gross Accumulated Amortized: Collaboration assets $ 5,536 $ (1,408) $ 5,319 $ (1,173) Exclusivity assets 2,911 (323) 2,673 (318) Developed technology and other 1,202 (544) 1,214 (466) Customer relationships 29,775 (8,967) 29,982 (7,411) 39,424 (11,242) 39,188 (9,368) Indefinite-lived: Trademarks and other 8,641 — 8,696 — Total $ 48,065 $ (11,242) $ 47,884 $ (9,368) We also completed our annual indefinite-lived intangible assets impairment testing as of October 1, 2022 and determined that no adjustments to the carrying value of these assets were necessary. In 2020, given the deterioration in general economic and market conditions primarily due to the COVID-19 pandemic, we performed an assessment of our indefinite-lived intangible assets and recorded charges of $57 million related to the impairment of an indefinite-lived tradename intangible assets at Collins. Amortization of intangible assets was $1,957 million, $2,439 million and $2,125 million in 2022, 2021 and 2020, respectively. The following is the expected amortization of total intangible assets for 2023 through 2027: (dollars in millions) 2023 2024 2025 2026 2027 Amortization expense $2,082 $2,203 $2,086 $2,002 $1,882

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	NOTE 3: DISCONTINUED OPERATIONS As discussed above, on April 3, 2020, UTC separated into three independent, publicly traded companies – UTC, Carrier and Otis and distributed all of the outstanding common stock of Carrier and Otis to UTC shareowners who held shares of U TC common stock as of the close of business on March 19, 2020. Carrier and Otis are presented as discontinued operations and, as such, have been excluded from both continuing operations and segment results for all periods presented. Loss from discontinued operations is as follows: (dollars in millions) 2022 2021 2020 Otis $ — $ — $ 187 Carrier — — 196 Separation related and other discontinued operations transactions (19) (33) (793) Loss from discontinued operations attributable to common shareowners $ (19) $ (33) $ (410) The following summarized financial information related to discontinued operations has been reclassified from Income from continuing operations and included in Income (loss) from discontinued operations: (dollars in millions) 2022 2021 2020 Otis Products sales $ — $ — $ 1,123 Services sales — — 1,843 Cost of sales - products — — 913 Cost of sales - services — — 1,157 Research and development — — 38 Selling, general and administrative expense — — 450 Other income (expense), net — — (65) Non-operating expense (income), net — — 3 Income from discontinued operations, before income taxes — — 340 Income tax expense — — 116 Income from discontinued operations — — 224 Less: Noncontrolling interest in subsidiaries earnings from discontinued operations — — 37 Income from discontinued operations attributable to common shareowners $ — $ — $ 187 Carrier Products sales $ — $ — $ 3,143 Services sales — — 741 Cost of sales - products — — 2,239 Cost of sales - services — — 527 Research and development — — 98 Selling, general and administrative expense — — 669 Other income (expense), net — — (30) Non-operating expense (income), net — — 17 Income from discontinued operations, before income taxes — — 304 Income tax expense — — 102 Income from discontinued operations — — 202 Less: Noncontrolling interest in subsidiaries earnings from discontinued operations — — 6 Income from discontinued operations attributable to common shareowners $ — $ — $ 196 Separation related and other discontinued operations transactions (1) Selling, general and administrative expense $ — $ 10 $ 151 Other income (expense), net (30) — (709) Loss from discontinued operations, before income taxes (30) (10) (860) Income tax (benefit) expense (11) 23 (67) Loss from discontinued operations, net of tax (19) (33) (793) Total loss from discontinued operations attributable to common shareowners $ (19) $ (33) $ (410) (1) Primarily reflects unallocable transaction costs incurred by the Company primarily related to professional services costs pertaining to the Separation Transactions and the establishment of Carrier and Otis as stand-alone public companies, facility relocation costs, costs to separate information systems, costs of retention bonuses and tax charges and benefits related to separation activities. In addition, 2020 includes debt extinguishment costs related to the Company’s paydown of debt to not exceed the maximum applicable net indebtedness under the Raytheon merger agreement. Selected financial information related to cash flows from discontinued operations is as follows: (dollars in millions) 2022 2021 2020 Net cash flows used in operating activities from discontinued operations $ — $ (71) $ (728) Net cash flows used in investing activities from discontinued operations — — (241) Net cash flows provided by (used in) financing activities from discontinued operations — 71 (1,414) Net cash flows used in operating activities from discontinued operations includes the net operating cash flows of Carrier and Otis prior to the Separation Transactions, as well as costs incurred by the Company primarily related to professional services pertaining to the Separation Transactions and the establishment of Carrier and Otis as stand-alone public companies, facility relocation costs, costs to separate information systems, costs of retention bonuses and tax charges related to separation activities. Net cash flows provided by (used in) financing activities from discontinued operations primarily consists of net cash transfers from Carrier and Otis to the Company, as well as debt extinguishment costs related to the early repayment of debt in 2020. The Separation of Carrier was treated as a return on capital and recorded as a reduction to retained earnings, as it was in a net asset position, while the Separation of Otis was treated as a return of capital and recorded as an adjustment to Common stock, as it was in a net liability position.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 4: EARNINGS PER SHARE (dollars in millions, except per share amounts; shares in millions) 2022 2021 2020 Net income (loss) attributable to common shareowners: Income (loss) from continuing operations $ 5,216 $ 3,897 $ (3,109) Loss from discontinued operations (19) (33) (410) Net income (loss) attributable to common shareowners $ 5,197 $ 3,864 $ (3,519) Basic weighted average number of shares outstanding 1,475.5 1,501.6 1,357.8 Stock awards and equity units (share equivalent) 10.4 6.9 — Diluted weighted average number of shares outstanding 1,485.9 1,508.5 1,357.8 Earnings (Loss) per share attributable to common shareowners - basic Income (loss) from continuing operations $ 3.54 $ 2.60 $ (2.29) Loss from discontinued operations (0.02) (0.03) (0.30) Net income (loss) attributable to common shareowners $ 3.52 $ 2.57 $ (2.59) Earnings (Loss) per share attributable to common shareowners - diluted Income (loss) from continuing operations $ 3.51 $ 2.58 $ (2.29) Loss from discontinued operations (0.01) (0.02) (0.30) Net income (loss) attributable to common shareowners $ 3.50 $ 2.56 $ (2.59) The computation of diluted EPS excludes the effect of the potential exercise of stock awards, including stock appreciation rights and stock options, when the average market price of the common stock is lower than the exercise price of the related stock awards during the period because the effect would be anti-dilutive. In addition, the computation of diluted EPS excludes the effect of the potential exercise of stock awards when the awards’ assumed proceeds exceed the average market price of the common shares during the period. For 2022 and 2021, there were 6.2 million and 13.4 million stock awards excluded from the computation, respectively. For 2020, all stock awards were excluded from the computation of diluted EPS because their effect was antidilutive due to the loss from continuing operations, and amounted to 32.5 million stock awards.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure	NOTE 5: ACCOUNTS RECEIVABLE, NET Accounts receivable, net consisted of the following: (dollars in millions) 2022 2021 U.S. government contracts (including foreign military sales) $ 1,371 $ 1,204 Other customers 8,189 8,932 Allowance for expected credit losses (452) (475) Total accounts receivable, net $ 9,108 $ 9,661 The changes in the allowance for expected credit losses related to Accounts receivable were as follows: (dollars in millions) 2022 2021 Balance as of January 1 $ 475 $ 546 Current period provision for expected credit losses, net of recoveries 26 (47) Write-offs charged against the allowance for expected credit losses (42) (18) Other, net (7) (6) Balance as of December 31 $ 452 $ 475

Contract Assets and Liabilities

Contract Assets and Liabilities	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer	NOTE 6: CONTRACT ASSETS AND LIABILITIES Contract assets reflect revenue recognized and performance obligations satisfied in advance of customer billing. Contract liabilities relate to payments received in advance of the satisfaction of performance under the contract. We receive payments from customers based on the terms established in our contracts. Total contract assets and contract liabilities as of December 31, 2022 and 2021 are as follows: (dollars in millions) 2022 2021 Contract assets $ 11,534 $ 11,361 Contract liabilities (14,598) (13,720) Net contract liabilities $ (3,064) $ (2,359) Contract assets increased $173 million during 2022 primarily due to sales in excess of billings at Pratt & Whitney, partially offset by contractual billing terms on U.S. government and foreign military sales contracts at RMD. Contract liabilities increased $878 million during 2022 primarily due to billings in excess of sales at Pratt & Whitney and RMD. In 2022, 2021 and 2020, we recognized revenue of $4.8 billion, $4.3 billion and $2.8 billion related to our Contract liabilities at January 1, 2022, January 1, 2021 and January 1, 2020, respectively. As of December 31, 2022, our Contract liabilities include approximately $385 million of advance payments received from a Middle East customer on contracts for which we no longer believe we will be able to execute on or obtain required regulatory approvals. These advance payments may become refundable to the customer if the contracts are ultimately terminated. In addition, as of December 31, 2022, our Contract liabilities include advance payments, in immaterial amounts, received from Russian customers on contracts we are currently unable to perform on due to global sanctions on Russia and export controls. Depending on the contractual terms and as allowed by sanctions, certain of these advance payments may become refundable. Contract assets consisted of the following at December 31: (dollars in millions) 2022 2021 Unbilled $ 23,909 $ 23,652 Progress payments (12,375) (12,291) Total contract assets $ 11,534 $ 11,361 The U.S. government has title to the assets related to unbilled amounts on U.S. government contracts that provide progress payments. Contract assets are net of an allowance for expected credit losses of $318 million and $251 million as of December 31, 2022 and 2021, respectively. The allowance for expected credit losses activity was not material in 2022 or 2021.

Inventory, Net

Inventory, Net	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventory, Net	NOTE 7: INVENTORY, NET (dollars in millions) 2022 2021 Raw materials $ 3,477 $ 3,024 Work-in-process 3,839 3,085 Finished goods 3,301 3,069 Total inventory, net $ 10,617 $ 9,178

Commercial Aerospace Industry A

Commercial Aerospace Industry Assets and Commitments	12 Months Ended
	Dec. 31, 2022
Other Commitments [Abstract]
Commercial Aerospace Industry Assets and Commitments	NOTE 8: COMMERCIAL AEROSPACE INDUSTRY ASSETS AND COMMITMENTS The COVID-19 pandemic continues to negatively affect the global economy, our business and operations, and the industries in which we operate. The pandemic and government, business and individual actions in response, including lockdowns, quarantines, border closings and other travel restrictions and requirements, remote working, facilities closures and reduced business and leisure travel, led to significant declines in demand for commercial air travel. The decrease in commercial air travel decreased demand for our commercial aerospace products and services of our Collins and Pratt & Whitney businesses. Refer to “Note 1: Basis of Presentation and Summary of Accounting Principles” for further details. While we have seen indications that commercial air travel is recovering, we continue to closely monitor our commercial aerospace assets for recoverability and our off-balance sheet exposures. The following summarizes certain significant assets and off-balance sheet exposures specifically related to our commercial aerospace customers as of December 31: (dollars in millions) 2022 2021 Assets related to commercial aerospace industry customers: Accounts receivable, net (Note 5) $ 6,653 $ 7,235 Contract assets (Note 6) 4,274 3,264 Customer financing assets (1) (Note 1) 2,700 2,945 Contract fulfillment costs (Note 1) 1,962 1,711 Guarantees and commitments related to commercial aerospace industry customers: Commercial aerospace guarantees (net of reserves and collaboration partners’ share) (Note 17) 164 165 Commercial aerospace commitments (net of collaboration partners’ share) (Note 18) 9,364 9,659 (1) Customer financing assets is inclusive of both the current and long term balances. We also have goodwill and intangible assets, including exclusivity assets and collaboration assets, associated with our commercial aerospace business. Refer to “Note 2: Business Acquisitions, Dispositions, Goodwill and Intangible Assets” for further discussion.

Fixed Assets

Fixed Assets	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Fixed Assets, Net	NOTE 9: FIXED ASSETS, NET Fixed assets, net, consisted of the following: (dollars in millions) Estimated 2022 2021 Land $ 744 $ 765 Buildings and improvements 10-45 years 7,519 7,271 Machinery, tools and equipment 3-20 years 17,479 16,729 Other, including assets under construction 3,374 2,872 Fixed assets, gross 29,116 27,637 Accumulated depreciation (13,946) (12,665) Fixed assets, net $ 15,170 $ 14,972 Leasehold improvements are amortized over the lesser of the remaining lease term or the estimated useful life of the improvement. Depreciation expense related to Fixed assets, net is recorded predominantly utilizing the straight-line method and was $1,843 million in 2022, $1,828 million in 2021 and $1,767 million in 2020.

Borrowings and Lines of Credit

Borrowings and Lines of Credit	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Borrowings and Lines of Credit	NOTE 10: BORROWINGS AND LINES OF CREDIT As of December 31, 2022, we had revolving credit agreements with various banks permitting aggregate borrowings of up to $7.0 billion, consisting of a $5.0 billion revolving credit agreement, which expires in April 2025, and a $2.0 billion revolving credit agreement, which was renewed in September 2022 and expires in September 2023. As of December 31, 2022, there were no borrowings outstanding under these agreements. In addition, at December 31, 2022, approximately $0.8 billion was available under short-term lines of credit with local banks at our various domestic and international subsidiaries. From time to time, we use commercial paper borrowings for general corporate purposes, including the funding of potential acquisitions, pension contributions, debt refinancing, dividend payments and repurchases of our common stock. The commercial paper notes have original maturities of not more than 364 days from the date of issuance. As of December 31, 2022, our maximum commercial paper borrowing limit was $5.0 billion as the commercial paper is backed by our $5.0 billion revolving credit agreement. We had $524 million of commercial paper outstanding at December 31, 2022, which is reflected in Short-term borrowings in our Consolidated Balance Sheet. At December 31, 2022, short-term commercial paper borrowings outstanding had a weighted-average interest rate of 4.4%. There was no commercial paper outstanding at December 31, 2021. Proceeds from issuance of commercial paper with maturities greater than 90 days were $1.4 billion during 2022. There were $1.2 billion repayments of commercial paper with maturities greater than 90 days during 2022. During 2021, we had no commercial paper borrowings with original maturities more than 90 days from the date of issuance. On November 17, 2021, we completed a cash tender offer for the notes included in the repayments table below (the Tender Offer Notes), resulting in a partial repayment of approximately $1.5 billion of aggregate principal on these notes. In connection with this transaction, we recorded debt extinguishment costs of $617 million, primarily related to premiums. We had de minimis issuances and repayments of long-term debt during 2022. We had the following issuances of long-term debt during 2021: Issuance Date Description of Notes Aggregate Principal Balance (in millions) November 16, 2021 2.375% notes due 2032 (1) $ 1,000 3.030% notes due 2052 (1) 1,100 August 10, 2021 1.900% notes due 2031 (2) 1,000 2.820% notes due 2051 (2) 1,000 (1) The net proceeds received from these debt issuances were used to fund the purchase of the Tender Offer Notes. (2) The net proceeds received from these debt issuances, along with cash on hand, were used to fund the repayment of our 2.800% and 2.500% notes due in 2022. We made the following repayments of long-term debt during 2021: Repayment Date Description of Notes Aggregate Principal Balance (in millions) November 17, 2021 5.700% notes due 2040 (1) $ 447 6.125% notes due 2038 (1) 425 6.050% notes due 2036 (1) 190 5.400% notes due 2035 (1) 154 7.500% notes due 2029 (1) 136 6.700% notes due 2028 (1) 115 6.800% notes due 2036 (1) 17 7.000% notes due 2038 (1) 11 7.100% notes due 2027 (1) 6 November 15, 2021 3.100% notes due 2021 250 August 26, 2021 2.800% notes due 2022 (1) 1,100 2.500% notes due 2022 (1) 1,100 March 1, 2021 8.750% notes due 2021 250 (1) In connection with the early repayment of outstanding principal, we recorded debt extinguishment costs of $649 million in 2021. Long-term debt consisted of the following as of December 31: (dollars in millions) 2022 2021 3.650% notes due 2023 (1) $ 171 $ 171 3.700% notes due 2023 (1) 400 400 3.200% notes due 2024 (1) 950 950 3.150% notes due 2024 (1) 300 300 3.950% notes due 2025 (1) 1,500 1,500 2.650% notes due 2026 (1) 719 719 3.125% notes due 2027 (1) 1,100 1,100 3.500% notes due 2027 (1) 1,300 1,300 7.200% notes due 2027 (1) 382 382 7.100% notes due 2027 135 135 6.700% notes due 2028 285 285 7.000% notes due 2028 (1) 185 185 4.125% notes due 2028 (1) 3,000 3,000 7.500% notes due 2029 (1) 414 414 2.150% notes due 2030 (€500 million principal value) (1) 531 565 2.250% notes due 2030 (1) 1,000 1,000 1.900% notes due 2031 (1) 1,000 1,000 2.375% notes due 2032 (1) 1,000 1,000 5.400% notes due 2035 (1) 446 446 6.050% notes due 2036 (1) 410 410 6.800% notes due 2036 (1) 117 117 7.000% notes due 2038 148 148 6.125% notes due 2038 (1) 575 575 4.450% notes due 2038 (1) 750 750 5.700% notes due 2040 (1) 553 553 4.875% notes due 2040 (1) 600 600 4.700% notes due 2041 (1) 425 425 4.500% notes due 2042 (1) 3,500 3,500 4.800% notes due 2043 (1) 400 400 4.200% notes due 2044 (1) 300 300 4.150% notes due 2045 (1) 850 850 3.750% notes due 2046 (1) 1,100 1,100 4.050% notes due 2047 (1) 600 600 4.350% notes due 2047 (1) 1,000 1,000 4.625% notes due 2048 (1) 1,750 1,750 3.125% notes due 2050 (1) 1,000 1,000 2.820% notes due 2051 (1) 1,000 1,000 3.030% notes due 2052 (1) 1,100 1,100 Other (including finance leases) 253 270 Total principal long-term debt 31,249 31,300 Other (fair market value adjustments, (discounts)/premiums and debt issuance costs) 40 51 Total long-term debt 31,289 31,351 Less: current portion 595 24 Long-term debt, net of current portion $ 30,694 $ 31,327 (1) We may redeem these notes, in whole or in part, at our option pursuant to their terms prior to the applicable maturity date. The weighted-average interest rate related to total debt was 4.0% at both December 31, 2022 and 2021. The average maturity of our long-term debt at December 31, 2022 is approximately 14 years. The schedule of principal payments required on long-term debt for the next five years and thereafter is: (in millions) 2023 $ 588 2024 1,270 2025 1,590 2026 751 2027 2,935 Thereafter 24,115 Total $ 31,249

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Employee Benefit and Share-Based Payment Arrangement, Noncash Expense [Abstract]
Employee Benefit Plans	NOTE 11: EMPLOYEE BENEFIT PLANS We sponsor various domestic and foreign employee benefit plans, which are discussed below. Employee Savings Plans. We sponsor various employee savings plans. Our contributions to employer sponsored defined contribution plans were $1,037 million, $962 million and $875 million for 2022, 2021 and 2020, respectively. Our non-union domestic employee savings plan for legacy UTC employees uses an Employee Stock Ownership Plan (ESOP) for employer matching contributions. External borrowings were used by the ESOP to fund a portion of its purchase of ESOP stock from us. The external borrowings have been extinguished and only re-amortized loans remain between RTC and the ESOP Trust. As ESOP debt service payments are made, common stock is released from an unreleased shares account. ESOP debt may be prepaid or re-amortized to either increase or decrease the number of shares released so that the value of released shares equals the value of plan benefit. We may also, at our option, contribute additional common stock or cash to the ESOP. Shares of common stock are allocated to employees’ ESOP accounts at fair value on the date earned. Cash dividends on common stock held by the ESOP are used for debt service payments. Participants may choose to have their ESOP dividends reinvested or distributed in cash. Common stock allocated to ESOP participants is included in the average number of common shares outstanding for both basic and diluted EPS. At December 31, 2022, 24.7 million common shares had been allocated to employees, leaving 5.1 million unallocated common shares in the ESOP Trust, with a fair value of $512 million. Pension and Postretirement Plans. We sponsor both funded and unfunded domestic and foreign defined benefit pension plans that cover a large number of our employees. Our largest plans are generally closed to new participants. We also sponsor both funded and unfunded PRB plans that provide health care and life insurance benefits to eligible retirees. Our plans use a December 31 measurement date consistent with our fiscal year. Raytheon Company has both funded and unfunded domestic and foreign defined benefit pension and PRB plans. As of the merger date, the Raytheon Company plans were remeasured at fair value using accounting policies consistent with the UTC plans. Refer to “Note 2: Business Acquisitions, Dispositions, Goodwill and Intangible Assets” for additional information. The deferred pension and PRB plan losses included in Raytheon Company’s accumulated other comprehensive income (loss) as of the merger date were eliminated and are no longer subject to amortization in net periodic benefit (income) expense. Amounts prior to the merger date of April 3, 2020 do not include the Raytheon Company pension plan results. In December 2020, we approved a change to the Raytheon Company domestic benefit pension plans for non-union participants to cease future benefit accruals based on an employee’s years of service and compensation under the historical formula effective December 31, 2022. The plan change does not impact participants’ historical benefit accruals. Benefits for service after December 31, 2022 will be based on a cash balance formula. We utilized a practical expedient and measured the plan assets and pension benefit obligations for the effected pension plans as of the nearest month end, December 31, 2020, resulting in a prior service credit of $2.1 billion. For non-union employees in the UTC domestic pension plans, benefits for service up to December 31, 2014 are generally based on the employee’s years of service and compensation. Benefits for service after December 31, 2014 and through December 31, 2019 are based on the existing cash balance formula that was adopted in 2003 for newly hired non-union employees and for non-union employees who made a one-time voluntary election to have future benefit accruals determined under this formula. In September 2019, we amended the UTC domestic defined benefit pension plans to cease accrual of additional benefits for future service and compensation for non-union participants effective December 31, 2019. Beginning January 1, 2020, these participants began receiving additional contributions under the UTC domestic defined contribution plan. Benefits for union employees in the UTC domestic pension plans are generally based on a stated amount for each year of service. We made the following contributions to our pension and PRB plans’ trusts during the years ended December 31: (dollars in millions) 2022 2021 2020 U.S. qualified defined benefit plans $ — $ — $ 885 International defined benefit plans 69 42 125 PRB plans 25 17 15 The contributions to our U.S. qualified defined benefit plans in 2020 include a $750 million discretionary contribution to the Raytheon Company U.S. qualified pension plans’ trust. The contributions to our International defined benefit plans in 2020 include discretionary contributions of $51 million. Pension PRB (dollars in millions) 2022 2021 2022 2021 Change in Benefit Obligation: Beginning balance $ 67,214 $ 71,257 $ 1,370 $ 1,535 Service cost attributable to continuing operations 470 523 6 7 Interest cost 1,520 1,249 29 24 Actuarial gain (15,466) (1,643) (294) (73) Total benefits paid (1) (4,328) (4,098) (166) (165) Net settlement, curtailment and special termination benefits 3 (89) (8) (11) Plan amendments 131 59 — — Business combinations and divestitures — 48 — — Other (2) (516) (92) 47 53 Ending balance $ 49,028 $ 67,214 $ 984 $ 1,370 Change in Plan Assets: Beginning balance $ 63,323 $ 62,318 $ 389 $ 381 Actual return on plan assets (10,841) 4,983 (63) 36 Employer contributions (1) 306 289 98 95 Total benefits paid (1) (4,328) (4,098) (166) (165) Settlements (4) (85) (8) (11) Other (2) (496) (84) 52 53 Ending balance $ 47,960 $ 63,323 $ 302 $ 389 Funded Status: Fair value of plan assets $ 47,960 $ 63,323 $ 302 $ 389 Benefit obligations (49,028) (67,214) (984) (1,370) Funded status of plan $ (1,068) $ (3,891) $ (682) $ (981) Amounts Recognized in the Consolidated Balance Sheet Consist of: Noncurrent assets $ 3,301 $ 3,214 $ — $ — Current liability (236) (232) (71) (78) Noncurrent liability (4,133) (6,873) (611) (903) Net amount recognized $ (1,068) $ (3,891) $ (682) $ (981) Amounts Recognized in Accumulated Other Comprehensive Loss Consist of: Net actuarial (gain) loss $ 2,950 $ 4,402 $ (394) $ (199) Prior service credit (1,424) (1,715) (4) (6) Net amount recognized $ 1,526 $ 2,687 $ (398) $ (205) (1) Includes benefit payments paid directly by the company. (2) The amount included in Other primarily reflects the impact of foreign exchange translation, primarily for plans in the United Kingdom (U.K.) and Canada, and participant contributions. The majority of our pension obligations relate to our U.S. Internal Revenue Service (IRS) qualified pension plans, which comprise 87% and 86% of our pension PBO as of December 31, 2022 and 2021, respectively. 3% of our pension PBO as of both December 31, 2022 and 2021 is attributable to our nonqualified domestic pension plans, which provide supplementary retirement benefits to certain employees in excess of the IRS qualified plan limits. International plans comprise 10% and 11% of the pension PBO as of December 31, 2022 and 2021, respectively, and are considered defined benefit pension plans for accounting purposes. In addition to the pension and PRB noncurrent liabilities shown above, Future pension and postretirement benefit obligations on the Consolidated Balance Sheet includes other immaterial pension and PRB-related liabilities. Information for pension plans with accumulated benefit obligations in excess of plan assets: (dollars in millions) 2022 2021 Projected benefit obligation $ 22,116 $ 28,960 Accumulated benefit obligation 22,080 28,494 Fair value of plan assets 17,747 22,002 The accumulated benefit obligation for all defined benefit pension plans was $48.8 billion and $66.5 billion at December 31, 2022 and 2021, respectively. Information for pension plans with projected benefit obligations in excess of plan assets: (dollars in millions) 2022 2021 Projected benefit obligation $ 22,116 $ 31,471 Accumulated benefit obligation 22,080 30,745 Fair value of plan assets 17,747 24,366 The components of the net periodic pension (income) expense are as follows: (dollars in millions) 2022 2021 2020 Operating expense Service cost $ 470 $ 523 $ 483 Non-operating expense Interest cost 1,520 1,249 1,650 Expected return on plan assets (3,544) (3,476) (2,995) Amortization of prior service cost (credit) (163) (168) 51 Recognized actuarial net loss 305 435 337 Net settlement, curtailment and special termination benefits loss 2 22 45 Non-service pension income (1,880) (1,938) (912) Total net periodic pension benefit (income) expense $ (1,410) $ (1,415) $ (429) The components of the net periodic PRB (income) expense are as follows: (dollars in millions) 2022 2021 2020 Operating expense Service cost $ 6 $ 7 $ 6 Non-operating expense Interest cost 29 24 37 Expected return on plan assets (22) (21) (13) Amortization of prior service credit (2) (3) (3) Recognized actuarial net gain (11) (6) (12) Net settlement, curtailment and special termination benefits (gain) loss (3) — 1 Non-service pension (income) expense (9) (6) 10 Total net periodic PRB benefit (income) expense $ (3) $ 1 $ 16 Other changes in pension plan assets and benefit obligations recognized in other comprehensive loss in 2022 and 2021 are as follows: (dollars in millions) 2022 2021 Net actuarial gain arising during the period $ (1,082) $ (3,158) Amortization of actuarial loss (305) (435) Current year prior service cost 131 59 Amortization of prior service credit 163 168 Net settlement and curtailment 1 (17) Other (1) (69) (6) Total recognized in other comprehensive (income) loss (1,161) (3,389) Net recognized in net periodic benefit (income) cost and other comprehensive (income) loss $ (2,571) $ (4,804) (1) The amount included in Other primarily reflects the impact of foreign exchange translation, primarily for plans in the U.K. and Canada. The Actuarial gain arising in 2022 was primarily due to an increase in discount rates during 2022, partially offset by actual asset returns less than our expected return on assets. The Actuarial gain arising in 2021 was primarily due to an increase in discount rates during 2021 and asset returns exceeding our expected return on assets, partially offset by demographic losses. Other changes in PRB assets and benefit obligations recognized in other comprehensive loss in 2022 and 2021 are as follows: (dollars in millions) 2022 2021 Net actuarial gain arising during the period $ (209) $ (88) Amortization of actuarial gain 11 6 Amortization of prior service credit 2 3 Net settlement and curtailment 3 — Total recognized in other comprehensive (income) loss (193) (79) Net recognized in net periodic benefit (income) cost and other comprehensive loss $ (196) $ (78) The Actuarial gain arising in 2022 was primarily due to an increase in discount rates during 2022, partially offset by actual asset returns less than our expected return on assets on our funded plans. The Actuarial gain arising in 2021 was primarily due to an increase in discount rates during 2021 and asset returns exceeding our expected return on assets on our funded plans. The table below reflects the total benefit payments expected to be paid from the plans or from corporate assets. (dollars in millions) Pension PRB 2023 $ 4,418 $ 107 2024 3,796 100 2025 3,780 94 2026 3,734 89 2027 3,671 84 2028-2032 17,654 357 Major assumptions used in determining the pension benefit obligation and net periodic pension benefit (income) expense are presented in the following table as weighted-averages: Benefit Obligation Net Periodic Benefit (Income) Expense 2022 2021 2022 2021 2020 Discount rate PBO 5.5 % 2.8 % 2.8 % 2.5 % 3.2 % Interest cost (1) N/A N/A 2.3 % 1.8 % 2.8 % Service cost (1) N/A N/A 3.1 % 2.8 % 3.5 % Salary scale 4.4 % 4.4 % 4.4 % 4.4 % 4.3 % Expected return on plan assets N/A N/A 6.5 % 6.5 % 6.5 % Interest crediting rate 4.5 % 4.0 % 4.0 % 3.8 % 3.8 % (1) The discount rates used to measure the service cost and interest cost applies to our significant plans. The PBO discount rate is used for the service cost and interest cost measurements for non-significant plans. Major assumptions used in determining the PRB benefit obligation and net periodic PRB (income) expense are presented in the following table as weighted-averages: Benefit Obligation Net Periodic Benefit (Income) Expense 2022 2021 2022 2021 2020 Discount rate 5.5 % 2.8 % 2.8 % 2.4 % 3.1 % Expected return on assets N/A N/A 5.7 % 5.7 % 5.7 % Assumed health care cost trend rates used in determining the PRB benefit obligation and net periodic PRB (income) expense are as follows: 2022 2021 Health care cost trend rate assumed for next year 5.0 % 4.7 % Ultimate health care cost trend rate 4.2 % 4.2 % Year that the rate reaches the ultimate health care cost trend rate 2029 2026 The weighted-average discount rates used to measure pension and PRB liabilities are based on yield curves developed using high-quality corporate bonds as well as plan specific expected cash flows. For our significant plans, we utilize a full yield curve approach in the estimation of the service cost and interest cost components of net periodic benefit expense by applying the specific spot rates along the yield curve used in determination of the benefit obligation to the relevant discounted projected cash flows. In determining the EROA assumption, we consider the target asset allocation of plan assets, as well as economic and other indicators of future performance. We consult with and consider the opinions of financial and other professionals in determining the appropriate capital market assumptions. Return projections are validated using a simulation model that incorporates yield curves, credit spreads and risk premiums to project long-term prospective returns. As a result of this analysis at year end 2022, our weighted average pension EROA assumption for 2023 increased to 7.1%. Plan Assets. The plans’ investment management objectives include providing the liquidity and asset levels needed to meet current and future benefit payments, while maintaining a prudent degree of portfolio diversification considering interest rate risk and market volatility. Globally, investment strategies generally target a mix of 40% to 45% of growth seeking assets and 55% to 60% of income generating and hedging assets using a wide set of diversified asset types, fund strategies and investment managers. The growth seeking allocation consists of global public equities in developed and emerging countries, private equity, real estate and multi-asset class strategies. Growth assets include an enhanced alpha strategy that invests in publicly traded equity and fixed income securities, derivatives and foreign currency. Investments in private equity are primarily via limited partnership interests in buy-out strategies with smaller allocations to distressed debt funds. The real estate strategy is principally concentrated in directly held U.S. core investments with some smaller investments in international, value-added and opportunistic strategies. Within the income generating assets, the fixed income portfolio consists of mainly government and broadly diversified high quality corporate bonds. The plans have continued their pension risk management techniques designed to reduce their interest rate risk. Specifically, the plans have incorporated liability hedging programs that include the adoption of a risk reduction objective as part of the long-term investment strategy. Under this objective the interest rate hedge is intended to increase as funded status improves. The hedging programs incorporate a range of assets and investment tools, each with varying interest rate sensitivities. The investment portfolios are currently hedging approximately 40% to 80% of the interest rate sensitivity of the pension plan liabilities, depending on the funded status of the plan. The fair values of pension plan assets at December 31, 2022 and 2021 by asset category are as follows: (dollars in millions) Quoted Prices in Active Markets For Identical Assets Significant Observable Inputs Significant Unobservable Inputs Not Subject to Leveling (8) Total Asset Category: Public Equities Global Equities $ 6,194 $ 5 $ — $ — $ 6,199 Global Equity Commingled Funds (1) 20 568 — — 588 Enhanced Global Equities (2) (53) 75 — — 22 Other Public Equities — — — 5,771 5,771 Private Equities (3) — — — 4,068 4,068 Fixed Income Securities Governments 2,526 1,426 — — 3,952 Corporate Bonds 1 12,638 — — 12,639 Structured Products — 57 — — 57 Other Fixed Income — — — 6,975 6,975 Real Estate (4) — — 1,650 1,761 3,411 Other (5) — 84 — 3,071 3,155 Cash & Cash Equivalents (6) — 150 — 164 314 Subtotal $ 8,688 $ 15,003 $ 1,650 $ 21,810 $ 47,151 Other Assets & Liabilities (7) 809 Total at December 31, 2022 $ 47,960 Public Equities Global Equities $ 9,411 $ 6 $ — $ — $ 9,417 Global Equity Commingled Funds (1) 3 929 — — 932 Enhanced Global Equities (2) 46 163 — — 209 Other Public Equities — — — 8,495 8,495 Private Equities (3) — — — 4,490 4,490 Fixed Income Securities Governments 1,933 1,172 — — 3,105 Corporate Bonds 1 18,681 — — 18,682 Structured Products — 25 — — 25 Other Fixed Income — — — 7,367 7,367 Real Estate (4) — — 1,885 1,743 3,628 Other (5) — 91 — 5,351 5,442 Cash & Cash Equivalents (6) — 111 — 220 331 Subtotal $ 11,394 $ 21,178 $ 1,885 $ 27,666 $ 62,123 Other Assets & Liabilities (7) 1,200 Total at December 31, 2021 $ 63,323 (1) Represents commingled funds that invest primarily in common stocks. (2) Represents enhanced equity separate account and commingled fund portfolios. A portion of the portfolio may include long-short market neutral and relative value strategies that invest in publicly traded, equity and fixed income securities, as well as derivatives of equity and fixed income securities and foreign currency. (3) Represents limited partnership investments with general partners that primarily invest in equity and debt. (4) Represents investments in real estate including commingled funds and directly held properties. (5) Represents global balanced risk commingled funds that invest in multiple asset classes including equity, fixed income and some commodities. “Other” also includes insurance contracts. (6) Represents short-term commercial paper, bonds and other cash or cash-like instruments. (7) Represents receivables, payables and certain individually immaterial international plan assets that are not leveled. (8) In accordance with ASU 2015-07, Fair Value Measurement (Topic 820) , certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented for the total pension benefits plan assets. Derivatives in the plan are primarily used to manage risk and gain asset class exposure while still maintaining liquidity. Derivative instruments mainly consist of equity futures, interest rate futures, interest rate swaps and currency forward contracts. The fair market value of the plans’ derivatives through direct or separate account investments was approximately $(79) million and $98 million as of December 31, 2022 and 2021, respectively. We review our assets at least quarterly to ensure we are within the targeted asset allocation ranges and, if necessary, asset balances are adjusted back within target allocations. We employ a broadly diversified investment manager structure that includes diversification by active and passive management, style, capitalization, country, sector, industry and number of investment managers. No individual investment represented more than 5% of the plan assets as of December 31, 2022. The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed due to the following: (dollars in millions) Corporate Bonds Real Estate Total Balance, December 31, 2020 $ 2 $ 1,647 $ 1,649 Realized gains — 212 212 Unrealized gains relating to instruments still held in the reporting period — 50 50 Purchases, sales, and settlements, net — (24) (24) Transfers in/out, net (2) — (2) Balance, December 31, 2021 — 1,885 1,885 Realized gains — 76 76 Unrealized gains relating to instruments still held in the reporting period — 64 64 Purchases, sales, and settlements, net — (211) (211) Transfers in/out, net — (164) (164) Balance, December 31, 2022 $ — $ 1,650 $ 1,650 Quoted market prices are used to value investments when available. Investments in securities traded on exchanges, including listed futures and options, are valued at the last reported sale prices on the last business day of the year or, if not available, the last reported bid prices. Fixed income securities are primarily measured using a market approach pricing methodology, where observable prices are obtained by market transactions involving identical or comparable securities of issuers with similar credit ratings. Mortgages have been valued on the basis of their future principal and interest payments discounted at prevailing interest rates for similar investments. Investment contracts are valued at fair value by discounting the related cash flows based on current yields of similar instruments with comparable durations. Real estate investments are valued on a quarterly basis using discounted cash flow models which consider long-term lease estimates, future rental receipts and estimated residual values. Valuation estimates are supplemented by third-party appraisals on an annual basis. The fair market value of assets related to our PRB benefits was $302 million and $389 million as of December 31, 2022 and 2021, respectively. These assets include $105 million and $147 million of which are invested in our domestic qualified pension plan trust at December 31, 2022 and 2021, respectively. The remaining PRB investments are held within Voluntary Employees’ Beneficiary Association (VEBA) trusts. The VEBA assets are generally invested in mutual funds and are valued primarily using quoted prices in active markets (Level 1). There were no Level 3 investments in the VEBA trusts as of December 31, 2022 or 2021. We have set aside assets in separate trusts, which we expect to be used to pay for certain nonqualified defined benefit and defined contribution plan obligations in excess of qualified plan limits. These assets are included in Other assets in our Consolidated Balance Sheet. The fair value of marketable securities held in trusts as of December 31 was as follows: (dollars in millions) 2022 2021 Marketable securities held in trusts $ 774 $ 965

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Lessee, Operating Leases	NOTE 12: LEASES Operating lease expense was $475 million, $525 million, and $497 million for 2022, 2021, and 2020, respectively. Finance leases and leases where we are the lessor are not considered significant to our Consolidated Balance Sheet, Consolidated Statement of Operations or Consolidated Statement of Cash Flows. In 2021 and 2020, we entered into sale and leaseback transactions for the sale of equipment and related maintenance. We subsequently leased back the equipment sold for a limited timeframe, which is accounted for as an operating lease. The proceeds received as a result of the equipment sales are classified in Receipts from customer financing assets within the Investing Activities in our Consolidated Statement of Cash Flows, and the portion related to future maintenance services are classified within Operating Activities. The net gains as a result of these transactions were not material. Supplemental cash flow information related to operating leases were as follows: (dollars in millions) 2022 2021 2020 Operating cash flows used in the measurement of operating lease liabilities $ 399 $ 490 $ 420 Operating lease right-of-use assets obtained in exchange for operating lease obligations 359 535 299 Future lease payments related to our operating lease liabilities as of December 31, 2022 are as follows: (dollars in millions) 2023 $ 340 2024 301 2025 265 2026 236 2027 195 Thereafter 735 Total undiscounted lease payments 2,072 Less imputed interest (130) Total discounted lease payments $ 1,942 Our lease liabilities recognized in our Consolidated Balance Sheet were as follows as of December 31: (dollars in millions) 2022 2021 Operating lease liabilities, current (included in Other accrued liabilities) $ 356 $ 411 Operating lease liabilities, noncurrent 1,586 1,657 Total operating lease liabilities $ 1,942 $ 2,068 The weighted-average remaining lease term related to our operating leases was 9 years as of December 31, 2022 and 2021. The weighted-average discount rate related to our operating leases was 3.3% and 2.8% as of December 31, 2022 and 2021, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 13: INCOME TAXES Income Before Income Taxes. The sources of income (loss) from continuing operations before income taxes are: (dollars in millions) 2022 2021 2020 United States $ 4,061 $ 3,498 $ (2,762) Foreign 1,966 1,433 409 Income (loss) from continuing operations before income taxes $ 6,027 $ 4,931 $ (2,353) The Company no longer intends to reinvest certain undistributed earnings of its international subsidiaries that have been previously taxed in the U.S. As such, we recorded the taxes associated with the future remittance of these earnings. For the remainder of the Company’s undistributed international earnings, unless tax effective to repatriate, the Company will continue to permanently reinvest these earnings. As of December 31, 2022, such undistributed earnings were approximately $18 billion, excluding other comprehensive income amounts. It is not practicable to estimate the amount of tax that might be payable on the remaining amounts. Provision for Income Taxes. The income tax expense (benefit) for the years ended December 31 are as follows: (dollars in millions) 2022 2021 2020 Current: United States: Federal $ 1,724 $ 387 $ 324 State 126 60 45 Foreign 513 427 305 2,363 874 674 Future: United States: Federal (1,399) (26) (264) State (166) 41 258 Foreign (98) (103) (93) (1,663) (88) (99) Income tax expense $ 700 $ 786 $ 575 Reconciliation of Effective Income Tax Rate. Differences between effective income tax rates and the statutory U.S. federal income tax rate are as follows: 2022 2021 2020 (dollars in millions) Amount Rate Amount Rate Amount Rate Statutory U.S. federal income tax rate $ 1,266 21.0 % $ 1,036 21.0 % $ (494) 21.0 % Tax on international activities (186) (3.1) (204) (4.1) 27 (1.1) Tax charges related to Separation Transactions and Raytheon merger — — (39) (0.8) 416 (17.7) Disposals of businesses — — 108 2.2 177 (7.5) U.S. research and development credit (164) (2.7) (172) (3.5) (142) 6.1 Goodwill impairment — — — — 668 (28.4) State income tax, net (12) (0.2) 33 0.7 (56) 2.4 Foreign Derived Intangible Income (214) (3.5) (121) (2.5) (83) 3.5 U.K. corporate tax rate enactment — — 73 1.5 8 (0.4) Other 10 0.1 72 1.4 54 (2.3) Effective income tax rate $ 700 11.6 % $ 786 15.9 % $ 575 (24.4) % The 2022 effective tax rate includes a benefit of $214 million related to the Foreign Derived Intangible Income (FDII) benefit, $207 million associated with legal entity and operational reorganizations implemented in 2022, and $164 million associated with U.S. research and development credits. The increase in the FDII benefit from 2021 is primarily attributable to the capitalization of research or experimental expenditures for tax-purposes, enacted as part of the Tax Cuts and Jobs Act of 2017 effective beginning January 1, 2022. The 2021 effective tax rate includes tax benefits of $244 million included in international activities associated with legal entity and operational reorganizations implemented in 2021, $172 million associated with U.S. research and development credits and $121 million associated with FDII, and tax charges of $73 million associated with the revaluation of deferred taxes resulting from the increase in the U.K. corporate tax rate to 25% enacted in 2021. In the first quarter of 2021, we recorded $148 million of tax charges associated with the sale of the Forcepoint business, and subsequently recognized a $104 million tax benefit due to the revaluation of that tax benefit as a result of completing the divestiture of RIS’s global training and services business for a gain in the fourth quarter of 2021. The 2020 negative effective tax rate is a result of having tax expense of $575 million on a loss from continuing operations before income taxes of $2.4 billion. The loss from continuing operations before income taxes in 2020 includes the $3.2 billion goodwill impairment as described in “Note 2: Business Acquisitions, Dispositions, Goodwill and Intangible Assets,” most of which was non-deductible for tax purposes. Tax expense includes net deferred tax charges of $416 million resulting from the Separation Transactions and the Raytheon merger primarily related to the impairment of deferred tax assets and the revaluation of certain international tax incentives, and incremental tax expense of $177 million related to the disposal of businesses, including the sales of businesses at Collins, the airborne tactical radios business at RIS and the entry into a definitive agreement to sell Forcepoint, as described in “Note 2: Business Acquisitions, Dispositions, Goodwill and Intangible Assets.” Also included in the 2020 effective tax rate are tax benefits of $142 million associated with U.S. research and development credits and $83 million associated with FDII. Deferred Tax Assets and Liabilities. The tax effects of temporary differences and tax carryforwards which gave rise to future income tax benefits and payables at December 31, 2022 and 2021 are as follows: (dollars in millions) 2022 2021 Future income tax benefits: Insurance and employee benefits $ 1,126 $ 1,831 Inventory and contract balances 639 756 Warranty provisions 242 248 Capitalization of research and experimental expenditures 1,712 — Other basis differences 828 878 Tax loss carryforwards 305 251 Tax credit carryforwards 970 1,088 Valuation allowances (842) (825) Total future income tax benefits $ 4,980 $ 4,227 Future income taxes payable: Goodwill and intangible assets $ 6,588 $ 7,168 Fixed assets 1,751 1,746 Other basis differences 220 323 Total future income tax payable $ 8,559 $ 9,237 Valuation allowances have been established primarily for tax credit carryforwards, tax loss carryforwards, and certain temporary differences to reduce the future income tax benefits to expected realizable amounts. Tax Credit and Loss Carryforwards. At December 31, 2022, tax credit carryforwards, principally state and foreign, and tax loss carryforwards, principally state and foreign, were as follows: (dollars in millions) Tax Credit Tax Loss Expiration period: 2023-2027 $ 54 $ 292 2028-2032 73 174 2033-2042 337 318 Indefinite 506 1,357 Total $ 970 $ 2,141 Unrecognized Tax Benefits. At December 31, 2022, we had gross tax-effected unrecognized tax benefits of $1,515 million, of which $1,378 million, if recognized, would impact the effective tax rate. A reconciliation of the beginning and ending amounts of unrecognized tax benefits and interest expense related to unrecognized tax benefits for the years ended December 31, 2022, 2021 and 2020 is as follows: (dollars in millions) 2022 2021 2020 Balance at January 1 $ 1,458 $ 1,225 $ 1,347 Additions for tax positions related to the current year 106 110 125 Additions for tax positions of prior years 23 282 323 Reductions for tax positions of prior years (56) (49) (83) Settlements (16) (110) (48) Separation of Carrier and Otis — — (439) Balance at December 31 $ 1,515 $ 1,458 $ 1,225 Gross interest expense related to unrecognized tax benefits $ 34 $ 39 $ 50 Total accrued interest balance at December 31 190 165 141 The unrecognized tax benefit table includes discontinued operations activity in 2020. As a result of the Separation Transactions and the Distributions in April 2020, we transferred unrecognized tax benefits to Carrier and Otis of $439 million and associated interest of approximately $165 million. Pursuant to the terms of the separation agreements, certain other unrecognized tax benefits retained by the Company are subject to indemnification. The 2020 additions for tax positions of prior years in the table above include amounts related to the Raytheon merger . We conduct business globally and, as a result, Raytheon Technologies or one or more of our subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. In the normal course of business we are subject to examination by taxing authorities throughout the world, including such major jurisdictions as Canada, China, France, Germany, India, Poland, Saudi Arabia, Singapore, Switzerland, the United Kingdom and the United States. With few exceptions, we are no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations for years before 2012. The Examination Division of the IRS is currently auditing Raytheon Technologies tax years 2017 and 2018 and pre-merger Raytheon Company tax years 2017, 2018 and 2019 as well as certain refund claims of Raytheon Company for tax years 2014, 2015 and 2016 filed prior to the Raytheon merger. The examination phase of the audits for each of these tax years is expected to close in 2023. The Examination Division of the IRS is also auditing pre-acquisition Rockwell Collins fiscal tax years 2016, 2017 and 2018. The examination phase of the audit for each of these tax years is expected to close during 2023. It is reasonably possible that a net reduction within the range of $25 million to $375 million of unrecognized tax benefits may occur over the next 12 months as a result of the revaluation of uncertain tax positions arising from developments in examinations, in appeals, or in the courts, or the closure of tax statutes.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments Disclosure	NOTE 14: FINANCIAL INSTRUMENTS We enter into derivative instruments primarily for risk management purposes, including derivatives designated as hedging instruments and those utilized as economic hedges. We operate internationally and in the normal course of business, are exposed to fluctuations in interest rates, foreign exchange rates and commodity prices. These fluctuations can increase the costs of financing, investing and operating the business. We have used derivative instruments, including swaps, forward contracts and options, to manage certain foreign currency, interest rate and commodity price exposures. The present value of aggregate notional principal of our outstanding foreign currency hedges was $11.2 billion and $8.5 billion at December 31, 2022 and 2021, respectively. At December 31, 2022, all derivative contracts accounted for as cash flow hedges will mature b y February 2030. Additional information pertaining to foreign exchange and hedging activities is included in “Note 1: Basis of Presentation and Summary of Accounting Principles.” The following table summarizes the fair value and presentation in the Consolidated Balance Sheet for derivative instruments as of December 31: (dollars in millions) Balance Sheet Location 2022 2021 Derivatives designated as hedging instruments: Foreign exchange contracts Other assets, current $ 67 $ 59 Other accrued liabilities 347 202 Derivatives not designated as hedging instruments: Foreign exchange contracts Other assets, current $ 17 $ 11 Other accrued liabilities 39 11 The effect of cash flow hedging relationships on Accumulated other comprehensive income (loss) and on the Consolidated Statement of Operations in 2022 and 2021 are presented in “Note 19: Accumulated Other Comprehensive Loss”. The amounts of gain or (loss) are attributable to foreign exchange contract activity and are primarily recorded as a component of Products sales when reclassified from Accumulated other comprehensive loss. The Company utilizes the critical terms match method in assessing derivatives for hedge effectiveness. Accordingly, the hedged items and derivatives designated as hedging instruments are highly effective. As of December 31, 2022, we have €500 million of euro-denominated long-term debt outstanding, which qualifies as a net investment hedge against our investments in European businesses, which is deemed to be effective. The effect of derivatives not designated as hedging instruments is included within Other income, net, on the Consolidated Statement of Operations and is not material.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Disclosures	NOTE 15: FAIR VALUE MEASUREMENTS The following tables provide the valuation hierarchy classification of assets and liabilities that are carried at fair value and measured on a recurring basis in our Consolidated Balance Sheet: December 31, 2022 (dollars in millions) Total Level 1 Level 2 Level 3 Recurring fair value measurements: Marketable securities held in trusts $ 774 $ 713 $ 61 $ — Derivative assets 84 — 84 — Derivative liabilities 386 — 386 — December 31, 2021 (dollars in millions) Total Level 1 Level 2 Level 3 Recurring fair value measurements: Marketable securities held in trusts $ 965 $ 890 $ 75 $ — Derivative assets 70 — 70 — Derivative liabilities 213 — 213 — Valuation Techniques. Our derivative assets and liabilities include foreign exchange contracts that are measured at fair value using internal models based on observable market inputs such as forward rates, interest rates, our own credit risk and our counterparties’ credit risks. As of December 31, 2022, there has not been any significant impact to the fair value of our derivative liabilities due to our own credit risk. Similarly, there has not been any significant adverse impact to our derivative assets based on our evaluation of our counterparties’ credit risks. The following table provides carrying amounts and fair values of financial instruments that are not carried at fair value in our Consolidated Balance Sheet at December 31: 2022 2021 (dollars in millions) Carrying Amount Fair Value Carrying Amount Fair Value Customer financing notes receivables $ 169 $ 161 $ 195 $ 192 Long-term debt (excluding finance leases) 31,201 28,049 31,250 35,828 The following table provides the valuation hierarchy classification of assets and liabilities that are not carried at fair value in our Consolidated Balance Sheet at December 31: December 31, 2022 (dollars in millions) Total Level 1 Level 2 Level 3 Customer financing notes receivables $ 161 $ — $ 161 $ — Long-term debt (excluding finance leases) 28,049 — 28,003 46 December 31, 2021 (dollars in millions) Total Level 1 Level 2 Level 3 Customer financing notes receivables $ 192 $ — $ 192 $ — Long-term debt (excluding finance leases) 35,828 — 35,778 50 The fair value of our Short-term borrowings approximates the carrying value due to their short-term nature, with commercial paper classified as level 2 and other short-term borrowings classified as level 3 within the fair value hierarchy.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2022
Schedule of Variable Interest Entities [Abstract]
Variable Interest Entity Disclosure	NOTE 16: VARIABLE INTEREST ENTITIES Pratt & Whitney holds a 61% program share interest in the International Aero Engines AG (IAE) collaboration with MTU Aero Engines AG (MTU) and Japanese Aero Engines Corporation (JAEC) and a 49.5% ownership interest in IAE. IAE’s business purpose is to coordinate the design, development, manufacturing and product support of the V2500 engine program through involvement with the collaborators. Additionally, Pratt & Whitney, JAEC and MTU are participants in the International Aero Engines, LLC (IAE LLC) collaboration, whose business purpose is to coordinate the design, development, manufacturing and product support for the PW1100G-JM engine for the Airbus A320neo family of aircraft. Pratt & Whitney holds a 59% program share interest and a 59% ownership interest in IAE LLC. IAE and IAE LLC retain limited equity with the primary economics of the programs passed to the participants. As such, we have determined that IAE and IAE LLC are variable interest entities with Pratt & Whitney as the primary beneficiary. IAE and IAE LLC have, therefore, been consolidated. The carrying amounts and classification of assets and liabilities for variable interest entities in our Consolidated Balance Sheet as of December 31, 2022 and 2021 are as follows: (dollars in millions) 2022 2021 Current assets $ 7,609 $ 7,081 Noncurrent assets 779 825 Total assets $ 8,388 $ 7,906 Current liabilities $ 9,154 $ 7,965 Noncurrent liabilities 19 54 Total liabilities $ 9,173 $ 8,019

Guarantees

Guarantees	12 Months Ended
	Dec. 31, 2022
Guarantees [Abstract]
Guarantees	NOTE 17: GUARANTEES We extend a variety of financial, market value and product performance guarantees to third parties. These instruments expire on various dates through 2028. Additional guarantees of project performance for which there is no stated value also remain outstanding. A portion of our third party guarantees are subject to indemnification for our benefit for any liabilities that could arise. As of December 31, 2022 and 2021, the following financial guarantees were outstanding: December 31, 2022 December 31, 2021 (dollars in millions) Maximum Potential Payment Carrying Amount of Liability Maximum Potential Payment Carrying Amount of Liability Commercial aerospace financing arrangements $ 304 $ — $ 309 $ 3 Third party guarantees 335 1 511 5 We have made residual value and other guarantees related to various commercial aerospace customer financing arrangements. The estimated fair market values of the guaranteed assets equal or exceed the value of the related guarantees, net of existing reserves. Collaboration partners’ share of these financing guarantees is $140 million and $141 million at December 31, 2022 and 2021, respectively. We also have obligations arising from sales of certain businesses and assets, including those from representations and warranties and related indemnities for environmental, health and safety, tax and employment matters. The maximum potential payment related to these obligations is not a specified amount as a number of the obligations do not contain financial caps. The carrying amount of liabilities related to these obligations was $97 million and $120 million at December 31, 2022 and 2021, respectively. These primarily relate to environmental liabilities, which are included in our total environmental liabilities as further discussed in “Note 18: Commitments and Contingencies.” We accrue for costs associated with guarantees when it is probable that a liability has been incurred and the amount can be reasonably estimated. The most likely cost to be incurred is accrued based on an evaluation of currently available facts, and where no amount within a range of estimates is more likely, the minimum is accrued. We also provide service and warranty policies on our products and extend performance and operating cost guarantees beyond our normal service and warranty policies on some of our products, particularly commercial aircraft engines. In addition, we incur discretionary costs to service our products in connection with specific product performance issues. Liabilities for performance and operating cost guarantees are based upon future product performance and durability, and are largely estimated based upon historical experience. Adjustments are made to accruals as claims data and historical experience warrant. The changes in the carrying amount of service and product warranties and product performance guarantees for the years ended December 31 were as follows: (dollars in millions) 2022 2021 2020 Balance as of January 1 $ 1,157 $ 1,057 $ 1,033 Warranties and performance guarantees issued 264 380 311 Settlements (284) (272) (292) Other (28) (8) 5 Balance as of December 31 $ 1,109 $ 1,157 $ 1,057

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 18: COMMITMENTS AND CONTINGENCIES Except as otherwise noted, while we are unable to predict the final outcome, based on information currently available, we do not believe that resolution of any of the following matters will have a material adverse effect upon our competitive position, results of operations, financial condition or liquidity. Environmental. Our operations are subject to environmental regulation by federal, state and local authorities in the United States and regulatory authorities with jurisdiction over our foreign operations. We have accrued for the costs of environmental remediation activities, including but not limited to investigatory, remediation, operating and maintenance costs and performance guarantees, and periodically reassess these amounts. We do not expect any additional liability to have a material adverse effect on our results of operations, financial condition or liquidity. As of December 31, 2022 and 2021, we had $798 million and $834 million, respectively, reserved for environmental remediation. Additional information pertaining to environmental matters is included in “Note 1: Basis of Presentation and Summary of Accounting Principles.” Commercial Aerospace Financing and Other Commitments. We had commercial aerospace financing commitments and other contractual commitments of approximately $15.3 billion and $15.6 billion as of December 31, 2022 and 2021, respectively, on a gross basis before reduction for our collaboration partners’ share. Aircraft financing commitments, in the form of debt or lease financing, are provided to certain commercial aerospace customers. The extent to which the financing commitments will be utilized is not currently known, since customers may be able to obtain more favorable terms from other financing sources. We may also arrange for third-party investors to assume a portion of these commitments. The majority of financing commitments are collateralized arrangements. We may also lease aircraft and subsequently sublease the aircraft to customers under long-term non-cancelable operating leases, or pay deposits on behalf of our customers to secure production slots with the airframers (pre-delivery payments). Our financing commitments with customers are contingent upon maintenance of certain levels of financial condition by the customers. Associated risks on these commitments are mitigated due to the fact that interest rates are variable during the commitment term and are set at the date of funding based on current market conditions, the fair value of the underlying collateral and the credit worthiness of the customers. As a result, the fair value of these financing commitments is expected to equal the amounts funded. We also have other contractual commitments to make payments to secure certain contractual rights to provide product on new aircraft platforms. The estimated amount and timing of these payments, which are generally based on future sales or engine flight hours, are reflected in “Other commercial aerospace commitments” in the table below. Payments made on these contractual commitments are included within intangible assets as exclusivity assets and are amortized over the term of underlying economic benefit. We have entered into certain collaboration arrangements, which may include participation by our collaboration partners in these commitments. In addition, in connection with our 2012 agreement to acquire Rolls-Royce’s ownership and collaboration interests in IAE, additional payments are due to Rolls-Royce contingent upon each hour flown through June 2027 by the V2500-powered aircraft in service as of the acquisition date. These flight hour payments, which are considered in “Other commercial aerospace commitments” below, will be capitalized as collaboration intangible assets as payments are made. The following is the expected maturity of our commercial aerospace industry commitments as of December 31, 2022: (dollars in millions) Committed 2023 2024 2025 2026 2027 Thereafter Commercial aerospace financing commitments $ 4,559 $ 1,559 $ 1,405 $ 980 $ 556 $ 59 $ — Other commercial aerospace commitments 10,710 1,147 883 794 695 717 6,474 Collaboration partners’ share (5,905) (915) (863) (714) (535) (331) (2,547) Total commercial aerospace commitments $ 9,364 $ 1,791 $ 1,425 $ 1,060 $ 716 $ 445 $ 3,927 Other Financing Arrangements. We have entered into standby letters of credit and surety bonds with financial institutions to meet various bid, performance, warranty, retention and advance payment obligations for us or our affiliates. We enter into these agreements to assist certain affiliates in obtaining financing on more favorable terms, making bids on contracts and performing their contractual obligations. The stated values of these letters of credit agreements and surety bonds totaled $3.3 billion as of December 31, 2022. Offset Obligations. We have entered into industrial cooperation agreements, sometimes in the form of either offset agreements or ICIP agreements, as a condition to obtaining orders for our products and services from certain customers in foreign countries. At December 31, 2022, the aggregate amount of our offset agreements, both agreed to and anticipated to be agreed to, had an outstanding notional value of approximately $11.3 billion. These agreements are designed to return economic value to the foreign country by requiring us to engage in activities supporting local defense or commercial industries, promoting a balance of trade, developing in-country technology capabilities or addressing other local development priorities. Offset agreements may be satisfied through activities that do not require a direct cash payment, including transferring technology, providing manufacturing, training and other consulting support to in-country projects, and the purchase by third parties (e.g., our vendors) of supplies from in-country vendors. These agreements may also be satisfied through our use of cash for activities such as subcontracting with local partners, purchasing supplies from in-country vendors, providing financial support for in-country projects and making investments in local ventures. Such activities may also vary by country depending upon requirements as dictated by their governments. We typically do not commit to offset agreements until orders for our products or services are definitive. The amounts ultimately applied against our offset agreements are based on negotiations with the customers and typically require cash outlays that represent only a fraction of the notional value in the offset agreements. Offset programs usually extend over several or more years and may provide for penalties in the event we fail to perform in accordance with offset requirements. Historically, we have not been required to pay any penalties of significance. Government Oversight. In the ordinary course of business, the Company and its subsidiaries and our properties are subject to regulatory and governmental examinations, information gathering requests, inquiries, investigations and threatened legal actions and proceedings. For example, we are now, and believe that, in light of the current U.S. government contracting environment, we will continue to be the subject of one or more U.S. government investigations. Our contracts with the U.S. government are also subject to audits. Agencies that oversee contract performance include: the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA), the Inspectors General of the U.S. Department of Defense (DoD) and other departments and agencies, the Government Accountability Office (GAO), the Department of Justice (DOJ), and Congressional Committees. Other areas of our business operations may also be subject to audit and investigation by these and other agencies. From time to time, agencies investigate or conduct audits to determine whether our operations are being conducted in accordance with applicable requirements. Such investigations and audits may be initiated due to a number of reasons, including as a result of a whistleblower complaint. Such investigations and audits could result in administrative, civil or criminal liabilities, including repayments, fines, treble or other damages, forfeitures, restitution, or penalties being imposed upon us, the suspension of government export licenses or the suspension or debarment from future U.S. government contracting. U.S. government investigations often take years to complete. The U.S. government also reserves the right to debar a contractor from receiving new government contracts for fraudulent, criminal or other seriously improper conduct. The U.S. government could void any contracts found to be tainted by fraud. Like many defense contractors, we have received audit reports recommending the reduction of certain contract prices because, for example, cost or pricing data or cost accounting practices used to price and negotiate those contracts may not have conformed to government regulations. Some of these audit reports recommend that certain payments be repaid, delayed, or withheld, and may involve substantial amounts. We have made voluntary refunds in those cases we believe appropriate, have settled some allegations and, in some cases, continue to negotiate and/or litigate. The Company may be, and in some cases has been, required to make payments into escrow of disputed liabilities while the related litigation is pending. If the litigation is resolved in the Company’s favor, any such payments will be returned to the Company with interest. Our final allowable incurred costs for each year are also subject to audit and have, from time to time, resulted in disputes between us and the U.S. government, with litigation resulting at the Court of Federal Claims (COFC) or the Armed Services Board of Contract Appeals (ASBCA) or their related courts of appeals. In addition, the DOJ has, from time to time, convened grand juries to investigate possible irregularities by us. We also provide products and services to customers outside of the U.S., and those sales are subject to local government laws, regulations and procurement policies and practices. Our compliance with such local government regulations or any applicable U.S. government regulations (e.g., the Foreign Corrupt Practices Act (FCPA) and International Traffic in Arms Regulations (ITAR)) may also be investigated or audited. In addition, we accrue for liabilities associated with those matters that are probable and can be reasonably estimated. The most likely liability amount to be incurred is accrued based upon a range of estimates. Where no amount within a range of estimates is more likely, then we accrue the minimum amount. Other than as specifically disclosed in this Form 10-K, we do not expect these audits, investigations or disputes to have a material effect on our results of operations, financial condition or liquidity, either individually or in the aggregate. Tax Treatment of Carrier and Otis Dispositions. Management has determined that the distributions of Carrier and Otis on April 3, 2020, and certain related internal business separation transactions, qualified as tax-free under applicable law. In making these determinations, we applied the tax law in the relevant jurisdictions to our facts and circumstances and obtained tax rulings from the relevant taxing authorities, tax opinions, and/or other external tax advice related to the concluded tax treatment. If the completed distributions of Carrier or Otis or certain internal business separation transactions, were to fail to qualify for tax-free treatment, the Company could be subject to significant liabilities, and there could be material adverse impacts on the Company’s business, results of operations, financial condition or liquidity in future reporting periods. Legal Proceedings. The Company and its subsidiaries are subject to various contract pricing disputes, government investigations and litigation matters across jurisdictions, updates to certain of which are set forth below. Cost Accounting Standards Claims As previously disclosed, in April 2019, a Divisional Administrative Contracting Officer (DACO) of the United States DCMA asserted a claim against Pratt & Whitney to recover alleged overpayments of approximately $1.73 billion plus interest ($843 million at December 31, 2022). The claim is based on Pratt & Whitney’s alleged noncompliance with Cost Accounting Standards (CAS) from January 1, 2007 to March 31, 2019, due to its method of allocating independent research and development costs to government contracts. Pratt & Whitney believes that the claim is without merit and filed an appeal to the ASBCA on June 7, 2019. As previously disclosed, in December 2013, a DCMA DACO asserted a claim against Pratt & Whitney to recover alleged overpayments of approximately $177 million plus interest ($132 million at December 31, 2022). The claim is based on Pratt & Whitney’s alleged noncompliance with CAS from January 1, 2005 to December 31, 2012, due to its method of determining the cost of collaborator parts used in the calculation of material overhead costs for government contracts. In 2014, Pratt & Whitney filed an appeal to the ASBCA. An evidentiary hearing was held and completed in June 2019. On November 22, 2021, the ASBCA issued its written decision sustaining in part and denying in part Pratt & Whitney’s appeal. The ASBCA rejected the DCMA’s asserted measure of the cost of collaborator parts, and ruled substantially in Pratt & Whitney’s favor on other liability issues. The ASBCA remanded the appeal to the parties for resolution of damages issues, which could require further proceedings at the ASBCA. On December 23, 2021, the DCMA filed a motion with the ASBCA seeking partial reconsideration of the November 22, 2021 decision. The motion for reconsideration was denied on August 29, 2022. On December 23, 2022, the DCMA filed an appeal to the United States Court of Appeals for the Federal Circuit. We continue to believe that the ASBCA’s rejection of the DCMA’s asserted measure of the cost of collaborator parts is well supported in fact and law and likely will be sustained. In December 2018, a DCMA DACO issued a second claim against Pratt & Whitney that similarly alleges that its method of determining the cost of collaborator parts does not comply with the CAS for calendar years 2013 through 2017. This second claim, which asserts the same measure of the cost of collaborator parts rejected by the ASBCA’s recent decision, demands payment of $269 million plus interest ($96 million at December 31, 2022). Pratt & Whitney appealed this second claim to the ASBCA in January 2019. Although subject to further litigation at the ASBCA and potentially further litigation at the ASBCA and potentially further appellate proceedings, we continue to believe that the November 22, 2021 decision in the first claim will apply with equal legal effect to the second claim. Accordingly, we believe that the amounts demanded by the DCMA as set forth in the two claims are without legal basis and that any damages owed to the U.S. government for the two claims will not have a material adverse effect on our results of operations, financial condition or liquidity. Thales-Raytheon Systems and Related Matters As previously disclosed, in 2019, Raytheon Company received a subpoena from the Securities and Exchange Commission (SEC) seeking information in connection with an investigation into whether there were improper payments made by Raytheon Company, our joint venture known as Thales-Raytheon Systems (TRS) or anyone acting on their behalf in connection with TRS or Raytheon Company contracts in certain Middle East countries since 2014. In the first quarter of 2020, the DOJ advised Raytheon Company it had opened a parallel criminal investigation. In the third quarter of 2020, Raytheon Company received an additional subpoena from the SEC, seeking information and documents as part of its ongoing investigation. The Company maintains a rigorous anti-corruption compliance program, and continues to cooperate fully with the SEC’s and DOJ’s inquiries and to examine through our own investigation whether there were any improper payments or any such conduct that was in violation of Raytheon Company policy. At this time, the Company is unable to predict the outcome of the SEC’s or DOJ’s inquiries. Based on the information available to date, however, we cannot reasonably estimate the range of any potential loss or impact to the business that may result, but do not believe that the results of these inquiries will have a material adverse effect on our results of operations, financial condition or liquidity. DOJ Investigation, Contract Pricing Disputes and Related Civil Litigation As previously disclosed, on October 8, 2020, the Company received a criminal subpoena from the DOJ seeking information and documents in connection with an investigation relating to financial accounting, internal controls over financial reporting, and cost reporting regarding Raytheon Company’s Missiles & Defense (RMD) business since 2009. The investigation involves multi-year contracts subject to governmental regulation, including potential civil defective pricing claims for three RMD contracts entered into between 2011 and 2013. As part of the same investigation, on March 24, 2021, the Company received a second criminal subpoena from the DOJ seeking documents relating to a different RMD contract entered into in 2017. We are cooperating fully with, and will continue to review the issues raised by the DOJ’s ongoing investigation. We continue to make substantial progress in our internal review of the issues raised by the DOJ investigation. Although we believe we have defenses to the potential claims, the Company has determined that there is a probable risk of liability for damages, interest and potential penalties and has accrued approximately $290 million for this matter. We are currently unable to estimate an incremental loss, if any, which may result when the DOJ investigation is complete. Based on the information available to date, we do not believe the results of the DOJ investigation or of any pending or potential civil litigation will have a material adverse effect on our results of operations, financial condition or liquidity. Four shareholder lawsuits were filed against the Company after the DOJ investigation was first disclosed. A putative securities class action lawsuit was filed in the United States District Court for the District of Arizona against the Company and certain of its executives alleging that the defendants violated federal securities laws by making material misstatements in regulatory filings regarding internal controls over financial reporting in RMD. Three shareholder derivative lawsuits were also filed in the United States District Court for the District of Delaware against the former Raytheon Company Board of Directors, the Company and certain of its executives, each alleging that defendants violated federal securities laws and breached their fiduciary duties by engaging in improper accounting practices, failing to implement sufficient internal financial and compliance controls, and making a series of false and misleading statements in regulatory filings. We believe that each of these lawsuits lacks merit. Darnis, et al. and Related Matter As previously disclosed, on August 12, 2020, several former employees of UTC or its subsidiaries filed a putative class action complaint in the United States District Court for the District of Connecticut against the Company, Otis, Carrier, the former members of the UTC Board of Directors, and the members of the Carrier and Otis Boards of Directors (Geraud Darnis, et al. v. Raytheon Technologies Corporation, et al.). The complaint challenged the method by which UTC equity awards were converted to Company, Otis, and Carrier equity awards following the separation of UTC into three independent, publicly-traded companies on April 3, 2020. The complaint also claimed that the defendants are liable for breach of certain equity compensation plans and also asserted claims under certain provisions of the Employee Retirement Income Security Act of 1974 (ERISA). On September 13, 2021, Plaintiffs filed an amended complaint which supersedes the initial complaint and continues to assert claims for breach of the equity compensation plans against the Company, Otis and Carrier, but no longer asserts ERISA claims. Further, no claim is made in the amended complaint against any current or former director of any of the three companies. Plaintiffs seek money damages, attorneys’ fees and other relief. On September 30, 2022, in response to motions to dismiss filed by the Company, Otis and Carrier, the Court dismissed the class action in its entirety with prejudice. On October 26, 2022, Plaintiffs filed an appeal to the United States Court of Appeals for the Second Circuit. We continue to believe that this matter will not have a material adverse effect on our results of operations, financial condition or liquidity. On December 6, 2022, a shareholder derivative lawsuit was filed in the Delaware Court of Chancery against the Company and certain current and former members of its Board of Directors, alleging that defendants breached their fiduciary duties in May 2020 by amending the method by which UTC equity awards were converted to certain Company equity awards following the separation of UTC into three independent, publicly-traded companies. We believe that the lawsuit lacks merit. DOJ Grand Jury Investigation and Related Civil Litigation The Company received a grand jury subpoena in late 2019, as part of a DOJ criminal investigation into purported agreements not to solicit or hire employees in violation of the federal antitrust laws. While the investigation has focused on alleged hiring restrictions between and among Pratt & Whitney and certain of its suppliers of outsourced engineering services, the subpoena also included requests regarding Collins. Since receipt of the subpoena, the Company has been cooperating with the DOJ investigation. On December 15, 2021, a criminal indictment was filed in the United States District Court for the District of Connecticut, against a former Pratt & Whitney employee and other employees of certain outsourced engineering suppliers charging each of them with one count of violating the federal antitrust laws. No current or former Collins employees were named in the indictment. We have been advised that the Company is a target of the DOJ investigation, and we continue to cooperate with the investigation. No criminal charge has been filed against the Company or its affiliates. After the criminal charges against the individuals were filed, numerous civil class action antitrust lawsuits have been filed against Pratt & Whitney and other corporate and individual defendants in the United States District Court for the District of Connecticut. The allegations in each of the civil lawsuits track the factual assertions in the criminal indictment and generally allege that Pratt & Whitney and the other defendants agreed to restrict the hiring and recruiting of certain engineers and skilled laborers in a manner that violated federal antitrust laws. Plaintiffs in each of the civil lawsuits seek to represent different purported classes of engineers and skilled laborers employed by Pratt & Whitney and other supplier-defendants since 2011. Plaintiffs in each of the lawsuits seek treble damages in an undetermined amount, plus attorneys’ fees and costs of suit. All of the lawsuits have been consolidated and a single amended class action complaint was filed. We believe that the claims asserted lack merit. Based on the information available to date, we do not believe that this matter will have a material adverse effect on our results of operations, financial condition or liquidity. Where appropriate, we have recorded loss contingency accruals for the above-referenced matters, and the amounts individually, or in the aggregate, are not material. Other. As described in “Note 17: Guarantees,” we extend performance and operating cost guarantees beyond our normal warranty and service policies for extended periods on some of our products. We have accrued our estimate of the liability that may result under these guarantees and for service costs that are probable and can be reasonably estimated. We also have other commitments and contingent liabilities related to legal proceedings, self-insurance programs and matters arising out of the normal course of business. We accrue contingencies based upon a range of possible outcomes. If no amount within this range is a better estimate than any other, then we accrue the minimum amount. In the ordinary course of business, the Company and its subsidiaries are also routinely defendants in, parties to or otherwise subject to many pending and threatened legal actions, claims, disputes and proceedings. These matters are often based on alleged violations of contract, product liability, warranty, regulatory, environmental, health and safety, employment, intellectual property, tax and other laws. In some instances, claims for substantial monetary damages are asserted against the Company and its subsidiaries and could result in fines, penalties, compensatory or treble damages or non-monetary relief. We do not believe that these matters will have a material adverse effect upon our results of operations, financial condition or liquidity.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Note	NOTE 19: ACCUMULATED OTHER COMPREHENSIVE LOSS A summary of the changes in each component of Accumulated other comprehensive (loss) income, net of tax is provided below: (dollars in millions) Foreign Currency Translation Defined Benefit Pension and Postretirement Plans Unrealized Hedging (Losses) Gains Accumulated Other Comprehensive (Loss) Income Balance at December 31, 2019 $ (3,211) $ (6,772) $ (166) $ (10,149) Other comprehensive income (loss) before reclassifications, net 609 1,842 181 2,632 Amounts reclassified, pre-tax — 373 82 455 Tax benefit (expense) 25 (510) (62) (547) Separation of Carrier and Otis, net of tax 3,287 584 4 3,875 Balance at December 31, 2020 $ 710 $ (4,483) $ 39 $ (3,734) Other comprehensive income before reclassifications, net (647) 3,210 (226) 2,337 Amounts reclassified, pre-tax — 258 (28) 230 Tax benefit (expense) (14) (813) 79 (748) Balance at December 31, 2021 $ 49 $ (1,828) $ (136) $ (1,915) Other comprehensive income (loss) before reclassifications, net (1,050) 1,225 (246) (71) Amounts reclassified, pre-tax 2 129 103 234 Tax benefit (expense) (6) (308) 48 (266) Balance at December 31, 2022 $ (1,005) $ (782) $ (231) $ (2,018) Amounts reclassified that relate to our defined benefit pension and postretirement plans include the amortization of prior service costs and actuarial net gains or losses recognized during each period presented. These costs are recorded as components of net periodic pension income for each period presented. See “Note 11: Employee Benefit Plans” for additional details.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	NOTE 20: STOCK-BASED COMPENSATION RTC’s long-term incentive plans authorize various types of market and performance based incentive awards that may be granted to officers and key employees. Certain historic awards remain outstanding under predecessor plans. The Raytheon Technologies Corporation 2018 Long-Term Incentive Plan, as amended and restated (2018 LTIP) was approved by shareowners on April 26, 2021. A total of 134.8 million shares have been authorized for issuance pursuant to awards under the 2018 LTIP including shares assumed from predecessor plans. There is also an additional 21.5 million shares for future issuance due to adjustments related to the Separation Transactions. As of December 31, 2022, approximately 81.2 million shares remain available for awards under the 2018 LTIP. The 2018 LTIP does not contain aggregate annual award limits, however, it sets an annual award limit per participant. The 2018 LTIP will expire after all authorized shares have been awarded or April 26, 2031, whichever is sooner. Under the 2018 LTIP, the exercise price of awards is set on the grant date and may not be less than the fair market value per share on that date. Generally, stock appreciation rights and stock options have a term of ten years and a three-year vesting period, subject to limited exceptions. In the event of retirement, annual stock appreciation rights, stock options, and RSUs held for more than one year may become vested and exercisable, subject to certain terms and conditions. LTIP awards with performance-based vesting generally have a minimum three-year vesting period and vest based on actual performance against pre-established metrics. In the event of retirement, performance-based awards held for more than one year, remain eligible to vest based on actual performance relative to performance goals. We have historically repurchased shares of our common stock in an amount at least equal to the number of shares issued under our equity compensation arrangements and will continue to evaluate this policy in conjunction with our overall share repurchase program. We measure the cost of all share-based payments, including stock options and stock appreciation rights, at fair value on the grant date and recognize this cost in the Consolidated Statement of Operations, net of expected forfeitures, as follows: (dollars in millions) 2022 2021 2020 Total compensation cost recognized $ 420 $ 442 $ 330 The associated future income tax benefit recognized was $91 million, $83 million and $63 million for the years ended December 31, 2022, 2021 and 2020, respectively. For the years ended December 31, 2022, 2021 and 2020, the amount of cash received from the exercise of stock options was $20 million, $7 million and $15 million, respectively, with an associated tax benefit realized of $32 million, $42 million and $48 million, respectively. In addition, for the years ended December 31, 2022, 2021 and 2020, the associated tax benefit realized from the vesting of performance share units (PSUs), restricted stock awards and RSUs was $80 million, $44 million and $58 million, respectively. At December 31, 2022, there was $329 million of total unrecognized compensation cost related to non-vested equity awards granted under long-term incentive plans. This cost is expected to be recognized ratably over a weighted-average period of 2.1 years. A summary of the transactions under our long-term incentive plans for the year ended December 31, 2022 follows. Stock Options Stock Appreciation Rights Performance Share Units Restricted Stock and RSUs (shares and units in thousands) Shares Average Price (1) Shares Average Price (1) Units Average Price (2) Units Average Price (1) Outstanding at: December 31, 2021 1,849 $ 78.36 33,061 $ 78.62 1,265 $ 73.75 11,443 $ 66.18 Granted 102 94.04 3,225 94.06 990 96.15 3,441 97.76 Exercised / earned (283) 70.20 (3,827) 70.53 (1) 80.53 (4,476) 62.03 Cancelled (11) 94.04 (427) 86.34 (104) 85.06 (651) 78.38 December 31, 2022 1,657 $ 80.67 32,032 $ 81.04 2,150 $ 83.52 9,757 $ 78.40 (1) Weighted-average exercise price. (2) Weighted-average grant date fair value. The weighted-average grant date fair value of stock options and stock appreciation rights granted during 2022, 2021 and 2020 was $21.80, $15.60 and $23.37, respectively. The weighted-average grant date fair value of performance share units, which vest upon achieving certain performance metrics, granted during 2022 and 2021 was $96.15 and $73.75, respectively. There were no performance share units granted in 2020. The total fair value of awards vested during the years ended December 31, 2022, 2021 and 2020 was $346 million, $287 million and $284 million, respectively. The total intrinsic value (which is the amount by which the stock price exceeded the exercise price on the date of exercise) of stock options and stock appreciation rights exercised during the years ended December 31, 2022, 2021 and 2020 was $110 million, $54 million and $206 million, respectively. The total intrinsic value (which is the stock price at vesting multiplied by the number of underlying shares) of performance share units and other restricted awards vested was $427 million, $256 million and $295 million during the years ended December 31, 2022, 2021 and 2020, respectively. The following table summarizes information about equity awards outstanding that are vested and expected to vest as well as equity awards outstanding that are exercisable at December 31, 2022: Equity Awards Vested and Expected to Vest Equity Awards That Are Exercisable (shares in thousands; aggregate intrinsic value in millions) Awards Average Price (1) Aggregate Intrinsic Value Remaining Term (2) Awards Average Price (1) Aggregate Intrinsic Value Remaining Term (2) Stock Options 1,654 $ 80.61 $ 34 5.36 1,182 $ 77.13 $ 28 4.47 Stock Appreciation Rights 31,896 81.01 635 5.56 22,118 77.68 514 4.52 Performance Share Units 2,105 83.41 212 1.48 Restricted Stock and RSUs 9,417 78.02 950 1.54 (1) Weighted-average exercise price per share. (2) Weighted-average contractual remaining term in years. The fair value of each option award is estimated on the date of grant using a binomial lattice model. The following table indicates the assumptions used in estimating fair value for awards granted during 2022, 2021 and 2020. Lattice-based option models incorporate ranges of assumptions for inputs; those ranges are as follows: 2022 2021 2020 Expected volatility 27.9% 29.9% 18.8% Weighted-average volatility 28 % 30 % 19 % Expected term (in years) 6.5 6.5 6.5 Expected dividend yield 2.2 % 2.6 % 1.9 % Risk-free rate 0.02% - 2.1% 0.04% - 1.2% 1.4% - 1.6% Expected volatilities are based on the returns of our stock, including implied volatilities from traded options on our stock for the binomial lattice model. We use historical data to estimate equity award exercise and employee termination behavior within the valuation model. The expected term represents an estimate of the period of time equity awards are expected to remain outstanding. The risk-free rate is based on the term structure of interest rates at the time of equity award grant.

Segment Financial Data

Segment Financial Data	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Financial Data	NOTE 21: SEGMENT FINANCIAL DATA Our operations, for the periods presented herein, are classified into four principal segments: Collins, Pratt & Whitney, RIS and RMD. The segments are generally based on the management structure of the businesses and the grouping of similar operating companies, where each management organization has general operating autonomy over diversified products and services. The results of RIS and RMD reflect the period subsequent to the completion of the Raytheon merger on April 3, 2020. The Company recently announced its intention to streamline the structure of its core businesses into three principal business segments: Collins Aerospace, Pratt & Whitney and Raytheon. The Company plans to determine the exact composition of each segment and implement the reorganization in the second half of 2023, at which time management will begin to manage its operations under its new segment structure. The changes will require the Company to revise its segment reporting. All segment information included in this Form 10-K is reflective of the existing four segments of Collins, Pratt & Whitney, RIS and RMD in accordance with the management structure in place as of December 31, 2022. Collins Aerospace is a leading global provider of technologically advanced aerospace and defense products and aftermarket service solutions for aircraft manufacturers, airlines, and regional, business and general aviation, as well as for defense and commercial space operations. Collins’ product lines include integrated avionics systems, aviation systems, communications systems, navigation systems, electric power generation, management and distribution systems, environmental control systems, flight control systems, air data and aircraft sensing systems, engine control systems, engine components, engine nacelle systems, including thrust reversers and mounting pylons, interior and exterior aircraft lighting, aircraft seating and cargo systems, evacuation systems, landing systems, including landing gear, wheels and braking systems, hoists and winches, fire and ice detection and protection systems, actuation systems, and propeller systems. Collins also designs, manufactures, and supports cabin interior, oxygen systems, food and beverage preparation, storage and galley systems, lavatory and wastewater management systems. Collins’ solutions support human space exploration with environmental control and power systems and extravehicular activity suits and support government and defense customer missions by providing airborne intelligence, surveillance and reconnaissance systems, test and training range systems, crew escape systems, and simulation and training solutions. Collins also provides connected aviation solutions and services through worldwide voice and data communication networks and solutions. Aftermarket services include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, asset management services and information management services. Pratt & Whitney is among the world’s leading suppliers of aircraft engines for commercial, military, business jet and general aviation customers. Pratt & Whitney’s Commercial Engines and Military Engines businesses design, develop, produce and maintain families of large engines for wide- and narrow-body and large regional aircraft for commercial customers and for fighter, bomber, tanker and transport aircraft for military customers. Pratt & Whitney’s small engine business, Pratt & Whitney Canada (P&WC), is among the world’s leading suppliers of engines powering regional airlines, general and business aviation, as well as helicopters. Pratt & Whitney also produces, sells and services military and commercial auxiliary power units. Pratt & Whitney provides fleet management services and aftermarket maintenance, repair and overhaul services in all of these segments. Raytheon Intelligence & Space is a leading provider of integrated space, communication and sensor systems, and cyber and software solutions to intelligence, defense, federal and commercial customers. RIS’s Sensing and Effects business provides intelligence, surveillance and reconnaissance, precision targeting radars, and electronic warfare solutions across all domains, as well as end-to-end space solutions, including missile warning and intelligence, weather, and navigation. RIS Sensing and Effects products include the Multi-Spectral Targeting System (MTS) product family of sensors, Electro Optical Distributed Aperture System (EODAS), AN/APG-79 AESA Radar, AN/APG-82(V)1 AESA Radar, Next Generation Jammer Mid-Band (NGJ-MB), Global Positioning System (GPS) Next-Generation Operational Control System (GPS-OCX), Next Generation Overhead Persistent Infrared (OPIR), and Future Operationally Resilient Ground Evolution (FORGE). RIS’s Command, Control and Communications business provides automated battle management and secure, resilient communications systems, including terminals providing satellite communications connecting submarines, ships, aircraft and ground stations for the U.S. Department of Defense (DoD), identification friend or foe interrogators and transponders, and automation, surveillance, navigation, and landing solutions including the Joint Precision Approach Landing System (JPALS). RIS’s Cyber, Training and Services provides full-spectrum cyber and service solutions in every domain, including offensive and defensive cyber services for certain classified and department of defense customers, cyber protection solutions which secure and monitor information technology (IT) systems and networks across the federal and commercial domains, and high consequence missions which provide classified special mission support and IT intelligence services to certain classified customers. Raytheon Missiles & Defense is a leading provider of end-to-end solutions for U.S. and foreign government customers designed to detect, track and engage threats. RMD’s systems span air, land, sea and space, and are designed to defend against the most sophisticated threats. RMD’s Air Power business provides air-to-air and air-to-ground weapons that deliver power and precision to fourth- and fifth-generation fighters including the Advanced Medium Range Air-to-Air Missile (AMRAAM) and StormBreaker smart weapon, and ground-based sensors for persistent wide-area defense and space surveillance including Early Warning Radar. RMD’s Land Warfare and Air Defense business provides capabilities ranging from precision weapons including Excalibur, Javelin, Stinger and TOW to integrated air and missile defense, including the proven Patriot air and missile defense system, the Guidance Enhanced Missile (GEM-T), the National Advanced Surface-to-Air Missile System (NASAMS) and the GhostEye family of radars, including the Lower Tier Air and Missile Defense Sensor (LTAMDS). RMD’s Naval Power business provides advanced sensors, command and control and weapons to protect ships and sailors around the world, including AIM-9X Sidewinder, Tomahawk, Standard Missile 2 (SM-2) and Standard Missile 6 (SM-6) missiles, and the SPY-6 family of radars. RMD’s Strategic Missile Defense business provides technologically advanced sensors, satellites and interceptors including the AN/TPY-2 radar, Standard Missile 3 (SM-3) Block IA/IB/IIA missiles and development of future integrated missile defense solutions. RMD’s Advanced Technology business focuses on the development and early introduction of next-generation technologies and systems, including hypersonics, counter-hypersonics, directed energy, advanced weapons and next-generation radars. Segment Information. Total sales and operating profit by segment include inter-segment sales which are generally recorded at cost-plus a specified fee or at a negotiated fixed price. These pricing arrangements may result in margins different than what the purchasing segment realizes on the ultimate third-party sales. We present a FAS/CAS operating adjustment outside of segment results, which represents the difference between the service cost component of our pension and PRB expense under the Financial Accounting Standards (FAS) requirements of U.S. GAAP and our pension and PRB expense under U.S. government Cost Accounting Standards (CAS) primarily related to our RIS and RMD segments. While the ultimate liability for pension and PRB costs under FAS and CAS is similar, the pattern of cost recognition is different. Over time, we generally expect to recover the related RIS and RMD pension and PRB liabilities through the pricing of our products and services to the U.S. government. Collins and Pratt & Whitney generally record pension and PRB expense on a FAS basis. Acquisition accounting adjustments include the amortization of acquired intangible assets related to acquisitions, the amortization of the property, plant and equipment fair value adjustment acquired through acquisitions, the amortization of customer contractual obligations related to loss making or below market contracts acquired, and goodwill impairment. These adjustments are not considered part of management’s evaluation of segment results. Segment information for the years ended December 31 are as follows: Net Sales Operating Profit (Loss) Operating Profit (Loss) Margins (dollars in millions) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Collins Aerospace $ 20,597 $ 18,449 $ 19,288 $ 2,343 $ 1,759 $ 1,466 11.4 % 9.5 % 7.6 % Pratt & Whitney 20,530 18,150 16,799 1,075 454 (564) 5.2 % 2.5 % (3.4) % Raytheon Intelligence & Space 14,312 15,180 11,069 1,342 1,833 1,020 9.4 % 12.1 % 9.2 % Raytheon Missiles & Defense 14,863 15,539 11,396 1,519 2,004 880 10.2 % 12.9 % 7.7 % Total segment 70,302 67,318 58,552 6,279 6,050 2,802 8.9 % 9.0 % 4.8 % Eliminations and other (1) (3,228) (2,930) (1,965) (174) (133) (107) Corporate expenses and other unallocated items (2) — — — (318) (552) (590) FAS/CAS operating adjustment — — — 1,520 1,796 1,106 Acquisition accounting adjustments (3) — — — (1,893) (2,203) (5,100) Consolidated $ 67,074 $ 64,388 $ 56,587 $ 5,414 $ 4,958 $ (1,889) 8.1 % 7.7 % (3.3) % (1) Includes the operating results of certain smaller non-reportable business segments. 2020 amounts include Forcepoint, LLC, which was acquired as part of the Raytheon merger, and subsequently disposed of on January 8, 2021. (2) Includes the net expenses related to the U.S. Army’s LTAMDS project. (3) Operating profit (loss) in 2020 includes the $3.2 billion goodwill impairment charge in the second quarter of 2020 related to two Collins reporting units. Refer to “Note 2: Business Acquisitions, Dispositions, Goodwill and Intangible Assets” for additional information. Total Assets Capital Expenditures Depreciation & Amortization (dollars in millions) 2022 2021 2022 2021 2020 2022 2021 2020 Collins Aerospace (1) $ 67,030 $ 67,564 $ 655 $ 665 $ 638 $ 742 $ 728 $ 736 Pratt & Whitney (1) 36,205 33,414 949 700 565 724 642 729 Raytheon Intelligence & Space (1) 21,174 21,545 320 305 218 209 187 154 Raytheon Missiles & Defense (1) 27,852 28,766 260 287 280 333 333 228 Total segment 152,261 151,289 2,184 1,957 1,701 2,008 1,890 1,847 Corporate, eliminations and other 6,603 10,115 104 177 94 99 152 155 Acquisition accounting adjustments 2,001 2,515 2,154 Consolidated $ 158,864 $ 161,404 $ 2,288 $ 2,134 $ 1,795 $ 4,108 $ 4,557 $ 4,156 (1) Total assets include acquired intangible assets and the property, plant and equipment fair value adjustment. Related amortization expense is included in Acquisition accounting adjustments. Geographic External Sales by Origin and Long-Lived Assets. Geographic external sales are attributed to the geographic regions based on their location of origin. U.S. external sales include export sales to commercial customers outside the U.S. and sales to the U.S. government, commercial and affiliated customers, which are known to be for resale to customers outside the U.S. Long-lived assets are Fixed assets, net attributed to the specific geographic regions. External Net Sales Long-Lived Assets (dollars in millions) 2022 2021 2020 2022 2021 United States $ 57,869 $ 55,837 $ 48,560 $ 12,162 $ 11,731 International Europe 3,874 3,630 3,696 1,132 1,255 Asia Pacific 1,778 1,748 1,574 801 854 Middle East and North Africa 173 136 103 113 129 Other 3,380 3,037 2,654 962 1,003 Consolidated $ 67,074 $ 64,388 $ 56,587 $ 15,170 $ 14,972 Disaggregation of Revenue. We also disaggregate our contracts from customers by geographic region based on customer location, by customer and by sales type. Our geographic region based on customer location uses end user customer location where known or practical to determine, or in instances where the end user customer is not known or not practical to determine, we utilize “ship to” location as the customer location. In addition, for our RIS and RMD segments, we disaggregate our contracts from customers by contract type. We believe these categories best depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Segment sales disaggregated by geographic region for the years ended December 31 are as follows: 2022 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total United States $ 9,847 $ 10,433 $ 11,418 $ 9,482 $ 10 $ 41,190 Europe 5,374 4,211 418 1,108 — 11,111 Asia Pacific 2,021 3,775 747 1,514 — 8,057 Middle East and North Africa 474 450 231 2,444 — 3,599 Other 1,240 1,658 141 78 — 3,117 Consolidated net sales 18,956 20,527 12,955 14,626 10 67,074 Inter-segment sales 1,641 3 1,357 237 (3,238) — Business segment sales $ 20,597 $ 20,530 $ 14,312 $ 14,863 $ (3,228) $ 67,074 2021 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total United States $ 9,341 $ 9,034 $ 12,126 $ 9,495 $ 15 $ 40,011 Europe 4,421 3,488 434 1,255 — 9,598 Asia Pacific 1,851 3,885 771 1,462 — 7,969 Middle East and North Africa 462 441 469 3,007 — 4,379 Other 915 1,302 144 70 — 2,431 Consolidated net sales 16,990 18,150 13,944 15,289 15 64,388 Inter-segment sales 1,459 — 1,236 250 (2,945) — Business segment sales $ 18,449 $ 18,150 $ 15,180 $ 15,539 $ (2,930) $ 64,388 2020 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total United States $ 10,132 $ 8,534 $ 8,704 $ 6,906 $ 284 $ 34,560 Europe 4,643 2,726 307 1,031 149 8,856 Asia Pacific 1,810 4,024 637 1,132 41 7,644 Middle East and North Africa 421 505 410 2,077 30 3,443 Other 904 1,001 83 73 23 2,084 Consolidated net sales 17,910 16,790 10,141 11,219 527 56,587 Inter-segment sales 1,378 9 928 177 (2,492) — Business segment sales $ 19,288 $ 16,799 $ 11,069 $ 11,396 $ (1,965) $ 56,587 Segment sales disaggregated by type of customer for the years ended December 31 are as follows: 2022 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total U.S. government (1) $ 4,337 $ 5,272 $ 11,221 $ 9,477 $ 10 $ 30,317 Foreign military sales through the U.S. government 238 1,115 604 3,085 — 5,042 Foreign government direct commercial sales 978 474 827 2,048 — 4,327 Commercial aerospace and other commercial 13,403 13,666 303 16 — 27,388 Consolidated net sales 18,956 20,527 12,955 14,626 10 67,074 Inter-segment sales 1,641 3 1,357 237 (3,238) — Business segment sales $ 20,597 $ 20,530 $ 14,312 $ 14,863 $ (3,228) $ 67,074 (1) Excludes foreign military sales through the U.S. government. 2021 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total U.S. government (1) $ 4,685 $ 5,140 $ 11,844 $ 9,493 $ 15 $ 31,177 Foreign military sales through the U.S. government 168 1,273 825 3,280 — 5,546 Foreign government direct commercial sales 1,095 541 844 2,513 — 4,993 Commercial aerospace and other commercial 11,042 11,196 431 3 — 22,672 Consolidated net sales 16,990 18,150 13,944 15,289 15 64,388 Inter-segment sales 1,459 — 1,236 250 (2,945) — Business segment sales $ 18,449 $ 18,150 $ 15,180 $ 15,539 $ (2,930) $ 64,388 (1) Excludes foreign military sales through the U.S. government. 2020 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total U.S. government (1) $ 5,159 $ 5,193 $ 8,512 $ 6,896 $ 202 $ 25,962 Foreign military sales through the U.S. government 218 1,229 640 2,498 — 4,585 Foreign government direct commercial sales 923 583 740 1,725 3 3,974 Commercial aerospace and other commercial 11,610 9,785 249 100 322 22,066 Consolidated net sales 17,910 16,790 10,141 11,219 527 56,587 Inter-segment sales 1,378 9 928 177 (2,492) — Business segment sales $ 19,288 $ 16,799 $ 11,069 $ 11,396 $ (1,965) $ 56,587 (1) Excludes foreign military sales through the U.S. government. Sales to Airbus primarily relate to Pratt & Whitney and Collins products, and prior to discounts and incentives were approximately 14%, 12% and 13% of total net sales in 2022, 2021 and 2020, respectively. Segment sales disaggregated by sales type for the years ended December 31 are as follows: 2022 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total Products $ 14,857 $ 12,411 $ 10,261 $ 13,234 $ 10 $ 50,773 Services 4,099 8,116 2,694 1,392 — 16,301 Consolidated net sales 18,956 20,527 12,955 14,626 10 67,074 Inter-segment sales 1,641 3 1,357 237 (3,238) — Business segment sales $ 20,597 $ 20,530 $ 14,312 $ 14,863 $ (3,228) $ 67,074 2021 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total Products $ 13,404 $ 11,189 $ 10,735 $ 13,927 $ 15 $ 49,270 Services 3,586 6,961 3,209 1,362 — 15,118 Consolidated net sales 16,990 18,150 13,944 15,289 15 64,388 Inter-segment sales 1,459 — 1,236 250 (2,945) — Business segment sales $ 18,449 $ 18,150 $ 15,180 $ 15,539 $ (2,930) $ 64,388 2020 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total Products $ 14,664 $ 10,186 $ 7,775 $ 10,232 $ 462 $ 43,319 Services 3,246 6,604 2,366 987 65 13,268 Consolidated net sales 17,910 16,790 10,141 11,219 527 56,587 Inter-segment sales 1,378 9 928 177 (2,492) — Business segment sales $ 19,288 $ 16,799 $ 11,069 $ 11,396 $ (1,965) $ 56,587 RIS and RMD segment sales disaggregated by contract type for the years ended December 31 are as follows: 2022 2021 2020 (dollars in millions) Raytheon Intelligence & Space Raytheon Missiles & Defense Raytheon Intelligence & Space Raytheon Missiles & Defense Raytheon Intelligence & Space Raytheon Missiles & Defense Fixed-price $ 5,357 $ 8,763 $ 6,338 $ 9,406 $ 4,526 $ 7,080 Cost-type 7,598 5,863 7,606 5,883 5,615 4,139 Consolidated net sales 12,955 14,626 13,944 15,289 10,141 11,219 Inter-segment sales 1,357 237 1,236 250 928 177 Business segment sales $ 14,312 $ 14,863 $ 15,180 $ 15,539 $ 11,069 $ 11,396

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Accounting Principles (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Consolidation	Consolidation and Classification. The Consolidated Financial Statements include the accounts of Raytheon Technologies Corporation, and all wholly owned, majority-owned and otherwise controlled domestic and foreign subsidiaries. All intercompany transactions have been eliminated. For our consolidated non-wholly owned subsidiaries, a noncontrolling interest is recognized to reflect the portion of equity that is not attributable to us. For classification of certain current assets and liabilities, the duration of our contracts or programs is utilized to define our operating cycle, which is generally longer than one year. Included within our Current assets and liabilities are Contract assets and liabilities related to our aftermarket and development arrangements, which can generally span up to fifteen years. We reclassified certain immaterial prior period amounts within the Consolidated Statement of Cash Flows to conform to our current period presentation.
Use of Estimates	Use of Estimates. Our Consolidated Financial Statements are based on the application of U.S. Generally Accepted Accounting Principles (GAAP), which require us to make estimates and assumptions about future events that affect the amounts reported in our Consolidated Financial Statements and the accompanying notes. Actual results could differ from those estimates, and any such differences may be material to our Consolidated Financial Statements. Estimates and assumptions are reviewed periodically and the effects of changes, if any, are reflected in our Consolidated Financial Statements in the period they are determined.
Cash And Cash Equivalents	Cash and Cash Equivalents. Cash and cash equivalents includes cash on hand, demand deposits and short-term cash investments that are highly liquid in nature and have original maturities of three months or less. The estimated fair value of Cash and cash equivalents approximates the carrying value due to their short maturities.
Accounts Receivable	Accounts Receivable. Accounts receivable are stated at the net amount expected to be collected. We are exposed to credit losses primarily on our accounts receivable and contract assets related to our sales of products and services to commercial customers. The allowance for expected credit losses is established to provide for the expected lifetime credit losses by evaluating factors such as customer creditworthiness, historical payment and loss experiences, current economic conditions, including geographic and political risk, and the age and status of outstanding receivables. In certain circumstances, we may be able to develop reasonable and supportable forecasts over the contractual term of the financial asset. For periods beyond which we are able to make or obtain reasonable and supportable forecasts, we revert to historical loss experience and information. We determine credit ratings for each customer in our portfolio based upon public information and information obtained directly from our customers. We conduct a review of customer credit ratings, published historical credit default rates for different rating categories, and multiple third-party aircraft value publications as a basis to validate the reasonableness of the allowance for expected credit losses on a quarterly basis, or when events and circumstances warrant. A credit limit is established for each customer based on the outcome of this review and consideration of the other factors discussed above. In certain cases, we may require collateral or prepayment to mitigate credit risk. Expected credit losses are written off in the period in which the financial asset is no longer collectible. Unbilled receivables represent revenues that are not currently billable to the customer under the terms of the contract and include unbilled amounts under commercial contracts where payment is solely subject to the passage of time. These items are expected to be billed and collected in the normal course of business. Accounts receivable as of December 31, 2022 and 2021 includes unbilled receivables of $298 million and $342 million, respectively, which primarily includes unbilled receivables with commercial aerospace customers. Other unbilled receivables where payment is subject to factors beyond just the passage of time are included in Contract assets in the Consolidated Balance Sheet.
Contract with Customer, Assets and Liabilities	Contract Assets and Liabilities. Contract assets and liabilities represent the difference in the timing of revenue recognition from receipt of cash from our customers. Contract assets reflect revenue recognized and performance obligations satisfied or partially satisfied in advance of customer billing. Contract liabilities relate to payments received in advance of the satisfaction of performance under the contract. We receive payments from customers based on the terms established in our contracts. Contract assets and Contract liabilities are generally classified as current as our operating cycle is generally longer than one year. See “Note 6: Contract Assets and Liabilities” for further discussion of Contract assets and liabilities. As described in more detail above in “Accounts Receivable,” we are exposed to credit losses on our contract assets related to our sales of products and services to commercial customers and regularly assess our allowance for expected credit losses as it relates to our Contract assets.
Inventory	Inventory. Inventory is stated at the lower of cost or estimated realizable value and is primarily based on first-in, first-out (FIFO) or average cost methods.
Equity Method Investments	Equity Investments. Investments in entities we do not control are included in Other assets on the Consolidated Balance Sheet. For investments where we have significant influence, we apply the equity method of accounting, and as such, our share of the net earnings or losses of the investee is recorded. For investments where we do not have significant influence, we record them at cost under the measurement alternative and record adjustments for observable price changes. Equity investment income and losses are included in Other income, net on the Consolidated Statement of Operations since the activities of the investee are closely aligned with our operations. We evaluate our equity investments whenever events or changes in circumstance indicate that the carrying amounts of such investments may be impaired. If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period. Our sales to and purchases from unconsolidated entities accounted for under the equity method, which are considered related parties, are not material.
Financing Receivable	Customer Financing Assets . Customer financing assets (CFA) relate to our commercial aerospace businesses in which we provide financing to airline customers. Our financing predominantly relates to products under lease, and to a lesser extent, notes and lease receivables. In certain limited circumstances, we pay deposits on behalf of our airline customers to secure production slots with the airframers, and such pre-delivery payments are included in Accounts receivable, net, if current, and Customer financing assets, if non-current, in our Consolidated Balance Sheet. Any unfunded pre-delivery payments are included within our commercial aerospace financing commitments as further discussed in “Note 18: Commitments and Contingencies.” Interest income from notes and financing leases and rental income from operating lease assets is generally included in Other income, net in the Consolidated Statement of Operations, while gains or losses on sales of operating lease assets are included in Products sales and Cost of sales. The current portion of these financing arrangements are aggregated in Accounts receivable, net and the non-current portion of these financing arrangements are aggregated in CFA in the Consolidated Balance Sheet. The increases and decreases in CFA from funding, receipts and certain other activity, are generally reflected as Investing Activities in the Consolidated Statement of Cash Flows. Leased assets are valued at cost and reviewed for impairment when circumstances indicate that the related carrying amounts may not be recoverable. Notes and lease receivables are valued at the net amount expected to be collected. For notes and lease receivables, we determine a specific reserve for exposure based on the difference between the carrying value of the receivable and the estimated fair value of the related collateral in connection with
Property, Plant and Equipment	Fixed Assets, Net. Fixed assets, net, are stated at cost less accumulated depreciation. Major improvements are capitalized while expenditures for maintenance, repairs and minor improvements are expensed. For asset sales or retirements, the assets and related accumulated depreciation and amortization are eliminated from the accounts. Gains and losses on sales of our Fixed assets, net, are generally recorded in operating income.
Business Combinations	Business Combinations. Once a business is acquired, the fair value of the identifiable assets acquired and liabilities assumed is determined with the excess cost recorded to goodwill. As required, a preliminary fair value is determined once a business is acquired, with the final determination of the fair value being completed no later than one year from the date of acquisition. In connection with the acquisitions of Rockwell Collins in 2018 and Goodrich in 2012, and to a lesser extent the acquisition of Raytheon Company in 2020, we recorded assumed liabilities related to customer contractual obligations on certain contracts with economic returns that were lower than what could be realized in market transactions as of the acquisition date. We measured these assumed liabilities based on the estimated cash flows of the programs plus a reasonable contracting profit margin required to transfer the contracts to market participants. These liabilities are being amortized in accordance with the underlying pattern of obligations, as reflected by the expenses incurred on the contracts. The balance of the contractual obligations was $818 million and $929 million at December 31, 2022 and 2021, respectively. Total consumption of the contractual obligations for the years ended December 31, 2022, 2021 and 2020 was $111 million, $314 million and $295 million, respectively, with future consumption expected to be as follows: $104 million in 2023, $80 million in 2024, $68 million in 2025, $67 million in 2026, $65 million in 2027 and $434 million thereafter.
Goodwill And Intangible Assets	Goodwill and Intangible Assets. Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill and intangible assets deemed to have indefinite lives are not amortized, but are subject to impairment testing annually, or more frequently if events or changes in circumstances indicate the asset might be impaired. The goodwill impairment test compares carrying values of the reporting units to their estimated fair values. If the carrying value exceeds the fair value then the carrying value is reduced to fair value. In developing our estimates for the fair value of our reporting units and indefinite-lived intangible assets, significant judgment is required in the determination of the appropriateness of using a qualitative assessment or quantitative assessment. For the quantitative assessments that are performed, fair value is primarily based on market-based valuation methods, income-based methods using a discounted cash flow model, relief from royalty methods, or a combination of such. These assessments utilize significant assumptions including sales growth rates, projected operating profit, terminal growth rates, discount rates, royalty rates, and comparable multiples from publicly traded companies in our industry. Such assumptions are subject to variability from year to year and are directly impacted by, among other things, global market conditions. Finite-lived intangible assets are tested for impairment when events occur that indicate that the net book value will not be recovered over future cash flows. Intangible assets consist of patents, trademarks/tradenames, customer relationships, exclusivity assets, developed technology and other intangible assets including collaboration assets. Acquired intangible assets are recognized at fair value in purchase accounting. Finite-lived intangible assets are amortized to Cost of sales and Selling, general and administrative expenses over the applicable useful lives. Exclusivity assets are commercial aerospace payments made to secure certain contractual rights to provide product on new aircraft platforms. We classify amortization of such payments as a reduction of sales. Such payments are capitalized when there are distinct rights obtained and there are sufficient incremental cash flows to support the recoverability of the assets established. Otherwise, the applicable portion of the payments are expensed. In addition, in connection with our 2012 agreement to acquire Rolls-Royce’s ownership and collaboration interests in International Aero Engines AG (IAE), additional payments are due to Rolls-Royce contingent upon each hour flown through June 2027 by the V2500-powered aircraft in service as of the acquisition date. These flight hour payments are being capitalized as collaboration assets and amortized to cost of sales. Useful lives of finite-lived intangible assets are estimated based upon the nature of the intangible asset and the industry in which the intangible asset is used. These intangible assets are amortized based on the pattern in which the economic benefits of the intangible assets are consumed, as represented by the underlying cash flows, which may result in an amortization method other than straight-line. For both our commercial aerospace collaboration assets and exclusivity arrangements, the pattern of economic benefit generally results in no amortization during the development period with amortization beginning as programs enter full rate production and aftermarket cycles. If a pattern of economic benefit cannot be reliably determined or if straight- line amortization approximates the pattern of economic benefit, a straight-line amortization method may be used. The range of estimated useful lives is as follows: Years Collaboration assets 30 Customer relationships and related programs 3 to 30 Developed technology 3 to 25 Patents and trademarks 5 to 30 Exclusivity assets 5 to 25
Lessee, Leases	Leases. As a lessee, we record a right-of-use asset and a lease liability on the Consolidated Balance Sheet for leases with terms longer than 12 months. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the Consolidated Statement of Operations. We enter into lease agreements for the use of real estate space, vehicles, information technology equipment, and certain other equipment under both operating and finance leases. We determine if an arrangement contains a lease at inception. Operating leases are included in Operating lease right-of-use assets and Operating lease liabilities, non-current on our Consolidated Balance Sheet. The current portion of our operating lease liabilities is included in Accrued liabilities on our Consolidated Balance Sheet. Finance leases are not considered significant to our Consolidated Balance Sheet or Consolidated Statement of Operations. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments, and use the implicit rate when readily determinable. We determine our incremental borrowing rate through market sources including relevant industry rates. Our lease right-of-use assets also include any initial direct costs and lease pre-payments made at or before the commencement date and are reduced for any lease incentives received at or before the commencement date. Certain of our leases include variable payments, which may vary based upon changes in facts or circumstances after the start of the lease. We exclude variable payments from lease right-of-use assets and lease liabilities, to the extent such payments are not considered fixed, and instead, expense variable payments as incurred. Variable lease expense and lease expense for short duration contracts are not a material component of lease expense. Some of our leases include the option to extend or terminate the lease. We include these options in the recognition of our right-of-use assets and lease liabilities when it is reasonably certain that we will exercise the option. Lease expense is generally recognized on a straight-line basis over the lease term. In limited instances we act as a lessor, primarily for commercial aerospace engines, the majority of which are classified as operating leases. These leases are not significant to our Consolidated Balance Sheet or Consolidated Statement of Operations.
Other Long Lived Assets	Other Long-Lived Assets. We evaluate the potential impairment of other long-lived assets whenever events or changes in circumstances indicate that the related carrying amounts may not be recoverable. If the carrying value of other long-lived assets held and used exceeds the sum of the undiscounted expected future cash flows, the carrying value is written down to fair value. In order for long-lived assets to be considered held for disposal, we must have committed to a plan to dispose of the assets. Once deemed held for disposal, the assets are stated at the lower of the carrying amount or fair value.
Income Tax	Income Taxes. Future income taxes represent the tax effects of transactions which are reported in different periods for tax and financial reporting purposes. These amounts consist of the tax effects of temporary differences between the tax and financial reporting balance sheets and tax carryforwards. Future income tax benefits and payables within the same tax paying component of a particular jurisdiction are offset for presentation in the Consolidated Balance Sheet. I n the ordinary course of business there is inherent uncertainty in quantifying our income tax positions. We assess our income tax positions and record tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting date. For those tax positions where it is more-likely-than-not that a tax benefit will be sustained, we have recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more-likely-than-not that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements. Where applicable, associated interest expense has also been recognized. We recognize accrued interest related to unrecognized tax benefits in interest expense. Penalties, if incurred, would be recognized as a component of income tax expense. State income tax amounts are generally included in income tax expense; however state income tax payments related to our Raytheon Intelligence & Space (RIS) and Raytheon Missiles & Defense (RMD) segments are generally recoverable through the pricing of products and services to the U.S. government, and, accordingly, we have recorded the future recovery of these costs from the U.S. government within Other assets, current in the Consolidated Balance Sheet. Accordingly, these state income taxes are generally allocated to contracts and then classified as Selling, general and administrative expenses when paid (recovered) or otherwise agreed as allocable with the U.S. government. We have elected to account for tax on Global Intangible Low-Taxed Income ( GILTI) as a period cost, as incurred.
Revenue Recognition	Revenue Recognition. The vast majority of our revenues are from long-term contracts associated with the design, development, manufacture or modification of complex aerospace or defense equipment or related services. Collins and Pratt & Whitney primarily serve commercial and government customers in both the original equipment manufacturer (OEM) and aftermarket parts and services markets of the aerospace industry, while RIS and RMD primarily provide products and services to government customers in the defense industry. We account for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. For certain contracts that meet the foregoing requirements, primarily contracts that are directly with a foreign government, we are required to obtain certain regulatory approvals. In these cases, we recognize revenue based on the likelihood of obtaining regulatory approvals based upon all known facts and circumstances. A performance obligation is a promise in a contract with a customer to transfer a distinct good or service to the customer. Some of our contracts with customers contain a single performance obligation, while others contain multiple performance obligations most commonly when a contract contains multiple distinct units (such as engines or certain aerospace components) or spans multiple phases of the product life-cycle such as production, maintenance and support. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as the performance obligation is satisfied. When there are multiple performance obligations within a contract, we allocate the transaction price to each performance obligation based on its standalone selling price when available. If standalone selling price is not available, we estimate the standalone selling price of each performance obligation, which is generally based on an expected cost plus a margin approach. We consider the contractual consideration payable by the customer and assess variable consideration that may affect the total transaction price, including contractual discounts, contract incentive payments, estimates of award fees, flight hours, aircraft landings or other customer usage activities on long term maintenance contracts, and other sources of variable consideration, when determining the transaction price of each contract. When reasonably able to estimate, we include variable consideration in the transaction price at the most likely amount to which we expect to be entitled. We include estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. These estimates are based on historical experience, anticipated performance and our best judgment at the time. We also consider whether our contracts contain a significant financing component, which they generally do not. Timing of the satisfaction of performance obligations varies across our businesses due to our diverse product and service mix, customer base, and contractual terms. Performance obligations are satisfied as of a point in time for certain aerospace components, engines, and spare parts. Revenue is recognized when control of the product transfers to the customer, generally upon product shipment. Since billing also typically occurs upon product shipment, we generally do not have Contract assets or Contract liabilities balances related to point in time sales. Performance obligations are satisfied over-time if the customer receives the benefits as we perform work, if the customer controls the asset as it is being produced (continuous transfer of control), or if the product being produced for the customer has no alternative use and we have a contractual right to payment for performance to date. We recognize revenue on an over-time basis for substantially all defense contracts and certain long-term aerospace OEM and aftermarket contracts. Substantially all of our defense business revenue, which primarily relates to our RIS and RMD segments, and to a lesser extent Pratt & Whitney and Collins, is recognized over time because of the continuous transfer of control to our customers. For performance obligations satisfied over time, revenue is recognized on a percentage of completion basis generally using costs incurred to date relative to total estimated costs at completion to measure progress. Incurred costs represent work performed, which correspond with and best depict transfer of control to the customer. Contract costs can include labor, materials, subcontractors’ costs, or other direct costs and indirect costs. Our contracts with the U.S. government are typically subject to the Federal Acquisition Regulation (FAR) and are priced based on estimated or actual costs of producing goods or providing services. The FAR provides guidance on the types of costs that are allowable in establishing prices for goods and services provided under U.S. government contracts. The pricing for non-U.S. government contracts is based on the specific negotiations with each customer. Under the typical payment terms of our U.S. government fixed-price contracts, the customer pays us either performance-based payments (PBPs) or progress payments. PBPs are interim payments equal to a negotiated percentage of the contract price based on quantifiable measures of performance or on the achievement of specified events or milestones. Progress payments are interim payments up to 80-90% of costs incurred as the work progresses. Because the customer retains a portion of the contract price until completion of the contract, our U.S. government fixed-price contracts generally result in revenue recognized in excess of billings which we present as Contract assets on the Consolidated Balance Sheet. For our U.S. government cost-type contracts, the customer generally pays us for our costs incurred within a short period of time. For non-U.S. government contracts, we typically receive interim payments as work progresses, although for some contracts, we may be entitled to receive an advance payment. Such advances are not considered a significant financing component because they are used to meet working capital demands that can be higher in the early stages of a contract and to protect us from the other party failing to adequately complete some or all of its obligations under the contract. We recognize a liability for advance payments in excess of revenue recognized and present it as Contract liabilities on the Consolidated Balance Sheet. For certain of our long-term aftermarket contracts, revenue is recognized over the contract period. We generally account for such contracts as a series of daily performance obligations to stand ready to provide spare parts, product maintenance and aftermarket services. These arrangements include the sale of spare parts with integral services to our customers, and are generally classified as Services sales, with the corresponding costs classified in Cost of sales - services, within the Consolidated Statement of Operations. Revenue is primarily recognized on a percentage of completion basis using costs incurred to date relative to total estimated costs at completion to measure progress, as sufficient historical evidence indicates that the cost of performing services under the contract is incurred on an other-than-straight-line basis. For some of our long-term aftermarket contracts, we receive payment prior to delivery of products and services, resulting in a contract liability balance, while for others, we deliver products or services in advance of payment, resulting in a contract asset balance. Contracts are often modified to account for changes in contract specifications or requirements. We consider contract modifications to exist when the modification either creates new or changes existing enforceable rights and obligations. Contract modifications for goods or services that are not distinct are accounted for as part of the existing contract either on a cumulative catch-up basis or prospective basis depending on the nature of the modification. Loss provisions on contracts are recognized to the extent that estimated contract costs exceed the estimated consideration from the products or services contemplated under the contractual arrangement. For new commitments, we generally record loss provisions at contract signing except for certain contracts under which losses are recorded upon receipt of the purchase order that obligates us to perform. For existing commitments, anticipated losses on contractual arrangements are recognized in the period in which losses become evident. In estimating losses, products contemplated under contractual arrangements include firm quantities of product sold under contract and, in the commercial engine and wheels and brakes businesses, future highly probable sales of replacement parts required by regulation that are expected to be sold subsequently for incorporation into the original equipment. In our commercial engine and wheels and brakes businesses, when the OEM product is sold for a loss, but the combined OEM and aftermarket arrangement for each individual sales campaign is profitable, we record OEM product losses at the time of product delivery. We review our Estimates at Completion (EACs) at least annually or when a change in circumstances warrants a modification to a previous estimate. For significant contracts, we review our EACs more frequently. Due to the nature of the work required to be performed on many of the Company’s performance obligations, the estimation of total revenue and cost at completion is complex, subject to many variables and requires significant judgment by management on a contract by contract basis. As part of this process, management reviews information including, but not limited to, any outstanding key contract matters, progress towards completion and the related program schedule, identified risks and opportunities and the related changes in estimates of revenues and costs. The risks and opportunities relate to management’s judgment about the ability and cost to achieve the schedule, consideration of customer-directed delays or reductions in scheduled deliveries, technical requirements, customer activity levels, such as flight hours or aircraft landings, and related variable consideration. Management must make assumptions and estimates regarding contract revenue and costs, including estimates of labor productivity and availability, the complexity and scope of the work to be performed, the availability and cost of materials, including any impact from rising costs or inflation, the length of time to complete the performance obligation, execution by our subcontractors, the availability and timing of funding from our customer, overhead cost rates, and current and past maintenance cost and frequency driven by estimated aircraft and engine utilization and estimated useful lives of components, among others. In particular, fixed-price development programs involve significant management judgment, as development contracts by nature have elements that have not been done before and thus, are highly subject to future unexpected cost changes. Cost estimates may also include the estimated cost of satisfying our industrial cooperation agreements, sometimes in the form of either offset obligations or in-country industrial participation (ICIP) agreements, required under certain contracts. These obligations may or may not be distinct depending on their nature. If cash is paid to a customer to satisfy our offset obligations it is recorded as a reduction in the transaction price. Changes in estimates of net sales, cost of sales and the related impact to operating profit on contracts recognized over time are recognized on a cumulative catch-up basis, which recognizes the cumulative effect of the profit changes on current and prior periods based on a performance obligation’s percentage of completion in the current period. A significant change in one or more of these estimates could affect the profitability of one or more of our performance obligations. Our EAC adjustments also include the establishment of and changes to loss provisions for our contracts accounted for on a percentage of completion basis. Net EAC adjustments had the following impact on our operating results: (dollars in millions, except per share amounts) 2022 2021 2020 Total net sales $ 152 $ 296 $ (407) Operating profit (loss) (37) 110 (643) Income (loss) from continuing operations attributable to common shareowners (1) (29) 87 (508) Diluted earnings (loss) per share from continuing operations attributable to common shareowners (1) $ (0.02) $ 0.06 $ (0.37) (1) Amounts reflect a U.S. statutory tax rate of 21%, which approximates our tax rate on our EAC adjustments. For additional discussion on significant unfavorable EAC adjustments in 2020, see the COVID-19 Pandemic discussion above. As a result of the Raytheon merger, Raytheon Company’s contracts accounted for on a percentage of completion basis were reset to zero percent complete as of the merger date, because only the unperformed portion of the contract at the merger date represented the obligation of the Company. This had the impact of reducing EAC adjustments for these segments in the short term period following the merger, most notably in 2020. For additional information related to the Raytheon merger, see “Note 2: Business Acquisitions, Dispositions, Goodwill and Intangible Assets.” In our Collins and Pratt & Whitney businesses, we may offer customers incentives to purchase our products, which may result in payments made to those customers, which are treated as a reduction in sales. In our Collins and Pratt & Whitney businesses, we incur contract fulfillment costs for engineering and development of aerospace products directly related to existing or anticipated contracts with customers. Such costs generate or enhance our ability to satisfy our performance obligations under these contracts. We capitalize these costs as contract fulfillment costs to the extent the costs are recoverable from the associated contract margin and customer funding, and subsequently amortize the costs as the related performance obligations are satisfied. In instances where intellectual property does not transfer to the customer, we generally defer the customer funding of product engineering and development and recognize revenue when the related performance obligations are satisfied. Capitalized contract fulfillment costs were $2.3 billion and $2.0 billion as of December 31, 2022 and 2021, respectively, and are classified in Other assets, current in our Consolidated Balance Sheet and are included in Other current assets in our Consolidated Statement of Cash Flows. We regularly assess capitalized contract fulfillment costs for impairment and recognized $111 million of impairment for contract fulfillment costs in 2020 in conjunction with the related impacts of the COVID-19 pandemic. Costs to obtain contracts are not material. In view of the risks and costs associated with developing new engines and the large up-front investments required that often require returns generated over the full estimated life of the engine, Pratt & Whitney has entered into certain collaboration arrangements in which sales, costs and risks are shared. Sales generated from engine programs, spare parts sales, and aftermarket business under these collaboration arrangements are recorded consistent with our revenue recognition policies in our Consolidated Financial Statements. Amounts attributable to our collaborators for their share of sales are recorded as cost of sales in our Consolidated Financial Statements based upon the terms and nature of the arrangement. Costs associated with engine programs under collaborative arrangements are expensed as incurred. Under these arrangements, collaborators contribute their program share of engine parts, incur their own production costs and make certain payments for shared or joint program costs. The reimbursement from collaborators of their share of program costs is recorded as a reduction of the related expense item at that time. As of December 31, 2022, the collaborators’ interests in all commercial engine programs ranged from 13% to 49%, inclusive of a portion of Pratt & Whitney’s interests held by other participants. Pratt & Whitney is the principal participant in all existing collaborative arrangements, with the exception of the Engine Alliance (EA), a joint venture with GE Aviation, which provides aftermarket support, spare parts, and service for the GP7000 engine for the Airbus A380 aircraft. There are no individually significant collaborative arrangements, and none of the collaborators individually have more than a 25% share in an individual program. The following table illustrates the Consolidated Statement of Operations classification and amounts attributable to transactions arising from the collaborative arrangements between participants for each period presented. (dollars in millions) 2022 2021 2020 Collaborator share of sales: Cost of sales - products $ 2,058 $ 1,534 $ 1,183 Cost of sales - services 1,808 1,428 1,374 Collaborator share of program costs (reimbursement of expenses incurred): Cost of sales - products (154) (160) (147) Research and development (182) (135) (177) Selling, general and administrative (105) (85) (99)
Remaining Performance Obligations	Remaining Performance Obligations (RPO). RPO represents the aggregate amount of total contract transaction price that is unsatisfied or partially unsatisfied. Total RPO was $175 billion as of December 31, 2022. In the quarter ended March 31, 2022, we reversed approximately $1.3 billion of RPO related to our sales contracts in Russia due to global sanctions on and export controls with respect to Russia, as further discussed above. Of the total RPO as of December 31, 2022, we expect approximately 25% will be recognized as sales over the next 12 months. Approximately 45% of our RPO relates to long-term commercial aerospace maintenance contracts at Pratt & Whitney, which are generally expected to be realized over a span of up to 15 years.
Research and Development	Research and Development. Company-sponsored research and development costs, including those costs related to the Company’s portion in connection with cost-sharing arrangements, are charged to expense as incurred and recovery on these cost-sharing arrangements is recorded as a reduction to research and development expense as earned. Customer-sponsored research and development projects performed under contracts with customers are accounted for as contract costs and reported as cost of sales on the related revenue generating contracts.
Foreign Currency Transactions And Translations	Foreign Exchange. We conduct business in many different currencies and, accordingly, are subject to the inherent risks associated with foreign exchange rate movements. The financial position and results of operations of many of our foreign subsidiaries are often measured using the local currency as the functional currency. Foreign currency denominated assets and liabilities are translated into U.S. Dollars at the exchange rates existing at the respective balance sheet dates, and income and expense items are translated at the average exchange rates during the respective periods. The aggregate effects of translating the balance sheets of these subsidiaries are deferred as a separate component of Accumulated other comprehensive loss (AOCL) in Shareowners’ equity on our Consolidated Balance Sheet. Foreign exchange transaction gains and losses are recorded in Other income, net on our Consolidated Statement of Operations.
Derivatives and Hedging Activity	Derivatives and Hedging Activity. We use derivative instruments, including swaps, forward contracts and options, to help manage certain foreign currency, and from time to time to help manage interest rate and commodity price exposures. Derivative instruments are viewed as risk management tools by us and are not used for trading or speculative purposes. By their nature, all financial instruments involve market and credit risks. We enter into derivative and other financial instruments with major investment grade financial institutions and have policies to monitor the credit risk of those counterparties. We limit counterparty exposure and concentration of risk by diversifying counterparties. While there can be no assurance, we do not anticipate any material non-performance by any of these counterparties. We enter into transactions that are subject to enforceable master netting arrangements or similar agreements with various counterparties. However, we have not elected to offset multiple contracts with a single counterparty and, as a result, the fair value of the derivative instruments in a loss position is not offset against the fair value of derivative instruments in a gain position. Derivatives used for hedging purposes may be designated and effective as a hedge of the identified risk exposure at the inception of the contract. All derivative instruments are recorded on the balance sheet at fair value. Derivatives used to hedge foreign currency denominated balance sheet items are reported directly in earnings along with offsetting transaction gains and losses on the items being hedged. Derivatives used to hedge forecasted cash flows associated with foreign currency commitments or forecasted commodity purchases may be accounted for as cash flow hedges, as deemed appropriate. Gains and losses on derivatives designated as cash flow hedges are recorded in other comprehensive income (loss) and reclassified to earnings as a component of products sales or expenses, as applicable, when the hedged transaction occurs. Cash payments or receipts on derivatives designated as cash flow hedges are recorded in Other operating activities, net within the Consolidated Statement of Cash Flows. To the extent that a previously designated hedging transa ction is no longer an effective hedge, any ineffectiveness measured in the hedging relationship is recorded currently in earnings in the period it occurs. To the extent the hedge accounting criteria are not met, the foreign currency forward contracts are utilized as economic hedges and changes in the fair value of these contracts are recorded currently in earnings in the period in which they occur. Cash
Environmental Costs	Environmental. Environmental investigatory, remediation, operating and maintenance costs are accrued when it is probable that a liability has been incurred and the amount can be reasonably estimated. The most likely cost to be incurred is accrued based on an evaluation of currently available facts with respect to each individual site, including existing technology, current laws and regulations and prior remediation experience. Where no amount within a range of estimates is more likely, the minimum is accrued. For sites with multiple responsible parties, we consider our likely proportionate share of the anticipated remediation costs and the ability of the other parties to fulfill their obligations in establishing a provision for those costs. Liabilities with fixed or reliably determinable future cash payments are discounted. A portion of these costs is eligible for future recovery through the pricing of our products and services to the U.S. government. We regularly assess the probability of recovery of these costs, which requires us to make assumptions about the extent of cost recovery under our contracts and the amount of future contract activity with the U.S. government. We consider such recovery probable based on government contracting regulations and our history of receiving reimbursement for such costs, and accordingly have recorded the future recovery of these costs from the U.S. government within Other assets, current in the Consolidated Balance Sheet. Accrued environmental liabilities are not reduced by potential insurance reimbursements or potential recoveries from pursuing other parties. We also lease certain government-owned properties and generally are not liable for remediation of preexisting environmental contamination at these sites. As a result, we generally do not provide for these costs in our Consolidated Financial Statements. See “Note 18: Commitments and Contingencies” for additional details on the environmental remediation activities.
Pension and Postretirement Obligations	Pension and Postretirement Obligations. U.S. GAAP requires balance sheet recognition of the overfunded or underfunded status of pension and postretirement benefit (PRB) plans. Funded status is measured at least annually in the fourth quarter and represents the difference between the plans’ projected benefit obligation (PBO) and the fair market value of the plans’ assets. Changes to our pension and PRB plans’ funded status can result from company actions, such as contributions or changes in plan provisions, or by gains and losses. Gains and losses are primarily a result of changes in assumptions and actual experience that differs from these assumptions. Major assumptions include the discount rate and expected return on plan assets (EROA). These gains or losses are recorded in other comprehensive income, net of tax effects, until they are amortized as a component of net periodic benefit (income) expense. A calculated “market-related value” of our plan assets is used to develop the amount of deferred asset gains or losses to be amortized. The market-related value of assets is equal to the fair value of assets adjusted to reflect the recognition, and subsequent amortization, of the difference between actual and expected asset returns over a five-year period. The market-related value of assets is used to calculate the expected return on assets included in the net periodic benefit (income) expense. The Company has elected to use the “corridor” approach in the amortization of gains and losses, which limits the expense recognition to the net outstanding gains and losses in excess of the greater of 10% of the PBO or 10% of the market-related value of assets. Gains and losses exceeding the corridor are amortized in net periodic benefit (income) expense over either the projected average remaining employee service period or the projected average remaining lifetime of inactive participants depending on the plan. Net periodic benefit (income) expense is classified between operating and non-operating, whereby only the service cost component is included in operating profit and the remaining components are included in Non-service pension (income) expense.
Product Performance Obligations	Product Performance Obligations. We extend performance and operating cost guarantees beyond our normal service and warranty policies for extended periods on some of our products, particularly commercial aircraft engines. Liability under such guarantees is based upon future product performance and durability. We accrue for such costs that are probable and can be reasonably estimated. In addition, we incur discretionary costs to service our products in connection with product performance issues. The costs associated with these product performance and operating cost guarantees require estimates over the full terms of the agreements, and require management to consider factors such as the extent of future maintenance requirements, interval between flight and repair time and the future cost of material and labor to perform the services. These cost estimates are largely based upon historical experience. See “Note 17: Guarantees” for further discussion.
Government Assistance	Government Grants. We may receive grants from various federal, state, local, and foreign governments in exchange for compliance with certain conditions relating to our activities in a specific jurisdiction. Grants are often structured to encourage investment, job creation, job retention, employee training, and other related activities. We recognize government grants when there is reasonable assurance that the Company will comply with the conditions of the grant and the grant is received or is probable of receipt and the amount is determinable. Government grants are recorded as a reduction to the related expense or
New Accounting Pronouncements	Accounting Pronouncements. In September 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-04, Liabilities – Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations, which requires that a buyer in a supplier finance program disclose the key terms of supplier finance programs, the amount of obligations outstanding at the end of the reporting period that the entity has confirmed as valid to the finance provider, where these obligations are recorded in the balance sheet, and a roll forward of the obligations. The new standard is effective for fiscal years beginning after December 15, 2022, on a retrospective basis, including interim periods within those fiscal years. We are currently evaluating the impact of adopting this new pronouncement. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance, which requires business entities to make specific annual disclosures about transactions with a government. The new standard is effective for fiscal years beginning after December 15, 2021. The adoption of this standard did not have an impact on our disclosures. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires an acquirer to apply the guidance in ASC 606, Revenue from Contracts with Customers, to recognize and measure contract assets and contract liabilities in a business combination, rather than using fair value. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted. Effective January 1, 2022, we elected to early adopt the requirements of the new standard on a prospective basis. The adoption of the standard did not have an impact on our financial position, results of operations or liquidity. Other new pronouncements issued but not effective until after December 31, 2022 are not expected to have a material impact on our results of operations, financial condition or liquidity.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Accounting Principles (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of finite-lived intangible assets estimated useful lives	The range of estimated useful lives is as follows: Years Collaboration assets 30 Customer relationships and related programs 3 to 30 Developed technology 3 to 25 Patents and trademarks 5 to 30 Exclusivity assets 5 to 25
Schedule of Change in Accounting Estimate	Net EAC adjustments had the following impact on our operating results: (dollars in millions, except per share amounts) 2022 2021 2020 Total net sales $ 152 $ 296 $ (407) Operating profit (loss) (37) 110 (643) Income (loss) from continuing operations attributable to common shareowners (1) (29) 87 (508) Diluted earnings (loss) per share from continuing operations attributable to common shareowners (1) $ (0.02) $ 0.06 $ (0.37) (1) Amounts reflect a U.S. statutory tax rate of 21%, which approximates our tax rate on our EAC adjustments.
Collaborative Arrangement and Arrangement Other than Collaborative	The following table illustrates the Consolidated Statement of Operations classification and amounts attributable to transactions arising from the collaborative arrangements between participants for each period presented. (dollars in millions) 2022 2021 2020 Collaborator share of sales: Cost of sales - products $ 2,058 $ 1,534 $ 1,183 Cost of sales - services 1,808 1,428 1,374 Collaborator share of program costs (reimbursement of expenses incurred): Cost of sales - products (154) (160) (147) Research and development (182) (135) (177) Selling, general and administrative (105) (85) (99)

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2022
Business Acquisition [Line Items]
Schedule of Goodwill	Changes in our goodwill balances for the year ended in 2022 were as follows: (dollars in millions) Balance as of January 1, 2022 Acquisitions and Divestitures Foreign currency Balance as of Collins Aerospace $ 31,384 $ (36) $ (629) $ 30,719 Pratt & Whitney 1,563 — — 1,563 Raytheon Intelligence & Space 9,813 26 2 9,841 Raytheon Missiles & Defense 11,659 41 — 11,700 Total Segment 54,419 31 (627) 53,823 Eliminations and other 17 — — 17 Total $ 54,436 $ 31 $ (627) $ 53,840
Schedule of Indefinite-Lived Intangible Assets	Identifiable intangible assets are comprised of the following: 2022 2021 (dollars in millions) Gross Accumulated Gross Accumulated Amortized: Collaboration assets $ 5,536 $ (1,408) $ 5,319 $ (1,173) Exclusivity assets 2,911 (323) 2,673 (318) Developed technology and other 1,202 (544) 1,214 (466) Customer relationships 29,775 (8,967) 29,982 (7,411) 39,424 (11,242) 39,188 (9,368) Indefinite-lived: Trademarks and other 8,641 — 8,696 — Total $ 48,065 $ (11,242) $ 47,884 $ (9,368)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following is the expected amortization of total intangible assets for 2023 through 2027: (dollars in millions) 2023 2024 2025 2026 2027 Amortization expense $2,082 $2,203 $2,086 $2,002 $1,882
Raytheon Company [Member]
Business Acquisition [Line Items]
Schedule of consideration transferred	Total consideration is calculated as follows: (dollars in millions) Amount Fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards $ 33,067 Fair value attributable to pre-merger service for replacement equity awards 99 Total merger consideration $ 33,166 The fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards is calculated as follows: (dollars and shares in millions, except per share amounts and exchange ratio) Amount Number of Raytheon Company common shares outstanding as of April 3, 2020 277.3 Number of Raytheon Company stock awards vested as a result of the Raytheon merger (1) 0.4 Total outstanding shares of Raytheon Company common stock and equity awards entitled to merger consideration 277.7 Exchange ratio (2) 2.3348 Shares of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards 648.4 Price per share of RTC common stock (3) $ 51.00 Fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards $ 33,067 (1) Represents Raytheon Company stock awards that vested as a result of the Raytheon merger, which is considered a “change in control” for purposes of the Raytheon 2010 Stock Plan. Certain Raytheon Company restricted stock awards and Raytheon Company restricted stock unit (RSU) awards, issued under the Raytheon 2010 Stock Plan vested on an accelerated basis as a result of the Raytheon merger. Such vested awards were converted into the right to receive RTC common stock determined as the product of (1) the number of vested awards, and (2) the exchange ratio. (2) The exchange ratio is equal to 2.3348 shares of UTC common stock for each share of Raytheon Company common stock in accordance with the Raytheon merger agreement. (3) The price per share of RTC common stock is based on the RTC opening stock price as of April 3, 2020.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The final purchase price allocation, net of cash acquired, for the acquisition was as follows: (dollars in millions) Cash and cash equivalents $ 3,208 Accounts receivable 1,997 Contract assets 6,023 Inventory 705 Other assets, current 940 Fixed assets 4,745 Operating lease right-of-use assets 950 Intangible assets 19,130 Other assets 1,218 Total identifiable assets acquired 38,916 Accounts payable 1,477 Accrued employee compensation 1,492 Other accrued liabilities 1,921 Contract liabilities 3,002 Long-term debt, including current portion 4,700 Operating lease liabilities, non-current 738 Future pension and postretirement benefit obligations 11,607 Other long-term liabilities 2,368 Total liabilities acquired 27,305 Total identifiable net assets 11,611 Goodwill 21,589 Redeemable noncontrolling interest (34) Total consideration transferred $ 33,166
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	The intangible assets included above consist of the following: (dollars in millions) Fair Value Useful Life Acquired customer relationships $ 12,900 25 years Acquired tradenames 5,430 Indefinite Acquired developed technology 800 5 to 7 years Total identifiable intangible assets $ 19,130
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments	The results below reflect Raytheon Technologies on a continuing operations basis, in order to more accurately represent the structure of Raytheon Technologies after completion of the Separation Transactions, the Distributions and the Raytheon merger. (dollars in millions, except per share amounts) 2020 Net sales $ 64,087 Loss from continuing operations attributable to common shareowners (2,167) Basic loss per share of common stock from continuing operations $ (1.43) Diluted loss per share of common stock from continuing operations (1.43) The unaudited supplemental pro-forma data above includes the following significant adjustments made to account for certain costs which would have been incurred if the acquisition had been completed on January 1, 2019, as adjusted for the applicable tax impact. As the merger was completed on April 3, 2020, the pro-forma adjustments in the table below only include the required adjustments through April 3, 2020. (dollars in millions) 2020 Amortization of acquired Raytheon Company intangible assets, net (1) $ (270) Amortization of fixed asset fair value adjustment (2) (9) Utilization of contractual customer obligation (3) 8 Deferred revenue fair value adjustment (4) (4) Adjustment to non-service pension (income) expense (5) 239 RTC/Raytheon fees for advisory, legal, accounting services (6) 134 Adjustment to interest expense related to the Raytheon merger, net (7) 9 Elimination of deferred commission amortization (8) 5 $ 112 (1) Reflects the additional amortization of the acquired Raytheon Company’s intangible assets recognized at fair value in purchase accounting and eliminates the historical Raytheon Company intangible asset amortization expense. (2) Reflects the amortization of the fixed asset fair value adjustment as of the acquisition date. (3) Reflects the additional amortization of liabilities recognized for certain acquired loss making contracts as of the acquisition date. (4) Reflects the difference between prepayments related to extended arrangements and the fair value of the assumed performance obligations as they are satisfied. (5) Represents the elimination of unamortized prior service costs and actuarial losses, as a result of fair value purchase accounting. (6) Reflects the elimination of transaction-related fees incurred by RTC and Raytheon Company in connection with the Raytheon merger and assumes all of the fees were incurred during the first quarter of 2019. (7) Reflects the amortization of the fair market value adjustment related to Raytheon Company. (8) Reflects the elimination of amortization recognized on deferred commissions that are eliminated in purchase accounting.

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of income (loss) from discontinued operations	Carrier and Otis are presented as discontinued operations and, as such, have been excluded from both continuing operations and segment results for all periods presented. Loss from discontinued operations is as follows: (dollars in millions) 2022 2021 2020 Otis $ — $ — $ 187 Carrier — — 196 Separation related and other discontinued operations transactions (19) (33) (793) Loss from discontinued operations attributable to common shareowners $ (19) $ (33) $ (410) The following summarized financial information related to discontinued operations has been reclassified from Income from continuing operations and included in Income (loss) from discontinued operations: (dollars in millions) 2022 2021 2020 Otis Products sales $ — $ — $ 1,123 Services sales — — 1,843 Cost of sales - products — — 913 Cost of sales - services — — 1,157 Research and development — — 38 Selling, general and administrative expense — — 450 Other income (expense), net — — (65) Non-operating expense (income), net — — 3 Income from discontinued operations, before income taxes — — 340 Income tax expense — — 116 Income from discontinued operations — — 224 Less: Noncontrolling interest in subsidiaries earnings from discontinued operations — — 37 Income from discontinued operations attributable to common shareowners $ — $ — $ 187 Carrier Products sales $ — $ — $ 3,143 Services sales — — 741 Cost of sales - products — — 2,239 Cost of sales - services — — 527 Research and development — — 98 Selling, general and administrative expense — — 669 Other income (expense), net — — (30) Non-operating expense (income), net — — 17 Income from discontinued operations, before income taxes — — 304 Income tax expense — — 102 Income from discontinued operations — — 202 Less: Noncontrolling interest in subsidiaries earnings from discontinued operations — — 6 Income from discontinued operations attributable to common shareowners $ — $ — $ 196 Separation related and other discontinued operations transactions (1) Selling, general and administrative expense $ — $ 10 $ 151 Other income (expense), net (30) — (709) Loss from discontinued operations, before income taxes (30) (10) (860) Income tax (benefit) expense (11) 23 (67) Loss from discontinued operations, net of tax (19) (33) (793) Total loss from discontinued operations attributable to common shareowners $ (19) $ (33) $ (410) (1) Primarily reflects unallocable transaction costs incurred by the Company primarily related to professional services costs pertaining to the Separation Transactions and the establishment of Carrier and Otis as stand-alone public companies, facility relocation costs, costs to separate information systems, costs of retention bonuses and tax charges and benefits related to separation activities. In addition, 2020 includes debt extinguishment costs related to the Company’s paydown of debt to not exceed the maximum applicable net indebtedness under the Raytheon merger agreement.
Schedule of cash flows from discontinued operations	Selected financial information related to cash flows from discontinued operations is as follows: (dollars in millions) 2022 2021 2020 Net cash flows used in operating activities from discontinued operations $ — $ (71) $ (728) Net cash flows used in investing activities from discontinued operations — — (241) Net cash flows provided by (used in) financing activities from discontinued operations — 71 (1,414)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	(dollars in millions, except per share amounts; shares in millions) 2022 2021 2020 Net income (loss) attributable to common shareowners: Income (loss) from continuing operations $ 5,216 $ 3,897 $ (3,109) Loss from discontinued operations (19) (33) (410) Net income (loss) attributable to common shareowners $ 5,197 $ 3,864 $ (3,519) Basic weighted average number of shares outstanding 1,475.5 1,501.6 1,357.8 Stock awards and equity units (share equivalent) 10.4 6.9 — Diluted weighted average number of shares outstanding 1,485.9 1,508.5 1,357.8 Earnings (Loss) per share attributable to common shareowners - basic Income (loss) from continuing operations $ 3.54 $ 2.60 $ (2.29) Loss from discontinued operations (0.02) (0.03) (0.30) Net income (loss) attributable to common shareowners $ 3.52 $ 2.57 $ (2.59) Earnings (Loss) per share attributable to common shareowners - diluted Income (loss) from continuing operations $ 3.51 $ 2.58 $ (2.29) Loss from discontinued operations (0.01) (0.02) (0.30) Net income (loss) attributable to common shareowners $ 3.50 $ 2.56 $ (2.59)

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Accounts receivable, net consisted of the following: (dollars in millions) 2022 2021 U.S. government contracts (including foreign military sales) $ 1,371 $ 1,204 Other customers 8,189 8,932 Allowance for expected credit losses (452) (475) Total accounts receivable, net $ 9,108 $ 9,661
Accounts Receivable, Allowance for Credit Loss	The changes in the allowance for expected credit losses related to Accounts receivable were as follows: (dollars in millions) 2022 2021 Balance as of January 1 $ 475 $ 546 Current period provision for expected credit losses, net of recoveries 26 (47) Write-offs charged against the allowance for expected credit losses (42) (18) Other, net (7) (6) Balance as of December 31 $ 452 $ 475

Contract Asset & Liability (Tab

Contract Asset & Liability (Tables)	12 Months Ended
	Dec. 31, 2022
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]
Contract with Customer, Asset and Liability	Total contract assets and contract liabilities as of December 31, 2022 and 2021 are as follows: (dollars in millions) 2022 2021 Contract assets $ 11,534 $ 11,361 Contract liabilities (14,598) (13,720) Net contract liabilities $ (3,064) $ (2,359)
Costs in Excess of Billings and Billings in Excess of Costs	Contract assets consisted of the following at December 31: (dollars in millions) 2022 2021 Unbilled $ 23,909 $ 23,652 Progress payments (12,375) (12,291) Total contract assets $ 11,534 $ 11,361

Inventory, Net (Tables)

Inventory, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventory Table	(dollars in millions) 2022 2021 Raw materials $ 3,477 $ 3,024 Work-in-process 3,839 3,085 Finished goods 3,301 3,069 Total inventory, net $ 10,617 $ 9,178

Commercial Aerospace Industry_2

Commercial Aerospace Industry Assets and Commitments (Tables)	12 Months Ended
	Dec. 31, 2022
Other Commitments [Abstract]
Schedule of Commercial Aerospace Industry Assets and Commitments	The following summarizes certain significant assets and off-balance sheet exposures specifically related to our commercial aerospace customers as of December 31: (dollars in millions) 2022 2021 Assets related to commercial aerospace industry customers: Accounts receivable, net (Note 5) $ 6,653 $ 7,235 Contract assets (Note 6) 4,274 3,264 Customer financing assets (1) (Note 1) 2,700 2,945 Contract fulfillment costs (Note 1) 1,962 1,711 Guarantees and commitments related to commercial aerospace industry customers: Commercial aerospace guarantees (net of reserves and collaboration partners’ share) (Note 17) 164 165 Commercial aerospace commitments (net of collaboration partners’ share) (Note 18) 9,364 9,659 (1) Customer financing assets is inclusive of both the current and long term balances.

Fixed Assets (Tables)

Fixed Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Fixed Assets, Net	(dollars in millions) Estimated 2022 2021 Land $ 744 $ 765 Buildings and improvements 10-45 years 7,519 7,271 Machinery, tools and equipment 3-20 years 17,479 16,729 Other, including assets under construction 3,374 2,872 Fixed assets, gross 29,116 27,637 Accumulated depreciation (13,946) (12,665) Fixed assets, net $ 15,170 $ 14,972

Borrowings and Lines of Credit

Borrowings and Lines of Credit (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Issuances of Long-Term Debt	We had the following issuances of long-term debt during 2021: Issuance Date Description of Notes Aggregate Principal Balance (in millions) November 16, 2021 2.375% notes due 2032 (1) $ 1,000 3.030% notes due 2052 (1) 1,100 August 10, 2021 1.900% notes due 2031 (2) 1,000 2.820% notes due 2051 (2) 1,000 (1) The net proceeds received from these debt issuances were used to fund the purchase of the Tender Offer Notes. (2) The net proceeds received from these debt issuances, along with cash on hand, were used to fund the repayment of our 2.800% and 2.500% notes due in 2022.
Schedule of Repayments of Long-Term Debt	We made the following repayments of long-term debt during 2021: Repayment Date Description of Notes Aggregate Principal Balance (in millions) November 17, 2021 5.700% notes due 2040 (1) $ 447 6.125% notes due 2038 (1) 425 6.050% notes due 2036 (1) 190 5.400% notes due 2035 (1) 154 7.500% notes due 2029 (1) 136 6.700% notes due 2028 (1) 115 6.800% notes due 2036 (1) 17 7.000% notes due 2038 (1) 11 7.100% notes due 2027 (1) 6 November 15, 2021 3.100% notes due 2021 250 August 26, 2021 2.800% notes due 2022 (1) 1,100 2.500% notes due 2022 (1) 1,100 March 1, 2021 8.750% notes due 2021 250 (1) In connection with the early repayment of outstanding principal, we recorded debt extinguishment costs of $649 million in 2021.
Schedule of Long-term Debt Instruments	Long-term debt consisted of the following as of December 31: (dollars in millions) 2022 2021 3.650% notes due 2023 (1) $ 171 $ 171 3.700% notes due 2023 (1) 400 400 3.200% notes due 2024 (1) 950 950 3.150% notes due 2024 (1) 300 300 3.950% notes due 2025 (1) 1,500 1,500 2.650% notes due 2026 (1) 719 719 3.125% notes due 2027 (1) 1,100 1,100 3.500% notes due 2027 (1) 1,300 1,300 7.200% notes due 2027 (1) 382 382 7.100% notes due 2027 135 135 6.700% notes due 2028 285 285 7.000% notes due 2028 (1) 185 185 4.125% notes due 2028 (1) 3,000 3,000 7.500% notes due 2029 (1) 414 414 2.150% notes due 2030 (€500 million principal value) (1) 531 565 2.250% notes due 2030 (1) 1,000 1,000 1.900% notes due 2031 (1) 1,000 1,000 2.375% notes due 2032 (1) 1,000 1,000 5.400% notes due 2035 (1) 446 446 6.050% notes due 2036 (1) 410 410 6.800% notes due 2036 (1) 117 117 7.000% notes due 2038 148 148 6.125% notes due 2038 (1) 575 575 4.450% notes due 2038 (1) 750 750 5.700% notes due 2040 (1) 553 553 4.875% notes due 2040 (1) 600 600 4.700% notes due 2041 (1) 425 425 4.500% notes due 2042 (1) 3,500 3,500 4.800% notes due 2043 (1) 400 400 4.200% notes due 2044 (1) 300 300 4.150% notes due 2045 (1) 850 850 3.750% notes due 2046 (1) 1,100 1,100 4.050% notes due 2047 (1) 600 600 4.350% notes due 2047 (1) 1,000 1,000 4.625% notes due 2048 (1) 1,750 1,750 3.125% notes due 2050 (1) 1,000 1,000 2.820% notes due 2051 (1) 1,000 1,000 3.030% notes due 2052 (1) 1,100 1,100 Other (including finance leases) 253 270 Total principal long-term debt 31,249 31,300 Other (fair market value adjustments, (discounts)/premiums and debt issuance costs) 40 51 Total long-term debt 31,289 31,351 Less: current portion 595 24 Long-term debt, net of current portion $ 30,694 $ 31,327 (1) We may redeem these notes, in whole or in part, at our option pursuant to their terms prior to the applicable maturity date.
Schedule of Principal Payments on Long-term Debt	The schedule of principal payments required on long-term debt for the next five years and thereafter is: (in millions) 2023 $ 588 2024 1,270 2025 1,590 2026 751 2027 2,935 Thereafter 24,115 Total $ 31,249

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Pension and PRB Contributions	We made the following contributions to our pension and PRB plans’ trusts during the years ended December 31: (dollars in millions) 2022 2021 2020 U.S. qualified defined benefit plans $ — $ — $ 885 International defined benefit plans 69 42 125 PRB plans 25 17 15
Schedule of Defined Benefit Plans Disclosures	Pension PRB (dollars in millions) 2022 2021 2022 2021 Change in Benefit Obligation: Beginning balance $ 67,214 $ 71,257 $ 1,370 $ 1,535 Service cost attributable to continuing operations 470 523 6 7 Interest cost 1,520 1,249 29 24 Actuarial gain (15,466) (1,643) (294) (73) Total benefits paid (1) (4,328) (4,098) (166) (165) Net settlement, curtailment and special termination benefits 3 (89) (8) (11) Plan amendments 131 59 — — Business combinations and divestitures — 48 — — Other (2) (516) (92) 47 53 Ending balance $ 49,028 $ 67,214 $ 984 $ 1,370 Change in Plan Assets: Beginning balance $ 63,323 $ 62,318 $ 389 $ 381 Actual return on plan assets (10,841) 4,983 (63) 36 Employer contributions (1) 306 289 98 95 Total benefits paid (1) (4,328) (4,098) (166) (165) Settlements (4) (85) (8) (11) Other (2) (496) (84) 52 53 Ending balance $ 47,960 $ 63,323 $ 302 $ 389 Funded Status: Fair value of plan assets $ 47,960 $ 63,323 $ 302 $ 389 Benefit obligations (49,028) (67,214) (984) (1,370) Funded status of plan $ (1,068) $ (3,891) $ (682) $ (981) Amounts Recognized in the Consolidated Balance Sheet Consist of: Noncurrent assets $ 3,301 $ 3,214 $ — $ — Current liability (236) (232) (71) (78) Noncurrent liability (4,133) (6,873) (611) (903) Net amount recognized $ (1,068) $ (3,891) $ (682) $ (981) Amounts Recognized in Accumulated Other Comprehensive Loss Consist of: Net actuarial (gain) loss $ 2,950 $ 4,402 $ (394) $ (199) Prior service credit (1,424) (1,715) (4) (6) Net amount recognized $ 1,526 $ 2,687 $ (398) $ (205) (1) Includes benefit payments paid directly by the company. (2) The amount included in Other primarily reflects the impact of foreign exchange translation, primarily for plans in the United Kingdom (U.K.) and Canada, and participant contributions.
Schedule of Expected Benefit Payments	The table below reflects the total benefit payments expected to be paid from the plans or from corporate assets. (dollars in millions) Pension PRB 2023 $ 4,418 $ 107 2024 3,796 100 2025 3,780 94 2026 3,734 89 2027 3,671 84 2028-2032 17,654 357
Marketable Securities	The fair value of marketable securities held in trusts as of December 31 was as follows: (dollars in millions) 2022 2021 Marketable securities held in trusts $ 774 $ 965
Pension Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets	Information for pension plans with accumulated benefit obligations in excess of plan assets: (dollars in millions) 2022 2021 Projected benefit obligation $ 22,116 $ 28,960 Accumulated benefit obligation 22,080 28,494 Fair value of plan assets 17,747 22,002
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets	Information for pension plans with projected benefit obligations in excess of plan assets: (dollars in millions) 2022 2021 Projected benefit obligation $ 22,116 $ 31,471 Accumulated benefit obligation 22,080 30,745 Fair value of plan assets 17,747 24,366
Schedule of Net Benefit Costs	The components of the net periodic pension (income) expense are as follows: (dollars in millions) 2022 2021 2020 Operating expense Service cost $ 470 $ 523 $ 483 Non-operating expense Interest cost 1,520 1,249 1,650 Expected return on plan assets (3,544) (3,476) (2,995) Amortization of prior service cost (credit) (163) (168) 51 Recognized actuarial net loss 305 435 337 Net settlement, curtailment and special termination benefits loss 2 22 45 Non-service pension income (1,880) (1,938) (912) Total net periodic pension benefit (income) expense $ (1,410) $ (1,415) $ (429)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	Other changes in pension plan assets and benefit obligations recognized in other comprehensive loss in 2022 and 2021 are as follows: (dollars in millions) 2022 2021 Net actuarial gain arising during the period $ (1,082) $ (3,158) Amortization of actuarial loss (305) (435) Current year prior service cost 131 59 Amortization of prior service credit 163 168 Net settlement and curtailment 1 (17) Other (1) (69) (6) Total recognized in other comprehensive (income) loss (1,161) (3,389) Net recognized in net periodic benefit (income) cost and other comprehensive (income) loss $ (2,571) $ (4,804) (1) The amount included in Other primarily reflects the impact of foreign exchange translation, primarily for plans in the U.K. and Canada.
Defined Benefit Plan, Assumptions	Major assumptions used in determining the pension benefit obligation and net periodic pension benefit (income) expense are presented in the following table as weighted-averages: Benefit Obligation Net Periodic Benefit (Income) Expense 2022 2021 2022 2021 2020 Discount rate PBO 5.5 % 2.8 % 2.8 % 2.5 % 3.2 % Interest cost (1) N/A N/A 2.3 % 1.8 % 2.8 % Service cost (1) N/A N/A 3.1 % 2.8 % 3.5 % Salary scale 4.4 % 4.4 % 4.4 % 4.4 % 4.3 % Expected return on plan assets N/A N/A 6.5 % 6.5 % 6.5 % Interest crediting rate 4.5 % 4.0 % 4.0 % 3.8 % 3.8 %
Schedule of Allocation of Plan Assets	The fair values of pension plan assets at December 31, 2022 and 2021 by asset category are as follows: (dollars in millions) Quoted Prices in Active Markets For Identical Assets Significant Observable Inputs Significant Unobservable Inputs Not Subject to Leveling (8) Total Asset Category: Public Equities Global Equities $ 6,194 $ 5 $ — $ — $ 6,199 Global Equity Commingled Funds (1) 20 568 — — 588 Enhanced Global Equities (2) (53) 75 — — 22 Other Public Equities — — — 5,771 5,771 Private Equities (3) — — — 4,068 4,068 Fixed Income Securities Governments 2,526 1,426 — — 3,952 Corporate Bonds 1 12,638 — — 12,639 Structured Products — 57 — — 57 Other Fixed Income — — — 6,975 6,975 Real Estate (4) — — 1,650 1,761 3,411 Other (5) — 84 — 3,071 3,155 Cash & Cash Equivalents (6) — 150 — 164 314 Subtotal $ 8,688 $ 15,003 $ 1,650 $ 21,810 $ 47,151 Other Assets & Liabilities (7) 809 Total at December 31, 2022 $ 47,960 Public Equities Global Equities $ 9,411 $ 6 $ — $ — $ 9,417 Global Equity Commingled Funds (1) 3 929 — — 932 Enhanced Global Equities (2) 46 163 — — 209 Other Public Equities — — — 8,495 8,495 Private Equities (3) — — — 4,490 4,490 Fixed Income Securities Governments 1,933 1,172 — — 3,105 Corporate Bonds 1 18,681 — — 18,682 Structured Products — 25 — — 25 Other Fixed Income — — — 7,367 7,367 Real Estate (4) — — 1,885 1,743 3,628 Other (5) — 91 — 5,351 5,442 Cash & Cash Equivalents (6) — 111 — 220 331 Subtotal $ 11,394 $ 21,178 $ 1,885 $ 27,666 $ 62,123 Other Assets & Liabilities (7) 1,200 Total at December 31, 2021 $ 63,323 (1) Represents commingled funds that invest primarily in common stocks. (2) Represents enhanced equity separate account and commingled fund portfolios. A portion of the portfolio may include long-short market neutral and relative value strategies that invest in publicly traded, equity and fixed income securities, as well as derivatives of equity and fixed income securities and foreign currency. (3) Represents limited partnership investments with general partners that primarily invest in equity and debt. (4) Represents investments in real estate including commingled funds and directly held properties. (5) Represents global balanced risk commingled funds that invest in multiple asset classes including equity, fixed income and some commodities. “Other” also includes insurance contracts. (6) Represents short-term commercial paper, bonds and other cash or cash-like instruments. (7) Represents receivables, payables and certain individually immaterial international plan assets that are not leveled. (8) In accordance with ASU 2015-07, Fair Value Measurement (Topic 820) , certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented for the total pension benefits plan assets.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets	The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed due to the following: (dollars in millions) Corporate Bonds Real Estate Total Balance, December 31, 2020 $ 2 $ 1,647 $ 1,649 Realized gains — 212 212 Unrealized gains relating to instruments still held in the reporting period — 50 50 Purchases, sales, and settlements, net — (24) (24) Transfers in/out, net (2) — (2) Balance, December 31, 2021 — 1,885 1,885 Realized gains — 76 76 Unrealized gains relating to instruments still held in the reporting period — 64 64 Purchases, sales, and settlements, net — (211) (211) Transfers in/out, net — (164) (164) Balance, December 31, 2022 $ — $ 1,650 $ 1,650
Other Postretirement Benefits Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Benefit Costs	The components of the net periodic PRB (income) expense are as follows: (dollars in millions) 2022 2021 2020 Operating expense Service cost $ 6 $ 7 $ 6 Non-operating expense Interest cost 29 24 37 Expected return on plan assets (22) (21) (13) Amortization of prior service credit (2) (3) (3) Recognized actuarial net gain (11) (6) (12) Net settlement, curtailment and special termination benefits (gain) loss (3) — 1 Non-service pension (income) expense (9) (6) 10 Total net periodic PRB benefit (income) expense $ (3) $ 1 $ 16
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	Other changes in PRB assets and benefit obligations recognized in other comprehensive loss in 2022 and 2021 are as follows: (dollars in millions) 2022 2021 Net actuarial gain arising during the period $ (209) $ (88) Amortization of actuarial gain 11 6 Amortization of prior service credit 2 3 Net settlement and curtailment 3 — Total recognized in other comprehensive (income) loss (193) (79) Net recognized in net periodic benefit (income) cost and other comprehensive loss $ (196) $ (78)
Defined Benefit Plan, Assumptions	Major assumptions used in determining the PRB benefit obligation and net periodic PRB (income) expense are presented in the following table as weighted-averages: Benefit Obligation Net Periodic Benefit (Income) Expense 2022 2021 2022 2021 2020 Discount rate 5.5 % 2.8 % 2.8 % 2.4 % 3.1 % Expected return on assets N/A N/A 5.7 % 5.7 % 5.7 % Assumed health care cost trend rates used in determining the PRB benefit obligation and net periodic PRB (income) expense are as follows: 2022 2021 Health care cost trend rate assumed for next year 5.0 % 4.7 % Ultimate health care cost trend rate 4.2 % 4.2 % Year that the rate reaches the ultimate health care cost trend rate 2029 2026

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Supplemental operating lease cash flow information	Supplemental cash flow information related to operating leases were as follows: (dollars in millions) 2022 2021 2020 Operating cash flows used in the measurement of operating lease liabilities $ 399 $ 490 $ 420 Operating lease right-of-use assets obtained in exchange for operating lease obligations 359 535 299
Lessee, Operating Lease, Liability, Maturity	Future lease payments related to our operating lease liabilities as of December 31, 2022 are as follows: (dollars in millions) 2023 $ 340 2024 301 2025 265 2026 236 2027 195 Thereafter 735 Total undiscounted lease payments 2,072 Less imputed interest (130) Total discounted lease payments $ 1,942
Operating lease payments recognized in statement of financial position	Our lease liabilities recognized in our Consolidated Balance Sheet were as follows as of December 31: (dollars in millions) 2022 2021 Operating lease liabilities, current (included in Other accrued liabilities) $ 356 $ 411 Operating lease liabilities, noncurrent 1,586 1,657 Total operating lease liabilities $ 1,942 $ 2,068

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax Domestic and Foreign	The sources of income (loss) from continuing operations before income taxes are: (dollars in millions) 2022 2021 2020 United States $ 4,061 $ 3,498 $ (2,762) Foreign 1,966 1,433 409 Income (loss) from continuing operations before income taxes $ 6,027 $ 4,931 $ (2,353)
Schedule of Components of Income Tax Expense (Benefit)	The income tax expense (benefit) for the years ended December 31 are as follows: (dollars in millions) 2022 2021 2020 Current: United States: Federal $ 1,724 $ 387 $ 324 State 126 60 45 Foreign 513 427 305 2,363 874 674 Future: United States: Federal (1,399) (26) (264) State (166) 41 258 Foreign (98) (103) (93) (1,663) (88) (99) Income tax expense $ 700 $ 786 $ 575
Schedule of Effective Income Tax Rate Reconciliation	Differences between effective income tax rates and the statutory U.S. federal income tax rate are as follows: 2022 2021 2020 (dollars in millions) Amount Rate Amount Rate Amount Rate Statutory U.S. federal income tax rate $ 1,266 21.0 % $ 1,036 21.0 % $ (494) 21.0 % Tax on international activities (186) (3.1) (204) (4.1) 27 (1.1) Tax charges related to Separation Transactions and Raytheon merger — — (39) (0.8) 416 (17.7) Disposals of businesses — — 108 2.2 177 (7.5) U.S. research and development credit (164) (2.7) (172) (3.5) (142) 6.1 Goodwill impairment — — — — 668 (28.4) State income tax, net (12) (0.2) 33 0.7 (56) 2.4 Foreign Derived Intangible Income (214) (3.5) (121) (2.5) (83) 3.5 U.K. corporate tax rate enactment — — 73 1.5 8 (0.4) Other 10 0.1 72 1.4 54 (2.3) Effective income tax rate $ 700 11.6 % $ 786 15.9 % $ 575 (24.4) %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences and tax carryforwards which gave rise to future income tax benefits and payables at December 31, 2022 and 2021 are as follows: (dollars in millions) 2022 2021 Future income tax benefits: Insurance and employee benefits $ 1,126 $ 1,831 Inventory and contract balances 639 756 Warranty provisions 242 248 Capitalization of research and experimental expenditures 1,712 — Other basis differences 828 878 Tax loss carryforwards 305 251 Tax credit carryforwards 970 1,088 Valuation allowances (842) (825) Total future income tax benefits $ 4,980 $ 4,227 Future income taxes payable: Goodwill and intangible assets $ 6,588 $ 7,168 Fixed assets 1,751 1,746 Other basis differences 220 323 Total future income tax payable $ 8,559 $ 9,237
Summary Of Tax Credit Carryforwards	At December 31, 2022, tax credit carryforwards, principally state and foreign, and tax loss carryforwards, principally state and foreign, were as follows: (dollars in millions) Tax Credit Tax Loss Expiration period: 2023-2027 $ 54 $ 292 2028-2032 73 174 2033-2042 337 318 Indefinite 506 1,357 Total $ 970 $ 2,141
Summary Of Income Tax Contingencies	A reconciliation of the beginning and ending amounts of unrecognized tax benefits and interest expense related to unrecognized tax benefits for the years ended December 31, 2022, 2021 and 2020 is as follows: (dollars in millions) 2022 2021 2020 Balance at January 1 $ 1,458 $ 1,225 $ 1,347 Additions for tax positions related to the current year 106 110 125 Additions for tax positions of prior years 23 282 323 Reductions for tax positions of prior years (56) (49) (83) Settlements (16) (110) (48) Separation of Carrier and Otis — — (439) Balance at December 31 $ 1,515 $ 1,458 $ 1,225 Gross interest expense related to unrecognized tax benefits $ 34 $ 39 $ 50 Total accrued interest balance at December 31 190 165 141

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table summarizes the fair value and presentation in the Consolidated Balance Sheet for derivative instruments as of December 31: (dollars in millions) Balance Sheet Location 2022 2021 Derivatives designated as hedging instruments: Foreign exchange contracts Other assets, current $ 67 $ 59 Other accrued liabilities 347 202 Derivatives not designated as hedging instruments: Foreign exchange contracts Other assets, current $ 17 $ 11 Other accrued liabilities 39 11

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The following tables provide the valuation hierarchy classification of assets and liabilities that are carried at fair value and measured on a recurring basis in our Consolidated Balance Sheet: December 31, 2022 (dollars in millions) Total Level 1 Level 2 Level 3 Recurring fair value measurements: Marketable securities held in trusts $ 774 $ 713 $ 61 $ — Derivative assets 84 — 84 — Derivative liabilities 386 — 386 — December 31, 2021 (dollars in millions) Total Level 1 Level 2 Level 3 Recurring fair value measurements: Marketable securities held in trusts $ 965 $ 890 $ 75 $ — Derivative assets 70 — 70 — Derivative liabilities 213 — 213 —
Fair Value, by Balance Sheet Grouping	The following table provides carrying amounts and fair values of financial instruments that are not carried at fair value in our Consolidated Balance Sheet at December 31: 2022 2021 (dollars in millions) Carrying Amount Fair Value Carrying Amount Fair Value Customer financing notes receivables $ 169 $ 161 $ 195 $ 192 Long-term debt (excluding finance leases) 31,201 28,049 31,250 35,828 The following table provides the valuation hierarchy classification of assets and liabilities that are not carried at fair value in our Consolidated Balance Sheet at December 31: December 31, 2022 (dollars in millions) Total Level 1 Level 2 Level 3 Customer financing notes receivables $ 161 $ — $ 161 $ — Long-term debt (excluding finance leases) 28,049 — 28,003 46 December 31, 2021 (dollars in millions) Total Level 1 Level 2 Level 3 Customer financing notes receivables $ 192 $ — $ 192 $ — Long-term debt (excluding finance leases) 35,828 — 35,778 50

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of Variable Interest Entities [Abstract]
Schedule of Variable Interest Entities	The carrying amounts and classification of assets and liabilities for variable interest entities in our Consolidated Balance Sheet as of December 31, 2022 and 2021 are as follows: (dollars in millions) 2022 2021 Current assets $ 7,609 $ 7,081 Noncurrent assets 779 825 Total assets $ 8,388 $ 7,906 Current liabilities $ 9,154 $ 7,965 Noncurrent liabilities 19 54 Total liabilities $ 9,173 $ 8,019

Guarantees (Tables)

Guarantees (Tables)	12 Months Ended
	Dec. 31, 2022
Guarantees [Abstract]
Schedule of Guarantor Obligations	As of December 31, 2022 and 2021, the following financial guarantees were outstanding: December 31, 2022 December 31, 2021 (dollars in millions) Maximum Potential Payment Carrying Amount of Liability Maximum Potential Payment Carrying Amount of Liability Commercial aerospace financing arrangements $ 304 $ — $ 309 $ 3 Third party guarantees 335 1 511 5
Product Warranty Disclosure	The changes in the carrying amount of service and product warranties and product performance guarantees for the years ended December 31 were as follows: (dollars in millions) 2022 2021 2020 Balance as of January 1 $ 1,157 $ 1,057 $ 1,033 Warranties and performance guarantees issued 264 380 311 Settlements (284) (272) (292) Other (28) (8) 5 Balance as of December 31 $ 1,109 $ 1,157 $ 1,057

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Expected Maturity of Commercial Aerospace Industry Commitments	The following is the expected maturity of our commercial aerospace industry commitments as of December 31, 2022: (dollars in millions) Committed 2023 2024 2025 2026 2027 Thereafter Commercial aerospace financing commitments $ 4,559 $ 1,559 $ 1,405 $ 980 $ 556 $ 59 $ — Other commercial aerospace commitments 10,710 1,147 883 794 695 717 6,474 Collaboration partners’ share (5,905) (915) (863) (714) (535) (331) (2,547) Total commercial aerospace commitments $ 9,364 $ 1,791 $ 1,425 $ 1,060 $ 716 $ 445 $ 3,927

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	A summary of the changes in each component of Accumulated other comprehensive (loss) income, net of tax is provided below: (dollars in millions) Foreign Currency Translation Defined Benefit Pension and Postretirement Plans Unrealized Hedging (Losses) Gains Accumulated Other Comprehensive (Loss) Income Balance at December 31, 2019 $ (3,211) $ (6,772) $ (166) $ (10,149) Other comprehensive income (loss) before reclassifications, net 609 1,842 181 2,632 Amounts reclassified, pre-tax — 373 82 455 Tax benefit (expense) 25 (510) (62) (547) Separation of Carrier and Otis, net of tax 3,287 584 4 3,875 Balance at December 31, 2020 $ 710 $ (4,483) $ 39 $ (3,734) Other comprehensive income before reclassifications, net (647) 3,210 (226) 2,337 Amounts reclassified, pre-tax — 258 (28) 230 Tax benefit (expense) (14) (813) 79 (748) Balance at December 31, 2021 $ 49 $ (1,828) $ (136) $ (1,915) Other comprehensive income (loss) before reclassifications, net (1,050) 1,225 (246) (71) Amounts reclassified, pre-tax 2 129 103 234 Tax benefit (expense) (6) (308) 48 (266) Balance at December 31, 2022 $ (1,005) $ (782) $ (231) $ (2,018)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based compensation expense	We measure the cost of all share-based payments, including stock options and stock appreciation rights, at fair value on the grant date and recognize this cost in the Consolidated Statement of Operations, net of expected forfeitures, as follows: (dollars in millions) 2022 2021 2020 Total compensation cost recognized $ 420 $ 442 $ 330
Schedule of Stock Options Roll Forward	A summary of the transactions under our long-term incentive plans for the year ended December 31, 2022 follows. Stock Options Stock Appreciation Rights Performance Share Units Restricted Stock and RSUs (shares and units in thousands) Shares Average Price (1) Shares Average Price (1) Units Average Price (2) Units Average Price (1) Outstanding at: December 31, 2021 1,849 $ 78.36 33,061 $ 78.62 1,265 $ 73.75 11,443 $ 66.18 Granted 102 94.04 3,225 94.06 990 96.15 3,441 97.76 Exercised / earned (283) 70.20 (3,827) 70.53 (1) 80.53 (4,476) 62.03 Cancelled (11) 94.04 (427) 86.34 (104) 85.06 (651) 78.38 December 31, 2022 1,657 $ 80.67 32,032 $ 81.04 2,150 $ 83.52 9,757 $ 78.40 (1) Weighted-average exercise price. (2) Weighted-average grant date fair value.
Disclosure Of Share Based Compensation Arrangements By Share Based Payment Award Text Block	The following table summarizes information about equity awards outstanding that are vested and expected to vest as well as equity awards outstanding that are exercisable at December 31, 2022: Equity Awards Vested and Expected to Vest Equity Awards That Are Exercisable (shares in thousands; aggregate intrinsic value in millions) Awards Average Price (1) Aggregate Intrinsic Value Remaining Term (2) Awards Average Price (1) Aggregate Intrinsic Value Remaining Term (2) Stock Options 1,654 $ 80.61 $ 34 5.36 1,182 $ 77.13 $ 28 4.47 Stock Appreciation Rights 31,896 81.01 635 5.56 22,118 77.68 514 4.52 Performance Share Units 2,105 83.41 212 1.48 Restricted Stock and RSUs 9,417 78.02 950 1.54 (1) Weighted-average exercise price per share. (2) Weighted-average contractual remaining term in years.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	Lattice-based option models incorporate ranges of assumptions for inputs; those ranges are as follows: 2022 2021 2020 Expected volatility 27.9% 29.9% 18.8% Weighted-average volatility 28 % 30 % 19 % Expected term (in years) 6.5 6.5 6.5 Expected dividend yield 2.2 % 2.6 % 1.9 % Risk-free rate 0.02% - 2.1% 0.04% - 1.2% 1.4% - 1.6%

Segment Financial Data (Tables)

Segment Financial Data (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment information for the years ended December 31 are as follows: Net Sales Operating Profit (Loss) Operating Profit (Loss) Margins (dollars in millions) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Collins Aerospace $ 20,597 $ 18,449 $ 19,288 $ 2,343 $ 1,759 $ 1,466 11.4 % 9.5 % 7.6 % Pratt & Whitney 20,530 18,150 16,799 1,075 454 (564) 5.2 % 2.5 % (3.4) % Raytheon Intelligence & Space 14,312 15,180 11,069 1,342 1,833 1,020 9.4 % 12.1 % 9.2 % Raytheon Missiles & Defense 14,863 15,539 11,396 1,519 2,004 880 10.2 % 12.9 % 7.7 % Total segment 70,302 67,318 58,552 6,279 6,050 2,802 8.9 % 9.0 % 4.8 % Eliminations and other (1) (3,228) (2,930) (1,965) (174) (133) (107) Corporate expenses and other unallocated items (2) — — — (318) (552) (590) FAS/CAS operating adjustment — — — 1,520 1,796 1,106 Acquisition accounting adjustments (3) — — — (1,893) (2,203) (5,100) Consolidated $ 67,074 $ 64,388 $ 56,587 $ 5,414 $ 4,958 $ (1,889) 8.1 % 7.7 % (3.3) % (1) Includes the operating results of certain smaller non-reportable business segments. 2020 amounts include Forcepoint, LLC, which was acquired as part of the Raytheon merger, and subsequently disposed of on January 8, 2021. (2) Includes the net expenses related to the U.S. Army’s LTAMDS project. (3) Operating profit (loss) in 2020 includes the $3.2 billion goodwill impairment charge in the second quarter of 2020 related to two Collins reporting units. Refer to “Note 2: Business Acquisitions, Dispositions, Goodwill and Intangible Assets” for additional information. Total Assets Capital Expenditures Depreciation & Amortization (dollars in millions) 2022 2021 2022 2021 2020 2022 2021 2020 Collins Aerospace (1) $ 67,030 $ 67,564 $ 655 $ 665 $ 638 $ 742 $ 728 $ 736 Pratt & Whitney (1) 36,205 33,414 949 700 565 724 642 729 Raytheon Intelligence & Space (1) 21,174 21,545 320 305 218 209 187 154 Raytheon Missiles & Defense (1) 27,852 28,766 260 287 280 333 333 228 Total segment 152,261 151,289 2,184 1,957 1,701 2,008 1,890 1,847 Corporate, eliminations and other 6,603 10,115 104 177 94 99 152 155 Acquisition accounting adjustments 2,001 2,515 2,154 Consolidated $ 158,864 $ 161,404 $ 2,288 $ 2,134 $ 1,795 $ 4,108 $ 4,557 $ 4,156 (1) Total assets include acquired intangible assets and the property, plant and equipment fair value adjustment. Related amortization expense is included in Acquisition accounting adjustments.
Geographic External Sales by Origin and Long-Lived Assets	External Net Sales Long-Lived Assets (dollars in millions) 2022 2021 2020 2022 2021 United States $ 57,869 $ 55,837 $ 48,560 $ 12,162 $ 11,731 International Europe 3,874 3,630 3,696 1,132 1,255 Asia Pacific 1,778 1,748 1,574 801 854 Middle East and North Africa 173 136 103 113 129 Other 3,380 3,037 2,654 962 1,003 Consolidated $ 67,074 $ 64,388 $ 56,587 $ 15,170 $ 14,972
Disaggregation of Revenue	Segment sales disaggregated by geographic region for the years ended December 31 are as follows: 2022 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total United States $ 9,847 $ 10,433 $ 11,418 $ 9,482 $ 10 $ 41,190 Europe 5,374 4,211 418 1,108 — 11,111 Asia Pacific 2,021 3,775 747 1,514 — 8,057 Middle East and North Africa 474 450 231 2,444 — 3,599 Other 1,240 1,658 141 78 — 3,117 Consolidated net sales 18,956 20,527 12,955 14,626 10 67,074 Inter-segment sales 1,641 3 1,357 237 (3,238) — Business segment sales $ 20,597 $ 20,530 $ 14,312 $ 14,863 $ (3,228) $ 67,074 2021 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total United States $ 9,341 $ 9,034 $ 12,126 $ 9,495 $ 15 $ 40,011 Europe 4,421 3,488 434 1,255 — 9,598 Asia Pacific 1,851 3,885 771 1,462 — 7,969 Middle East and North Africa 462 441 469 3,007 — 4,379 Other 915 1,302 144 70 — 2,431 Consolidated net sales 16,990 18,150 13,944 15,289 15 64,388 Inter-segment sales 1,459 — 1,236 250 (2,945) — Business segment sales $ 18,449 $ 18,150 $ 15,180 $ 15,539 $ (2,930) $ 64,388 2020 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total United States $ 10,132 $ 8,534 $ 8,704 $ 6,906 $ 284 $ 34,560 Europe 4,643 2,726 307 1,031 149 8,856 Asia Pacific 1,810 4,024 637 1,132 41 7,644 Middle East and North Africa 421 505 410 2,077 30 3,443 Other 904 1,001 83 73 23 2,084 Consolidated net sales 17,910 16,790 10,141 11,219 527 56,587 Inter-segment sales 1,378 9 928 177 (2,492) — Business segment sales $ 19,288 $ 16,799 $ 11,069 $ 11,396 $ (1,965) $ 56,587 Segment sales disaggregated by type of customer for the years ended December 31 are as follows: 2022 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total U.S. government (1) $ 4,337 $ 5,272 $ 11,221 $ 9,477 $ 10 $ 30,317 Foreign military sales through the U.S. government 238 1,115 604 3,085 — 5,042 Foreign government direct commercial sales 978 474 827 2,048 — 4,327 Commercial aerospace and other commercial 13,403 13,666 303 16 — 27,388 Consolidated net sales 18,956 20,527 12,955 14,626 10 67,074 Inter-segment sales 1,641 3 1,357 237 (3,238) — Business segment sales $ 20,597 $ 20,530 $ 14,312 $ 14,863 $ (3,228) $ 67,074 (1) Excludes foreign military sales through the U.S. government. 2021 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total U.S. government (1) $ 4,685 $ 5,140 $ 11,844 $ 9,493 $ 15 $ 31,177 Foreign military sales through the U.S. government 168 1,273 825 3,280 — 5,546 Foreign government direct commercial sales 1,095 541 844 2,513 — 4,993 Commercial aerospace and other commercial 11,042 11,196 431 3 — 22,672 Consolidated net sales 16,990 18,150 13,944 15,289 15 64,388 Inter-segment sales 1,459 — 1,236 250 (2,945) — Business segment sales $ 18,449 $ 18,150 $ 15,180 $ 15,539 $ (2,930) $ 64,388 (1) Excludes foreign military sales through the U.S. government. 2020 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total U.S. government (1) $ 5,159 $ 5,193 $ 8,512 $ 6,896 $ 202 $ 25,962 Foreign military sales through the U.S. government 218 1,229 640 2,498 — 4,585 Foreign government direct commercial sales 923 583 740 1,725 3 3,974 Commercial aerospace and other commercial 11,610 9,785 249 100 322 22,066 Consolidated net sales 17,910 16,790 10,141 11,219 527 56,587 Inter-segment sales 1,378 9 928 177 (2,492) — Business segment sales $ 19,288 $ 16,799 $ 11,069 $ 11,396 $ (1,965) $ 56,587 (1) Excludes foreign military sales through the U.S. government. Sales to Airbus primarily relate to Pratt & Whitney and Collins products, and prior to discounts and incentives were approximately 14%, 12% and 13% of total net sales in 2022, 2021 and 2020, respectively. Segment sales disaggregated by sales type for the years ended December 31 are as follows: 2022 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total Products $ 14,857 $ 12,411 $ 10,261 $ 13,234 $ 10 $ 50,773 Services 4,099 8,116 2,694 1,392 — 16,301 Consolidated net sales 18,956 20,527 12,955 14,626 10 67,074 Inter-segment sales 1,641 3 1,357 237 (3,238) — Business segment sales $ 20,597 $ 20,530 $ 14,312 $ 14,863 $ (3,228) $ 67,074 2021 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total Products $ 13,404 $ 11,189 $ 10,735 $ 13,927 $ 15 $ 49,270 Services 3,586 6,961 3,209 1,362 — 15,118 Consolidated net sales 16,990 18,150 13,944 15,289 15 64,388 Inter-segment sales 1,459 — 1,236 250 (2,945) — Business segment sales $ 18,449 $ 18,150 $ 15,180 $ 15,539 $ (2,930) $ 64,388 2020 (dollars in millions) Collins Aerospace Pratt & Whitney Raytheon Intelligence & Space Raytheon Missiles & Defense Other Total Products $ 14,664 $ 10,186 $ 7,775 $ 10,232 $ 462 $ 43,319 Services 3,246 6,604 2,366 987 65 13,268 Consolidated net sales 17,910 16,790 10,141 11,219 527 56,587 Inter-segment sales 1,378 9 928 177 (2,492) — Business segment sales $ 19,288 $ 16,799 $ 11,069 $ 11,396 $ (1,965) $ 56,587 RIS and RMD segment sales disaggregated by contract type for the years ended December 31 are as follows: 2022 2021 2020 (dollars in millions) Raytheon Intelligence & Space Raytheon Missiles & Defense Raytheon Intelligence & Space Raytheon Missiles & Defense Raytheon Intelligence & Space Raytheon Missiles & Defense Fixed-price $ 5,357 $ 8,763 $ 6,338 $ 9,406 $ 4,526 $ 7,080 Cost-type 7,598 5,863 7,606 5,883 5,615 4,139 Consolidated net sales 12,955 14,626 13,944 15,289 10,141 11,219 Inter-segment sales 1,357 237 1,236 250 928 177 Business segment sales $ 14,312 $ 14,863 $ 15,180 $ 15,539 $ 11,069 $ 11,396

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Accounting Principles (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Jun. 30, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Basis of Presentation [Line Items]
Goodwill, Impairment Loss		$ 3,200	$ 0	$ 0	$ 3,183
Estimated credit losses					387
Asset Impairment Charges					111
Unbilled			23,909	23,652
Contractual Obligation			818	929
Contractual Obligation, Consumed in Current Year			111	314	295
Contractual Obligation, Due in Next Fiscal Year			104
Contractual Obligation, Due in Second Year			80
Contractual Obligation, Due in Third Year			68
Contractual Obligation, Due in Fourth Year			67
Contractual Obligation, Due in Fifth Year			65
Contractual Obligation, Due after Fifth Year			434
Capitalized Contract Cost, Net			$ 2,300	2,000
Collaborators interests existing programs low end			13%
Collaborators interests existing programs high end			49%
Partner share individual program maximum			25%
Revenue, Remaining Performance Obligation, Amount			$ 175,000
Revenue, Remaining Performance Obligations, to be recognized within 12 months			25%
Revenue, Remaining Performance Obligations, to be recognized longer than 1 year			45%
Revenue, Remaining Performance Obligation, years to be recognized			15 years
Russia Sanctions Impact on Pratt & Whitney and Collins
Basis of Presentation [Line Items]
Charges as a Result of Russia Sanctions and Export Controls, Gross	$ 290
Charges as a Result of Russia Sanctions and Export Controls, Net of Tax	210
RPO Related to Our Sales Contracts in Russia
Basis of Presentation [Line Items]
Remaining Performance Obligation (RPO), Reversal	$ 1,300
Accounts Receivable [Member]
Basis of Presentation [Line Items]
Unbilled			$ 298	$ 342
Collins Aerospace Systems [Member]
Basis of Presentation [Line Items]
Goodwill, Impairment Loss		$ 3,200			3,200
Contract asset and inventory write-offs					146
Collins Aerospace Systems [Member] | Patents & trademarks [Member]
Basis of Presentation [Line Items]
Asset Impairment Charges					57
Pratt and Whitney [Member]
Basis of Presentation [Line Items]
Unfavorable EAC adjustment on a commercial engine aftermarket contract					334
Unfavorable EAC adjustment related to the restructuring of a customer contract					129
Asset Impairment Charges					89
Unfavorable EAC adjustments on commercial aftermarket contracts					75
Unfavorable EAC adjustment related to military contracts					44
Reserves relating to a commercial financing arrangement					$ 43

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Accounting Principles (Indefinite Lived Intangible Assets) (Details)	12 Months Ended
	Dec. 31, 2022
Collaboration Asset [Member] | Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years
Customer Relationships [Member] | Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Customer Relationships [Member] | Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years
Developed technology and other | Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Developed technology and other | Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	25 years
Patents & trademarks [Member] | Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Patents & trademarks [Member] | Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years
Exclusivity Assets [Member] | Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Exclusivity Assets [Member] | Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	25 years

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Accounting Principles (Schedule of change in accounting estimates) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in Accounting Estimate [Line Items]
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 152	$ 296	$ (407)
Operating profit (loss)	5,414	4,958	(1,889)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ 5,216	$ 3,897	$ (3,109)
Income (loss) from continuing operations attributable to common shareowners	$ 3.51	$ 2.58	$ (2.29)
Contracts Accounted for under Percentage of Completion
Change in Accounting Estimate [Line Items]
Operating profit (loss)	$ (37)	$ 110	$ (643)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ (29)	$ 87	$ (508)
Income (loss) from continuing operations attributable to common shareowners	$ (0.02)	$ 0.06	$ (0.37)

Basis of Presentation and Sum_7

Basis of Presentation and Summary of Accounting Principles (Collaborative Arrangements) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cost of Products Sold [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Collaborator Share Of Sales	$ 2,058	$ 1,534	$ 1,183
Collaborator Share Of Program Costs Amount	(154)	(160)	(147)
Cost of Services Sold [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Collaborator Share Of Sales	1,808	1,428	1,374
Research and Development [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Collaborator Share Of Program Costs Amount	(182)	(135)	(177)
Selling General and Administrative [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Collaborator Share Of Program Costs Amount	$ (105)	$ (85)	$ (99)

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ in Millions		1 Months Ended					3 Months Ended			12 Months Ended
	Apr. 03, 2020	Dec. 31, 2021	Nov. 30, 2021	Jan. 31, 2021	Dec. 31, 2020	May 31, 2020	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Acquisition Cost Of Acquired Entities and Interest in Affiliates										$ 66	$ 1,100	$ 35,100
Payments to Acquire Businesses, Net of Cash Acquired			$ 1,100
Goodwill, Acquired During Period			800							31
Finite-lived Intangible Assets Acquired			$ 300
Defined benefit plan, benefit obligation, (increase) decrease due to remeasurement	$ 2,400
Customer Contractual Obligation		$ 929								818	929
Proceeds from Divestiture of Businesses and Interests in Affiliates		900								94	1,879	2,556
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal		251
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, After Tax		135
Disposal Group, Not Discontinued Operation, Gain (Loss) on Non-Service Pension (Income) Expense		$ 12
Goodwill, Impairment Loss									$ 3,200	0	0	3,183
Amortization of Intangible Assets										1,957	2,439	2,125
Collins Aerospace Military Global Positioning System G P S And Space Based Precision Optics Businesses [Member]
Business Acquisition [Line Items]
Proceeds from Divestiture of Businesses and Interests in Affiliates								$ 2,300
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal								580
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, After Tax								253
Costs related to the divestitures required for regulatory approval								20
Collins Aerospace Military Global Positioning System G P S And Space Based Precision Optics Businesses [Member] | Other Income (Expense) [Member]
Business Acquisition [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal								608
Collins Aerospace Military Global Positioning System G P S And Space Based Precision Optics Businesses [Member] | Nonoperating Income (Expense)
Business Acquisition [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal								$ 8
Airborne tactical radios business [Member]
Business Acquisition [Line Items]
Proceeds from Divestiture of Businesses and Interests in Affiliates						$ 231
Gain on disposal recorded as an adjustment to fair value of net asset acquired						$ 199
Forcepoint [Member]
Business Acquisition [Line Items]
Proceeds from Divestiture of Businesses and Interests in Affiliates				$ 1,100
Collins Aerospace Systems [Member]
Business Acquisition [Line Items]
Goodwill, Acquired During Period										$ (36)
Goodwill, Impairment Loss									$ 3,200			3,200
Impairment of Intangible Assets (Excluding Goodwill)												57
Raytheon Company [Member]
Business Acquisition [Line Items]
Goodwill, Acquired During Period	$ 21,600
Agreed Upon Number Shares of Common Stock of UTC which each share of Raytheon Common Stock will be Converted Into	2.3348
Goodwill, Purchase Accounting Adjustments							$ 61
Fair value adjustments to fixed assets	$ 1,100
Fair value adjustment to future pension and postretirement benefit obligations	3,600
Customer Contractual Obligation	$ 222
Business Combination, Acquisition Related Costs											$ 17	$ 142
Blue Canyon [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					$ 425
Goodwill, Acquired During Period					281
Finite-lived Intangible Assets Acquired					$ 149

Business Combinations (Raytheon

Business Combinations (Raytheon Company Consideration Transferred) (Details) - Raytheon Company [Member] $ / shares in Units, $ in Millions	Apr. 03, 2020 USD ($) $ / shares shares
Business Acquisition [Line Items]
Fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards | $	$ 33,067
Fair value attributable to pre-merger service for replacement equity awards | $	99
Total merger consideration | $	$ 33,166
Number of Raytheon Company common shares outstanding as of April 3, 2020	277,300,000
Number of Raytheon Company stock awards vested as a result of the Raytheon merger (1)	400,000
Total outstanding shares of Raytheon Company common stock and equity awards entitled to merger consideration	277,700,000
Agreed Upon Number Shares of Common Stock of UTC which each share of Raytheon Common Stock will be Converted Into	2.3348
Shares of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards	648,400,000
Price per share of RTC common stock (3) | $ / shares	$ 51

Business Combinations (Raythe_2

Business Combinations (Raytheon Company Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Apr. 03, 2020
Business Acquisition [Line Items]
Goodwill		$ 53,840	$ 54,436
Raytheon Company [Member]
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments	$ 61
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents				$ 3,208
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables				1,997
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contract Assets				6,023
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory				705
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other				940
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment				4,745
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Right-of-Use Assets				950
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill				19,130
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets				1,218
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets				38,916
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable				1,477
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accrued Employee Compensation				1,492
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accrued Liabilities				1,921
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Contract Liabilities				3,002
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt				4,700
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation				738
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Pension and Postretirement Liabilities				11,607
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other				2,368
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities				27,305
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				11,611
Goodwill				21,589
Business Combination, Acquisition of Noncontrolling Interest, Fair Value				(34)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net				$ 33,166

Business Combinations (Raythe_3

Business Combinations (Raytheon Company Finite Lived Intangible Assets Acquired) (Details) - USD ($) $ in Millions		12 Months Ended
	Apr. 03, 2020	Dec. 31, 2022
Customer Relationships [Member] | Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		3 years
Customer Relationships [Member] | Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		30 years
Developed technology and other | Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		3 years
Developed technology and other | Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		25 years
Raytheon Company [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 19,130
Raytheon Company [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 12,900
Finite-Lived Intangible Asset, Useful Life	25 years
Raytheon Company [Member] | Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 5,430
Raytheon Company [Member] | Developed technology and other
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 800
Raytheon Company [Member] | Developed technology and other | Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Raytheon Company [Member] | Developed technology and other | Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years

Business Combinations (Raythe_4

Business Combinations (Raytheon Merger Proforma Information) (Details) - Raytheon Company [Member] $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2020 USD ($) $ / shares
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	$ 64,087
Business Acquisition, Pro Forma Net Income (Loss)	$ (2,167)
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax, Per Share, Basic | $ / shares	$ (1.43)
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax, Per Share, Diluted | $ / shares	$ (1.43)
Pro Forma Nonrecurring Adjustment, Amortization of acquired Raytheon Company intangible assets, net	$ (270)
Pro Forma Nonrecurring Adjustment, Amortization of inventory and fixed asset fair value adjustment	(9)
Pro Forma Nonrecurring Adjustment, Utilization of contractual customer obligation	8
Pro Forma Nonrecurring Adjustment, Deferred revenue fair value adjustment	(4)
Pro Forma Nonrecurring Adjustment, Adjustment to net periodic pension cost	239
Pro Forma Nonrecurring Adjustment, RTC/Raytheon fees for advisory, legal, accounting services	134
Pro Forma Nonrecurring Adjustment, Interest expense related to debt distributions and Raytheon Merger, net	9
Pro Forma Nonrecurring Adjustment, Elimination of deferred commission amortization	5
Pro Forma Nonrecurring Adjustments, Net	$ 112

Business Combinations (Goodwill

Business Combinations (Goodwill) (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Nov. 30, 2021	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 53,840	$ 54,436
Goodwill, Acquired During Period	$ 800	31
Goodwill, Translation and Purchase Accounting Adjustments		(627)
Collins Aerospace Systems [Member]
Business Acquisition [Line Items]
Goodwill		30,719	31,384
Goodwill, Acquired During Period		(36)
Goodwill, Translation and Purchase Accounting Adjustments		(629)
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount		$ 9,500
Collins Aerospace Systems [Member] | Collins Reporting Unit 1 [Member]
Business Acquisition [Line Items]
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount		15%
Collins Aerospace Systems [Member] | Collins Reporting Unit 2 [Member]
Business Acquisition [Line Items]
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount		17%
Pratt and Whitney [Member]
Business Acquisition [Line Items]
Goodwill		$ 1,563	1,563
Goodwill, Acquired During Period		0
Goodwill, Translation and Purchase Accounting Adjustments		0
Raytheon Intelligence & Space
Business Acquisition [Line Items]
Goodwill		9,841	9,813
Goodwill, Acquired During Period		26
Goodwill, Translation and Purchase Accounting Adjustments		2
Raytheon Missiles & Defense
Business Acquisition [Line Items]
Goodwill		11,700	11,659
Goodwill, Acquired During Period		41
Goodwill, Translation and Purchase Accounting Adjustments		0
Total Segments [Member]
Business Acquisition [Line Items]
Goodwill		53,823	54,419
Goodwill, Acquired During Period		31
Goodwill, Translation and Purchase Accounting Adjustments		(627)
Eliminations and other [Member]
Business Acquisition [Line Items]
Goodwill		17	$ 17
Goodwill, Acquired During Period		0
Goodwill, Translation and Purchase Accounting Adjustments		$ 0

Business Combinations (Intangib

Business Combinations (Intangible Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	$ 39,424	$ 39,188
Finite-Lived Intangible Assets, Accumulated Amortization	(11,242)	(9,368)
Indefinite-lived Intangible Assets (Excluding Goodwill)	8,641	8,696
Intangible Assets, Gross (Excluding Goodwill)	48,065	47,884
Collaboration [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	5,536	5,319
Finite-Lived Intangible Assets, Accumulated Amortization	(1,408)	(1,173)
Exclusivity Assets [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	2,911	2,673
Finite-Lived Intangible Assets, Accumulated Amortization	(323)	(318)
Developed technology and other
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	1,202	1,214
Finite-Lived Intangible Assets, Accumulated Amortization	(544)	(466)
Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	29,775	29,982
Finite-Lived Intangible Assets, Accumulated Amortization	$ (8,967)	$ (7,411)

Business Combinations (Amortiza

Business Combinations (Amortization) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Amortization of Intangible Assets	$ 1,957	$ 2,439	$ 2,125
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	2,082
Finite-Lived Intangible Assets, Amortization Expense, Year Two	2,203
Finite-Lived Intangible Assets, Amortization Expense, Year Three	2,086
Finite-Lived Intangible Assets, Amortization Expense, Year Four	2,002
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 1,882

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations attributable to common shareowners	$ (19)	$ (33)	$ (410)
Income (loss) from discontinued operations	(30)	(10)	(216)
Income tax expense (benefit) from discontinued operations	(11)	23	151
Income (loss) from discontinued operations	(19)	(33)	(367)
Less: Noncontrolling interest in subsidiaries’ earnings from discontinued operations	0	0	43
Net cash used in operating activities	0	(71)	(728)
Net cash used in investing activities	0	0	(241)
Net cash provided by (used in) financing activities	0	71	(1,414)
Otis [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations attributable to common shareowners	0	0	187
Research and development	0	0	38
Selling, general and administrative expense	0	0	450
Other income (expense), net	0	0	(65)
Non-operating expense (income), net	0	0	3
Income (loss) from discontinued operations	0	0	340
Income tax expense (benefit) from discontinued operations	0	0	116
Income (loss) from discontinued operations	0	0	224
Less: Noncontrolling interest in subsidiaries’ earnings from discontinued operations	0	0	37
Otis [Member] | Products [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales	0	0	1,123
Costs of Goods Sold	0	0	913
Otis [Member] | Services [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales	0	0	1,843
Costs of Goods Sold	0	0	1,157
Carrier [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations attributable to common shareowners	0	0	196
Research and development	0	0	98
Selling, general and administrative expense	0	0	669
Other income (expense), net	0	0	(30)
Non-operating expense (income), net	0	0	17
Income (loss) from discontinued operations	0	0	304
Income tax expense (benefit) from discontinued operations	0	0	102
Income (loss) from discontinued operations	0	0	202
Less: Noncontrolling interest in subsidiaries’ earnings from discontinued operations	0	0	6
Carrier [Member] | Products [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales	0	0	3,143
Costs of Goods Sold	0	0	2,239
Carrier [Member] | Services [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales	0	0	741
Costs of Goods Sold	0	0	527
Separation Related Transactions [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations attributable to common shareowners	(19)	(33)	(793)
Selling, general and administrative expense	0	10	151
Other income (expense), net	(30)	0	(709)
Income (loss) from discontinued operations	(30)	(10)	(860)
Income tax expense (benefit) from discontinued operations	$ (11)	$ 23	$ (67)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net Income (Loss) Attributable to Common Shareowners
Income (loss) from continuing operations	$ 5,216	$ 3,897	$ (3,109)
Loss from discontinued operations attributable to common shareowners	(19)	(33)	(410)
Net income (loss) attributable to common shareowners	$ 5,197	$ 3,864	$ (3,519)
Basic weighted average number of shares outstanding	1,475.5	1,501.6	1,357.8
Stock awards and equity units (share equivalent)	10.4	6.9	0
Diluted weighted average number of shares outstanding	1,485.9	1,508.5	1,357.8
Earnings (loss) per share attributable to common shareowners - basic
Income (loss) from continuing operations	$ 3.54	$ 2.60	$ (2.29)
Loss from discontinued operations	(0.02)	(0.03)	(0.30)
Net income (loss) attributable to common shareowners	3.52	2.57	(2.59)
Earnings Per Share of Common Stock - Diluted
Income (loss) from continuing operations	3.51	2.58	(2.29)
Loss from discontinued operations	(0.01)	(0.02)	(0.30)
Net income (loss) attributable to common shareowners	$ 3.50	$ 2.56	$ (2.59)
Antidilutive securities excluded from computation of earnings per share amount	6.2	13.4	32.5

Accounts Receivable, Net (Sched

Accounts Receivable, Net (Schedule of Accounts Receivable, Net) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounts Notes And Loans Receivable [Line Items]
U.S. government contracts (including foreign military sales)	$ 1,371	$ 1,204
Allowance for expected credit losses	(452)	(475)
Accounts receivable, net	9,108	9,661
Other Customer
Accounts Notes And Loans Receivable [Line Items]
Accounts Receivable, Other Customers	$ 8,189	$ 8,932

Accounts Receivable, Net (Allow

Accounts Receivable, Net (Allowance for Credit Losses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
Allowance for expected credit losses	$ 452	$ 475	$ 546
Current period provision for expected credit losses, net of recoveries	26	(47)
Write-offs charged against the allowance for expected credit losses	(42)	(18)
Other, net	$ (7)	$ (6)

Contract with Customer, Asset a

Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Capitalized Contract Cost [Line Items]
Contract with Customer, Asset, Change	$ 173
Contract with Customer, Liability, Change	878
Contract with Customer, Liability, Revenue Recognized	4,800	$ 4,300	$ 2,800
Advances received to date on contracts related to precision guided munitions to certain Middle Eastern customers pending U.S. government approval	385
Contract with Customer, Asset, Allowance for Credit Loss	$ 318	$ 251

Contract Assets and Liabiliti_2

Contract Assets and Liabilities (Schedule of Contract Assets and Contact Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract assets	$ 11,534	$ 11,361
Contract liabilities	(14,598)	(13,720)
Net contract liabilities	$ (3,064)	$ (2,359)

Contract Assets and Liabiliti_3

Contract Assets and Liabilities (Schedule of Contract Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Unbilled	$ 23,909	$ 23,652
Progress payments	(12,375)	(12,291)
Contract assets	$ 11,534	$ 11,361

Inventory, Net (Details)

Inventory, Net (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 3,477	$ 3,024
Work-in-process	3,839	3,085
Finished goods	3,301	3,069
Inventory, net	10,617	9,178
Inventory Valuation Reserves	$ 2,200	$ 2,000

Commercial Aerospace Industry_3

Commercial Aerospace Industry Assets and Commitments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounts Notes And Loans Receivable [Line Items]
Accounts receivable, net	$ 9,108	$ 9,661
Customer financing assets	2,603	2,848
Other Commitment	11,300
Commercial Aerospace [Member]
Accounts Notes And Loans Receivable [Line Items]
Accounts receivable, net	6,653	7,235
Contract with Customer, Asset, after Allowance for Credit Loss	4,274	3,264
Customer financing assets	2,700	2,945
Contract fulfillment costs	1,962	1,711
Commercial aerospace guarantees (net of reserves and collaboration partners’ share) (Note 17)	164	165
Other Commitment	$ 9,364	$ 9,659

Fixed Assets (Details)

Fixed Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property Plant And Equipment [Line Items]
Land	$ 744	$ 765
Buildings and improvements	7,519	7,271
Machinery, tools and equipment	17,479	16,729
Other, including assets under construction	3,374	2,872
Fixed assets	29,116	27,637
Accumulated depreciation	(13,946)	(12,665)
Fixed assets, net	15,170	14,972
Depreciation	$ 1,843	$ 1,828	$ 1,767
Land Buildings And Improvements [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Land Buildings And Improvements [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	45 years
Machinery And Equipment [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Machinery And Equipment [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years

Borrowings and Lines of Credi_2

Borrowings and Lines of Credit (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Aggregate Line of Credit Facility Maximum Borrowing Capacity		$ 7,000
Borrowings under Long-term Lines of Credit		0
Short Term Line of Credit Facilities Remaining Borrowing Capacities		800
Maximum Commercial Paper Borrowing Authority		5,000
Commercial Paper	$ 0	$ 524	$ 0
Short Term Debt Weighted Average Interest Rate, Outstanding		4.40%
Proceeds from Issuance of Commercial Paper		$ 1,400
Repayments of Commercial Paper		1,200
Debt Extinguishment Costs		$ 0	$ 649	$ 0
Total Debt Weighted Average Interest Rate, Outstanding	4%	4%	4%
Average Years of Maturity of Long Term Debt		14 years
Tender Offer [Member]
Debt Instrument [Line Items]
Repayments of Debt	$ 1,500
Debt Extinguishment Costs	$ 617
Revolving Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 5,000
$2.0B September 2022 revolving credit agreement
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 2,000

Borrowings and Lines of Credi_3

Borrowings and Lines of Credit (Schedule of Issuances of Long-term Debt) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Notes 2.375% due 2032
Debt Instrument [Line Items]
Proceeds from Issuance of Debt		$ 1,000
Debt Instrument, Maturity Year Date	2032	2032
Debt Instrument, Interest Rate, Stated Percentage	2.375%	2.375%
Notes 3.030% Due 2052
Debt Instrument [Line Items]
Proceeds from Issuance of Debt		$ 1,100
Debt Instrument, Maturity Year Date	2052	2052
Debt Instrument, Interest Rate, Stated Percentage	3.03%	3.03%
Notes 1.900% due 2031
Debt Instrument [Line Items]
Proceeds from Issuance of Debt		$ 1,000
Debt Instrument, Maturity Year Date	2031	2031
Debt Instrument, Interest Rate, Stated Percentage	1.90%	1.90%
Notes 2.820% due 2051
Debt Instrument [Line Items]
Proceeds from Issuance of Debt		$ 1,000
Debt Instrument, Maturity Year Date	2051	2051
Debt Instrument, Interest Rate, Stated Percentage	2.82%	2.82%

Borrowings and Lines of Credi_4

Borrowings and Lines of Credit (Repayments of Long-term Debt) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Debt Extinguishment Costs	$ 0	$ 649	$ 0
Notes 5.700% Due 2040
Debt Instrument [Line Items]
Repayments of Debt		$ 447
Debt Instrument, Interest Rate, Stated Percentage		5.70%
Debt Instrument, Maturity Year Date		2040
Notes 6.125% Due 2038
Debt Instrument [Line Items]
Repayments of Debt		$ 425
Debt Instrument, Interest Rate, Stated Percentage		6.125%
Debt Instrument, Maturity Year Date		2038
Notes 6.050% Due 2036
Debt Instrument [Line Items]
Repayments of Debt		$ 190
Debt Instrument, Interest Rate, Stated Percentage		6.05%
Debt Instrument, Maturity Year Date		2036
Notes 5.400% Due 2035
Debt Instrument [Line Items]
Repayments of Debt		$ 154
Debt Instrument, Interest Rate, Stated Percentage		5.40%
Debt Instrument, Maturity Year Date		2035
Notes 7.500% Due 2029
Debt Instrument [Line Items]
Repayments of Debt		$ 136
Debt Instrument, Interest Rate, Stated Percentage		7.50%
Debt Instrument, Maturity Year Date		2029
Notes 6.700% Due 2028
Debt Instrument [Line Items]
Repayments of Debt		$ 115
Debt Instrument, Interest Rate, Stated Percentage		6.70%
Debt Instrument, Maturity Year Date		2028
Notes 6.800% Due 2036
Debt Instrument [Line Items]
Repayments of Debt		$ 17
Debt Instrument, Interest Rate, Stated Percentage		6.80%
Debt Instrument, Maturity Year Date		2036
Notes 7.000% Due 2038
Debt Instrument [Line Items]
Repayments of Debt		$ 11
Debt Instrument, Interest Rate, Stated Percentage		7%
Debt Instrument, Maturity Year Date		2038
Notes 7.100% Due 2027
Debt Instrument [Line Items]
Repayments of Debt		$ 6
Debt Instrument, Interest Rate, Stated Percentage		7.10%
Debt Instrument, Maturity Year Date		2027
Notes 3.100% Due 2021
Debt Instrument [Line Items]
Repayments of Debt		$ 250
Debt Instrument, Interest Rate, Stated Percentage		3.10%
Debt Instrument, Maturity Year Date		2021
Notes 2.800% Due 2022
Debt Instrument [Line Items]
Repayments of Debt		$ 1,100
Debt Instrument, Interest Rate, Stated Percentage		2.80%
Debt Instrument, Maturity Year Date		2022
Notes 2.500% Due 2022
Debt Instrument [Line Items]
Repayments of Debt		$ 1,100
Debt Instrument, Interest Rate, Stated Percentage		2.50%
Debt Instrument, Maturity Year Date		2022
Notes 8.750% Due 2021
Debt Instrument [Line Items]
Repayments of Debt		$ 250
Debt Instrument, Interest Rate, Stated Percentage		8.75%
Debt Instrument, Maturity Year Date		2021

Borrowings and Lines of Credi_5

Borrowings and Lines of Credit (Schedule of Long-term Debt Instruments) (Details) € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 EUR (€)
Debt Instrument [Line Items]
Other (including finance leases)	$ 253	$ 270
Long-term Debt, Gross	31,249	31,300
Other (fair market value adjustments, (discounts)/premiums and debt issuance costs)	40	51
Total long-term debt	31,289	31,351
Less: current portion	595	24
Long-term debt, net of current portion	$ 30,694	31,327
Notes 3.650% Due 2023
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2023
Debt Instrument, Interest Rate, Stated Percentage	3.65%		3.65%
Long-term Debt, Gross	$ 171	171
Notes 3.700% Due 2023
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2023
Debt Instrument, Interest Rate, Stated Percentage	3.70%		3.70%
Long-term Debt, Gross	$ 400	400
Notes 3.200% Due 2024
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2024
Debt Instrument, Interest Rate, Stated Percentage	3.20%		3.20%
Long-term Debt, Gross	$ 950	950
Notes 3.150% Due 2024
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2024
Debt Instrument, Interest Rate, Stated Percentage	3.15%		3.15%
Long-term Debt, Gross	$ 300	300
Notes 3.950% Due 2025
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2025
Debt Instrument, Interest Rate, Stated Percentage	3.95%		3.95%
Long-term Debt, Gross	$ 1,500	1,500
Notes 2.650% Due 2026
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2026
Debt Instrument, Interest Rate, Stated Percentage	2.65%		2.65%
Long-term Debt, Gross	$ 719	719
Notes 3.125% Due 2027
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2027
Debt Instrument, Interest Rate, Stated Percentage	3.125%		3.125%
Long-term Debt, Gross	$ 1,100	1,100
Notes 3.500% Due 2027
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2027
Debt Instrument, Interest Rate, Stated Percentage	3.50%		3.50%
Long-term Debt, Gross	$ 1,300	1,300
Notes 7.200% Due 2027
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2027
Debt Instrument, Interest Rate, Stated Percentage	7.20%		7.20%
Long-term Debt, Gross	$ 382	$ 382
Notes 7.100% Due 2027
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date		2027
Debt Instrument, Interest Rate, Stated Percentage		7.10%
Long-term Debt, Gross	135	$ 135
Notes 6.700% Due 2028
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date		2028
Debt Instrument, Interest Rate, Stated Percentage		6.70%
Long-term Debt, Gross	$ 285	$ 285
Notes 7.000% Due 2028
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2028
Debt Instrument, Interest Rate, Stated Percentage	7%		7%
Long-term Debt, Gross	$ 185	185
Notes 4.125% Due 2028
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2028
Debt Instrument, Interest Rate, Stated Percentage	4.125%		4.125%
Long-term Debt, Gross	$ 3,000	$ 3,000
Notes 7.500% Due 2029
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date		2029
Debt Instrument, Interest Rate, Stated Percentage		7.50%
Long-term Debt, Gross	$ 414	$ 414
Notes 2.150% Due 2030
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2030
Debt Instrument, Interest Rate, Stated Percentage	2.15%		2.15%
Debt Instrument, Face Amount | €			€ 500
Long-term Debt, Gross	$ 531	565
Notes 2.250% Due 2030
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2030
Debt Instrument, Interest Rate, Stated Percentage	2.25%		2.25%
Long-term Debt, Gross	$ 1,000	$ 1,000
Notes 1.900% due 2031
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2031	2031
Debt Instrument, Interest Rate, Stated Percentage	1.90%	1.90%	1.90%
Long-term Debt, Gross	$ 1,000	$ 1,000
Notes 2.375% due 2032
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2032	2032
Debt Instrument, Interest Rate, Stated Percentage	2.375%	2.375%	2.375%
Long-term Debt, Gross	$ 1,000	$ 1,000
Notes 5.400% Due 2035
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date		2035
Debt Instrument, Interest Rate, Stated Percentage		5.40%
Long-term Debt, Gross	446	$ 446
Notes 6.050% Due 2036
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date		2036
Debt Instrument, Interest Rate, Stated Percentage		6.05%
Long-term Debt, Gross	410	$ 410
Notes 6.800% Due 2036
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date		2036
Debt Instrument, Interest Rate, Stated Percentage		6.80%
Long-term Debt, Gross	117	$ 117
Notes 7.000% Due 2038
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date		2038
Debt Instrument, Interest Rate, Stated Percentage		7%
Long-term Debt, Gross	148	$ 148
Notes 6.125% Due 2038
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date		2038
Debt Instrument, Interest Rate, Stated Percentage		6.125%
Long-term Debt, Gross	$ 575	$ 575
Notes 4.450% Due 2038
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2038
Debt Instrument, Interest Rate, Stated Percentage	4.45%		4.45%
Long-term Debt, Gross	$ 750	$ 750
Notes 5.700% Due 2040
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date		2040
Debt Instrument, Interest Rate, Stated Percentage		5.70%
Long-term Debt, Gross	$ 553	$ 553
Notes 4.875% Due 2040
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2040
Debt Instrument, Interest Rate, Stated Percentage	4.875%		4.875%
Long-term Debt, Gross	$ 600	600
Notes 4.700% Due 2041
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2041
Debt Instrument, Interest Rate, Stated Percentage	4.70%		4.70%
Long-term Debt, Gross	$ 425	425
Notes 4.500% Due 2042
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2042
Debt Instrument, Interest Rate, Stated Percentage	4.50%		4.50%
Long-term Debt, Gross	$ 3,500	3,500
Notes 4.800% Due 2043
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2043
Debt Instrument, Interest Rate, Stated Percentage	4.80%		4.80%
Long-term Debt, Gross	$ 400	400
Notes 4.200% Due 2044
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2044
Debt Instrument, Interest Rate, Stated Percentage	4.20%		4.20%
Long-term Debt, Gross	$ 300	300
Notes 4.150% Due 2045
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2045
Debt Instrument, Interest Rate, Stated Percentage	4.15%		4.15%
Long-term Debt, Gross	$ 850	850
Notes 3.750% Due 2046
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2046
Debt Instrument, Interest Rate, Stated Percentage	3.75%		3.75%
Long-term Debt, Gross	$ 1,100	1,100
Notes 4.050% Due 2047
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2047
Debt Instrument, Interest Rate, Stated Percentage	4.05%		4.05%
Long-term Debt, Gross	$ 600	600
Notes 4.350% Due 2047
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2047
Debt Instrument, Interest Rate, Stated Percentage	4.35%		4.35%
Long-term Debt, Gross	$ 1,000	1,000
Notes 4.625% Due 2048
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2048
Debt Instrument, Interest Rate, Stated Percentage	4.625%		4.625%
Long-term Debt, Gross	$ 1,750	1,750
Notes 3.125% Due 2050
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2050
Debt Instrument, Interest Rate, Stated Percentage	3.125%		3.125%
Long-term Debt, Gross	$ 1,000	$ 1,000
Notes 2.820% due 2051
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2051	2051
Debt Instrument, Interest Rate, Stated Percentage	2.82%	2.82%	2.82%
Long-term Debt, Gross	$ 1,000	$ 1,000
Notes 3.030% Due 2052
Debt Instrument [Line Items]
Debt Instrument, Maturity Year Date	2052	2052
Debt Instrument, Interest Rate, Stated Percentage	3.03%	3.03%	3.03%
Long-term Debt, Gross	$ 1,100	$ 1,100

Borrowings and Lines of Credi_6

Borrowings and Lines of Credit (Schedule of Principal Payments on Long-term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months	$ 588
Long Term Debt Maturities Repayments Of Principal In Year Two	1,270
Long Term Debt Maturities Repayments Of Principal In Year Three	1,590
Long Term Debt Maturities Repayments Of Principal In Year Four	751
Long Term Debt Maturities Repayments Of Principal In Year Five	2,935
Long Term Debt Maturities Repayments Of Principal After Year Five	24,115
Long-term Debt, Gross	$ 31,249	$ 31,300

Employee Benefit Plans (Employe

Employee Benefit Plans (Employee Savings Plans) (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Contributions to employer sponsored defined contribution plans	$ 1,037	$ 962	$ 875
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	24.7
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	5.1
Employee Stock Ownership Plan (ESOP), Deferred Shares, Fair Value	$ 512

Employee Benefit Plans (Pension

Employee Benefit Plans (Pension and Postretirement Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Plan amendments				$ 2,100
Percentage Of Projected Benefit Obligation Comprised Of Domestic Plan Benefits		87%	86%
Percentage Of Projected Benefit Obligation Comprised Of Foreign Plan Benefits		10%	11%
Defined Benefit Plan, Accumulated Benefit Obligation		$ 48,800	$ 66,500
Fair value of plan assets		47,960	63,323
Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 1,650	$ 1,885	1,649
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Percent Of Plan Assets Concentrated in Individual Investment		5%
Nonqualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage Of Projected Benefit Obligation Comprised Of Domestic Plan Benefits		3%	3%
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Discretionary Pension Contributions				750
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year				51
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan amendments		$ 0	$ 0
Net settlement and curtailment gain (loss)		$ 3	$ 0	$ (1)
Expected return on plan assets, net cost		5.70%	5.70%	5.70%
Fair value of plan assets		$ 302	$ 389	$ 381
Other Postretirement Benefits Plan [Member] | Asset Held in Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		105	147
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan amendments		131	59
Net settlement and curtailment gain (loss)		$ (2)	$ (22)	$ (45)
Expected return on plan assets, net cost		6.50%	6.50%	6.50%
Derivative, Fair Value, Net		$ (79)	$ 98
Fair value of plan assets		$ 47,960	63,323	$ 62,318
Pension Plan [Member] | Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets, net cost	7.10%
Pension Plan [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Range Of Growth Seeking Assets In Company's Overall Investment Strategy		45%
Range Of Income Generating Assets In Company's Overall Investment Strategy		60%
Percentage Of Interest Rate Sensitivity Of Pension Plan Liabilities Fixed Income Portfolio Designed To Hedge		80%
Pension Plan [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Range Of Growth Seeking Assets In Company's Overall Investment Strategy		40%
Range Of Income Generating Assets In Company's Overall Investment Strategy		55%
Percentage Of Interest Rate Sensitivity Of Pension Plan Liabilities Fixed Income Portfolio Designed To Hedge		40%
VEBA [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 0	$ 0

Employee Benefit Plans (Schedul

Employee Benefit Plans (Schedule of Pension and PRB Contributions) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Payment for Pension Benefits	$ 94	$ 59	$ 1,025
Payment for Other Postretirement Benefits	25	17	15
UNITED STATES
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Payment for Pension Benefits	0	0	885
Foreign Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Payment for Pension Benefits	$ 69	$ 42	$ 125

Employee Benefit Plans (Sched_2

Employee Benefit Plans (Schedule of Defined Benefit Plan Disclosures) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Plan amendments			$ 2,100
Other	$ 65	$ 23	(51)
Fair value of plan assets	47,960	63,323
Noncurrent liability	(4,807)	(7,855)
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit obligations	49,028	67,214	71,257
Service cost	470	523	483
Interest cost	1,520	1,249	1,650
Actuarial loss (gain)	(15,466)	(1,643)
Total benefits paid(1)	(4,328)	(4,098)
Net settlement, curtailment, and special termination benefits	3	(89)
Plan amendments	131	59
Business combinations and divestitures	0	48
Other	(516)	(92)
Fair value of plan assets	47,960	63,323	62,318
Actual return on plan assets	(10,841)	4,983
Employer contributions(1)	306	289
Total benefits paid(1)	(4,328)	(4,098)
Settlements	(4)	(85)
Other (2)	(496)	(84)
Funded status of plan	(1,068)	(3,891)
Noncurrent assets	3,301	3,214
Current liability	(236)	(232)
Noncurrent liability	(4,133)	(6,873)
Net amount recognized	(1,068)	(3,891)
Net actuarial (gain) loss	2,950	4,402
Prior service credit	(1,424)	(1,715)
Net amount recognized	1,526	2,687
Pension Plan [Member] | Continuing operations [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	470	523
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit obligations	984	1,370	1,535
Service cost	6	7	6
Interest cost	29	24	37
Actuarial loss (gain)	(294)	(73)
Total benefits paid(1)	(166)	(165)
Net settlement, curtailment, and special termination benefits	(8)	(11)
Plan amendments	0	0
Business combinations and divestitures	0	0
Other	47	53
Fair value of plan assets	302	389	$ 381
Actual return on plan assets	(63)	36
Employer contributions(1)	98	95
Total benefits paid(1)	(166)	(165)
Settlements	(8)	(11)
Other (2)	52	53
Funded status of plan	(682)	(981)
Noncurrent assets	0	0
Current liability	(71)	(78)
Noncurrent liability	(611)	(903)
Net amount recognized	(682)	(981)
Net actuarial (gain) loss	(394)	(199)
Prior service credit	(4)	(6)
Net amount recognized	(398)	(205)
Other Postretirement Benefits Plan [Member] | Continuing operations [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 6	$ 7

Employee Benefit Plans (Sched_3

Employee Benefit Plans (Schedule of Plan with ABO in Excess of Plan Assets) (Details) - Pension Plan [Member] - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 22,116	$ 28,960
Accumulated benefit obligation	22,080	28,494
Fair value of plan assets	$ 17,747	$ 22,002

Employee Benefit Plans (Sched_4

Employee Benefit Plans (Schedule of Plan with PBO in Excess of Plan Assets) (Details) - Pension Plan [Member] - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 22,116	$ 31,471
Accumulated benefit obligation	22,080	30,745
Fair value of plan assets	$ 17,747	$ 24,366

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Pension (Income) Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Non-service pension income	$ (1,889)	$ (1,944)	$ (902)
Net periodic pension and other postretirement income	(1,413)	(1,414)	(413)
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	470	523	483
Interest cost	1,520	1,249	1,650
Expected return on plan assets	(3,544)	(3,476)	(2,995)
Amortization of prior service cost (credit)	(163)	(168)	51
Recognized actuarial net (gain) loss	305	435	337
Net settlement, curtailment and special termination benefits loss	2	22	45
Non-service pension income	(1,880)	(1,938)	(912)
Net periodic pension and other postretirement income	$ (1,410)	$ (1,415)	$ (429)

Employee Benefit Plans (Compo_2

Employee Benefit Plans (Components of Net Periodic PRB (Income) Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Non-service pension income	$ (1,889)	$ (1,944)	$ (902)
Net periodic pension and other postretirement income	(1,413)	(1,414)	(413)
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	6	7	6
Interest cost	29	24	37
Expected return on plan assets	(22)	(21)	(13)
Amortization of prior service cost (credit)	(2)	(3)	(3)
Recognized actuarial net (gain) loss	(11)	(6)	(12)
Net settlement, curtailment and special termination benefits loss	(3)	0	1
Non-service pension income	(9)	(6)	10
Net periodic pension and other postretirement income	$ (3)	$ 1	$ 16

Employee Benefit Plans (Sched_5

Employee Benefit Plans (Schedule of Pension Amounts Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Net actuarial gain arising during the period	$ (1,291)	$ (3,246)	$ 202
Current year prior service cost	131	59	(2,095)
Amortization of prior service credit	(129)	(258)	$ (373)
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net actuarial gain arising during the period	(1,082)	(3,158)
Amortization of actuarial gain	(305)	(435)
Current year prior service cost	131	59
Amortization of prior service credit	163	168
Net settlement and curtailment	1	(17)
Other	(69)	(6)
Total recognized in other comprehensive (income) loss	(1,161)	(3,389)
Net recognized in net periodic benefit (income) cost and other comprehensive loss	$ (2,571)	$ (4,804)

Employee Benefit Plans (Sched_6

Employee Benefit Plans (Schedule of PRB Amounts Recognized in Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Net actuarial gain arising during the period	$ (1,291)	$ (3,246)	$ 202
Current year prior service cost	131	59	(2,095)
Amortization of prior service credit	(129)	(258)	$ (373)
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net actuarial gain arising during the period	(209)	(88)
Amortization of actuarial gain	11	6
Amortization of prior service credit	2	3
Net settlement and curtailment	3	0
Total recognized in other comprehensive (income) loss	(193)	(79)
Net recognized in net periodic benefit (income) cost and other comprehensive loss	$ (196)	$ (78)

Employee Benefit Plans (Sched_7

Employee Benefit Plans (Schedule of Expected Benefit Payments) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
2023	$ 4,418
2024	3,796
2025	3,780
2026	3,734
2027	3,671
2028-2032	17,654
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
2023	107
2024	100
2025	94
2026	89
2027	84
2028-2032	$ 357

Employee Benefit Plans (Definit

Employee Benefit Plans (Definite Benefit Plan, Assumptions, Pension) (Details) - Pension Plan [Member]	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Salary scale, benefit obligation	4.40%	4.40%
Salary scale, net cost	4.40%	4.40%	4.30%
Expected return on assets	6.50%	6.50%	6.50%
Interest Crediting Rate, benefit obligation	4.50%	4%
Interest Crediting Rate, net cost	4%	3.80%	3.80%
PBO [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate, benefit obligation	5.50%	2.80%
Discount rate, net cost	2.80%	2.50%	3.20%
Interest cost [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate, net cost	2.30%	1.80%	2.80%
Service Cost [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate, net cost	3.10%	2.80%	3.50%

Employee Benefit Plans (Defined

Employee Benefit Plans (Defined Benefit Plan, Assumptions, PRB) (Details) - Other Postretirement Benefits Plan [Member]	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Discount rate, benefit obligation	5.50%	2.80%
Discount rate, net cost	2.80%	2.40%	3.10%
Expected return on plan assets, net cost	5.70%	5.70%	5.70%
Health care cost trend rate assumed for next year	5%	4.70%
Rate that the cost trend rate gradually declines to	4.20%	4.20%
Year that the rate reaches the rate it is assumed to remain at	2029	2026

Employee Benefit Plans (Sched_8

Employee Benefit Plans (Schedule of Allocation of Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	$ 47,960	$ 63,323
Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	8,688	11,394
Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	15,003	21,178
Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	1,650	1,885	$ 1,649
Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	21,810	27,666
Global Equities [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	6,199	9,417
Global Equities [Member] | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	6,194	9,411
Global Equities [Member] | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	5	6
Global Equities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Global Equities [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Global Equity Commingled Funds [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	588	932
Global Equity Commingled Funds [Member] | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	20	3
Global Equity Commingled Funds [Member] | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	568	929
Global Equity Commingled Funds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Global Equity Commingled Funds [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Enhanced Global Equities [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	22	209
Enhanced Global Equities [Member] | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	(53)	46
Enhanced Global Equities [Member] | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	75	163
Enhanced Global Equities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Enhanced Global Equities [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Other Public Equities
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	5,771	8,495
Other Public Equities | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Other Public Equities | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Other Public Equities | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Other Public Equities | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	5,771	8,495
Private Equity Funds [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	4,068	4,490
Private Equity Funds [Member] | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Private Equity Funds [Member] | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Private Equity Funds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Private Equity Funds [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	4,068	4,490
Governments [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	3,952	3,105
Governments [Member] | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	2,526	1,933
Governments [Member] | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	1,426	1,172
Governments [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Governments [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Corporate Debt Securities [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	12,639	18,682
Corporate Debt Securities [Member] | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	1	1
Corporate Debt Securities [Member] | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	12,638	18,681
Corporate Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0	2
Corporate Debt Securities [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Structured Products
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	57	25
Structured Products | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Structured Products | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	57	25
Structured Products | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Structured Products | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Fixed Income Securities [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	6,975	7,367
Fixed Income Securities [Member] | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Fixed Income Securities [Member] | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Fixed Income Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Fixed Income Securities [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	6,975	7,367
Real Estate [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	3,411	3,628
Real Estate [Member] | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Real Estate [Member] | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	1,650	1,885	$ 1,647
Real Estate [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	1,761	1,743
Other Pension Plan Assets [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	3,155	5,442
Other Pension Plan Assets [Member] | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Other Pension Plan Assets [Member] | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	84	91
Other Pension Plan Assets [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Other Pension Plan Assets [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	3,071	5,351
Cash & Cash Equivalents [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	314	331
Cash & Cash Equivalents [Member] | Quoted price in active markets (Level 1) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Cash & Cash Equivalents [Member] | Significant other observable inputs (Level 2) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	150	111
Cash & Cash Equivalents [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	0	0
Cash & Cash Equivalents [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	164	220
Pension Plan Assets Leveled [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	47,151	62,123
Other Assets And Liabilities [Member]
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Fair value of plan assets	$ 809	$ 1,200

Employee Benefit Plans (Pensi_2

Employee Benefit Plans (Pension Plans) (Level 3 Significant Unobservable Inputs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Beginning Balance, Plan Assets	$ 63,323
Ending Balance, Plan Assets	47,960	$ 63,323
Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Beginning Balance, Plan Assets	1,885	1,649
Realized gains	76	212
Unrealized gains (losses) relating to instruments still held in the reporting period	64	50
Purchases, sales and settlements, net	(211)	(24)
Transfers in/out, net	(164)	(2)
Ending Balance, Plan Assets	1,650	1,885
Corporate Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Beginning Balance, Plan Assets	18,682
Ending Balance, Plan Assets	12,639	18,682
Corporate Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Beginning Balance, Plan Assets	0	2
Realized gains	0	0
Unrealized gains (losses) relating to instruments still held in the reporting period	0	0
Purchases, sales and settlements, net	0	0
Transfers in/out, net	0	(2)
Ending Balance, Plan Assets	0	0
Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Beginning Balance, Plan Assets	3,628
Ending Balance, Plan Assets	3,411	3,628
Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Beginning Balance, Plan Assets	1,885	1,647
Realized gains	76	212
Unrealized gains (losses) relating to instruments still held in the reporting period	64	50
Purchases, sales and settlements, net	(211)	(24)
Transfers in/out, net	(164)	0
Ending Balance, Plan Assets	$ 1,650	$ 1,885

Employee Benefit Plans (Marketa

Employee Benefit Plans (Marketable Securities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Marketable securities held in trusts	$ 774	$ 965

Leases (Details)

Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating Lease, Expense	$ 475	$ 525	$ 497
Operating cash flows used in the measurement of operating lease liabilities	399	490	420
Operating lease right-of-use assets obtained in exchange for operating lease obligations	359	535	$ 299
2023	340
2024	301
2025	265
2026	236
2027	195
Thereafter	735
Total undiscounted lease payments	2,072
Less imputed interest	(130)
Operating Lease, Liability	1,942	2,068
Operating Lease, Liability, Current	356	411
Operating lease liabilities, non-current	$ 1,586	$ 1,657
Operating Lease, Weighted Average Remaining Lease Term	9 years	9 years
Operating Lease, Weighted Average Discount Rate, Percent	3.30%	2.80%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended			12 Months Ended
	Apr. 30, 2020	Dec. 31, 2021	Mar. 31, 2021	Jun. 30, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Contingency [Line Items]
Undistributed Earnings of Foreign Subsidiaries					$ 18,000
Foreign Derived Intangible Income (FDII)					(214)	$ (121)	$ (83)
Effective Income Tax Reconciliation, Reorganization, Amount					207	244
U.S. research and development credit					164	172	142
Effective Income Tax Rate Reconciliation, Change in U.K. Enacted Tax Rate, Amount					0	73	8
Disposals of businesses					0	108	177
Income tax expense					700	786	575
Income from continuing operations before income taxes					(6,027)	(4,931)	2,353
Goodwill, Impairment Loss				$ 3,200	0	0	3,183
Net deferred tax charges resulting from the Separation Transactions and Raytheon Merger							416
Unrecognized Tax Benefits		$ 1,458			1,515	1,458	1,225	$ 1,347
Unrecognized Tax Benefits that Would Impact Effective Tax Rate					1,378
Unrecognized Tax Benefits, Period Increase (Decrease)	$ 439				0	0	439
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	$ 165	165			190	$ 165	$ 141
Forcepoint [Member]
Income Tax Contingency [Line Items]
Disposals of businesses			$ 148
Raytheon Intelligence & Space global training and services business
Income Tax Contingency [Line Items]
Disposals of businesses		$ (104)
Minimum [Member]
Income Tax Contingency [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible					25
Maximum [Member]
Income Tax Contingency [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible					$ 375

Income Taxes (Schedule of Incom

Income Taxes (Schedule of Income before Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income, United States	$ 4,061	$ 3,498	$ (2,762)
Income, Foreign	1,966	1,433	409
Income from continuing operations before income taxes	$ 6,027	$ 4,931	$ (2,353)

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Current Tax Provision, Federal	$ 1,724	$ 387	$ 324
Current Tax Provision, State	126	60	45
Current Tax Provision, Foreign	513	427	305
Current Income Tax Expense Benefit	2,363	874	674
Future Tax Provision, Federal	(1,399)	(26)	(264)
Future Tax Provision, State	(166)	41	258
Future Tax Provision, Foreign	(98)	(103)	(93)
Deferred income tax benefit	(1,663)	(88)	(99)
Effective income tax rate	$ 700	$ 786	$ 575

Income Taxes (Schedule of Effec

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Effective Tax Rate Reconciliation, Percent
Statutory U.S. federal income tax rate	21%	21%	21%
Tax on international activities	(3.10%)	(4.10%)	(1.10%)
Tax charges related to Separation Transactions and Raytheon merger	0%	(0.80%)	(17.70%)
Disposals of businesses	0%	2.20%	(7.50%)
U.S. research and development credit	(2.70%)	(3.50%)	6.10%
Goodwill impairment	0%	0%	28.40%
State income tax, net	(0.20%)	0.70%	2.40%
Foreign Derived Intangible Income	(3.50%)	(2.50%)	3.50%
U.K. corporate tax rate enactment	0%	1.50%	(0.40%)
Other	0.10%	1.40%	(2.30%)
Effective income tax rate	11.60%	15.90%	(24.40%)
Effective Tax Rate Reconciliation, Amount
Statutory U.S. federal income tax rate	$ 1,266	$ 1,036	$ (494)
Tax on international activities	(186)	(204)	27
Tax charges related to Separation Transactions and Raytheon merger	0	(39)	416
Disposals of businesses	0	108	177
U.S. research and development credit	(164)	(172)	(142)
Goodwill impairment	0	0	668
State income tax, net	(12)	33	(56)
Foreign Derived Intangible Income (FDII)	(214)	(121)	(83)
Effective Income Tax Rate Reconciliation, Change in U.K. Enacted Tax Rate, Amount	0	73	8
Other	10	72	54
Effective income tax rate	$ 700	$ 786	$ 575

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Insurance and employee benefits	$ 1,126	$ 1,831
Inventory and contract balances	639	756
Warranty provisions	242	248
Capitalization of research and experimental expenditures	1,712	0
Other asset basis differences	828	878
Tax loss carryforwards	305	251
Tax credit carryforwards	970	1,088
Deferred Tax Assets, Valuation Allowance	(842)	(825)
Future Income Tax Benefits	4,980	4,227
Deferred Tax Liabilities Intangible Assets	6,588	7,168
Fixed assets	1,751	1,746
Other items, net	220	323
Future Income Taxes Payable	$ 8,559	$ 9,237

Income Taxes (Tax Carryforwards

Income Taxes (Tax Carryforwards) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Tax Credit Carryforward [Line Items]
Tax Credit Carryforwards	$ 970
Tax Loss Carryforwards	2,141
Expiration Period Current To Five Years [Member]
Tax Credit Carryforward [Line Items]
Tax Credit Carryforwards	54
Tax Loss Carryforwards	292
Expiration Period Six To Ten Years [Member]
Tax Credit Carryforward [Line Items]
Tax Credit Carryforwards	73
Tax Loss Carryforwards	174
Expiration Period Eleven To Twenty Years [Member]
Tax Credit Carryforward [Line Items]
Tax Credit Carryforwards	337
Tax Loss Carryforwards	318
Expiration Period Indefinite [Member]
Tax Credit Carryforward [Line Items]
Tax Credit Carryforwards	506
Tax Loss Carryforwards	$ 1,357

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Apr. 30, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Uncertainties [Abstract]
Balance at January 1		$ 1,458	$ 1,225	$ 1,347
Additions for tax positions related to the current year		106	110	125
Additions for tax positions of prior years		23	282	323
Reductions for tax positions of prior years		(56)	(49)	(83)
Settlements		(16)	(110)	(48)
Separation of Carrier and Otis	$ (439)	0	0	(439)
Balance at December 31		1,515	1,458	1,225
Gross interest expense related to unrecognized tax benefits		34	39	50
Total accrued interest balance at December 31	$ 165	$ 190	$ 165	$ 141

Financial Instruments (Details)

Financial Instruments (Details) € in Millions, $ in Millions	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount		$ 11,200	$ 8,500
Notes 2.150% Due 2030
Derivatives, Fair Value [Line Items]
Long-term debt, euro-denominated | €	€ 500
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives designated as hedging instruments - assets		67	59
Derivatives not designated as hedging instruments - assets		17	11
Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives designated as hedging instruments - liabilities		347	202
Derivatives not designated as hedging instruments - liabilities		$ 39	$ 11

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Hierarchy) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities held in trusts	$ 774	$ 965
Derivative Assets	84	70
Derivative Liability	386	213
Marketable securities held in trusts	774	965
Level 1 | Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities held in trusts	713	890
Derivative Assets	0	0
Derivative Liability	0	0
Level 2 | Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities held in trusts	61	75
Derivative Assets	84	70
Derivative Liability	386	213
Level 3 | Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities held in trusts	0	0
Derivative Assets	0	0
Derivative Liability	$ 0	$ 0

Fair Value Measurements (Fair_2

Fair Value Measurements (Fair Value Techniques) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Customer Financing Notes Receivable	$ 161	$ 192
Long-term debt (excluding capitalized leases)	28,049	35,828
Portion at Other than Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Customer Financing Notes Receivable	169	195
Long-term debt (excluding capitalized leases)	31,201	31,250
Level 1 | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Customer Financing Notes Receivable	0	0
Long-term debt (excluding capitalized leases)	0	0
Level 2 | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Customer Financing Notes Receivable	161	192
Long-term debt (excluding capitalized leases)	28,003	35,778
Level 3 | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Customer Financing Notes Receivable	0	0
Long-term debt (excluding capitalized leases)	$ 46	$ 50

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Total Current Assets	$ 42,443	$ 42,050
Total Assets	158,864	161,404
Total Current Liabilities	39,114	35,449
Total Liabilities	$ 84,650	86,705
International Aero Engines AG [Member]
Variable Interest Entity [Line Items]
Variable Interest Entity, Qualitative of Quantitative Information, Net Percentage	61%
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	49.50%
International Aero Engines LLC [Member]
Variable Interest Entity [Line Items]
Variable Interest Entity, Qualitative of Quantitative Information, Net Percentage	59%
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	59%
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Total Current Assets	$ 7,609	7,081
Assets, Noncurrent	779	825
Total Assets	8,388	7,906
Total Current Liabilities	9,154	7,965
Liabilities, Noncurrent	19	54
Total Liabilities	$ 9,173	$ 8,019

Guarantees (Details)

Guarantees (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Guarantee Obligations [Line Items]
Balance as of January 1	$ 1,157	$ 1,057	$ 1,033
Warranties and performance guarantees issued	264	380	311
Settlements	(284)	(272)	(292)
Other	(28)	(8)	5
Balance as of December 31	1,109	1,157	$ 1,057
Commercial Aerospace Financing Arrangements
Guarantee Obligations [Line Items]
Maximum Potential Payment	304	309
Carrying Amount of Liability	0	3
Third Party Guarantees
Guarantee Obligations [Line Items]
Maximum Potential Payment	335	511
Carrying Amount of Liability	1	5
Commercial Aerospace [Member]
Guarantee Obligations [Line Items]
Partner Share of Guarantor Obligations, Maximum Exposure, Undiscounted	140	141
Guarantee Type, Other
Guarantee Obligations [Line Items]
Carrying Amount of Liability	$ 97	$ 120

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Accrual For Environmental Loss Contingencies	$ 798	$ 834
Commercial Aerospace financing and other contractual commitments	15,300	$ 15,600
Other Commitment	11,300
Other Financing Arrangements [Member]
Loss Contingencies [Line Items]
Other Commitment	3,300
2019 U. S. Defense Contract Management Agency Claim Against Pratt Whitney Domain [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	1,730
Loss Contingency, Interest	843
U.S. Defense Contract Management Agency Claim Against Pratt & Whitney [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	177
Loss Contingency, Interest	132
U. S. Defense Contract Management Agency Claim Against Pratt Whitney Second Claim [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	269
Loss Contingency, Interest	96
Department of Justice Claim Against Raytheon Missiles & Defense
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 290

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Commercial Aerospace Industry Commitments) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Loss Contingencies [Line Items]
Other Commitment	$ 11,300
Commercial Aerospace [Member]
Loss Contingencies [Line Items]
Commercial aerospace financing commitments, total committed	4,559
Commercial aerospace financing commitments within one year	1,559
Commercial aerospace financing commitments within two years	1,405
Commercial aerospace financing commitments within three years	980
Commercial aerospace financing commitments within four years	556
Commercial aerospace financing commitments within five years	59
Commercial aerospace financing commitments after five years	0
Other Commitment	10,710
Other commercial aerospace commitments within one year	1,147
Other commercial aerospace commitments within two years	883
Other commercial aerospace commitments within three years	794
Other commercial aerospace commitments within four years	695
Other commercial aerospace commitments within five years	717
Other commercial aerospace commitments after five years	6,474
Collaboration partners' share, total committed	(5,905)
Collaboration partners' share within one year	(915)
Collaboration partner share, two years	(863)
Collaboration partner share, three years	(714)
Collaboration partner share, four years	(535)
Collaboration partner share, five years	(331)
Collaboration partner share, after five years	(2,547)
Commercial aerospace commitments, Total	9,364
Total commercial aerospace commitments, current	1,791
Total commercial aerospace commitments, two years	1,425
Total commercial aerospace commitments, three years	1,060
Total commercial aerospace commitments, four years	716
Total commercial aerospace commitments, five years	445
Total commercial aerospace commitments, after five years	$ 3,927

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Summary of Changes in AOCI) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (1,005)	$ 49	$ 710	$ (3,211)
Other comprehensive (loss) income, net - Foreign Currency Translation	(1,050)	(647)	609
Amounts reclassified, pretax - Foreign Currency Translation	2	0	0
Tax benefit (expense)	(6)	(14)	25
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Impact of Separation of Carrier and Otis, net of Tax			3,287
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	(782)	(1,828)	(4,483)	(6,772)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment and Tax	1,225	3,210	1,842
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax	129	258	373
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(308)	(813)	(510)
Other Comprehensive Income (Loss), Defined Benefit Plan, Impact of Separation of Carrier and Otis, net of Tax			584
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax	(231)	(136)	39	(166)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	(246)	(226)	181
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	103	(28)	82
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	48	79	(62)
Other Comprehensive Income (Loss), Cash Flow Hedge, Impact of Separation of Carrier and Otis, net of Tax			4
Accumulated Other Comprehensive Income (Loss), Net of Tax	(2,018)	(1,915)	(3,734)	$ (10,149)
Other comprehensive (loss) income before reclassifications, net	(71)	2,337	2,632
Amounts reclassified, pretax	234	230	455
Other Comprehensive Income (Loss), Tax	$ 266	$ 748	547
Other Comprehensive Income (Loss), Impact of Separation of Carrier and Otis, net of Tax			$ 3,875

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	134.8
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	81.2
Share-based Payment Arrangement, Expense, Tax Benefit	$ 91	$ 83	$ 63
Proceeds from Stock Options Exercised	20	7	15
Share-based Payment Arrangement, Exercise of Option, Tax Benefit	32	42	48
Employee Service Share Based Compensation Tax Benefit Realized From Vesting Of Performance Share Units	80	44	58
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 329
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 1 month 6 days
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vested In Period Total Fair Value	$ 346	$ 287	$ 284
Separation Related Transactions [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	21.5
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 97.76
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 96.15	$ 73.75	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested	$ 427	$ 256	$ 295
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 94.06
Stock Options/Stock Appreciation Rights SARS [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 21.80	$ 15.60	$ 23.37
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 110	$ 54	$ 206

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock-Based Compensation Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Total compensation cost recognized	$ 420	$ 442	$ 330

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule of Stock Options Roll Forward) (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	1,657	1,849
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	102
Exercised/earned, Shares	(283)
Cancelled, Shares	(11)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 80.67	$ 78.36
Granted, Average Price	94.04
Exercised/Earned, Average Price	70.20
Cancelled, Average Price	$ 94.04
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	32,032	33,061
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 94.06
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	3,225
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 70.53
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(3,827)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 86.34
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(427)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 81.04	$ 78.62
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	2,150	1,265
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 96.15	$ 73.75	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	990
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 80.53
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(1)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 85.06
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(104)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 83.52	$ 73.75
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	9,757	11,443
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 97.76
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	3,441
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 62.03
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(4,476)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 78.38
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(651)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 78.40	$ 66.18

Stock-Based Compensation (Share

Stock-Based Compensation (Share-Based Compensation Arrangements by Share Based Payment Award) (Details) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Awards Vested and Expected to Vest, Awards | shares	1,654
Equity Awards Vested and Expected to Vest, Average Price | $ / shares	$ 80.61
Equity Awards Vested and Expected to Vest, Average Intrinsic Value | $	$ 34
Equity Awards Vested and Expected to Vest, Remaining Term	5 years 4 months 9 days
Equity Awards That Are Exercisable, Awards | shares	1,182
Equity Awards That Are Exercisable, Average Price | $ / shares	$ 77.13
Equity Awards That Are Exercisable, Aggregate Intrinsic Value | $	$ 28
Equity Awards That Are Exercisable, Remaining Term	4 years 5 months 19 days
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Outstanding, Number | shares	31,896
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ / shares	$ 81.01
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $	$ 635
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	5 years 6 months 21 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Exercisable, Number | shares	22,118
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Exercisable, Weighted Average Exercise Price | $ / shares	$ 77.68
Equity Awards That Are Exercisable, Aggregate Intrinsic Value | $	$ 514
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Exercisable, Weighted Average Remaining Contractual Term	4 years 6 months 7 days
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Outstanding, Number | shares	2,105
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ / shares	$ 83.41
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $	$ 212
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	1 year 5 months 23 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Outstanding, Number | shares	9,417
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ / shares	$ 78.02
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $	$ 950
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	1 year 6 months 14 days

Stock-Based Compensation (Sch_2

Stock-Based Compensation (Schedule of valuation assumptions) (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Volatility	27.90%	29.90%	18.80%
Weighted-average volatility	28%	30%	19%
Expected term (in years)	6 years 6 months	6 years 6 months	6 years 6 months
Expected dividend yield	2.20%	2.60%	1.90%
Risk-free rate, maximum	2.10%	1.20%	1.60%
Risk-free rate, minimum	0.02%	0.04%	1.40%

Segment Financial Data (Segment

Segment Financial Data (Segment Information) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales		$ 67,074	$ 64,388	$ 56,587
Operating Income (Loss)		$ 5,414	$ 4,958	$ (1,889)
Operating Profit Margin		8.10%	7.70%	(3.30%)
Goodwill, Impairment Loss	$ 3,200	$ 0	$ 0	$ 3,183
Total Assets		158,864	161,404
Capital Expenditures		2,288	2,134	1,795
Depreciation & Amortization		4,108	4,557	4,156
Operating Segments
Segment Reporting Information [Line Items]
Net sales		70,302	67,318	58,552
Operating Income (Loss)		$ 6,279	$ 6,050	$ 2,802
Operating Profit Margin		8.90%	9%	4.80%
Total Assets		$ 152,261	$ 151,289
Capital Expenditures		2,184	1,957	$ 1,701
Depreciation & Amortization		2,008	1,890	1,847
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales		(3,228)	(2,930)	(1,965)
Operating Income (Loss)		(174)	(133)	(107)
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Net sales		0	0	0
Operating Income (Loss)		(318)	(552)	(590)
Total Assets		6,603	10,115
Capital Expenditures		104	177	94
Depreciation & Amortization		99	152	155
Collins Aerospace Systems [Member]
Segment Reporting Information [Line Items]
Net sales		20,597	18,449	19,288
Operating Income (Loss)		$ 2,343	$ 1,759	$ 1,466
Operating Profit Margin		11.40%	9.50%	7.60%
Goodwill, Impairment Loss	$ 3,200			$ 3,200
Total Assets		$ 67,030	$ 67,564
Capital Expenditures		655	665	638
Depreciation & Amortization		742	728	736
Collins Aerospace Systems [Member] | Operating Segments
Segment Reporting Information [Line Items]
Net sales		18,956	16,990	17,910
Collins Aerospace Systems [Member] | Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales		1,641	1,459	1,378
Pratt and Whitney [Member]
Segment Reporting Information [Line Items]
Net sales		20,530	18,150	16,799
Operating Income (Loss)		$ 1,075	$ 454	$ (564)
Operating Profit Margin		5.20%	2.50%	(3.40%)
Total Assets		$ 36,205	$ 33,414
Capital Expenditures		949	700	$ 565
Depreciation & Amortization		724	642	729
Pratt and Whitney [Member] | Operating Segments
Segment Reporting Information [Line Items]
Net sales		20,527	18,150	16,790
Pratt and Whitney [Member] | Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales		3	0	9
Raytheon Intelligence & Space
Segment Reporting Information [Line Items]
Net sales		14,312	15,180	11,069
Operating Income (Loss)		$ 1,342	$ 1,833	$ 1,020
Operating Profit Margin		9.40%	12.10%	9.20%
Total Assets		$ 21,174	$ 21,545
Capital Expenditures		320	305	$ 218
Depreciation & Amortization		209	187	154
Raytheon Intelligence & Space | Operating Segments
Segment Reporting Information [Line Items]
Net sales		12,955	13,944	10,141
Raytheon Intelligence & Space | Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales		1,357	1,236	928
Raytheon Missiles & Defense
Segment Reporting Information [Line Items]
Net sales		14,863	15,539	11,396
Operating Income (Loss)		$ 1,519	$ 2,004	$ 880
Operating Profit Margin		10.20%	12.90%	7.70%
Total Assets		$ 27,852	$ 28,766
Capital Expenditures		260	287	$ 280
Depreciation & Amortization		333	333	228
Raytheon Missiles & Defense | Operating Segments
Segment Reporting Information [Line Items]
Net sales		14,626	15,289	11,219
Raytheon Missiles & Defense | Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales		237	250	177
FAS/CAS Operating Adjustment
Segment Reporting Information [Line Items]
Net sales		0	0	0
Operating Income (Loss)		1,520	1,796	1,106
Acquisition Accounting Adjustments
Segment Reporting Information [Line Items]
Net sales		0	0	0
Operating Income (Loss)		(1,893)	(2,203)	(5,100)
Depreciation & Amortization		$ 2,001	$ 2,515	$ 2,154

Segment Financial Data (Geograp

Segment Financial Data (Geographic External Sales by Origin and Long-Lived Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net sales	$ 67,074	$ 64,388	$ 56,587
Long-Lived Assets	15,170	14,972
UNITED STATES
Net sales	41,190	40,011	34,560
Long-Lived Assets	12,162	11,731
UNITED STATES | Sales by origin
Net sales	57,869	55,837	48,560
Europe [Member]
Net sales	11,111	9,598	8,856
Long-Lived Assets	1,132	1,255
Europe [Member] | Sales by origin
Net sales	3,874	3,630	3,696
Asia Pacific [Member]
Net sales	8,057	7,969	7,644
Long-Lived Assets	801	854
Asia Pacific [Member] | Sales by origin
Net sales	1,778	1,748	1,574
Middle East And North Africa
Net sales	3,599	4,379	3,443
Long-Lived Assets	113	129
Middle East And North Africa | Sales by origin
Net sales	173	136	103
Other Geographic Regions [Member]
Net sales	3,117	2,431	2,084
Long-Lived Assets	962	1,003
Other Geographic Regions [Member] | Sales by origin
Net sales	$ 3,380	$ 3,037	$ 2,654

Segment Financial Data (Disaggr

Segment Financial Data (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue from External Customer [Line Items]
Net sales	$ 67,074	$ 64,388	$ 56,587
U S Government Sales Excluding Foreign Military Sales
Revenue from External Customer [Line Items]
Net sales	30,317	31,177	25,962
Foreign Military Sales Through The U S Government
Revenue from External Customer [Line Items]
Net sales	5,042	5,546	4,585
Foreign Government Direct Commercial Sales
Revenue from External Customer [Line Items]
Net sales	4,327	4,993	3,974
Commercial Aerospace And Other Commercial
Revenue from External Customer [Line Items]
Net sales	$ 27,388	$ 22,672	$ 22,066
Airbus [Member]
Revenue from External Customer [Line Items]
Percentage of Total Net Sales	14%	12%	13%
Operating Segments
Revenue from External Customer [Line Items]
Net sales	$ 70,302	$ 67,318	$ 58,552
Intersegment Eliminations
Revenue from External Customer [Line Items]
Net sales	(3,228)	(2,930)	(1,965)
UNITED STATES
Revenue from External Customer [Line Items]
Net sales	41,190	40,011	34,560
Europe [Member]
Revenue from External Customer [Line Items]
Net sales	11,111	9,598	8,856
Asia Pacific [Member]
Revenue from External Customer [Line Items]
Net sales	8,057	7,969	7,644
Middle East And North Africa
Revenue from External Customer [Line Items]
Net sales	3,599	4,379	3,443
Other Geographic Regions [Member]
Revenue from External Customer [Line Items]
Net sales	3,117	2,431	2,084
Products [Member]
Revenue from External Customer [Line Items]
Net sales	50,773	49,270	43,319
Services [Member]
Revenue from External Customer [Line Items]
Net sales	16,301	15,118	13,268
Collins Aerospace Systems [Member]
Revenue from External Customer [Line Items]
Net sales	20,597	18,449	19,288
Collins Aerospace Systems [Member] | U S Government Sales Excluding Foreign Military Sales
Revenue from External Customer [Line Items]
Net sales	4,337	4,685	5,159
Collins Aerospace Systems [Member] | Foreign Military Sales Through The U S Government
Revenue from External Customer [Line Items]
Net sales	238	168	218
Collins Aerospace Systems [Member] | Foreign Government Direct Commercial Sales
Revenue from External Customer [Line Items]
Net sales	978	1,095	923
Collins Aerospace Systems [Member] | Commercial Aerospace And Other Commercial
Revenue from External Customer [Line Items]
Net sales	13,403	11,042	11,610
Collins Aerospace Systems [Member] | Operating Segments
Revenue from External Customer [Line Items]
Net sales	18,956	16,990	17,910
Collins Aerospace Systems [Member] | Intersegment Eliminations
Revenue from External Customer [Line Items]
Net sales	1,641	1,459	1,378
Collins Aerospace Systems [Member] | UNITED STATES
Revenue from External Customer [Line Items]
Net sales	9,847	9,341	10,132
Collins Aerospace Systems [Member] | Europe [Member]
Revenue from External Customer [Line Items]
Net sales	5,374	4,421	4,643
Collins Aerospace Systems [Member] | Asia Pacific [Member]
Revenue from External Customer [Line Items]
Net sales	2,021	1,851	1,810
Collins Aerospace Systems [Member] | Middle East And North Africa
Revenue from External Customer [Line Items]
Net sales	474	462	421
Collins Aerospace Systems [Member] | Other Geographic Regions [Member]
Revenue from External Customer [Line Items]
Net sales	1,240	915	904
Collins Aerospace Systems [Member] | Products [Member]
Revenue from External Customer [Line Items]
Net sales	14,857	13,404	14,664
Collins Aerospace Systems [Member] | Services [Member]
Revenue from External Customer [Line Items]
Net sales	4,099	3,586	3,246
Pratt and Whitney [Member]
Revenue from External Customer [Line Items]
Net sales	20,530	18,150	16,799
Pratt and Whitney [Member] | U S Government Sales Excluding Foreign Military Sales
Revenue from External Customer [Line Items]
Net sales	5,272	5,140	5,193
Pratt and Whitney [Member] | Foreign Military Sales Through The U S Government
Revenue from External Customer [Line Items]
Net sales	1,115	1,273	1,229
Pratt and Whitney [Member] | Foreign Government Direct Commercial Sales
Revenue from External Customer [Line Items]
Net sales	474	541	583
Pratt and Whitney [Member] | Commercial Aerospace And Other Commercial
Revenue from External Customer [Line Items]
Net sales	13,666	11,196	9,785
Pratt and Whitney [Member] | Operating Segments
Revenue from External Customer [Line Items]
Net sales	20,527	18,150	16,790
Pratt and Whitney [Member] | Intersegment Eliminations
Revenue from External Customer [Line Items]
Net sales	3	0	9
Pratt and Whitney [Member] | UNITED STATES
Revenue from External Customer [Line Items]
Net sales	10,433	9,034	8,534
Pratt and Whitney [Member] | Europe [Member]
Revenue from External Customer [Line Items]
Net sales	4,211	3,488	2,726
Pratt and Whitney [Member] | Asia Pacific [Member]
Revenue from External Customer [Line Items]
Net sales	3,775	3,885	4,024
Pratt and Whitney [Member] | Middle East And North Africa
Revenue from External Customer [Line Items]
Net sales	450	441	505
Pratt and Whitney [Member] | Other Geographic Regions [Member]
Revenue from External Customer [Line Items]
Net sales	1,658	1,302	1,001
Pratt and Whitney [Member] | Products [Member]
Revenue from External Customer [Line Items]
Net sales	12,411	11,189	10,186
Pratt and Whitney [Member] | Services [Member]
Revenue from External Customer [Line Items]
Net sales	8,116	6,961	6,604
Raytheon Intelligence & Space
Revenue from External Customer [Line Items]
Net sales	14,312	15,180	11,069
Raytheon Intelligence & Space | Fixed-price Contract
Revenue from External Customer [Line Items]
Net sales	5,357	6,338	4,526
Raytheon Intelligence & Space | Time-and-materials Contract
Revenue from External Customer [Line Items]
Net sales	7,598	7,606	5,615
Raytheon Intelligence & Space | U S Government Sales Excluding Foreign Military Sales
Revenue from External Customer [Line Items]
Net sales	11,221	11,844	8,512
Raytheon Intelligence & Space | Foreign Military Sales Through The U S Government
Revenue from External Customer [Line Items]
Net sales	604	825	640
Raytheon Intelligence & Space | Foreign Government Direct Commercial Sales
Revenue from External Customer [Line Items]
Net sales	827	844	740
Raytheon Intelligence & Space | Commercial Aerospace And Other Commercial
Revenue from External Customer [Line Items]
Net sales	303	431	249
Raytheon Intelligence & Space | Operating Segments
Revenue from External Customer [Line Items]
Net sales	12,955	13,944	10,141
Raytheon Intelligence & Space | Intersegment Eliminations
Revenue from External Customer [Line Items]
Net sales	1,357	1,236	928
Raytheon Intelligence & Space | UNITED STATES
Revenue from External Customer [Line Items]
Net sales	11,418	12,126	8,704
Raytheon Intelligence & Space | Europe [Member]
Revenue from External Customer [Line Items]
Net sales	418	434	307
Raytheon Intelligence & Space | Asia Pacific [Member]
Revenue from External Customer [Line Items]
Net sales	747	771	637
Raytheon Intelligence & Space | Middle East And North Africa
Revenue from External Customer [Line Items]
Net sales	231	469	410
Raytheon Intelligence & Space | Other Geographic Regions [Member]
Revenue from External Customer [Line Items]
Net sales	141	144	83
Raytheon Intelligence & Space | Products [Member]
Revenue from External Customer [Line Items]
Net sales	10,261	10,735	7,775
Raytheon Intelligence & Space | Services [Member]
Revenue from External Customer [Line Items]
Net sales	2,694	3,209	2,366
Raytheon Missiles & Defense
Revenue from External Customer [Line Items]
Net sales	14,863	15,539	11,396
Raytheon Missiles & Defense | Fixed-price Contract
Revenue from External Customer [Line Items]
Net sales	8,763	9,406	7,080
Raytheon Missiles & Defense | Time-and-materials Contract
Revenue from External Customer [Line Items]
Net sales	5,863	5,883	4,139
Raytheon Missiles & Defense | U S Government Sales Excluding Foreign Military Sales
Revenue from External Customer [Line Items]
Net sales	9,477	9,493	6,896
Raytheon Missiles & Defense | Foreign Military Sales Through The U S Government
Revenue from External Customer [Line Items]
Net sales	3,085	3,280	2,498
Raytheon Missiles & Defense | Foreign Government Direct Commercial Sales
Revenue from External Customer [Line Items]
Net sales	2,048	2,513	1,725
Raytheon Missiles & Defense | Commercial Aerospace And Other Commercial
Revenue from External Customer [Line Items]
Net sales	16	3	100
Raytheon Missiles & Defense | Operating Segments
Revenue from External Customer [Line Items]
Net sales	14,626	15,289	11,219
Raytheon Missiles & Defense | Intersegment Eliminations
Revenue from External Customer [Line Items]
Net sales	237	250	177
Raytheon Missiles & Defense | UNITED STATES
Revenue from External Customer [Line Items]
Net sales	9,482	9,495	6,906
Raytheon Missiles & Defense | Europe [Member]
Revenue from External Customer [Line Items]
Net sales	1,108	1,255	1,031
Raytheon Missiles & Defense | Asia Pacific [Member]
Revenue from External Customer [Line Items]
Net sales	1,514	1,462	1,132
Raytheon Missiles & Defense | Middle East And North Africa
Revenue from External Customer [Line Items]
Net sales	2,444	3,007	2,077
Raytheon Missiles & Defense | Other Geographic Regions [Member]
Revenue from External Customer [Line Items]
Net sales	78	70	73
Raytheon Missiles & Defense | Products [Member]
Revenue from External Customer [Line Items]
Net sales	13,234	13,927	10,232
Raytheon Missiles & Defense | Services [Member]
Revenue from External Customer [Line Items]
Net sales	1,392	1,362	987
Other Segments [Member]
Revenue from External Customer [Line Items]
Net sales	0	0	0
Other Segments [Member] | U S Government Sales Excluding Foreign Military Sales
Revenue from External Customer [Line Items]
Net sales	10	15	202
Other Segments [Member] | Foreign Military Sales Through The U S Government
Revenue from External Customer [Line Items]
Net sales	0	0	0
Other Segments [Member] | Foreign Government Direct Commercial Sales
Revenue from External Customer [Line Items]
Net sales	0	0	3
Other Segments [Member] | Commercial Aerospace And Other Commercial
Revenue from External Customer [Line Items]
Net sales	0	0	322
Other Segments [Member] | Operating Segments
Revenue from External Customer [Line Items]
Net sales	10	15	527
Other Segments [Member] | Intersegment Eliminations
Revenue from External Customer [Line Items]
Net sales	(3,238)	(2,945)	(2,492)
Other Segments [Member] | UNITED STATES
Revenue from External Customer [Line Items]
Net sales	10	15	284
Other Segments [Member] | Europe [Member]
Revenue from External Customer [Line Items]
Net sales	0	0	149
Other Segments [Member] | Asia Pacific [Member]
Revenue from External Customer [Line Items]
Net sales	0	0	41
Other Segments [Member] | Middle East And North Africa
Revenue from External Customer [Line Items]
Net sales	0	0	30
Other Segments [Member] | Other Geographic Regions [Member]
Revenue from External Customer [Line Items]
Net sales	0	0	23
Other Segments [Member] | Products [Member]
Revenue from External Customer [Line Items]
Net sales	10	15	462
Other Segments [Member] | Services [Member]
Revenue from External Customer [Line Items]
Net sales	$ 0	$ 0	$ 65