Income StatementBalance SheetCash FlowSegments
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Raytheon Technologies Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Raytheon Technologies holds $170.43B in total assets. Shareholders' equity is $66.3B against $39.2B in total debt. Cash and equivalents total $6.9B. The current ratio is 1.02 and debt-to-equity is 0.591. Based on the Q1 2026 filing.

Total Assets$170.43BTotal Stockholders Equity$66.3BLong Term Debt$37.2BCash And Equivalents$6.9BTotal Current Assets$60.0BTotal Current Liabilities$58.6B
Latest FilingQ1 2026
Report Date2026-04-21
Market Cap$238.38B
P/E Ratio32.85
ROE11.36%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$12.9B$13.4B$13.4B$14.6B$15.9B$16.0B
Accrued Environmental Liabilities$800.0M$800.0M$800.0M$800.0M$800.0M$800.0M
Accrued Manufacturing Costs$2.6B$1.9B$2.1B$2.9B$3.3B$2.0B
Compensation and benefits$2.6B$1.9B$2.1B$2.9B$3.3B$2.0B
Current portion of long-term debt$183.0M$212.0M$1.6B$215.0M$204.0M$226.0M
Current Portion of Long-Term Debt and Finance Lease Obligations$2.4B$2.8B$2.1B$584.0M$3.4B$4.2B
Deferred revenue$18.6B$19.0B$19.2B$20.1B$21.6B$21.9B
Derivative Liabilities - Fair Value$451.0M———$265.0M$311.0M
Short-term borrowings$183.0M$212.0M$1.6B$215.0M$204.0M$226.0M
Total current liabilities$51.5B$52.6B$54.3B$53.2B$58.8B$58.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$11.0B$11.4B$12.4B$12.8B$14.7B$12.9B
Allowance for Doubtful Accounts$289.0M$325.0M$337.0M$340.0M$340.0M$348.0M
Cash and cash equivalents$5.6B$5.2B$4.8B$6.0B$7.5B$6.9B
Contract assets$14.6B$15.2B$15.7B$16.6B$17.1B$18.1B
Finished goods$4.1B$4.3B$4.6B$4.4B$4.1B$4.2B
Short- term Investments$786.0M$682.0M$679.0M$713.0M$750.0M$694.0M
Other current assets$7.2B$7.5B$7.8B$7.9B$7.7B$8.0B
Derivative assets$187.0M———$436.0M$303.0M
Raw materials$4.2B$4.5B$4.6B$4.6B$4.7B$5.0B
Work in process$4.5B$4.9B$4.8B$4.8B$4.6B$4.9B
Inventories$12.8B$13.6B$14.0B$13.8B$13.4B$14.2B
Restricted cash$28.0M$36.0M$45.0M$38.0M$35.0M$53.0M
Short-term investments$786.0M$682.0M$679.0M$713.0M$750.0M$694.0M
Total current assets$51.1B$52.9B$54.7B$57.1B$60.3B$60.0B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Notional Principal Outstanding$17.0B$18.0B$21.0B$24.0B$26.0B$26.0B
Cumulative Cost Basis$32.8B$33.3B$33.9B$34.4B$35.3B$35.7B
Projected Benefit Obligation for Plans with ABO in Excess of Assets$3.3B———$3.3B—
Gross Assets/Liabilities$451.0M———$265.0M$311.0M
Line of Credit Remaining Borrowing Capacity$700.0M———$600.0M—
Accounts receivable————$15.0B$13.3B
Accounts Receivable, after Allowance for Credit Loss$11.0B$11.4B$12.4B$12.8B$14.7B$12.9B
Accrual for Environmental Loss Contingencies$800.0M$800.0M$800.0M$800.0M$800.0M$800.0M
Accounts Receivable, Allowance for Credit Loss$289.0M$325.0M$337.0M$340.0M$340.0M$348.0M
Allowance for doubtful accounts$289.0M———$340.0M—
Collaborators interests existing programs high end$0.5———$0.5—
Collaborators interests existing programs low end$0.1———$0.1—
Commercial paper borrowings outstanding$0.0$0.0$1.4B$0.0$0.0$0.0
Common stock, par value (in dollars per share)$1.0———$1.0—
Common stock, shares authorized (in shares)$4.0B———$4.0B—
Common stock, shares issued (in shares)$1.7B———$1.7B—
Construction work in progress$3.7B———$3.9B—
Contract with Customer, Asset, Allowance for Credit Loss, Current————$676.0M$397.0M
Revenue recognized in advance of customer billings$30.2B———$35.0B—
Contract assets————$17.8B$18.5B
Contracts with Customer, Asset and Liabilities, Net-$4.0B-$3.8B-$3.5B-$3.5B-$4.5B-$3.9B
Long-term debt, gross$41.1B$41.2B$40.4B$38.9B$37.8B$37.3B
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$68.0M$70.0M$73.0M$75.0M$77.0M$80.0M
Deferred Tax Assets, Net of Valuation Allowance$5.3B———$4.8B—
Powder Metal Matter$455.0M———$226.0M—
Deferred Tax Assets, Valuation Allowance$1.4B———$1.4B—
Deferred Tax Liabilities, Net$8.1B———$8.3B—
Deferred Tax Liabilities, Other$627.0M———$629.0M—
Deferred Tax Liabilities Regulatory Assets And Liabilities$1.6B———$1.7B—
Future pension and postretirement benefit obligations$2.1B$2.1B$2.0B$2.0B$2.1B$2.0B
Salary scale, pension benefit obligation4.4%———4.4%—
Less: Fair value of plan assets at end of period$46.4B———$45.1B—
Fair value of plan assets$1.6B———$1.7B—
Derivative Liability$451.0M———$265.0M$311.0M
Notional$17.0B$18.0B$21.0B$24.0B$26.0B$26.0B
Unrecognized compensation cost related to non-vested awards$300.0M———$340.0M—
Financing and other contractual commitments$14.0B$13.9B$13.6B$13.3B$13.0B$13.0B
Finite-Lived Intangible Assets, Accumulated Amortization$15.5B$16.0B$16.3B$16.8B$17.4B$17.9B
2028$2.0B$1.9B$1.9B$1.9B$1.9B$1.8B
2030$1.8B$1.7B$1.7B$1.7B$1.6B$1.6B
2031$1.7B$1.6B$1.6B$1.6B$1.6B$1.5B
Remainder of 2026—$1.6B$1.1B$545.0M—$1.5B
2027$2.1B$2.0B$2.0B$2.0B$2.0B$1.9B
2029$1.9B$1.8B$1.8B$1.8B$1.8B$1.6B
Gross Carrying Amount$40.4B$40.6B$40.6B$40.6B$40.7B$40.9B
Trademarks$8.5B$8.5B$8.5B$8.5B$8.5B$8.5B
Indefinite- lived intangible impairment$48.9B$49.1B$49.1B$49.1B$49.2B$49.3B
Long-Term Debt and Lease Obligation$38.7B$38.2B$38.3B$38.3B$34.3B$33.0B
Less: current maturities$2.4B$2.8B$2.1B$584.0M$3.4B$4.2B
2028$4.5B———$2.9B—
2029$2.9B———$3.5B—
2029$922.0M———$1.6B—
2030$3.5B———$922.0M—
Thereafter$27.0B———$25.4B—
2027$2.3B———$3.4B—
Noncontrolling interests in subsidiaries$1.8B$1.8B$1.8B$1.8B$1.9B$1.7B
Long-Lived Assets$16.1B———$16.9B—
Other accrued liabilities$14.8B$15.2B$15.9B$14.8B$14.4B$14.2B
Other (including finance leases)$232.0M$223.0M$192.0M$190.0M$146.0M$143.0M
Partner share individual program maximum$0.3———$0.3—
Current pension and PRB liabilities (included in Accrued employee compensation)$256.0M$257.0M$257.0M$257.0M$228.0M$227.0M
Preferred Stock, Par or Stated Value Per Share$1.0———$1.0—
Preferred Stock, Shares Authorized$250.0M———$250.0M—
Preferred Stock, Shares Issued$0.0———$0.0—
Preferred Stock, Shares Outstanding$0.0———$0.0—
Standard and Extended Product Warranty Accrual$993.0M$1.0B$1.0B$1.0B$1.0B$1.0B
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$218.0B$217.0B$236.0B$251.0B$268.0B$271.0B
RPO percentage—————25.0%
Incentive stock program, shares reserved for future grants (in shares)$116.0M———$101.0M—
Shares reserved for awards to employees and outside directors (in shares)$231.0M———$231.0M—
Tax Loss and Other Carryforwards————$5.9B—
Treasury stock, shares (in shares)$386.6M———$383.0M—
Unbilled balances$374.0M———$411.0M—
Unrecognized tax benefits$1.3B———$1.2B—
Amount that if recognized, would affect the effective tax rate or regulatory liability$1.3B———$1.2B—
Remainder of Fiscal Year 2024—$1.6B$1.1B$545.0M—$1.5B
Unrecorded Unconditional Purchase Obligation - Due After Year Five$263.0M———$186.0M—

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$3.8B-$3.2B-$2.4B-$2.4B-$2.7B-$2.9B
Common Stock Par Value Per Share$1.00———$1.00—
Common Stock Shares Issued1.7B———1.7B—
Convertible Preferred Stock Authorized Shares250M———250M—
Convertible Preferred Stock Issued Shares0———0—
Convertible Preferred Stock Outstanding Shares0———0—
Common stock$37.4B$37.5B$37.7B$37.9B$38.1B$38.2B
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0———$0.0—
Treasury Stock, Value$27.1B$27.1B$27.0B$26.9B$26.9B$26.8B
ESOP Allocated Shares23M—————
Preferred stock$0.0———$0.0—
Preferred Stock Par Value Per Share$1.00———$1.00—
Redeemable noncontrolling interests$35.0M$37.0M$41.0M$34.0M$36.0M$37.0M
Retained earnings$53.6B$54.3B$54.1B$56.0B$56.7B$57.9B
Share-Based Payment - Unrecognized Cost of Nonvested Awards$300.0M———$340.0M—
Shares Reserved for Future Issuance Under Stock Plans116M———101M—
Total liabilities and stockholders' equity$162.9B$164.9B$167.1B$168.7B$171.1B$170.4B
Total stockholders' equity$60.2B$61.5B$62.4B$64.5B$65.2B$66.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Maturity - 2027$922.0M———$1.6B—
Debt Maturity - Thereafter$27.0B———$25.4B—
Deferred tax liabilities$627.0M———$629.0M—
Long-term debt$41.1B$41.1B$40.3B$38.8B$37.7B$37.2B
Long-Term Debt and Finance Lease Obligations$38.7B$38.2B$38.3B$38.3B$34.3B$33.0B
Retirement and nonpension postretirement benefit obligations$2.1B$2.1B$2.0B$2.0B$2.1B$2.0B
Operating lease liabilities, non-current$1.6B$1.6B$1.6B$1.7B$1.6B$1.5B
Other Debt Including Capitalized Leases$232.0M$223.0M$192.0M$190.0M$146.0M$143.0M
Other non-current liabilities$6.9B$6.9B$6.6B$7.2B$7.2B$7.3B
Total Carrying Value of Debt$41.1B$41.2B$40.4B$38.9B$37.8B$37.3B
Total liabilities$100.9B$101.5B$102.9B$102.3B$103.9B$102.4B
Unrecognized Tax Benefits$1.3B———$1.2B—
Unrecognized Tax Benefits - Impacting Effective Tax Rate$1.3B———$1.2B—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$8.1B$67.0M$54.0M$477.0M$963.0M$26.0M
Deferred Tax Assets and Other Non-Current Assets$5.3B$5.6B$6.2B$5.7B$4.7B$5.0B
Deferred Tax Assets - Tax Credit Carryforwards$800.0M———$963.0M—
Equipment Installment Plan Receivables (Non-Current), Net$2.2B$2.1B$2.1B$2.1B$2.1B$2.0B
Goodwill$52.8B$53.0B$53.3B$53.3B$53.3B$53.3B
Indefinite-Lived Intangible Assets$8.5B$8.5B$8.5B$8.5B$8.5B$8.5B
Indefinite-Lived Intangible Assets, Gross$8.5B$8.5B$8.5B$8.5B$8.5B$8.5B
Indefinite-Lived Research and Development Assets$8.5B$8.5B$8.5B$8.5B$8.5B$8.5B
Indefinite-Lived Trademarks$8.5B$8.5B$8.5B$8.5B$8.5B$8.5B
Net Investment in Lease$1.9B$1.9B$1.9B$1.9B$1.9B$1.8B
Net Operating Loss Carryforwards$1.1B———$1.1B—
Other intangible assets—net$33.4B$33.1B$32.7B$32.3B$31.8B$31.5B
Machinery and equipment$19.7B———$21.6B—
Long-term financing receivables (net of allowances of $27 in 2026 and $34 in 2025)$2.2B$2.1B$2.1B$2.1B$2.1B$2.0B
Operating lease right-of-use assets$1.9B$1.9B$1.9B$1.9B$1.9B$1.8B
Other non-current assets$5.3B$5.6B$6.2B$5.7B$4.7B$5.0B
Property, plant and equipment at cost$32.8B$33.3B$33.9B$34.4B$35.3B$35.7B
Operating Lease Right-of-Use Assets in Other Assets$1.9B$1.9B$1.9B$1.9B$1.9B$1.8B
Accumulated depreciation$16.7B$17.2B$17.7B$18.0B$18.5B$18.8B
Buildings and improvements$8.6B———$9.2B—
Construction in progress$3.7B———$3.9B—
Land$695.0M———$710.0M—
Machinery and equipment$19.7B———$21.6B—
Property and equipment, net$16.1B$16.1B$16.2B$16.3B$16.9B$16.8B
Software and Technology Licenses, Net$5.3B$5.6B$6.2B$5.7B$4.7B$5.0B
Tax Credit Carryforward Valuation Allowance$1.4B———$1.4B—
Total assets$162.9B$164.9B$167.1B$168.7B$171.1B$170.4B