Discontinued — last reported Q3 '24
FAS/CAS Operating Adjustment — Operating Income (Loss)
Raytheon Technologies FAS/CAS Operating Adjustment — Operating Income (Loss) decreased by 0.9% to $210.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 22.8%, from $272.00M to $210.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase represents a favorable variance where CAS-recoverable costs exceed FAS-reported expenses, while a decrease indicates a negative impact on operating margins due to pension or benefit accounting mismatches.
Detailed definition
This metric captures the net impact of the difference between pension and post-retirement benefit costs calculated under...
Peer comparison
Commonly reported by major defense prime contractors as a 'FAS/CAS adjustment' line item to explain the variance between GAAP operating income and contract-based profitability.
rtx_segment_fas_cas_operating_adjustment_operating_income_lossHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $425.00M | $499.00M | $378.00M | $379.00M | $348.00M | $289.00M | $284.00M | $272.00M | $214.00M | $212.00M | $210.00M |
| QoQ Change | — | +17.4% | -24.2% | +0.3% | -8.2% | -17.0% | -1.7% | -4.2% | -21.3% | -0.9% | -0.9% |
| YoY Change | — | — | — | -10.8% | -30.3% | -23.5% | -25.1% | -21.8% | -26.0% | -25.4% | -22.8% |
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Frequently Asked Questions
- What is Raytheon Technologies's fas/cas operating adjustment — operating income (loss)?
- Raytheon Technologies (RTX) reported fas/cas operating adjustment — operating income (loss) of $210.00M in Q3 2024.
- How has Raytheon Technologies's fas/cas operating adjustment — operating income (loss) changed year-over-year?
- Raytheon Technologies's fas/cas operating adjustment — operating income (loss) decreased by 22.8% year-over-year, from $272.00M to $210.00M.
- What does fas/cas operating adjustment — operating income (loss) mean?
- The net operating profit or loss impact resulting from the difference between financial accounting and government-mandated cost accounting for pension and benefit obligations.