Segment Financial Data (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Results for the quarters ended March 31, 2021 and 2020 are as follows:

	Net Sales				Operating Profit				Operating Profit Margins
(dollars in millions)	2021		2020		2021		2020		2021		2020
Collins Aerospace Systems	$	4,370	$	6,438	$	314	$	1,246	7.2	%	19.4	%
Pratt & Whitney	4,030		5,353		20		475		0.5	%	8.9	%
Raytheon Intelligence & Space	3,765		—		388		—		10.3	%	—	%
Raytheon Missiles & Defense	3,793		—		496		—		13.1	%	—	%
Total segment	15,958		11,791		1,218		1,721		7.6	%	14.6	%
Eliminations and other(1)	(707)		(431)		(31)		(25)
Corporate expenses and other unallocated items (2)	—		—		(81)		(130)
FAS/CAS operating adjustment	—		—		423		—
Acquisition accounting adjustments	—		—		(516)		(271)
Consolidated	$	15,251	$	11,360	$	1,013	$	1,295	6.6	%	11.4	%

(1)    Includes the operating results of certain smaller non-reportable business segments.

(2)    The net expenses related to the U.S. Army’s Lower Tier Air and Missile Defense Sensor (LTAMDS) project of $58 million in the quarter ended March 31, 2021 are included in Corporate operating profit as they are not included in management’s evaluation of business segment results. No amounts were recorded in the quarter ended March 31, 2020.

Disaggregation of Revenue

Segment sales disaggregated by geographic region for the quarters ended March 31, 2021 and 2020 are as follows:

	2021												2020
(dollars in millions)	Collins Aerospace Systems		Pratt & Whitney		Raytheon Intelligence & Space		Raytheon Missiles & Defense		Other		Total		Collins Aerospace Systems		Pratt & Whitney		Raytheon Intelligence & Space		Raytheon Missiles & Defense		Other		Total
United States	$	2,242	$	2,159	$	2,965	$	2,357	$	7	$	9,730	$	3,144	$	2,355	$	—	$	—	$	5	$	5,504
Asia Pacific	405		793		204		370		—		1,772		604		1,421		—		—		—		2,025
Middle East and North Africa	95		104		133		660		—		992		143		172		—		—		—		315
Europe	1,079		626		114		327		1		2,147		1,745		1,017		—		—		—		2,762
Canada and All Other	217		348		29		16		—		610		372		382		—		—		—		754
Consolidated net sales	4,038		4,030		3,445		3,730		8		15,251		6,008		5,347		—		—		5		11,360
Inter-segment sales	332		—		320		63		(715)		—		430		6		—		—		(436)		—
Business segment sales	$	4,370	$	4,030	$	3,765	$	3,793	$	(707)	$	15,251	$	6,438	$	5,353	$	—	$	—	$	(431)	$	11,360

Segment sales disaggregated by customer for the quarters ended March 31, 2021 and 2020 are as follows:

	2021												2020
(dollars in millions)	Collins Aerospace Systems		Pratt & Whitney		Raytheon Intelligence & Space		Raytheon Missiles & Defense		Other		Total		Collins Aerospace Systems		Pratt & Whitney		Raytheon Intelligence & Space		Raytheon Missiles & Defense		Other		Total
U.S. government (1)	$	1,222	$	1,262	$	2,900	$	2,357	$	7	$	7,748	$	1,289	$	1,239	$	—	$	—	$	—	$	2,528
Foreign military sales through the U.S. government	40		242		208		805		—		1,295		55		271		—		—		—		326
Foreign government direct commercial sales	245		139		229		567		—		1,180		225		138		—		—		—		363
Commercial aerospace and other commercial	2,531		2,387		108		1		1		5,028		4,439		3,699		—		—		5		8,143
Consolidated net sales	4,038		4,030		3,445		3,730		8		15,251		6,008		5,347		—		—		5		11,360
Inter-segment sales	332		—		320		63		(715)		—		430		6		—		—		(436)		—
Business segment sales	$	4,370	$	4,030	$	3,765	$	3,793	$	(707)	$	15,251	$	6,438	$	5,353	$	—	$	—	$	(431)	$	11,360

(1)    Excludes foreign military sales through the U.S. government.

Segment sales disaggregated by sales type for the quarters ended March 31, 2021 and 2020 are as follows:

	2021												2020
(dollars in millions)	Collins Aerospace Systems		Pratt & Whitney		Raytheon Intelligence & Space		Raytheon Missiles & Defense		Other		Total		Collins Aerospace Systems		Pratt & Whitney		Raytheon Intelligence & Space		Raytheon Missiles & Defense		Other		Total
Product	$	3,182	$	2,423	$	2,676	$	3,375	$	8	$	11,664	$	4,905	$	3,255	$	—	$	—	$	5	$	8,165
Service	856		1,607		769		355		—		3,587		1,103		2,092		—		—		—		3,195
Consolidated net sales	4,038		4,030		3,445		3,730		8		15,251		6,008		5,347		—		—		5		11,360
Inter-segment sales	332		—		320		63		(715)		—		430		6		—		—		(436)		—
Business segment sales	$	4,370	$	4,030	$	3,765	$	3,793	$	(707)	$	15,251	$	6,438	$	5,353	$	—	$	—	$	(431)	$	11,360

RIS and RMD segment sales disaggregated by contract type for the quarter ended March 31, 2021 are as follows:

	2021
(dollars in millions)	Raytheon Intelligence & Space		Raytheon Missiles & Defense
Fixed-price	$	1,471	$	2,251
Cost-type	1,974		1,479
Consolidated net sales	$	3,445	$	3,730