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Acquisitions, Dispositions, Goodwill and Other Intangible Assets Business Acquisitions, Dispositions, Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2020
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]  
Schedule of Goodwill [Table Text Block] Changes in our goodwill balances for the nine months ended September 30, 2020 were as follows:
(dollars in millions)Balance as of
January 1, 2020		Acquisitions and DivestituresImpairment LossesForeign Currency Translation and OtherBalance as of September 30, 2020
Collins Aerospace Systems(1)
$35,025 $(890)$(3,183)$190 $31,142 
Pratt & Whitney1,563 — — — 1,563 
Raytheon Intelligence & Space— 8,781 — 2 8,783 
Raytheon Missiles & Defense— 11,540 — 2 11,542 
Total Segments36,588 19,431 (3,183)194 53,030 
Eliminations and other21 472 — 1 494 
Total$36,609 $19,903 $(3,183)$195 $53,524 
(1)    The change in Acquisitions and Divestitures is primarily driven by the sales of the Collins Aerospace businesses described above.
Schedule of Indefinite-Lived Intangible Assets [Table Text Block] Identifiable intangible assets are comprised of the following:
 September 30, 2020December 31, 2019
(dollars in millions)Gross AmountAccumulated
Amortization		Gross AmountAccumulated
Amortization
Amortized:
Patents and trademarks$47 $(34)$47 $(34)
Collaboration assets4,982 (1,001)4,862 (920)
Exclusivity assets2,476 (281)2,386 (275)
Developed technology and other1,691 (339)890 (217)
Customer relationships30,007 (4,694)17,750 (3,392)
$39,203 $(6,349)$25,935 $(4,838)
Unamortized:
Trademarks and other8,710 — 3,376 — 
Total$47,913 $(6,349)$29,311 $(4,838)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] The following is the expected amortization of intangible assets for the years 2020 through 2025. 
(dollars in millions)Remaining 202020212022202320242025
Amortization expense$631 $2,523 $1,989 $2,101 $2,166 $2,030 
Raytheon Company [Member]  
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]  
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block] The results below reflect Raytheon Technologies on a continuing basis, in order to more accurately represent the structure of Raytheon Technologies after completion of the Separation Transactions and the Raytheon Merger.
 Quarter Ended September 30,Nine Months Ended September 30,
(dollars in millions, except per share amounts)2020201920202019
Net sales$14,747 $18,752 $47,668 $54,790 
Income (loss) from continuing operations attributable to common shareowners174 1,817 (2,328)5,065 
Basic earnings (loss) per share of common stock from continuing operations$0.12 $1.20 $(1.54)$3.36 
Diluted earnings (loss) per share of common stock from continuing operations0.11 1.20 (1.54)3.34 
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.
 Quarter Ended September 30,Nine Months Ended September 30,
(dollars in millions)2020201920202019
Amortization of acquired Raytheon Company intangible assets, net (1)
$— $(261)$(270)$(787)
Amortization of fixed asset fair value adjustment (2)
— (9)(9)(28)
Utilization of contractual customer obligation (3)
— 15 8 44 
Deferred revenue fair value adjustment (4)
— (8)(4)(25)
Adjustment to non-service pension (income) expense (5)
— 208 239 623 
RTC/Raytheon fees for advisory, legal, accounting services (6)
23 38 119 (119)
Adjustment to interest expense related to the Raytheon Merger, net (7)
— 9 9 27 
Elimination of deferred commission amortization (8)
— 5 5 15 
$23 $(3)$97 $(250)
(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 preliminary 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.
Schedule of Noncash or Part Noncash Acquisitions
Total consideration is calculated as follows:
(dollars, in millions, except per share amounts and exchange ratio)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 awards99 
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, 2020277.3
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 consideration277.7
Exchange ratio (2)
2.3348
Shares of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards648.4
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
(dollars, in millions)
Cash and cash equivalents$3,208 
Accounts receivable1,997 
Inventory705 
Contract assets6,023 
Other assets, current930 
Future income tax benefits14 
Fixed assets4,732 
Intangible assets:19,130 
Customer relationships12,900 
Tradenames/trademarks5,430 
Developed technology800 
Other assets2,139 
Total identifiable assets acquired38,878 
Accounts payable1,455 
Accrued liabilities3,237 
Contract liabilities2,991 
Long-term debt, including current portion4,700 
Future pension and postretirement benefit obligation10,641 
Other long-term liabilities3,455 
Total liabilities acquired26,479 
Total identifiable net assets12,399 
Goodwill20,801 
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)Estimated
Fair Value		Estimated
Life
Acquired customer relationships$12,900 
25 years
Acquired tradenames5,430 Indefinite
Acquired developed technology800 
5 to 7 years
Total identifiable intangible assets $19,130