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Segment Financial Data (Tables)
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment Results for the quarters ended September 30, 2022 and 2021 are as follows:
Net SalesOperating ProfitOperating Profit Margins
(dollars in millions)202220212022202120222021
Collins Aerospace Systems$5,100 $4,592 $616 $478 12.1 %10.4 %
Pratt & Whitney5,380 4,725 316 187 5.9 %4.0 %
Raytheon Intelligence & Space3,626 3,740 371 391 10.2 %10.5 %
Raytheon Missiles & Defense3,678 3,902 408 490 11.1 %12.6 %
Total segment17,784 16,959 1,711 1,546 9.6 %9.1 %
Eliminations and other(1)
(833)(746)(50)(27)
Corporate expenses and other unallocated items (2)
— — (77)(89)
FAS/CAS operating adjustment— — 378 499 
Acquisition accounting adjustments— — (482)(586)
Consolidated$16,951 $16,213 $1,480 $1,343 8.7 %8.3 %
(1)    Includes the operating results of certain smaller non-reportable business segments.
(2)    Includes the net expenses related to the U.S. Army’s Lower Tier Air and Missile Defense Sensor (LTAMDS) project.
Results for the nine months ended September 30, 2022 and 2021 are as follows:
Net SalesOperating ProfitOperating Profit Margins
(dollars in millions)202220212022202120222021
Collins Aerospace Systems$14,935 $13,507 $1,602 $1,298 10.7 %9.6 %
Pratt & Whitney14,878 13,035 769 319 5.2 %2.4 %
Raytheon Intelligence & Space10,768 11,310 1,064 1,194 9.9 %10.6 %
Raytheon Missiles & Defense10,763 11,680 1,143 1,518 10.6 %13.0 %
Total segment51,344 49,532 4,578 4,329 8.9 %8.7 %
Eliminations and other (1)
(2,363)(2,188)(131)(98)
Corporate expenses and other unallocated items (2)
— — (255)(319)
FAS/CAS operating adjustment— — 1,135 1,347 
Acquisition accounting adjustments— — (1,414)(1,621)
Consolidated$48,981 $47,344 $3,913 $3,638 8.0 %7.7 %
(1)    Includes the operating results of certain smaller non-reportable business segments.
(2)    Includes the net expenses related to the U.S. Army’s LTAMDS project.
Disaggregation of Revenue
Segment sales disaggregated by geographic region for the quarters ended September 30, 2022 and 2021 are as follows:
20222021
(dollars in millions)Collins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotalCollins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotal
United States$2,455 $2,756 $2,922 $2,285 $4 $10,422 $2,334 $2,367 $2,977 $2,414 $4 $10,096 
Europe1,231 1,074 102 256 — 2,663 1,066 943 107 297 (5)2,408 
Asia Pacific533 1,028 187 412 — 2,160 465 1,007 199 335 — 2,006 
Middle East and North Africa132 160 48 638 — 978 136 127 105 772 — 1,140 
Canada and All Other310 360 31 27 — 728 226 281 39 17 — 563 
Consolidated net sales4,661 5,378 3,290 3,618 4 16,951 4,227 4,725 3,427 3,835 (1)16,213 
Inter-segment sales439 2 336 60 (837)— 365 — 313 67 (745)— 
Business segment sales$5,100 $5,380 $3,626 $3,678 $(833)$16,951 $4,592 $4,725 $3,740 $3,902 $(746)$16,213 
Segment sales disaggregated by geographic region for the nine months ended September 30, 2022 and 2021 are as follows:
20222021
(dollars in millions)Collins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotalCollins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotal
United States$7,162 $7,630 $8,640 $6,897 $8 $30,337 $6,899 $6,665 $8,962 $7,156 $15 $29,697 
Europe3,815 3,010 312 776 — 7,913 3,207 2,376 339 949 — 6,871 
Asia Pacific1,485 2,726 540 1,074 — 5,825 1,340 2,771 608 1,061 — 5,780 
Middle East and North Africa363 350 191 1,772 — 2,676 346 316 370 2,267 — 3,299 
Canada and All Other908 1,160 105 57 — 2,230 646 907 94 50 — 1,697 
Consolidated net sales13,733 14,876 9,788 10,576 8 48,981 12,438 13,035 10,373 11,483 15 47,344 
Inter-segment sales1,202 2 980 187 (2,371)— 1,069 — 937 197 (2,203)— 
Business segment sales$14,935 $14,878 $10,768 $10,763 $(2,363)$48,981 $13,507 $13,035 $11,310 $11,680 $(2,188)$47,344 
Segment sales disaggregated by type of customer for the quarters ended September 30, 2022 and 2021 are as follows:
20222021
(dollars in millions)Collins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotalCollins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotal
U.S. government (1)
$1,066 $1,324 $2,877 $2,284 $4 $7,555 $1,101 $1,295 $2,923 $2,414 $4 $7,737 
Foreign military sales through the U.S. government57 295 135 788 — 1,275 54 322 210 778 — 1,364 
Foreign government direct commercial sales205 116 204 539 — 1,064 258 126 216 642 — 1,242 
Commercial aerospace and other commercial3,333 3,643 74 7 — 7,057 2,814 2,982 78 1 (5)5,870 
Consolidated net sales4,661 5,378 3,290 3,618 4 16,951 4,227 4,725 3,427 3,835 (1)16,213 
Inter-segment sales439 2 336 60 (837)— 365 — 313 67 (745)— 
Business segment sales$5,100 $5,380 $3,626 $3,678 $(833)$16,951 $4,592 $4,725 $3,740 $3,902 $(746)$16,213 
(1)    Excludes foreign military sales through the U.S. government.
Segment sales disaggregated by type of customer for the nine months ended September 30, 2022 and 2021 are as follows:
20222021
(dollars in millions)Collins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotalCollins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotal
U.S. government(1)
$3,140 $3,915 $8,494 $6,895 $8 $22,452 $3,470 $3,748 $8,767 $7,155 $15 $23,155 
Foreign military sales through the U.S. government164 796 444 2,228 — 3,632 119 961 627 2,449 — 4,156 
Foreign government direct commercial sales719 335 620 1,444 — 3,118 804 392 662 1,877 — 3,735 
Commercial aerospace and other commercial9,710 9,830 230 9 — 19,779 8,045 7,934 317 2 — 16,298 
Consolidated net sales13,733 14,876 9,788 10,576 8 48,981 12,438 13,035 10,373 11,483 15 47,344 
Inter-segment sales1,202 2 980 187 (2,371)— 1,069 — 937 197 (2,203)— 
Business segment sales$14,935 $14,878 $10,768 $10,763 $(2,363)$48,981 $13,507 $13,035 $11,310 $11,680 $(2,188)$47,344 
(1)    Excludes foreign military sales through the U.S. government.
Segment sales disaggregated by sales type for the quarters ended September 30, 2022 and 2021 are as follows:
20222021
(dollars in millions)Collins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotalCollins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotal
Products$3,669 $3,183 $2,637 $3,263 $4 $12,756 $3,336 $2,877 $2,613 $3,506 $(1)$12,331 
Services992 2,195 653 355 — 4,195 891 1,848 814 329 — 3,882 
Consolidated net sales4,661 5,378 3,290 3,618 4 16,951 4,227 4,725 3,427 3,835 (1)16,213 
Inter-segment sales439 2 336 60 (837)— 365 — 313 67 (745)— 
Business segment sales$5,100 $5,380 $3,626 $3,678 $(833)$16,951 $4,592 $4,725 $3,740 $3,902 $(746)$16,213 
Segment sales disaggregated by sales type for the nine months ended September 30, 2022 and 2021 are as follows:
20222021
(dollars in millions)Collins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotalCollins Aerospace SystemsPratt & WhitneyRaytheon Intelligence & SpaceRaytheon Missiles & DefenseOtherTotal
Products $10,728 $8,798 $7,805 $9,537 $8 $36,876 $9,867 $7,882 $7,964 $10,446 $15 $36,174 
Services 3,005 6,078 1,983 1,039 — 12,105 2,571 5,153 2,409 1,037 — 11,170 
Consolidated net sales13,733 14,876 9,788 10,576 8 48,981 12,438 13,035 10,373 11,483 15 47,344 
Inter-segment sales1,202 2 980 187 (2,371)— 1,069 — 937 197 (2,203)— 
Business segment sales$14,935 $14,878 $10,768 $10,763 $(2,363)$48,981 $13,507 $13,035 $11,310 $11,680 $(2,188)$47,344 
RIS and RMD segment sales disaggregated by contract type for the quarters ended September 30, 2022 and 2021 are as follows:
20222021
(dollars in millions)Raytheon Intelligence & SpaceRaytheon Missiles & DefenseRaytheon Intelligence & SpaceRaytheon Missiles & Defense
Fixed-price$1,369 $2,127 $1,506 $2,401 
Cost-type1,921 1,491 1,921 1,434 
Consolidated net sales3,290 3,618 3,427 3,835 
Inter-segment sales336 60 313 67 
Business segment sales$3,626 $3,678 $3,740 $3,902 
RIS and RMD segment sales disaggregated by contract type for the nine months ended September 30, 2022 and 2021 are as follows:
20222021
(dollars in millions)Raytheon Intelligence & SpaceRaytheon Missiles & DefenseRaytheon Intelligence & SpaceRaytheon Missiles & Defense
Fixed-price$4,062 $6,245 $4,533 $7,054 
Cost-type5,726 4,331 5,840 4,429 
Consolidated net sales9,788 10,576 10,373 11,483 
Inter-segments sales980 187 937 197 
Business segment sales$10,768 $10,763 $11,310 $11,680