Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in our goodwill balances for the year ended December 31, 2023 were as follows:

(dollars in millions)	Balance as of December 31, 2022		Acquisitions and Divestitures		Foreign currency translation and other		Balance as of December 31, 2023
Collins Aerospace	$	32,846	$	(3)	$	292	$	33,135
Pratt & Whitney	1,563		—		—		1,563
Raytheon (1)	19,414		(430)		—		18,984
Total Segments	53,823		(433)		292		53,682
Eliminations and other	17		—		—		17
Total	$	53,840	$	(433)	$	292	$	53,699

(1)     The $430 million reduction in Acquisition and Divestitures reflects the reclassification of goodwill to held for sale assets as a result of our definitive agreement to sell our CIS business. See “Note 2: Acquisitions and Dispositions” for additional information.

Schedule of Finite-Lived Intangible Assets

Identifiable intangible assets are comprised of the following:

	2023				2022
(dollars in millions)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized:
Collaboration assets	$	5,810	$	(1,688)	$	5,536	$	(1,408)
Exclusivity assets	3,460		(352)		2,911		(323)
Developed technology and other	1,219		(635)		1,202		(544)
Customer relationships	29,605		(10,683)		29,775		(8,967)
	40,094		(13,358)		39,424		(11,242)
Indefinite-lived:
Trademarks and other	8,663		—		8,641		—
Total	$	48,757	$	(13,358)	$	48,065	$	(11,242)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following is the expected amortization of intangible assets for 2024 through 2028:

(dollars in millions)	2024	2025	2026	2027	2028
Amortization expense	$2,193	$2,079	$2,005	$1,887	$1,811