Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill [Line Items]

Schedule of Goodwill

Changes in our goodwill balances for the quarter ended March 31, 2024 were as follows:

(dollars in millions)	Balance as of December 31, 2023		Acquisitions and Divestitures		Foreign Currency Translation and Other		Balance as of March 31, 2024
Collins Aerospace	$	33,135	$	—	$	(57)	$	33,078
Pratt & Whitney	1,563		—		—		1,563
Raytheon	18,984		—		2		18,986
Total Segments	53,682		—		(55)		53,627
Eliminations and other	17		—		—		17
Total	$	53,699	$	—	$	(55)	$	53,644

Schedule of Indefinite-Lived Intangible Assets

Identifiable intangible assets are comprised of the following:

	March 31, 2024				December 31, 2023
(dollars in millions)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized:
Collaboration assets	$	5,879	$	(1,747)	$	5,810	$	(1,688)
Exclusivity assets	3,516		(356)		3,460		(352)
Developed technology and other	1,211		(649)		1,219		(635)
Customer relationships	29,564		(11,115)		29,605		(10,683)
	40,170		(13,867)		40,094		(13,358)
Indefinite-lived:
Trademarks and other	8,657		—		8,663		—
Total	$	48,827	$	(13,867)	$	48,757	$	(13,358)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following is the expected amortization of intangible assets for the remainder of 2024 through 2029: 

(dollars in millions)	Remaining 2024		2025		2026		2027		2028		2029
Amortization expense	$	1,687	$	2,087	$	2,012	$	1,891	$	1,813	$	1,604