Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in our goodwill balances for the quarter ended March 31, 2025 were as follows:

(dollars in millions)	Balance as of December 31, 2024		Acquisitions and Divestitures		Foreign Currency Translation and Other		Balance as of March 31, 2025
Collins Aerospace	$	32,223	$	—	$	256	$	32,479
Pratt & Whitney	1,563		—		—		1,563
Raytheon	18,986		—		—		18,986
Total Segments	52,772		—		256		53,028
Eliminations and other	17		—		—		17
Total	$	52,789	$	—	$	256	$	53,045

Schedule of Indefinite-Lived Intangible Assets

Identifiable intangible assets are comprised of the following:

	March 31, 2025				December 31, 2024
(dollars in millions)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized:
Collaboration assets	$	6,197	$	(2,058)	$	6,159	$	(1,996)
Exclusivity assets	3,793		(371)		3,692		(361)
Developed technology and other	1,203		(722)		1,197		(698)
Customer relationships	29,440		(12,840)		29,388		(12,401)
	40,633		(15,991)		40,436		(15,456)
Indefinite-lived:
Trademarks and other	8,474		—		8,463		—
Total	$	49,107	$	(15,991)	$	48,899	$	(15,456)

Schedule of Finite-Lived Intangible Assets

Identifiable intangible assets are comprised of the following:

	March 31, 2025				December 31, 2024
(dollars in millions)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized:
Collaboration assets	$	6,197	$	(2,058)	$	6,159	$	(1,996)
Exclusivity assets	3,793		(371)		3,692		(361)
Developed technology and other	1,203		(722)		1,197		(698)
Customer relationships	29,440		(12,840)		29,388		(12,401)
	40,633		(15,991)		40,436		(15,456)
Indefinite-lived:
Trademarks and other	8,474		—		8,463		—
Total	$	49,107	$	(15,991)	$	48,899	$	(15,456)

Schedule of Finite-Lived Intangible Assets Expected Future Amortization Expense

The following is the expected amortization of intangible assets for the remainder of 2025 through 2030: 

(dollars in millions)	Remaining 2025		2026		2027		2028		2029		2030
Amortization expense	$	1,594	$	2,005	$	1,894	$	1,820	$	1,686	$	1,634