CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Current assets
Cash and cash equivalents	$ 3,296	$ 3,188
Short-term investments	1,001	856
Contracts in process, net	4,870	4,543
Inventories	363	381
Deferred taxes	24	96
Prepaid expenses and other current assets	262	182
Total current assets	9,816	9,246
Property, plant and equipment, net	1,937	1,986
Deferred taxes	66	1,367
Goodwill	12,764	12,756
Other assets, net	1,384	1,331
Total assets	25,967	26,686
Current liabilities
Advance payments and billings in excess of costs incurred	2,350	2,398
Accounts payable	1,178	1,348
Accrued employee compensation	1,068	1,014
Other accrued expenses	1,214	1,142
Total current liabilities	5,810	5,902
Accrued retiree benefits and other long-term liabilities	3,903	7,854
Deferred taxes	323	9
Long-term debt	4,734	4,731
Commitments and contingencies (Note 10)
Raytheon Company stockholders’ equity
Common stock, par value, $0.01 per share, 1,450 shares authorized, 315 and 328 shares outstanding at 2013 and 2012, respectively.	3	3
Additional paid-in capital	1,972	2,928
Accumulated other comprehensive loss	(5,113)	(7,788)
Retained earnings	14,173	12,883
Total Raytheon Company stockholders’ equity	11,035	8,026
Noncontrolling interests in subsidiaries	162	164
Total equity	11,197	8,190
Total liabilities and equity	$ 25,967	$ 26,686