$RTX

RTX Corp

CIK:0000101829|SEC Filings

Condensed Consolidated Statement of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Net Sales:
Total net sales	$ 24,708	$ 21,581	$ 46,784	$ 41,887
Costs and Expenses:
Research and development	726	697	1,353	1,334
Selling, general, and administrative	1,658	1,573	3,134	3,021
Total costs and expenses	21,959	19,475	41,544	37,750
Other income, net	62	40	126	44
Operating profit	2,811	2,146	5,366	4,181
Non-operating expense (income), net:
Non-service pension income	(348)	(351)	(703)	(717)
Interest expense, net	417	457	807	900
Total non-operating expense, net	69	106	104	183
Income before income taxes	2,742	2,040	5,262	3,998
Income tax expense	493	315	856	648
Net income	2,249	1,725	4,406	3,350
Less: Noncontrolling interest in subsidiaries’ earnings	110	68	208	158
Net income attributable to common shareowners	$ 2,139	$ 1,657	$ 4,198	$ 3,192
Earnings Per Share attributable to common shareowners:
Basic (in dollars per share)	$ 1.58	$ 1.24	$ 3.11	$ 2.38
Diluted (in dollars per share)	$ 1.57	$ 1.22	$ 3.08	$ 2.36
Products
Net Sales:
Total net sales	$ 17,944	$ 15,551	$ 33,709	$ 30,142
Costs and Expenses:
Cost of sales	14,802	12,989	27,802	25,272
Services
Net Sales:
Total net sales	6,764	6,030	13,075	11,745
Costs and Expenses:
Cost of sales	$ 4,773	$ 4,216	$ 9,255	$ 8,123

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities:
Net income	$ 4,406	$ 3,350
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization	2,150	2,128
Deferred income tax (benefit) provision	(30)	121
Stock compensation cost	296	224
Net periodic pension and other postretirement income	(616)	(636)
Share-based 401(k) matching contributions	339	307
Change in:
Accounts receivable	1,094	(1,137)
Contract assets	(1,942)	(1,190)
Inventory	(1,143)	(1,197)
Other current assets	(422)	(100)
Accounts payable and accrued liabilities	947	(141)
Contract liabilities	292	343
Other operating activities, net	31	(309)
Net cash flows provided by operating activities	5,402	1,763
Investing Activities:
Capital expenditures	(1,215)	(1,043)
Increase in other intangible assets	(156)	(226)
Receipts from settlements of derivative contracts, net	1	145
Other investing activities, net	(182)	(63)
Net cash flows used in investing activities	(1,552)	(1,187)
Financing Activities:
Repayment of long-term debt	(524)	(789)
Change in commercial paper, net (Note 9)	0	1,432
Dividends paid	(1,898)	(1,750)
Repurchase of common stock	0	(50)
Other financing activities, net	(487)	(252)
Net cash flows used in financing activities	(2,909)	(1,409)
Effect of foreign exchange rate changes on cash and cash equivalents	(19)	54
Net increase (decrease) in cash, cash equivalents, and restricted cash	922	(779)
Cash, cash equivalents, and restricted cash, beginning of period	7,470	5,606
Cash, cash equivalents, and restricted cash, end of period	8,392	4,827
Less: Restricted cash, included in Other assets, current and Other assets	87	45
Cash and cash equivalents, end of period	$ 8,305	$ 4,782

Condensed Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 8,305	$ 7,435
Accounts receivable, net	13,942	14,701
Contract assets, net	18,980	17,092
Inventory, net	14,409	13,364
Other assets, current	8,276	7,740
Total current assets	63,912	60,332
Customer financing assets	1,902	2,132
Fixed assets	36,106	35,335
Accumulated depreciation	(19,141)	(18,467)
Fixed assets, net	16,965	16,868
Operating lease right-of-use assets	1,727	1,887
Goodwill	52,928	53,343
Intangible assets, net	31,043	31,845
Other assets	5,495	4,672
Total assets	173,972	171,079
Current Liabilities
Short-term borrowings	229	204
Accounts payable	16,998	15,895
Accrued employee compensation	2,356	3,308
Other accrued liabilities	15,695	14,350
Contract liabilities	22,671	21,615
Long-term debt currently due	5,296	3,412
Total current liabilities	63,245	58,784
Long-term debt	31,858	34,288
Operating lease liabilities, non-current	1,473	1,602
Future pension and postretirement benefit obligations	1,956	2,067
Other long-term liabilities	7,296	7,200
Total liabilities	105,828	103,941
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest	28	36
Shareowners’ Equity:
Common stock	38,424	38,126
Treasury stock	(26,758)	(26,881)
Retained earnings	58,020	56,718
Accumulated other comprehensive loss	(3,309)	(2,718)
Total shareowners’ equity	66,377	65,245
Noncontrolling interest	1,739	1,857
Total equity	68,116	67,102
Total liabilities, redeemable noncontrolling interest, and equity	$ 173,972	$ 171,079