Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

RTX Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 3, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	4,782)	5,157)	5,578)	6,682)	6,011)	5,607)	6,587)	5,456)	5,391)	5,893)	6,220)	5,381)	4,767)	6,040)	7,832)	7,476)	8,051)	8,579)	8,802)	10,001)	6,975)	8,001)
Accounts receivable, net	12,385)	11,426)	10,976)	10,097)	10,252)	10,280)	10,838)	10,058)	9,903)	10,069)	9,108)	9,233)	10,394)	9,076)	9,661)	9,538)	8,912)	10,037)	9,254)	10,115)	9,496)	13,104)
Contract assets, net	15,686)	15,241)	14,570)	14,684)	13,581)	13,104)	12,139)	12,696)	12,970)	12,729)	11,534)	12,297)	11,836)	11,566)	11,361)	10,899)	10,485)	10,238)	9,931)	9,617)	9,943)	4,549)
Inventory, net	14,012)	13,618)	12,768)	13,465)	13,047)	12,386)	11,777)	12,050)	11,997)	11,327)	10,617)	10,443)	10,142)	9,749)	9,178)	9,426)	9,548)	9,498)	9,411)	9,843)	10,256)	11,506)
Other assets, current	7,792)	7,474)	7,241)	6,836)	6,334)	6,646)	7,076)	6,258)	5,654)	5,486)	4,964)	4,467)	4,323)	4,309)	4,018)	4,653)	3,883)	4,200)	5,978)	3,935)	5,604)	1,715)
Current assets	54,657)	52,916)	51,133)	51,764)	49,225)	48,023)	48,417)	46,518)	45,915)	45,504)	42,443)	41,821)	41,462)	40,740)	42,050)	41,992)	40,879)	42,552)	43,376)	43,511)	42,274)	38,875)
Customer financing assets	2,104)	2,135)	2,246)	2,306)	2,320)	2,359)	2,392)	2,452)	2,457)	2,543)	2,603)	2,618)	2,675)	2,766)	2,848)	2,960)	3,063)	3,079)	3,144)	3,314)	3,363)	3,496)
Future income tax benefits	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	699)	732)	1,444)
Fixed assets	33,947)	33,348)	32,783)	32,711)	32,062)	31,623)	31,392)	30,554)	30,175)	29,536)	29,116)	28,201)	27,990)	27,815)	27,637)	27,116)	26,959)	26,554)	26,346)	25,600)	25,118)	25,544)
Accumulated depreciation	(17,742)	(17,213)	(16,694)	(16,825)	(16,369)	(15,985)	(15,644)	(15,207)	(14,880)	(14,387)	(13,946)	(13,533)	(13,249)	(12,978)	(12,665)	(12,599)	(12,294)	(11,812)	(11,384)	(10,870)	(10,313)	(13,060)
Fixed assets, net	16,205)	16,135)	16,089)	15,886)	15,693)	15,638)	15,748)	15,347)	15,295)	15,149)	15,170)	14,668)	14,741)	14,837)	14,972)	14,517)	14,665)	14,742)	14,962)	14,730)	14,805)	12,484)
Operating lease right-of-use assets	1,869)	1,899)	1,864)	1,846)	1,664)	1,639)	1,638)	1,755)	1,812)	1,844)	1,829)	1,802)	1,866)	1,911)	1,958)	1,876)	1,900)	1,913)	1,880)	2,027)	2,102)	2,624)
Goodwill	53,327)	53,045)	52,789)	53,759)	53,347)	53,644)	53,699)	53,883)	54,122)	53,904)	53,840)	53,168)	53,806)	54,316)	54,436)	53,789)	54,394)	54,265)	54,285)	53,524)	53,269)	47,481)
Intangible assets, net	32,748)	33,116)	33,443)	34,159)	34,503)	34,960)	35,399)	35,865)	36,234)	36,477)	36,823)	37,046)	37,562)	38,118)	38,516)	38,842)	39,523)	39,999)	40,539)	41,564)	42,003)	25,600)
Other assets	6,229)	5,618)	5,297)	5,102)	4,417)	3,924)	4,576)	6,623)	6,326)	6,215)	6,156)	7,102)	6,905)	6,678)	6,624)	4,796)	4,414)	4,058)	3,967)	3,030)	2,969)	7,568)
Long-term assets	112,482)	111,948)	111,728)	113,058)	111,944)	112,164)	113,452)	115,925)	116,246)	116,132)	116,421)	116,404)	117,555)	118,626)	119,354)	116,780)	117,959)	118,056)	118,777)	118,888)	119,243)	100,697)
Total assets	167,139)	164,864)	162,861)	164,822)	161,169)	160,187)	161,869)	162,443)	162,161)	161,636)	158,864)	158,225)	159,017)	159,366)	161,404)	158,772)	158,838)	160,608)	162,153)	162,399)	161,517)	139,572)

Cash and cash equivalents: The cash reserves demonstrate notable fluctuations over the analyzed quarters. Initially, there was a rise from approximately 8 billion to over 10 billion by Q3 2020, followed by a decline towards the end of 2020. From early 2022 onwards, the cash balances generally decreased, reaching a lower level by mid-2025, indicating a possible increase in liquidity utilization or investment.
Accounts receivable, net: Accounts receivable show varying movements, with an overall tendency to increase gradually across the periods. After some declines during 2020, the amounts recovered and even exceeded prior levels by 2025, suggesting growth in sales on credit or extended credit terms to customers over time.
Contract assets, net: Contract assets steadily increased over the examined quarters, especially from 2022 to 2025, rising from about 11.5 billion to over 15 billion. This trend could imply growing unbilled receivables or incremental recognition of revenue in line with contract progress.
Inventory, net: Inventory levels fluctuated moderately but show an overall upward trend from around 9.2 billion at the start of 2021 to about 14 billion by mid-2025. The gradual inventory increase might reflect larger production volumes, stockpiling strategies, or slower inventory turnover.
Other assets, current: Current other assets exhibit volatility with some reported drops and rises, peaking around 7.8 billion near mid-2025. The variation may reflect changes in prepaid expenses, short-term investments, or other miscellaneous current assets.
Current assets: Current assets remained relatively stable with moderate fluctuations between roughly 38 billion and 55 billion. There is a general rising trend post-2021, supporting the notion of strengthened short-term asset positions over time.
Customer financing assets: These assets consistently declined from approximately 3.5 billion in early 2020 to just over 2.1 billion by mid-2025. This downward trend indicates a reduction in customer financing arrangements or accelerated collections.
Future income tax benefits: Reported values are limited and declining through 2020, disappearing thereafter, which might suggest realized benefits, changes in tax positions, or discontinued recognition of deferred tax assets.
Fixed assets: Gross fixed assets increased overall, rising from about 25.5 billion in early 2020 to approximately 34 billion by mid-2025, signifying ongoing capital expenditures and asset additions.
Accumulated depreciation: Accumulated depreciation levels steadily grew in magnitude from around 13 billion to over 17 billion, consistent with aging asset bases and continued depreciation charges.
Fixed assets, net: Net fixed assets rose moderately from around 12.5 billion to 16.2 billion, reflecting the combined effect of asset additions and depreciation.
Operating lease right-of-use assets: Right-of-use assets related to operating leases generally declined from early 2020 through 2023, then experienced a slight rebound towards 2025. This pattern may correspond to lease terminations, renegotiations, or new lease agreements.
Goodwill: Goodwill values remained largely stable with minor fluctuations, centering around 53 to 54 billion. Stability suggests no significant impairment or substantial acquisition-related goodwill changes.
Intangible assets, net: Intangible assets demonstrated a continuous decreasing trend from 42 billion early in the data set to approximately 32.7 billion by mid-2025, indicating amortization or impairment of intangible assets over time.
Other assets: Other assets showed some volatility, with a rise early on, followed by a drop and a later recovery, ending near 6.2 billion. This may reflect varying long-term miscellaneous asset positions, including investments or deferred expenses.
Long-term assets: Long-term assets fell gradually from about 119 billion down to approximately 112 billion. The slow decline suggests amortization, impairments, or asset disposals outpacing additions.
Total assets: Total assets fluctuated within the range of roughly 139.5 billion to 167 billion, with a peak near the end of the period. The rising trend in total assets towards 2025, despite some earlier dips, indicates overall asset growth for the entity across the assessed time frame.

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RTX Corp. (NYSE:RTX)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data