Balance Sheet: Assets

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.

Raytheon Co., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Cash and cash equivalents	4,292)	3,608)	3,103)	3,303)	2,328)
Short-term investments	—)	—)	297)	100)	872)
Receivables, net	1,364)	1,648)	1,324)	1,218)	1,169)
Contract assets	6,122)	5,594)	5,247)	4,984)	4,395)
Inventories	671)	758)	594)	659)	635)
Prepaid expenses and other current assets	633)	528)	761)	414)	413)
Current assets	13,082)	12,136)	11,326)	10,678)	9,812)
Property, plant and equipment, net	3,353)	2,840)	2,439)	2,166)	2,005)
Operating lease right-of-use assets	875)	—)	—)	—)	—)
Goodwill	14,882)	14,864)	14,871)	14,788)	14,731)
Marketable securities held in trust	753)	642)	633)	550)	525)
Computer software, net of accumulated amortization	252)	261)	288)	291)	294)
Other intangible assets, net of accumulated amortization	283)	361)	481)	598)	700)
Deferred tax asset	534)	331)	537)	753)	906)
Other noncurrent assets, net	552)	429)	285)	228)	308)
Other assets, net	2,374)	2,024)	2,224)	2,420)	2,733)
Noncurrent assets	21,484)	19,728)	19,534)	19,374)	19,469)
Total assets	34,566)	31,864)	30,860)	30,052)	29,281)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Raytheon Co. current assets increased from 2017 to 2018 and from 2018 to 2019.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Raytheon Co. property, plant and equipment, net increased from 2017 to 2018 and from 2018 to 2019.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Raytheon Co. noncurrent assets increased from 2017 to 2018 and from 2018 to 2019.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Raytheon Co. total assets increased from 2017 to 2018 and from 2018 to 2019.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Raytheon Co. cash and cash equivalents increased from 2017 to 2018 and from 2018 to 2019.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.
Receivables, net	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Raytheon Co. receivables, net increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Raytheon Co. inventories increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.

Raytheon Co. (NYSE:RTN)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items