Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Raytheon Co., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Dec 31, 2019	Sep 29, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jul 1, 2018	Apr 1, 2018	Dec 31, 2017	Oct 1, 2017	Jul 2, 2017	Apr 2, 2017	Dec 31, 2016	Oct 2, 2016	Jul 3, 2016	Apr 3, 2016	Dec 31, 2015	Sep 27, 2015	Jun 28, 2015	Mar 29, 2015
Commercial paper and current portion of long-term debt	1,499)	500)	800)	800)	300)	300)	300)	300)	300)	300)	300)	251)	—)	—)	—)	—)	—)	—)	—)	—)
Contract liabilities	3,267)	2,977)	2,944)	2,930)	3,309)	2,931)	2,886)	2,949)	2,927)	2,519)	2,704)	2,605)	2,239)	2,063)	2,136)	2,136)	2,193)	2,215)	1,975)	1,944)
Accounts payable	1,796)	1,470)	1,368)	1,361)	1,964)	1,392)	1,380)	1,255)	1,519)	1,347)	1,278)	1,282)	1,520)	1,415)	1,405)	1,304)	1,402)	1,334)	1,171)	1,141)
Accrued employee compensation	1,813)	1,445)	1,361)	995)	1,509)	1,252)	1,245)	921)	1,342)	1,165)	1,179)	871)	1,234)	1,131)	1,113)	803)	1,154)	1,190)	964)	905)
Other current liabilities	1,416)	1,423)	1,398)	1,594)	1,206)	1,281)	1,206)	1,354)	1,260)	1,161)	1,126)	1,298)	1,434)	1,392)	1,360)	1,506)	1,377)	1,589)	1,531)	1,645)
Current liabilities	9,791)	7,815)	7,871)	7,680)	8,288)	7,156)	7,017)	6,779)	7,348)	6,492)	6,587)	6,307)	6,427)	6,001)	6,014)	5,749)	6,126)	6,328)	5,641)	5,635)
Accrued retiree benefits and other long-term liabilities	8,553)	6,642)	6,699)	6,848)	6,938)	6,355)	7,850)	8,238)	8,287)	7,791)	7,731)	7,743)	7,775)	7,284)	7,092)	7,108)	7,140)	6,895)	6,865)	6,926)
Long-term debt, excluding current portion	3,261)	4,258)	4,257)	4,256)	4,755)	4,753)	4,752)	4,751)	4,750)	4,749)	4,747)	5,086)	5,335)	5,334)	5,333)	5,332)	5,330)	5,334)	5,333)	5,331)
Operating lease liabilities, noncurrent	706)	692)	720)	652)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Long-term liabilities	12,520)	11,592)	11,676)	11,756)	11,693)	11,108)	12,602)	12,989)	13,037)	12,540)	12,478)	12,829)	13,110)	12,618)	12,425)	12,440)	12,470)	12,229)	12,198)	12,257)
Total liabilities	22,311)	19,407)	19,547)	19,436)	19,981)	18,264)	19,619)	19,768)	20,385)	19,032)	19,065)	19,136)	19,537)	18,619)	18,439)	18,189)	18,596)	18,557)	17,839)	17,892)
Redeemable noncontrolling interests	32)	428)	435)	432)	411)	560)	512)	492)	512)	389)	349)	349)	449)	366)	343)	330)	355)	343)	343)	—)
Common stock, par value, $0.01 per share	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)	3)
Additional paid-in capital	—)	34)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	30)	398)	617)	834)	1,040)
Accumulated other comprehensive loss	(9,260)	(8,042)	(8,182)	(8,399)	(8,618)	(8,413)	(8,863)	(9,095)	(7,935)	(7,075)	(6,994)	(7,218)	(7,411)	(6,856)	(6,899)	(7,050)	(7,176)	(7,024)	(7,095)	(7,353)
Retained earnings	21,480)	20,987)	20,383)	20,104)	20,087)	19,720)	19,467)	19,329)	17,895)	17,929)	17,806)	17,599)	17,474)	17,320)	17,212)	17,141)	16,903)	16,552)	16,314)	16,017)
Total Raytheon Company stockholders’ equity	12,223)	12,982)	12,204)	11,708)	11,472)	11,310)	10,607)	10,237)	9,963)	10,857)	10,815)	10,384)	10,066)	10,467)	10,316)	10,124)	10,128)	10,148)	10,056)	9,707)
Noncontrolling interests in subsidiaries	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	186)	202)	201)	199)	199)
Total equity	12,223)	12,982)	12,204)	11,708)	11,472)	11,310)	10,607)	10,237)	9,963)	10,857)	10,815)	10,384)	10,066)	10,467)	10,316)	10,310)	10,330)	10,349)	10,255)	9,906)
Total liabilities, redeemable noncontrolling interests and equity	34,566)	32,817)	32,186)	31,576)	31,864)	30,134)	30,738)	30,497)	30,860)	30,278)	30,229)	29,869)	30,052)	29,452)	29,098)	28,829)	29,281)	29,249)	28,437)	27,798)

The financial data reveals several notable trends in liabilities and equity over the analyzed periods.

Current liabilities: Current liabilities have generally increased, starting from $5,635 million in March 2015 to $9,791 million by the end of December 2019. Peaks are apparent in the final quarters of 2018 and 2019, driven by notable increases in accounts payable, accrued employee compensation, and commercial paper including the current portion of long-term debt. The commercial paper and current portion of long-term debt was nonexistent or unreported for most of the earlier periods but showed a significant rise in 2019, reaching $1,499 million in December 2019.
Contract liabilities: Contract liabilities exhibited moderate growth over the period. Beginning around $1,944 million in the first quarter of 2015, values hovered within a range before increasing to $3,267 million by the end of December 2019, indicating possibly higher deferred revenues or advances from customers.
Long-term debt: Long-term debt excluding the current portion remained relatively stable initially, at approximately $5,331 million in early 2015, then demonstrated a downward trend starting around late 2016, reaching $3,261 million by the end of 2019. This suggests active debt repayment or refinancing strategies during these years.
Accrued retiree benefits and other long-term liabilities: This category showed fluctuations, with a peak near $8,287 million in the fourth quarter of 2017, followed by a significant decrease to $6,355 million in the first quarter of 2018. Post this decline, the figure stabilized around $6,600 million to $8,500 million by the end of 2019. The variability may reflect changes in actuarial assumptions or adjustments for benefit obligations.
Total liabilities: Total liabilities increased overall, from about $17,892 million in early 2015 to $22,311 million at the end of 2019. The increase aligns with growth in current liabilities and fluctuations in long-term liabilities, reflecting an expansion in obligations over the period.
Equity components: Stockholders’ equity showed moderate growth with some volatility. It increased from approximately $9,707 million in March 2015 to a peak of $12,982 million in September 2019 before slightly declining to $12,223 million by December 2019. Retained earnings consistently grew, reaching $21,480 million by late 2019, which reflects accumulated profits. However, accumulated other comprehensive loss deepened substantially over time, from about -$7,353 million to nearly -$9,260 million, indicating growing unrealized losses or other adverse comprehensive income components.
Redeemable noncontrolling interests: Redeemable noncontrolling interests maintained a fairly narrow range but exhibited a notable drop in the final reported quarter of 2019, falling from several hundred millions to $32 million, suggesting possible buyouts or conversions during this period.
Overall financial position: Total liabilities, redeemable noncontrolling interests, and equity combined show steady growth from approximately $27,798 million to $34,566 million over five years, indicative of overall expansion in the company’s financial base.

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Raytheon Co. (NYSE:RTN)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data