Name: RTX Corp. (NYSE:RTX) | Common-Size Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

RTX Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Short-term borrowings	0.11%	0.12%	0.39%	0.08%	0.15%
Accounts payable	7.92%	6.61%	6.23%	5.42%	5.33%
Accrued employee compensation	1.61%	1.54%	1.51%	1.65%	1.85%
Other accrued liabilities	9.11%	9.22%	6.92%	6.30%	6.49%
Contract liabilities	11.43%	10.62%	9.19%	8.50%	7.95%
Long-term debt currently due	1.44%	0.79%	0.37%	0.01%	0.34%
Current liabilities	31.62%	28.89%	24.62%	21.96%	22.11%
Long-term debt, excluding currently due	23.78%	26.17%	19.32%	19.41%	19.13%
Operating lease liabilities, non-current	1.00%	0.87%	1.00%	1.03%	0.93%
Future pension and postretirement benefit obligations	1.29%	1.47%	3.03%	4.87%	6.38%
Other long-term liabilities	4.26%	4.64%	5.32%	6.45%	5.88%
Long-term liabilities	30.34%	33.15%	28.66%	31.76%	32.33%
Total liabilities	61.96%	62.04%	53.28%	53.72%	54.44%
Redeemable noncontrolling interest	0.02%	0.02%	0.02%	0.02%	0.02%
Preferred stock, $1 par value; none issued or outstanding	0.00%	0.00%	0.00%	0.00%	0.00%
Common stock, $1 par value	22.99%	22.89%	23.88%	23.22%	22.77%
Treasury stock, common shares at average cost	-16.65%	-16.67%	-9.78%	-7.89%	-6.42%
Retained earnings	32.90%	32.22%	32.90%	31.14%	30.48%
Unearned ESOP shares	0.00%	-0.01%	-0.02%	-0.02%	-0.03%
Accumulated other comprehensive loss	-2.31%	-1.49%	-1.27%	-1.19%	-2.30%
Shareowners’ equity	36.94%	36.94%	45.72%	45.27%	44.50%
Noncontrolling interest	1.08%	1.00%	0.97%	0.99%	1.04%
Total equity	38.02%	37.94%	46.69%	46.26%	45.54%
Total liabilities, redeemable noncontrolling interest, and equity	100.00%	100.00%	100.00%	100.00%	100.00%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Short-term borrowings: The proportion of short-term borrowings relative to total liabilities, redeemable noncontrolling interest, and equity remains low and fluctuates moderately. It starts at 0.15% in 2020, dips to 0.08% in 2021, peaks at 0.39% in 2022, then decreases slightly to 0.11% by 2024.
Accounts payable: Accounts payable show a consistent upward trend over the five-year period, increasing from 5.33% in 2020 to 7.92% in 2024. This steady increase suggests growing obligations to suppliers or vendors relative to the company’s capital structure.
Accrued employee compensation: This liability slightly declines from 1.85% in 2020 to a low of 1.51% in 2022, before rising marginally to 1.61% in 2024, indicating a relatively stable compensation accrual pattern within total capital.
Other accrued liabilities: Other accrued liabilities exhibit a notable increase from 6.49% in 2020 to a peak of 9.22% in 2023, before slightly decreasing to 9.11% in 2024. This upward movement reflects a growth in miscellaneous accrued obligations over time.
Contract liabilities: Contract liabilities steadily rise throughout the period, from 7.95% in 2020 to 11.43% in 2024, pointing to an increasing amount of deferred revenue or obligations from customer contracts.
Long-term debt currently due: This item remains relatively low but shows an increasing trend from 0.01% in 2021 to 1.44% in 2024, indicating a growing short-term portion of long-term debt obligations becoming payable.
Current liabilities: Current liabilities consistently increase from 22.11% in 2020 to 31.62% in 2024, signifying a rising share of short-term obligations within the company’s total liabilities and equity.
Long-term debt, excluding currently due: Long-term debt remains significant, fluctuating modestly around 19% in early years, then rising sharply to 26.17% in 2023 before declining to 23.78% in 2024. This reflects some restructuring or repayment activity in long-term debt.
Operating lease liabilities, non-current: This liability remains relatively stable, hovering between 0.87% and 1.03% over the five years, indicating consistent lease obligations relative to total capital.
Future pension and postretirement benefit obligations: There is a marked decline in pension and postretirement obligations from 6.38% in 2020 to 1.29% in 2024, demonstrating a reduction in these long-term benefit liabilities during the period.
Other long-term liabilities: Other long-term liabilities decline steadily from 5.88% in 2020 to 4.26% in 2024, suggesting a decrease in miscellaneous long-term obligations.
Long-term liabilities: Long-term liabilities show some volatility but generally decrease from 32.33% in 2020 to 30.34% in 2024, with a peak in 2023. This indicates relative stability with a slight downward tendency in the long-term portion of liabilities.
Total liabilities: Total liabilities increase notably from 54.44% in 2020 to approximately 62% in 2023 and 2024, underscoring a growing reliance on liabilities within the capital structure.
Redeemable noncontrolling interest: This item remains negligible and stable at 0.02% throughout all periods, indicating an immaterial level of redeemable noncontrolling interests.
Common stock: The proportion of common stock remains relatively stable, ranging from 22.77% in 2020 to 22.99% in 2024, reflecting minimal changes in this component of equity.
Treasury stock: Treasury stock shows a consistent increase in magnitude as a negative component of equity, moving from -6.42% in 2020 to -16.65% in 2024. This suggests the company has been actively repurchasing shares or holding more treasury stock over time.
Retained earnings: Retained earnings increase steadily from 30.48% in 2020 to 32.9% in 2024, indicating cumulative profitability contributing to equity growth.
Unearned ESOP shares: Unearned ESOP shares have very small negative values decreasing slightly from -0.03% in 2020 to nearly zero in 2024, implying a minor and diminishing impact on equity.
Accumulated other comprehensive loss: This item fluctuates, initially improving from -2.3% in 2020 to around -1.19% in 2021, then showing a deterioration to -2.31% in 2024, indicating increased unrealized losses or other comprehensive income losses.
Shareowners’ equity: Shareowners’ equity experiences a noticeable decline from 44.5% in 2020 to 36.94% in 2023 and remains at that level in 2024, reflecting a reduced equity base relative to total capital.
Noncontrolling interest: Noncontrolling interest remains stable around 1% throughout the period, with a slight increase to 1.08% in 2024, indicating consistent minority interests.
Total equity: Total equity decreases markedly from 45.54% in 2020 to approximately 38% in 2024, mirroring the decline in shareowners’ equity and signaling a shift in capital structure toward higher liabilities.
Total liabilities, redeemable noncontrolling interest, and equity: By definition, this total remains constant at 100% over all years, serving as the basis for the proportional analyses provided.

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