Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

RTX Corp., adjusted current assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	48,417)	42,443)	42,050)	43,376)	37,497)
Adjustments
Add: Allowance for expected credit losses	316)	452)	475)	546)	389)
Add: LIFO reserve¹	—)	—)	—)	—)	126)
After Adjustment
Adjusted current assets	48,733)	42,895)	42,525)	43,922)	38,012)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ LIFO reserve. See details »

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RTX Corp., adjusted total assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	161,869)	158,864)	161,404)	162,153)	139,716)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowance for expected credit losses	316)	452)	475)	546)	389)
Add: LIFO reserve²	—)	—)	—)	—)	126)
Less: Future income tax benefits³	—)	—)	—)	—)	1,611)
After Adjustment
Adjusted total assets	162,185)	159,316)	161,879)	162,699)	138,620)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² LIFO reserve. See details »

³ Future income tax benefits. See details »

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RTX Corp., adjusted total liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	100,424)	84,650)	86,705)	88,269)	95,390)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Future income taxes payable²	3,015)	3,579)	5,010)	4,493)	3,737)
After Adjustment
Adjusted total liabilities	97,409)	81,071)	81,695)	83,776)	91,653)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Future income taxes payable. See details »

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RTX Corp., adjusted shareowners’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Shareowners’ equity	59,798)	72,632)	73,068)	72,163)	41,774)
Adjustments
Less: Future income tax benefits and payable, net¹	(3,015)	(3,579)	(5,010)	(4,493)	(2,126)
Add: Allowance for expected credit losses	316)	452)	475)	546)	389)
Add: LIFO reserve²	—)	—)	—)	—)	126)
Add: Redeemable noncontrolling interest	35)	36)	35)	32)	95)
Add: Noncontrolling interest	1,612)	1,546)	1,596)	1,689)	2,457)
After Adjustment
Adjusted total equity	64,776)	78,245)	80,184)	78,923)	46,967)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ Future income tax benefits and payable, net. See details »

² LIFO reserve. See details »

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RTX Corp., adjusted capitalization table

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Short-term borrowings	189)	625)	134)	247)	2,364)
Long-term debt currently due	1,283)	595)	24)	550)	3,496)
Long-term debt, excluding currently due	42,355)	30,694)	31,327)	31,026)	37,788)
Total reported debt	43,827)	31,914)	31,485)	31,823)	43,648)
Shareowners’ equity	59,798)	72,632)	73,068)	72,163)	41,774)
Total reported capital	103,625)	104,546)	104,553)	103,986)	85,422)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Operating lease liabilities, current (included in Other accrued liabilities)²	348)	356)	411)	482)	544)
Add: Operating lease liabilities, non-current³	1,412)	1,586)	1,657)	1,516)	2,144)
Adjusted total debt	45,587)	33,856)	33,553)	33,821)	46,336)
Adjustments to Equity
Less: Future income tax benefits and payable, net⁴	(3,015)	(3,579)	(5,010)	(4,493)	(2,126)
Add: Allowance for expected credit losses	316)	452)	475)	546)	389)
Add: LIFO reserve⁵	—)	—)	—)	—)	126)
Add: Redeemable noncontrolling interest	35)	36)	35)	32)	95)
Add: Noncontrolling interest	1,612)	1,546)	1,596)	1,689)	2,457)
Adjusted total equity	64,776)	78,245)	80,184)	78,923)	46,967)
After Adjustment
Adjusted total capital	110,363)	112,101)	113,737)	112,744)	93,303)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liabilities, current (included in Other accrued liabilities). See details »

³ Operating lease liabilities, non-current. See details »

⁴ Future income tax benefits and payable, net. See details »

⁵ LIFO reserve. See details »

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RTX Corp., adjusted net income (loss) attributable to common shareowners

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income (loss) attributable to common shareowners	3,195)	5,197)	3,864)	(3,519)	5,537)
Adjustments
Add: Deferred income tax expense (benefit)¹	(402)	(1,663)	(88)	(99)	35)
Add: Increase (decrease) in allowance for expected credit losses	(136)	(23)	(71)	292)	(99)
Add: Increase (decrease) in LIFO reserve²	—)	—)	—)	—)	7)
Less: Loss from discontinued operations	—)	(19)	(33)	(367)	—)
Add: Other comprehensive income (loss), net of tax	(401)	(103)	1,819)	2,540)	(85)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	185)	111)	248)	224)	399)
After Adjustment
Adjusted net income (loss)	2,441)	3,538)	5,805)	(195)	5,794)

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ Deferred income tax expense (benefit). See details »

² Increase (decrease) in LIFO reserve. See details »

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RTX Corp. (NYSE:RTX)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income