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

	Dec 31, 2025	Sep 30, 2025	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
Cash and cash equivalents	7,435)	5,966)	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)
Accounts receivable, net	14,701)	12,837)	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)
Contract assets, net	17,092)	16,604)	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)
Inventory, net	13,364)	13,806)	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)
Other assets, current	7,740)	7,905)	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)
Current assets	60,332)	57,118)	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)
Customer financing assets	2,132)	2,071)	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)
Fixed assets	35,335)	34,370)	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)
Accumulated depreciation	(18,467)	(18,045)	(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)
Fixed assets, net	16,868)	16,325)	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)
Operating lease right-of-use assets	1,887)	1,899)	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)
Goodwill	53,343)	53,311)	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)
Intangible assets, net	31,845)	32,260)	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)
Other assets	4,672)	5,688)	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)
Long-term assets	110,747)	111,554)	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)
Total assets	171,079)	168,672)	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)

The asset composition of the entity demonstrates several notable trends over the observed period, spanning from March 31, 2021, to December 31, 2025. Total assets exhibited initial fluctuations, peaking in December 2021, followed by a period of relative stability before increasing again towards the end of the observed timeframe. A closer examination of individual asset categories reveals more nuanced patterns.

Liquidity – Current Assets: Current assets generally remained within a range of approximately US$40.9 billion to US$49.2 billion. A slight upward trend is discernible in the latter half of the period, with current assets reaching US$60.3 billion by December 2025. Within current assets, cash and cash equivalents experienced considerable volatility, decreasing from US$8.6 billion in March 2021 to US$4.8 billion in June 2025, before recovering to US$7.4 billion by the end of 2025. Accounts receivable, net, showed a consistent increase over the entire period, rising from US$10.0 billion to US$14.7 billion. Contract assets, net, also demonstrated a steady upward trajectory, increasing from US$10.2 billion to US$17.1 billion. Inventory, net, exhibited a more moderate increase, moving from US$9.5 billion to US$13.4 billion. Other current assets also increased, but at a slower pace.
Customer Financing: Customer financing assets experienced a gradual decline throughout the period, decreasing from US$3.1 billion in March 2021 to US$2.1 billion in December 2025. This suggests a potential shift in financing strategies or a reduction in customer financing programs.
Long-Term Investments: Fixed assets, net of accumulated depreciation, remained relatively stable between US$14.7 billion and US$16.9 billion. Accumulated depreciation consistently increased, reducing the net book value of fixed assets. Operating lease right-of-use assets showed some fluctuation, peaking at US$1.9 billion in March 2021 and ending at US$1.9 billion in December 2025. Goodwill remained substantial, consistently above US$53 billion, with a slight decrease observed towards the end of the period. Intangible assets, net, followed a similar pattern to goodwill, decreasing from US$40.0 billion to US$31.8 billion. Other long-term assets showed variability, increasing initially before decreasing towards the end of the period.

Overall, the entity’s asset base demonstrates a shift towards increased receivables and contract assets, alongside a decrease in customer financing. The long-term asset composition reveals a consistent, significant presence of goodwill and intangible assets, with a gradual decline in their values over the observed period. The fluctuations in cash and cash equivalents warrant further investigation to understand the underlying cash flow dynamics.

Assets: Selected Items

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Current Assets: Selected Items

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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