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.

RTX Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Short-term borrowings	215)	1,635)	212)	183)	220)	231)	166)	189)	1,170)	1,076)	224)	625)	2,195)	113)	140)	134)	206)	196)	234)	247)	228)	243)	1,725)
Accounts payable	14,552)	13,433)	13,444)	12,897)	11,834)	10,939)	10,522)	10,698)	10,315)	10,128)	10,060)	9,896)	9,017)	9,732)	8,270)	8,751)	8,667)	8,043)	9,182)	8,639)	8,143)	7,182)	10,976)
Accrued employee compensation	2,937)	2,133)	1,867)	2,620)	2,673)	2,065)	1,862)	2,491)	2,597)	2,121)	1,856)	2,401)	2,390)	2,028)	1,880)	2,658)	2,756)	2,233)	2,511)	3,006)	—)	—)	—)
Other accrued liabilities	14,835)	15,861)	15,219)	14,831)	15,971)	17,048)	15,006)	14,917)	14,283)	11,719)	11,573)	10,999)	11,210)	12,459)	11,004)	10,162)	9,685)	10,361)	10,184)	10,517)	13,676)	14,572)	11,055)
Contract liabilities	20,111)	19,186)	19,038)	18,616)	18,436)	17,665)	17,119)	17,183)	15,248)	15,162)	14,870)	14,598)	13,368)	13,430)	13,739)	13,720)	12,543)	12,591)	12,879)	12,889)	12,208)	11,997)	6,384)
Long-term debt currently due	584)	2,084)	2,844)	2,352)	3,113)	1,617)	344)	1,283)	1,389)	1,554)	1,545)	595)	193)	26)	24)	24)	274)	1,370)	1,369)	550)	1,307)	1,297)	1,362)
Current liabilities	53,234)	54,332)	52,624)	51,499)	52,247)	49,565)	45,019)	46,761)	45,002)	41,760)	40,128)	39,114)	38,373)	37,788)	35,057)	35,449)	34,131)	34,794)	36,359)	35,848)	35,562)	35,291)	31,502)
Long-term debt, excluding currently due	38,260)	38,259)	38,244)	38,726)	38,823)	40,303)	42,334)	42,355)	32,701)	32,723)	32,717)	30,694)	31,059)	31,274)	31,308)	31,327)	30,768)	29,916)	29,935)	31,026)	31,246)	31,210)	43,232)
Operating lease liabilities, non-current	1,650)	1,617)	1,646)	1,632)	1,592)	1,415)	1,410)	1,412)	1,523)	1,570)	1,624)	1,586)	1,539)	1,593)	1,627)	1,657)	1,541)	1,563)	1,552)	1,516)	1,651)	1,723)	2,126)
Future pension and postretirement benefit obligations	1,981)	2,038)	2,060)	2,104)	2,230)	2,264)	2,320)	2,385)	4,457)	4,579)	4,676)	4,807)	7,362)	7,543)	7,709)	7,855)	9,742)	9,929)	9,808)	10,342)	14,688)	14,972)	3,225)
Other long-term liabilities	7,154)	6,646)	6,946)	6,942)	7,071)	6,941)	6,967)	7,511)	7,514)	7,442)	8,106)	8,449)	8,124)	8,791)	9,643)	10,417)	9,621)	9,885)	9,612)	9,537)	9,142)	9,394)	17,457)
Long-term liabilities	49,045)	48,560)	48,896)	49,404)	49,716)	50,923)	53,031)	53,663)	46,195)	46,314)	47,123)	45,536)	48,084)	49,201)	50,287)	51,256)	51,672)	51,293)	50,907)	52,421)	56,727)	57,299)	66,040)
Total liabilities	102,279)	102,892)	101,520)	100,903)	101,963)	100,488)	98,050)	100,424)	91,197)	88,074)	87,251)	84,650)	86,457)	86,989)	85,344)	86,705)	85,803)	86,087)	87,266)	88,269)	92,289)	92,590)	97,542)
Redeemable noncontrolling interest	34)	41)	37)	35)	33)	31)	37)	35)	33)	31)	38)	36)	33)	38)	36)	35)	32)	30)	34)	32)	30)	35)	95)
Common stock	37,869)	37,680)	37,515)	37,434)	37,276)	37,302)	37,108)	37,055)	38,388)	38,228)	38,031)	37,939)	37,829)	37,673)	37,504)	37,483)	37,343)	37,183)	36,997)	36,930)	36,833)	36,735)	23,099)
Treasury stock	(26,937)	(26,995)	(27,069)	(27,112)	(27,141)	(27,080)	(27,029)	(26,977)	(18,170)	(16,713)	(16,112)	(15,530)	(15,141)	(14,539)	(13,483)	(12,727)	(12,398)	(11,424)	(10,780)	(10,407)	(10,407)	(10,398)	(32,665)
Retained earnings	56,014)	54,104)	54,277)	53,589)	52,948)	51,488)	53,052)	52,154)	51,513)	52,489)	52,891)	52,269)	51,652)	50,271)	50,592)	50,265)	50,343)	48,954)	49,460)	49,423)	50,017)	49,744)	60,826)
Unearned ESOP shares	—)	—)	—)	—)	—)	(7)	(11)	(15)	(19)	(22)	(26)	(28)	(31)	(33)	(36)	(38)	(41)	(43)	(46)	(49)	(52)	(56)	(61)
Accumulated other comprehensive loss	(2,432)	(2,391)	(3,207)	(3,755)	(1,969)	(2,718)	(2,635)	(2,419)	(2,116)	(1,502)	(1,989)	(2,018)	(4,122)	(2,931)	(2,115)	(1,915)	(3,939)	(3,555)	(3,921)	(3,734)	(8,012)	(8,800)	(11,788)
Shareowners’ equity	64,514)	62,398)	61,516)	60,156)	61,114)	58,985)	60,485)	59,798)	69,596)	72,480)	72,795)	72,632)	70,187)	70,441)	72,462)	73,068)	71,308)	71,115)	71,710)	72,163)	68,379)	67,225)	39,411)
Noncontrolling interest	1,845)	1,808)	1,791)	1,767)	1,712)	1,665)	1,615)	1,612)	1,617)	1,576)	1,552)	1,546)	1,548)	1,549)	1,524)	1,596)	1,629)	1,606)	1,598)	1,689)	1,701)	1,667)	2,524)
Total equity	66,359)	64,206)	63,307)	61,923)	62,826)	60,650)	62,100)	61,410)	71,213)	74,056)	74,347)	74,178)	71,735)	71,990)	73,986)	74,664)	72,937)	72,721)	73,308)	73,852)	70,080)	68,892)	41,935)
Total liabilities, redeemable noncontrolling interest, and equity	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)	162,153)	162,399)	161,517)	139,572)

Short-term borrowings: The short-term borrowings displayed notable volatility with significant spikes observed in September 2022 and September 2025, indicating episodic reliance on short-term financing. Aside from these peaks, the values generally remained below 1,200 million US dollars, suggesting a moderate level of short-term debt overall.
Accounts payable: Accounts payable showed a general upward trend over the period, with some fluctuations. From around 7,000 million US dollars initially, the figures rose steadily to surpass 14,000 million US dollars by late 2025, suggesting increased obligations to suppliers or expanded operations requiring more credit from vendors.
Accrued employee compensation: This liability fluctuated considerably, with values oscillating between approximately 1,800 million and 2,900 million US dollars. There is a visible pattern of periodic increases and decreases, which may reflect changes in workforce costs, timing of accruals, or bonus payments.
Other accrued liabilities: Other accrued liabilities fluctuated with moderate variability, mostly within a range of about 10,000 to 17,000 million US dollars. Despite some growth periods, especially in the latter part of the dataset, the figures do not show a consistent directional trend.
Contract liabilities: Contract liabilities demonstrated a notable growth pattern, increasing from approximately 6,300 million to over 20,000 million US dollars. This steady growth suggests an expansion in advance payments or deferred revenues, likely reflecting increased business activity or changes in contract terms.
Long-term debt currently due: The amounts of long-term debt currently due fluctuated markedly, with generally low values except for spikes at various points such as late 2023 and late 2024. This pattern may indicate scheduling of repayments or refinancing activities concentrated at particular intervals.
Current liabilities: Current liabilities consistently increased over time, growing from about 31,500 million to over 53,000 million US dollars. The upward trend points to a rise in short-term obligations, possibly in line with expanding operational scale or increased working capital needs.
Long-term debt, excluding currently due: Long-term debt, excluding the portion currently due, remained relatively stable at around 30,000 to 38,000 million US dollars, with a notable increase around late 2023. This stability suggests a steady issuance and repayment balance, with one significant adjustment mid-way through the period.
Operating lease liabilities, non-current: Non-current operating lease liabilities showed slight fluctuations but remained within a band roughly between 1,400 and 1,650 million US dollars. This suggests stable contractual lease obligations without major expansions or reductions.
Future pension and postretirement benefit obligations: These obligations exhibited a strong declining trend, starting at over 14,900 million US dollars and reducing to under 2,000 million US dollars by late 2025. This sharp decrease may reflect settlements, funding improvements, or changes in actuarial assumptions.
Other long-term liabilities: Other long-term liabilities declined over time from around 17,400 million to roughly 7,000 million US dollars, demonstrating a gradual reduction in this category, which might indicate payoff of obligations or reclassification of liabilities.
Long-term liabilities: Overall long-term liabilities decreased from about 66,000 million to just under 49,000 million US dollars, aligning with the declines in pension and other long-term liabilities, despite some minor variability in long-term debt levels.
Total liabilities: Total liabilities showed a moderate downward trend from around 97,500 million to approximately 102,000 million US dollars, with some fluctuations but generally stable around the 85,000 to 103,000 million range. The figures reflect balanced management of obligations across short- and long-term liabilities.
Redeemable noncontrolling interest: This component remained minor and relatively stable, fluctuating between approximately 30 and 40 million US dollars, indicating limited impact on the overall capital structure.
Common stock: The common stock balance demonstrated consistent modest increases from roughly 23,000 million to nearly 38,000 million US dollars, representing potential equity issuances or retained share value growth.
Treasury stock: Treasury stock values became more negative over time, shifting significantly from around -10,000 million to nearly -27,000 million US dollars by 2023, followed by a plateau. This trend indicates substantial share repurchase activity, reducing outstanding shares.
Retained earnings: Retained earnings exhibited growth, starting near 49,700 million and rising to over 56,000 million US dollars, suggesting consistent profitability or earnings retention despite some periodic fluctuations.
Unearned ESOP shares: Unearned ESOP shares steadily decreased and eventually became unreported, indicating the winding down or full vesting of employee stock ownership plan shares.
Accumulated other comprehensive loss: Accumulated other comprehensive loss showed variability but generally remained negative with some periods of improvement and deterioration. The fluctuations suggest sensitivity to market or actuarial adjustments affecting equity.
Shareowners’ equity: Shareowners’ equity rose overall from about 39,400 million to nearly 65,000 million US dollars, although it experienced a steep decline around 2024, which subsequently recovered. The increase reflects equity growth balanced against periods of equity write-down or additional liabilities.
Noncontrolling interest: Noncontrolling interest was relatively minor but trended upward steadily from approximately 1,600 to over 1,800 million US dollars, indicating small but consistent participation by minority shareholders.
Total equity: Total equity followed similar trends to shareowners’ equity, increasing overall from about 41,900 million to over 66,300 million US dollars. The pattern indicates general balance sheet strengthening alongside stable minority interests.
Total liabilities, redeemable noncontrolling interest, and equity: The total of liabilities, redeemable noncontrolling interest, and equity demonstrated gradual growth from approximately 140,000 million to almost 169,000 million US dollars, consistent with overall enterprise expansion during the period under review.

Download chart

RTX Corp. (NYSE:RTX)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data