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

	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	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	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	2,133)	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	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	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	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	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	38,259)	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	1,617)	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	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	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	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	102,892)	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	41)	37)	35)	33)	31)	37)	35)	33)	31)	38)	36)	33)	38)	36)	35)	32)	30)	34)	32)	30)	35)	95)
Common stock	37,680)	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	(26,995)	(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	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	(2,391)	(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	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	1,808)	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	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	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 show significant volatility over the analyzed periods. Starting with a high value in March 2020 at $1,725 million, it sharply declined to around $200 million throughout 2020 and 2021. However, there are notable spikes in late 2022 and early 2023, peaking near $2,200 million in September 2022, followed by fluctuations with a notable increase again in mid-2025 reaching $1,635 million.
Accounts payable: Accounts payable demonstrate an overall upward trend across the periods. Starting at approximately $10,976 million in March 2020, values dip during mid-2020 but gradually rise from 2021 onward, reaching over $13,400 million by mid-2025. This shows an increase in obligations to suppliers and creditors over time.
Accrued employee compensation: Beginning from March 2020, this item shows a presence in data starting mainly from late 2020. It fluctuates considerably, peaking around $2,597 million in December 2022 and again in the $2,600+ million range in late 2024 and early 2025. There is a notable dip in mid-2023, suggesting some variability in accrued payroll or bonuses.
Other accrued liabilities: This liability shows moderate fluctuations with a general increasing trend from around $11,055 million in March 2020 to approximately $15,861 million by mid-2025. Intermittent increases indicate possibly rising accrued expenses or obligations payable within a year.
Contract liabilities: Contract liabilities display a steady upward trajectory from $6,384 million in March 2020 to about $19,186 million by mid-2025, reflecting increased advance payments received or deferred revenue, suggesting growth in contractually obligated revenues.
Long-term debt currently due: This item exhibits variability, with an initial value of $1,362 million in March 2020, experiencing declines and spikes intermittently. The amount notably peaks at $3,113 million in late 2024 before decreasing again. This pattern points to varying amounts of long-term debt becoming due within one year.
Current liabilities: Current liabilities rise gradually from around $31,502 million in March 2020 to over $54,332 million by mid-2025, with occasional fluctuations. This increase indicates growing immediate obligations of the company.
Long-term debt, excluding currently due: This liability shows a gradual decline from $43,232 million in early 2020 to approximately $38,259 million in mid-2025, with a notable rise in late 2023. The decline suggests reduction in long-term borrowings or repayments over the studied period.
Operating lease liabilities, non-current: Operating lease liabilities show a slight decreasing trend from $2,126 million in early 2020 to about $1,617 million in mid-2025, with minor periodic fluctuations.
Future pension and postretirement benefit obligations: This liability sharply decreases from $14,972 million in June 2020 to about $2,038 million by mid-2025, indicating substantial reductions in pension and postretirement obligations or changes in valuation assumptions.
Other long-term liabilities: There is a notable decrease in other long-term liabilities from $17,457 million in early 2020 to approximately $6,646 million by mid-2025, suggesting repayments or reclassification over the period.
Long-term liabilities: Long-term liabilities decline steadily from $66,040 million in March 2020 to about $48,560 million by mid-2025, reflecting an overall reduction in the company’s long-term obligations.
Total liabilities: Total liabilities present a downward trend from approximately $97,542 million in early 2020 to about $102,892 million by mid-2025, though with fluctuations and a temporary peak near $100,424 million in late 2023. This indicates modest increases overall, despite decreases in some long-term obligations.
Redeemable noncontrolling interest: Redeemable noncontrolling interest remains relatively small and stable, oscillating around $30 to $40 million across the periods, with slight increases in the most recent quarters.
Common stock: Common stock values increase slightly from $23,099 million in early 2020 to approximately $37,680 million in mid-2025, indicating possible issuance or capitalization changes but generally stable equity capital.
Treasury stock: Treasury stock increases in magnitude (negative values) from about -$32,665 million in early 2020 to roughly -$26,995 million in mid-2025, showing a reduction in treasury stock holdings after a period of significant repurchases, especially around 2023 where a large jump in treasury stock is noted.
Retained earnings: Retained earnings fluctuate moderately between $48,954 million and $54,277 million, reflecting accumulated earnings reinvested in the business. There are small periods of dip but an overall gradual increase over the examined timeframe.
Unearned ESOP shares: Unearned ESOP shares decrease steadily from -$61 million in early 2020 to zero by late 2023, indicating the fulfillment or adjustment of employee stock ownership plan shares over time.
Accumulated other comprehensive loss: Accumulated other comprehensive loss improves from a high negative value of -$11,788 million in early 2020 to lower negative values around -$2,391 million by mid-2025, signaling either gains in other comprehensive items or reductions in losses.
Shareowners’ equity: Shareowners' equity first grows sharply, peaking near $73,068 million in late 2021, then declines notably to about $59,985 million by late 2024, with a slight recovery to approximately $62,398 million in mid-2025. This suggests fluctuations in net assets driven by earnings, buybacks, or other comprehensive income impacts.
Noncontrolling interest: Noncontrolling interest remains relatively stable, slowly increasing from $2,524 million in early 2020 to $1,808 million in mid-2025, potentially indicating minor changes in minority equity stakes.
Total equity: Total equity follows a pattern similar to shareowners' equity, growing to around $74,664 million in late 2021, then declining substantially to about $60,650 million in late 2024, with a partial rebound to $64,206 million by mid-2025.
Total liabilities, redeemable noncontrolling interest, and equity: This total remains relatively stable in the range of approximately $139 billion to $167 billion, with some fluctuations but no strong upwards or downwards trend, reflecting a balance in the company’s capital structure over time.

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RTX Corp. (NYSE:RTX)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data