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

	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
Cash and cash equivalents	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)	8,802)	10,001)	6,975)	8,001)
Accounts receivable, net	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)	9,254)	10,115)	9,496)	13,104)
Contract assets, net	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)	9,931)	9,617)	9,943)	4,549)
Inventory, net	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)	9,411)	9,843)	10,256)	11,506)
Other assets, current	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)	5,978)	3,935)	5,604)	1,715)
Current assets	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)	43,376)	43,511)	42,274)	38,875)
Customer financing assets	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)	3,144)	3,314)	3,363)	3,496)
Future income tax benefits	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	699)	732)	1,444)
Fixed assets	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)	26,346)	25,600)	25,118)	25,544)
Accumulated depreciation	(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)	(11,384)	(10,870)	(10,313)	(13,060)
Fixed assets, net	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)	14,962)	14,730)	14,805)	12,484)
Operating lease right-of-use assets	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)	1,880)	2,027)	2,102)	2,624)
Goodwill	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)	54,285)	53,524)	53,269)	47,481)
Intangible assets, net	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)	40,539)	41,564)	42,003)	25,600)
Other assets	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)	3,967)	3,030)	2,969)	7,568)
Long-term assets	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)	118,777)	118,888)	119,243)	100,697)
Total assets	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)

The financial data reveals several notable trends and fluctuations across various asset categories over the observed periods.

Cash and Cash Equivalents: Cash levels exhibit volatility, with an initial decline from a peak reaching 10,001 million US$ in September 2020 to a trough around 4,767 million US$ in June 2022, followed by moderate recovery and fluctuation. Despite periodic rises, the overall pattern suggests variability in liquidity management or operating cash flow.
Accounts Receivable, Net: Accounts receivable show a moderately stable but gradually increasing trend, rising from approximately 9,496 million US$ in June 2020 to over 12,800 million US$ by September 2025. This growth may indicate expanding sales on credit or longer collection periods.
Contract Assets, Net: Contract assets steadily increase throughout the timeline, growing from 9,943 million US$ in June 2020 to about 16,604 million US$ in September 2025. The consistent rise suggests increased unbilled revenue or ongoing contract work in progress.
Inventory, Net: Inventory levels fluctuate with a general upward trend, increasing from roughly 9,843 million US$ in September 2020 to a peak around 14,012 million US$ by September 2025. Periodic declines reflect adjustments or sales but overall indicate expanding stock holdings likely supporting increased operations.
Other Current Assets: Other current assets exhibit an overall growth trajectory, rising from around 1,715 million US$ in March 2020 to nearly 7,905 million US$ in September 2025, demonstrating accumulation in less typical short-term asset categories.
Current Assets: Total current assets remain relatively stable but tend to increase slowly, with a low near 38,740 million US$ in March 2022 and reaching approximately 57,118 million US$ by September 2025. This reflects the combined effects of cash fluctuations, receivables, inventory increases, and other current asset growth.
Customer Financing Assets: There is a clear decreasing trend in customer financing assets, dropping from 3,363 million US$ in June 2020 to about 2,071 million US$ in September 2025. This decline suggests reduced exposure or scaling back of customer financing initiatives.
Future Income Tax Benefits: Disclosure is limited and values vanish after mid-2020, potentially indicating reclassification or reduced recognition of these benefits in later periods.
Fixed Assets and Accumulated Depreciation: Fixed assets show a slow increase from approximately 25,118 million US$ in June 2020 to 34,370 million US$ in September 2025, while accumulated depreciation increases commensurately, reaching a peak near -18,045 million US$. The net fixed assets display moderate stability with minor fluctuations, indicating ongoing investment balanced with asset wear and tear.
Operating Lease Right-of-Use Assets: These assets decline from 2,624 million US$ in March 2020 to around 1,638 million US$ by June 2023, briefly rising afterwards to near 1,899 million US$ in September 2025, suggesting adjustments in lease portfolio or lease accounting practices.
Goodwill: Goodwill remains substantial and fairly stable, fluctuating around the 53,000 - 54,000 million US$ range, indicating consistent intangible asset valuation with limited impairments or acquisitions impacting this asset class.
Intangible Assets, Net: A gradual decrease is observed in intangible assets, declining from a peak of 42,003 million US$ in June 2020 down to near 32,260 million US$ by September 2025, reflecting amortization or write-down of intangible assets over time.
Other Assets: Other long-term assets vary substantially, with an initial decrease followed by some recovery, remaining below initial levels by the later periods, which may reflect disposals or revaluations.
Long-term Assets: Long-term assets overall remain broadly stable with slight decreases over time, moving from approximately 119,243 million US$ in June 2020 to about 111,554 million US$ in September 2025, indicating a modest contraction or shift in capital structure.
Total Assets: Total assets peak around 162,399 million US$ in September 2020, with minor declines thereafter but generally trending upward towards 168,672 million US$ in September 2025. The data suggests resilience and moderate asset growth over the medium term.

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