Balance Sheet: Liabilities and Stockholders’ Equity

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

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Short-term borrowings	189)	625)	134)	247)	2,364)
Accounts payable	10,698)	9,896)	8,751)	8,639)	10,809)
Accrued employee compensation	2,491)	2,401)	2,658)	3,006)	2,407)
Other accrued liabilities	14,917)	10,999)	10,162)	10,517)	9,330)
Contract liabilities	17,183)	14,598)	13,720)	12,889)	6,180)
Long-term debt currently due	1,283)	595)	24)	550)	3,496)
Current liabilities	46,761)	39,114)	35,449)	35,848)	34,586)
Long-term debt, excluding currently due	42,355)	30,694)	31,327)	31,026)	37,788)
Operating lease liabilities, non-current	1,412)	1,586)	1,657)	1,516)	2,144)
Future pension and postretirement benefit obligations	2,385)	4,807)	7,855)	10,342)	3,502)
Other long-term liabilities	7,511)	8,449)	10,417)	9,537)	17,370)
Long-term liabilities	53,663)	45,536)	51,256)	52,421)	60,804)
Total liabilities	100,424)	84,650)	86,705)	88,269)	95,390)
Redeemable noncontrolling interest	35)	36)	35)	32)	95)
Preferred stock, $1 par value; none issued or outstanding	—)	—)	—)	—)	—)
Common stock, $1 par value	37,055)	37,939)	37,483)	36,930)	23,019)
Treasury stock, common shares at average cost	(26,977)	(15,530)	(12,727)	(10,407)	(32,626)
Retained earnings	52,154)	52,269)	50,265)	49,423)	61,594)
Unearned ESOP shares	(15)	(28)	(38)	(49)	(64)
Accumulated other comprehensive loss	(2,419)	(2,018)	(1,915)	(3,734)	(10,149)
Shareowners’ equity	59,798)	72,632)	73,068)	72,163)	41,774)
Noncontrolling interest	1,612)	1,546)	1,596)	1,689)	2,457)
Total equity	61,410)	74,178)	74,664)	73,852)	44,231)
Total liabilities, redeemable noncontrolling interest, and equity	161,869)	158,864)	161,404)	162,153)	139,716)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	RTX Corp. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	RTX Corp. long-term liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	RTX Corp. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Shareowners’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	RTX Corp. shareowners’ equity decreased from 2021 to 2022 and from 2022 to 2023.

RTX Corp. (NYSE:RTX)

Balance Sheet: Liabilities and Stockholders’ Equity