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.

Raytheon Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Commercial paper and current portion of long-term debt	1,499)	300)	300)	—)	—)
Contract liabilities	3,267)	3,309)	2,927)	2,239)	2,193)
Accounts payable	1,796)	1,964)	1,519)	1,520)	1,402)
Accrued employee compensation	1,813)	1,509)	1,342)	1,234)	1,154)
Other current liabilities	1,416)	1,206)	1,260)	1,434)	1,377)
Current liabilities	9,791)	8,288)	7,348)	6,427)	6,126)
Accrued retiree benefits and other long-term liabilities	8,553)	6,938)	8,287)	7,775)	7,140)
Long-term debt, excluding current portion	3,261)	4,755)	4,750)	5,335)	5,330)
Operating lease liabilities, noncurrent	706)	—)	—)	—)	—)
Long-term liabilities	12,520)	11,693)	13,037)	13,110)	12,470)
Total liabilities	22,311)	19,981)	20,385)	19,537)	18,596)
Redeemable noncontrolling interests	32)	411)	512)	449)	355)
Common stock, par value, $0.01 per share	3)	3)	3)	3)	3)
Additional paid-in capital	—)	—)	—)	—)	398)
Accumulated other comprehensive loss	(9,260)	(8,618)	(7,935)	(7,411)	(7,176)
Retained earnings	21,480)	20,087)	17,895)	17,474)	16,903)
Total Raytheon Company stockholders’ equity	12,223)	11,472)	9,963)	10,066)	10,128)
Noncontrolling interests in subsidiaries	—)	—)	—)	—)	202)
Total equity	12,223)	11,472)	9,963)	10,066)	10,330)
Total liabilities, redeemable noncontrolling interests and equity	34,566)	31,864)	30,860)	30,052)	29,281)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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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.	Raytheon Co. current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Raytheon Co. long-term liabilities decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 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.	Raytheon Co. total liabilities decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Total Raytheon Company stockholders’ 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.	Raytheon Co. total Raytheon Company stockholders’ equity increased from 2017 to 2018 and from 2018 to 2019.

Raytheon Co. (NYSE:RTN)

Balance Sheet: Liabilities and Stockholders’ Equity