SEC Info - Raytheon Co - ‘10-K’ for 12/31/17

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.09M 
 2: EX-10.36    Summary of Executive Perquisites                    HTML     40K 
 4: EX-21       Subsidiaries of Raytheon Company                    HTML     40K 
 5: EX-23       Consent of Independent Registered Public            HTML     41K 
                Accounting Firm                                                  
 3: EX-12       Statement Regarding Computation of Ratio of         HTML     60K 
                Earnings to Fixed Charges                                        
 6: EX-31.1     Certification of Chairman and Chief Executive       HTML     47K 
                Officer, Section 302                                             
 7: EX-31.2     Certification of Vice President and Chief           HTML     47K 
                Financial Officer, Section 302                                   
 8: EX-32.1     Certification of Chairman and Chief Executive       HTML     41K 
                Officer, Section 906                                             
 9: EX-32.2     Certification of Vice President and Chief           HTML     42K 
                Financial Officer, Section 906                                   
16: R1          Document and Entity Information Document            HTML     69K 
17: R2          Consolidated Balance Sheets                         HTML    126K 
18: R3          Consolidated Balance Sheets Consolidated Balance    HTML     45K 
                Sheets (Parenthetical)                                           
19: R4          Consolidated Statements of Operations               HTML    129K 
20: R5          Consolidated Statements of Comprehensive Income     HTML     91K 
21: R6          Consolidated Statements of Equity                   HTML     87K 
22: R7          Consolidated Statements of Cash Flows               HTML    166K 
23: R8          Summary of Significant Accounting Policies          HTML    278K 
24: R9          Earnings Per Share (Eps)                            HTML     86K 
25: R10         eBorders Settlement                                 HTML     42K 
26: R11         Acquisitions and Goodwill                           HTML    109K 
27: R12         Thales-Raytheon Systems Co. Ltd. (TRS) Joint        HTML     44K 
                Venture                                                          
28: R13         Receivables, Net                                    HTML     53K 
29: R14         Contract Assets and Contract Liabilities            HTML     82K 
30: R15         Property, Plant and Equipment, Net                  HTML     54K 
31: R16         Other Assets, Net                                   HTML     58K 
32: R17         Commercial Paper and Long-term Debt                 HTML     88K 
33: R18         Commitments and Contingencies                       HTML     83K 
34: R19         Forcepoint Joint Venture                            HTML     59K 
35: R20         Stockholders' Equity                                HTML     76K 
36: R21         Stock-based Compensation Plans                      HTML    152K 
37: R22         Pension and Other Employee Benefits                 HTML    508K 
38: R23         Income Taxes                                        HTML    141K 
39: R24         Business Segment Reporting                          HTML    890K 
40: R25         Quarterly Operating Results (Unaudited)             HTML    135K 
41: R26         Summary of Significant Accounting Policies          HTML    364K 
                (Policies)                                                       
42: R27         Summary of Significant Accounting Policies          HTML    190K 
                (Tables)                                                         
43: R28         Earnings Per Share (Eps) (Tables)                   HTML     87K 
44: R29         Acquisitions and Goodwill (Tables)                  HTML    104K 
45: R30         Receivables, Net (Tables)                           HTML     50K 
46: R31         Contract Assets and Contract Liabilities (Tables)   HTML     76K 
47: R32         Property, Plant and Equipment, Net (Tables)         HTML     53K 
48: R33         Other Assets, Net (Tables)                          HTML     54K 
49: R34         Commercial Paper and Long-term Debt (Tables)        HTML     85K 
50: R35         Commitments and Contingencies (Tables)              HTML     77K 
51: R36         Forcepoint Joint Venture (Tables)                   HTML     55K 
52: R37         Stockholders' Equity (Tables)                       HTML     70K 
53: R38         Stock-based Compensation Plans (Tables)             HTML    150K 
54: R39         Pension and Other Employee Benefits (Tables)        HTML    506K 
55: R40         Income Taxes (Tables)                               HTML    132K 
56: R41         Business Segment Reporting (Tables)                 HTML    895K 
57: R42         Quarterly Operating Results (Unaudited) (Tables)    HTML    135K 
58: R43         Summary of Significant Accounting Policies          HTML    207K 
                (Narrative) (Details)                                            
59: R44         Summary of Significant Accounting Policies (Net     HTML     58K 
                EAC adjustments) (Details)                                       
60: R45         Summary of Significant Accounting Policies          HTML     49K 
                (Inventories) (Details)                                          
61: R46         Summary of Significant Accounting Policies          HTML     49K 
                (Property, Plant and Equipment, Net) (Details)                   
62: R47         Summary of Significant Accounting Policies          HTML    111K 
                (Accumulated Other Comprehensive Income) (Details)               
63: R48         Summary of Significant Accounting Policies (New     HTML     57K 
                Accounting Pronouncement, Early Adoption of ASU                  
                2014-09) (Details)                                               
64: R49         Summary of Significant Accounting Policies (New     HTML     54K 
                Accounting Pronouncement, Early Adoption of ASU                  
                2016-18) (Details)                                               
65: R50         Earnings Per Share (Eps) (Narrative) (Details)      HTML     56K 
66: R51         Earnings Per Share (Eps) (EPS from Continuing       HTML     67K 
                Operations) (Details)                                            
67: R52         Earnings Per Share (Eps) (Income from               HTML     49K 
                Participating Securities) (Details)                              
68: R53         Earnings Per Share (Eps) (Weighted-average Shares   HTML     52K 
                Outstanding for Basic and Diluted EPS) (Details)                 
69: R54         eBorders Settlement (Narrative) (Details)           HTML     48K 
70: R55         Acquisitions and Goodwill (Narrative) (Details)     HTML     80K 
71: R56         Acquisitions and Goodwill (Purchase Price           HTML     68K 
                Allocation) (Details)                                            
72: R57         Acquisitions and Goodwill (Intangible Assets        HTML     55K 
                Acquired) (Details)                                              
73: R58         Acquisitions and Goodwill (Rollforward of Goodwill  HTML     76K 
                by Segments) (Details)                                           
74: R59         Thales-Raytheon Systems Co. Ltd. (TRS) Joint        HTML     57K 
                Venture Thales-Raytheon Systems Co. Ltd. (TRS)                   
                Joint Venture (Narrative) (Details)                              
75: R60         Receivables, Net (Schedule of Receivables, Net)     HTML     50K 
                (Details)                                                        
76: R61         Contract Assets and Contract Liabilities            HTML     55K 
                (Narrative) (Details)                                            
77: R62         Contract Assets and Contract Liabilities (Net       HTML     65K 
                Contract Assets (Liabilities)) (Details)                         
78: R63         Contract Assets and Contract Liabilities (Schedule  HTML     55K 
                of Contract Assets) (Details)                                    
79: R64         Property, Plant and Equipment, Net (Narrative)      HTML     42K 
                (Details)                                                        
80: R65         Property, Plant and Equipment, Net (Property,       HTML     56K 
                Plant and Equipment, Net) (Details)                              
81: R66         Other Assets, Net (Narrative) (Details)             HTML     69K 
82: R67         Other Assets, Net (Schedule of Other Assets, Net)   HTML     58K 
                (Details)                                                        
83: R68         Commercial Paper and Long-term Debt (Narrative)     HTML     85K 
                (Details)                                                        
84: R69         Commercial Paper and Long-term Debt (Schedule of    HTML     73K 
                Notes Payable and Long-term Debt) (Details)                      
85: R70         Commercial Paper and Long-term Debt (Fair value of  HTML     41K 
                long-term debt) (Details)                                        
86: R71         Commercial Paper and Long-term Debt (Adjustments    HTML     67K 
                and payments to the Principal Amounts of Long-term               
                Debt) (Details)                                                  
87: R72         Commitments and Contingencies (Narrative)           HTML     53K 
                (Details)                                                        
88: R73         Commitments and Contingencies (Schedule of Annual   HTML     56K 
                Rentals on a Net Lease Basis) (Details)                          
89: R74         Commitments and Contingencies (Remediation Cost     HTML     50K 
                Estimates) (Details)                                             
90: R75         Commitments and Contingencies (Schedule of          HTML     54K 
                Environmental Remediation Costs) (Details)                       
91: R76         Commitments and Contingencies (Stated Values        HTML     47K 
                Outstanding) (Details)                                           
92: R77         Forcepoint Joint Venture (Narrative) (Details)      HTML     54K 
93: R78         Forcepoint Joint Venture (Redeemable                HTML     56K 
                Noncontrolling Interest Rollforward) (Details)                   
94: R79         Stockholders' Equity (Narrative) (Details)          HTML     78K 
95: R80         Stockholders' Equity (Changes in Shares of Common   HTML     49K 
                Stock Outstanding) (Details)                                     
96: R81         Stockholders' Equity (Repurchases of Common Stock   HTML     52K 
                Under Share Repurchase Programs) (Details)                       
97: R82         Stock-based Compensation Plans (Narrative)          HTML    113K 
                (Details)                                                        
98: R83         Stock-based Compensation Plans (Schedule of         HTML     53K 
                Stock-based Compensation) (Details)                              
99: R84         Stock-based Compensation Plans (Schedule of         HTML     74K 
                Stock-based Compensation Arrangements by                         
                Share-based Payment Award - Restricted Stock and                 
                RSUs) (Details)                                                  
100: R85         Stock-based Compensation Plans (Assumptions used    HTML     51K  
                in Monte Carlo Model) (Details)                                  
101: R86         Stock-based Compensation Plans (Schedule of         HTML     82K  
                Stock-based Compensation Arrangements by                         
                Share-based Payment Award - LTPP) (Details)                      
102: R87         Stock-based Compensation Plans (Assumptions used    HTML     56K  
                in Black-Scholes Model) (Details)                                
103: R88         Pension and Other Employee Benefits (Narrative)     HTML    146K  
                (Details)                                                        
104: R89         Pension and Other Employee Benefits (Fair value of  HTML     46K  
                plan assets) (Details)                                           
105: R90         Pension and Other Employee Benefits (Marketable     HTML     43K  
                securities held in trust) (Details)                              
106: R91         Pension and Other Employee Benefits (Pension        HTML     49K  
                Contributions) (Details)                                         
107: R92         Pension and Other Employee Benefits (Pension        HTML     59K  
                Benefits Expected to be Paid from Plans or                       
                Companies Assets) (Details)                                      
108: R93         Pension and Other Employee Benefits (Schedule of    HTML     62K  
                Components of Net Periodic Benefit Expense                       
                (Income) Pension) (Details)                                      
109: R94         Pension and Other Employee Benefits (Schedule of    HTML     62K  
                Components of Net Periodic Benefit Expense                       
                (Income) PRB Benefits) (Details)                                 
110: R95         Pension and Other Employee Benefits (Schedule of    HTML     58K  
                Funded Status Amounts Recognized on our Balance                  
                Sheets) (Details)                                                
111: R96         Pension and Other Employee Benefits (Schedule of    HTML     58K  
                Reconciliation of Amounts on our Balance Sheets)                 
                (Details)                                                        
112: R97         Pension and Other Employee Benefits (Source of      HTML     79K  
                Change in Accumulated Other Comprehensive Loss)                  
                (Details)                                                        
113: R98         Pension and Other Employee Benefits (Adjustment to  HTML     51K  
                Accumulated Other Comprehensive Loss) (Details)                  
114: R99         Pension and Other Employee Benefits (PBO & ABO      HTML     49K  
                Schedule) (Details)                                              
115: R100        Pension and Other Employee Benefits (Schedule of    HTML     70K  
                Change in Projected Benefit Obligation) (Details)                
116: R101        Pension and Other Employee Benefits (Schedule of    HTML     65K  
                Change in Plan Assets) (Details)                                 
117: R102        Pension and Other Employee Benefits (Schedule of    HTML     65K  
                Weighted-Average Net Periodic Benefit Cost                       
                Assumptions) (Details)                                           
118: R103        Pension and Other Employee Benefits (Schedule of    HTML     62K  
                Weighted-Average Year-End Benefit Obligation                     
                Assumptions) (Details)                                           
119: R104        Pension and Other Employee Benefits (Long-term      HTML     46K  
                returns used in ROA assumptions) (Details)                       
120: R105        Pension and Other Employee Benefits (Schedule of    HTML     69K  
                Investment Allocation Ranges) (Details)                          
121: R106        Pension and Other Employee Benefits (Schedule of    HTML    145K  
                Fair Value Measurements of the Company's Pension                 
                Plan Assets By Asset Category And By Level)                      
                (Details)                                                        
122: R107        Pension and Other Employee Benefits (VEBA Trusts)   HTML     53K  
                (Details)                                                        
123: R108        Income Taxes (Narrative) (Details)                  HTML     84K  
124: R109        Income Taxes (Schedule of Provision for Federal     HTML     60K  
                and Foreign Income Taxes) (Details)                              
125: R110        Income Taxes (Schedule of Expenses for Income       HTML     74K  
                Taxes that Differ from the US Statutory Rate                     
                Reconciliation) (Details)                                        
126: R111        Income Taxes (Schedule of Domestic and Foreign      HTML     45K  
                Income from continuing operations before taxes)                  
                (Details)                                                        
127: R112        Income Taxes (Schedule of Income Taxes Paid, Net)   HTML     48K  
                (Details)                                                        
128: R113        Income Taxes (Schedule of Deferred Income Tax)      HTML     69K  
                (Details)                                                        
129: R114        Business Segment Reporting (Segment Operating       HTML    122K  
                Performance) (Details)                                           
130: R115        Business Segment Reporting (Components of FAS/CAS   HTML     48K  
                Adjustment) (Details)                                            
131: R116        Business Segment Reporting (Capital Expenditures)   HTML     57K  
                (Details)                                                        
132: R117        Business Segment Reporting (Depreciation and        HTML     61K  
                Amortization) (Details)                                          
133: R118        Business Segment Reporting (Components of Total     HTML     56K  
                Assets) (Details)                                                
134: R119        Business Segment Reporting (Schedule of Property    HTML     47K  
                Plant and Equipment by Geographic Area) (Details)                
135: R120        Business Segment Reporting (Disaggregation of       HTML    480K  
                Revenue) (Details)                                               
136: R121        Quarterly Operating Results (Unaudited) (Schedule   HTML     96K  
                of Quarterly Operating Results) (Details)                        
138: XML         IDEA XML File -- Filing Summary                      XML    277K  
137: EXCEL       IDEA Workbook of Financial Reports                  XLSX    190K  
10: EX-101.INS  XBRL Instance -- rtn-20171231                        XML   9.49M 
12: EX-101.CAL  XBRL Calculations -- rtn-20171231_cal                XML    416K 
13: EX-101.DEF  XBRL Definitions -- rtn-20171231_def                 XML   1.82M 
14: EX-101.LAB  XBRL Labels -- rtn-20171231_lab                      XML   2.88M 
15: EX-101.PRE  XBRL Presentations -- rtn-20171231_pre               XML   2.09M 
11: EX-101.SCH  XBRL Schema -- rtn-20171231                          XSD    292K 
139: ZIP         XBRL Zipped Folder -- 0001047122-18-000022-xbrl      Zip    574K

‘R41’ — Business Segment Reporting (Tables)

This is an IDEA Financial Report. [ Alternative Formats ]

Business Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segment Operating Performance

Segment financial results were as follows:



Total Net Sales (in millions)	2017			2016			2015
Integrated Defense Systems	$	5,804		$	5,529		$	5,848
Intelligence, Information and Services	6,177			6,169			6,137
Missile Systems	7,787			7,096			6,569
Space and Airborne Systems	6,430			6,182			5,814
Forcepoint	608			586			344
Eliminations	(1,423		)	(1,361		)	(1,330		)
Total business segment sales	25,383			24,201			23,382
Acquisition Accounting Adjustments	(35		)	(77		)	(61		)
Total	$	25,348		$	24,124		$	23,321



Intersegment Sales (in millions)	2017		2016		2015
Integrated Defense Systems	$	64	$	69	$	64
Intelligence, Information and Services	666		657		624
Missile Systems	132		122		143
Space and Airborne Systems	540		493		484
Forcepoint	21		20		15
Total	$	1,423	$	1,361	$	1,330



Operating Income (in millions)	2017			2016			2015
Integrated Defense Systems	$	935		$	971		$	859
Intelligence, Information and Services	455			467			648
Missile Systems	1,010			921			877
Space and Airborne Systems	862			808			851
Forcepoint	33			90			56
Eliminations	(148		)	(142		)	(140		)
Total business segment operating income	3,147			3,115			3,151
Acquisition Accounting Adjustments	(160		)	(198		)	(168		)
FAS/CAS Adjustment	390			435			185
Corporate	(59		)	(57		)	(101		)
Total	$	3,318		$	3,295		$	3,067



Intersegment Operating Income (in millions)	2017		2016		2015
Integrated Defense Systems	$	5	$	4	$	2
Intelligence, Information and Services	64		65		68
Missile Systems	13		12		15
Space and Airborne Systems	51		46		47
Forcepoint	15		15		8
Total	$	148	$	142	$	140

Components of FAS/CAS Adjustment

The components of the FAS/CAS Adjustment were as follows:



(In millions)	2017			2016		2015
FAS/CAS Pension Adjustment	$	397		$	435	$	182
FAS/CAS PRB Adjustment	(7		)	—		3
FAS/CAS Adjustment	$	390		$	435	$	185

Schedules of Capital Expenditures and Depreciation and Amortization



Capital Expenditures (in millions)	2017		2016		2015
Integrated Defense Systems	$	200	$	135	$	124
Intelligence, Information and Services	22		59		87
Missile Systems	221		135		62
Space and Airborne Systems	158		149		131
Forcepoint	14		19		10
Corporate	19		29		11
Total⁽¹⁾	$	634	$	526	$	425


(1)	Total capital expenditures may not agree to our consolidated statements of cash flows due to non-cash transactions.



Depreciation and Amortization (in millions)	2017		2016		2015
Integrated Defense Systems	$	98	$	88	$	86
Intelligence, Information and Services	50		65		48
Missile Systems	84		69		74
Space and Airborne Systems	132		122		131
Forcepoint	17		15		8
Acquisition Accounting Adjustments	125		121		107
Corporate	44		35		35
Total	$	550	$	515	$	489

Components of Identifiable Assets



Total Assets (in millions)	2017		2016
Integrated Defense Systems⁽¹⁾	$	4,679	$	4,573
Intelligence, Information and Services⁽¹⁾	4,230		4,315
Missile Systems⁽¹⁾	7,338		6,970
Space and Airborne Systems⁽¹⁾	6,696		6,564
Forcepoint⁽¹⁾	2,543		2,548
Corporate	5,374		5,268
Total	$	30,860	$	30,238


(1)	Total assets includes intangible assets. Related amortization expense is included in Acquisition Accounting Adjustments.

Schedule of Property Plant and Equipment, Net, by Geographic Areas



Property, Plant and Equipment, Net, by Geographic Area (in millions)	2017		2016
United States	$	2,362	$	2,085
All other (principally Europe)	77		81
Total	$	2,439	$	2,166

Disaggregation of Revenue

We disaggregate our revenue from contracts with customers by geographic location, customer-type and contract-type for each of our segments, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. See details in the tables below.



	2017
Disaggregation of Total Net Sales (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Other			Total
United States
Sales to the U.S. government⁽¹⁾
Fixed-price contracts	$	812	$	1,090	$	2,914	$	2,233	$	111	$	—		$	7,160
Cost-type contracts	1,507		3,576		1,991		2,614		12		—			9,700
Direct commercial sales and other U.S. sales
Fixed-price contracts	6		130		1		51		202		—			390
Cost-type contracts	1		9		—		2		1		—			13
Asia/Pacific
Foreign military sales through the U.S. government
Fixed-price contracts	167		181		410		113		—		—			871
Cost-type contracts	138		51		64		9		—		—			262
Direct commercial sales and other foreign sales⁽¹⁾
Fixed-price contracts	596		193		309		284		59		—			1,441
Cost-type contracts	145		—		1		1		—		—			147
Middle East and North Africa
Foreign military sales through the U.S. government
Fixed-price contracts	1,066		18		371		191		—		—			1,646
Cost-type contracts	154		1		22		30		—		—			207
Direct commercial sales and other foreign sales⁽¹⁾
Fixed-price contracts	979		18		1,013		175		25		—			2,210
Cost-type contracts	—		—		—		—		—		—			—
All other (principally Europe)
Foreign military sales through the U.S. government
Fixed-price contracts	7		3		157		51		—		—			218
Cost-type contracts	22		2		78		5		—		—			107
Direct commercial sales and other foreign sales⁽¹⁾
Fixed-price contracts	128		209		320		131		142		—			930
Cost-type contracts	12		30		4		—		—		—			46
Total net sales	5,740		5,511		7,655		5,890		552		—			25,348
Intersegment sales	64		666		132		540		21		(1,423		)	—
Acquisition Accounting Adjustments	—		—		—		—		35		(35		)	—
Reconciliation to business segment sales	$	5,804	$	6,177	$	7,787	$	6,430	$	608	$	(1,458	)	$	25,348


(1)	Excludes foreign military sales through the U.S. government.



	2017
Total Net Sales by Geographic Areas (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Total
United States	$	2,326	$	4,805	$	4,906	$	4,900	$	326	$	17,263
Asia/Pacific	1,046		425		784		407		59		2,721
Middle East and North Africa	2,199		37		1,406		396		25		4,063
All other (principally Europe)	169		244		559		187		142		1,301
Total net sales	$	5,740	$	5,511	$	7,655	$	5,890	$	552	$	25,348



	2017
Total Net Sales by Major Customers (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Total
Sales to the U.S. government⁽¹⁾	$	2,319	$	4,666	$	4,905	$	4,847	$	123	$	16,860
U.S. direct commercial sales and other U.S. sales	7		139		1		53		203		403
Foreign military sales through the U.S. government	1,554		256		1,102		399		—		3,311
Foreign direct commercial sales and other foreign sales⁽¹⁾	1,860		450		1,647		591		226		4,774
Total net sales	$	5,740	$	5,511	$	7,655	$	5,890	$	552	$	25,348


(1)	Excludes foreign military sales through the U.S. government.



	2017
Total Net Sales by Contract Type (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Total
Fixed-price contracts	$	3,761	$	1,842	$	5,495	$	3,229	$	539	$	14,866
Cost-type contracts	1,979		3,669		2,160		2,661		13		10,482
Total net sales	$	5,740	$	5,511	$	7,655	$	5,890	$	552	$	25,348



	2016
Disaggregation of Total Net Sales (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Other			Total
United States
Sales to the U.S. government⁽¹⁾
Fixed-price contracts	$	766	$	1,170	$	2,647	$	2,321	$	86	$	—		$	6,990
Cost-type contracts	1,473		3,357		1,902		2,345		16		—			9,093
Direct commercial sales and other U.S. sales
Fixed-price contracts	13		167		2		20		193		—			395
Cost-type contracts	5		22		—		3		—		—			30
Asia/Pacific
Foreign military sales through the U.S. government
Fixed-price contracts	136		180		328		107		—		—			751
Cost-type contracts	119		77		70		6		—		—			272
Direct commercial sales and other foreign sales⁽¹⁾
Fixed-price contracts	502		166		249		288		49		—			1,254
Cost-type contracts	175		—		1		—		—		—			176
Middle East and North Africa
Foreign military sales through the U.S. government
Fixed-price contracts	816		60		387		148		—		—			1,411
Cost-type contracts	153		3		25		1		—		—			182
Direct commercial sales and other foreign sales⁽¹⁾
Fixed-price contracts	1,086		72		829		272		18		—			2,277
Cost-type contracts	1		—		—		—		—		—			1
All other (principally Europe)
Foreign military sales through the U.S. government
Fixed-price contracts	18		2		108		34		—		—			162
Cost-type contracts	23		—		90		8		—		—			121
Direct commercial sales and other foreign sales⁽¹⁾
Fixed-price contracts	162		206		333		136		127		—			964
Cost-type contracts	12		30		3		—		—		—			45
Total net sales	5,460		5,512		6,974		5,689		489		—			24,124
Intersegment sales	69		657		122		493		20		(1,361		)	—
Acquisition Accounting Adjustments	—		—		—		—		77		(77		)	—
Reconciliation to business segment sales	$	5,529	$	6,169	$	7,096	$	6,182	$	586	$	(1,438	)	$	24,124


(1)	Excludes foreign military sales through the U.S. government.



	2016
Total Net Sales by Geographic Areas (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Total
United States	$	2,257	$	4,716	$	4,551	$	4,689	$	295	$	16,508
Asia/Pacific	932		423		648		401		49		2,453
Middle East and North Africa	2,056		135		1,241		421		18		3,871
All other (principally Europe)	215		238		534		178		127		1,292
Total net sales	$	5,460	$	5,512	$	6,974	$	5,689	$	489	$	24,124



	2016
Total Net Sales by Major Customers (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Total
Sales to the U.S. government⁽¹⁾	$	2,239	$	4,527	$	4,549	$	4,666	$	102	$	16,083
U.S. direct commercial sales and other U.S. sales	18		189		2		23		193		425
Foreign military sales through the U.S. government	1,265		322		1,008		304		—		2,899
Foreign direct commercial sales and other foreign sales⁽¹⁾	1,938		474		1,415		696		194		4,717
Total net sales	$	5,460	$	5,512	$	6,974	$	5,689	$	489	$	24,124


(1)	Excludes foreign military sales through the U.S. government.



	2016
Total Net Sales by Contract Type (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Total
Fixed-price contracts	$	3,499	$	2,023	$	4,883	$	3,326	$	473	$	14,204
Cost-type contracts	1,961		3,489		2,091		2,363		16		9,920
Total net sales	$	5,460	$	5,512	$	6,974	$	5,689	$	489	$	24,124



	2015
Disaggregation of Total Net Sales (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Other			Total
United States
Sales to the U.S. government⁽¹⁾
Fixed-price contracts	$	876	$	1,065	$	2,261	$	2,330	$	74	$	—		$	6,606
Cost-type contracts	1,526		3,553		2,077		2,015		11		—			9,182
Direct commercial sales and other U.S. sales
Fixed-price contracts	27		140		1		27		92		—			287
Cost-type contracts	5		36		—		7		1		—			49
Asia/Pacific
Foreign military sales through the U.S. government
Fixed-price contracts	150		185		259		140		—		—			734
Cost-type contracts	119		4		48		5		—		—			176
Direct commercial sales and other foreign sales⁽¹⁾
Fixed-price contracts	509		173		259		326		25		—			1,292
Cost-type contracts	245		—		1		1		—		—			247
Middle East and North Africa
Foreign military sales through the U.S. government
Fixed-price contracts	720		27		433		264		—		—			1,444
Cost-type contracts	135		1		46		—		—		—			182
Direct commercial sales and other foreign sales⁽¹⁾
Fixed-price contracts	1,246		128		474		6		7		—			1,861
Cost-type contracts	—		—		—		—		—		—			—
All other (principally Europe)
Foreign military sales through the U.S. government
Fixed-price contracts	29		1		122		38		—		—			190
Cost-type contracts	24		—		58		4		—		—			86
Direct commercial sales and other foreign sales⁽¹⁾
Fixed-price contracts	166		167		386		167		58		—			944
Cost-type contracts	7		33		1		—		—		—			41
Total net sales	5,784		5,513		6,426		5,330		268		—			23,321
Intersegment sales	64		624		143		484		15		(1,330		)	—
Acquisition Accounting Adjustments	—		—		—		—		61		(61		)	—
Reconciliation to business segment sales	$	5,848	$	6,137	$	6,569	$	5,814	$	344	$	(1,391	)	$	23,321


(1)	Excludes foreign military sales through the U.S. government.



	2015
Total Net Sales by Geographic Areas (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Total
United States	$	2,434	$	4,794	$	4,339	$	4,379	$	178	$	16,124
Asia/Pacific	1,023		362		567		472		25		2,449
Middle East and North Africa	2,101		156		953		270		7		3,487
All other (principally Europe)	226		201		567		209		58		1,261
Total net sales	$	5,784	$	5,513	$	6,426	$	5,330	$	268	$	23,321



	2015
Total Net Sales by Major Customers (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Total
Sales to the U.S. government⁽¹⁾	$	2,402	$	4,618	$	4,338	$	4,345	$	85	$	15,788
U.S. direct commercial sales and other U.S. sales	32		176		1		34		93		336
Foreign military sales through the U.S. government	1,177		218		966		451		—		2,812
Foreign direct commercial sales and other foreign sales⁽¹⁾	2,173		501		1,121		500		90		4,385
Total net sales	$	5,784	$	5,513	$	6,426	$	5,330	$	268	$	23,321


(1)	Excludes foreign military sales through the U.S. government.



	2015
Total Net Sales by Contract Type (in millions)	Integrated Defense Systems		Intelligence, Information and Services		Missile Systems		Space and Airborne Systems		Forcepoint		Total
Fixed-price contracts	$	3,723	$	1,886	$	4,195	$	3,298	$	256	$	13,358
Cost-type contracts	2,061		3,627		2,231		2,032		12		9,963
Total net sales	$	5,784	$	5,513	$	6,426	$	5,330	$	268	$	23,321

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-K’ Filing	Date	Other Filings

Filed on:	2/14/18
For Period end:	12/31/17	11-K, SD
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Filing Submission 0001047122-18-000022 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Raytheon Co – ‘10-K’ for 12/31/17 – ‘R41’

On: Wednesday, 2/14/18, at 10:22am ET · For: 12/31/17 · Accession #: 1047122-18-22 · File #: 1-13699

Previous ‘10-K’: ‘10-K’ on 2/15/17 for 12/31/16 · Next: ‘10-K’ on 2/13/19 for 12/31/18 · Latest: ‘10-K/A’ on 4/1/20 for 12/31/19

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘R41’ — Business Segment Reporting (Tables)

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Raytheon Co – ‘10-K’ for 12/31/17 – ‘R41’

On: Wednesday, 2/14/18, at 10:22am ET · For: 12/31/17 · Accession #: 1047122-18-22 · File #: 1-13699

Previous ‘10-K’: ‘10-K’ on 2/15/17 for 12/31/16 · Next: ‘10-K’ on 2/13/19 for 12/31/18 · Latest: ‘10-K/A’ on 4/1/20 for 12/31/19

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘R41’ — Business Segment Reporting (Tables)

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents