CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net sales      
Products $ 20,380 $ 20,725 $ 21,363
Services 4,034 4,066 3,787
Total net sales 24,414 24,791 25,150
Operating expenses      
Cost of sales - products 15,712 16,245 17,000
Cost of sales - services 3,380 3,419 3,273
Administrative and selling expenses 1,629 1,672 1,639
Research and development expenses 704 625 625
Total operating expenses 21,425 21,961 22,537
Operating income 2,989 2,830 2,613
Interest expense 201 172 126
Interest income (9) (14) (12)
Other expense (income), net 18 12 65
Total non-operating (income) expense, net 210 170 179
Income from continuing operations before taxes 2,779 2,660 2,434
Federal and foreign income taxes 878 782 590
Income from continuing operations 1,901 1,878 1,844
Income (loss) from discontinued operations, net of tax (1) 18 35
Net income 1,900 1,896 1,879
Less: Net Income attributable to noncontrolling interests in subsidiaries 12 30 39
Net income attributable to Raytheon Company 1,888 1,866 1,840
Basic earnings per share attributable to Raytheon Company common stockholders:      
Income from continuing operations $ 5.67 $ 5.25 $ 4.84
Income (loss) from discontinued operations, net of tax $ 0.00 $ 0.05 $ 0.09
Net income $ 5.67 $ 5.30 $ 4.94
Diluted earnings per share attributable to Raytheon Company common stockholders:      
Income from continuing operations $ 5.65 $ 5.22 $ 4.79
Income (loss) from discontinued operations, net of tax $ 0.00 $ 0.05 $ 0.09
Net income $ 5.65 $ 5.28 $ 4.88
Amounts attributable to Raytheon Company common stockholders:      
Income from continuing operations 1,889 1,848 1,805
Income (loss) from discontinued operations, net of tax $ (1) $ 18 $ 35