Consolidated Balance Sheets (Unaudited) - USD ($)
Oct. 02, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 2,342,000,000 $ 2,328,000,000
Short-term investments 462,000,000 872,000,000
Contracts in process, net 6,469,000,000 5,564,000,000
Inventories 651,000,000 635,000,000
Prepaid expenses and other current assets 231,000,000 413,000,000
Total current assets 10,155,000,000 9,812,000,000
Property, plant and equipment, net 2,053,000,000 2,005,000,000
Goodwill 14,791,000,000 14,731,000,000
Other assets, net 2,453,000,000 2,733,000,000
Total assets 29,452,000,000 29,281,000,000
Current liabilities    
Advance payments and billings in excess of costs incurred 2,063,000,000 2,193,000,000
Accounts payable 1,415,000,000 1,402,000,000
Accrued employee compensation 1,131,000,000 1,154,000,000
Other current liabilities 1,392,000,000 1,377,000,000
Total current liabilities 6,001,000,000 6,126,000,000
Accrued retiree benefits and other long-term liabilities 7,284,000,000 7,140,000,000
Long-term debt 5,334,000,000 5,330,000,000
Commitments and contingencies (Note 10)
Redeemable noncontrolling interest (Note 8) 366,000,000 355,000,000
Raytheon Company stockholders’ equity    
Common stock, par value, $0.01 per share, 1,450 shares authorized, 294 and 299 shares outstanding at October 2, 2016 and December 31, 2015, respectively 3,000,000 3,000,000
Additional paid-in capital 0 398,000,000
Accumulated other comprehensive loss (6,856,000,000) (7,176,000,000)
Retained earnings 17,320,000,000 16,903,000,000
Total Raytheon Company stockholders’ equity 10,467,000,000 10,128,000,000
Noncontrolling interests in subsidiaries 0 202,000,000
Total equity 10,467,000,000 10,330,000,000
Total liabilities, redeemable noncontrolling interest and equity $ 29,452,000,000 $ 29,281,000,000