Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Oct. 02, 2016 |
Sep. 27, 2015 |
Oct. 02, 2016 |
Sep. 27, 2015 |
|
| Net income | $ 524,000,000 | $ 443,000,000 | $ 1,633,000,000 | $ 1,500,000,000 |
| Pension and other postretirement benefit plans, net: | ||||
| Net loss arising during period | (174,000,000) | (127,000,000) | (174,000,000) | (127,000,000) |
| Amortization of prior service cost included in net periodic cost | 0 | 2,000,000 | 2,000,000 | 4,000,000 |
| Amortization of net actuarial loss included in net income | 267,000,000 | 281,000,000 | 758,000,000 | 847,000,000 |
| Loss due to settlements | 1,000,000 | 0 | 4,000,000 | 0 |
| Pension and other postretirement benefit plans, net | 94,000,000 | 156,000,000 | 590,000,000 | 724,000,000 |
| Foreign exchange translation | (32,000,000) | (28,000,000) | (78,000,000) | (30,000,000) |
| Cash flow hedges | 8,000,000 | (4,000,000) | 16,000,000 | (4,000,000) |
| Unrealized gains (losses) on investments and other, net | 13,000,000 | 0 | 15,000,000 | (6,000,000) |
| Other comprehensive income (loss), before tax | 83,000,000 | 124,000,000 | 543,000,000 | 684,000,000 |
| Income tax benefit (expense) related to items of other comprehensive income (loss) | (40,000,000) | (53,000,000) | (223,000,000) | (250,000,000) |
| Other comprehensive income (loss), net of tax | 43,000,000 | 71,000,000 | 320,000,000 | 434,000,000 |
| Total comprehensive income | 567,000,000 | 514,000,000 | 1,953,000,000 | 1,934,000,000 |
| Less: Comprehensive income (loss) attributable to noncontrolling interests in subsidiaries | (5,000,000) | (4,000,000) | (34,000,000) | (3,000,000) |
| Comprehensive income attributable to Raytheon Company | $ 572,000,000 | $ 518,000,000 | $ 1,987,000,000 | $ 1,937,000,000 |