Goodwill and Intangible Assets (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Intangible Asset, Goodwill and Other [Abstract] |
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| Schedule of Goodwill |
Changes in our goodwill balances for the six months ended June 30, 2026 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | Balance as of December 31, 2025 | | Acquisitions and Divestitures | | | | Foreign Currency Translation and Other | | Balance as of June 30, 2026 | | Collins Aerospace | $ | 32,776 | | | $ | — | | | | | $ | (222) | | | $ | 32,554 | | | Pratt & Whitney | 1,563 | | | 14 | | | | | — | | | 1,577 | | Raytheon (1) | 18,987 | | | (207) | | | | | — | | | 18,780 | | | Total Segments | 53,326 | | | (193) | | | | | (222) | | | 52,911 | | | Eliminations and other | 17 | | | — | | | | | — | | | 17 | | | Total | $ | 53,343 | | | $ | (193) | | | | | $ | (222) | | | $ | 52,928 | |
1) The reduction related to Acquisitions and Divestitures includes the reclassification of goodwill to assets held for sale and presented in Other assets, current within the Condensed Consolidated Balance Sheet.
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| Schedule of Indefinite-Lived Intangible Assets |
Identifiable intangible assets are comprised of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | (dollars in millions) | Gross Amount | | Accumulated Amortization | | Gross Amount | | Accumulated Amortization | | Amortized: | | | | | | | | | | | | | | | | | | | | | | | | | Collaboration assets | $ | 6,292 | | | $ | (2,539) | | | $ | 6,234 | | | $ | (2,374) | | | Exclusivity assets | 4,167 | | | (276) | | | 3,980 | | | (258) | | | Developed technology and other | 1,123 | | | (752) | | | 1,192 | | | (758) | | | Customer relationships | 29,226 | | | (14,664) | | | 29,338 | | | (13,989) | | | 40,808 | | | (18,231) | | | 40,744 | | | (17,379) | | | Indefinite-lived: | | | | | | | | | Trademarks and other | 8,466 | | | — | | | 8,480 | | | — | | | Total | $ | 49,274 | | | $ | (18,231) | | | $ | 49,224 | | | $ | (17,379) | |
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| Schedule of Finite-Lived Intangible Assets |
Identifiable intangible assets are comprised of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | (dollars in millions) | Gross Amount | | Accumulated Amortization | | Gross Amount | | Accumulated Amortization | | Amortized: | | | | | | | | | | | | | | | | | | | | | | | | | Collaboration assets | $ | 6,292 | | | $ | (2,539) | | | $ | 6,234 | | | $ | (2,374) | | | Exclusivity assets | 4,167 | | | (276) | | | 3,980 | | | (258) | | | Developed technology and other | 1,123 | | | (752) | | | 1,192 | | | (758) | | | Customer relationships | 29,226 | | | (14,664) | | | 29,338 | | | (13,989) | | | 40,808 | | | (18,231) | | | 40,744 | | | (17,379) | | | Indefinite-lived: | | | | | | | | | Trademarks and other | 8,466 | | | — | | | 8,480 | | | — | | | Total | $ | 49,274 | | | $ | (18,231) | | | $ | 49,224 | | | $ | (17,379) | |
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| Schedule of Finite-Lived Intangible Assets Expected Future Amortization Expense |
The following is the expected amortization of intangible assets for the remainder of 2026 through 2031: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | | Remaining 2026 | | 2027 | | 2028 | | 2029 | | 2030 | | 2031 | | Amortization expense | | $ | 983 | | | $ | 1,894 | | | $ | 1,790 | | | $ | 1,618 | | | $ | 1,597 | | | $ | 1,520 | |
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