XML 25 R8.htm IDEA: XBRL DOCUMENT
v3.22.1

Acquisitions, Dispositions, Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2022
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract] |
Acquisitions, Dispositions, Goodwill and Other Intangible Assets [Text Block] | Acquisitions, Dispositions, Goodwill and Intangible Assets In the quarters ended March 31, 2022 and 2021, cash inflows related to dispositions were $35 million and $1.0 billion, respectively. Our dispositions of businesses in the quarter ended March 31, 2022, primarily consisted of immaterial dispositions in our aerospace businesses. Dispositions of businesses in the quarter ended March 31, 2021 reflect the January 8, 2021 sale of our Forcepoint business, for proceeds of $1.1 billion, net of cash transferred. We did not recognize a pre-tax gain or loss within the Condensed Consolidated Statement of Operations related to the sale of Forcepoint. Goodwill. Changes in our goodwill balances for the quarter ended March 31, 2022 were as follows:
(dollars in millions) | Balance as of January 1, 2022 |  | Acquisitions and Divestitures |  |  |  | Foreign Currency Translation and Other |  | Balance as of March 31, 2022
Collins Aerospace Systems | $ | 31,384 |  |  | $ | (1) |  |  |  |  | $ | (139) |  |  | $ | 31,244 |
Pratt & Whitney | 1,563 |  |  | — |  |  |  |  | — |  |  | 1,563 |
Raytheon Intelligence & Space | 9,813 |  |  | 21 |  |  |  |  | — |  |  | 9,834 |
Raytheon Missiles & Defense | 11,659 |  |  | — |  |  |  |  | (1) |  |  | 11,658 |
Total Segments | 54,419 |  |  | 20 |  |  |  |  | (140) |  |  | 54,299 |
Eliminations and other | 17 |  |  | — |  |  |  |  | — |  |  | 17 |
Total | $ | 54,436 |  |  | $ | 20 |  |  |  |  | $ | (140) |  |  | $ | 54,316 |
Intangible Assets. Identifiable intangible assets are comprised of the following:
| March 31, 2022 |  | December 31, 2021
(dollars in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Amortized: |  |  |  |  |  |  |
Collaboration assets | $ | 5,373 |  |  | $ | (1,227) |  |  | $ | 5,319 |  |  | $ | (1,173) |
Exclusivity assets | 2,737 |  |  | (328) |  |  | 2,673 |  |  | (318) |
Developed technology and other | 1,208 |  |  | (487) |  |  | 1,214 |  |  | (466) |
Customer relationships | 29,957 |  |  | (7,805) |  |  | 29,982 |  |  | (7,411) |
| 39,275 |  |  | (9,847) |  |  | 39,188 |  |  | (9,368) |
Unamortized: |  |  |  |  |  |  |
Trademarks and other | 8,690 |  |  | — |  |  | 8,696 |  |  | — |
Total | $ | 47,965 |  |  | $ | (9,847) |  |  | $ | 47,884 |  |  | $ | (9,368) |
Amortization of intangible assets for the quarters ended March 31, 2022 and 2021 was $487 million and $596 million, respectively. The following is the expected amortization of intangible assets for the remainder of 2022 through 2027.
(dollars in millions) |  | Remaining 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027
Amortization expense |  | $ | 1,491 |  |  | $ | 2,094 |  |  | $ | 2,216 |  |  | $ | 2,098 |  |  | $ | 2,009 |  |  | $ | 1,856 |

X
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration