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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in our goodwill balances for the nine months ended September 30, 2025 were as follows:
(dollars in millions) | Balance as of December 31, 2024 |  | Acquisitions and Divestitures |  |  |  | Foreign Currency Translation and Other |  | Balance as of September 30, 2025
Collins Aerospace (1) | $ | 32,223 |  |  | $ | (256) |  |  |  |  | $ | 777 |  |  | $ | 32,744 |
Pratt & Whitney | 1,563 |  |  | — |  |  |  |  | — |  |  | 1,563 |
Raytheon | 18,986 |  |  | — |  |  |  |  | 1 |  |  | 18,987 |
Total Segments | 52,772 |  |  | (256) |  |  |  |  | 778 |  |  | 53,294 |
Eliminations and other | 17 |  |  | — |  |  |  |  | — |  |  | 17 |
Total | $ | 52,789 |  |  | $ | (256) |  |  |  |  | $ | 778 |  |  | $ | 53,311 |
(1) The reduction related to Acquisitions and Divestitures includes the reclassification of goodwill to assets held for sale and presented in Other assets within the Condensed Consolidated Balance Sheet.
Schedule of Indefinite-Lived Intangible Assets | Identifiable intangible assets are comprised of the following:
| September 30, 2025 |  | December 31, 2024
(dollars in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Amortized: |  |  |  |  |  |  |
Collaboration assets | $ | 6,203 |  |  | $ | (2,239) |  |  | $ | 6,159 |  |  | $ | (1,996) |
Exclusivity assets | 3,872 |  |  | (251) |  |  | 3,692 |  |  | (361) |
Developed technology and other | 1,186 |  |  | (739) |  |  | 1,197 |  |  | (698) |
Customer relationships | 29,333 |  |  | (13,581) |  |  | 29,388 |  |  | (12,401) |
| 40,594 |  |  | (16,810) |  |  | 40,436 |  |  | (15,456) |
Indefinite-lived: |  |  |  |  |  |  |
Trademarks and other | 8,476 |  |  | — |  |  | 8,463 |  |  | — |
Total | $ | 49,070 |  |  | $ | (16,810) |  |  | $ | 48,899 |  |  | $ | (15,456) |
Schedule of Finite-Lived Intangible Assets | Identifiable intangible assets are comprised of the following:
| September 30, 2025 |  | December 31, 2024
(dollars in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Amortized: |  |  |  |  |  |  |
Collaboration assets | $ | 6,203 |  |  | $ | (2,239) |  |  | $ | 6,159 |  |  | $ | (1,996) |
Exclusivity assets | 3,872 |  |  | (251) |  |  | 3,692 |  |  | (361) |
Developed technology and other | 1,186 |  |  | (739) |  |  | 1,197 |  |  | (698) |
Customer relationships | 29,333 |  |  | (13,581) |  |  | 29,388 |  |  | (12,401) |
| 40,594 |  |  | (16,810) |  |  | 40,436 |  |  | (15,456) |
Indefinite-lived: |  |  |  |  |  |  |
Trademarks and other | 8,476 |  |  | — |  |  | 8,463 |  |  | — |
Total | $ | 49,070 |  |  | $ | (16,810) |  |  | $ | 48,899 |  |  | $ | (15,456) |
Schedule of Finite-Lived Intangible Assets Expected Future Amortization Expense | The following is the expected amortization of intangible assets for the remainder of 2025 through 2030:
(dollars in millions) |  | Remaining 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030
Amortization expense |  | $ | 545 |  |  | $ | 1,991 |  |  | $ | 1,897 |  |  | $ | 1,810 |  |  | $ | 1,682 |  |  | $ | 1,644 |

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