Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name RAYTHEON CO/
CIK 0001047122
Accession number 0001047122-14-000013
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1047122/000104712214000013/rtn-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Appears to use incorrect concepts on their balance sheet for deferred taxes.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Deferred income taxes consisted of the following at December 31:
(In millions)
2013

 
2012

Current deferred tax assets (liabilities)
 
 
 
Accrued employee compensation and benefits
$
240

 
$
226

Other accrued expenses and reserves
191

 
181

Contracts in process and inventories
(513
)
 
(311
)
Deferred income taxes-current
$
(82
)
 
$
96

Noncurrent deferred tax assets (liabilities)
 
 
 
Pension benefits
$
934

 
$
2,490

Other retiree benefits
113

 
118

Net operating loss and tax credit carryforwards
116

 
148

Depreciation and amortization
(1,346
)
 
(1,312
)
Other
(74
)
 
(86
)
Deferred income taxes-noncurrent
$
(257
)
 
$
1,358

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 66,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance 0
Deferred tax assets, net 0
Deferred tax liabilities -323,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -339,000,000
CHECK -16,000,000

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current -82,000,000 us-gaap:DeferredTaxLiabilitiesCurrent
Deferred tax liabilities, net, noncurrent -257,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -339,000,000
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 0
Deferred tax liabilities, net -323,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -339,000,000
CHECK -16,000,000

*

*

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