Rendering

Component: (Network and Table)
Network
2301302 - Disclosure - Summary of Significant Accounting Policies (Tables)
(http://www.raytheon.com/role/SummaryOfSignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001047122 (http://www.sec.gov/CIK)
Accounting Policies [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Accounting Policies [Abstract]
 
Net EAC adjustments
Net EAC adjustments had the following impact on our operating results:
(In millions, except per share amounts)
2016

 
2015

 
2014

Operating income
$
401

 
$
371

 
$
513

Income from continuing operations attributable to Raytheon Company
272

 
241

 
333

Diluted earnings per share (EPS) from continuing operations attributable to Raytheon Company
$
0.92

 
$
0.79

 
$
1.07

  
Schedule of Inventories
Inventories consisted of the following at December 31: 
(In millions)
2016

 
2015

Materials and purchased parts
$
66

 
$
69

Work in process
583

 
551

Finished goods
10

 
15

Total
$
659

 
$
635

  
Schedule Of Property Plant And Equipment Estimated Useful Life Of Asset
Provisions for depreciation generally are computed using a combination of accelerated and straight-line methods and are based on estimated useful lives as follows: 
 
Years
Machinery and equipment
3–10
Buildings
20–45
  
Schedule of Accumulated Other Comprehensive Income (Loss)
A rollforward of Accumulated other comprehensive income (loss) was as follows:
 
Pension and PRB plans, net(1)

 
Foreign exchange translation

 
Cash flow hedges(2)

 
Unrealized gains (losses) on investments and other, net(3)

 
Total

 
 
 
 
 
(In millions)
 
 
 
 
Balance at December 31, 2013
$
(5,143
)
 
$
47

 
$
(8
)
 
$
(9
)
 
$
(5,113
)
Before tax amount
(3,514
)
 
(50
)
 
(10
)
 
1

 
(3,573
)
Tax (expense) benefit
1,225

 
—

 
4

 
(1
)
 
1,228

Net of tax amount
(2,289
)
 
(50
)
 
(6
)
 
—

 
(2,345
)
Balance at December 31, 2014
(7,432
)
 
(3
)
 
(14
)
 
(9
)
 
(7,458
)
Before tax amount
525

 
(57
)
 
(4
)
 
(5
)
 
459

Tax (expense) benefit
(181
)
 
—

 
2

 
2

 
(177
)
Net of tax amount
344

 
(57
)
 
(2
)
 
(3
)
 
282

Balance at December 31, 2015
(7,088
)
 
(60
)
 
(16
)
 
(12
)
 
(7,176
)
Before tax amount
(203
)
 
(115
)
 
25

 
15

 
(278
)
Tax (expense) benefit
57

 
—

 
(9
)
 
(5
)
 
43

Net of tax amount
(146
)
 
(115
)
 
16

 
10

 
(235
)
Balance at December 31, 2016
$
(7,234
)
 
$
(175
)
 
$
—

 
$
(2
)
 
$
(7,411
)

(1)
The pension and PRB plans, net, is shown net of tax benefits of $3,881 million and $3,824 million at December 31, 2016 and December 31, 2015, respectively.
(2)
The cash flow hedges are shown net of tax benefits of $1 million and $10 million at December 31, 2016 and December 31, 2015, respectively.
(3)
The unrealized gains (losses) on investments and other, net, are shown net of tax expense of $1 million and tax benefit of $4 million at December 31, 2016 and December 31, 2015, respectively.