Item 16. FORM 10-K SUMMARY

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Item 16. FORM 10-K SUMMARY

Not applicable.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


		RAYTHEON TECHNOLOGIES CORPORATION (Registrant)

Dated:	February 8, 2021	By:	/s/ ANTHONY F. O’BRIEN
			Anthony F. O’Brien
			Executive Vice President and Chief Financial Officer

			(on behalf of the Registrant and as the Registrant’s Principal Financial Officer)

Dated:	February 8, 2021	By:	/s/ MICHAEL J. WOOD
			Michael J. Wood
			Corporate Vice President and Controller

			(on behalf of the Registrant and as the Registrant’s Principal Accounting Officer)

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Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


Signature	Title	Date

/s/ GREGORY J. HAYES	Director, President and Chief Executive Officer (Principal Executive Officer)	February 8, 2021
(Gregory J. Hayes)

/s/ ANTHONY F. O’BRIEN	Executive Vice President and Chief Financial Officer (Principal Financial Officer)	February 8, 2021
(Anthony F. O’Brien)

/s/ MICHAEL J. WOOD	Corporate Vice President and Controller (Principal Accounting Officer)	February 8, 2021
(Michael J. Wood)

/s/ THOMAS A. KENNEDY *	Executive Chair of the Board of Directors	February 8, 2021
(Thomas A. Kennedy)

/s/ TRACY A. ATKINSON *	Director	February 8, 2021
(Tracy A. Atkinson)

/s/ MARSHALL O. LARSEN *	Director	February 8, 2021
(Marshall O. Larsen)

/s/ GEORGE R. OLIVER *	Director	February 8, 2021
(George R. Oliver)

/s/ ROBERT K. ORTBERG *	Director	February 8, 2021
(Robert K. Ortberg)

/s/ MARGARET L. O’SULLIVAN *	Director	February 8, 2021
(Margaret L. O’Sullivan)

/s/ DINESH C. PALIWAL *	Director	February 8, 2021
(Dinesh C. Paliwal)

/s/ ELLEN M. PAWLIKOWSKI *	Director	February 8, 2021
(Ellen M. Pawlikowski)

/s/ DENISE L. RAMOS *	Director	February 8, 2021
(Denise L. Ramos)

/s/ FREDRIC G. REYNOLDS *	Director	February 8, 2021
(Fredric G. Reynolds)

/s/ BRIAN C. ROGERS *	Director	February 8, 2021
(Brian C. Rogers)

/s/ JAMES A. WINNEFELD, JR. *	Director	February 8, 2021
(James A. Winnefeld, Jr.)

/s/ ROBERT O. WORK *	Director	February 8, 2021
(Robert O. Work)


*By:			/s/ FRANK R. JIMENEZ
			Frank R. Jimenez Executive Vice President and General Counsel

Date: February 8, 2021

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Report of Independent Registered Public Accounting Firm on Financial Statement Schedule

To the Shareowners and Board of Directors of Raytheon Technologies Corporation

Our audits of the consolidated financial statements referred to in our report dated February 8, 2021 appearing in the 2020 Annual Report to Shareowners of Raytheon Technologies Corporation (which report and consolidated financial statements are incorporated by reference in this Annual Report on Form 10-K) also included an audit of the financial statement schedule listed in Item 15(a)(2) of this Form 10-K. In our opinion, this financial statement schedule presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

February 8, 2021

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RAYTHEON TECHNOLOGIES CORPORATION AND SUBSIDIARIES

SCHEDULE II - Valuation and Qualifying Accounts

Three years ended December 31, 2020

(Millions of Dollars)

















Future Income Tax Benefits—Valuation allowance:
Balance, December 31, 2017(1)	$	582
Additions charged to income tax expense	61
Additions charged to goodwill, due to acquisitions	25
Reductions credited to income tax expense	(25)
Other adjustments	(38)
Balance, December 31, 2018(1)	605
Additions charged to income tax expense	117
Additions charged to goodwill, due to acquisitions	2
Reductions credited to income tax expense	(15)
Other adjustments	(93)
Balance, December 31, 2019(1)	616
Additions charged to income tax expense	581
Additions charged to goodwill, due to acquisitions	29
Reductions credited to income tax expense	(36)
Other adjustments, including the Separation of Carrier and Otis	(433)
Balance, December 31, 2020	$	757

(1) Amounts prior to 2020 within this schedule include valuation allowances related to discontinued operations.

Previous: Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES