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 6, 2023	By:	/s/ NEIL G. MITCHILL, JR.
			Neil G. Mitchill, Jr.
			Executive Vice President and Chief Financial Officer

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

Dated:	February 6, 2023	By:	/s/ AMY L. JOHNSON
			Amy L. Johnson
			Corporate Vice President and Controller

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

Table of Contents

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	Chairman, President and Chief Executive Officer (Principal Executive Officer)	February 6, 2023
(Gregory J. Hayes)

/s/ NEIL G. MITCHILL, JR.	Executive Vice President and Chief Financial Officer (Principal Financial Officer)	February 6, 2023
(Neil G. Mitchill, Jr.)

/s/ AMY L. JOHNSON	Corporate Vice President and Controller (Principal Accounting Officer)	February 6, 2023
(Amy L. Johnson)

/s/ TRACY A. ATKINSON *	Director	February 6, 2023
(Tracy A. Atkinson)

/s/ LEANNE G. CARET *	Director	February 6, 2023
(Leanne G. Caret)

/s/ BERNARD A. HARRIS, JR.*	Director	February 6, 2023
(Bernard A. Harris, Jr.)

/s/ GEORGE R. OLIVER *	Director	February 6, 2023
(George R. Oliver)

/s/ ROBERT K. ORTBERG *	Director	February 6, 2023
(Robert K. Ortberg)

/s/ MARGARET L. O’SULLIVAN *	Director	February 6, 2023
(Margaret L. O’Sullivan)

/s/ DINESH C. PALIWAL *	Director	February 6, 2023
(Dinesh C. Paliwal)

/s/ ELLEN M. PAWLIKOWSKI *	Director	February 6, 2023
(Ellen M. Pawlikowski)

/s/ DENISE L. RAMOS *	Director	February 6, 2023
(Denise L. Ramos)

/s/ FREDRIC G. REYNOLDS *	Director	February 6, 2023
(Fredric G. Reynolds)

/s/ BRIAN C. ROGERS *	Director	February 6, 2023
(Brian C. Rogers)

/s/ JAMES A. WINNEFELD, JR. *	Director	February 6, 2023
(James A. Winnefeld, Jr.)

/s/ ROBERT O. WORK *	Director	February 6, 2023
(Robert O. Work)


*By:			/s/ RAMSARAN MAHARAJH, JR.
			Ramsaran Maharajh, Jr. Executive Vice President and General Counsel

Date: February 6, 2023

Table of Contents

RAYTHEON TECHNOLOGIES CORPORATION AND SUBSIDIARIES

SCHEDULE II - Valuation and Qualifying Accounts

Three years ended December 31, 2022


(dollars in millions)















Future Income Tax Benefits—Valuation allowance:
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
Additions charged to income tax expense	136
Reductions credited to goodwill, due to acquisitions	(19)
Reductions credited to income tax expense	(37)
Other adjustments	(12)
Balance, December 31, 2021	825
Additions charged to income tax expense	54

Reductions credited to income tax expense	(82)
Other adjustments	45
Balance, December 31, 2022	$	842

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

Previous: Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES