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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ýANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2021
oTRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from______ to ______
Commission File Number 001-00812
RAYTHEON SAVINGS AND INVESTMENT PLAN
(Full title of the plan)
RAYTHEON TECHNOLOGIES CORPORATION
(Name of issuer of the securities held pursuant to the plan)
870 WINTER STREET, WALTHAM, MASSACHUSETTS 02451
(Address of issuer's principal executive offices)


Table of Contents




Raytheon Savings and Investment Plan
Financial Statements and Supplemental Schedule
To Accompany 2021 Form 5500
Annual Report of Employee Benefit Plan
Under Employee Retirement Income Security Act of 1974
December 31, 2021 and 2020



Table of Contents
Raytheon Savings and Investment Plan
Table of Contents to Financial Statements and Supplemental Schedule
December 31, 2021 and 2020


 Page
Financial Statements
Supplemental Schedule*
* Other supplemental schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.



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Report of Independent Registered Public Accounting Firm

To the Administrator and Plan Participants of Raytheon Savings and Investment Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of Raytheon Savings and Investment Plan (the "Plan") as of December 31, 2021 and 2020 and the related statement of changes in net assets available for benefits for the year ended December 31, 2021, including the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2021 and 2020, and the changes in net assets available for benefits for the year ended December 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental schedule H, line 4i - schedule of assets (held at end of year) as of December 31, 2021 has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental schedule is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
June 21, 2022

We have served as the Plan's auditor since at least 2002. We have not been able to determine the specific year we began serving as auditor of the Plan.


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Raytheon Savings and Investment Plan
Statements of Net Assets Available for Benefits
December 31, 2021 and 2020
(Thousands of Dollars)

20212020
Assets
Total investments at fair value (Notes 2 and 3)$19,509,997 $20,399,122 
Fully benefit-responsive investment contracts at contract value (Note 4)1,568,055 2,061,550 
Receivables
Notes receivable from participants
183,020 191,946 
Receivables for securities sold
16,741 81,441 
Accrued investment income and other receivables
89,637 22,483 
Total receivables
289,398 295,870 
Total assets
21,367,450 22,756,542 
Liabilities
Payable for securities purchased18,665 101,105 
Accrued investment expenses and other payables7,474 2,329 
Total liabilities
26,139 103,434 
Net assets available for benefits
$21,341,311 $22,653,108 

The accompanying notes are an integral part of these financial statements.

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Raytheon Savings and Investment Plan
Statement of Changes in Net Assets Available for Benefits
Year Ended December 31, 2021
(Thousands of Dollars)
2021
Additions to net assets attributable to:
Net appreciation of investments (Notes 2 and 3)$3,071,792 
Interest and dividends362,098 
Interest income on notes receivable from participants (Note 2)7,899 
Other revenue (Note 5)141 
Contributions
Employee contributions
880,538 
Employer contributions
416,233 
1,296,771 
Total additions
4,738,701 
Deductions from net assets attributable to:
Distributions to participants$6,036,664 
Administrative expenses13,834 
Total deductions
6,050,498 
Decrease in net assets available for benefits(1,311,797)
Net assets, beginning of year22,653,108 
Net assets, end of year$21,341,311 

The accompanying notes are an integral part of these financial statements.
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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2021 and 2020

NOTE 1 - DESCRIPTION OF THE PLAN

The following description of the Raytheon Savings and Investment Plan (the "Plan") provides only general information. Participants should refer to the Plan documents for a complete description of the Plan's provisions. Prior year amounts have been presented, where indicated, in thousands, to conform to the current period presentation.

General
The Plan is a defined contribution plan covering the majority of employees of Raytheon Company, a wholly owned subsidiary of Raytheon Technologies Corporation ("RTC," the "Company" or the "Plan Sponsor"). Most Raytheon Company employees are immediately eligible to enroll in the Plan on the first day of service. The purpose of the Plan is to provide participants with a tax-effective means of meeting both short-term and long-term investment objectives. The portion of the Plan that is invested in employer stock, as discussed below, is an employee stock ownership plan ("ESOP") that is intended to constitute a stock bonus plan as defined in the Internal Revenue Code of 1986, as amended (the "Code"), and that includes a cash or deferred arrangement. The remaining portion of the Plan is a profit-sharing plan that includes a cash or deferred arrangement. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). The Plan's investments are held in the Raytheon Savings and Investment Plan Trust (the "Trust"). Amounts held in a participant's account are invested at the direction of the participant among the investment options made available under the Plan.

The Raytheon Technologies Defined Contribution Investment Committee (which is appointed by the Raytheon Technologies Pension Administration and Investment Committee) is responsible for determining the investment options available under the Plan (including determinations regarding the investment option that invests in common stock of RTC, the "Raytheon Technologies Stock Fund"). The portion of the plan that is an ESOP is invested in RTC common stock.

Contributions and Deferrals
Eligible employees may contribute to the Plan up to 50% of their compensation, as defined in the Plan document, through both pretax elective deferred contribution and after tax contributions. A participant who is eligible to make elective pretax contributions and is at least age 50 by the end of 2021 may make pretax catch-up contributions. Employee contributions, including rollovers, are invested based on participant investment elections. Participants are subject to eligible compensation, pre or after tax contribution, total contribution, or catch-up contribution limitations, as set by the Code annually. Participants may also make after tax Roth 401(k) contributions, which are aggregated with pretax contributions for purposes of the limits on contributions.

For most new Raytheon Company employees, for the first five consecutive years of service, the Company matches 100% of the first 3% of eligible compensation that a participant contributes to the Plan each pay period. After the first five consecutive years of service, the Company matches 100% of the first 4% of eligible compensation. Matching Company contributions are made in cash and are invested based on the investment allocation elected by each participant.

Eligible employees hired or rehired on or after January 1, 2007 participate in the Retirement Income Savings Program ("RISP") (subject to the terms of any applicable collective bargaining agreements), in addition to having the right to participate in the other features of the Plan. Most Raytheon Company employees hired after December 31, 2009 have a one-year waiting period for participation in RISP. Under RISP, the Company contributes a percentage of each RISP-eligible participant's compensation to the participant's RISP account in the Plan. The percentage contribution varies according to a schedule based on the participant's age at the most recent date of hire, years of service since the most recent date of hire and whether the participant's most recent date of hire was before or after December 31, 2009.

Participants may invest contributions in increments of 1% in any combination of investment options available, subject to percentage limitations applicable to some funds. The investment options range from investments with an emphasis on preservation of capital to equity investments with an emphasis on capital gains. The underlying investments include investment contracts, registered investment companies, common collective trusts, RTC common stock, fixed income securities and other investments including a self-directed brokerage account.

Effective as of January 1, 2020, participants may participate in the Student Loan Repayment Contribution ("SLRC") program in the Plan. An SLRC participant who makes qualified student loan repayments may receive an SLRC employer contribution in an amount equal to the employer match the participant would otherwise be eligible to receive, reduced for any other employer
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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2021 and 2020
matching contributions made during the year. Such contributions would be made in the following year. SLRC employer contributions are only made on behalf of SLRC participants who meet program guidelines, and who either are employed or on a qualifying leave of absence at the end of the applicable Plan year or terminate employment involuntarily without cause, or due to death or qualifying disability during such Plan year. For the year ended December 31, 2021, SLRC employer contributions were $2.5 million.

Participant Accounts
Each participant account is credited with the participant's contributions, the Company's contributions and an allocation of Plan earnings (losses). The allocation of Plan earnings (losses) is based on the participant's account balance and the elected investment allocation. Administrative expenses payable by the Plan are either directly charged to participant accounts or are paid from the forfeiture account, by the Company, or from credits the Plan receives under the agreement with its record keeper, Fidelity Workplace Services LLC ("FWS"), which is an affiliate of the Plan's Trustee, Fidelity Management Trust Company ("FMTC" or the "Trustee").

Participants are not permitted to make a direct exchange from the Raytheon Fixed Income Fund (the "Fixed Income Fund"), a stable value fund specifically managed for the Plan, into a competing fund (such as a money market fund). Investors who wish to move money from the Fixed Income Fund to a competing fund must first make an exchange from the Fixed Income Fund to a non-competing fund for 90 days. After 90 days, participants may exchange from a non-competing fund into a competing fund.

Vesting
With the exception of RISP participants and certain union groups, all employee and most employer contributions and earnings (losses) thereon are immediately 100% vested for each participant who performs an hour of service on or after January 1, 1999. Most RISP participants become 100% vested in the employer RISP contributions after three years of service. Forfeitures of the non-vested portions of terminated participants' accounts are available to reduce Company contributions and pay administrative expenses. At December 31, 2021 and 2020, unallocated Plan forfeitures were $4.3 million and $350 thousand, respectively. For the year ended December 31, 2021, forfeitures of $3.6 million were used to reduce Company contributions and pay administrative expenses.
 
Notes Receivable from Participants
A participant may borrow a portion of the balance in the participant's account, other than the RISP account, subject to certain restrictions. The maximum amount of a loan is the lesser of one-half of the participant's vested account balance or $50 thousand, minus the participant's highest outstanding loan balance over the previous 12 months. The minimum loan is $500. Loans are secured by the balance in the participant's account and bear interest equal to the prime rate published in The Wall Street Journal on the last business day of the calendar quarter preceding the calendar quarter in which the loan is made. Loans must be repaid over a period of up to five years, except that if the loan is used to acquire the participant's principal residence, the repayment period may extend up to 15 years. In March 2020, the U.S. government passed the Coronavirus Aid, Relief, and Economic Security ("CARES") Act in response to the negative impact on the U.S. economy caused by the coronavirus disease 2019 ("COVID-19") pandemic. The CARES Act included certain provisions affecting employee benefit plans. The Plan was impacted by certain provisions, including provisions that allowed participants to suspend payments on their loans through December 31, 2020 without causing the loan to become delinquent and go into default. Loan payments and interest payments are credited to the participant's account based on the participant's current investment election.

Payment of Benefits
A participant may make certain in-service withdrawals including all or a portion of participant after tax contributions, and any rollover contributions and related earnings at any time, and all or a portion of participant pretax contributions, employer contributions and related earnings upon attainment of age 59 ½. Participants who have not reached age 59 ½ but who have participated in the Plan for five years or more may take withdrawals of their company matching contributions. For reasons of financial hardship, a participant may withdraw all or a portion of participant pretax contributions and related earnings subject to a reduction in the maximum participant contribution rate for the next six months. On termination of employment, a participant with a vested balance less than $1 thousand will receive a lump-sum distribution unless the participant elects to defer distribution. If the vested balance is in excess of $1 thousand, a partial or lump-sum distribution can be requested at any time. If no distribution is requested the terminated participant will receive annual statutory distributions starting in the year in which the participant reaches the age of 70 ½, or the year of termination if later. The participant may elect to defer this initial payment until April 1 of the following year. Any excess over the annual statutory distributions may be deferred until the participant's death.
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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2021 and 2020

Participants who have investments in the Raytheon Technologies Stock Fund, which is primarily comprised of RTC common stock may elect to reinvest dividends within the Plan or, if vested, receive dividends in cash. Any dividends received in cash by participants will be subject to taxes in the year of receipt. The Raytheon Technologies Stock Fund earned dividends of $40.8 million in 2021.

NOTE 2 - SUMMARY OF ACCOUNTING PRINCIPLES

Basis of Accounting
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").

Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of net assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from the estimates included in the financial statements.

Investment Valuation and Income Recognition
Fully benefit-responsive investment contracts ("FBRICs") are reported at contract value, which is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Plan invests in FBRICs through the Fixed Income Fund.

Plan investments, other than FBRICs, are stated at fair value. See Note 3 for discussion of fair value measurements.
Security transactions are recorded on the trade date. Payables and receivables for outstanding purchases and sales represent trades which have occurred but have not yet settled and are recorded on the statements of net assets available for benefits.

Dividend income is recorded on the ex-dividend date. Income from other investments is recorded as earned on an accrual basis.

The Plan presents in the statement of changes in net assets available for benefits the net appreciation (depreciation) in the fair value of its investments, excluding FBRICs, which consists of the realized gains (losses) and the unrealized appreciation (depreciation) on those investments.

Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued interest. No allowance for credit losses have been recorded as of December 31, 2021 or 2020. Participant loans that are classified as delinquent during the period are treated as distributions in that period based upon the terms of the Plan document.

Payment of Benefits
Benefits are recorded when paid.

Administrative Expenses
Expenses of administering the Plan such as loan processing, legal fees and other administrative fees are charged directly or indirectly to participant accounts. Those expenses of administering the Plan that are not charged to participant accounts are paid by the forfeiture account, by the Company, or from credits the Plan receives under the agreement with its record keeper, FWS.

Subsequent Events
The Plan has evaluated subsequent events through the time of filing this Form 11-K with the Securities and Exchange Commission.

Effective January 7, 2022, the Plan's investments held in the Trust were transferred to the United Technologies Corporation Master Trust ("Master Trust"), for which State Street Bank and Trust is the custodian and trustee. To facilitate the transfer, the Plan instituted a blackout period from January 3, 2022 to January 18, 2022, during which time, Plan participants were restricted from changing investment elections and completing other Plan transactions. Upon completion of the transfer on January 19, 2022, the investment options of the Master Trust became the new investment options available to Plan participants; however, all
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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2021 and 2020
assets in the self-directed brokerage account transferred in-kind to a new self-directed brokerage account at State Street Bank and Trust and all investments in the Raytheon Technologies Stock Fund transitioned to the Raytheon Technologies Stock Fund in the Master Trust. Simultaneously with the asset transfer, Alight Solutions was made the Plan's recordkeeper.

Accounting Standards
New pronouncements issued but not effective until after December 31, 2021 are not expected to have a material impact on the Plan's financial statements or disclosures.

NOTE 3 - FAIR VALUE MEASUREMENTS

The accounting standard for fair value measurements provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. Fair value is defined as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. This accounting standard established a fair value hierarchy, which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required:
Level 1:Quoted prices in active markets for identical assets or liabilities.
Level 2:Observable inputs, other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or that we corroborate with observable market data for substantially the full term of the related assets or liabilities.
Level 3:Unobservable inputs supported by little or no market activity that are significant to the fair value of the assets or liabilities.

A financial instrument's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Certain investments that are measured at fair value using the net asset value ("NAV") per share, or its equivalent, practical expedient have not been classified in the fair value hierarchy.

Following is a description of valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2021 or 2020.

Investments in registered investment companies and futures contracts are valued at the closing net asset value reported on the last business day of each period presented. Investments in securities traded on a national securities exchange are valued at the exchange traded close.

The self-directed brokerage account is reported as a single type investment. Investments in the self-directed brokerage account consist of registered investment companies and exchange traded funds. These investments are valued in line with the fair value measurement levels described above.

The Plan invests in common collective trusts ("CCT") which are valued at the net asset value of the CCT. The NAV, as provided by the CCT's trustee or custodian, is net of fees and is based on the fair value of the underlying investments held by the CCT less its liabilities. The CCT's invest in a mix of highly liquid equities and bonds, with the objective to approximate the risk and return characteristics of various indices. Participant transactions (purchases and sales) may occur daily. If the Plan were to initiate a full redemption of the CCT, the CCT's trustee reserves the right to temporarily delay withdrawal from the trust in order to ensure that securities liquidations will be carried out in an orderly business manner.
The short-term investment funds represent investments held by the Plan in commingled institutional funds which are valued at the published NAV per unit as of the valuation date. The short-term investment funds transact daily without restriction in a manner similar to money market funds with an objective of maintaining a constant $1.00 NAV through investment in high-quality securities with short durations.
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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2021 and 2020
The following tables set forth the investment assets and liabilities of the Plan that were measured at fair value on a recurring basis by level within the fair value hierarchy.
Fair Value of Investment Assets (Liabilities) as of 12/31/2021
(thousands of dollars)TotalLevel 1Level 2Level 3
Not Subject To Leveling (1)
Registered investment companies$4,780,049 $4,780,049 $ $ $ 
Self-directed brokerage account686,391 686,391    
Separate accounts:(2)
Short-term investment fund778,279    778,279 
Unrealized depreciation on futures contracts(1,491)(1,491)   
Employer common stock1,505,085 1,505,085    
Common collective trusts11,761,683    11,761,683 
          Total investments at fair value$19,509,997 $6,970,035 $ $ $12,539,962 
Fair Value of Investment Assets as of 12/31/2020
(thousands of dollars)TotalLevel 1Level 2Level 3
Not Subject To Leveling (1)
Registered investment companies$5,922,616 $5,922,616 $— $— $— 
Self-directed brokerage account883,078 883,078 — — — 
Employer common stock1,540,301 1,540,301 — — — 
Common collective trusts12,053,127 — — — 12,053,127 
          Total investments at fair value$20,399,122 $8,345,995 $— $— $12,053,127 
(1)    Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statements of net assets available for benefits.
(2)    As of December 31, 2021, the Plan held investments in a separate account in order to facilitate the asset transfer described in Note 1.
NOTE 4 - FULLY BENEFIT-RESPONSIVE INVESTMENT CONTRACTS ("FBRICs")

For the plan years ended December 31, 2021 and 2020, the Plan included the Fixed Income Fund, which held FBRICs. The FBRICs make up the Synthetic Guaranteed Investment Contracts ("Synthetic GICs") and are designed to decrease volatility by providing the Fixed Income Fund with the ability to execute certain participant transactions at contract value through the use of FBRICs. Under the FBRICs, there is no immediate recognition of gains and losses on the Fixed Income Fund's investments. Instead gains and losses are recognized over time by periodically adjusting the interest rates credited to the Fixed Income Fund. This allows the Fixed Income Fund to credit a fixed interest rate for stated periods of time on investments which are subject to FBRICs.

Income from the FBRICs is reported net of administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value with certain restrictions related to the transfer of funds into a competing investment option. The Plan considers such factors as the benefit responsiveness of the investment contracts, the ability of the parties to the contracts to perform in accordance with the terms of the contracts and the likelihood of default by an issuer of an investment security in evaluating the components of the FBRICs.

The FBRICs accrue interest using a formula embedded in the contract called the "crediting rate." The FBRICs use the crediting rate formula to convert market value changes in the FBRICs' assets into income distributions in order to minimize the difference between the market and contract value of the FBRICs' assets over time. Using the crediting rate formula, an estimated future market value is calculated by compounding the Fixed Income Fund's current market value at the Fixed Income Fund's current yield to maturity for a period equal to the Fixed Income Fund's duration. The crediting rate is the discount rate that equates estimated future market value with the Fixed Income Fund's current contract value. The crediting rate is most impacted by the change in the annual effective yield to maturity of the underlying securities, but is also affected by the differential between the contract value and the market value of the wrapped investments. The difference is amortized over the
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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2021 and 2020
duration of the investments. The magnitude of the impact of the contract value and the market value differential to the crediting rate is affected by the length of time between the reset period and the duration of the investments. Crediting rates are reset monthly. The FBRICs provide a guarantee that the crediting rate will not fall below 0%. Events disqualifying an underlying investment from being wrapped include, but are not limited to, bankruptcy, default or restricted liquidity of the security issuer.

The crediting rate, and hence the Fixed Income Fund's return, may be affected by many factors, including purchases and redemptions by participants. The precise impact on the Fixed Income Fund depends on whether the market value of the wrapped assets is higher or lower than the contract value of those assets. If the Fixed Income Fund experiences significant redemptions when the market value is below the contract value, the Fixed Income Fund's yield may be reduced significantly, to a level that is not competitive with other investment options. This may result in additional redemptions, which would tend to lower the crediting rate further. If redemptions continued, the Fixed Income Fund's yield could be reduced to zero. If redemptions continued thereafter, the Fixed Income Fund might have insufficient assets to meet redemption requests, at which point the Fixed Income Fund would require payments from the FBRICs issuers to pay further participant redemptions.

The Fixed Income Fund and the FBRICs purchased by the Fixed Income Fund are designed to pay all participant-initiated transactions at contract value. Participant-initiated transactions are those transactions allowed by the Plan (typically this would include withdrawals for benefits, loans or transfers to non-competing investment options within the Plan). However, the FBRICs limit the ability of the Fixed Income Fund to transact at contract value upon the occurrence of certain events. At this time, management believes the occurrence of any of these events is not probable. These events include:

1.The Plan's failure to qualify under Section 401(a) or Section 401(k) of the Code.
2.The establishment of a defined contribution plan that competes with the Plan for employee contributions.
3.Any substantive modification of the Plan or the administration of the Plan that is not consented to by the FBRIC issuer.
4.Complete or partial termination of the Plan.
5.Any known change in law, regulation or administrative ruling applicable to the Plan that could have a material adverse effect on the Fixed Income Fund's cash flow.
6.Any communication given to participants by the Plan Sponsor or any other Plan fiduciary that is designed to induce or influence participants not to invest in the Fixed Income Fund or to transfer assets out of the Fixed Income Fund.
7.Exclusion of a material group of previously eligible employees from eligibility in the Plan.
8.Any material early retirement program, group termination, group layoff, facility closing or similar program.
9.Any transfer of assets from the Fixed Income Fund directly to a competing option that would limit the ability of the fund to transact at no less than contract value.
10.Bankruptcy of the Plan Sponsor or other Plan Sponsor events which cause a significant withdrawal from the Plan.

As part of the asset transfer discussed in Note 1, the Fixed Income Fund's wrapped assets were also transferred to the Master Trust at their market value which was above contract value.

A FBRIC issuer may terminate a FBRIC at any time. In the event that the market value of the Fixed Income Fund's wrapped assets is below their contract value at the time of such termination, the Trustee may elect to keep the FBRIC in place until such time as the market value of the Fixed Income Fund's wrapped assets is equal to their contract value. A FBRIC issuer may also terminate a FBRIC if FMTC's investment management authority over the Fixed Income Fund is limited or terminated, as well as if all of the terms of the FBRIC fail to be met. In the event that the market value of the Fixed Income Fund's wrapped assets is below their contract value at the time of such termination, the terminating FBRIC issuer would not be required to make a payment to the Fixed Income Fund.

FBRICs generally impose conditions on both the Plan and the FBRIC issuer. If an event of default occurs and is not cured, the non-defaulting party may terminate the FBRIC. The following may cause the Plan to be in default: a breach of material obligation under the contract; a material misrepresentation; or a material amendment to the Plan agreement. The FBRIC Provider may be in default if it: breaches a material obligation under the FBRIC; makes a material misrepresentation; has a decline in its long-term credit rating below a threshold set forth in the FBRIC; or is acquired or reorganized and the successor issuer does not satisfy the investment or credit guidelines applicable to issuers. The FBRIC issuers' ability to meet their contractual obligations under the respective FBRICs may be affected by future economic and regulatory developments in the insurance and banking industries. If, in the event of default of a FBRIC issuer, the Plan was unable to obtain a replacement FBRIC, withdrawing participants may experience losses if the value of the Fixed Income Fund's assets no longer covered by the
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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2021 and 2020
FBRIC is below contract value. The Plan may seek to add additional issuers over time to diversify the Plan's exposure to such risk, but there is no assurance that the Plan will be able to do so. The combination of the default of a FBRIC issuer and an inability to obtain a replacement FBRIC could render the Plan unable to achieve its objective of maintaining a stable contract value. The terms of a FBRIC generally provide for settlement of payments only upon termination of the FBRIC or total liquidation of the wrapped investments. Generally, payments will be made pro-rata, based on the percentage of investments covered by each FBRIC issuer. FBRIC termination occurs whenever the contract value or market value of the wrapped investments reaches zero or upon certain events of default. If the FBRIC terminates due to the default of the FBRIC issuer (other than a default occurring because of a decline in its rating), the FBRIC issuer will generally be required to pay to the Plan the excess, if any, of contract value over market value on the date of termination. If a FBRIC terminates due to a decline in the ratings of the FBRIC issuer, the FBRIC issuer may be required to pay to the Plan the cost of acquiring a replacement contract (i.e. replacement cost) within the meaning of the FBRIC. If the FBRIC terminates when the market value equals zero, the FBRIC issuer will pay the excess of contract value over market value to the Plan to the extent necessary for the Plan to satisfy participant-initiated withdrawal requests. FBRIC termination also may occur by either party upon election and notice.

The FBRIC issuer may elect to terminate the FBRIC for no reason by giving certain notice to the Trustee. If, at any time, prior to dates agreed to in each FBRIC for the receipt of such notice, the Trustee objects to such election, the Trustee shall be deemed to have made an immunization election and the immunization provisions of the FBRIC apply. The immunization provision results in the wrapped portion of the Fixed Income Fund being managed according to more conservative immunization investment guidelines provided for in the FBRIC and the contract can terminate in segments over a period of time. In the event a FBRIC issuer sought to terminate its FBRIC or immunize its portion of the Fixed Income Fund, the Fund can seek to replace that FBRIC issuer with another financial institution.

Plans investing in FBRICs and fixed income securities are subject to a number of risks, including credit risk of underlying investments, risk associated with prepayment of collateralized mortgage obligations, risk that third parties will not perform under the FBRICs, risk associated with interest rate fluctuations and risk of losses caused by liquidation of contracts or investments to meet withdrawal demands.

NOTE 5 - CERTAIN TRANSACTIONS INVOLVING RELATED PARTIES AND PARTIES-IN-INTEREST

The Trustee and the record keeper of the Plan are parties-in-interest with respect to the Plan. Certain Plan transactions involve the Trustee, the record keeper or other affiliates. For example, certain Plan investments are shares of registered investment companies managed by affiliates of the Trustee. The Plan also pays fees to the Trustee and the record keeper. In addition, the Plan has an agreement with the record keeper whereby certain credits are paid to the Trust by the record keeper and are held in Trust accounts until they are used to pay administrative expenses of the Plan or are allocated to the accounts of participants. For the year ended December 31, 2021, credits earned by the Trust were de minimis.

Subject to the terms of the Plan document, the Plan makes certain loans to participants who are employees of Raytheon Company, and who are therefore parties-in-interest with respect to the Plan.

The Plan Sponsor is a related party and party-in-interest with respect to the Plan. In accordance with the provisions of the Plan, the Trustee acts as the Plan's agent for purchases and sales of shares of RTC common stock. Purchases amounted to $24.3 million and sales amounted to $363.5 million for the year ended December 31, 2021. Dividend income from shares of RTC common stock amounted to $40.1 million for the year ended December 31, 2021.

The Plan also incurs certain administrative expenses paid to parties-in-interest.

All of these transactions either fall outside the scope of, or are exempt from, ERISA's prohibited transaction rules.

NOTE 6 - PLAN TERMINATION

Although it has not expressed any intention to do so, the Company reserves the right under the Plan at any time to discontinue its contributions and to terminate the Plan subject to the provisions of ERISA. Upon termination of the Plan, all participants become fully vested in their accounts. In the event of Plan termination, after payment of all expenses and adjustment of accounts to reflect such expenses, fund losses or profits, and reallocations, each participant shall be entitled to receive all amounts in their account.
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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2021 and 2020

NOTE 7 - FEDERAL INCOME TAX STATUS

The Internal Revenue Service ("IRS") has determined and informed the Company by letter dated June 25, 2012, that the design of the Plan meets the requirements for qualification under Code section 401(a), on which the tax exemption of the Trust under Code section 501(a) is based. The Plan has been amended since receiving the determination letter. The Company believes that the current design and operation of the Plan are consistent with preservation of the qualification of the Plan and exemption of the Trust in the context of applicable IRS procedures.

The Plan follows the provisions of uncertain tax positions that provide criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. The Plan may, from time to time, hold investments that give rise to certain tax liabilities. Based upon management's assessment, the Plan has not recognized any tax liabilities at December 31, 2021 or 2020. The Plan is subject to examinations by taxing jurisdictions. The Company believes the Plan is no longer subject to federal tax examination for years prior to 2018.

NOTE 8 - RISKS AND UNCERTAINTIES

The Plan provides for various investment options. These investment options are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment options of the Plan, it is reasonably possible that changes in the values of investment securities will occur and such change could materially affect participants' account balances and the Plan's financial statements.

Counterparty credit risk is the risk that a counterparty to a financial instrument will fail on a commitment that it has entered into with the Plan. The Plan minimizes concentrations of counterparty credit risk by undertaking transactions with multiple counterparties. The Plan's investment managers and FBRIC Providers have credit policies in place and the exposure to counterparty credit risk, as well as the creditworthiness of these counterparties, is monitored on an ongoing basis.
12

Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Investment Contracts
7-Eleven Inc0.8% 02/10/2024 144A$286,000 $282,734 
7-Eleven Inc0.95% 02/10/2026 144A357,000 345,693 
7-Eleven Inc1.3% 02/10/2028 144A446,000 424,770 
Abbvie Inc3.6% 5/14/251,635,000 1,738,697 
Abbvie Inc3.2% 11/21/295,835,000 6,238,738 
Abbvie Inc3.45% 03/15/222,295,000 2,297,099 
Abbvie Inc3.25% 10/01/22700,000 709,441 
Abbvie Inc2.3% 11/21/221,100,000 1,115,360 
ABN Amro Bank NV4.75% 07/28/2025 144A1,365,000 1,486,276 
ABN Amro Bank NV1.542%/VAR 06/16/2027 144A986,000 966,490 
AEP Texas Inc.3.95% 6/1/28930,000 1,018,356 
AerCap Ireland4.125% 7/3/23312,000 324,048 
AerCap Ireland4.875% 1/16/24264,000 280,753 
AerCap Ireland1.65% 10/29/2024722,000 720,690 
AerCap Ireland2.45% 10/29/2026245,000 247,009 
AerCap Ireland1.75% 10/29/2024500,000 498,782 
AIB Group4.263%/VAR 4/10/25 144A1,725,000 1,816,457 
AIG Global Funding0.8% 07/07/23 144A331,000 330,426 
AIG Global Funding0.9% 09/22/25 144A1,000,000 970,492 
Air Lease Corp3% 09/15/23413,000 423,854 
Air Lease Corp4.25% 2/1/24987,000 1,039,865 
Air Lease Corp2.5% 02/01/25810,000 821,129 
Air Lease Corp2.875% 01/15/20261,535,000 1,583,260 
Air Lease Corp3.5% 01/15/2022500,000 500,440 
Air Lease Corp0.7% 02/15/2024438,000 431,053 
Air Lease Corp0.8% 08/18/2024513,000 502,511 
Air Lease Corp 2.625% 07/01/22600,000 604,817 
Altria Group Inc3.4% 05/06/30445,000 460,413 
Altria Group Inc2.35% 05/06/25170,000 173,991 
Ameren Corp2.5% 9/15/24480,000 492,855 
American Express Co3.7% 08/03/231,020,000 1,063,497 
American Express Credit Account Master0.9% 11/15/20261,369,000 1,358,155 
American International Group4.125% 2/24600,000 637,077 
American Tower 2.4% 03/15/25520,000 533,944 
Ameriprise Financial Inc3% 04/02/251,060,000 1,106,533 
AmerisourceBergen Corp0.737% 03/15/2023670,000 668,247 
Amphenol Corp3.2% 4/1/24145,000 150,736 
Apple Inc1.65% 05/11/304,020,000 3,912,207 
Arch Capital Finance4.011% 12/15/26375,000 411,456 
Astrazeneca Finance LLC0.7% 05/28/2024921,000 913,666 
AT&T Inc3% 6/30/22580,000 584,420 
AT&T Inc4.35% 3/1/295,370,000 6,031,993 
AT&T Inc2.3% 06/01/27405,000 412,028 
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Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
AT&T Inc1.65% 02/01/281,081,000 1,058,111 
AT&T Inc0.9% 03/25/20241,000,000 995,482 
Athene Global Funding2.5% 01/14/25 144A1,080,000 1,107,932 
Athene Global Funding1.45% 01/08/2026 144A910,000 893,814 
Athene Global Funding1% 04/16/2024 144A1,000,000 991,433 
Athene Global Funding1.73% 10/02/2026 144A1,124,000 1,103,190 
Atlantic City Electric Co2.3% 03/15/20311,380,000 1,385,917 
Ausgrid Finance3.85% 5/1/23 144A859,000 882,207 
Australia & New Zealand Banking Group LTD2.95%/VAR 07/22/2030 144A1,485,000 1,521,917 
Autozone, Inc.3.625% 04/15/251,055,000 1,125,012 
Autozone, Inc.3.125% 7/15/23577,000 593,194 
Avangrid Inc3.2% 04/15/251,530,000 1,607,884 
Aviation Capital Group LLC4.375% 01/30/2024 144A1,360,000 1,426,054 
Avolon Holdings3.95% 7/1/24 144A1,105,000 1,157,818 
Avolon Holdings2.875% 02/15/25 144A1,080,000 1,103,230 
Avolon Holdings4.25% 04/15/26 144A880,000 932,531 
AXA Equitable Holdings, Inc3.9% 4/20/2350,000 51,740 
BAE Systems Plc3.4% 04/15/30 144A320,000 341,555 
Banco Bilbao Vizcaya Argentaria1.125% 09/18/251,400,000 1,371,225 
Banco Santander, S.A.3ML+112 04/23400,000 404,128 
Banco Santander, S.A.2.746% 05/28/251,400,000 1,447,026 
Banco Santander, S.A.1.849% 03/25/2026600,000 597,248 
Banco Santander, S.A.1.722%/VAR 09/14/20271,600,000 1,570,885 
Banco Santander, S.A.5.179% 11/19/20251,200,000 1,335,758 
Bank 2018-BN11 A23.784% 03/614,200,000 4,565,917 
Bank 2020-BN25 A32.391% 01/15/20631,000,000 1,020,741 
Bank of America Corp4% 01/22/251,225,000 1,308,285 
Bank of America Corp3.95% 4/21/251,120,000 1,197,169 
Bank of America Corp4.45% 3/03/261,815,000 1,998,238 
Bank of America Corp3.824%/VAR 1/20/282,740,000 2,967,080 
Bank of America Corp3.593%/VAR 07/281,560,000 1,678,996 
Bank of America Corp3.004%/VAR 12/20/231,618,000 1,651,443 
Bank of America Corp3.55%/VAR 3/24750,000 772,292 
Bank of America Corp2.015%/VAR 02/13/263,600,000 3,646,332 
Bank of America Corp1.97% VAR 10/24/266,308,000 6,182,106 
Bank of America Corp2.687%/VAR 04/22/2032745,000 756,046 
Bank of America Corp2.299%/VAR 07/21/20322,555,000 2,512,094 
Bank of America Corp2.881%/VAR 4/24/231,050,000 1,056,809 
Bank of America Corp1.734%/VAR 07/22/20272,061,000 2,045,990 
Bank of America Corp3.864% 07/23/20242,000,000 2,083,717 
Bank of America Corp2.456%/VAR 10/22/251,100,000 1,129,770 
Bank of America Corp1.319%/VAR 06/19/261,000,000 989,379 
Bank of America Corp0.976%/VAR 04/22/20251,000,000 991,983 
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Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Bank of America Credit Card Trust0.34% 05/15/261,508,000 1,488,117 
Bank of America Credit Card Trust0.44% 09/15/20261,324,000 1,304,777 
Bank of Montreal1.85% 05/01/251,100,000 1,116,243 
Bank of Nova Scotia3.4% 2/11/241,000,000 1,049,213 
Bank of the West Auto Trust2.43% 4/15/24204,381 205,621 
Bank of Tokyo-Mitsubishi3.75% 3/10/24 144A1,290,000 1,359,926 
Barclays plc4.337% 01/10/282,045,000 2,232,679 
Barclays plc4.972/VAR 5/16/29745,000 849,762 
Barclays plc2.852%/VAR 05/07/262,619,000 2,701,123 
Barclays plc4.61%/VAR 2/15/231,570,000 1,576,715 
Barclays plc3ML+161/VAR 5/7/252,000,000 2,103,308 
Barclays plc4.338/VAR 05/16/20242,650,000 2,758,585 
Barclays plc1.007%/VAR 12/10/24677,000 672,061 
BAT International Finance1.668% 03/25/261,600,000 1,570,639 
Bay Area Toll Authority2.574% 4/1/311,495,000 1,540,242 
Bayer US Finance4.25% 12/15/25 144A850,000 919,350 
BBCMS 2020-C8 A31.617% 10/15/534,300,000 4,210,507 
Benchmark 2018-B2 Mortgage Trust A23.6623% 02/51856,000 872,683 
Benchmark 2018-B2 Mortgage Trust A33.5439% 02/515,000,000 5,253,020 
Benchmark 2018-B7 Mortgage Trust A24.377% 05/53513,000 534,498 
Benchmark 2018-B8 Mortgage Trust A24.149% 1/15/52471,037 489,372 
Benchmark 2019-B9 Mortgage Trust2.667% 12/15/724,400,000 4,560,953 
Benchmark 2021-B27 Mortgage Trust A31.792% 07/15/20545,000,000 4,940,264 
Berkshire Hathaway Energy2.8% 1/15/23886,000 902,269 
Berkshire Hathaway Energy4.05% 04/15/20251,000,000 1,081,919 
Berry Global Inc1.57% 01/15/20263,650,000 3,571,598 
BMARK 2020-B20 A31.9454% 10/15/532,500,000 2,481,248 
BNP Paribas1.323%/VAR 01/13/2027 144A3,804,000 3,701,522 
BNP Paribas2.819%/VAR 11/19/25 144A1,085,000 1,116,620 
BNP Paribas2.219%/VAR 06/09/26 144A1,120,000 1,130,418 
Boeing Co5.15% 05/01/304,695,000 5,470,149 
Boeing Co2.196% 02/04/20262,125,000 2,124,494 
BP Capital Markets America3.79% 2/241,520,000 1,600,074 
BP Capital Markets America3.194% 04/06/254,825,000 5,088,717 
BPCE SA4.5% 03/15/2025 144A1,330,000 1,433,142 
BPCE SA2.375% 01/14/2025 144A985,000 1,002,107 
BPCE SA1.652%/VAR 10/06/26 144A875,000 863,304 
Braemar Hotels & Resorts Trust Series1ML+06/15/351,440,000 1,438,356 
Bristol Meyers Squibb3.4% 07/26/291,800,000 1,971,007 
Bristol Meyers Squibb2.9% 07/26/241,000,000 1,046,430 
British American Tobacco2.789% 9/6/241,090,000 1,122,967 
British American Tobacco4.7% 04/02/27545,000 599,526 
British American Tobacco3.222% 08/15/24500,000 519,672 
Broadcom Inc4.11% 09/15/281,795,000 1,967,859 
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Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Broadcom Inc3.419% 04/15/2033 144A3,366,000 3,528,584 
Broadcom Inc3.137% 11/15/2035 144A907,000 912,404 
BX 2020-BXLP A1ML+82.15 12/15/29 144A1,007,059 1,006,454 
BX 2021-BXMF1ML+64 10/15/2026 144A473,000 468,957 
BX 2021-SOAR A0.8% 06/15/2023 144A674,363 670,578 
California State2.40% 10/1/25720,000 752,529 
Campbell Soup Company3.65% 3/15/23319,000 328,842 
Canadian Natural Resources2.95% 1/15/233,020,000 3,077,506 
Canadian Natural Resources2.05% 07/15/25562,000 567,372 
Canadian Pacific Railway Co1.75% 12/02/2026239,000 239,862 
Capital One Bank2.65% 08/08/22520,000 525,928 
Capital One Bank2.28%/VAR 01/28/261,100,000 1,120,194 
Capital One Financial3.9% 1/29/24835,000 878,694 
Capital One Financial1.878%/VAR 11/02/20271,150,000 1,144,121 
CarMax3.13% 6/15/23121,269 121,614 
CarMax2.68% 3/15/24571,012 576,383 
CarMax3.36% 09/23125,874 126,763 
CarMax0.5% 08/15/25767,000 762,866 
Carrier Global Corp2.242% 02/15/25601,000 615,412 
CDP Financial Inc3.15% 7/24 144A620,000 653,187 
Celanese US Holdings3.5% 5/8/24685,000 715,459 
Celanese US Holdings1.4% 08/05/2026410,000 400,038 
Celulosa Arauco Constitucion4.5% 08/01/2024207,000 219,524 
Cenovus Energy Inc2.65% 01/15/2032215,000 210,350 
Centerpoint Energy Inc1.45% 06/01/20261,045,000 1,025,181 
CFCRE 2016-C3 Mortgage Trust A33.597% 01/10/20481,460,498 1,545,400 
CFCRE 2016-C4 Mortgage Trust A33.014% 05/582,500,000 2,608,566 
CGI Inc1.45% 09/14/2026 144A1,365,000 1,334,774 
Charter Communications Operating4.908% 7/23/25885,000 974,481 
Charter Communications Operating4.464% 7/23/223,445,000 3,495,849 
Charter Communications Operating2.3% 02/01/322,900,000 2,752,774 
Chevron Phillips Chemical3.3% 5/23 144A480,000 494,297 
Chevron USA Inc3.9% 11/15/20241,500,000 1,605,320 
Cigna Corp4.375% 10/15/283,545,000 4,028,895 
Cigna Corp3.75% 7/15/23135,000 140,388 
Cigna Corp0.613% 03/15/2024296,000 293,533 
Citibank N.A.3.65% 1/23/241,000,000 1,051,877 
Citigroup Commercial Mortgage Trust4.149% 1/10/367,545,000 7,910,579 
Citigroup Commercial Mortgage Trust3.024% 9/45390,550 392,754 
Citigroup Commercial Mortgage Trust3.093% 04/46111,000 113,225 
Citigroup Commercial Mortgage Trust4.131% 11/46383,000 400,994 
Citigroup Commercial Mortgage Trust3.477% 5/10/47145,674 149,788 
Citigroup Commercial Mortgage Trust3.356% 7/47425,329 438,616 
Citigroup Commercial Mortgage Trust3.368% 02/49373,366 387,249 
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Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Citigroup Commercial Mortgage Trust3.212% 4/50201,223 201,613 
Citigroup Inc4.4% 6/10/251,080,000 1,176,150 
Citigroup Inc4.45% 9/29/27965,000 1,075,994 
Citigroup Inc3.7% 1/12/264,390,000 4,746,796 
Citigroup Inc2.7% 10/27/2022750,000 761,802 
Citigroup Inc3.106%/VAR 04/08/264,810,000 5,042,453 
Citigroup Inc2.561%/VAR 05/01/2032970,000 975,030 
Citigroup Inc2.976%/VAR 11/5/302,230,000 2,315,755 
Citigroup Inc2.876%/VAR 07/24/232,439,000 2,468,283 
Citigroup Inc3.142%/VAR 1/24/231,780,000 1,782,251 
Citigroup Inc0.776%/VAR 10/30/241,140,000 1,133,207 
Citigroup Inc0.981%/VAR 05/01/2025651,000 645,866 
Citigroup Inc1.122%/VAR 01/28/2027500,000 486,993 
Citizens Bank3.25% 2/14/222,005,000 2,006,636 
Citizens Bank2.25% 04/28/252,459,000 2,516,315 
Citrix Systems Inc1.25% 03/01/2026945,000 920,316 
CNH Equipment Trust3.12% 07/17/202333,760 33,793 
CNO Global Funding1.75% 10/07/2026 144A660,000 652,013 
Comcast Corporation3.375% 08/15/25565,000 603,878 
Comcast Corporation3.7% 04/15/20241,000,000 1,062,414 
Comcast Corporation3.95% 10/15/25476,000 519,664 
COMM 14-UBS6 ASB3.387% 12/47115,634 118,975 
COMM 15-CCRE24 A43.432% 8/554,017,467 4,156,468 
COMM 15-CR23 ASB3.257% 05/48225,195 231,999 
COMM 15-CR26 ASB3.373% 10/48370,533 383,456 
COMM 2012-CR3 ASB2.372% 11/4559,940 60,105 
COMM 2012-LC4 A43.288% 12/44106,597 106,542 
COMM 2013-300P4.353% 8/10/302,620,000 2,716,157 
COMM 2013-CR7 A43.213% 03/46421,465 428,831 
COMM 2013-CR7 ASB2.739% 03/46704,128 710,995 
COMM 2014-UBS4 A43.42% 08/10/20471,250,000 1,287,713 
COMM 2015-CR22 A22.856% 3/4861,924 61,943 
COMM 2015-CR22 ASB3.144% 3/48204,067 209,717 
COMM 2015-CR23 A22.852% 05/48159,769 159,712 
COMM 2015-CR25 A33.505% 8/483,129,796 3,244,559 
COMM 2015-DC1 A43.078% 2/483,000,000 3,055,084 
Commonwealth Edison2.95% 08/15/271,040,000 1,096,360 
Conagra Brands Inc0.5% 08/11/2023794,000 787,164 
ConocoPhillips Inc3.75% 10/01/2027 144A660,000 723,487 
Continental Resources Inc Okla2.268% 11/15/2026 144A415,000 411,888 
Cooperative RaboBank UA1.339%/VAR 06/24/26 144A1,180,000 1,163,041 
Corporacion Andina De Formento2.75% 1/23400,000 407,292 
Corporate Office Properties LP2.75% 04/15/20311,450,000 1,441,692 
Cox Communications Inc3.5% 8/15/27 144A4,000,000 4,296,766 
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Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Credit Agricole S.A.4.375% 03/17/2025 144A1,380,000 1,481,871 
Credit Agricole S.A.1.907%/VAR 06/16/26 144A840,000 841,614 
Credit Agricole S.A.1.247%/VAR 01/26/2027 144A510,000 496,260 
Credit Suisse2.193%/VAR 06/05/26 144A795,000 799,443 
Credit Suisse3.625% 09/09/241,000,000 1,060,352 
Credit Suisse2.593%/VAR 9/11/25 144A801,000 817,944 
Credit Suisse1.305%/VAR 02/02/2027 144A500,000 483,081 
Credit Suisse0.52% 08/09/20231,000,000 992,893 
Credit Suisse Mortgage Capital1ML+98.535 5/15/36 144A2,690,000 2,689,189 
Crown Castle Intl Corp1.05% 07/15/20261,245,000 1,202,313 
CSAIL 2015-C2 A-SB Commercial Mortgage Trust3.2241% 6/57228,800 235,190 
CSAIL 2016-C7 A33.502% 11/15/20491,250,000 1,337,251 
CSAIL 2017-CX9 A2 Commercial Mortgage Trust3.0538% 9/15/50641,000 647,187 
CSAIL 2018-CX11 A-SB Commercial Mortgage Trust4.0339% 4/512,400,000 2,575,683 
CSAIL 2019-C15 Commercial Mortgage Trust3.4505% 3/15/52557,278 573,197 
CVS Health Corporation3.875% 7/20/252,000,000 2,149,376 
CVS Health Corporation5% 12/1/242,045,000 2,236,195 
Daimler Financial0.75% 03/01/2024 144A1,283,000 1,271,040 
Daimler Financial1.45% 03/02/2026 144A852,000 843,478 
DBGS BIOD Mortgage Trust1ML+80.3 05/351,647,447 1,646,924 
Dell Equipment Finance Trust0.43% 05/22/2026488,000 485,101 
Dell Equipment Finance Trust0.57% 10/23/23590,000 589,462 
Dell Intl LLC / EMC Corp5.45% 06/15/2023250,000 263,723 
Deutsche Bank Ag 2.129%/VAR 11/24/263,157,000 3,151,819 
Deutsche Bank Ag 1.447%/VAR 04/01/20252,073,000 2,060,132 
Deutsche Bank Ag 2.222%/VAR 09/18/2024656,000 664,438 
Deutsche Bank Ag 0.898% 05/28/2024356,000 352,891 
Discover Bank3.45% 7/27/26250,000 264,445 
Discover Bank3.35% 2/06/23500,000 511,960 
Discover Card Execution Note Trust1ML+60 12/261,660,000 1,677,260 
Discover Card Execution Note Trust0.58% 09/15/20261,401,000 1,379,219 
Discover Financial3.75% 3/04/251,190,000 1,258,946 
DNB Bank ASA1.535%/VAR 05/25/2027 144A571,000 562,887 
DNB Bank ASA1.605%/VAR 03/30/2028 144A1,111,000 1,084,095 
Dominion Energy Inc3.3% 03/15/25980,000 1,025,176 
Dominion Resources Inc2.5% 11/15/24188,000 193,581 
DowDuPont Inc.4.205% 11/15/231,030,000 1,089,195 
DTE Energy2.25% 11/1/221,000,000 1,013,190 
Duke Energy3.95% 11/15/281,075,000 1,199,754 
Duke Energy3.05% 3/15/23675,000 691,519 
Enbridge Inc2.9% 07/15/221,100,000 1,110,860 
18

Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Enel Finance Intl NV1.375% 07/12/2026 144A1,335,000 1,300,049 
Energy Transfer Operating, LP4.2% 04/15/27880,000 954,856 
Energy Transfer Operating, LP4.95% 06/15/28570,000 641,193 
Energy Transfer Operating, LP5.5% 6/1/27500,000 570,324 
Energy Transfer Operating, LP3.75% 05/15/301,165,000 1,234,499 
Enterprise Products3.9% 2/15/242,035,000 2,136,706 
Equinix Inc1.45% 05/15/20261,160,000 1,136,978 
Equinor ASA1.75% 01/22/26187,000 188,132 
Equitable Financial Life0.5% 11/17/23 144A1,250,000 1,237,816 
ERAC USA Finance3.3% 10/22 144A745,000 760,461 
ERAC USA Finance3.8% 11/01/25 144A225,000 241,931 
ERAC USA Finance2.7% 11/1/23 144A3,500,000 3,588,601 
Evergy Inc2.45% 9/15/24810,000 830,726 
Eversource Energy1.65% 08/15/301,345,000 1,257,527 
Exelon Corporation4.25% 6/15/221,290,000 1,299,169 
Exelon Corporation3.25% 06/01/25935,000 979,620 
Exelon CorporationVAR 6/1/22376,000 379,475 
Experian Finance plc2.75% 3/8/30 144A1,795,000 1,834,412 
Export Development Canada2.5% 01/24/23975,000 995,360 
Fannie Mae2.375% 01/19/23305,000 311,245 
Fannie Mae2.5% 2/5/24270,000 279,561 
Fannie Mae0.875% 08/05/302,200,000 2,073,146 
Fannie Mae0.375% 08/25/252,000,000 1,945,328 
Fannie Mae0.75% 10/08/271,250,000 1,205,915 
Fannie MaeG93-3 K 7% 2/231,324 1,353 
Fannie Mae6.625% 11/15/301,935,000 2,732,633 
Fannie Mae2001-7 PF 7% 3/311,409 1,570 
Fannie Mae2013-72 KE 3.5% 2/43410,702 427,691 
Fannie Mae2018-M8 A1 VAR 09/272,787,339 2,977,462 
Fannie Mae2018-M14 A1 3.5778% 8/25/2853,936 54,086 
Fannie Mae2018-M13 A1 VAR 03/30678,387 727,834 
Fannie Mae2.079% 8/25/292,536,763 2,593,922 
Fannie Mae2% 2/25/311,429,755 1,448,106 
Fannie Mae2.142% 11/25/294,564,313 4,695,972 
Fannie Mae15YR 5.50% 9/23 #AL02294,232 4,301 
Fannie Mae2001-44 PD 7% 9/312,944 3,345 
Fannie Mae2003-W4 2A 6.5% 10/425,410 5,795 
Fannie Mae7.50% 11/37 #88889243,302 52,379 
Fannie Mae15YR 6.50% 1/23 #8891114,226 4,292 
Fannie Mae15YR 6.00% 2/23 #8896347,602 7,724 
Fannie Mae7.50% 11/38 #99550437,448 45,040 
Fannie Mae1992-205 Z 7% 11/224,531 4,606 
Fannie Mae1994-40 Z 6.5% 3/2423,970 25,192 
Fannie Mae1997-46 PL 6% 7/2760,717 64,971 
19

Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Fannie Mae3.5% 4/25/422,279,309 2,375,353 
Fannie Mae2013-18 Md 1.75% 2/33640,129 645,746 
Fannie Mae3% 5/25/421,617,097 1,653,403 
Fannie Mae2.25% 06/25/421,555,460 1,581,278 
Fannie Mae2013-73 Tk 3.5% 9/42388,289 405,128 
Fannie Mae2013-130 Cg 4% 6/43289,197 300,772 
Fannie Mae3% 10/25/40348,130 352,355 
Fannie Mae3.0% 01/25/42750,323 766,577 
Fannie Mae3% 01/25/451,116,159 1,163,855 
Fannie Mae3% 7/25/40154,898 154,979 
Fannie Mae3% 12/25/26526,268 539,086 
Fannie Mae3% 03/25/461,474,364 1,538,600 
Fannie Mae2016-42 DA 3% 07/451,482,803 1,530,547 
Fannie Mae2011-123 Jg 2.5% 3/41793,177 810,577 
Fannie Mae1.75% 02/25/42972,941 979,068 
Fannie Mae2017-96 KA 3% 01/552,272,577 2,352,121 
Fannie Mae3.5% 1/25/47975,195 1,009,174 
Fannie Mae20YR 6.00% 11/22 #2545441,162 1,179 
Fannie Mae20YR 6.00% 10/27 #25692839,199 42,610 
Fannie Mae20YR 6.00% 1/28 #25704836,314 39,496 
Fannie Mae6.00% 2/28 #25707636,141 39,309 
Fannie Mae4.0% 11/01/41 #AJ5301651,416 705,204 
Fannie Mae3.5% 09/32 #AL24903,258,535 3,515,231 
Fannie Mae2.5% 07/01/28 #AL3922925,383 949,692 
Fannie Mae4.0% 01/01/35 #AL6238306,557 332,701 
Fannie Mae4% 02/01/2034 #AL99301,259,899 1,360,651 
Fannie Mae15Yr 3.5% 12/29#As4198273,153 288,213 
Fannie Mae30Yr 3% 03/01/33 #AR8632332,321 349,033 
Fannie Mae15Yr 3.5% 3/29#Av9229207,718 219,106 
Fannie Mae20Yr 3.5% 05/01/35 #AY9087633,097 678,815 
Fannie Mae5% 07/25/371,033,666 1,138,067 
Fannie Mae2009-10 AB 5% 3/241,295 1,327 
Fannie Mae2% 09/25932,594 943,944 
Fannie Mae2010-68 Hj 4.5% 6/40950,589 1,011,455 
Fannie Mae2010-104 Pg 2.5% 11/39795,867 812,093 
Fannie Mae2.5% 08/46 #BF0408652,297 671,330 
Fannie Mae4% 02/01/2050 #CA51751,488,504 1,589,629 
Fannie Mae30Yr 4.5% 10/45 #FM16771,348,490 1,478,564 
Fannie Mae15YR 6.00% 6/22 #9443573,347 3,375 
Fannie Mae20Yr 3.0% 09/01/32 #AB6263680,235 714,231 
Fannie Mae5.00% 7/30 #MA04722,700,695 2,944,653 
Fannie Mae20Yr 3.5% 06/01/32 #MA1084449,056 477,975 
Fannie Mae3.5% 11/1/33 #MA16522,562,491 2,732,323 
Fannie Mae20Yr 4.0% 12/33/ #MA16891,063,908 1,148,987 
20

Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Fannie Mae3% 12/01/2036 #MA28321,231,519 1,292,296 
Fannie Mae30Yr 4% 11/01/40 #AE8218562,232 608,861 
Fannie Mae2012-149 DA 1.75% 01/4347,038 47,247 
Fannie Mae2013-16 GP 3% 3/33200,661 206,857 
Fannie Mae1.85% 05/25/33400,725 404,577 
Fannie Mae2014-83 P 3% 6/43278,207 289,179 
Fannie Mae2015-28 P 2.5% 5/45569,134 584,824 
Fannie Mae2015-28 Je 3% 5/45466,305 486,243 
Fannie Mae2015-42 Le 3% 6/45394,081 409,103 
Fannie Mae2015-54 GA 2.5% 07/4545,357 46,565 
Fannie Mae2016-19 Ah 3% 4/46273,254 285,264 
Fannie Mae2016-26 Cg 3% 5/46855,833 892,481 
Fannie Mae2016-27 Hk 3% 1/41455,050 475,296 
Fannie Mae2016-27 Kg 3% 1/40180,108 187,955 
Fannie Mae2016-37 Bk 3% 6/46914,358 953,197 
Fannie Mae2016-34 Gh 3% 6/46816,585 851,781 
Fannie Mae2016-105 Pa 3.5% 4/45287,465 296,935 
Fannie Mae2016-100 P 3.5% 11/44479,197 497,098 
Fannie Mae2017-11 HA 3.5% 12/45575,638 600,109 
Fannie Mae2017-20 AP 3.5% 03/45703,889 732,149 
Fannie Mae2017-74 PA 3.5% 11/45492,792 509,792 
Fannie Mae2% 06/25/351,076,901 1,089,294 
Fannie Mae2017-97 P 3% 01/47521,944 544,335 
Fannie Mae2018-3 LP 3% 02/471,020,165 1,043,038 
Fannie Mae2018-16 NB 3.25% 12/44173,993 176,444 
Fannie Mae2018-11 LA 3.5% 7/45422,019 436,227 
Fannie Mae3.5% 2/25/46521,469 537,556 
Fannie Mae3.5% 10/25/44538,935 560,080 
Fannie Mae4% 3/25276,001 288,715 
Fannie Mae4% 11/25/48346,818 361,908 
Fannie Mae3% 3/25/481,455,752 1,498,806 
Fannie Mae3% 7/25770,313 800,555 
Fannie Mae2.5% 10/25/39419,183 430,286 
Fannie Mae5.50% 11/34 #310105149,751 168,229 
Fannie Mae20YR 2.5% 01/33#AL2974122,297 126,592 
Fannie Mae20YR 2.5% 01/33#AL2975143,678 148,364 
Fannie Mae20YR 2.5% 01/33#AL297674,697 77,017 
Fannie Mae20YR 2.5% 01/33#AL298298,203 101,897 
Fannie Mae15Yr 3.5% 10/29#Al585168,152 71,888 
Fannie Mae15Yr 3.5% 9/29#Al5878183,037 193,071 
Fannie Mae15Yr 4.5% 11/25#Al824254,078 55,890 
Fannie Mae2.5% 10/1/31 #AS8010360,340 374,219 
Fannie Mae6.50% 7/32 #5457598,394 9,673 
Fannie Mae6.50% 7/32 #5457624,078 4,696 
21

Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Fannie Mae6.00% 4/25 #66071917,653 18,346 
Fannie Mae2011-26 PA 4.5% 04/41155,595 167,032 
Fannie Mae3% 02/01/2033 #BM51081,822,978 1,911,834 
Fannie Mae3% 12/1/32 #BM51091,797,980 1,886,179 
Fannie Mae3% 9/1/32 #BM5110899,753 943,609 
Fannie Mae3.5% 02/01/35 #FM1045767,249 814,824 
Fannie Mae4.5% 6/1/39 #FM104548,259 52,401 
Fannie Mae4.5% 8/1/39 #FM1353121,494 132,264 
Fannie Mae3% 6/1/33519,283 544,270 
Fannie Mae4.5% 9/1/49 #FM1534749,610 816,001 
Fannie Mae3.5% 9/1/34 #FM1577624,136 662,642 
Fannie Mae3.5% 09/01/34 #FM1578267,786 284,056 
Fannie Mae3.5% 10/01/34 #FM1579170,523 180,190 
Fannie Mae4.5% #FM177491,532 99,389 
Fannie Mae4% 03/01/34 #FM28671,972,547 2,125,716 
Fannie Mae3% 03/01/50 #FM28701,927,235 2,025,961 
Fannie Mae4% 02/01/34 #FM3001946,966 1,013,396 
Fannie Mae3% 12/01/40 #FM4710895,819 942,829 
Fannie Mae3% 12/01/40 #FM47111,063,395 1,115,875 
Fannie Mae6.50% 11/22 #735137164 166 
Fannie Mae6.50% 12/32 #7354154,309 4,962 
Fannie Mae6.50% 7/35 #7450924,654 5,401 
Fannie Mae6.50% 8/36 #8880346,097 7,000 
Fannie Mae6.50% 8/36 #88854422,370 25,854 
Fannie Mae5.50% 2/37 #9049188,258 9,295 
Fannie Mae15YR 6.00% 1/24 #99542511,111 11,432 
Fannie Mae15YR 6.50% 2/24 #9956586,881 7,149 
Fannie Mae8.00% 11/37 #9957838,680 10,082 
Fannie Mae3.00% 11/32 #MA12371,293,878 1,360,159 
Fannie Mae3% 07/01/36 #MA26721,466,497 1,538,870 
Fannie Mae4% 4/1/38 #MA3337608,556 652,087 
Fannie Mae10YR 6.50% 12/37 #AD007020,232 23,088 
Fannie Mae6.50% 9/28 #AD032929,380 31,974 
Fannie Mae6.50% 12/35 #AD072325,721 29,645 
Fannie Mae15YR 5.50% 3/24 #AE04673,257 3,332 
Fannie Mae15YR 6.00% 3/24 #AE07454,008 4,117 
Fannie Mae6.50% 8/36 #AE074618,581 21,429 
Federal Home Loan Bank0.375% 09/04/255,000,000 4,863,229 
Fidelity National Information Services Inc1.15% 03/01/20261,255,000 1,222,462 
Fifth Third Bank2.375% 01/28/251,500,000 1,539,910 
First Republic Bank1.912%/VAR 02/12/24414,000 418,427 
Fiserv Inc3.5% 07/01/294,040,000 4,344,779 
Florida Power & Light2.85% 04/01/25254,000 265,233 
FMC Corporation3.45% 10/1/291,445,000 1,538,587 
22

Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Ford Motor Credit Company1.53% 05/15/20343,350,000 3,330,621 
Ford Motor Credit Company2.78% 9/15407,280 409,561 
Ford Motor Credit Company0.7% 09/15/251,009,000 1,004,801 
Ford Motor Credit Company3.52% 7/15/30 14885,000 927,843 
Fox Corporation3.05% 04/07/253,200,000 3,358,989 
Freddie Mac15YR 5.00% 10/23 #G1327615,964 16,357 
Freddie Mac5.50% 1/24 #G1343215,972 16,444 
Freddie Mac15YR 6.00% 1/24 #G1364717,671 18,241 
Freddie Mac15YR 6.00% 1/24 #G139821,834 1,853 
Freddie Mac15YR 5.50% 12/24 #G1401528,041 28,554 
Freddie Mac6.50% 9/23 #Z40030220,709 229,057 
Freddie Mac6.50% 5/24 #Z40034275,064 287,500 
Freddie Mac2068 B 10% 11/22397 410 
Freddie Mac2420 MZ 6.5% 2/32211,769 240,634 
Freddie Mac2012-4049 CA 3% 5/27257,375 264,487 
Freddie Mac0.375% 09/23/255,000,000 4,864,589 
Freddie MacK079 AM 3.93% 06/25/282,550,000 2,894,236 
Freddie Mac2018-K080 AM 3.986% 07/283,620,000 4,109,565 
Freddie Mac2018-K082 AM 3.92% 09/281,690,000 1,921,904 
Freddie Mac2018-K733 AM 3.75% 09/252,300,000 2,478,772 
Freddie Mac2018-K085 AM 4.06% 10/281,450,000 1,654,761 
Freddie Mac3.499% 1/25/262,500,000 2,607,816 
Freddie Mac3.566% 3/25/293,500,000 3,946,385 
Freddie Mac2527 TB 6% 11/327,182 7,853 
Freddie Mac3397 FC 0.8613% 12/37114,474 115,850 
Freddie Mac20YR 6.00% 9/27 #G3035746,330 50,379 
Freddie Mac20Yr 3% 01/01/33 #D999941,320,773 1,388,980 
Freddie Mac15YR 6.00% 11/23 #G13368312 319 
Freddie Mac15Yr 3% 05/31 #G15797958,042 1,007,179 
Freddie Mac15Yr 3% 10/01/30 #G185721,289,162 1,352,460 
Freddie Mac15Yr 3% 12/01/30 #G185781,027,095 1,077,526 
Freddie Mac3.5% 02/01/2043 #G073121,558,754 1,681,701 
Freddie Mac8.50% 7/28 #G0098122,947 25,327 
Freddie Mac2.5% 2/1/28 #J224722,123,226 2,199,762 
Freddie Mac3.5% 01/01/2038 #ZS93161,371,864 1,470,503 
Freddie Mac3.5% 01/33 #ZT19891,481,024 1,579,338 
Freddie Mac4% 03/01/2034 #SB0368997,310 1,076,621 
Freddie Mac30Yr 4.5% 02/01/47 #SD01351,208,595 1,325,174 
Freddie Mac20Yr 4.5% 01/01/40 #SC00451,633,954 1,799,222 
Freddie Mac4% 11/01/2034 #U59010933,568 1,018,795 
Freddie Mac30Yr 3% 07/01/28 #U79019881,218 914,017 
Freddie Mac20Yr 5.5% 02/01/29 #G311562,326,198 2,530,767 
Freddie Mac30Yr 3.5% 05/01/28 #U49064674,048 705,619 
Freddie Mac3.5% 01/01/2048 #Q535951,290,429 1,371,696 
23

Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Freddie Mac3% 07/01/2050 #RE60521,023,607 1,048,533 
Freddie Mac2075 PH 6.5% 8/2813,068 14,402 
Freddie Mac2208 PG 7% 1/3023,650 26,238 
Freddie Mac2262 Z 7.5% 10/3011,885 13,318 
Freddie Mac1584 L 6.5% 9/237,258 7,468 
Freddie Mac1577 PK 6.5% 9/231,323 1,375 
Freddie Mac1617 PM 6.5% 11/236,907 7,126 
Freddie Mac1837 Z 6.5% 4/266,562 6,799 
Freddie Mac1835 D 6% 4/267,608 8,155 
Freddie Mac2399 OH 6.5% 1/3221,136 23,275 
Freddie Mac2344 ZJ 6.5% 8/312,356 2,601 
Freddie Mac3.5% 6/15/263,008,411 3,135,176 
Freddie Mac3% 03/15/272,000,000 2,058,242 
Freddie Mac2012-4026 HA 3.5% 12/3947,651 47,651 
Freddie Mac2012-4016 Ca 2% 7/41239,628 242,841 
Freddie Mac2% 05/15/42304,719 309,077 
Freddie Mac2010-3703 Cy 4% 8/25597,258 624,541 
Freddie Mac2014-4352 A 3% 4/4079,173 79,527 
Freddie Mac2014-4358 Da 3% 6/40177,729 178,388 
Freddie Mac3% 12/43346,560 352,982 
Freddie Mac2015-4482 Dh 3% 6/42575,802 592,223 
Freddie Mac2015-4502 Ga 3.5% 8/4176,667 76,745 
Freddie Mac2016-4546 AB 2% 01/31806,382 814,957 
Freddie Mac3% 8/15/272,165,839 2,215,943 
Freddie Mac2016-4569 DA 3% 08/44720,509 744,087 
Freddie Mac4.5% 11/15/542,694,941 2,816,510 
Freddie Mac3% 5/15/43549,874 556,941 
Freddie Mac2.5% 03/15/47698,551 712,185 
Freddie Mac3% 09/15/32407,104 414,492 
Freddie Mac2013-4281 Lg 4% 1/43158,350 163,136 
Freddie Mac4314 KA 3% 12/39124,744 124,855 
Freddie Mac2017-4716 PA 3% 07/441,434,308 1,460,650 
Freddie Mac2474 NR 6.5% 7/3214,131 15,551 
Freddie Mac2484 LZ 6.5% 7/3222,743 25,113 
Freddie Mac2009-3534 Mb 4% 5/24280,299 288,449 
Freddie Mac15Yr 2.5% 10/31#G16387373,609 386,726 
Freddie Mac3% 05/01/33 #G16550540,522 566,724 
Freddie Mac25YR 5.50% 7/35 #G0581519,274 21,711 
Freddie Mac6.50% 8/26 #C909856,387 6,931 
Freddie Mac6.50% 10/26 #C9099541,484 45,123 
Freddie Mac20Yr 3.5% 6/32#C91456308,251 328,217 
Freddie Mac6.00% 8/26 #G005878,487 9,103 
Freddie Mac5.50% 3/34 #G0166528,525 32,192 
Freddie Mac6.00% 8/28 #C1391023,600 26,029 
24

Table of Contents
Raytheon Savings and Investment Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2021
(In Dollars/Shares)

Identity of Issue, Borrower, Lessor, or Similar Party Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value
Shares/Units/ Principal
(in shares/dollars)
 Current Value (in dollars)
Freddie Mac15YR 4.00% 4/26 #E0286720,757 21,817 
Freddie Mac2.5% 11/1/28 #J323741,359,732 1,407,472 
Freddie Mac2% 01/01/32 #ZS77351,842,485 1,893,576 
Freddie Mac2.5% 12/1/31 #SB0093793,843 823,180 
Freddie Mac3% 02/01/34 #SB0179769,656 805,728 
Freddie Mac3% 03/01/2033 #SB01811,421,330 1,489,720 
Freddie Mac3.5% 04/01/34 #SB0378672,882 715,027 
Freddie Mac5.50% 5/34 #Z40042209,269 235,261 
Freddie Mac20Yr 3% 11/33#G30872431,780 454,617 
Freddie Mac20Yr 3.5% 05/38#G31067189,916 202,217 
Freddie Mac2012-4135 AB 1.75% 06/4238,487 38,796 
Freddie Mac2% 8/15/3228,004 28,075 
Freddie Mac2% 10/15/3233,996 34,104 
Freddie Mac2015-4472 Wl 3% 5/45227,489