What is the main purpose of this 8-K filing?

The primary purpose of this 8-K filing is to provide investors with pro forma (as if) financial information for the year ended December 31, 2020. This data reflects the financial impact of the company's significant corporate restructuring, including the separation of its businesses into Carrier and Otis, and the merger with Raytheon Company.

What major corporate actions are reflected in the pro forma financials?

The pro forma financial information reflects two key events: the Separation of RTX's businesses into three independent companies (Carrier, Otis, and the current RTX) and the subsequent Merger of RTX with Raytheon Company, after which the company was renamed Raytheon Technologies Corporation. Both events were completed on April 3, 2020.

Why is pro forma financial information important for investors?

Pro forma financial information is important because it presents the company's financial performance on a basis that reflects significant historical events (like mergers and spin-offs) as if they had occurred at an earlier date. For RTX, this allows investors to better understand the combined financial results of the current Raytheon Technologies Corporation structure for the fiscal year 2020, rather than trying to piece together historical data from disparate entities.

Is this filing reporting actual financial results for 2020?

No, this filing is not reporting actual, audited financial results for 2020. It is providing unaudited pro forma combined financial information. This means it's a hypothetical presentation of what the financial statements would have looked like if the Separation and Merger had been completed before the start of the 2020 fiscal year. Actual 2020 results would have been reported in other filings.

RTX 8-K SEC Disclosure

Summary

Raytheon Technologies Corporation (RTX) filed an 8-K on August 4, 2021, primarily to provide pro forma financial information for the year ended December 31, 2020. This pro forma data reflects the significant corporate restructuring completed on April 3, 2020, which involved the separation of its businesses into three independent publicly traded entities: Carrier Global Corporation, Otis Worldwide Corporation, and the remaining RTX entity. The filing also incorporates the merger with Raytheon Company, following these separations, which resulted in the company changing its name to Raytheon Technologies Corporation. Investors should note that this filing is informational, providing a clearer financial picture of the post-restructuring entity as if these events had occurred prior to the reporting period. The pro forma statements are crucial for understanding the financial performance of the current RTX structure for the fiscal year 2020, as it consolidates the financial impact of these major transactions. This information is presented in conjunction with a prospectus supplement filed on the same date.

Key Highlights

1RTX filed an 8-K on August 4, 2021, to provide pro forma financial information for the year ended December 31, 2020.
2The pro forma data reflects the Separation of businesses into Carrier, Otis, and RTX, completed on April 3, 2020.
3The filing also incorporates the merger with Raytheon Company, completed after the separations.
4Following the merger, RTX officially changed its corporate name to Raytheon Technologies Corporation.
5This pro forma information is presented in connection with a prospectus supplement filed on August 4, 2021.
6The unaudited pro forma combined statement of operations for the year ended December 31, 2020, is attached as Exhibit 99.1.

RTX Corp 8-K Report, Corporate Update (Aug 4, 2021)

Summary

Key Highlights

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