11-K 2012
Table of Contents


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK
REPURCHASE SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
S
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2012.
 
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from______ to ______
Commission File Number 1-13699
RAYTHEON SAVINGS AND INVESTMENT PLAN
(Full title of the plan)
RAYTHEON COMPANY
(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 2011 Form 5500
Annual Report of Employee Benefit Plan
Under Employee Retirement Income Security Act of 1974
December 31, 2012 and 2011


Table of Contents
Raytheon Savings and Investment Plan
Table of Contents to Financial Statements and Supplemental Schedule
December 31, 2012 and 2011



 
Page(s)
 
 
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.




1
Table of Contents


Report of Independent Registered Public Accounting Firm

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

In our opinion, the accompanying statements of net assets available for benefits and the related statement of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the Raytheon Savings and Investment Plan (the “Plan”) at December 31, 2012 and 2011, and the changes in net assets available for benefits for the year ended December 31, 2012 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.


/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
June 24, 2013

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Table of Contents
Raytheon Savings and Investment Plan
Statements of Net Assets Available for Benefits
December 31, 2012 and 2011
 
 
2012
 
2011
Assets
 
 
 
 
Investments
 
 
 
 
At fair value (Notes 2, 3, and 4)
 
 
 
 
Investment contracts
 
$
2,002,616,020

 
$
2,058,759,571

Registered investment companies
 
5,576,511,926

 
5,471,584,867

Common collective trusts
 
3,600,894,907

 
2,450,655,030

Raytheon Company common stock
 
1,028,235,551

 
1,048,648,885

Total investments
 
12,208,258,404

 
11,029,648,353

Receivables
 
 
 
 
Receivables for securities sold
 
40,194,751

 
31,634,619

Notes receivable from participants
 
239,591,741

 
242,084,204

Accrued investment income and other receivables
 
28,685,589

 
29,738,745

Total receivables
 
308,472,081

 
303,457,568

 
 
 
 
 
Total assets
 
12,516,730,485

 
11,333,105,921

Liabilities
 
 
 
 
Due to Trustee
 
28,435,894

 
—

Payable for securities purchased
 
16,391,352

 
40,411,410

Accrued investment expenses and other payables
 
4,471,457

 
3,855,472

Total liabilities
 
49,298,703

 
44,266,882

 
 
 
 
 
Net Assets available for benefits at fair value
 
12,467,431,782

 
11,288,839,039

 
 
 
 
 
Adjustment from fair value to contract value for interest in fully
   benefit-responsive investment contracts
 
(95,727,243
)
 
(64,066,806
)
Net assets available for benefits
 
$
12,371,704,539

 
$
11,224,772,233


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, 2012


 
 
2012
Additions to net assets attributable to:
 
 
 
 
 
Net appreciation of investments (Notes 2, 3 and 4)
 
$
1,021,726,698

Interest and dividends
 
256,921,849

Interest income on notes receivable from participants (Note 2)
 
8,636,430

 
 
 
Contributions and deferrals
 
 
Employee deferrals
 
609,408,574

Employer contributions
 
278,219,320

 
 
887,627,894

Total additions
 
2,174,912,871

 
 
 
Deductions from net assets attributable to:
 
 
 
 
 
Distributions to participants
 
1,035,292,887

Administrative expenses
 
3,114,277

Total deductions
 
1,038,407,164

 
 
 
Increase in net assets prior to plan mergers
 
1,136,505,707

Transfers in from affiliate benefit plans (Note 1)
 
10,426,599

Increase in net assets available for benefits
 
1,146,932,306

Net assets, beginning of year
 
11,224,772,233

Net assets, end of year
 
$
12,371,704,539


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


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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011


1. Description of Plan
The following description of the Raytheon Savings and Investment Plan (the “Plan”) provides only general information. Participants should refer to the Plan document for a complete description of the Plan's provisions.
General
The Plan is a defined contribution plan covering the majority of employees of Raytheon Company (the “Company” or the “Plan Sponsor”). Most 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 Raytheon Company common stock 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 (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”).

Raytheon Trusted Computer Solution, Inc is a wholly-owned subsidiary of Raytheon Company. The net assets of the Trusted Computer Solutions, Inc. 401(k) Plan, amounting to $10,426,599, were merged into the Plan on May 25, 2012 and the employees became eligible to participate in the Plan on that date.
Contributions and Deferrals
Eligible employees may contribute to the Plan up to 50% of their compensation, as defined in the Plan document. The Code limits eligible compensation the Plan may take into account to $250,000 for the 2012 plan year. Employee contributions, including rollovers, are invested based on participant investment elections. For 2012, the annual employee pretax elective deferral contributions for a participant cannot exceed $17,000, except for catch-up contributions. Participants also may make after tax contributions, but total employee (pretax and after tax) contributions and employer contributions may not exceed $50,000 for the 2012 plan year, except for catch-up contributions. A participant who is eligible to make elective pretax contributions and is at least age 50 by the end of 2012 may make pretax catch-up contributions up to $5,500. Effective September 1, 2011, 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 employees hired after December 31, 2009, 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. For most employees hired before January 1, 2010, the Company matches 100% of the first 4% of eligible compensation that a participant contributes to the Plan each pay period. Matching Company contributions are made in cash and are invested based on the investment allocation elected by each participant.

Effective January 1, 2007, 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 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 was hired 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, Raytheon Company common stock, fixed income securities and other investments. In addition, in 2011 the Plan Sponsor added a new investment option to participants in the form of a self-directed brokerage account.

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011

Participant Accounts
Each participant account is credited with the participant's contributions, the Company's contributions and an allocation of Plan earnings (losses). Plan earnings (losses) are allocated based on account balances by investment option. Expenses payable by the Plan are charged to participant accounts or paid from the forfeiture account.

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 including ESOP 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, 2012 and 2011, unallocated Plan forfeitures were $250,759 and $603,608, respectively. During 2012, the total amount of forfeitures were $2,361,416.
 
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 $50,000, 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. Loan payments and interest payments are credited to the borrower's account in the investment options according to the participant's current investment election. As of December 31, 2012 and 2011, the interest rates on the outstanding loans ranged from 3.25% to 10.00%.

Payment of Benefits
A participant may make certain in-service withdrawals of at least $250, including all or a portion of participant after tax contributions and related earnings at any time and all or a portion of participant contributions, employer contributions and related earnings upon attainment of age 59 1/2. 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 pretax contribution rate for the next six months. Participants who have participated in the Plan for five years or more may take withdrawals of their company matching contributions. On termination of employment, a participant will receive a lump-sum distribution unless the vested account is valued in excess of $1,000, and the participant elects to defer distribution. Otherwise, a terminated participant may defer the distribution until April 1 of the year following the year in which the participant reaches age 70 1/2.

Participants who have investments in the Raytheon Stock Fund which is primarily comprised of Raytheon Company 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. Of the $37,823,327 in dividends earned by the Plan, $1,204,857 was received in cash by participants who elected the cash payment option.
2. Summary of Significant Accounting Policies
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.

Investment contracts held by a defined-contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts or wrap contracts because contract value is the amount participants would

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011

receive if they were to initiate permitted transactions under the terms of the Plan. The Plan invests in benefit-responsive investment contracts through the Fixed Income Fund. As required, the statements of net assets available for benefits presents the fair value of the fully benefit-responsive investment contracts in the Fixed Income Fund and the adjustment from fair value to contract value relating to the investment contracts. The statement of changes in net assets available for benefits is prepared on a contract value basis.

Certain reclassifications have been made to the presentation of prior year financial statements to conform to the current year presentation.

Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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
Plan investments are stated at fair value including the Plan's benefit-responsive investment contracts. See Note 4 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 fully benefit-responsive investment contracts, 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 but unpaid interest. No allowance for credit losses have been recorded as of December 31, 2012 or 2011. Delinquent participant loans are reclassified as distributions 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 or by the Company. Expenses paid by the Company are excluded from these financial statements.

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

Raytheon Applied Signal Technology, Inc. is a wholly-owned subsidiary of the Plan Sponsor. The net assets of Applied Signal Technology Base 401(k) Plan, amounting to approximately $135,000,000, were merged into the Plan on January 16, 2013. Raytheon Applied Signal Technology, Inc.’s employees became eligible to participate in the Plan on that date.

Raytheon Telemus, Inc. is a wholly-owned subsidiary of the Plan Sponsor. The net assets of the Raytheon Telemus, Inc.’s 401(k) and Profit Sharing Plan, amounting to approximately $11,000,000, were merged into the Plan on April 3, 2013. Raytheon Telemus, Inc.’s employees became eligible to participate in the Plan on that date.

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011

Raytheon Technology Associates Inc. is a wholly-owned subsidiary of the Plan Sponsor. The net assets of Technology Associates’ 401(k) Profit Sharing Plan and Trust, amounting to approximately $22,000,000, were merged into the Plan on June 11, 2013. Raytheon Technology Associates, Inc.’s employees became eligible to participate in the Plan on that date.
Accounting Standards
In May 2011, FASB issued ASU No. 2011-4, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The amendments in this update result in common fair value measurements and disclosure requirements in U.S. Generally Accepted Accounting Principles (“GAAP”) and International Financial Reporting Standards. Consequently, the amendments change the wording used to describe many of the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements. Some of the amendments clarify FASB's intent about the application of existing fair value measurements, while other amendments change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements. The update is effective for annual periods beginning after December 15, 2011. The plan's financial statements reflect the adoption of this accounting standard.
3. Investments
The following presents investments that represent 5% or more of the Plan's net assets:
 
 
2012
 
2011
Northern Trust Collective S&P 500 Index Fund - DC - Non-Lending
 
$
1,571,114,408

 
$
1,169,143,471

Hartford Capital Appreciation HLS IA
 
1,490,988,672

 
1,605,631,538

Janus Balanced N Fund(a)
 
1,243,948,230

 
—

Fidelity Institutional Money Market Fund - Money Market Portfolio
 
1,074,219,160

 
1,243,780,114

Raytheon Common Stock
 
1,028,235,551

 
1,048,648,885

Northern Trust ACWI ex-US Fund - DC Non-Lending (a)
 
803,966,425

 
—

Pimco Total Return Institutional Fund
 
708,894,078

 
575,686,571

Janus Balanced I Fund (b)
 
—

 
1,247,686,825

 
 
 
 
 
(a) Investment did not represent more than 5% of the Plan's net assets in 2011.
 
 
 
 
(b) Investment did not represent more than 5% of the Plan's net assets in 2012.
 
 
 
 

During the year ended December 31, 2012 the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value as follows:
Registered investment companies
 
$
415,618,813

Common collective trusts
 
426,054,144

Raytheon Company common stock
 
180,053,741

 
 
$
1,021,726,698

4. 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. The 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 as well as the assets and liabilities that we value using those levels of inputs.


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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011

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.

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, 2012 and 2011.

A Synthetic Guaranteed Investment Contract (“GIC”) represents individual assets, usually a portfolio of high quality fixed income securities placed in a trust, with ownership by the Plan. Individual assets of the synthetic investment contract are valued at fair value. The Plan purchases third party issued benefit-responsive wrapper contracts that guarantees that participant transactions are executed at contract value subject to certain provisions. The fair value of the wrap contracts for the GIC is determined using a discounted cash flow model which considers recent rebids as determined by recognized dealers, discount rate and the duration of the underlying portfolio.

Investments in registered investment companies and common collective trusts are valued at the closing net asset value reported on the last business day of the year. Investments in securities (common stocks) traded on a national securities exchange are valued at the exchange traded close. Investments in fixed income securities (U.S. government, domestic and foreign bonds) and convertible securities are valued by a pricing service which determines valuations for normal institutional-size trading units of such securities using methods based upon market transactions for comparable securities and various relationships between securities which are generally recognized by institutional traders. Future contracts are valued at the last settlement price at the end of each day on the exchange upon which they are traded.

The Plan invests in common collective trusts ("CCT") which are valued at the net asset value ("NAV") of the CCT. The NAV, as provided by Fidelity Management Trust Company ("FMTC"), the Trustee, is used as an estimate of fair value. The NAV is based on the fair value of the underlying investments held by the CCT less its liabilities. The NAV is not used when it is determined to be probable that the Plan will sell the investment for an amount different than the reported NAV. Participant transactions (purchases and sales) may occur daily. Were the Plan to initiate a full redemption of the CCT, the investment adviser 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 following tables set forth the investment assets of the Plan that were measured at fair value on a recurring basis by level within the fair value hierarchy. We classify assets measured at fair value in their entirety based on the lowest level of input that is significant to their fair value measurement.

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011

 
Fair Value of Investment Assets as of 12/31/2012
 
Level 1
 
Level 2
 
Level 3
 
Total
Investment contracts
 
 
 
 
 
 

Fixed income

 

 

 

US government and agencies
$
709,431,956

 
$
132,916,172

 
$
—

 
$
842,348,128

Corporate debt
—

 
578,160,803

 
—

 
578,160,803

Mortgage backed securities
—

 
434,444,095

 
—

 
434,444,095

Asset backed securities
—

 
107,116,914

 
—

 
107,116,914

Common collective trust
—

 
19,417,182

 
—

 
19,417,182

Other fixed income investments
—

 
19,149,783

 
—

 
19,149,783

Futures contracts
49,766

 
—

 
—

 
49,766

Wrap contracts
—

 
—

 
1,929,349

 
1,929,349

Total investment contracts
709,481,722

 
1,291,204,949

 
1,929,349

 
2,002,616,020

 
 
 
 
 
 
 

Registered investment companies
 
 
 
 
 
 

Target date mutual funds
7,882,815

 
—

 
—

 
7,882,815

Fixed income based mutual funds
914,564,403

 
—

 
—

 
914,564,403

Equity based mutual funds
3,460,961,609

 
—

 
—

 
3,460,961,609

Money market funds
1,193,103,099

 
—

 
—

 
1,193,103,099

Total registered investment companies
5,576,511,926

 
—

 
—

 
5,576,511,926

 
 
 
 
 
 
 
 
Common collective trusts
 
 
 
 
 
 
 
Fixed income based funds
—

 
493,715,515

 
—

 
493,715,515

Equity based funds
—

 
3,107,179,392

 
—

 
3,107,179,392

Total common collective trusts
—

 
3,600,894,907

 
—

 
3,600,894,907

 
 
 
 
 
 
 
 
Raytheon Company common stock
1,028,235,551

 
—

 
—

 
1,028,235,551

Total Investments
$
7,314,229,199

 
$
4,892,099,856

 
$
1,929,349

 
$
12,208,258,404




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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011

 
Fair Value of Investment Assets as of 12/31/2011
 
Level 1
 
Level 2
 
Level 3
 
Total
Investment contracts
 
 
 
 
 
 
 
Fixed income
 
 
 
 
 
 
 
US government and agencies
$
737,135,933

 
$
127,736,843

 
$
—

 
$
864,872,776

Corporate debt
—

 
580,278,628

 
—

 
580,278,628

Mortgage backed securities
—

 
463,479,847

 
—

 
463,479,847

Asset backed securities
—

 
102,996,699

 
—

 
102,996,699

Common collective trust
—

 
33,658,069

 
—

 
33,658,069

Other fixed income investments
—

 
10,009,931

 
—

 
10,009,931

Futures contracts
88,281

 
—

 
—

 
88,281

Wrap contracts
—

 
—

 
3,375,340

 
3,375,340

Total investment contracts
737,224,214

 
1,318,160,017

 
3,375,340

 
2,058,759,571

 
 
 
 
 
 
 
 
Registered investment companies
 
 
 
 
 
 
 
Target date mutual funds
4,932,325

 
—

 
—

 
4,932,325

Fixed income based mutual funds
728,090,670

 
—

 
—

 
728,090,670

Equity based mutual funds
3,365,591,250

 
—

 
—

 
3,365,591,250

Money market funds
1,372,970,622

 
—

 
—

 
1,372,970,622

Total registered investment companies
5,471,584,867

 
—

 
—

 
5,471,584,867

 
 
 
 
 
 
 
 
Common collective trusts
 
 
 
 
 
 
 
Fixed income based funds
—

 
229,947,688

 
—

 
229,947,688

Equity based funds
—

 
2,220,707,342

 
—

 
2,220,707,342

Total common collective trusts
—

 
2,450,655,030

 
—

 
2,450,655,030

 
 
 
 
 
 
 
 
Raytheon Company common stock
1,048,648,885

 
—

 
—

 
1,048,648,885

Total Investments
$
7,257,457,966

 
$
3,768,815,047

 
$
3,375,340

 
$
11,029,648,353



Level 3 Gains and Losses

The tables below summarize changes in the fair value of the Plan's Level 3 investment assets. The depreciation of the fair value of the wrap contracts is not included on the Statement of Changes in Net Assets Available for Benefits, nor does it affect participant balances or transactions, as the investment contracts are transacted at and carried at contract value on the Statement of Net Assets Available for Benefits.

 
Level 3 Investment Assets - 12/31/2012
 
Balance, beginning of year
 
Realized gains (losses)
 
Unrealized appreciation (depreciation)
 
Purchases
Sales
 
Transfers in (out) of level 3
 
Balance, end of year
Investment contracts
 
 
 
 
 
 
 
 
 
 
 
 
Wrap contracts
$
3,375,340

 
$
—

 
$
(1,445,991
)
 
$
—

$
—

 
$
—

 
$
1,929,349

Total
$
3,375,340

 
$
—

 
$
(1,445,991
)
 
$
—

$
—

 
$
—

 
$
1,929,349


Unrealized depreciation of $1,445,991 relates to investment assets held by the Plan at December 31, 2012.

11
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011


 
Level 3 Investment Assets - 12/31/2011
 
Balance, beginning of year
 
Realized gains (losses)
 
Unrealized appreciation (depreciation)
 
Purchases
 
Sales
 
Transfers in (out) of level 3
 
Balance, end of year
Investment contracts
 
 
 
 
 
 
 
 
 
 
 
 
 
Wrap contracts
$
3,668,395

 
$
—

 
$
(293,055
)
 
$
—

 
$
—

 
$
—

 
$
3,375,340

Investment in the DB/DC Master Trust
158,774

 
(248,991
)
 
249,035

 
 
 
(158,818
)
 
—

 
—

Total
$
3,827,169

 
$
(248,991
)
 
$
(44,020
)
 
$
—

 
$
(158,818
)
 
$
—

 
$
3,375,340


Unrealized depreciation of $293,055 relates to investment assets held by the Plan at December 31, 2011.

5. Investment Contracts
For the plan year ended December 31, 2012 and 2011, the Plan included the Fixed Income Fund, which holds four Synthetic GICs issued by American General Life Insurance Company (formerly AIG Financial Products, Inc.), JP Morgan Chase Bank, Prudential Insurance Company of America and State Street Bank and Trust Company (collectively the “Wrap contract providers”).

A Synthetic GIC, also known as a wrap contract, is an investment contract issued by an insurance company or other financial institution comprised of a portfolio of high quality fixed income securities placed in a trust with ownership by the Plan. Synthetic GICs are designed to decrease volatility by providing the Fixed Income Fund with the ability to execute certain participant transactions at contract value. Under the Synthetic GIC, 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 that are subject to the Synthetic GIC. Individual assets of the Synthetic GICs are valued based on the policy discussed in Notes 2 and 4.

Income from Synthetic GICs 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 Synthetic GICs.

Synthetic GICs accrue interest using a formula called the “crediting rate.” Synthetic GICs use the crediting rate formula to convert market value changes in the covered assets into income distributions in order to minimize the difference between the market and contract value of the covered 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 covered investments. The difference is amortized over the 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 Synthetic GICs 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 of the security issuer or the 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 covered 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

12
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011

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 Wrap contract providers to pay further participant redemptions.

The Fixed Income Fund and the Synthetic GICs 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 Synthetic GICs 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
Wrap contract provider.
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.
10.    Bankruptcy of the Plan Sponsor or other Plan Sponsor events which cause a significant withdrawal from the
Plan.
A Wrap contract provider may terminate a Synthetic GIC at any time. In the event that the market value of the Fixed Income Fund's covered assets is below their contract value at the time of such termination, the Trustee may elect to keep the Wrap contract in place until such time as the market value of the Fixed Income Fund's covered assets is equal to their contract value. A Wrap contract provider may also terminate a Synthetic GIC 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 Synthetic GICs fail to be met. In the event that the market value of the Fixed Income Fund's covered assets is below their contract value at the time of such termination, the terminating Wrap contract provider would not be required to make a payment to the Fixed Income Fund.
Synthetic GICs generally impose conditions on both the Plan and the Wrap contract provider. If an event of default occurs and is not cured, the non-defaulting party may terminate the contract. 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 issuer may be in default if it breaches a material obligation under the investment contract; makes a material misrepresentation; has a decline in its long term credit rating below a threshold set forth in the contract; is acquired or reorganized and the successor issuer does not satisfy the investment or credit guidelines applicable to issuers. The issuing institutions' ability to meet their contractual obligations under the respective contracts may be affected by future economic and regulatory developments in the insurance and banking industries. If, in the event of default of an issuer, the Plan was unable to obtain a replacement investment contract, withdrawing plans may experience losses if the value of the Plan's assets no longer covered by the contract 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 an issuer and an inability to obtain a replacement agreement could render the Plan unable to achieve its objective of maintaining a stable contract value. The terms of an investment contract generally provide for settlement of payments only upon termination of the contract or total liquidation of the covered investments. Generally, payments will be made pro-rata, based on the percentage of investments covered by each issuer. Contract termination occurs whenever the contract value or market value of the covered investments reaches zero or upon certain events of default. If the contract terminates due to issuer default (other than a default occurring because of a decline in its rating), the issuer will generally be required to pay to the Plan the excess, if any, of contract value over market

13
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011

value on the date of termination. If a Synthetic GIC terminates due to a decline in the ratings of the issuer, the 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 contract. If the contract terminates when the market value equals zero, the 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. Contract termination also may occur by either party upon election and notice.
The issuer may elect to terminate the contract for no reason by giving certain notice to the Trustee. If, at any time, prior to dates agreed to in each contract 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 contract apply. The immunization provision results in the wrapped portion of the Plan being managed according to more conservative immunization investment guidelines provided for in the contract and the contract can terminate in segments over a period of time. In the event a wrap issuer sought to terminate its contract or immunize its portion of the portfolio, the fund can seek to replace that Wrap contract provider with another financial institution.
Plans investing in Wrap contracts 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 Wrap contracts, risk associated with interest rate fluctuations, and risk of losses caused by liquidation of contracts or investments to meet withdrawal demands.

The fair value of the Fixed Income Fund's Synthetic GICs exceeded the contract value by $95,727,243 and $64,066,806, at December 31, 2012 and December 31, 2011 respectively. The crediting rates are adjusted monthly to reflect the experience and anticipated yields to be earned on such investments, based on their book value. The average yield and crediting interest rates were as follows:
 
December 31, 2012
 
December 31, 2011
Average annual yield
2.60%
 
2.45%
Crediting interest rate
2.50%
 
2.63%
6. Future Contracts
A future contract is a contractual agreement to make or take delivery of a standardized quantity of a specified grade or type of commodity or financial instrument at a specified future date in accordance with terms specified by a regulated future exchange.

As described in Note 5, the Synthetic GICs represent individual assets placed in a trust, with ownership by the Plan. As of December 31, 2012 and 2011, the Synthetic GICs contained future contracts. The Plan uses fixed income future contracts to manage exposure to the market. Buying future contracts tends to increase the Plan's exposure to the underlying instrument. Selling futures tends to decrease the Plan's exposure to the underlying instrument held, or hedge the fair value of other fund investments.

Upon entering into a future contract, the Plan is required to deposit either in cash or securities an amount equal to a certain percentage of the nominal value of the contract (“initial margin”) with the broker. The Plan does not employ leverage in its use of futures, thus cash balances are maintained at a level at least equal to the contract value of the futures. Pursuant to the future contract, the Plan agrees to receive from, or pay to, the broker an amount of cash equal to the daily fluctuation in the value of the future contract. Such receipts or payments are known as “variation margin” which are settled daily and are included in net appreciation (depreciation) of investments. In addition, the Plan pledges collateral, generally U.S. government bonds, for open fixed income future positions.

Future contracts involve, to varying degrees, credit and market risks. The Fund enters into future contracts on exchanges where the exchange acts as the counterparty to the transaction. Thus, credit risk on such transactions is limited to the failure of the exchange. The daily settlement on the future contracts serves to greatly reduce credit risk. Losses in value may arise from changes in the value of the underlying instrument or if there is an illiquid secondary market for the contracts. In addition, there is the risk that there may not be an exact correlation between a future contract and the underlying index or security.






14
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011

A summary of open fixed income futures is presented below as of December 31, 2012 and 2011.
 
Long Contracts
 
Short Contracts
 
2012
 
2012
 
Number of Contracts
 
Aggregate Face Value
 
Number of Contracts
 
Aggregate Face Value
 
 
 
 
 
 
 
 
US 2 Year Treasury Note
51

 
$
11,243,906

 
—

 
$
—

US 5 Year Treasury Note
231

 
28,739,648

 
—

 
—

US 10 Year Treasury Note
28

 
3,717,875

 
—

 
—

US Ultra Bond (CBT)
—

 
—

 
7

 
1,138,156

US Long Bond (CBT)
—

 
—

 
48

 
7,080,000

 
310

 
$
43,701,429

 
55

 
$
8,218,156


 
Long Contracts
 
Short Contracts
 
2011
 
2011
 
Number of Contracts
 
Aggregate Face Value
 
Number of Contracts
 
Aggregate Face Value
 
 
 
 
 
 
 
 
US 2 Year Treasury Note
144

 
$
31,758,750

 
—

 
$
—

US 5 Year Treasury Note
548

 
67,545,281

 
—

 
—

US 10 Year Treasury Note
19

 
2,491,375

 
—

 
—

US Ultra Bond (CBT)
—

 
—

 
20

 
3,203,750

US Long Bond (CBT)
—

 
—

 
36

 
5,213,250

 
711

 
$
101,795,406

 
56

 
$
8,417,000


The average number of futures contracts held during the years ended December 31, 2012 and December 31, 2011 was 462 and 478 contracts, respectively based on a quarterly average.

7. Related Party Transactions
The Trustee of the Plan is FMTC. Certain Plan investments are shares of registered investment companies managed by affiliates of the Trustee and therefore, these transactions in addition to participant loans qualify as party-in-interest transactions. The Plan also pays fees to the Trustee. These transactions qualify as party-in-interest transactions as well. In addition, The Bank of New York Mellon, successor by operation of law to Mellon Trust of New England, N.A. (the “Custodian”) served as custodian for certain assets of the Plan during 2011. Certain Plan investments are issued by the Custodian and therefore, these transactions qualify as party-in-interest transactions. In addition, the Plan paid certain fees to the Custodian.

In accordance with the provisions of the Plan, the Trustee acts as the Plan's agent for purchases and sales of shares of Raytheon Company common stock. Purchases amounted to $32,133,889 and sales amounted to $214,410,142 for the year ended December 31, 2012. Dividend income from shares of Raytheon Company common stock amounted to $36,618,470 for the year ended December 31, 2012.
8. 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 then in his or her account.
9. Federal Income Tax Status

15
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2012 and 2011

The Internal Revenue Service (the “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 Plan administrator and the Company's benefits counsel believe 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, presentations 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, 2012 and 2011, respectively. The Plan is subject to examinations by taxing jurisdictions. On March 28, 2011, the IRS began an examination of the Plan for the Plan year ended December 31, 2009.
10. 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 in the near term and that 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 fiduciary has a credit policy in place and the exposure to counterparty credit risk, as well as the creditworthiness of these counterparties, is monitored on an ongoing basis.

16
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)






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
 
 Current Value
Investment Contracts
 
 
 
 
 
 
 
3M Co Mtn
 
1% 6/26/17
 
$
100,000

 
$
100,333

 
Abbvie Inc
 
1.75% 11/06/17 144A
 
3,318,000

 
3,352,849

 
Abbvie Inc
 
2% 11/6/18 144A
 
2,680,000

 
2,713,446

 
Abnanv
 
3% 01/14 SNR
 
1,680,000

 
1,712,175

 
ACE INA Holding
 
5.875% 6/15/14
 
400,000

 
429,562

 
Aetna Inc
 
6.5% 9/15/18
 
1,850,000

 
2,299,234

 
Aetna Inc
 
4.125% 6/01/21
 
250,000

 
277,435

 
Aetna Inc
 
1.5% 11/15/17
 
1,533,000

 
1,535,536

 
Agrium Inc
 
3.15% 10/01/22
 
250,000

 
248,125

 
AIG Intl Grp
 
4.875% 6/01/22
 
600,000

 
684,237

 
AIG Intl Mtn
 
8.25% 8/15/18
 
830,000

 
1,090,115

 
Air Prods & Chm
 
4.15% 2/1/13
 
150,000

 
150,445

 
Allied Wrld As
 
7.5% 8/01/16
 
1,350,000

 
1,594,642

 
Allstate Lf Mtn
 
5.375% 4/30/13
 
275,000

 
279,554

 
Allya
 
2012-5 A2 0.45% 7/15
 
713,000

 
712,914

 
Allya
 
2012-3 A2 0.7% 2/15/14
 
580,000

 
581,001

 
Allya
 
2011-1 A3 1.45% 1/15
 
309,966

 
310,965

 
Allya
 
2011-2 A3 1.18% 4/15
 
318,366

 
319,433

 
Allya
 
2011-5 A3 .99% 11/15
 
1,000,000

 
1,005,373

 
Allya
 
2012-1 A2 0.71% 9/14
 
338,628

 
339,119

 
Allya
 
2012-2 A3 0.74% 4/16
 
827,000

 
830,511

 
Allya
 
2012-4 A3 0.59% 1/17
 
636,000

 
636,984

 
Allyl
 
2012-SN1 A3 .57% 8/20/15
 
590,000

 
590,259

 
Altria Group
 
4.125% 9/11/15
 
650,000

 
705,487

 
Altria Group Inc
 
8.5% 11/13
 
565,000

 
601,987

 
Altria Group Inc
 
9.7% 11/10/18
 
1,350,000

 
1,889,183

 
Altria Group Inc
 
9.25% 8/6/19
 
1,138,000

 
1,581,953

 
Amer Honda
 
2.5% 9/21/15 144A
 
640,000

 
667,346

 
Amer Honda Mtn
 
1.85% 9/14 144A
 
1,000,000

 
1,017,101

 
Amer Intl Grp Glb
 
5.6% 10/18/16
 
300,000

 
342,494

 
American Ex Cc
 
2.75% 9/15/15
 
962,000

 
1,008,465

 
American Ex Mtn
 
2.8% 9/19/16
 
507,000

 
536,277

 
American Exp
 
.875% 11/13/15
 
430,000

 
429,648

 
American Exp Mtn
 
5.875% 5/13
 
525,000

 
534,482

 
American Honda
 
1.5% 9/17 144A
 
430,000

 
429,726

 
American Intl
 
4.25% 5/15/13
 
500,000

 
506,073

 
American Intl
 
5.85% 1/16/18
 
500,000

 
590,889


17
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
American Intl Grp
 
3.8% 3/22/17
 
323,000

 
349,484

 
American Water Glb
 
6/10/1985
 
150,000

 
179,221

 
Amex
 
2.65% 12/02/22 144A
 
2,012,000

 
2,001,560

 
Amgen Inc
 
4.1% 6/15/21
 
2,255,000

 
2,495,667

 
Amxca
 
2012-2 A .68% 3/18
 
2,120,000

 
2,127,122

 
Amxca
 
2012-5 A 0.59% 5/18
 
2,150,000

 
2,150,159

 
Anadarko Pete
 
6.95% 6/15/19
 
995,000

 
1,257,498

 
Anadarko Petro
 
6.375% 9/15/17
 
500,000

 
597,049

 
Anglo Ameri
 
9.375% 4/8/14 144A
 
545,000

 
599,129

 
Anheuser Busch
 
1.375% 7/15/17
 
450,000

 
454,579

 
Anheuser Busch
 
2.5% 7/15/22
 
870,000

 
874,412

 
Anheuser-Busch Mtn
 
4.375% 2/21
 
2,525,000

 
2,935,209

 
Aon Corp
 
3.125% 5/27/16
 
1,800,000

 
1,894,504

 
Apache Corp
 
1.75% 4/15/17
 
123,000

 
126,262

 
Aristotle Hldg
 
2.75% 11/14 144
 
1,885,000

 
1,944,557

 
Astrazeneca Plc Glb
 
5.4% 6/1/14
 
220,000

 
235,094

 
AT&T Broadband
 
8.375% 3/15/13
 
146,000

 
148,302

 
AT&T Inc
 
5.8% 2/15/19
 
300,000

 
367,838

 
AT&T Inc
 
2.95% 5/15/16
 
1,000,000

 
1,058,449

 
AT&T Inc
 
3.875% 8/15/21
 
2,935,000

 
3,267,697

 
AT&T Inc
 
1.6% 2/15/17
 
1,110,000

 
1,122,676

 
AT&T Inc
 
1.4% 12/01/17
 
3,590,000

 
3,589,314

 
Atmos Energy
 
6.35% 6/15/17
 
200,000

 
241,853

 
Australia & Nz
 
1.875% 10/06/17
 
430,000

 
438,230

 
Autozone Inc
 
3.7% 4/15/22
 
590,000

 
619,601

 
Axis Specialty
 
5.875% 6/1/20
 
2,150,000

 
2,438,691

 
BAAT
 
2012-1 A3 0.78% 6/16
 
1,910,000

 
1,918,880

 
BACCT
 
2007-A3 A3 1ML+2 11/16
 
1,300,000

 
1,299,333

 
BACCT
 
2006-A7 A7 1ML+4 12/16
 
1,885,000

 
1,884,431

 
BACCT
 
2007-A6 A6 1ML+6 9/16
 
3,745,000

 
3,745,060

 
BACM
 
2005-2 A5 CSTR 7/43
 
2,240,000

 
2,430,662

 
Bank Amer
 
4.9% 5/01/13
 
415,000

 
420,663

 
Bank Amer
 
5.65% 5/01/18
 
4,525,000

 
5,262,611

 
Bank Amer
 
4.5% 4/1/15
 
2,210,000

 
2,355,544

 
Bank Amer Fdg
 
3.7% 9/1/15
 
2,745,000

 
2,901,627

 
Bank Amer Fdg C
 
3.875% 3/22/17
 
1,740,000

 
1,886,475

 
Bank Amer Mtn
 
6.5% 8/1/16
 
1,590,000

 
1,835,590

 
Bank America Crp
 
1.5% 10/09/15
 
450,000

 
452,264

 
Bank America Med
 
3/3/625
 
980,000

 
1,038,153

 
Bank Montreal Mtn
 
2.5% 1/11/17
 
450,000

 
471,562


18
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
Bank Nova Scotia
 
3.4% 1/22/15
 
2,720,000

 
2,867,636

 
Bank Nova Scotia
 
1.85% 1/12/15
 
1,235,000

 
1,264,738

 
Bank Nova Scotia
 
2.55% 1/12/17
 
150,000

 
157,788

 
Bank Nova Scotia
 
.75% 10/9/15
 
2,105,000

 
2,093,298

 
Bank Of America
 
6% 9/01/17
 
905,000

 
1,059,417

 
Bank Of America
 
3.75% 7/12/16
 
1,395,000

 
1,490,758

 
Bank Of America Cor
 
5.7% 1/22
 
640,000

 
768,848

 
Bank Of Nova Sc
 
2.05% 10/07/15
 
2,500,000

 
2,583,490

 
Bank Of NY
 
4.3% 5/15/14
 
510,000

 
535,994

 
Bank Of NY
 
5.45% 5/15/19
 
480,000

 
573,137

 
Bank Of NY
 
2.3% 7/28/16
 
610,000

 
637,430

 
Bank Of NY Mtn
 
2.4% 1/17/17
 
589,000

 
616,851

 
Bank Tokyo
 
2.6% 1/22/13 144A
 
870,000

 
870,787

 
Bankamer Glb
 
5.125% 11/15/14
 
250,000

 
266,611

 
Barclays Bank
 
2.375% 1/13/14
 
1,500,000

 
1,525,320

 
Barclays Bank Mtn
 
5.2% 7/10/14
 
215,000

 
228,764

 
Barclays Glb Mtn
 
5% 9/22/16
 
5,500,000

 
6,163,190

 
Barrick Gold
 
2.9% 5/30/16
 
2,000,000

 
2,097,856

 
Bat Intl Fin
 
2.125% 6/7/17 144
 
2,100,000

 
2,151,059

 
Baxter Intl
 
4% 3/1/14
 
115,000

 
119,447

 
Baxter Intl Glbl
 
4/3/625
 
100,000

 
108,292

 
BB&T Corporation
 
6.85% 4/19
 
50,000

 
63,622

 
BB&T Sr Mtn B
 
3.375% 9/25/13
 
400,000

 
408,318

 
Bear
 
7.25% 2/01/18
 
1,350,000

 
1,691,014

 
Bear Stearns Co
 
5.3% 10/30/15
 
675,000

 
747,971

 
Becton Dickinso
 
1.75% 11/8/16
 
1,170,000

 
1,204,197

 
Bellsouth Corp
 
5.2% 9/15/14
 
150,000

 
161,117

 
Berk Hath Inc
 
2.2% 8/15/16
 
133,000

 
138,732

 
Berkley Wr Corp
 
5.375% 9/15/20
 
1,300,000

 
1,452,978

 
Berkley Wr Corpmtn
 
7.375% 9/19
 
700,000

 
855,553

 
Berkshire Hath Glb
 
5 8/15/13
 
70,000

 
71,992

 
Berkshire Hathaway
 
4.6 5/15/13
 
350,000

 
355,427

 
Bk Nova Scotia
 
1.375% 12/18/17
 
1,070,000

 
1,071,072

 
Bk Of Amer Glb
 
5.625 10/16 MTN
 
250,000

 
282,598

 
Blackrock Inc
 
3.5% 12/10/14
 
1,725,000

 
1,821,798

 
BMWLT
 
2011-1 A3 1.06% 2/14
 
330,883

 
331,440

 
BMWLT
 
2012-1 A3 .75% 2/20/15
 
470,000

 
471,598

 
BMWOT
 
2011-A A3 .76% 8/15
 
4,060,000

 
4,073,629

 
Boit
 
2003-A4 A4 1ML+25 1/16
 
1,000,000

 
1,000,900

 
Boit
 
2003-A8 A8 1ML+25 5/16
 
400,000

 
400,604


19
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
Boit
 
2004-A3 A3 1ML+17 2/17
 
2,500,000

 
2,504,440

 
BP Cap Markets
 
5.25% 11/07/13
 
200,000

 
208,121

 
BP Cap Markets
 
3.125% 10/1/15
 
1,500,000

 
1,592,196

 
BP Cap Markt Plc Mtn
 
4.5% 10/20
 
750,000

 
863,543

 
BP Cap Mkts
 
3.561% 11/01/2021
 
665,000

 
717,828

 
BP Capital Markets
 
2.248% 11/16
 
440,000

 
457,634

 
BP Capital Mkts
 
1.375% 11/6/17
 
450,000

 
450,229

 
Branch Bank Mtn
 
4.875% 1/15/13
 
150,000

 
150,224

 
Brit Colmb Prov
 
2.1% 5/18/16
 
1,170,000

 
1,229,114

 
British Colmb Pro
 
1.2% 4/25/17
 
2,540,000

 
2,584,742

 
British Telecom
 
5.15% 1/15/13
 
935,000

 
936,289

 
BSCMS
 
05-T18 A4 4.933% 2/42
 
650,000

 
702,005

 
BSCMS
 
05-PWR8 A4 4.674% 6/41
 
460,000

 
498,560

 
BSCMS
 
2004-PWR4 A3 CSTR 6/41
 
212,999

 
223,900

 
BSCMS
 
06-PW11 AAB CSTR 3/39
 
238,256

 
248,285

 
BSCMS
 
2007-PW15 AAB 5.315% 2/44
 
941,188

 
975,516

 
BSCMS
 
2007-PW16 AAB CSTR 6/40
 
2,719,579

 
2,919,213

 
Bunge Ltd Glb
 
5/5/875
 
125,000

 
127,217

 
Burlington North San
 
4.1% 6/21
 
2,000,000

 
2,228,500

 
Cameron Intl Crp
 
4.5% 6/01/21
 
1,490,000

 
1,665,594

 
Canada Govt
 
.875% 2/14/17
 
2,585,000

 
2,605,098

 
Canada Natural
 
1.45% 11/14/14
 
450,000

 
456,397

 
Canadian Imp Bk
 
.9% 10/01/15
 
357,000

 
358,509

 
Capital One Fin
 
6.25% 11/15/13
 
325,000

 
340,700

 
Capital One Fin
 
6.75% 9/15/17
 
100,000

 
122,088

 
Capital One Fin
 
2.15% 3/23/15
 
1,070,000

 
1,092,121

 
Capital One Fin Co
 
1% 11/06/15
 
430,000

 
428,512

 
Capital One USA Mtn
 
8.8% 7/19
 
2,050,000

 
2,773,857

 
Carmx
 
2012-1 A3 0.89% 9/16
 
1,200,000

 
1,207,834

 
Carmx
 
2012-3 A3 0.52% 7/17
 
330,000

 
329,875

 
Carolina P & L
 
5/9/125
 
160,000

 
165,313

 
Caterp Fin Serv
 
5.5 3/15/16
 
75,000

 
86,104

 
Caterpillar Inc
 
2.6% 6/26/22
 
1,470,000

 
1,480,859

 
Caterpilr Fin Mtn
 
4.9% 8/15/13
 
370,000

 
380,227

 
CBS Corp
 
8.875% 5/15/19
 
900,000

 
1,213,010

 
CBS Corp New
 
3.375% 3/01/22
 
805,000

 
836,120

 
CCCIT
 
2003-A10 A10 4.75% 12/15
 
1,010,000

 
1,051,375

 
CCCIT
 
04-A8 A8 4.9% 12/16
 
5,700,000

 
6,182,325

 
CCCIT
 
2008-A5 A5 4.85% 4/15
 
1,030,000

 
1,044,616

 
CCCIT
 
2008-A6 A6 1ML+120 5/17
 
1,500,000

 
1,537,278


20
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
CCCIT
 
2009-A4 A4 4.9% 6/16
 
420,000

 
447,603

 
CCCIT
 
2012-A1 A1 0.55% 10/17
 
1,190,000

 
1,189,013

 
CD
 
2005-CD1 A4 CSTR 7/44
 
2,123,000

 
2,355,984

 
CD
 
06-CD2 A4 CSTR 1/46
 
2,000,000

 
2,239,810

 
CDP Finl Inc
 
3% 11/25/14 144A
 
1,740,000

 
1,818,507

 
Celgene Corp
 
1.9% 8/15/17
 
720,000

 
732,666

 
Cenovus Energy Inc
 
3% 8/15/22
 
920,000

 
938,521

 
Centerpoint Ener
 
6.125% 11/1/17
 
50,000

 
60,022

 
Centurytel Inc
 
5% 2/15/15
 
1,000,000

 
1,062,837

 
CFGNR
 
2011-150 D 3% 4/37
 
279,114

 
286,469

 
CGCMT
 
2006-C5 A4 5.431% 10/49
 
370,000

 
424,511

 
CHAIT
 
2008-A6 A6 1ML+120 5/15
 
1,350,000

 
1,355,920

 
CHAIT
 
2012-A3 A3 0% 6/17
 
2,150,000

 
2,163,890

 
CHAIT
 
2012-A5 A5 .59% 8/17
 
2,170,000

 
2,172,222

 
CHAIT
 
2012-A8 A8 0.54% 10/17
 
3,500,000

 
3,495,625

 
Chevron Corp Ne
 
1.104% 12/5/17
 
3,017,000

 
3,036,921

 
Cigna
 
4% 2/15/22
 
1,670,000

 
1,823,647

 
Cigna Mtn
 
5.125% 6/15/20
 
1,350,000

 
1,539,262

 
Cisco Systems
 
5.5% 2/22/16
 
80,000

 
91,423

 
Citigroup
 
5.125% 5/5/14
 
295,000

 
310,770

 
Citigroup
 
5% 9/15/14
 
1,890,000

 
1,988,446

 
Citigroup
 
5.5% 4/11/13
 
800,000

 
808,242

 
Citigroup
 
6.375% 8/12/14
 
35,000

 
37,823

 
Citigroup
 
4.75% 5/19/15
 
1,810,000

 
1,951,113

 
Citigroup
 
3.953% 6/15/16
 
1,635,000

 
1,759,394

 
Citigroup Frn
 
3ML+28 11/05/14
 
700,000

 
694,751

 
Citigroup Frn
 
8/13/2013
 
1,300,000

 
1,312,484

 
Citigroup Inc
 
6.5% 08/13 SNR
 
3,500,000

 
3,621,090

 
Citigroup Inc
 
4.5% 1/14/22
 
755,000

 
841,472

 
Citigroup Inc
 
4.45% 1/10/17
 
2,465,000

 
2,729,916

 
Citigroup Inc
 
2.65% 3/02/15
 
450,000

 
463,365

 
Citigroup Inc
 
2.25% 8/07/15
 
500,000

 
512,025

 
Citigroup Inc Glb
 
4.7% 5/29/15
 
100,000

 
107,702

 
Citigroup Inc Mtn
 
8.5% 5/22/19
 
2,500,000

 
3,359,145

 
Cleveland Elec
 
7.88% 11/01/17
 
80,000

 
100,392

 
Cme Group Inc
 
5.75% 2/14
 
75,000

 
79,204

 
Cmmonwlth Bk
 
3.5% 3/19/15 144A
 
500,000

 
528,574

 
Coca-Coal Ent
 
1.125% 11/12/13
 
698,000

 
701,126

 
Coca-Cola Co
 
1.8% 9/01/16 WI
 
1,735,000

 
1,791,486

 
COELT
 
05-B A2 @LIBUS3+10 12/21
 
869,724

 
868,452


21
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
Colgate-Palm Mtn
 
1.375% 11/15
 
1,500,000

 
1,532,373

 
Comcast Corp
 
5.3% 1/15/14
 
100,000

 
104,918

 
Comcast Corp
 
5.9% 3/15/16
 
2,100,000

 
2,412,188

 
Comcast Corp Glb
 
5.875% 2/15/18
 
1,972,000

 
2,375,501

 
Comerica Inc
 
3% 9/16/15
 
74,000

 
78,131

 
Comet
 
2008-A3 A3 5.05% 2/16
 
1,900,000

 
1,926,292

 
Comm
 
2012-LC4 A1 1.156% 12/44
 
646,206

 
652,148

 
Comm
 
2012-CR5 A1 0.673% 12/45
 
320,000

 
320,000

 
Comm
 
2012-CR1 A1 1.116% 5/45
 
161,771

 
163,253

 
Comm
 
2012-CR1 A2 2.35% 5/45
 
360,000

 
378,763

 
Comm
 
2004-LB2A A4 4.715 3/39
 
1,509,776

 
1,562,709

 
Comm
 
2006-C8 A4 0% 12/46
 
2,290,000

 
2,630,903

 
Comm
 
2006-C7 A4 CSTR 6/46
 
2,755,000

 
3,128,586

 
Commonwealth Edi
 
3.4% 9/01/21
 
1,615,000

 
1,741,895

 
Commonwealth NY
 
1.95% 3/16/15
 
1,750,000

 
1,795,747

 
Conocophillips
 
4.75% 2/1/14
 
53,000

 
55,400

 
Costco Whl New
 
.65% 12/07/15
 
226,000

 
226,105

 
Coventry Health
 
5.95% 3/15/17
 
1,000,000

 
1,162,100

 
Coventry Hlth
 
5.45% 6/15/21
 
300,000

 
356,221

 
Cr Bard Inc
 
1.375% 1/15/18
 
1,205,000

 
1,210,894

 
Credit Suis Fb Usa
 
5/8/125
 
125,000

 
138,716

 
Credit Suisse Fb
 
4.875% 1/15/15
 
200,000

 
215,543

 
CSFB
 
2003-C4 A4 5.137% 8/36
 
350,702

 
354,859

 
CSFB
 
2005-C5 A4 5.1% 8/38
 
3,250,000

 
3,572,290

 
CSFB
 
05-C5 AM CSTR 8/38
 
1,200,000

 
1,317,575

 
CSFB
 
05-C6 A4 5.23% 12/40
 
2,689,637

 
2,962,524

 
CSMC
 
2007-C2 A2 CSTR 1/49
 
142,339

 
143,539

 
CSMC
 
2006-C1 A4 CSTR 2/39
 
1,600,000

 
1,805,142

 
Daimler Fin
 
1.875% 9/15/14144A
 
2,885,000

 
2,932,285

 
Daimler Fin Llc
 
2.3% 1/15 144A
 
1,270,000

 
1,300,466

 
Daimler Fin Nor
 
1.3% 7/15 144A
 
430,000

 
432,463

 
Daimler Fina Na
 
1.65% 4/15 144
 
1,690,000

 
1,710,615

 
DBUBS
 
2011-LC3A A1 2.238% 8/44
 
101,011

 
103,610

 
DCENT
 
2008-A4 A4 5.65 12/15
 
150,000

 
153,642

 
DCENT
 
2010-A1 A1 1ML+65 9/15
 
2,000,000

 
2,002,178

 
DCENT
 
2012-A1 A1 0.81% 8/17
 
2,744,000

 
2,764,802

 
DCENT
 
2012-A3 A 0.86% 11/15/17
 
1,720,000

 
1,731,265

 
DCENT
 
2012-A5 A5 1ML+20 1/18
 
2,900,000

 
2,902,069

 
DCP Midstream
 
9.75% 3/15/19 144
 
1,475,000

 
1,949,826

 
Deutsche Tel
 
2.25% 3/6/17 144A
 
1,545,000

 
1,583,872


22
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
Deutsche Tel Glb
 
5.25% 7/22/13
 
390,000

 
399,974

 
Deutsche Tel Mtn
 
4.875% 7/8/14
 
350,000

 
370,321

 
Devon Energy Co
 
3.25% 5/15/22
 
1,000,000

 
1,042,539

 
Diageo Cptl Glb
 
5.2% 1/30/13
 
1,289,000

 
1,293,741

 
Directv Hld Globl
 
4.75% 10/1/14
 
1,300,000

 
1,388,036

 
Directv Hldgs
 
3.5% 3/01/16
 
1,700,000

 
1,800,557

 
Directv Hldgs
 
3.8% 3/15/22
 
1,090,000

 
1,123,285

 
Directv Holdgs LLC
 
3.125% 2/16
 
1,400,000

 
1,465,775

 
Disney (Walt) Mtn
 
1.1% 12/1/17
 
381,000

 
381,654

 
Dominion Resour
 
2.25% 9/1/15
 
425,000

 
440,347

 
Dow Chemical
 
3% 11/15/22
 
1,425,000

 
1,420,139

 
Dr Pepper Snapp
 
2.9% 1/15/16
 
685,000

 
721,599

 
Duke Cap Corp
 
6.25% 2/15/13
 
1,000,000

 
1,006,344

 
Duke Cap Corp
 
5.5% 3/01/14
 
380,000

 
399,727

 
Duke Energy Car
 
5.75% 11/15/13
 
395,000

 
412,661

 
Duke Energy Car
 
1.75% 12/15/16
 
705,000

 
722,554

 
Duke Energy Cor
 
2.15% 11/15/16
 
75,000

 
77,119

 
Duke Energy Cor
 
1.625% 8/15/17
 
855,000

 
856,930

 
Dupont Ei Glbl
 
4/4/875
 
95,000

 
100,363

 
Dupont Mtn
 
4.125% 3/06/13
 
100,000

 
100,668

 
Ebay Inc
 
1.35% 7/15/17
 
390,000

 
394,403

 
Ecolab Inc
 
4.35% 12/8/21
 
770,000

 
858,559

 
Encana Hldgs
 
5.8% 5/1/14
 
430,000

 
457,085

 
Entergy La Llc
 
1.875% 12/15/14
 
603,000

 
616,095

 
Enterprise Produ
 
1.25% 8/13/15
 
330,000

 
332,001

 
Eog Resources In
 
6/10/125
 
75,000

 
78,119

 
Erac USA Fin Mtn
 
2.25% 1/14 144A
 
1,750,000

 
1,767,831

 
Erac USA Llc
 
3.3% 10/22 144A
 
745,000

 
753,396

 
Erp Operat Lp
 
4.625% 12/15/21
 
82,000

 
92,272

 
Export Dev Can Glb
 
3.5% 5/16/13
 
1,000,000

 
1,012,128

 
Export Dev Canada
 
1.5% 5/15/14
 
290,000

 
294,846

 
Fed Realty Tr
 
5.4% 12/01/13
 
220,000

 
229,023

 
FHLB
 
1.875% 6/21/13
 
8,635,000

 
8,705,712

 
FHLG
 
6.50% 5/33 #N50075
 
106,167

 
118,834

 
FHLG
 
15YR 5.00% 1/20 #M30030
 
48,081

 
51,047

 
FHLG
 
15YR 5.00% 11/17 #M30281
 
95,683

 
101,585

 
FHLG
 
15YR 6.00% 1/18 #M50041
 
50,005

 
52,371

 
FHLG
 
6.00% 8/26 #G00587
 
74,423

 
81,415

 
FHLG
 
8.50% 7/28 #G00981
 
199,728

 
238,219

 
FHLG
 
5.50% 3/34 #G01665
 
302,629

 
330,930


23
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
FHLG
 
15YR 5.0% 4/20 #G11682
 
1,169,579

 
1,266,478

 
FHLG
 
15YR 5.50% 2/20 #G11728
 
3,268,148

 
3,515,047

 
FHLG
 
15YR 6.50% 4/18 #G11452
 
133,062

 
143,390

 
FHLG
 
15YR 4.50% 1/19 #G11565
 
133,220

 
141,786

 
FHLG
 
10.00% 10/30 #G20027
 
633,328

 
735,966

 
FHLG
 
15YR 5.00% 5/18 #P10034
 
250,822

 
260,792

 
FHLG
 
15YR 6.50% 7/14 #P60031
 
182,288

 
186,739

 
FHLG
 
15YR 7.00% 12/14 #P60089
 
5,653

 
5,873

 
FHLG
 
15YR 7.00% 3/16 #P60090
 
5,676

 
5,982

 
FHLG
 
6.50% 8/22 #O20119
 
162,168

 
181,369

 
FHLG
 
5.50% 5/27 #O20133
 
62,234

 
67,036

 
FHLG
 
20YR 5.50% 9/27 #G30345
 
154,687

 
166,929

 
FHLG
 
20YR 6.00% 9/27 #G30357
 
548,766

 
613,215

 
FHLG
 
20YR 5.50% 7/28 #G30564
 
1,362,092

 
1,469,889

 
FHLG
 
6.50% 5/22 #D95395
 
111,680

 
125,258

 
FHLG
 
6.00% 11/21 #D94929
 
106,963

 
118,396

 
FHLG
 
15YR 6.50% 4/16 #E83211
 
6,694

 
7,164

 
FHLG
 
15YR 6.00% 4/17 #E89007
 
187,550

 
202,161

 
FHLG
 
15YR 6.50% 6/17 #E90325
 
80,124

 
87,256

 
FHLG
 
15YR 6.00% 7/17 #E90474
 
164,518

 
178,175

 
FHLG
 
15YR 5.00% 12/17 #E93561
 
135,392

 
145,097

 
FHLG
 
15YR 4.00% 6/18 #E96973
 
209,160

 
221,538

 
FHLG
 
15YR 4.50% 8/18 #E98688
 
549,859

 
585,213

 
FHLG
 
15YR 4.50% 10/18 #E99833
 
551,667

 
587,137

 
FHLG
 
15YR 4.50% 9/18 #E99205
 
404,938

 
430,975

 
FHLG
 
15YR 5.00% 10/18 #E99955
 
78,755

 
84,407

 
FHLG
 
4.50% 6/23 #A45156
 
847,595

 
910,105

 
FHLG
 
6.00% 9/37 #G03282
 
767,909

 
835,161

 
FHLG
 
5.50% 12/37 #G03696
 
1,284,611

 
1,386,275

 
FHLG
 
6.00% 1/38 #G03781
 
1,622,059

 
1,763,103

 
FHLG
 
5.50% 12/37 #G03865
 
632,515

 
682,573

 
FHLG
 
5.50% 7/39 #G05546
 
1,162,933

 
1,254,968

 
FHLG
 
25YR 5.50% 7/35 #G05815
 
203,846

 
223,036

 
FHLG
 
15YR 5.00% 10/23 #G13276
 
781,198

 
837,927

 
FHLG
 
15YR 5.00% 12/18 #G13293
 
217,412

 
232,996

 
FHLG
 
15YR 6.00% 11/23 #G13368
 
280,492

 
313,367

 
FHLG
 
15YR 6.50% 7/21 #G12934
 
145,523

 
159,052

 
FHLG
 
15YR 5.00% 3/19 #G13052
 
752,653

 
807,416

 
FHLG
 
5.50% 1/24 #G13432
 
1,113,392

 
1,188,851

 
FHLG
 
15YR 5.50% 12/21 #G13481
 
664,178

 
711,683


24
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
FHLG
 
15YR 4.00% 7/24 #G13596
 
553,953

 
588,813

 
FHLG
 
15YR 5.00% 4/20 #G13598
 
764,142

 
821,167

 
FHLG
 
15YR 6.00% 1/24 #G13647
 
1,121,882

 
1,254,151

 
FHLG
 
15YR 6.00% 1/24 #G13982
 
1,000,129

 
1,117,887

 
FHLG
 
15YR 5.50% 12/24 #G14015
 
6,425,321

 
6,872,834

 
FHLG
 
15YR 3.50% 1/26 #G14312
 
297,083

 
317,124

 
FHLG
 
15YR 4.00% 9/25 #G14376
 
440,979

 
468,729

 
FHLG
 
15YR 3.50% 4/27 #G14449
 
833,870

 
892,469

 
FHLG
 
15YR 3.50% 10/26 #G14450
 
3,592,825

 
3,821,727

 
FHLG
 
15YR 4.00% 6/24 #G18312
 
654,552

 
695,743

 
FHLG
 
6.50% 10/26 #C90995
 
378,831

 
418,963

 
FHLG
 
6.50% 8/26 #C90985
 
78,225

 
86,512

 
FHLG
 
15YR 6.00% 4/20 #J02203
 
109,250

 
120,180

 
FHLG
 
15YR 6.50% 1/20 #J02204
 
98,758

 
108,992

 
FHLG
 
15YR 4.50% 9/24 #J10826
 
793,552

 
854,494

 
FHLG
 
10YR 3.00% 8/21 #J16393
 
378,291

 
397,073

 
FHLG
 
10YR 3.00% 8/21 #J16442
 
369,228

 
387,559

 
FHLG
 
6.50% 9/37 #H09069
 
148,797

 
162,607

 
FHLG
 
4.00% 12/40 #C03565
 
255,398

 
272,348

 
FHLG
 
6.00% 8/28 #C13910
 
61,998

 
68,238

 
FHLG
 
4.00% 4/39 #A85531
 
323,812

 
345,302

 
FHLG
 
4.00% 1/41 #A96478
 
935,591

 
997,683

 
FHLG
 
15YR 6.00% 10/16 #E01054
 
93,240

 
99,900

 
FHLG
 
15YR 5.50% 3/17 #E01136
 
33,674

 
35,819

 
FHLG
 
15YR 5.00% 12/17 #E01280
 
87,345

 
93,606

 
FHLG
 
15YR 6.50% 10/17 #E01254
 
22,486

 
24,487

 
FHLG
 
15YR 5.50% 11/18 #E01497
 
239,697

 
256,469

 
FHLG
 
15YR 4.00% 9/25 #E02787
 
442,252

 
478,789

 
FHLG
 
15YR 4.00% 4/26 #E02867
 
234,453

 
252,943

 
FHLG
 
15YR 4.50% 11/18 #B10931
 
339,761

 
361,650

 
FHLG
 
15YR 5.50% 11/18 #B10916
 
410,938

 
439,391

 
FHLG
 
15YR 4.50% 10/18 #B12459
 
92,455

 
98,399

 
FHLG
 
15YR 4.50% 4/19 #B13051
 
84,610

 
90,266

 
FHLG
 
15YR 4.50% 6/19 #B14961
 
199,698

 
213,663

 
FHLG
 
5.50% 9/33 #A13845
 
129,837

 
142,060

 
FHLG
 
6.50% 4/34 #A21170
 
226,071

 
256,095

 
FHLG
 
15YR 2.50% 11/22 #J21160
 
9,962,674

 
10,409,582

 
FHLG
 
6.50% 9/23 #Z40030
 
5,482,965

 
6,116,057

 
FHLG
 
6.50% 5/24 #Z40034
 
6,034,892

 
6,738,584

 
FHLG
 
5.50% 5/34 #Z40042
 
2,163,871

 
2,372,313


25
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
FHLG
 
6.50% 8/21 #C90473
 
622,959

 
694,131

 
FHLG
 
20YR 6.00% 2/22 #C90523
 
223,678

 
247,667

 
FHLG
 
20YR 6.00% 7/22 #C90562
 
180,223

 
200,392

 
FHLM ARM
 
2.98% 8/41 #1B8533
 
271,248

 
283,984

 
FHLM ARM
 
3.07% 9/41 #1B8608
 
161,414

 
169,229

 
FHLMC
 
5% 7/15/14
 
6,900,000

 
7,401,775

 
FHLMC
 
1.75% 9/10/15
 
1,630,000

 
1,688,777

 
FHLMC
 
0.75% 11/25/14
 
8,217,000

 
8,289,247

 
FHLMC
 
1.25% 08/01/19
 
4,800,000

 
4,798,390

 
FHLMC
 
1% 9/29/17
 
17,137,000

 
17,294,803

 
FHLMC
 
1.25% 10/02/19
 
1,065,000

 
1,060,177

 
FHLMC
 
.75% 1/12/18
 
3,580,000

 
3,550,542

 
FHR
 
192 I 9% 2/22
 
197,952

 
231,189

 
FHR
 
2344 ZJ 6.5 8/31
 
16,810

 
19,177

 
FHR
 
2420 MZ 6.5% 2/32
 
1,177,273

 
1,341,798

 
FHR
 
2399 OH 6.5 1/32
 
130,321

 
147,978

 
FHR
 
2425 OB 6 3/17
 
65,982

 
70,896

 
FHR
 
1584 L 6.5 9/23
 
192,476

 
215,944

 
FHR
 
1577 PK 6.5 9/23
 
77,752

 
86,902

 
FHR
 
June 5, 1617
 
153,040

 
171,979

 
FHR
 
1668 D 6.5 2/14
 
24,384

 
24,902

 
FHR
 
1837 Z 6.5 4/26
 
117,100

 
131,346

 
FHR
 
1835 D 6 4/26
 
133,844

 
149,275

 
FHR
 
2068 B 10% 11/22
 
29,481

 
34,092

 
FHR
 
2075 PH 6.5 8/28
 
107,896

 
123,324

 
FHR
 
2102 TC 6 12/13
 
38,834

 
39,540

 
FHR
 
2208 PG 7% 1/30
 
187,945

 
215,652

 
FHR
 
2262 Z 7.5% 10/30
 
85,461

 
100,350

 
FHR
 
2363 PF 6% 9/16
 
52,902

 
56,218

 
FHR
 
2356 GD 6% 9/16
 
41,678

 
44,580

 
FHR
 
2355 BP 6 9/16
 
56,378

 
60,200

 
FHR
 
3728 EA 3.5% 9/20
 
2,642,910

 
2,696,445

 
FHR
 
3763 QA 4% 4/34
 
403,025

 
433,127

 
FHR
 
3820 DA 4% 11/35
 
352,337

 
386,704

 
FHR
 
3943 EF 1ML+25 2/26
 
477,367

 
478,246

 
FHR
 
2012-4049 CA 3% 05/27
 
2,905,755

 
2,997,806

 
FHR
 
4046 LA 3% 11/2026
 
1,914,353

 
2,032,606

 
FHR
 
2474 NR 6.5 7/32
 
99,884

 
113,839

 
FHR
 
2484 LZ 6.5 7/32
 
181,289

 
206,816

 
FHR
 
2475 FB 1ML+100 2/32
 
768,553

 
784,668


26
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
FHR
 
2481 FB 1ML+100 2/32
 
773,456

 
789,673

 
FHR
 
2527 TB 6% 11/32
 
47,328

 
53,686

 
FHR
 
2543 QT 5.5 4/22
 
8,443

 
8,481

 
FHR
 
2558 BD 5% 1/18
 
2,721,692

 
2,893,172

 
FHR
 
2590 BY 5% 3/18
 
3,275,133

 
3,484,763

 
FHR
 
2619 HR 3.5% 11/31
 
15,559

 
15,671

 
FHR
 
2628 QM 4.5% 11/31
 
2,830,096

 
2,883,185

 
FHR
 
2650 QN 4.5 1/33
 
172,231

 
182,251

 
FHR
 
2662 DG 5% 10/22
 
561,650

 
579,672

 
FHR
 
2672 NH 0 9/18
 
487,521

 
513,401

 
FHR
 
2708 DG 5.5% 7/32
 
8,941

 
9,017

 
FHR
 
2780 JG 4.5 4/19
 
31,843

 
32,606

 
FHR
 
2810 PD 6% 6/33
 
150,318

 
155,981

 
FHR
 
2836 PX 4% 5/18
 
528,257

 
539,111

 
FHR
 
2872 JG 4.5% 10/19
 
1,100,000

 
1,180,534

 
FHR
 
2866 XE 4% 12/18
 
1,033,295

 
1,065,497

 
FHR
 
2941 AJ 4.5 3/35
 
64,957

 
65,437

 
FHR
 
2971 KT 5.5% 5/33
 
1,469,876

 
1,509,513

 
FHR
 
3013 VJ 5% 1/14
 
174,426

 
178,140

 
FHR
 
3047 OB 5.5% 12/33
 
54,221

 
56,198

 
FHR
 
3086 PC 5.5% 5/32
 
834,379

 
852,474

 
FHR
 
3117 JF 1ML+30 2/36
 
333,116

 
333,847

 
FHR
 
3397 FC .8613% 12/37
 
5,235,107

 
5,283,485

 
FHR
 
3564 JA 4 1/18
 
458,427

 
480,160

 
FHR
 
3560 LA 2% 8/14
 
68,065

 
68,107

 
FHR
 
3573 LC 1.85% 8/14
 
236,337

 
237,625

 
FHR
 
3741 HD 3% 11/15/39
 
313,424

 
328,628

 
FHR
 
3636 KE 5% 12/36
 
326,051

 
334,588

 
FICO
 
5/11/2018
 
1,300,000

 
1,218,187

 
Fifth Third Ban
 
3.625% 1/25/16
 
1,150,000

 
1,228,402

 
Fiserv Inc Mtn
 
3.125% 10/01/15
 
1,700,000

 
1,782,229

 
FNBR
 
2007-B1 VA 5.5% 4/17
 
244,590

 
256,135

 
FNMA
 
6/1/2017
 
8,440,000

 
8,089,065

 
FNMA
 
4.625% 10/15/13
 
4,460,000

 
4,616,015

 
FNMA
 
0.75% 12/19/14
 
625,000

 
630,355

 
FNMA
 
0.5% 5/27/15
 
6,265,000

 
6,284,890

 
FNMA
 
0.5% 7/02/15
 
4,518,000

 
4,531,523

 
FNMA
 
0.875% 8/28/17
 
9,270,000

 
9,296,744

 
FNMA
 
.5% 9/28/15
 
30,076,000

 
30,153,233

 
FNMA
 
0.875% 12/20/17
 
1,622,000

 
1,622,901


27
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
FNMA
 
15YR 6.50% 1/14 #100283
 
17,319

 
17,658

 
FNMA
 
20YR 6.50% 7/18 #251825
 
116,935

 
129,798

 
FNMA
 
20YR 6.50% 11/18 #252104
 
112,591

 
124,976

 
FNMA
 
15YR 6.00% 11/13 #252165
 
30,599

 
31,145

 
FNMA
 
20YR 6.50% 3/19 #252348
 
81,473

 
90,435

 
FNMA
 
15YR 5.50% 4/18 #254686
 
258,971

 
277,817

 
FNMA
 
20YR 5.00% 5/23 #254762
 
4,606,610

 
4,996,012

 
FNMA
 
20YR 5.50% 6/23 #254764
 
360,164

 
392,606

 
FNMA
 
5.50% 6/33 #254767
 
2,482,213

 
2,719,187

 
FNMA
 
20YR 6.00% 9/21 #253999
 
69,600

 
76,673

 
FNMA
 
6.50% 10/21 #254044
 
10,861

 
12,125

 
FNMA
 
20YR 6.50% 5/22 #254305
 
100,476

 
112,624

 
FNMA
 
15YR 7.00% 5/17 #254353
 
20,771

 
22,499

 
FNMA
 
20YR 6.00% 11/22 #254544
 
95,471

 
106,425

 
FNMA
 
20YR 5.50% 1/23 #254589
 
340,350

 
370,274

 
FNMA
 
20YR 5.00% 3/25 #255667
 
1,631,917

 
1,771,394

 
FNMA
 
20YR 5.50% 9/23 #254916
 
4,687,413

 
5,107,450

 
FNMA
 
15YR 4.00% 9/18 #254919
 
159,962

 
171,135

 
FNMA
 
15YR 4.50% 11/18 #254952
 
1,820,576

 
1,957,403

 
FNMA
 
15YR 4.50% 12/18 #255031
 
1,801,088

 
1,936,451

 
FNMA
 
5.00% 8/25 #255810
 
1,705,654

 
1,851,434

 
FNMA
 
6.00% 7/27 #256803
 
760,687

 
849,334

 
FNMA
 
6.00% 9/37 #256890
 
396,491

 
429,650

 
FNMA
 
20YR 6.00% 10/27 #256928
 
558,915

 
624,496

 
FNMA
 
20YR 6.00% 1/28 #257048
 
392,930

 
439,260

 
FNMA
 
6.00% 2/28 #257076
 
395,529

 
442,166

 
FNMA
 
5.50% 11/34 #310105
 
1,611,949

 
1,766,848

 
FNMA
 
15YR 6.50% 6/14 #323794
 
17,810

 
18,245

 
FNMA
 
15YR 6.00% 1/13 #416704
 
3,800

 
3,798

 
FNMA
 
15YR 6.50% 5/13 #420033
 
5,178

 
5,220

 
FNMA
 
15YR 6.00% 11/13 #445344
 
50,088

 
50,982

 
FNMA
 
15YR 6.00% 11/13 #449782
 
40,951

 
41,759

 
FNMA
 
20YR 6.00% 12/18 #456110
 
241,637

 
263,507

 
FNMA
 
7-YR 3.18% 12/17 #466897
 
1,000,000

 
1,088,499

 
FNMA
 
7-YR 2.24% 8/19 #471863
 
994,223

 
1,030,633

 
FNMA
 
15YR 6.50% 8/14 #506702
 
131,159

 
135,698

 
FNMA
 
15YR 6.50% 12/14 #535063
 
66,054

 
68,341

 
FNMA
 
15YR 8.00% 9/15 #535460
 
28,802

 
30,464

 
FNMA
 
6.50% 2/20 #535834
 
148,178

 
164,478

 
FNMA
 
20YR 6.50% 12/21 #545419
 
3,831

 
4,276


28
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
FNMA
 
6.50% 7/32 #545759
 
64,130

 
72,565

 
FNMA
 
6.50% 7/32 #545762
 
32,169

 
36,400

 
FNMA
 
15YR 6.00% 3/18 #555390
 
49,885

 
54,011

 
FNMA
 
15YR 6.50% 6/15 #555720
 
5,084

 
5,208

 
FNMA
 
15YR 6.00% 6/16 #583745
 
13,338

 
14,195

 
FNMA
 
15YR 5.50% 12/16 #611007
 
18,869

 
20,242

 
FNMA
 
15YR 5.50% 10/16 #612660
 
56,322

 
60,421

 
FNMA
 
15YR 6.50% 3/17 #627139
 
24,807

 
26,728

 
FNMA
 
15YR 5.50% 2/17 #634197
 
258,118

 
276,902

 
FNMA
 
15YR 7.00% 3/17 #636917
 
26,872

 
29,175

 
FNMA
 
15YR 5.50% 3/17 #638411
 
20,876

 
22,395

 
FNMA
 
15YR 7.00% 5/17 #638774
 
83,352

 
90,719

 
FNMA
 
20YR 4.50% 5/26 #AH0473
 
328,416

 
354,984

 
FNMA
 
4.00% 11/41 #TBA
 
1,000,000

 
1,072,300

 
FNMA
 
6.00% 12/32 #AL0045
 
535,453

 
592,130

 
FNMA
 
15YR 5.50% 9/23 #AL0229
 
1,092,038

 
1,181,406

 
FNMA
 
15YR 5.50% 5/21 #AL0230
 
1,226,014

 
1,315,235

 
FNMA
 
5.50% 1/38 #AL0662
 
953,231

 
1,042,745

 
FNMA
 
15YR 3.50% 5/27 #AL1741
 
804,265

 
864,396

 
FNMA
 
15YR 3.50% 5/27 #AL1742
 
598,235

 
639,971

 
FNMA
 
15YR 3.50% 3/27 #AL1746
 
1,282,396

 
1,384,286

 
FNMA
 
15YR 3.50% 5/27 #AL1751
 
297,939

 
320,215

 
FNMA
 
15YR 3.50% 1/26 #AL1168
 
319,057

 
343,510

 
FNMA
 
20YR 6.00% #AL1318
 
1,472,350

 
1,642,092

 
FNMA
 
15YR 6.00% 5/17 #644987
 
60,724

 
65,441

 
FNMA
 
6.00% 9/19 #660716
 
135,024

 
142,340

 
FNMA
 
6.00% 4/25 #660719
 
171,840

 
186,012

 
FNMA
 
15YR 5.50% 9/17 #665775
 
45,352

 
48,653

 
FNMA
 
15YR 5.00% 3/18 #667792
 
106,147

 
114,879

 
FNMA
 
15YR 7.00% 7/17 #667070
 
126,654

 
138,675

 
FNMA
 
15YR 6.00% 11/17 #668811
 
23,172

 
25,090

 
FNMA
 
15YR 5.50% 11/17 #670452
 
167,234

 
179,404

 
FNMA
 
15YR 5.50% 1/18 #680143
 
22,548

 
24,189

 
FNMA
 
15YR 5.50% 2/18 #681383
 
194,903

 
209,087

 
FNMA
 
1% 9/23/13
 
6,025,000

 
6,059,897

 
FNMA
 
1.625% 10/26/15
 
5,915,000

 
6,115,388

 
FNMA
 
15YR 4.00% 7/18 #682424
 
66,693

 
71,351

 
FNMA
 
15YR 4.00% 9/18 #682450
 
34,432

 
36,837

 
FNMA
 
8.00% 6/27 #695533
 
16,695

 
19,709

 
FNMA
 
6.00% 3/33 #695584
 
17,615

 
19,542


29
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
FNMA
 
15YR 4.50% 5/18 #697602
 
151,554

 
162,944

 
FNMA
 
15YR 3.50% 4/19 #698023
 
116,881

 
123,939

 
FNMA
 
15YR 4.50% 5/18 #707297
 
437,177

 
470,034

 
FNMA
 
15YR 5.00% 5/18 #707298
 
859,731

 
930,458

 
FNMA
 
15YR 4.00% 6/18 #708802
 
119,079

 
127,395

 
FNMA
 
15YR 5.00% 6/18 #709848
 
159,077

 
172,163

 
FNMA
 
15YR 5.00% 6/18 #709877
 
107,726

 
116,588

 
FNMA
 
15YR 4.50% 6/18 #710238
 
80,911

 
86,992

 
FNMA
 
15YR 4.50% 7/18 #720393
 
160,780

 
172,864

 
FNMA
 
15YR 4.50% 5/19 #725445
 
68,408

 
73,549

 
FNMA
 
15YR 4.50% 4/19 #725352
 
519,794

 
558,860

 
FNMA
 
15YR 5.50% 4/19 #725528
 
155,084

 
166,370

 
FNMA
 
7.00% 11/32 #725502
 
68,316

 
78,422

 
FNMA
 
15YR 5.50% 9/19 #725793
 
30,807

 
33,049

 
FNMA
 
15YR 5.50% 9/19 #725796
 
39,483

 
42,467

 
FNMA
 
15YR 4.00% 7/18 #726128
 
72,760

 
77,842

 
FNMA
 
15YR 4.50% 8/18 #727466
 
111,307

 
119,672

 
FNMA
 
15YR 4.00% 8/18 #728852
 
17,903

 
19,153

 
FNMA
 
15YR 4.50% 8/18 #733772
 
290,120

 
311,925

 
FNMA
 
15YR 4.50% 12/19 #735290
 
107,315

 
115,380

 
FNMA
 
10YR 4.50% 11/14 #735023
 
28,277

 
30,402

 
FNMA
 
6.50% 11/22 #735137
 
296,454

 
329,064

 
FNMA
 
6.50% 12/32 #735415
 
32,218

 
36,452

 
FNMA
 
15YR 5.50% 3/20 #735521
 
58,856

 
63,139

 
FNMA
 
15YR 4.00% 12/18 #735522
 
545,149

 
583,224

 
FNMA
 
15YR 4.50% 10/20 #735926
 
22,635

 
24,353

 
FNMA
 
15YR 5.00% 11/18 #740462
 
75,817

 
82,054

 
FNMA
 
15YR 4.50% 3/19 #742078
 
247,456

 
266,054

 
FNMA
 
15YR 4.50% 6/19 #745278
 
267,019

 
287,087

 
FNMA
 
6.50% 7/35 #745092
 
32,797

 
37,104

 
FNMA
 
20YR 6.00% 4/24 #745407
 
206,147

 
230,008

 
FNMA
 
15YR 5.00% 11/18 #749596
 
249,655

 
270,193

 
FNMA
 
6.00% 9/33 #752786
 
39,207

 
44,218

 
FNMA
 
15YR 4.50% 3/19 #758528
 
208,929

 
224,631

 
FNMA
 
15YR 5.00% 4/19 #761326
 
182,611

 
197,633

 
FNMA
 
15YR 4.00% 6/19 #773153
 
160,785

 
172,014

 
FNMA
 
15YR 4.00% 7/19 #773445
 
383,689

 
410,488

 
FNMA
 
15YR 4.00% 3/19 #773886
 
242,176

 
259,091

 
FNMA
 
15YR 4.50% 4/19 #774267
 
79,837

 
85,837

 
FNMA
 
15YR 4.50% 4/19 #775768
 
172,237

 
185,181


30
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
FNMA
 
15YR 4.50% 5/19 #780233
 
525,277

 
564,755

 
FNMA
 
15YR 4.50% 7/19 #788390
 
16,955

 
18,230

 
FNMA
 
15YR 5.50% 10/19 #795064
 
38,915

 
41,956

 
FNMA
 
15YR 4.50% 10/19 #796680
 
476,399

 
512,204

 
FNMA
 
15YR 5.00% 12/19 #803919
 
314,731

 
340,623

 
FNMA
 
15YR 4.50% 2/20 #809744
 
12,505

 
13,445

 
FNMA
 
15YR 4.50% 11/20 #813915
 
23,423

 
25,213

 
FNMA
 
15YR 4.50% 10/20 #836381
 
60,796

 
65,441

 
FNMA
 
15YR 7.00% 9/19 #842257
 
240,851

 
279,890

 
FNMA
 
15YR 4.50% 7/21 #845515
 
13,741

 
14,800

 
FNMA
 
15YR 4.50% 1/21 #852735
 
2,410

 
2,594

 
FNMA
 
6.50% 5/36 #884018
 
256,047

 
285,206

 
FNMA
 
20YRS 6.00% 4/27 #888281
 
4,270,946

 
4,761,738

 
FNMA
 
7.00% 4/37 #888366
 
317,744

 
363,675

 
FNMA
 
6.50% 8/36 #888034
 
46,092

 
52,145

 
FNMA
 
15YR 5.00% 12/21 #888436
 
920,781

 
996,540

 
FNMA
 
4.50% 6/37 #888485
 
533,286

 
575,511

 
FNMA
 
6.50% 8/36 #888544
 
176,386

 
199,685

 
FNMA
 
15YR 4.50% 7/20 #888653
 
124,373

 
133,720

 
FNMA
 
15YR 5.00% 12/18 #888681
 
668,678

 
723,687

 
FNMA
 
15YR 4.50% 12/18 #888889
 
772,929

 
831,019

 
FNMA
 
7.50% 11/37 #888892
 
557,410

 
653,119

 
FNMA
 
15YR 6.50% 1/23 #889111
 
748,549

 
829,239

 
FNMA
 
5.50% 3/37 #889139
 
568,035

 
616,229

 
FNMA
 
15YR 4.50% 3/21 #890081
 
929,302

 
999,144

 
FNMA
 
15YR 4.50% 11/19 #889395
 
8,675

 
9,327

 
FNMA
 
15YR 6.00% 2/23 #889634
 
1,230,954

 
1,378,341

 
FNMA
 
5.50% 2/37 #904918
 
404,099

 
435,607

 
FNMA
 
7.00% 12/36 #907742
 
78,652

 
88,349

 
FNMA
 
4.50% 8/20 #923799
 
178,182

 
187,247

 
FNMA
 
20 YR 5.50% 1/24 #925847
 
883,804

 
961,768

 
FNMA
 
20YR 6% 11/27#928866
 
921,020

 
1,029,658

 
FNMA
 
15YR 4.50% 7/21 #932885
 
785,721

 
844,863

 
FNMA
 
15YR 6.00% 6/22 #944357
 
401,093

 
448,926

 
FNMA
 
20YR 5.50% 7/27 #986156
 
735,881

 
804,558

 
FNMA
 
7.50% 11/38 #995504
 
399,465

 
465,199

 
FNMA
 
5.50% 2/38 #995049
 
588,062

 
641,263

 
FNMA
 
15YR 4.50% 12/20 #995320
 
2,296,898

 
2,469,524

 
FNMA
 
15YR 5.00% 12/20 #995324
 
1,441,534

 
1,564,692

 
FNMA
 
15YR 6.00% 1/24 #995425
 
727,399

 
813,926


31
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
FNMA
 
15YR 4.50% 12/20 #995465
 
372,601

 
401,070

 
FNMA
 
15YR 6.50% 2/24 #995658
 
183,555

 
204,210

 
FNMA
 
8.00% 11/37 #995783
 
94,692

 
108,548

 
FNMA
 
20 YR 5.00% 1/25 #995884
 
3,966,976

 
4,304,788

 
FNMA
 
20YR 5.00% 12/29 #MA0268
 
355,583

 
387,418

 
FNMA
 
10YR 2.50% 9/22 #MA1168
 
9,930,434

 
10,394,904

 
FNMA
 
20YR 5.% 8/26 #AD0787
 
11,746,480

 
12,746,765

 
FNMA
 
10YR 6.50% 12/37 #AD0070
 
590,142

 
647,681

 
FNMA
 
5.50% 9/38 #AD0198
 
686,216

 
748,297

 
FNMA
 
15YR 5.00% 9/22 #AD0285
 
1,017,352

 
1,105,178

 
FNMA
 
6.50% 9/28 #AD0329
 
368,504

 
409,270

 
FNMA
 
6.50% 12/35 #AD0723
 
186,202

 
210,625

 
FNMA
 
20YR 5.50% 4/29 #AD0912
 
645,650

 
701,237

 
FNMA
 
15YR 5.50% 3/24 #AE0467
 
281,593

 
303,229

 
FNMA
 
15YR 6.00% 3/24 #AE0745
 
527,883

 
591,087

 
FNMA
 
6.50% 8/36 #AE0746
 
147,975

 
167,498

 
FNMA
 
15YR 4.00% 7/19 #AE0968
 
1,487,316

 
1,591,195

 
FNMA
 
3.50% 12/42 #TBA
 
(1,000,000
)
 
(1,066,953
)
 
FNMA Arm
 
2.69% 9/41 #AH5260
 
414,403

 
433,707

 
FNMA Arm
 
3.01% 8/41 #AI4358
 
128,246

 
133,727

 
FNMA Arm
 
3.37% 9/41 #AI8935
 
141,014

 
148,772

 
FNR
 
1992-205 Z 7 11/22
 
186,827

 
211,028

 
FNR
 
G93-3 K 7% 2/23
 
70,837

 
81,113

 
FNR
 
1993-250 Z 7 12/23
 
248,164

 
258,989

 
FNR
 
1994-40 Z 6.5 3/24
 
398,218

 
444,201

 
FNR
 
1997-46 PL 6% 7/27
 
542,840

 
614,193

 
FNR
 
2001-7 PF 7% 3/31
 
10,234

 
11,777

 
FNR
 
99-8 QD 6% 3/14
 
35,736

 
36,519

 
FNR
 
2011-88 AB 2.5% 9/26
 
334,108

 
344,337

 
FNR
 
2012-15 FP 1ML+38 6/40
 
791,252

 
794,511

 
FNR
 
2012-94 E 3% 6/22
 
1,096,596

 
1,151,733

 
FNR
 
2001-44 PD 7% 9/31
 
27,213

 
31,353

 
FNR
 
2001-71 MB 6 12/16
 
127,658

 
135,892

 
FNR
 
02-58 HC 5.5% 9/17
 
116,447

 
122,973

 
FNR
 
2002-56 MC 5.5% 9/17
 
39,281

 
41,551

 
FNR
 
2003-32 UN 4% 1/33
 
5,073,506

 
5,237,520

 
FNR
 
03-66 PA 3.5 2/33
 
1,265,678

 
1,320,033

 
FNR
 
2003-68 QP 3 7/22
 
10,122

 
10,172

 
FNR
 
2003-57 NK 5 6/18
 
45,919

 
49,205

 
FNR
 
2003-80 VC 5 4/16
 
235,832

 
239,286


32
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
FNR
 
2003-74 PG 4.5% 8/18
 
215,052

 
229,205

 
FNR
 
2004-2 QL 4% 2/19
 
2,255,000

 
2,391,570

 
FNR
 
2004-23 VB 4.5% 5/27
 
6,111,907

 
6,181,587

 
FNR
 
04-33 MW 4.5% 1/30
 
121,369

 
124,980

 
FNR
 
2004-70 JA 4.5 10/19
 
22,393

 
22,787

 
FNR
 
2004-82 HJ 5.5% 9/32
 
1,787,894

 
1,860,812

 
FNR
 
2004-89 DF 1ML+25 4/23
 
382,485

 
382,549

 
FNR
 
2004-95 AN 5.5% 1/25
 
185,006

 
192,601

 
FNR
 
2004-91 AR 5.50% 4/33
 
4,579,668

 
5,044,787

 
FNR
 
2005-21 BK 4.75% 7/23
 
384,997

 
387,521

 
FNR
 
2005-90 FC 1ML+25 10/35
 
288,464

 
288,705

 
FNR
 
2005-106 UF 1ML+30 11/35
 
280,791

 
281,544

 
FNR
 
2005-110 GJ 5.5 11/30
 
185,688

 
189,100

 
FNR
 
2006-46 PE 5.5% 11/32
 
313,837

 
315,521

 
FNR
 
2006-41 MC 5.5% 7/35
 
431,189

 
457,242

 
FNR
 
2006-90 BE 6% 4/35
 
1,000,000

 
1,078,092

 
FNR
 
2006-109 HA 4.5% 5/24
 
89,903

 
89,855

 
FNR
 
2006-113 NC 5.5% 3/33
 
979,181

 
996,828

 
FNR
 
2007-109 VA 5% 11/18
 
602,017

 
647,023

 
FNR
 
2007-114 A6 1ML+20 10/37
 
800,000

 
795,783

 
FNR
 
2007-77 MH 6 12/36
 
821,631

 
867,037

 
FNR
 
2008-29 BG 4.7% 12/35
 
193,344

 
204,872

 
FNR
 
2008-29 CA 4.5% 9/35
 
4,678,107

 
4,898,942

 
FNR
 
2009-10 AB 3/24
 
210,758

 
225,416

 
FNR
 
2011-5 PA 4% 10/25
 
151,480

 
154,462

 
FNR
 
2011-23 AB 2.75% 6/25/20
 
244,380

 
252,728

 
FNR
 
2011-40 DK 4% 11/25/37
 
4,672,258

 
4,793,353

 
FNR
 
2010-12 AY 4% 10/23
 
819,256

 
837,182

 
FNR
 
2010-123 DL 3.5% 11/25
 
307,107

 
321,679

 
FNR
 
2010-135 DE 2.25% 4/24
 
409,941

 
416,978

 
FNR
 
2010-143 B 3.5% 12/25
 
476,378

 
503,467

 
FNW
 
2003-W4 2A 6.5% 10/42
 
25,840

 
30,076

 
FNW
 
2004-W1 1A6 5.04% 11/43
 
782,456

 
824,069

 
Ford
 
2 11-B ABS 1.05% 10/15/14
 
700,000

 
703,466

 
Ford Mtr Cr Llc
 
4.25% 9/20/22
 
1,475,000

 
1,557,902

 
Fordl
 
2011-A A3 1% 7/14
 
790,000

 
791,604

 
Fordl
 
2012-A A3 0.85% 1/15
 
280,000

 
281,238

 
Fordl
 
2012-B A2 0.54% 11/14
 
200,000

 
200,114

 
Fordl
 
2012-B A3 0.57% 9/15
 
490,000

 
490,399

 
Fordo
 
2011-B A3 .84% 6/15
 
1,943,278

 
1,948,254


33
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
Fordo
 
2012-B A3 0.72% 12/15/16
 
2,050,000

 
2,056,870

 
Fordo
 
2012-D A2 0.4% 9/15
 
305,000

 
304,948

 
Fordo
 
2012-D A3 0.51% 4/17
 
510,000

 
509,832

 
Fpl Group
 
7.875% 12/15
 
80,000

 
95,447

 
Fpl Group Captl
 
5.35% 6/15/13
 
100,000

 
102,054

 
France Telecom
 
2.125% 9/16/15
 
214,000

 
220,090

 
FSPC
 
T-5 A5 CSTR 6/28
 
531,312

 
539,288

 
FSPC
 
T-9 A5 7.05% 3/29
 
273,496

 
309,726

 
FSPC
 
T-54 2A 6% 2/43
 
127,421

 
145,590

 
FSPC
 
T-54 3A 7% 2/43
 
58,769

 
69,578

 
G2SF
 
12-149 LF 1ML+25 12/42
 
570,000

 
570,623

 
GCCFC
 
2007-GG9 A2 5.381% 3/39
 
200,007

 
206,404

 
GCCFC
 
2005-GG3 A3 4.569% 8/42
 
1,041,087

 
1,048,950

 
GCCFC
 
2005-GG3 A4 CSTR 8/42
 
3,495,000

 
3,725,171

 
GE Cap
 
5.3% 2/11/21
 
1,640,000

 
1,901,895

 
GE Cap Corp
 
2.25% 11/9/15
 
4,285,000

 
4,424,820

 
GE Cap Corp
 
2.9% 1/09/17
 
1,000,000

 
1,057,021

 
GE Cap Corp
 
3.15% 9/07/22
 
1,130,000

 
1,153,171

 
GE Cap Corp
 
1.6% 11/20/17
 
250,000

 
250,069

 
GE Cap Mtn
 
2.8% 1/08/13
 
485,000

 
485,138

 
Gecap
 
5.625% 5/01/18
 
1,000,000

 
1,187,088

 
Gecap Med
 
4.75% 9/15/14
 
520,000

 
555,147

 
Gecap Mtn
 
5.65% 6/09/14
 
650,000

 
694,537

 
GECMC
 
2006-C1 A4 CSTR 3/44
 
3,580,000

 
4,015,836

 
GE-CORP
 
.85% 10/09/15
 
1,015,000

 
1,018,495

 
GEMNT
 
2012-1 A 1.03% 1/18
 
830,000

 
838,513

 
GEMNT
 
2012-5 A 0.97% 6/15/18
 
2,600,000

 
2,623,742

 
Gen Elec Cap Crp
 
5.5% 6/4/14
 
4,300,000

 
4,590,289

 
Gen Elec Cap Mtn
 
5.4% 9/20/13
 
480,000

 
497,076

 
General Elec
 
2.95% 5/09/16
 
902,000

 
949,895

 
General Elec Cap
 
4.625% 1/7/21
 
390,000

 
441,956

 
General Elec Cap
 
4.65% 10/17/21
 
160,000

 
182,379

 
General Elec Cap
 
2.3% 4/27/17
 
1,330,000

 
1,378,598

 
General Elec Cap
 
1% 12/11/15
 
2,635,000

 
2,645,374

 
General Elec Mtn
 
3.35% 10/17/16
 
859,000

 
921,776

 
Gilead Sciences
 
3.05% 12/01/16
 
2,250,000

 
2,409,095

 
Glaxosmithkli Cap
 
2.85% 5/22
 
860,000

 
892,216

 
GMACC
 
2004-C2 A4 5.301% 8/38
 
420,000

 
445,397

 
GMACC
 
2003-C2 A2 CSTR 5/40
 
2,494,405

 
2,530,900

 
GNII II
 
6.50% 9/29 #002808
 
415,993

 
473,203


34
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
GNII II
 
5.50% 7/38 #004187
 
288,938

 
309,480

 
GNII II
 
6.00% 11/38 #004285
 
310,278

 
338,446

 
GNMA
 
15YR 6.50% 5/17 #569432
 
127,943

 
136,913

 
GNMA
 
20YR 6.50% 4/23 #593677
 
23,280

 
26,268

 
GNMA
 
7.00% 8/28 #416611
 
31,837

 
36,737

 
GNMA
 
7.00% 8/28 #458917
 
7,794

 
8,987

 
GNMA
 
7.00% 7/28 #462643
 
140,746

 
162,605

 
GNMA
 
7.00% 2/28 #462548
 
2,342

 
2,698

 
GNMA
 
7.00% 10/28 #481353
 
119,834

 
138,576

 
GNMA
 
4.50% 3/41 #738108
 
3,925,504

 
4,372,184

 
GNMA
 
15YR 7.00% 2/15 #515099
 
9,326

 
9,766

 
GNMA
 
6.50% 1/23 #530795
 
275,242

 
310,561

 
GNMA
 
7.00% 5/32 #552576
 
23,124

 
26,915

 
GNMA
 
8.00% 11/29 #186997
 
8,395

 
9,910

 
GNMA
 
15YR 4.50% 12/18 #781681
 
527,403

 
564,654

 
GNMA
 
15YR 8.00% 1/16 #781570
 
8,778

 
9,274

 
GNMA
 
15YR 6.50% 6/20 #641437
 
100,650

 
111,211

 
GNR
 
2002-40 UK 6.5 6/32
 
180,204

 
208,060

 
GNR
 
2002-54 GB 6.5 8/32
 
90,942

 
104,383

 
GNR
 
2002-33 ZD 6% 5/32
 
1,050,770

 
1,184,267

 
GNR
 
2004-109 WE 5% 5/33
 
802,000

 
831,045

 
GNR
 
2009-45 PB 4.5% 7/33
 
500,000

 
514,499

 
GNR
 
2008-47 PC 5% 11/16/37
 
4,296,650

 
4,653,080

 
GNR
 
2009-93 PB 3% 12/38
 
494,093

 
514,894

 
GNR
 
2009-127 PL 4.25% 10/38
 
2,016,377

 
2,156,342

 
GNR
 
2010-47 CN 4.5% 8/38
 
1,618,275

 
1,712,107

 
GNR
 
2010-99 PT 3.5% 8/33
 
223,712

 
230,678

 
GNR
 
2010-73 CB 4.40% 8/35
 
4,291,717

 
4,556,038

 
GNR
 
2010-73 GA 4.5% 9/36
 
3,834,015

 
4,093,952

 
GNR
 
2010-68 LA 4.5% 3/38
 
4,269,342

 
4,624,977

 
GNR
 
2010-112 PM 3.25% 9/33
 
190,766

 
195,977

 
GNR
 
2010-120 FB 1ML+30 9/35
 
480,101

 
480,633

 
GNR
 
2010-162 PQ 4.5% 06/39
 
1,559,806

 
1,656,094

 
GNR
 
2012-149 MF 1ML+25 12/42
 
1,370,000

 
1,371,713

 
GNR
 
2012-113 FJ 1ML+25 1/42
 
792,539

 
794,762

 
GNR
 
2000-14 PD 7 2/30
 
90,650

 
105,066

 
GNR
 
2000-9 ZJ 8.5 2/30
 
148,995

 
176,677

 
Goldman Sac Grp
 
3.625% 2/07/16
 
2,730,000

 
2,889,091

 
Goldman Sach Glb
 
5.25% 10/15/13
 
1,427,000

 
1,476,962

 
Goldman Sach Grp
 
3.3% 5/03/15
 
300,000

 
312,656


35
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
Goldman Sach Mtn
 
1.6% 11/23/15
 
1,500,000

 
1,510,413

 
Goldman Sach Mtn
 
6.25% 9/1/17
 
1,385,000

 
1,633,231

 
Goldman Sachs
 
5.5 GLB 11/15/14
 
365,000

 
393,520

 
Goldman Sachs
 
4.75% 7/15/13
 
100,000

 
102,097

 
Goldman Sachs
 
5.35% 1/15/16
 
3,310,000

 
3,658,030

 
Goldman Sachs
 
5.625% 1/15/17
 
1,200,000

 
1,316,230

 
Goldman Sachs
 
5.95% 1/18/18
 
1,120,000

 
1,302,875

 
Goldman Sachs Glb
 
7.5% 2/15/19
 
200,000

 
251,472

 
Goldman Sachs Glb
 
5.15% 1/15/14
 
400,000

 
417,162

 
Goldman Sachs Gp
 
5.75% 1/24/22
 
1,580,000

 
1,866,004

 
Goldman Sachs Mtn
 
3.7% 8/1/15
 
1,106,000

 
1,167,175

 
GSINC
 
5.25% 7/27/21
 
2,420,000

 
2,756,036

 
GSMS
 
2011-GC5 A1 CSTR 8/44
 
304,630

 
308,496

 
GSMS
 
2012-GC6 A1 1.282% 1/45
 
134,560

 
135,851

 
GSMS
 
04-GG2 A6 CSTR 8/38
 
770,000

 
813,622

 
GSMS
 
2006-GG6 A2 5.506% 4/38
 
300,435

 
309,954

 
GSMS
 
2006-GG8 A2 5.479% 11/39
 
167,341

 
170,112

 
GSMS
 
2006-GG8 A4 CSTR 11/39
 
2,300,000

 
2,652,533

 
Harley David
 
2.7% 3/15/17 144A
 
350,000

 
361,619

 
Harot
 
2011-3 A3 .88% 9/15
 
3,950,000

 
3,970,765

 
Harot
 
2010-1 A4 1.98% 5/23/16
 
242,512

 
243,464

 
Harot
 
2010-3 A3 .7% 4/14
 
384,758

 
385,093

 
Harot
 
2012-2 A3 0.7% 2/16
 
530,000

 
532,870

 
Harot
 
2011-1 A4 1.8% 4/17
 
230,000

 
233,917

 
Harot
 
2012-1 A3 0.77% 1/16
 
1,436,000

 
1,442,733

 
Harot
 
2012-1 A4 0.97% 4/18
 
131,000

 
132,239

 
Harot
 
2011-2 A3 0.94% 3/15
 
466,872

 
468,595

 
Hart
 
2011-A A3 1.44% 4/15
 
233,536

 
234,442

 
Hart
 
2012-A A3 .72% 3/16
 
242,000

 
242,834

 
Hart
 
2012-B A3 .62% 9/16
 
600,000

 
601,658

 
Hart
 
2011-C A3 .83% 12/15
 
3,320,000

 
3,335,126

 
Hart
 
09-A A4 3.15% 3/16
 
57,436

 
58,359

 
Hartford Finl Svcs
 
5.125% 4/22
 
570,000

 
657,002

 
Hcp Inc Mtn
 
2.7% 2/1/14
 
500,000

 
508,974

 
Heathrow Fdg Ltd
 
2.5 6/15 144A
 
1,260,000

 
1,301,308

 
Heineken Nv
 
1.4% 10/1/17 144A
 
220,000

 
219,256

 
Hess Corp
 
8.125% 2/15/19
 
900,000

 
1,183,659

 
Hewlett Packard
 
6.125% 3/01/14
 
325,000

 
341,646

 
Hewlett Packard
 
4.75% 6/02/14
 
100,000

 
104,240

 
Hewlett Packard Co
 
1.25% 9/13
 
418,000

 
417,995


36
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
Hewlett-Packard
 
2.625% 12/9/14
 
440,000

 
445,178

 
Hewlett-Packard Co
 
3% 9/16
 
1,660,000

 
1,670,154

 
Hewlett-Packard Co
 
2.6% 9/17
 
1,090,000

 
1,061,458

 
Household Glbl
 
4.75% 7/15/13
 
400,000

 
408,352

 
HPQ
 
6% 8/01/13
 
230,000

 
235,792

 
HSBC Bank
 
3.1% 5/24/16 144A
 
3,580,000

 
3,784,049

 
HSBC Fin Corp Glb
 
5.25% 1/15/14
 
350,000

 
364,878

 
HSBC Finance Co
 
5% 6/30/15
 
400,000

 
433,560

 
HSBC Finance Corp Frn
 
1/15/2014
 
3,400,000

 
3,389,623

 
HSBC Hldngs Plc
 
4.875% 1/22
 
675,000

 
782,568

 
HSBC Holdings Plc
 
5.1% 4/05/21
 
360,000

 
424,707

 
HSBC USA Inc
 
2.375% 2/13/15
 
440,000

 
452,568

 
HSBC USA Inc
 
1.625% 1/16/18
 
377,000

 
377,197

 
Hunt
 
2012-1 A3 0.81% 9/16
 
500,000

 
502,714

 
Hunt
 
2012-2 A2 0.38% 9/15
 
371,000

 
371,233

 
IL Sales Tax
 
1.56% 06/15/17
 
2,150,000

 
2,163,545

 
Ing Bank Nv
 
2% 10/18/13 144A
 
1,970,000

 
1,978,101

 
Intel Corp
 
1.35% 12/15/17
 
230,000

 
229,846

 
Intl Paper Co
 
4.75% 2/15/22
 
2,250,000

 
2,543,344

 
John Deere Cap
 
2.25% 6/07/16
 
2,850,000

 
2,981,057

 
John Deere Cap
 
3.9% 7/12/21
 
500,000

 
557,100

 
John Deere Cap Mtn
 
4.5% 4/3/13
 
80,000

 
80,843

 
John Deere Cap Mtn
 
3.15% 10/21
 
850,000

 
895,368

 
JPMC Co
 
4.25% 10/15/20
 
2,050,000

 
2,277,726

 
JPMC Co
 
4.625% 5/10/21
 
1,400,000

 
1,594,667

 
JPMC Co Mtn
 
4.65% 6/14
 
1,488,000

 
1,567,764

 
JPMC Co Mtn
 
3.7% 1/20/15
 
750,000

 
789,615

 
JPMCC
 
03-CB7 A4 CSTR 1/38
 
160,936

 
165,200

 
JPMCC
 
2003-C1 A2 4.985% 1/37
 
42,263

 
42,264

 
JPMCC
 
03-PM1A A4 CSTR 8/40
 
250,000

 
253,025

 
JPMCC
 
2005-LDP4 ASB CSTR 10/42
 
1,337,101

 
1,387,140

 
JPMCC
 
2005-LDP5 A2 5.198% 12/44
 
201,745

 
203,512

 
JPMCC
 
05-LDP5 A4 5.1792% 12/44
 
3,500,000

 
3,900,189

 
JPMCC
 
06-CB14 A4 CSTR 12/44
 
3,000,000

 
3,371,499

 
JPMCC
 
2007-LDPX A2S 5.305% 1/49
 
109,488

 
110,004

 
JPMCC
 
2007-LD11 A2 CSTR 6/49
 
221,809

 
228,779

 
JPMCC
 
2012-C6 A2 2.2058% 5/45
 
420,000

 
438,472

 
JPMorgan Chase
 
1.1% 10/15/15
 
430,000

 
429,951

 
JPMorgan Chase
 
4.95% 3/25/20
 
650,000

 
753,284

 
JPMorgan Chase
 
3.15% 7/05/16
 
1,425,000

 
1,509,314


37
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
JPmorgan Chase & Co
 
2% 8/15/17
 
430,000

 
439,088

 
JPmorgan Chase Co
 
3.4% 6/24/15
 
1,712,000

 
1,806,258

 
Kellogg Mtn
 
4.25% 3/06/13
 
200,000

 
201,326

 
Keycorp Mtn
 
6.5% 5/14/13
 
245,000

 
250,259

 
Keycorp Mtn
 
5.1% 3/24/21
 
435,000

 
506,293

 
KFW
 
2.375% 8/25/21
 
565,000

 
587,973

 
Kinder Morgan En
 
3.95% 9/1/22
 
1,210,000

 
1,292,372

 
Kraft Foods Gp
 
3.5% 6/6/22 144A
 
980,000

 
1,044,841

 
Kraft Foods Gr
 
5.375% 2/20 144A
 
523,000

 
627,440

 
Kraft Foods Inc
 
6.75% 2/19/14
 
95,000

 
101,387

 
La Ca Usd Taxm
 
5.75% 7/01/34
 
1,300,000

 
1,558,622

 
Laboratory Corp
 
3.75% 8/23/22
 
140,000

 
148,301

 
LBUBS
 
2006-C6 A4 5.372% 9/39
 
150,000

 
172,434

 
LBUBS
 
2005-C1 A4 4.74% 2/30
 
4,025,000

 
4,302,572

 
LBUBS
 
2005-C5 A4 4.954% 9/30
 
3,000,000

 
3,277,161

 
LBUBS
 
2003-C3 A4 4.166% 5/32
 
89,126

 
89,527

 
LBUBS
 
2004-C8 4.799% 12/29
 
3,024,501

 
3,189,742

 
LBUBS
 
03-C8 A4 CSTR 11/33
 
1,800,000

 
1,840,734

 
LBUBS
 
2005-C7 A4 5.197% 11/30
 
2,000,000

 
2,210,238

 
LBUBS
 
2006-C1 A4 5.156 2/31
 
2,300,000

 
2,567,649

 
LBUBS
 
2007-C6 A2 5.845% 7/40
 
124,334

 
127,350

 
Lbubs 04-C2 A4
 
4/3/367
 
213,000

 
220,571

 
Liberty Mut
 
5.75% 3/15/14 144A
 
750,000

 
785,440

 
Liberty Mutual
 
5% 6/1/21 144A
 
390,000

 
418,762

 
Liberty Mutual
 
4.95% 5/22 144A
 
930,000

 
1,012,527

 
Liberty Prop Lp
 
5.65% 8/15/14
 
1,000,000

 
1,068,501

 
Lincoln Nationa
 
4.2% 3/15/22
 
515,000

 
551,921

 
Lincoln National
 
6.25% 2/15/20
 
1,350,000

 
1,613,944

 
Lloyds Tsb(Ungt
 
6.375% 1/21/21
 
1,800,000

 
2,215,647

 
Lockheed Martin
 
2.125% 9/15/16
 
485,000

 
502,364

 
Lorillard Tobacco
 
2.3% 8/21/17
 
525,000

 
530,674

 
Lorillard Tobc Co
 
3.5% 8/04/16
 
355,000

 
375,559

 
Mack Cali Rlty Lp
 
2.5% 12/15/17
 
400,000

 
404,136

 
Mack-Cali Realty
 
4.6% 6/15/13
 
1,000,000

 
1,015,170

 
Macys Retail
 
3.875% 1/15/22
 
270,000

 
287,484

 
Manuf & Traders
 
6/12/625
 
130,000

 
157,192

 
Markel Corp
 
7.125% 9/30/19
 
1,300,000

 
1,564,277

 
Marriott Intl
 
3% 3/01/19
 
2,440,000

 
2,509,362

 
Massmutual Glb
 
3.125% 4/16 144A
 
1,090,000

 
1,155,585

 
Massmutual Glbl
 
2% 4/5/17 144A
 
1,190,000

 
1,220,862


38
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
MBALT
 
2012-A A3 1.14% 11/14
 
440,000

 
441,782

 
MBART
 
2011-1 A3 0.85% 3/15
 
2,567,385

 
2,573,444

 
Mckesson Corp
 
0.95% 12/04/15
 
83,000

 
83,110

 
Mckesson Corp
 
4.75% 3/1/21
 
425,000

 
493,144

 
Merrill Lyn
 
6.875% 4/25/18
 
1,900,000

 
2,289,527

 
Merrill Lyn Co
 
6.4% 8/28/17
 
212,000

 
248,881

 
Merrill Lyn Co
 
5.45% 2/05/13
 
1,760,000

 
1,767,642

 
Merrill Lyn Co
 
6.15% 4/25/13
 
605,000

 
614,714

 
Merrill Lynch
 
5% 2/3/14
 
500,000

 
520,324

 
Merrill Lynch
 
5.45% 7/15/14
 
960,000

 
1,017,248

 
Merrill Lynch Co
 
5% 1/15/15
 
295,000

 
315,131

 
Met Life Gbl Fd
 
1.7% 6/15 144A
 
1,290,000

 
1,316,817

 
Met Life Glb Fn
 
7.717% 2/15/19
 
2,500,000

 
3,275,183

 
Met Life Glbl
 
2.5 9/29/15 144A
 
1,500,000

 
1,564,610

 
Met Life Glbl
 
3.875% 4/22 144A
 
107,000

 
116,241

 
Met Life Glbl Fd
 
2% 1/9/15 144
 
2,000,000

 
2,053,966

 
Metlife Inc
 
6.75% 6/1/16
 
260,000

 
307,853

 
Metlife Inc Step
 
12/15/2017
 
184,000

 
186,826

 
Metlife Instl
 
1.625 4/15 144A
 
3,530,000

 
3,596,226

 
Metropolitan Mtn
 
2.5 1/13 144A
 
285,000

 
285,130

 
Mexico Gov Glb
 
6/1/375
 
100,000

 
100,150

 
Microsoft Corp
 
.875% 11/15/17
 
1,162,000

 
1,155,443

 
Miller Brewing
 
5.5% 8/13 144A
 
610,000

 
627,182

 
Mizuho Corp Bk
 
1.55% 10/17 144A
 
640,000

 
640,406

 
MLCFC
 
2007-7 ASB 5.745% 6/50
 
1,589,983

 
1,662,886

 
MLCFC
 
2006-2 A4 CSTR 6/46
 
3,000,000

 
3,455,490

 
MLCFC
 
2006-3 A4 CSTR 7/46
 
1,580,000

 
1,816,387

 
MLMT
 
05-CIP1 A4 5.047% 7/38
 
3,100,000

 
3,419,266

 
MLMT
 
2005-CKI1 A6 CSTR 11/37
 
2,490,000

 
2,767,545

 
MLMT
 
05-LC1 AM CSTR 1/44
 
1,000,000

 
1,105,069

 
Mondelez Intl Inc
 
5.375% 2/20
 
477,000

 
575,376

 
Morgan Stanley
 
5.45% 1/09/17
 
450,000

 
497,817

 
Morgan Stanley
 
5.375% 10/15/15
 
300,000

 
326,129

 
Morgan Stanley
 
5.75% 1/25/21
 
3,070,000

 
3,502,833

 
Morgan Stanley
 
5.5% 7/28/21
 
965,000

 
1,094,572

 
Morgan Stanley
 
6% 5/13/14
 
2,690,000

 
2,848,629

 
Morgan Stanley
 
4.1% 1/26/15
 
1,761,000

 
1,835,242

 
Morgan Stanley
 
4.75% 3/22/17
 
3,265,000

 
3,560,891

 
Morgan Stanley Frn
 
5/14/2013
 
1,500,000

 
1,510,286

 
Morgan Stanley Glb
 
6% 4/28/15
 
2,100,000

 
2,287,188


39
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
MSBAM
 
2012-C5 A1 .916% 8/45
 
413,368

 
415,569

 
MSBAM
 
2012-C5 A2 1.972% 8/45
 
710,000

 
736,145

 
MSC
 
2005-HQ7 A4 CSTR 11/42
 
3,000,000

 
3,313,590

 
MSC
 
2006-HQ8 A4 CSTR 3/44
 
1,290,000

 
1,442,401

 
MSC
 
2005-HQ5 A4 1/42
 
3,740,000

 
4,010,047

 
MSC
 
03-IQ4 A2 4.07% 5/40
 
68,000

 
68,236

 
MSC
 
03-T11 A4 5.15% 6/41
 
157,956

 
160,050

 
MSC
 
2007-HQ11 A31 CSTR 2/44
 
2,250,000

 
2,353,028

 
MSC
 
2011-C3 A3 4.054% 7/49
 
107,000

 
120,727

 
Mstdw
 
5.55% 4/27/17
 
1,045,000

 
1,158,165

 
MSTDW Mtn
 
6.25% 8/28/17
 
915,000

 
1,046,922

 
Nabors Ind Mtn
 
6.15% 2/15/18
 
925,000

 
1,087,449

 
Nalt
 
2010-B A3 1% 12/15/13
 
207,397

 
207,543

 
Nalt
 
2010-B A4 1.27% 10/16
 
200,000

 
200,577

 
Nalt
 
2 11-A ABS 1.04% 8/15/14
 
400,000

 
401,262

 
Nalt
 
2011-B A3 0.92% 2/15
 
330,000

 
331,329

 
Nalt
 
2012-B A2A 0.45% 6/15
 
226,000

 
225,952

 
Napa Valley Usd
 
6.507% 8/1/43
 
1,200,000

 
1,584,888

 
Narot
 
2011-B A3 0.87% 2/16
 
2,120,000

 
2,134,843

 
Narot
 
2012-A A4 1% 7/18
 
193,000

 
195,210

 
Narot
 
2011-A A3 1.18% 2/15
 
370,000

 
371,706

 
National Austr
 
2.75% 3/09/17
 
250,000

 
262,893

 
National Austr
 
1.6% 8/07/15
 
930,000

 
943,897

 
National Austr Ny Br
 
2% 3/9/15
 
450,000

 
460,735

 
National Bk Can
 
1.45% 11/7/17
 
2,105,000

 
2,101,253

 
National Oilwel
 
2.6% 12/01/22
 
865,000

 
876,099

 
Nationwide Mtn
 
4.65% 2/15 144A
 
2,745,000

 
2,902,590

 
Natl Aust Bk
 
2.5% 1/08/13 144A
 
400,000

 
400,100

 
Natl Aust Bk
 
3.75% 3/02/15 144A
 
2,595,000

 
2,748,284

 
Natl Rural
 
4.75% 3/1/14
 
300,000

 
314,414

 
Nbcuniversal Med
 
3.65% 4/30/15
 
1,080,000

 
1,148,844

 
Nbcuniversal Media
 
2.875% 1/23
 
725,000

 
727,202

 
NCUA Gtd Nts Ma
 
1.4% 6/12/15
 
620,000

 
633,719

 
Ndass
 
3.125 03/17 SNR
 
1,320,000

 
1,405,157

 
New York Life
 
3% 5/4/15 144A
 
150,000

 
157,607

 
New York Life
 
1.3% 10/17 144A
 
1,070,000

 
1,073,794

 
Newmont Mining
 
3.5% 3/15/22
 
1,275,000

 
1,313,579

 
News Amer Inc
 
6.9% 3/1/19
 
925,000

 
1,158,425

 
Nippon Teleg&Telep
 
1.4%7/18/17
 
1,752,000

 
1,772,570

 
Nissan
 
12-A A3 ABS 0.73% 5/16
 
103,000

 
103,450


40
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
Noble Enrgy Inc
 
4.15% 12/15/21
 
1,605,000

 
1,769,999

 
Noble Hldg Intl
 
2.5% 3/15/17
 
325,000

 
335,305

 
Nordea Bk Ag
 
1.75% 10/4/13 144A
 
3,510,000

 
3,542,969

 
Nordea Bk Ag
 
2.25% 3/15 144A
 
2,065,000

 
2,115,254

 
Nordstrom
 
4% 10/15/21
 
200,000

 
222,762

 
Norfolks South
 
3.25% 12/01/21
 
110,000

 
114,992

 
Novartis Cap Co
 
2.9% 4/24/15
 
1,040,000

 
1,093,233

 
Novartis Cap Crp
 
2.4% 9/21/22
 
715,000

 
716,063

 
NSLC
 
04-2A A4 @LIBUS3+14 8/19
 
1,774,186

 
1,770,872

 
NY Life
 
5.375% 9/15/3 144A
 
250,000

 
258,220

 
NY Life Gbl
 
2.45% 7/14/16 144A
 
2,000,000

 
2,095,088

 
NYSE Euronext
 
2% 10/05/17
 
950,000

 
965,400

 
Oneok Partners
 
3.375% 10/01/22
 
1,145,000

 
1,165,457

 
Oneok Partners Lp
 
2% 10/01/17
 
1,310,000

 
1,320,413

 
Ontario Mtn
 
2.95% 2/5/15
 
450,000

 
472,942

 
Ontario Prov
 
1.875% 9/15/15
 
2,600,000

 
2,690,516

 
Ontario Prov
 
.95% 5/26/15
 
250,000

 
253,213

 
Oracle Corp
 
5.25% 1/15/16
 
250,000

 
282,838

 
Penske Trk Ls
 
3.125% 5/15 144A
 
570,000

 
581,594

 
Penske Truck
 
2.5% 3/15/16 144A
 
1,060,000

 
1,062,596

 
Penske Truck Ls
 
2.5% 7/14 144A
 
225,000

 
227,351

 
People'S United
 
3.65% 12/06/22
 
995,000

 
999,043

 
Philip Morris
 
1.125% 8/21/17
 
210,000

 
209,254

 
Philip Mors Int
 
2.5% 8/22/22
 
1,045,000

 
1,048,551

 
Phillips 66
 
2.95% 5/1/17 144A
 
2,255,000

 
2,389,152

 
PNC Bk Na
 
6.875% 4/01/18
 
250,000

 
312,163

 
PNC Fund Corp
 
4.375% 8/11/20
 
1,200,000

 
1,367,417

 
PNC Fund Corp Mtn
 
3% 5/19/14
 
940,000

 
971,550

 
PNC Funding Corp
 
5.25 11/15/15
 
110,000

 
122,899

 
PNC Funding Corp
 
5/2/625
 
110,000

 
126,967

 
PNCfund Mtn
 
3.625% 2/8/15
 
728,000

 
770,620

 
PPG Industries
 
5/3/1975
 
260,000

 
262,694

 
PPL Cap Fd Inc
 
3.5% 12/01/22
 
405,000

 
411,767

 
Praxair Inc Mtn
 
4.375% 3/31/14
 
290,000

 
303,702

 
Pricoa Glb 1 Mtn
 
5.45% 6/14 144A
 
2,185,000

 
2,333,646

 
Principal Fin
 
3.3% 9/15/22
 
460,000

 
466,098

 
Principal Life Mtn
 
5.3% 4/24/13
 
520,000

 
527,441

 
Procter & Gamble
 
1.8% 11/15/15
 
670,000

 
692,543

 
Progress Energy
 
6.05% 3/15/14
 
2,550,000

 
2,706,320

 
PSEG Pwr LLC
 
2.75% 9/15/16
 
315,000

 
327,683


41
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
Pub Svc El & Gas
 
6.33% 11/1/13
 
380,000

 
398,144

 
Pub Svc Oklahoma
 
5.15 12/1/19
 
150,000

 
174,979

 
Rabobank
 
3.375% 1/19/17
 
3,188,000

 
3,423,784

 
Rabobank Nl Utrec Mtn
 
1.85% 1/14
 
1,783,000

 
1,806,703

 
Rabobnk Nedrld Mtn
 
2.125% 10/15
 
1,924,000

 
1,985,605

 
RBS
 
4.875% 3/16/15
 
1,000,000

 
1,074,012

 
Realty Inc Corp
 
5.5% 11/15/15
 
1,000,000

 
1,108,710

 
Rentenbank Glb
 
3.25% 3/15/13
 
2,000,000

 
2,012,004

 
Reynolds Amern
 
6.75% 6/15/17
 
1,000,000

 
1,207,237

 
RFCO Sp
 
10/15/2020
 
1,000,000

 
874,830

 
Rio Tinto Fin
 
2.25% 9/20/16
 
870,000

 
902,305

 
Rio Tinto Fin
 
1.625% 8/21/17
 
430,000

 
435,214

 
Rio Tinto Fin USA Ltd
 
2.5% 5/16
 
2,115,000

 
2,207,339

 
Roper Industries
 
1.85% 11/15/17
 
650,000

 
649,273

 
Royal Bank Cana
 
1.2% 9/19/2017
 
281,000

 
281,572

 
Royal Bk Cacnada
 
.625% 12/4/15
 
4,195,000

 
4,183,900

 
Royal Bk Canada
 
2.3% 7/20/16
 
290,000

 
302,135

 
Royal Bk Canada
 
1.45% 10/30/14
 
5,415,000

 
5,508,230

 
Royal Bk Cda Gbl
 
.8% 10/30/15
 
860,000

 
858,939

 
Royal Bk Cda Gmtn
 
2.625% 12/15
 
1,000,000

 
1,055,384

 
Royal Bk Scotlnd
 
2.55% 9/18/15
 
508,000

 
519,852

 
Sabmiller Hl
 
2.45% 1/15/17 144
 
900,000

 
937,868

 
Sabmiller Hldgs
 
3.75% 1/22 144
 
790,000

 
852,148

 
Schlumberger
 
1.95% 9/16 144A
 
1,050,000

 
1,078,259

 
Sempra Energy
 
8.9% 11/15/13
 
400,000

 
427,847

 
Shell Intl Fin
 
4% 3/21/14
 
465,000

 
485,464

 
Shell Intl Fin
 
.625% 12/04/15
 
5,060,000

 
5,077,720

 
Sherwin William
 
1.35% 12/15/17
 
430,000

 
428,891

 
Siemens Fin
 
5.75% 10/17/16 144
 
200,000

 
231,838

 
Simon Property
 
5.625% 8/15/14
 
100,000

 
107,732

 
Simon Property
 
6.1% 5/01/16
 
50,000

 
57,673

 
Simon Property
 
6.125% 5/30/18
 
130,000

 
158,295

 
Simon Property
 
6.75% 5/15/14
 
1,725,000

 
1,840,016

 
Simon Property
 
2.8% 1/30/17
 
236,000

 
248,951

 
Simon Property
 
2.15% 9/15/17
 
750,000

 
777,675

 
Simon Property
 
3.375% 3/15/22
 
170,000

 
179,346

 
SLCLT
 
8/2/2002
 
524,906

 
526,178

 
SLM Corp
 
6.25% 1/25/16
 
980,000

 
1,063,300

 
SLM Corp Mtn
 
6% 1/25/17
 
650,000

 
703,625

 
SLMA
 
4/6/2005
 
117,224

 
117,167


42
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
SLMA
 
8/1/2002
 
328,150

 
327,380

 
SLMA
 
2007-6 A2 3ML+25 1/19
 
972,584

 
973,322

 
SLMA
 
8/6/2002
 
642,938

 
647,359

 
SLMA
 
2012-7 A2 1ML+28 9/19
 
861,000

 
860,368

 
Southern Cal Ed
 
4.15 9/15/14
 
135,000

 
142,736

 
Southern Co
 
4.15% 5/14
 
105,000

 
109,990

 
Southern Co
 
2.375% 9/15/15
 
940,000

 
978,846

 
Southwstrn Bell
 
7% 7/01/15
 
255,000

 
292,914

 
SSBK Stif Fund
 
SSBK STIF FUND
 
19,417,182

 
19,417,182

 
Stryker Corp
 
2% 9/30/16
 
1,085,000

 
1,129,462

 
Suncor Enrgy Inc
 
6.1% 6/1/18
 
1,000,000

 
1,219,357

 
Suntrust Bk
 
7.25% 3/15/18
 
100,000

 
122,344

 
Svenska Ha Ab P
 
3.125% 7/12/16
 
1,080,000

 
1,145,681

 
Svenska Mtn
 
4.875 6/10/14 144A
 
3,260,000

 
3,445,038

 
Swedbank Ab
 
2.125 9/29/17 144A
 
1,575,000

 
1,608,662

 
Swiss Re Tres
 
2.875% 12/22 144A
 
580,000

 
579,744

 
Taot 2011-B A3
 
0.68% 6/15/15
 
5,275,000

 
5,290,909

 
Telecom Italia
 
5.25% 11/15/13
 
210,000

 
215,775

 
Telecom Italia
 
4.95% 9/30/14
 
903,000

 
942,732

 
Telecom Italia Mtn
 
6.175% 6/14
 
800,000

 
843,200

 
Thomson Corp
 
5.95% 7/15/13
 
270,000

 
277,594

 
Time Warner Cab
 
5.85% 5/1/17W/I
 
300,000

 
354,285

 
Time Warner Cab
 
8.75% 2/14/19
 
1,600,000

 
2,157,146

 
Time Warner Inc
 
3.15% 7/15/15
 
1,448,000

 
1,531,140

 
Time Warner Inc
 
4.75% 3/29/21
 
490,000

 
562,568

 
Time Warnr Inc
 
4% 1/15/22
 
715,000

 
781,862

 
Toronto Dom Bk
 
2.5% 7/14/16
 
3,055,000

 
3,213,136

 
Toronto Domini
 
2.375% 10/19/16
 
1,735,000

 
1,822,668

 
Total Cap
 
3% 6/24/15
 
6,755,000

 
7,134,455

 
Total Cap
 
2.3% 3/15/16
 
100,000

 
103,874

 
Total Cap Cda
 
1.625% 1/28/14
 
450,000

 
456,162

 
Total Cap Intl
 
2.875% 2/17/22
 
70,000

 
72,986

 
Total Cap Intl
 
1.55% 6/28/17
 
1,670,000

 
1,695,159

 
Total Capital Sa
 
4.125% 1/28/21
 
1,150,000

 
1,301,798

 
Total Capital Sa
 
1.5% 2/17/17
 
546,000

 
550,056

 
Toyota Motor Crd
 
1.25% 10/5/17
 
640,000

 
644,315

 
Toyota Mtr Cr
 
2.05% 1/12/17
 
180,000

 
186,109

 
Transcanada Pip
 
4% 6/15/13
 
175,000

 
177,822

 
Travelers Cos Inc
 
5.8% 5/15/18
 
55,000

 
66,600

 
Tyco Electric Grp
 
1.6% 2/03/15
 
233,000

 
236,450


43
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
UAL Pass Thru Etc
 
9.75% 1/17
 
239,200

 
275,080

 
Ubsbb
 
2012-C2 A1 1.006% 5/63
 
380,987

 
384,230

 
Ubsbb
 
2012-C4 A1 .6728% 12/45
 
270,000

 
269,833

 
Ubscm
 
2012-C1 A1 1.032% 5/45
 
242,357

 
244,396

 
Ubscm
 
2012-C1 A2 2.180% 5/45
 
360,000

 
375,973

 
Udr Inc Mtn
 
5.5% 4/1/14
 
460,000

 
483,757

 
Union Bk Na
 
2.125% 12/16/13
 
660,000

 
670,326

 
Union Pac Corp
 
5.65 5/1/17
 
100,000

 
117,306

 
Union Pacific
 
4.875% 1/15/15
 
185,000

 
200,041

 
United Tech Corp
 
3.1% 6/01/22
 
1,935,000

 
2,046,797

 
Unitedhealth Grp
 
1.875% 11/16
 
339,000

 
348,995

 
Unitedhealth Grp
 
.85% 10/15/15
 
124,000

 
124,395

 
Unitedhealth Grp
 
1.4% 10/15/17
 
1,418,000

 
1,419,695

 
Unitedhealth Inc Mtn
 
4.7% 2/21
 
2,150,000

 
2,502,338

 
US Bancorp Med
 
2.95% 7/15/22
 
775,000

 
782,026

 
US Bancorp Mtn
 
4.2% 5/15/14
 
990,000

 
1,039,391

 
US Long
 
30YR(CBT)FT MAR13 USH3
 
(48
)
 
42,000

 
US Trsy Strip
 
0% 5/15/18
 
5,000,000

 
4,773,700

 
US Trsy Strip Cpn
 
0% 11/15/29
 
9,520,000

 
5,992,878

 
US Ultra
 
30YR(CBT) MAR13 WNH3
 
(7
)
 
8,969

 
USAA Capital
 
1.05% 9/14 144A
 
507,000

 
509,266

 
USAOT
 
2009-2 A4 0% 6/13
 
386,941

 
388,999

 
UST
 
10YR FUT MAR13 TYH3
 
28

 
(4,813
)
 
UST
 
5YR FUT MAR13 FVH3
 
231

 
3,609

 
USTB
 
11.25% 2/15/15
 
6,355,000

 
7,825,633

 
USTB
 
8.875% 8/15/17
 
1,095,000

 
1,504,614

 
USTB
 
4.75% 5/15/14
 
24,930,000

 
26,467,682

 
USTCOUP
 
8/15/2013
 
3,520,000

 
3,516,617

 
USTCOUP
 
2/15/2014
 
14,800,000

 
14,764,347

 
USTCOUP
 
8/15/2014
 
300,000

 
298,757

 
USTCOUP
 
11/15/2013
 
200,000

 
199,666

 
USTCOUP
 
5/15/2014
 
9,550,000

 
9,518,752

 
USTCOUP
 
11/15/2014
 
550,000

 
547,121

 
USTCOUP
 
5/15/2015
 
16,378,000

 
16,250,776

 
USTCOUP
 
5/15/2016
 
5,105,000

 
5,026,174

 
USTCOUP
 
8/15/2016
 
29,900,000

 
29,358,182

 
USTCOUP
 
11/15/2016
 
6,000,000

 
5,874,648

 
USTCOUP
 
2/15/2017
 
14,200,000

 
13,848,763

 
USTCOUP
 
8/15/2017
 
2,000,000

 
1,935,766

 
USTCOUP
 
11/15/2017
 
3,750,000

 
3,614,284


44
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
USTCOUP
 
5/15/2019
 
7,190,000

 
6,712,857

 
USTCOUP
 
5/15/2020
 
4,000,000

 
3,628,784

 
USTCOUP
 
8/15/2020
 
4,140,000

 
3,727,855

 
USTCOUP
 
11/15/2020
 
2,290,000

 
2,049,330

 
USTCOUP
 
2/15/2021
 
1,210,000

 
1,071,565

 
USTCOUP
 
5/15/2021
 
3,000,000

 
2,633,256

 
USTCOUP
 
5/15/2022
 
8,800,000

 
7,459,593

 
USTN
 
4.125% 5/15/15
 
7,000,000

 
7,626,902

 
USTN
 
4.5% 11/15/15
 
19,120,000

 
21,370,324

 
USTN
 
4.625% 11/15/16
 
6,045,000

 
6,989,607

 
USTN
 
3.5% 2/15/18
 
16,785,000

 
19,088,343

 
USTN
 
2.75% 2/28/13
 
300,000

 
301,254

 
USTN
 
0.0% XX/XX/XX
 
500,000

 
563,583

 
USTN
 
2.625% 4/30/16
 
10,640,000

 
11,404,600

 
USTN
 
2.375% 3/31/16
 
11,000,000

 
11,687,014

 
USTN
 
3% 9/30/16
 
5,015,000

 
5,476,407

 
USTN
 
3.125% 10/31/16
 
13,550,000

 
14,880,615

 
USTN
 
3.25% 12/31/16
 
2,000,000

 
2,213,053

 
USTN
 
3.125% 4/30/17
 
5,390,000

 
5,968,040

 
USTN
 
1.875% 6/30/15
 
30,400,000

 
31,568,225

 
USTN
 
1.75% 7/31/15
 
21,991,000

 
22,783,811

 
USTN
 
1.25% 8/31/15
 
15,195,000

 
15,555,987

 
USTN
 
1.25% 9/30/15
 
18,455,000

 
18,905,759

 
USTN
 
2.125% 12/31/15
 
1,300,000

 
1,367,038

 
USTN
 
1.25% 3/15/14
 
10,100,000

 
10,225,462

 
USTN
 
.75% 3/31/13
 
4,000,000

 
4,006,408

 
USTN
 
1.5% 6/30/16
 
6,565,000

 
6,798,828

 
USTN
 
1% 8/31/16
 
18,725,000

 
19,064,182

 
USTN
 
1% 9/30/16
 
33,279,000

 
33,880,210

 
USTN
 
1.75% 10/31/18
 
2,500,000

 
2,618,013

 
USTN
 
.875% 11/30/16
 
25,765,000

 
26,101,213

 
USTN
 
.875% 12/31/16
 
3,400,000

 
3,442,599

 
USTN
 
1% 3/31/17
 
14,910,000

 
15,159,670

 
USTN
 
.875% 4/30/17
 
28,487,000

 
28,804,576

 
USTN
 
.250% 5/15/15
 
18,700,000

 
18,668,786

 
USTN
 
.250% 7/15/15
 
8,965,000

 
8,944,570

 
USTN
 
.25% 8/31/14
 
17,700,000

 
17,701,204

 
USTN
 
.25% 9/15/15
 
26,675,000

 
26,602,002

 
USTN
 
.25% 9/30/14
 
22,825,000

 
22,824,293

 
USTN
 
.25% 10/15/15
 
7,000,000

 
6,978,962


45
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
USTN
 
.25% 10/31/14
 
9,690,000

 
9,689,861

 
USTN
 
.375% 11/15/15
 
5,235,000

 
5,236,245

 
USTN
 
1.625% 11/15/22
 
365,000

 
360,641

 
USTN
 
.625% 11/30/17
 
2,150,000

 
2,139,954

 
USTN
 
0.125% 12/31/2014
 
7,000,000

 
6,980,436

 
USTN
 
.75% 12/31/17
 
18,160,000

 
18,182,700

 
USTN
 
1.125% 12/31/19
 
16,040,000

 
15,971,970

 
Ustprin
 
2/15/2015
 
11,410,000

 
11,337,524

 
Ustprin
 
11/15/2015
 
11,465,000

 
11,359,462

 
Valet
 
2011-1 A3 1.22% 6/15
 
1,072,602

 
1,077,900

 
Valet
 
2012-2 A2 0.57% 7/15
 
332,000

 
331,973

 
Vende
 
1994-1 2ZB 6.5% 2/24
 
509,932

 
576,633

 
Vende
 
1998-1 2E 7 3/28
 
142,874

 
170,655

 
Ventas Rlty Lp/Cap
 
2% 2/15/18
 
2,635,000

 
2,635,693

 
Verizon Com
 
2% 11/1/16
 
920,000

 
951,859

 
Verizon Comm
 
1.1% 11/01/17
 
430,000

 
427,907

 
Verizon Comm Inc
 
4.6% 4/01/21
 
4,425,000

 
5,159,908

 
Verizon New Eng
 
4/10/1975
 
100,000

 
103,100

 
Viacom Inc New
 
2.5% 12/15/16
 
1,970,000

 
2,053,447

 
Viacom Inc New
 
3.875% 12/15/21
 
84,000

 
91,451

 
Virginia El&Pwr
 
2.95% 1/15/22
 
340,000

 
357,648

 
Vodafone Glbl
 
5% 12/16/13
 
475,000

 
495,291

 
Vodafone Grp Plc
 
4.15% 6/10/14
 
3,600,000

 
3,777,095

 
Volkswagen
 
2.375% 3/22/17 144A
 
410,000

 
422,157

 
Volkswagen
 
1.6% 11/20/17 144A
 
2,010,000

 
2,005,857

 
VW Intl Fin Nv
 
1.625% 3/15 144A
 
880,000

 
892,003

 
VWALT
 
2010-A A3 0.99% 11/13
 
122,934

 
122,993

 
VWALT
 
2010-A A4 1.18% 10/15
 
320,000

 
320,359

 
VWALT
 
2011-A A2 1% 2/14
 
113,218

 
113,341

 
Wachovia Bank Na
 
5.6% 3/15/16
 
100,000

 
112,514

 
Wachovia Bk Na Bn
 
6% 11/15/17
 
300,000

 
359,629

 
Wachovia Corp
 
4.875% 2/15/14
 
235,000

 
244,963

 
Wachovia Corp Mtn
 
5.75% 2/1/18
 
2,000,000

 
2,395,222

 
Wal Mart Stores
 
2.8% 4/15/16
 
2,920,000

 
3,113,371

 
Walmart
 
2.875% 4/01/15
 
4,367,000

 
4,587,734

 
Walmart
 
.75% 10/25/13
 
1,200,000

 
1,203,582

 
Walt Disney Co
 
.875% 12/01/14
 
145,000

 
146,196

 
Watson Pharma Inc
 
3.25% 10/1/22
 
700,000

 
713,780

 
WBCMT
 
05-C21 A4 5.274% 10/44
 
2,548,452

 
2,820,927

 
WBCMT
 
2003-C9 A4 5.012% 12/35
 
491,600

 
504,849


46
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
WBCMT
 
2004-C11 A5 5.215 1/41
 
233,000

 
245,054

 
WBCMT
 
2006-C23 A4 5.418% 1/45
 
2,317,285

 
2,581,748

 
WBCMT
 
2006-C23 A5 CSTR 1/45
 
760,000

 
859,425

 
WBCMT
 
06-C24 A3 CSTR 3/45
 
3,000,000

 
3,396,765

 
WBCMT
 
2006-C25 A4 CSTR 5/43
 
2,597,000

 
2,963,289

 
WBCMT
 
2006-C25 A5 CSTR 5/43
 
1,105,000

 
1,272,811

 
WBCMT
 
2007-C33 A3 CSTR 2/51
 
1,575,531

 
1,648,129

 
WBCMT
 
2007-C33 APB CSTR 2/51
 
1,129,910

 
1,187,644

 
WBCMT
 
2007-C31A A2 5.421% 4/47
 
346,332

 
356,204

 
Weatherford Int Mtn
 
5.125% 9/20
 
2,300,000

 
2,532,302

 
Wellpoint Inc
 
6% 2/15/14
 
245,000

 
259,300

 
Wellpoint Inc
 
1.25% 9/10/15
 
124,000

 
124,971

 
Wellpoint Inc
 
3.3% 1/15/23
 
535,000

 
548,258

 
Wellpoint Inc
 
1.875% 1/15/18
 
226,000

 
228,719

 
Wells Fargo Bk Glb
 
4/2/1975
 
315,000

 
338,295

 
Wells Fargo&Com
 
3.676% 6/15/16
 
5,315,000

 
5,744,574

 
Western Gas Part
 
4% 7/01/22
 
395,000

 
415,734

 
Westfield
 
5.125 11/15/14 144A
 
1,600,000

 
1,715,526

 
Westpac Bankig Corp
 
3% 12/9/15
 
173,000

 
183,473

 
Westpac Banking
 
4.2% 2/27/15
 
1,070,000

 
1,147,767

 
Westpac Banking
 
1.125% 9/25/15
 
1,930,000

 
1,947,721

 
Westpac Banking Crp
 
2% 8/14/17
 
772,000

 
794,928

 
Westpac Bk
 
1.25% 12/15/17 144A
 
6,415,000

 
6,404,210

 
Westpac Bk Corp
 
1.85% 12/09/13
 
530,000

 
537,735

 
WFRBS
 
2011-C5 A1 1.456% 11/44
 
119,318

 
121,116

 
WFRBS
 
2012-C6 A1 1.081% 4/45
 
140,938

 
142,134

 
WFRBS
 
2012-C8 A1 .864% 8/45
 
230,048

 
231,087

 
WFRBS
 
2012-C8 A2 1.881% 8/45
 
400,000

 
412,383

 
Williams Partnr
 
5.25% 3/15/20
 
1,450,000

 
1,668,907

 
WOART
 
2012-A A3 0.64% 2/17
 
560,000

 
561,284

 
WOART
 
2011-A A3 1.49% 10/14
 
370,000

 
371,971

 
WOART
 
2012-B A2 0.43% 11/15
 
295,000

 
294,932

 
Wols
 
2012-A A3 0.93% 11/15
 
290,000

 
291,977

 
Woolworths Ltd Mtn
 
2.55% 9/15
 
1,290,000

 
1,339,826

 
Wrap Contracts
 
WRAP CONTRACTS
 
—

 
1,929,349

 
Wyndham Worldwide Mtn
 
4.25% 3/22
 
1,000,000

 
1,031,448

 
Xerox Corp
 
3ML+82 5/16/14
 
775,000

 
773,377

 
Xerox Corp
 
2.95% 3/15/17
 
270,000

 
276,939

 
Xstrata Can Crp
 
2.85% 11/14 144
 
965,000

 
990,476

 
Xstrata Can Fin
 
3.6% 1/17 144A
 
2,000,000

 
2,105,592


47
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
 
Xstrata Fn Cda
 
2.45 10/17 144A
 
1,575,000

 
1,589,693

 
Xylem Inc
 
3.55% 9/20/16
 
1,175,000

 
1,251,407

 
Xylem Inc
 
4.875% 10/01/21
 
400,000

 
453,672

Total Investment Contracts
 
 
 
2,002,616,020

 
 
 
 
 
 
 
 
Registered Investment Companies
 
 
 
 
 
 
 
* Fidelity Institutional Money Market – Money Market Portfolio – Institutional Class
 
Money Market Fund
 
1,074,219,160

 
1,074,219,160

 
* Fidelity Prime Money Market
 
Money Market Fund
 
62,784,342

 
62,784,342

 
Hartford Capital Appreciation HLS IA
 
Equity Based Fund
 
34,378,342

 
1,490,988,672

 
Janus Balanced N Fund
 
Equity Based Fund
 
47,442,724

 
1,243,948,230

 
OPP DEVELOPING MKTS I
 
Equity Based Fund
 
3,364,271

 
117,345,779

 
Pimco Total Return Institutional Fund
 
Fixed Income Based Fund
 
63,068,868

 
708,894,078

 
* SPTN INT TR IDX ADV
 
Fixed Income Based Fund
 
15,272,891

 
173,805,497

 
T. Rowe Price Institutional Small-Cap Stock Fund
 
Equity Based Fund
 
24,426,955

 
368,847,025

 
Brokerage Link
 
Various
 
 
 
335,679,143

Total Registered Investment Companies
 
 
 
5,576,511,926

 
 
 
 
 
 
 
 
Common Collective Trusts
 
 
 
 
 
 
 
Harris Associates Oakmark Global Collective Fund
 
Equity Based Funds
 
16,219,380

 
171,276,654

 
Northern Trust Collective Aggregate Bond Index Fund - DC – Non-Lending
 
Fixed Income Based Funds
 
4,649,053

 
493,715,515

 
Northern Trust ACWI ex-US Fund - DC NonLending(a)
 
Equity Based Funds
 
6,993,202

 
803,966,425

 
Northern Trust Collective Russell 2000 Index Fund - DC - Non-Lending
 
Equity Based Funds
 
4,701,647

 
560,821,905

 
Northern Trust Collective S&P 500 Index Fund - DC - Non-Lending
 
Equity Based Funds
 
13,780,497

 
1,571,114,408

Total Common Collective Trusts
 
 
 
 
 
3,600,894,907

 
 
 
 
 
 
 
 
Raytheon Company Common Stock
 
 
 
 
 
 
 
* Raytheon Company
 
Raytheon Common Stock
 
17,863,717

 
1,028,235,551

Total Raytheon Company Common Stock
 
 
 
1,028,235,551

 
 
 
 
 
 
 
 
Total Investments
 
 
 
12,208,258,404

 
 
 
 
 
 
 
 
 
* Participant Loans
 
3.25% - 10.00%
 
 
 
239,591,741

 
 
 
 
 
 
 
 
 
Adjustment from fair value to contract value for interest in fully benefit-responsive investment contracts
 
 
 
 
 
(95,727,243
)
 
 
 
 
 
 
 
 
Total Investments at Contract Value Including Participant Loans
 
 
 
$
12,352,122,902

 
 
 
 
 
 
 
 

48
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



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
 
 Current Value
*Party in interest



49
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SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 24, 2013            
RAYTHEON SAVINGS AND INVESTMENT PLAN
 
 
 
By:
/s/ Michael J. Wood
 
Michael J. Wood
 
Vice President, Controller and Chief Accounting Officer
 
Principal Accounting Officer



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EXHIBIT INDEX

23.1

 
Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm.
 
 
 

















































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