11-K 2014
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
ý
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2014.
 
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 2014 Form 5500
Annual Report of Employee Benefit Plan
Under Employee Retirement Income Security Act of 1974
December 31, 2014 and 2013


Table of Contents
Raytheon Savings and Investment Plan
Table of Contents to Financial Statements and Supplemental Schedule
December 31, 2014 and 2013



 
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.




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Table of Contents


Report of Independent Registered Public Accounting Firm

To the 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, 2014 and December 31, 2013, and the changes in net assets available for benefits for the year ended December 31, 2014 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.

The supplemental schedule of assets (held at end of year) at December 31, 2014 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the schedule of assets (held at end of year) is fairly stated, in all material respects, in relation to the financial statements as a whole.


/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
June 22, 2015

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Table of Contents
Raytheon Savings and Investment Plan
Statements of Net Assets Available for Benefits
December 31, 2014 and 2013
 
 
2014
 
2013
Assets
 
 
 
 
Investments
 
 
 
 
At fair value (Notes 2, 3, and 4)
 
 
 
 
Investment contracts
 
$
1,766,771,526

 
$
1,959,457,179

Registered investment companies
 
6,243,914,476

 
6,184,832,345

Common collective trusts
 
5,538,951,811

 
4,952,633,911

Raytheon Company common stock
 
1,396,017,465

 
1,355,553,494

Total investments
 
14,945,655,278

 
14,452,476,929

Receivables
 
 
 
 
Receivables for securities sold
 
5,018,590

 
4,134,267

Notes receivable from participants
 
229,201,216

 
238,572,568

Accrued investment income and other receivables
 
13,223,688

 
23,231,610

Total receivables
 
247,443,494

 
265,938,445

 
 
 
 
 
Total assets
 
15,193,098,772

 
14,718,415,374

Liabilities
 
 
 
 
Due to Trustee
 
—

 
49,268,562

Payable for securities purchased
 
10,035,167

 
9,254,635

Accrued investment expenses and other payables
 
2,942,451

 
7,415,976

Total liabilities
 
12,977,618

 
65,939,173

 
 
 
 
 
Net Assets available for benefits at fair value
 
15,180,121,154

 
14,652,476,201

 
 
 
 
 
Adjustment from fair value to contract value for interest in fully
   benefit-responsive investment contracts
 
(46,704,341
)
 
(51,326,695
)
Net assets available for benefits
 
$
15,133,416,813

 
$
14,601,149,506


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


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Table of Contents
Raytheon Savings and Investment Plan
Statement of Changes in Net Assets Available for Benefits
Year Ended December 31, 2014


 
 
2014
Additions to net assets attributable to:
 
 
 
 
 
Net appreciation of investments (Notes 2, 3 and 4)
 
$
806,926,888

Interest and dividends
 
282,178,249

Interest income on notes receivable from participants (Note 2)
 
7,818,913

Other revenue (Note 7)
 
170,149

 
 
 
Contributions and deferrals
 
 
Employee deferrals
 
583,472,147

Employer contributions
 
274,532,751

 
 
858,004,898

Total additions
 
1,955,099,097

 
 
 
Deductions from net assets attributable to:
 
 
 
 
 
Distributions to participants
 
1,441,283,296

Administrative expenses
 
9,462,863

Total deductions
 
1,450,746,159

 
 
 
Increase in net assets prior to plan mergers
 
504,352,938

Transfers in from affiliate benefit plans (Note 1)
 
27,914,369

Increase in net assets available for benefits
 
532,267,307

Net assets, beginning of year
 
14,601,149,506

Net assets, end of year
 
$
15,133,416,813


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, 2014 and 2013


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 Applied Signal Technology, Inc. is a wholly-owned subsidiary of the Plan Sponsor. The net assets of the Applied Signal Technology Services 401(k) Plan, amounting to $27,914,369, were merged into the Plan on March 25, 2014. Raytheon Applied Signal Technology, Inc.’s 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 $260,000 for the 2014 plan year. Employee contributions, including rollovers, are invested based on participant investment elections. For 2014, the annual employee pretax elective deferral contributions for a participant cannot exceed $17,500, 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 $52,000 for the 2014 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 2014 may make pretax catch-up contributions up to $5,500. 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.

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 including a self-directed brokerage account.

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013

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, 2014 and 2013, unallocated Plan forfeitures were $148,362 and $118,856, respectively. During 2014, the total amount of forfeitures were $2,377,447.
 
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 participant's account in the investment options according to the participant's current investment election. As of December 31, 2014 and 2013, 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 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 $24,846,997 in dividends earned by the Plan, $949,274 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

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013

to fully benefit-responsive wrap contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Plan invests in benefit-responsive wrap 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 wrap contracts in the Fixed Income Fund and the adjustment from fair value to contract value relating to the wrap contracts. The statement of changes in net assets available for benefits is prepared on a contract value basis.

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 wrap 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, 2014 or 2013. Delinquent participant loans are classified 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. For 2014, the Company paid administrative expenses of $81,909. These expenses were generally related to the merger of acquired plans. 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.

Accounting Standards

In May 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-07 "Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)." For all investments for which fair value is measured using the net asset value per share practical expedient, ASU 2015-07 removes the requirement to make certain disclosures and to categorize them within the fair value hierarchy. These disclosure changes are required for annual reporting periods beginning after December 15, 2015, and interim periods within those annual periods. Management is currently evaluating the impact ASU 2015-07 will have on the Plan's financial statements and disclosures.

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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013


3. Investments
The following presents investments that represent 5% or more of the Plan's net assets:
 
 
2014
 
2013
Northern Trust Collective S&P 500 Index Fund - DC - Non-Lending
 
$
2,422,067,787

 
$
2,198,159,980

Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares
 
2,111,792,512

 
1,897,894,064

Janus Balanced N Fund
 
1,466,880,945

 
1,429,408,350

Raytheon Common Stock
 
1,396,017,465

 
1,355,553,494

Northern Trust ACWI ex-US Fund - DC Non-Lending
 
1,121,854,639

 
1,063,520,059

Northern Trust Collective Aggregate Bond Index Fund - DC - Non-Lending (a)
 
925,008,573

 
555,089,875

Fidelity Institutional Money Market Fund - Government Portfolio (a)
 
856,645,080

 
—

Fidelity Institutional Money Market Fund - Money Market Portfolio (b)
 
—

 
989,015,929

Nothern Trust Collective Russell 2000 Index Fund- DC Non-Lending
 
782,408,803

 
837,236,534

 
 
 
 
 
(a) Investment did not represent more than 5% of the Plan's net assets in 2013.
 
 
 
 
(b) Investment did not represent more than 5% of the Plan's net assets in 2014.
 
 
 
 

During the year ended December 31, 2014 the net appreciation in value of the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) was as follows:
Registered investment companies
 
$
233,483,526

Common collective trusts
 
335,413,319

Raytheon Company common stock
 
238,030,043

 
 
$
806,926,888

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.

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, 2014 and 2013.

A Synthetic Guaranteed Investment Contract (“Synthetic GIC”) is an investment contract comprised of third party issued benefit-responsive wrap contracts ("Wrap Contracts") and represents individual assets, usually a portfolio of high quality fixed income securities placed in a trust, with ownership by the Plan and insurance issued by the wrap contract providers to guarantee participant transactions are executed at contract value subject to certain provisions ("Wrapper"). The individual assets of the

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013

Synthetic GIC are valued at fair value. The fair value of the Wrapper 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. Futures 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 the investment manager or custodian, is net of fees and is based on the fair value of the underlying investments held by the CCT less its liabilities. 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.


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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013

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.
 
Fair Value of Investment Assets as of 12/31/2014
 
Level 1
 
Level 2
 
Level 3
 
Total
Investment contracts - Assets
 
 
 
 
 
 

Fixed income

 

 

 

US government and agencies
$
730,024,267

 
$
67,333,140

 
$
—

 
$
797,357,407

Corporate debt
—

 
504,033,384

 
—

 
504,033,384

Mortgage backed securities
—

 
318,582,084

 
—

 
318,582,084

Asset backed securities
—

 
135,369,897

 
—

 
135,369,897

Common collective trust
—

 
9,197,938

 
—

 
9,197,938

Other fixed income investments
—

 
2,156,429

 
—

 
2,156,429

Wrapper
—

 
—

 
158,326

 
158,326

Investment contracts - Liabilities
 
 
 
 
 
 
 
Futures contracts
(83,939
)
 
—

 
—

 
(83,939
)
Total investment contracts
729,940,328

 
1,036,672,872

 
158,326

 
1,766,771,526

 
 
 
 
 
 
 

Registered investment companies
 
 
 
 
 
 

Target date mutual funds
9,509,825

 
—

 
—

 
9,509,825

Fixed income based mutual funds
534,944,686

 
—

 
—

 
534,944,686

Equity based mutual funds
4,757,399,262

 
—

 
—

 
4,757,399,262

Money market funds
942,060,703

 
—

 
—

 
942,060,703

Total registered investment companies
6,243,914,476

 
—

 
—

 
6,243,914,476

 
 
 
 
 
 
 
 
Common collective trusts
 
 
 
 
 
 
 
Fixed income based funds
—

 
925,008,573

 
—

 
925,008,573

Equity based funds
—

 
4,613,943,238

 
—

 
4,613,943,238

Total common collective trusts
—

 
5,538,951,811

 
—

 
5,538,951,811

 
 
 
 
 
 
 
 
Raytheon Company common stock
1,396,017,465

 
—

 
—

 
1,396,017,465

Total Investments
$
8,369,872,269

 
$
6,575,624,683

 
$
158,326

 
$
14,945,655,278


As of December 31, 2014, there were no transfers between levels.

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013

 
Fair Value of Investment Assets as of 12/31/2013
 
Level 1
 
Level 2
 
Level 3
 
Total
Investment contracts
 
 
 
 
 
 
 
Fixed income
 
 
 
 
 
 
 
US government and agencies
$
729,115,482

 
$
95,346,729

 
$
—

 
$
824,462,211

Corporate debt
—

 
547,963,241

 
—

 
547,963,241

Mortgage backed securities
—

 
370,769,849

 
—

 
370,769,849

Asset backed securities
—

 
137,241,404

 
—

 
137,241,404

Common collective trust
—

 
69,570,782

 
—

 
69,570,782

Other fixed income investments
—

 
9,147,279

 
—

 
9,147,279

Futures contracts
128,810

 
—

 
—

 
128,810

Wrapper
—

 
—

 
173,603

 
173,603

Total investment contracts
729,244,292

 
1,230,039,284

 
173,603

 
1,959,457,179

 
 
 
 
 
 
 
 
Registered investment companies
 
 
 
 
 
 
 
Target date mutual funds
7,632,081

 
—

 
—

 
7,632,081

Fixed income based mutual funds
708,939,689

 
—

 
—

 
708,939,689

Equity based mutual funds
4,380,445,288

 
—

 
—

 
4,380,445,288

Money market funds
1,087,815,287

 
—

 
—

 
1,087,815,287

Total registered investment companies
6,184,832,345

 
—

 
—

 
6,184,832,345

 
 
 
 
 
 
 
 
Common collective trusts
 
 
 
 
 
 
 
Fixed income based funds
—

 
555,089,875

 
—

 
555,089,875

Equity based funds
—

 
4,397,544,036

 
—

 
4,397,544,036

Total common collective trusts
—

 
4,952,633,911

 
—

 
4,952,633,911

 
 
 
 
 
 
 
 
Raytheon Company common stock
1,355,553,494

 
—

 
—

 
1,355,553,494

Total Investments
$
8,269,630,131

 
$
6,182,673,195

 
$
173,603

 
$
14,452,476,929


As of December 31, 2013, there were no transfers between levels.


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 Statements of Net Assets Available for Benefits.

 
Level 3 investment Assets - 12/31/2014
 
Balance, beginning of year
 
Realized gains (losses)
 
Unrealized appreciation (depreciation)
 
Purchases
Sales
 
Transfers in (out) of level 3
 
Balance, end of year
Investment contracts
 
 
 
 
 
 
 
 
 
 
 
 
Wrapper
$
173,603

 
$
—

 
$
(15,277
)
 
$
—

$
—

 
$
—

 
$
158,326

Total
$
173,603

 
$
—

 
$
(15,277
)
 
$
—

$
—

 
$
—

 
$
158,326


11
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013

Unrealized depreciation of $15,277 relates to investment assets held by the Plan at December 31, 2014.

 
Level 3 investment Assets - 12/31/2013
 
Balance, beginning of year
 
Realized gains (losses)
 
Unrealized appreciation (depreciation)
 
Purchases
 
Sales
 
Transfers in (out) of level 3
 
Balance, end of year
Investment contracts
 
 
 
 
 
 
 
 
 
 
 
 
 
Wrapper
$
1,929,349

 
$
—

 
$
(1,755,746
)
 
$
—

 
$
—

 
$
—

 
$
173,603

Total
$
1,929,349

 
$
—

 
$
(1,755,746
)
 
$
—

 
$
—

 
$
—

 
$
173,603


Unrealized depreciation of $1,755,746 relates to investment assets held by the Plan at December 31, 2013.

5. Investment Contracts
For the plan year ended December 31, 2014 and 2013, the Plan included the Fixed Income Fund, which holds four Wrap Contracts issued by American General Life Insurance Company, JP Morgan Chase Bank, Prudential Insurance Company of America and State Street Bank and Trust Company (collectively the “Wrap Contract Providers”).

A Synthetic GIC is designed to decrease volatility by providing the Fixed Income Fund with the ability to execute certain participant transactions at contract value through the use of Wrap Contracts. Under the Wrap Contracts, 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 Wrap Contracts. Individual assets wrapped by the Wrap Contracts are valued based on the policy discussed in Notes 2 and 4.

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

The Synthetic GIC accrues interest using a formula embedded in the Wrap Contracts called the “crediting rate.” The Synthetic GIC uses the crediting rate formula to convert market value changes in the wrapped assets into income distributions in order to minimize the difference between the market and contract value of the wrapped assets over time. Using the crediting rate formula, an estimated future market value is calculated by compounding the Fixed Income Fund's current market value at the Fixed Income Fund's current yield to maturity for a period equal to the Fixed Income Fund's duration. The crediting rate is the discount rate that equates estimated future market value with the Fixed Income Fund's current contract value. The crediting rate is most impacted by the change in the annual effective yield to maturity of the underlying securities, but is also affected by the differential between the contract value and the market value of the wrapped investments. The difference is amortized over the 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 Wrap Contracts 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 wrapped assets is higher or lower than the contract value of those assets. If the Fixed Income Fund experiences significant redemptions when the market value is below the contract value, the Fixed Income Fund's yield may be reduced significantly, to a level that is not competitive with other investment options. This may result in additional redemptions, which would tend to lower the crediting rate further. If redemptions continued, the Fixed Income Fund's yield could be reduced to zero. If

12
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013

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

13
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013

to a decline in the ratings of the Wrap Contract Provider, the Wrap Contract Provider may be required to pay to the Plan the cost of acquiring a replacement contract (i.e. replacement cost) within the meaning of the Wrap Contract. If the Wrap Contract terminates when the market value equals zero, the Wrap Contract Provider 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. Wrap Contract termination also may occur by either party upon election and notice.
The Wrap Contract Provider may elect to terminate the Wrap Contract for no reason by giving certain notice to the Trustee. If, at any time, prior to dates agreed to in each Wrap 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 Wrap Contract apply. The immunization provision results in the wrapped portion of the Fixed Income Fund being managed according to more conservative immunization investment guidelines provided for in the Wrap Contract and the contract can terminate in segments over a period of time. In the event a Wrap Contract Provider sought to terminate its Wrap Contract or immunize its portion of the Fixed Income Fund, 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 GIC exceeded the contract value by $46,704,341 and $51,326,695, at December 31, 2014 and December 31, 2013 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, 2014
 
December 31, 2013
Average annual yield
2.24%
 
2.33%
Crediting interest rate
2.30%
 
2.30%
6. Futures contracts
A futures 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 futures 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, 2014 and 2013, the Synthetic GICs contained futures contracts. The Plan uses fixed income futures contracts to manage exposure to the market. Buying futures contracts tends to increase the Plan's exposure to the underlying instrument. Selling futures contracts 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 futures 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 futures 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 futures 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 futures positions.

Futures contracts involve, to varying degrees, credit and market risks. The Fund enters into futures 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 futures 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 futures contract and the underlying index or security.




14
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013


A summary of open fixed income futures is presented below as of December 31, 2014 and 2013.
 
Long Contracts
 
Short Contracts
 
2014
 
2014
 
Number of Contracts
 
Aggregate Face Value
 
Number of Contracts
 
Aggregate Face Value
 
 
 
 
 
 
 
 
US 2 Year Treasury Note
564

 
$
123,286,875

 
—

 
$
—

US 5 Year Treasury Note
—

 
—

 
242

 
28,780,984

US 10 Year Treasury Note
—

 
—

 
281

 
35,629,922

US Ultra Bond (CBT)
25

 
4,129,688

 
—

 
—

US Long Bond (CBT)
—

 
—

 
70

 
10,119,375

 
589

 
$
127,416,563

 
593

 
$
74,530,281


 
Long Contracts
 
Short Contracts
 
2013
 
2013
 
Number of Contracts
 
Aggregate Face Value
 
Number of Contracts
 
Aggregate Face Value
 
 
 
 
 
 
 
 
US 5 Year Treasury Note
639

 
$
76,240,688

 
—

 
$
—

US 10 Year Treasury Note
—

 
—

 
130

 
15,996,094

US Ultra Bond (CBT)
—

 
—

 
93

 
12,671,250

US Long Bond (CBT)
—

 
—

 
198

 
25,405,875

Euro Dollar 90 Day
161

 
39,422,863

 
161

 
39,899,825

 
800

 
$
115,663,551

 
582

 
$
93,973,044


The average number of futures contracts held during the years ended December 31, 2014 and December 31, 2013 was 1070 and 785 contracts, respectively, based on a quarterly average.

7. Certain Transactions Involving Parties-In-Interest

The Trustee of the Plan, FMTC, is a party-in-interest with respect to the Plan. Certain Plan transactions involve FMTC or its affiliates. For example, certain Plan investments are shares of registered investment companies managed by affiliates of FMTC. The Plan also pays fees to the Trustee. In addition, the Plan has a revenue sharing agreement with the Trustee whereby certain revenue received by the Trustee from sponsors of some Plan investment options is paid to the Trust. For the year ended December 31, 2014, $170,149 in such revenue sharing was allocated to participant accounts.

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

The Plan Sponsor, Raytheon Company, is a party in interest with respect to the Plan. In accordance with the provisions of the Plan, the Trustee acts as the Plan's agent for purchases and sales of shares of Raytheon Company common stock. Purchases amounted to $26,064,271 and sales amounted to $194,662,744 for the year ended December 31, 2014. Dividend income from shares of Raytheon Company common stock amounted to $23,897,723 for the year ended December 31, 2014.

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


15
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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2014 and 2013

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
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, 2014 and 2013, respectively. The Plan is subject to examinations by taxing jurisdictions. On March 21, 2014, the IRS informed the Company that it completed its examinations of the Plan for 2009, 2010 and 2011 and accepted the Plan's Form 5500s as filed. The Plan administrator believes the Plan is no longer subject to federal tax examination for years prior to 2012.
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 and such change could materially affect participants' account balances and the Plan's financial statements.

Counterparty credit risk is the risk that a counterparty to a financial instrument will fail on a commitment that it has entered into with the Plan. The Plan minimizes concentrations of counterparty credit risk by undertaking transactions with multiple counterparties. The Plan's investment 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
 
 
 
 
 
 
 
ABN Amro Bk
 
2.5% 10/18 144A
 
$
2,645,000

 
$
2,671,492

 
ANZ Natl Intl
 
1.12% 3/16 144A
 
3,320,000

 
3,331,783

 
AT&T Inc
 
3.875% 8/15/21
 
635,000

 
664,405

 
AT&T Inc
 
1.6% 2/15/17
 
1,775,000

 
1,778,728

 
AT&T Inc
 
1.4% 12/01/17
 
520,000

 
514,822

 
AT&T Inc
 
3ML+91 11/27/18
 
1,590,000

 
1,615,551

 
AT&T Inc
 
2.3% 3/11/19
 
135,000

 
134,858

 
Abbvie Inc
 
2% 11/6/18 WI
 
2,680,000

 
2,671,009

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

 
268,547

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

 
244,042

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

 
1,474,083

 
Allya
 
2012-2 A3 0.74% 4/16
 
19,650

 
19,655

 
Allya
 
2012-4 A3 0.59% 1/17
 
179,160

 
179,142

 
Allyl
 
2013-SN1 A3 .72% 05/16
 
406,454

 
406,591

 
Allya
 
2013-2 A3 0.79% 01/18
 
4,400,000

 
4,396,247

 
Allyl
 
2014-SN1 A3 .75% 02/17
 
500,000

 
499,124

 
Altria Group Inc
 
9.7% 11/10/18
 
883,000

 
1,121,240

 
Altria Group Inc
 
9.25% 8/6/19
 
40,000

 
51,410

 
Altria Group Inc
 
2.85% 8/09/22
 
520,000

 
505,282

 
American Exp Co
 
2.65% 12/2/22
 
2,012,000

 
1,973,331

 
American Express
 
1.55% 5/22/18
 
230,000

 
227,813

 
Amxca
 
2013-3 A .98% 05/19
 
6,342,000

 
6,339,812

 
Amxca
 
2014-2 A 1.26% 1/20
 
2,500,000

 
2,494,010

 
Amxca
 
2014-4 A 1.43% 06/20
 
990,000

 
988,070

 
American Ex Crd
 
2.125% 3/18/19
 
1,790,000

 
1,787,754

 
American Honda Fin
 
2.125 10/18
 
450,000

 
452,738

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

 
674,006

 
American Intl Group
 
2.3% 7/19
 
1,955,000

 
1,956,990

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

 
322,460

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

 
559,050

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

 
2,420,111

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

 
1,162,509

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

 
555,939

 
Anglo Amer cap
 
4.125 4/21 144A
 
250,000

 
250,840

 
Anheuser Busch
 
2.5% 7/15/22
 
3,208,000

 
3,117,797

 
AB Inbev Fin
 
2.15% 2/1/19
 
1,130,000

 
1,134,555

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

 
1,847,428

 
Apple Inc
 
1% 5/3/18
 
6,023,000

 
5,927,770

 
Apple Inc
 
2.85% 5/6/21
 
1,255,000

 
1,283,814


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
 
Atmos Energy
 
6.35 6/15/17
 
126,000

 
140,731

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

 
433,928

 
Australia & Nz
 
1.45% 5/15/18
 
460,000

 
454,098

 
Anz Ny Bran
 
1.25% 1/10/17
 
680,000

 
680,246

 
Aust & Nz Bkg Ny
 
2.25% 6/13/19
 
650,000

 
653,114

 
Avalonbay Comm
 
3.625% 10/1/20
 
209,000

 
217,379

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

 
2,435,477

 
BACCT
 
2014-A3 A 1ML+29 01/20
 
9,000,000

 
8,998,380

 
BB&T Corporation
 
6.85% 4/19
 
9,000

 
10,677

 
BB&T Corp
 
2.25% 02/01/19
 
1,140,000

 
1,142,334

 
Bhp Billiton Fn Ltd
 
3.85 9/23
 
1,390,000

 
1,463,316

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

 
1,527,075

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

 
679,425

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

 
445,128

 
Bpcm
 
1.375% 5/10/18
 
450,000

 
442,051

 
Bnp Pariba
 
2.45% 03/17/19
 
451,000

 
457,014

 
Bpce Sa
 
2.5% 12/10/18
 
1,100,000

 
1,114,996

 
Bpce Sa
 
1.625% 2/10/17
 
450,000

 
450,936

 
Bpce Sa
 
2.5% 7/15/19
 
1,300,000

 
1,305,121

 
Bmwlt
 
2014-1 A3 .73% 02/17
 
818,000

 
817,252

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

 
1,260,772

 
BACM
 
2006-1 A1A CSTR 9/45
 
3,077,035

 
3,177,014

 
BACM
 
2005-2 A5 CSTR 7/43
 
1,170,059

 
1,174,704

 
BACM
 
2006-2 A4 CSTR 5/45
 
3,000,000

 
3,123,576

 
BACM
 
2006-2 A1A CSTR 5/45
 
2,231,771

 
2,350,552

 
BACM
 
2006-4 A4 5.634 7/46
 
406,961

 
425,793

 
BACM
 
2006-4 A1A CSTR 7/46
 
1,021,169

 
1,081,148

 
BACM
 
2007-4 A4 CSTR 2/51
 
2,954,732

 
3,220,903

 
Bk Of Amer Glb
 
5.625 10/16 MTN
 
45,000

 
48,203

 
Bank Of America
 
6% 9/01/17
 
2,225,000

 
2,453,568

 
Bank Amer Na
 
1.25% 02/14/17
 
450,000

 
448,991

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

 
5,027,153

 
Bank Of America
 
3.75% 7/12/16
 
265,000

 
274,541

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

 
741,400

 
Bank Of America Crp Mtn
 
2 1/18
 
450,000

 
449,658

 
Bank Amer Fdg C
 
3.3% 01/11/23
 
1,700,000

 
1,700,131

 
Bank Amer Fdg Crp
 
2.6% 1/15/19
 
6,875,000

 
6,928,460

 
Bank America Corp
 
2.65% 4/1/19
 
890,000

 
896,528

 
Bank Amer Fdg C
 
4.2% 08/26/24
 
1,260,000

 
1,283,594

 
BAAT
 
2012-1 A3 0.78% 6/16
 
146,276

 
146,295


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
 
BAAT
 
2012-1 A4 1.03 12/16
 
470,000

 
471,089

 
Bank Of Ny
 
5.45% 5/15/19
 
86,000

 
97,498

 
Bank Nova Scotia
 
2.55% 1/12/17
 
27,000

 
27,691

 
Bank T-M Ufj
 
1.65% 2/26/18 144
 
470,000

 
463,793

 
Bank T-M Ufj
 
2.7% 9/9/18 144A
 
450,000

 
457,797

 
Bk Tk-Mtltd
 
3.75% 3/10/24 144A
 
1,290,000

 
1,336,230

 
Barclays Plc
 
2.75% 11/8/19
 
334,000

 
331,959

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

 
5,862,318

 
Barclays Bnk Plc
 
2.5% 02/20/19
 
1,900,000

 
1,925,243

 
Barclays Bk
 
6.05% 12/4/17 144A
 
1,855,000

 
2,042,683

 
Baxter Intl Glbl
 
4.625 3/15/15
 
18,000

 
18,148

 
Bayer Us Fin
 
3% 10/8/21 144A
 
1,115,000

 
1,124,065

 
BSCMS
 
05-T18 A4 4.933% 2/42
 
114,025

 
114,031

 
BSCMS
 
05-PWR8 A4 4.674% 6/41
 
349,073

 
350,676

 
BSCMS
 
2004-PWR4 A3 CSTR 6/41
 
6,318

 
6,316

 
BSCMS
 
2006-T22 A1A CSTR 4/38
 
702,602

 
733,450

 
BSCMS
 
06-PW12 A1A CSTR 9/38
 
547,422

 
575,307

 
BSCMS
 
2006-PW13 A4 5.54%0 9/41
 
2,610,363

 
2,745,125

 
BSCMS
 
2006-PW13 A1A 5.533 9/41
 
686,941

 
728,552

 
BSCMS
 
2006-PW14 A4 5.201 12/38
 
3,515,000

 
3,724,979

 
BSCMS
 
2006-PW14 A1A 5.189
 
317,272

 
336,442

 
BSCMS
 
2007-T26 A4 CSTR 1/45
 
2,951,357

 
3,161,178

 
Bear
 
7.25% 2/01/18
 
1,350,000

 
1,555,943

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

 
1,178,968

 
Becton Dickinso
 
2.675% 12/19
 
670,000

 
678,811

 
Berkley Wr Corpmtn
 
7.375% 9/19
 
700,000

 
828,544

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

 
1,447,388

 
BMWOT
 
2014-A A3 0.97% 11/18
 
1,535,000

 
1,533,336

 
Branch Banking Frn
 
9/13/16
 
2,178,000

 
2,170,556

 
British Sky
 
 BR 3.75% 9/24 144A
 
800,000

 
804,899

 
British Telecom Plc
 
2.35% 2/19
 
1,074,000

 
1,072,458

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

 
2,169,238

 
CBS Corp
 
4.3% 2/15/21
 
770,000

 
829,087

 
CDP Finl Inc
 
3.15% 07/24 144A
 
1,765,000

 
1,799,511

 
CD
 
2005-CD1 A4 CSTR 7/44
 
5,515,356

 
5,604,473

 
CD
 
06-CD2 A4 CSTR 1/46
 
3,000,000

 
3,084,645

 
CD
 
06-CD2 A1B CSTR 1/46
 
1,133,061

 
1,170,085

 
CD
 
2007-CD5 A1A 5.8% 11/44
 
763,015

 
827,376

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

 
1,504,467

 
Cigna
 
4% 2/15/22
 
1,670,000

 
1,759,711


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
 
Comm 2014-UBS4 A2
 
2.963% 08/47
 
4,580,000

 
4,702,048

 
Comm 2014-UBS3 A2
 
2.844% 6/47
 
3,200,000

 
3,291,798

 
Comm
 
2012-LC4 A1 1.156% 12/44
 
304,998

 
306,208

 
Comm
 
2012-CR5 A1 0.673% 12/45
 
608,509

 
606,257

 
Comm
 
2012-CR1 A1 1.116% 5/45
 
7,795

 
7,797

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

 
365,485

 
Comm
 
2012-CR2 A1 .824% 08/45
 
114,942

 
114,714

 
Comm
 
2013-CR9 A1 1.3440% 7/45
 
149,577

 
150,448

 
Comm
 
2014-CR17 A2 3.012% 05/47
 
630,000

 
651,777

 
CVS Caremark
 
2.25% 12/5/18
 
355,000

 
358,178

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

 
1,576,897

 
Capital One Fin
 
6.75% 9/15/17
 
18,000

 
20,308

 
Capital One Fin
 
2.45% 04/24/19
 
1,520,000

 
1,516,518

 
Capital One Fin
 
3.75% 04/24/24
 
860,000

 
878,575

 
Comet
 
2013-A1 A1 .63% 11/18
 
815,000

 
814,359

 
Comet
 
2013-A3 A3 .96% 9/19
 
1,296,000

 
1,291,227

 
Comet
 
2014-A2 A2 1.26% 01/20
 
890,000

 
888,915

 
Capital One Bk
 
3.375% 2/15/23
 
2,710,000

 
2,694,935

 
Capital One Bk
 
2.25% 2/13/19
 
910,000

 
903,410

 
Capital One Bk
 
2.95% 07/23/21
 
965,000

 
958,962

 
Carmx
 
2012-1 A3 0.89% 9/16
 
260,004

 
260,213

 
Carmx
 
2013-3 A3 .97% 11/15/16
 
3,656,000

 
3,663,711

 
Carmx
 
2013-4 A2 .7% 11/16
 
123,542

 
123,561

 
Carmx
 
2014-1 A2 .47% 02/17
 
186,496

 
186,458

 
Carmx
 
2014-4 A3 1.25% 11/19
 
3,377,000

 
3,367,740

 
Carnival Corp
 
1.2% 2/5/16
 
910,000

 
909,625

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

 
722,587

 
CHAIT
 
2006-A2 A2 5.16 4/18
 
2,000,000

 
2,098,024

 
CHAIT
 
July 2, 2002
 
1,000,000

 
994,418

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

 
2,998,518

 
CHAIT
 
13-A6 A6 1193476+.42% 07
 
3,797,000

 
3,803,049

 
CHAIT
 
2013-A8 A8 1.01% 10/18
 
450,000

 
449,991

 
CHAIT
 
2014-A1 A 1.15% 01/19
 
1,500,000

 
1,499,264

 
CHAIT
 
2014-A7 A 1.38% 11/19
 
993,000

 
989,054

 
Chevron Corp Ne
 
1.104% 12/5/17
 
854,000

 
849,756

 
CCART
 
14-BA A2 0.69% 09/17
 
3,500,000

 
3,502,485

 
Cisco Systems
 
5.5% 2/22/16
 
14,000

 
14,773

 
Cisco Systems Inc
 
2.125% 3/19
 
900,000

 
904,235

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

 
3,115,168

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

 
825,032


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
 
Citigroup Inc
 
3.375% 3/01/23
 
520,000

 
524,650

 
Citigroup Inc
 
3.875% 10/25/23
 
1,110,000

 
1,153,736

 
Citigroup Inc
 
2.55% 04/08/19
 
1,100,000

 
1,107,235

 
Citigroup Inc
 
1.55% 08/14/17
 
600,000

 
598,348

 
CCCIT
 
2006-A7 A7 3ML+6 12/18
 
3,900,000

 
3,887,189

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

 
1,505,828

 
CCCIT
 
13-A2 A2 1193476+.28% 05
 
1,600,000

 
1,597,486

 
CCCIT
 
13-A3 A3 1.11% 7/23/18
 
1,940,000

 
1,945,298

 
CCCIT
 
2013-A6 A6 1.32% 09/18
 
4,252,000

 
4,275,573

 
CCCIT
 
2014 A2 1.02% 02/19
 
6,600,000

 
6,574,623

 
CCCIT
 
2014-A4 A4 1.23% 04/19
 
880,000

 
878,621

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

 
391,802

 
CGCMT
 
2006-C5 A1A 5.425 10/49
 
917,184

 
972,540

 
CGCMT
 
13-GC11 A1 0.672% 12/17
 
254,820

 
253,730

 
CGCMT
 
13-GC17 A2 2.962% 11/46
 
3,800,000

 
3,917,747

 
Citizens Bk Mtn
 
2014-GC21 A3 3.493% 5/47
 
2,620,000

 
2,722,856

 
Citizens Bk Mtn
 
2.45% 12/04/19
 
590,000

 
586,852

 
Cleveland Elec
 
7.88% 11/01/17
 
14,000

 
16,271

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

 
1,764,391

 
Colgate-Palm Mtn
 
1.375% 11/15
 
270,000

 
271,937

 
Colgate-Palmolive
 
0.9% 5/1/18
 
596,000

 
582,412

 
Comcast Corp
 
5.9% 3/15/16
 
495,000

 
524,893

 
Comcast Corp Glb
 
5.875% 2/15/18
 
1,834,000

 
2,063,476

 
Comerica Inc
 
2.125% 05/23/19
 
267,000

 
265,214

 
Comm
 
2006-C8 A4 5.306% 12/46
 
2,406,579

 
2,549,352

 
Comm
 
2006-C8 A1A 5.292 12/46
 
665,402

 
710,961

 
Comm
 
2006-C7 A4 CSTR 6/46
 
3,399,674

 
3,563,382

 
Comm
 
2006-C7 A1A CSTR 6/46
 
1,008,545

 
1,059,669

 
Comm
 
2013-LC6 A1 .7240% 1/46
 
182,102

 
181,149

 
GCCFC
 
2007-GG9 A2 5.381% 3/39
 
83,714

 
83,950

 
Commonwealth NY
 
2.5% 09/20/18
 
1,985,000

 
2,018,745

 
Commonwealth NY
 
2.25% 03/13/19
 
2,004,000

 
2,013,339

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

 
1,683,759

 
Comwlth Edison
 
2.15% 01/15/19
 
177,000

 
178,322

 
Rabobnk Nedrld Mtn
 
2.125% 10/15
 
985,000

 
996,816

 
Rabobank
 
3.375% 1/19/17
 
39,000

 
40,686

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

 
1,093,787

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

 
344,672

 
Credit Suisse Fb
 
4.875 1/15/15
 
90,000

 
90,152

 
Credit Suis Fb Usa
 
5.125 8/15
 
79,000

 
81,102


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
 
CSMC
 
2007-C2 A2 CSTR 1/49
 
8,184

 
8,124

 
Credit Suisse Ny
 
1.375 5/17
 
3,140,000

 
3,131,908

 
Credit Suisse Ny
 
2.3% 5/19
 
2,280,000

 
2,276,085

 
CSFB
 
2005-C5 A4 5.1% 8/38
 
2,221,045

 
2,250,528

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

 
1,224,713

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

 
1,646,112

 
Cummins Inc
 
3.65% 10/01/23
 
535,000

 
562,772

 
DBUBS
 
2011-LC3A A1 2.238% 8/44
 
42,937

 
43,295

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

 
1,844,939

 
DCP Midstream Op
 
2.7% 4/01/19
 
920,000

 
900,583

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

 
1,270,471

 
Daimler Fina Na
 
1.65% 4/15 144
 
150,000

 
150,335

 
Daimler Fn Na
 
1.875% 1/18 144A
 
950,000

 
953,301

 
Dayton Pow &Lgt
 
1.875% 9/16
 
1,025,000

 
1,036,597

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

 
2,913,854

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

 
541,889

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

 
881,322

 
Deutsche Bank Ag
 
2.5% 2/13/19
 
1,663,000

 
1,683,362

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

 
982,357

 
Devon Energy Co
 
2.25% 12/15/18
 
459,000

 
457,346

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

 
1,432,025

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

 
1,744,656

 
Directv Hldgs
 
3.8% 3/15/22
 
590,000

 
600,248

 
Discover Bk
 
2% 02/21/18
 
3,675,000

 
3,665,423

 
DCENT
 
2012-A1 A1 0.81% 8/17
 
1,744,000

 
1,744,820

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

 
2,899,527

 
DCENT
 
2013-A2 A2 .69% 07/18
 
3,925,000

 
3,920,082

 
DCENT
 
2013-A5 A5 1.04% 04/19
 
2,460,000

 
2,457,577

 
DCENT
 
2014-A3 A3 1.22% 10/19
 
1,880,000

 
1,876,793

 
DCENT
 
2014-A5 A 1.39% 04/20
 
2,630,000

 
2,624,509

 
Dominion Gas Hldgs
 
2.5% 12/19
 
1,200,000

 
1,202,977

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

 
1,392,313

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

 
698,916

 
Duke Energy Cor
 
2.15% 11/15/16
 
47,000

 
47,882

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

 
855,630

 
Duke Energy Cor
 
2.1% 06/15/18
 
364,000

 
367,358

 
Duke Energy Car
 
1.75% 12/15/16
 
555,000

 
563,177

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

 
16,410

 
Erp Operating Lp
 
2.375% 7/19
 
286,000

 
284,778

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

 
738,723


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
 
Erac USA Fin
 
2.8% 11/1/18 144A
 
220,000

 
224,717

 
Erac USA Fin
 
3.85% 11/24 144A
 
225,000

 
228,183

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

 
838,984

 
El Paso Nat
 
5.95% 4/15/17
 
1,860,000

 
2,000,281

 
Enlink Midstrm Lp
 
 2.7% 4/1/19
 
660,000

 
649,929

 
Enterprise Prdcts
 
3.9% 2/15/24
 
1,335,000

 
1,359,681

 
Enterprise Prd
 
2.55% 10/15/19
 
620,000

 
613,758

 
Enterprise Prd
 
3.75% 02/15/25
 
615,000

 
617,342

 
Express Scrip Hd
 
2.25% 6/15/19
 
760,000

 
751,862

 
Fpl Group
 
7.875% 12/15
 
11,000

 
11,705

 
FHLG
 
6.00% 8/26 #G00587
 
47,182

 
52,872

 
FHLG
 
8.50% 7/28 #G00981
 
125,607

 
149,993

 
FHLG
 
5.50% 3/34 #G01665
 
143,821

 
161,895

 
FHLG
 
15YR 5.0% 4/20 #G11682
 
544,236

 
579,251

 
FHLG
 
15YR 5.50% 2/20 #G11728
 
1,745,522

 
1,873,600

 
FHLG
 
15YR 6.50% 4/18 #G11452
 
42,522

 
44,502

 
FHLG
 
April 15, 2050
 
55,633

 
58,586

 
FHLG
 
10.00% 10/30 #G20027
 
353,076

 
400,385

 
FHLG
 
15YR 5.00% 5/18 #P10034
 
94,863

 
97,733

 
FHLG
 
20YR 6.00% 9/27 #G30357
 
264,303

 
299,362

 
FHLG
 
20YR 5.50% 7/28 #G30564
 
538,285

 
601,085

 
FHLG
 
6.50% 5/22 #D95395
 
33,649

 
37,506

 
FHLG
 
15YR 6.50% 4/16 #E83211
 
2,002

 
2,059

 
FHLG
 
June 15, 2000
 
71,996

 
75,096

 
FHLG
 
15YR 6.50% 6/17 #E90325
 
42,144

 
44,449

 
FHLG
 
15YR 6.00% 7/17 #E90474
 
53,395

 
56,117

 
FHLG
 
15YR 5.00% 12/17 #E93561
 
55,424

 
57,960

 
FHLG
 
15YR 4.00% 6/18 #E96973
 
78,684

 
83,249

 
FHLG
 
15YR 4.50% 8/18 #E98688
 
222,461

 
234,047

 
FHLG
 
15YR 4.50% 10/18 #E99833
 
249,697

 
262,948

 
FHLG
 
15YR 4.50% 9/18 #E99205
 
180,952

 
190,553

 
FHLG
 
15YR 5.00% 10/18 #E99955
 
32,536

 
34,255

 
FHLG
 
4.50% 6/23 #A45156
 
372,123

 
403,477

 
FHLG
 
6.00% 9/37 #G03282
 
280,137

 
315,629

 
FHLG
 
5.50% 12/37 #G03696
 
462,382

 
517,020

 
FHLG
 
6.00% 1/38 #G03781
 
543,534

 
612,562

 
FHLG
 
5.50% 12/37 #G03865
 
222,845

 
249,178

 
FHLG
 
5.50% 7/39 #G05546
 
485,335

 
542,079

 
FHLG
 
25YR 5.50% 7/35 #G05815
 
97,716

 
109,996

 
FHLG
 
15YR 5.00% 10/23 #G13276
 
345,079

 
373,145


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 5.00% 12/18 #G13293
 
92,898

 
97,836

 
FHLG
 
15YR 6.00% 11/23 #G13368
 
130,703

 
142,473

 
FHLG
 
15YR 6.50% 7/21 #G12934
 
61,974

 
66,780

 
FHLG
 
15YR 5.00% 3/19 #G13052
 
322,321

 
339,455

 
FHLG
 
5.50% 1/24 #G13432
 
547,062

 
596,841

 
FHLG
 
15YR 5.50% 12/21 #G13481
 
325,009

 
352,866

 
FHLG
 
15YR 4.00% 7/24 #G13596
 
262,355

 
280,362

 
FHLG
 
15YR 5.00% 4/20 #G13598
 
328,464

 
346,433

 
FHLG
 
15YR 6.00% 1/24 #G13647
 
530,301

 
578,090

 
FHLG
 
15YR 6.00% 1/24 #G13982
 
502,052

 
548,306

 
FHLG
 
15YR 5.50% 12/24 #G14015
 
2,923,899

 
3,180,121

 
FHLG
 
15YR 4.00% 9/25 #G14376
 
217,104

 
232,005

 
FHLG
 
15YR 3.50% 10/26 #G14450
 
2,432,850

 
2,584,713

 
FHLG
 
15YR 2.5% 06/23#G14775
 
296,299

 
307,873

 
FHLG
 
15YR 4.00% 6/24 #G18312
 
320,159

 
342,134

 
FHLG
 
6.50% 10/26 #C90995
 
230,355

 
261,621

 
FHLG
 
6.50% 8/26 #C90985
 
41,693

 
47,457

 
FHLG
 
15YR 6.00% 4/20 #J02203
 
30,098

 
32,088

 
FHLG
 
15YR 6.50% 1/20 #J02204
 
55,672

 
60,000

 
FHLG
 
15YR 4.50% 9/24 #J10826
 
466,332

 
501,764

 
FHLG
 
10YR 3.00% 8/21 #J16393
 
209,084

 
217,774

 
FHLG
 
10YR 3.00% 8/21 #J16442
 
184,222

 
191,878

 
FHLM ARM
 
2.98% 8/41 #1B8533
 
152,701

 
158,931

 
FHLM ARM
 
3.07% 9/41 #1B8608
 
89,211

 
93,280

 
FHLM ARM
 
3.717% 05/41#1B8124
 
66,638

 
70,390

 
FHLM ARM
 
3.224% 4/41#1B8179
 
51,006

 
53,523

 
FHLM ARM
 
3.464% 5/1/41#1B8304
 
54,792

 
57,691

 
FHLM ARM
 
3.627% 6/1/41#1B8372
 
79,359

 
83,739

 
FHLM ARM
 
3.283 6/1/41
 
50,679

 
52,954

 
FHLM ARM
 
3.242% 9/1/41#1B8659
 
47,487

 
49,710

 
FHR
 
192 I 9% 2/22
 
112,720

 
127,578

 
FHLG
 
4.00% 12/40 #C03565
 
143,284

 
153,099

 
FHLG
 
6.00% 8/28 #C13910
 
55,562

 
63,244

 
FHLG
 
4.00% 4/39 #A85531
 
184,132

 
196,976

 
FHLG
 
4.00% 1/41 #A96478
 
704,708

 
752,984

 
FHLG
 
15YR 6.00% 10/16 #E01054
 
30,291

 
31,433

 
FHLG
 
15YR 5.50% 3/17 #E01136
 
10,923

 
11,369

 
FHLG
 
15YR 5.00% 12/17 #E01280
 
32,891

 
34,396

 
FHLG
 
15YR 6.50% 10/17 #E01254
 
8,518

 
9,002

 
FHLG
 
15YR 5.50% 11/18 #E01497
 
116,138

 
123,693


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% 9/25 #E02787
 
273,479

 
294,130

 
FHLG
 
15YR 4.00% 4/26 #E02867
 
140,128

 
150,315

 
FHLG
 
15YR 4.50% 11/18 #B10931
 
152,156

 
160,374

 
FHLG
 
15YR 5.50% 11/18 #B10916
 
216,112

 
230,169

 
FHLG
 
15YR 4.50% 10/18 #B12459
 
38,115

 
40,173

 
FHLG
 
15YR 4.50% 4/19 #B13051
 
36,741

 
38,794

 
FHLG
 
15YR 4.50% 6/19 #B14961
 
106,537

 
112,757

 
FHLM AR
 
12M+187.9 10/42#849255
 
422,270

 
443,993

 
FHLG
 
15YR 2.5% 09/22#J20415
 
157,506

 
161,887

 
FHLB
 
0.875% 05/24/17
 
565,000

 
564,169

 
FHLB
 
0.5% 09/28/16
 
6,745,000

 
6,728,960

 
FHLB
 
0.62% 11/23/16
 
2,270,000

 
2,268,005

 
FHLG
 
6.50% 9/23 #Z40030
 
3,224,113

 
3,613,469

 
FHLG
 
6.50% 5/24 #Z40034
 
3,424,520

 
3,844,231

 
FHLG
 
5.50% 5/34 #Z40042
 
1,073,856

 
1,206,527

 
FHLG
 
6.50% 8/21 #C90473
 
339,529

 
376,897

 
FHR
 
2344 ZJ 6.5 8/31
 
8,228

 
9,550

 
FHR
 
2420 MZ 6.5% 2/32
 
711,541

 
824,496

 
FHR
 
2399 OH 6.5 1/32
 
72,472

 
84,105

 
FHR
 
2425 OB 6 3/17
 
22,533

 
23,476

 
FHR
 
1584 L 6.5 9/23
 
109,644

 
122,802

 
FHR
 
1577 PK 6.5 9/23
 
38,784

 
42,620

 
FHR
 
1617 PM 6.5 11/23
 
88,422

 
99,208

 
FHR
 
1837 Z 6.5 4/26
 
69,355

 
77,923

 
FHR
 
1835 D 6 4/26
 
86,670

 
93,825

 
FHR
 
2068 B 10% 11/22
 
16,197

 
18,386

 
FHR
 
2075 PH 6.5 8/28
 
64,812

 
72,201

 
FHR
 
2208 PG 7% 1/30
 
115,175

 
133,778

 
FHR
 
2262 Z 7.5% 10/30
 
56,153

 
66,848

 
FHR
 
2363 PF 6% 9/16
 
12,760

 
13,132

 
FHR
 
2356 GD 6% 9/16
 
11,762

 
12,180

 
FHR
 
2355 BP 6 9/16
 
14,333

 
14,804

 
FNR
 
1992-205 Z 7 11/22
 
109,503

 
123,036

 
FNR
 
G93-3 K 7% 2/23
 
46,586

 
52,309

 
FNR
 
1993-250 Z 7 12/23
 
46,834

 
47,292

 
FNR
 
1994-40 Z 6.5 3/24
 
247,876

 
270,373

 
FNR
 
1997-46 PL 6% 7/27
 
332,313

 
367,178

 
FNR
 
2001-7 PF 7% 3/31
 
5,836

 
6,816

 
FNMA
 
.875% 2/8/18
 
2,019,000

 
1,996,036

 
FNMA
 
0.875% 05/21/18
 
1,370,000

 
1,347,340


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
 
FNMA
 
1.875% 09/18/18
 
3,531,000

 
3,588,672

 
FNMA
 
1.625% 11/27/18
 
8,567,000

 
8,627,980

 
FNMA
 
1.875% 2/19/19
 
745,000

 
756,305

 
FNMA
 
1.75% 06/20/19
 
7,870,000

 
7,908,783

 
FNMA
 
1.75% 11/26/19
 
8,240,000

 
8,244,557

 
FNR
 
2011-88 AB 2.5% 9/26
 
146,178

 
149,618

 
FNR
 
2012-15 FP 1ML+38 6/40
 
579,917

 
582,514

 
FNR
 
2012-94 E 3% 6/22
 
680,770

 
703,679

 
FNR
 
2013-9 FA 1ML+35 03/42
 
808,264

 
811,998

 
FNR
 
2013-16 GP 3% 03/33
 
1,333,694

 
1,382,592

 
FNR
 
2013-72 KE 3.5% 02/43
 
2,501,730

 
2,634,364

 
FNA
 
2014-M9 AB2 3.055% 07/24
 
3,760,000

 
3,828,981

 
FNMA
 
20YR 6.50% 7/18 #251825
 
56,595

 
60,615

 
FNMA
 
20YR 6.50% 11/18 #252104
 
53,802

 
57,951

 
FNMA
 
20YR 6.50% 3/19 #252348
 
38,302

 
41,474

 
FNMA
 
15YR 5.50% 4/18 #254686
 
111,060

 
117,262

 
FNMA
 
20YR 5.00% 5/23 #254762
 
279,617

 
308,739

 
FNMA
 
20YR 5.50% 6/23 #254764
 
184,042

 
205,661

 
FNMA
 
5.50% 6/33 #254767
 
1,234,203

 
1,387,148

 
FNMA
 
20YR 6.00% 9/21 #253999
 
36,519

 
41,324

 
FNMA
 
6.50% 10/21 #254044
 
5,484

 
6,103

 
FNMA
 
15YR 7.00% 5/17 #254353
 
8,042

 
8,435

 
FNMA
 
20YR 6.00% 11/22 #254544
 
51,844

 
58,666

 
FNMA
 
20YR 5.00% 3/25 #255667
 
799,198

 
882,433

 
FNMA
 
20YR 5.50% 9/23 #254916
 
303,997

 
339,706

 
FNMA
 
15YR 4.00% 9/18 #254919
 
66,948

 
70,991

 
FNMA
 
15YR 4.50% 11/18 #254952
 
826,975

 
871,398

 
FNMA
 
15YR 4.50% 12/18 #255031
 
815,825

 
859,647

 
FNMA
 
5.00% 8/25 #255810
 
828,784

 
915,100

 
FNMA
 
6.00% 7/27 #256803
 
371,376

 
420,387

 
FNMA
 
20YR 6.00% 10/27 #256928
 
236,791

 
268,316

 
FNMA
 
20YR 6.00% 1/28 #257048
 
178,217

 
202,106

 
FNMA
 
6.00% 2/28 #257076
 
182,927

 
207,396

 
FNMA
 
5.50% 11/34 #310105
 
762,246

 
856,518

 
FHR
 
3728 EA 3.5% 9/20
 
880,835

 
888,932

 
FHR
 
3763 QA 4% 4/34
 
242,604

 
253,961

 
FHR
 
3803 EN 3.5% 2/24
 
2,252,174

 
2,384,483

 
FHR
 
3820 DA 4% 11/35
 
255,502

 
272,126

 
FHR
 
2011-3844 PJ 5% 01/40
 
1,173,833

 
1,264,476

 
FHR
 
2011-3893 MV 4% 04/33
 
2,066,101

 
2,088,578


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
 
2011-3938 BE 2% 10/21
 
500,234

 
508,411

 
FHR
 
3943 EF 1ML+25 2/26
 
310,918

 
311,450

 
FHR
 
2012-4026 HA 3.5% 12/39
 
4,527,874

 
4,756,206

 
FHR
 
2012-4049 CA 3% 05/27
 
1,779,159

 
1,844,518

 
FHR
 
4046 LA 3% 11/2026
 
1,343,639

 
1,396,700

 
FHR Ser
 
4221 CLS GA 1.4% 7/23
 
1,003,987

 
1,000,928

 
FHR
 
2013-4281 BA 1.25% 11/33
 
3,475,444

 
3,480,915

 
FHLMC
 
2.375% 1/13/22
 
3,645,000

 
3,682,522

 
FHLMC
 
1.25% 5/12/17
 
272,000

 
274,087

 
FHLMC
 
1% 9/29/17
 
2,658,000

 
2,652,596

 
FHLMC
 
.75% 1/12/18
 
5,271,000

 
5,195,772

 
FHLMC
 
 0.875% 02/22/17
 
876,000

 
877,467

 
FHR
 
2010-3736 QB 4% 05/37
 
4,265,000

 
4,435,144

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

 
1,024,005

 
FNMA
 
15YR 8.00% 9/15 #535460
 
2,267

 
2,291

 
FNMA
 
20YR 6.50% 12/21 #545419
 
1,982

 
2,204

 
FNMA
 
6.50% 7/32 #545759
 
35,694

 
41,520

 
FNMA
 
6.50% 7/32 #545762
 
18,183

 
21,151

 
FNMA
 
15YR 6.00% 3/18 #555390
 
18,504

 
19,432

 
FNMA
 
15YR 6.50% 6/15 #555720
 
18

 
18

 
FNMA
 
15YR 6.00% 6/16 #583745
 
3,442

 
3,539

 
FNMA
 
15YR 5.50% 12/16 #611007
 
5,747

 
5,970

 
FNMA
 
15YR 5.50% 10/16 #612660
 
19,300

 
19,955

 
FNMA
 
15YR 6.50% 3/17 #627139
 
8,233

 
8,614

 
FNMA
 
15YR 5.50% 2/17 #634197
 
89,896

 
93,657

 
FNMA
 
15YR 7.00% 3/17 #636917
 
11,794

 
12,389

 
FNMA
 
15YR 7.00% 5/17 #638774
 
36,786

 
38,706

 
FNMA
 
20YR 4.50% 5/26 #AH0473
 
121,805

 
132,862

 
FNMA Arm
 
2.69% 9/41 #AH5260
 
262,869

 
274,312

 
FNMA Arm
 
3.228% 7/41#AI3469
 
72,624

 
76,306

 
FNMA Arm
 
3.01% 8/41 #AI4358
 
52,750

 
54,904

 
FNMA Arm
 
3.545% 07/41#AI6050
 
74,153

 
78,156

 
FNMA Arm
 
3.365% 10/41#AI6819
 
39,032

 
41,044

 
FNMA Arm
 
3.37% 9/41 #AI8935
 
79,286

 
84,984

 
FNMA Arm
 
09/41#AI9813
 
47,364

 
49,438

 
FNMA Arm
 
10/41#AJ3399
 
31,739

 
33,204

 
FNMA
 
15YR 5.50% 9/23 #AL0229
 
525,910

 
569,422

 
FNMA
 
15YR 5.50% 5/21 #AL0230
 
626,869

 
670,118

 
FNMA
 
5.50% 1/38 #AL0662
 
467,249

 
525,785

 
FNMA
 
15YR 3.50% 5/27 #AL1741
 
398,004

 
422,227


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 3.50% 3/27 #AL1746
 
923,334

 
982,125

 
FNMA
 
15YR 3.50% 5/27 #AL1751
 
216,310

 
229,475

 
FNMA
 
15YR 3.50% 1/26 #AL1168
 
211,458

 
224,856

 
FNMA
 
20YR 6.00% #AL1318
 
736,156

 
833,036

 
FNMA
 
20YR 5.5% 12/33 #AL4500
 
380,791

 
425,520

 
FNMA Arm
 
06/42#AO2244
 
76,894

 
79,345

 
FNMA
 
15YR 6.00% 5/17 #644987
 
22,154

 
23,230

 
FNMA
 
6.00% 4/25 #660719
 
111,879

 
125,121

 
FNMA
 
15YR 5.00% 3/18 #667792
 
42,410

 
44,538

 
FNMA
 
15YR 7.00% 7/17 #667070
 
75,934

 
80,220

 
FNMA
 
15YR 6.00% 11/17 #668811
 
10,351

 
10,870

 
FNMA
 
15YR 5.50% 11/17 #670452
 
72,039

 
75,704

 
FNMA
 
15YR 5.50% 1/18 #680143
 
8,306

 
8,739

 
FNMA
 
15YR 5.50% 2/18 #681383
 
68,034

 
71,407

 
FNR
 
2001-44 PD 7% 9/31
 
13,993

 
16,332

 
FNR
 
2001-71 MB 6 12/16
 
39,348

 
40,713

 
FNR
 
02-58 HC 5.5% 9/17
 
35,533

 
36,884

 
FHR
 
2474 NR 6.5 7/32
 
55,967

 
64,805

 
FHR
 
2484 LZ 6.5 7/32
 
101,655

 
117,660

 
FHR
 
2475 FB 1ML+100 2/32
 
392,578

 
403,899

 
FHR
 
2481 FB 1ML+100 2/32
 
395,082

 
406,476

 
FNW
 
2003-W4 2A 6.5% 10/42
 
17,350

 
19,308

 
FNR
 
2003-32 UN 4% 1/33
 
1,879,801

 
1,922,110

 
FNR
 
03-66 PA 3.5 2/33
 
471,644

 
488,368

 
FNR
 
2003-57 NK 5 6/18
 
19,913

 
20,925

 
FNR
 
2003-74 PG 4.5% 8/18
 
88,826

 
92,784

 
FHR
 
2527 TB 6% 11/32
 
32,569

 
36,302

 
FHR
 
2558 BD 5% 1/18
 
1,010,380

 
1,058,791

 
FSPC
 
T-54 2A 6% 2/43
 
102,600

 
115,959

 
FSPC
 
T-54 3A 7% 2/43
 
47,545

 
54,595

 
FHR
 
2590 BY 5% 3/18
 
1,282,444

 
1,345,371

 
FNR
 
2004-2 QL 4% 2/19
 
1,201,725

 
1,254,460

 
FNW
 
2004-W1 1A6 5.04% 11/43
 
279,762

 
285,101

 
FHR
 
2650 QN 4.5 1/33
 
67,949

 
70,001

 
FNR
 
04-33 MW 4.5% 1/30
 
19,588

 
19,803

 
FNR
 
2004-82 HJ 5.5% 9/32
 
618,446

 
634,180

 
FNR
 
2004-95 AN 5.5% 1/25
 
7

 
7

 
FNR
 
2004-91 AR 5.50% 4/33
 
2,397,539

 
2,517,851

 
FNR
 
2005-90 FC 1ML+25 10/35
 
182,372

 
183,056

 
FHR
 
2662 DG 5% 10/22
 
45,459

 
45,694


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
 
FHR
 
2672 NH 0 9/18
 
196,499

 
204,941

 
FNR
 
2005-106 UF 1ML+30 11/35
 
176,915

 
177,900

 
FHR
 
2780 JG 4.5 4/19
 
8,432

 
8,622

 
FHR
 
2810 PD 6% 6/33
 
9,042

 
9,109

 
FNR
 
2006-41 MC 5.5% 7/35
 
132,373

 
138,150

 
FHR
 
2872 JG 4.5% 10/19
 
657,964

 
693,562

 
FHR
 
3117 JF 1ML+30 2/36
 
184,951

 
185,781

 
FNR
 
2006-90 BE 6% 4/35
 
342,175

 
351,370

 
FNR
 
2007-114 A6 1ML+20 10/37
 
500,000

 
492,716

 
FNR
 
2007-77 MH 6 12/36
 
125,204

 
133,847

 
FNR
 
2008-29 BG 4.7% 12/35
 
66,412

 
68,820

 
FNR
 
2008-29 CA 4.5% 9/35
 
1,584,785

 
1,646,951

 
FNR
 
2009-10 AB 3/24
 
91,103

 
97,409

 
FHR
 
3397 FC .8613% 12/37
 
1,943,579

 
1,957,472

 
FNR
 
2011-5 PA 4% 10/25
 
59,817

 
61,639

 
FNR
 
2011-23 AB 2.75% 6/25/20
 
112,673

 
115,368

 
FNR
 
2011-40 DK 4% 11/25/37
 
508,803

 
512,062

 
FNR
 
2010-12 AY 4% 10/23
 
95,399

 
96,158

 
FHR
 
3564 JA 4 1/18
 
191,002

 
199,034

 
FNR
 
2010-31 AP 4.5% 02/40
 
1,996,757

 
2,098,355

 
FNR
 
2010-123 DL 3.5% 11/25
 
127,038

 
131,075

 
FHR
 
2010-3747 HK 2.5% 07/37
 
4,176,049

 
4,266,010

 
FHR
 
2010-3747 HM 3% 07/37
 
3,652,420

 
3,763,207

 
FHR
 
3741 HD 3% 11/15/39
 
235,103

 
242,291

 
FNR
 
2010-135 DE 2.25% 4/24
 
194,588

 
198,805

 
FNR
 
2010-143 B 3.5% 12/25
 
222,289

 
230,500

 
FHR
 
3636 KE 5% 12/36
 
20,708

 
20,741

 
FNMA
 
15YR 4.00% 9/18 #682450
 
14,306

 
15,170

 
FNMA
 
8.00% 6/27 #695533
 
12,005

 
14,313

 
FNMA
 
6.00% 3/33 #695584
 
15,841

 
18,127

 
FNMA
 
15YR 4.50% 5/18 #697602
 
68,254

 
71,776

 
FNMA
 
15YR 5.00% 5/18 #707298
 
440,129

 
463,706

 
FNMA
 
15YR 5.00% 6/18 #709848
 
52,962

 
55,833

 
FNMA
 
15YR 5.00% 6/18 #709877
 
47,737

 
50,288

 
FNMA
 
15YR 4.50% 6/18 #710238
 
33,815

 
35,560

 
FNMA
 
15YR 4.50% 7/18 #720393
 
73,494

 
77,287

 
FNMA
 
15YR 4.50% 5/19 #725445
 
30,300

 
32,008

 
FNMA
 
15YR 4.50% 4/19 #725352
 
236,581

 
249,918

 
FNMA
 
15YR 5.50% 4/19 #725528
 
71,006

 
75,304

 
FNMA
 
15YR 5.50% 9/19 #725793
 
13,820

 
14,717


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 5.50% 9/19 #725796
 
19,359

 
20,750

 
FNMA
 
15YR 4.00% 7/18 #726128
 
24,819

 
26,318

 
FNMA
 
15YR 4.50% 8/18 #727466
 
45,719

 
48,078

 
FNMA
 
15YR 4.50% 8/18 #733772
 
138,540

 
145,850

 
FNMA
 
15YR 4.50% 12/19 #735290
 
55,930

 
59,173

 
FNMA
 
6.50% 11/22 #735137
 
149,323

 
163,471

 
FNMA
 
6.50% 12/32 #735415
 
18,284

 
21,262

 
FNMA
 
15YR 5.50% 3/20 #735521
 
26,780

 
28,574

 
FNMA
 
15YR 4.00% 12/18 #735522
 
235,151

 
249,353

 
FNMA
 
15YR 4.50% 10/20 #735926
 
10,702

 
11,423

 
FNMA
 
15YR 5.00% 11/18 #740462
 
37,926

 
40,056

 
FNMA
 
15YR 4.50% 3/19 #742078
 
129,630

 
137,040

 
FNMA
 
6.50% 7/35 #745092
 
19,265

 
22,376

 
FNMA
 
20YR 6.00% 4/24 #745407
 
109,652

 
124,083

 
FNMA
 
15YR 5.00% 11/18 #749596
 
116,230

 
122,874

 
FNMA
 
6.00% 9/33 #752786
 
25,925

 
28,683

 
FNMA
 
15YR 4.50% 3/19 #758528
 
122,167

 
129,068

 
FNMA
 
15YR 5.00% 4/19 #761326
 
85,866

 
91,006

 
FNMA
 
15YR 4.00% 6/19 #773153
 
72,021

 
76,370

 
FNMA
 
15YR 4.00% 7/19 #773445
 
150,283

 
159,360

 
FNMA
 
15YR 4.50% 4/19 #774267
 
40,002

 
42,321

 
FNMA
 
15YR 4.50% 4/19 #775768
 
69,333

 
73,563

 
FNMA
 
15YR 4.50% 5/19 #780233
 
224,801

 
237,268

 
FNMA
 
15YR 4.50% 7/19 #788390
 
8,162

 
8,642

 
FNMA
 
15YR 5.50% 10/19 #795064
 
18,403

 
19,777

 
FNMA
 
15YR 4.50% 10/19 #796680
 
226,955

 
241,145

 
FNMA
 
15YR 5.00% 12/19 #803919
 
181,189

 
193,202

 
FNMA
 
15YR 4.50% 2/20 #809744
 
6,257

 
6,666

 
FNMA
 
15YR 4.50% 11/20 #813915
 
10,020

 
10,721

 
FNMA
 
15YR 4.50% 10/20 #836381
 
35,568

 
38,056

 
FNMA
 
15YR 4.50% 7/21 #845515
 
6,709

 
7,212

 
FNMA
 
15YR 4.50% 1/21 #852735
 
1,268

 
1,358

 
FNMA
 
20YRS 6.00% 4/27 #888281
 
239,199

 
270,977

 
FNMA
 
6.50% 8/36 #888034
 
26,171

 
30,427

 
FNMA
 
15YR 5.00% 12/21 #888436
 
455,210

 
485,412

 
FNMA
 
4.50% 6/37 #888485
 
254,172

 
277,563

 
FNMA
 
6.50% 8/36 #888544
 
98,203

 
113,887

 
FNMA
 
15YR 5.00% 12/18 #888681
 
283,593

 
298,755

 
FNMA
 
15YR 4.50% 12/18 #888889
 
318,707

 
335,153

 
FNMA
 
7.50% 11/37 #888892
 
235,318

 
274,344


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 6.50% 1/23 #889111
 
392,520

 
434,795

 
FNMA
 
15YR 4.50% 3/21 #890081
 
420,787

 
444,500

 
FNMA
 
15YR 4.50% 11/19 #889395
 
3,836

 
4,055

 
FNMA
 
15YR 6.00% 2/23 #889634
 
591,818

 
648,539

 
FNMA
 
5.50% 2/37 #904918
 
167,443

 
186,275

 
FNMA
 
7.00% 12/36 #907742
 
31,657

 
35,319

 
FNMA
 
20 YR 5.50% 1/24 #925847
 
495,238

 
553,411

 
FNMA
 
20YR 6% 11/27#928866
 
517,092

 
586,639

 
FNMA
 
15YR 4.50% 7/21 #932885
 
424,337

 
451,193

 
FNMA
 
15YR 6.00% 6/22 #944357
 
196,358

 
215,371

 
FNMA
 
20YR 5.50% 7/27 #986156
 
497,837

 
556,316

 
FNMA
 
7.50% 11/38 #995504
 
173,493

 
201,459

 
FNMA
 
15YR 4.50% 12/20 #995320
 
1,014,020

 
1,078,887

 
FNMA
 
15YR 5.00% 12/20 #995324
 
670,172

 
716,598

 
FNMA
 
15YR 6.00% 1/24 #995425
 
360,280

 
396,142

 
FNMA
 
15YR 4.50% 12/20 #995465
 
172,452

 
184,182

 
FNMA
 
15YR 6.50% 2/24 #995658
 
104,486

 
116,376

 
FNMA
 
8.00% 11/37 #995783
 
32,672

 
37,319

 
FNMA
 
20 YR 5.00% 1/25 #995884
 
228,418

 
252,207

 
FNMA
 
10YR 2.5% 10/22#AB6544
 
214,697

 
220,937

 
FNMA
 
10YR 2.5% 10/22#AB6730
 
170,821

 
175,786

 
FNMA
 
10YR 2.5% 05/23 #MA1431
 
476,013

 
489,848

 
FNMA
 
20YR 5.% 8/26 #AD0787
 
755,308

 
833,972

 
FNMA
 
10YR 6.50% 12/37 #AD0070
 
204,546

 
230,753

 
FNMA
 
6.50% 9/28 #AD0329
 
190,921

 
216,815

 
FNMA
 
6.50% 12/35 #AD0723
 
108,497

 
126,128

 
FNMA
 
20YR 5.50% 4/29 #AD0912
 
259,951

 
290,486

 
FNMA
 
15YR 5.50% 3/24 #AE0467
 
129,535

 
141,494

 
FNMA
 
15YR 6.00% 3/24 #AE0745
 
267,601

 
293,248

 
FNMA
 
6.50% 8/36 #AE0746
 
84,099

 
95,793

 
FNMA Arm
 
11/40#AE6806
 
42,565

 
44,648

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

 
1,178,550

 
Fifth Thrd Banc
 
1.45% 02/28/18
 
2,620,000

 
2,590,832

 
Fifth Third Ban
 
2.375% 4/25/19
 
250,000

 
251,138

 
Fitat Auto
 
14-3 A3 .96% 03/19
 
1,370,000

 
1,364,401

 
FICO
 
5/11/18
 
440,000

 
418,376

 
FICO Prin
 
0% 10/06/17
 
1,490,000

 
1,437,458

 
FICO
 
10/6/17
 
2,035,000

 
1,967,558

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

 
1,729,478

 
Fordo
 
2012-B A3 0.72% 12/15/16
 
337,636

 
337,809


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
 
Fordo
 
2013-C A2 0.55% 4/16
 
261,310

 
261,311

 
Fordl
 
2014-A A3 .68% 04/17
 
432,000

 
431,608

 
Fordo
 
2014-C A3 1.06% 05/19
 
2,060,000

 
2,054,051

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

 
1,565,071

 
Ford Mtr Cr
 
2.875% 10/01/18
 
1,500,000

 
1,526,318

 
Ford Mtr Cr Llc
 
2.375% 1/16/18
 
1,680,000

 
1,689,736

 
Forest Labs
 
4.875 2/15/21 144A
 
840,000

 
900,664

 
Freeport Mcmor
 
4% 11/21
 
1,475,000

 
1,461,433

 
GEMNT
 
2012-5 A 0.95% 6/15/18
 
1,163,000

 
1,164,862

 
GMACC
 
2004-C2 A4 5.301% 8/38
 
3,247

 
3,252

 
GMACC
 
2006-C1 A4 5.238% 1/45
 
2,498,340

 
2,542,556

 
GSMS
 
2012-GC6 A1 1.282% 1/45
 
57,058

 
57,262

 
GSMS
 
2013-GC10 A1 .696% 2/46
 
45,221

 
45,049

 
GSMS
 
2013-GC10 A2 1.84% 2/46
 
170,000

 
170,234

 
GSMS
 
2013-GC12 A1 VAR 06/46
 
256,236

 
254,032

 
GNMA
 
15YR 6.50% 5/17 #569432
 
44,857

 
46,989

 
GNMA
 
20YR 6.50% 4/23 #593677
 
19,786

 
22,195

 
GNII II
 
6.50% 9/29 #002808
 
316,790

 
365,473

 
GNII II
 
5.50% 7/38 #004187
 
46,952

 
50,792

 
GNII II
 
6.00% 11/38 #004285
 
82,432

 
91,083

 
GNMA
 
7.00% 8/28 #416611
 
28,920

 
33,622

 
GNMA
 
7.00% 8/28 #458917
 
6,968

 
8,084

 
GNMA
 
7.00% 7/28 #462643
 
101,627

 
118,550

 
GNMA
 
7.00% 2/28 #462548
 
1,995

 
2,300

 
GNMA
 
7.00% 10/28 #481353
 
104,226

 
121,830

 
GNMA
 
4.50% 3/41 #738108
 
2,643,508

 
2,920,660

 
GNMA
 
15YR 7.00% 2/15 #515099
 
413

 
412

 
GNMA
 
6.50% 1/23 #530795
 
129,444

 
145,205

 
GNMA
 
7.00% 5/32 #552576
 
19,768

 
23,250

 
GNMA
 
8.00% 11/29 #186997
 
4,000

 
4,747

 
GNMA
 
15YR 4.50% 12/18 #781681
 
245,259

 
257,855

 
GNMA
 
15YR 8.00% 1/16 #781570
 
726

 
738

 
GSMS
 
2006-GG6 A4 CSTR 4/38
 
504,000

 
517,186

 
GSMS
 
2006-GG6 A1A CSTR 4/38
 
381,532

 
395,670

 
GNMA
 
30YR 5.5% 11/35#783799
 
306,805

 
348,660

 
GNMA
 
30YR 5.5% 06/35#783800
 
148,174

 
168,628

 
GSMS
 
2006-GG8 A4 CSTR 11/39
 
2,476,178

 
2,621,441

 
GSMS
 
2006-GG8 A1A 5.547 11/39
 
395,535

 
421,131

 
GNMA
 
15YR 6.50% 6/20 #641437
 
55,612

 
60,773

 
GECMC
 
2006-C1 A4 CSTR 3/44
 
3,441,188

 
3,526,230


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
 
GECMC
 
2006-C1 A1A CSTR 3/44
 
401,182

 
417,009

 
General Elec Co
 
3.375% 3/11/24
 
786,000

 
811,976

 
Gecap
 
5.3% 2/11/21
 
1,640,000

 
1,872,859

 
Gecap
 
5.625% 5/01/18
 
495,000

 
556,990

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

 
434,690

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

 
180,341

 
General Elec Cap
 
2.3% 4/27/17
 
160,000

 
163,890

 
General Elec Cap
 
1.6% 11/20/17
 
250,000

 
251,555

 
General Elec Cap
 
3.1% 1/9/23
 
2,265,000

 
2,293,301

 
General Elec Cap Co
 
1.625 4/18
 
710,000

 
711,086

 
General Ele Cap Cr
 
1.5 7/12/16
 
475,000

 
480,025

 
General Elec Cap
 
2.3% 1/14/19
 
700,000

 
711,171

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

 
2,335,399

 
Goldman Sachs Glb
 
7.5% 2/15/19
 
163,000

 
193,882

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

 
1,123,950

 
Goldman Sach Frn
 
3ML+110 11/18
 
170,000

 
171,666

 
Goldman Sach Grp
 
3.85% 07/08/24
 
740,000

 
758,943

 
Goldman Sachs
 
5.35% 1/15/16
 
2,359,000

 
2,462,051

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

 
1,287,184

 
Goldman Sachs
 
5.95% 1/18/18
 
665,000

 
738,794

 
Gsinc
 
5.25% 7/27/21
 
2,420,000

 
2,731,362

 
Goldman sachs gp
 
5.75% 1/24/22
 
1,580,000

 
1,827,723

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

 
302,451

 
Gsinc
 
2.375% 1/22/18
 
4,480,000

 
4,525,244

 
Goldman sachs gp
 
2.625% 1/19
 
1,060,000

 
1,066,472

 
Gsinc
 
2.9% 07/19/18
 
680,000

 
697,598

 
GNR
 
2009-65 GL 4.5% 05/38
 
1,055,833

 
1,119,314

 
GNR
 
2002-33 ZD 6% 5/32
 
671,143

 
762,975

 
GNR
 
2009-45 PB 4.5% 7/33
 
143,840

 
144,738

 
GNR
 
2008-47 PC 5% 11/16/37
 
2,203,508

 
2,377,986

 
GNR
 
2009-79 PC 4.5% 08/36
 
3,000,000

 
3,170,973

 
GNR
 
2009-93 PB 3% 12/38
 
160,918

 
164,846

 
GNR
 
2009-127 PL 4.25% 10/38
 
1,057,844

 
1,118,768

 
GNR
 
2010-47 CN 4.5% 8/38
 
775,846

 
820,953

 
GNR
 
2010-99 PT 3.5% 8/33
 
9,887

 
9,891

 
GNR
 
2010-61 HD 3.5% 11/38
 
2,156,796

 
2,250,634

 
GNR
 
2010-73 CB 4.40% 8/35
 
2,186,003

 
2,341,335

 
GNR
 
2010-73 GA 4.5% 9/36
 
2,116,607

 
2,286,637

 
GNR
 
2010-68 LA 4.5% 3/38
 
2,145,469

 
2,265,090

 
GNR
 
2010-112 PM 3.25% 9/33
 
8,414

 
8,418


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
 
GNR
 
2010-120 FB 1ML+30 9/35
 
160,457

 
160,746

 
GNR
 
2010-162 PQ 4.5% 06/39
 
746,124

 
799,938

 
GNR
 
2011-66 NJ 3% 11/38
 
1,144,900

 
1,176,533

 
CFGNR
 
2011-150 D 3% 4/37
 
41,268

 
41,907

 
GNR
 
2012-113 FJ 1ML+25 1/42
 
308,820

 
308,901

 
GNR
 
13-41 PA 2.5% 04/40
 
526,473

 
539,593

 
GNR
 
2000-9 ZJ 8.5 2/30
 
106,399

 
126,122

 
SSBK Stif Fund
 
0
 
9,197,938

 
9,197,938

 
HCP Inc
 
6.7 1/30/18
 
2,060,000

 
2,345,990

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

 
406,943

 
HSBC Hldngs Plc
 
4.875% 1/22
 
675,000

 
752,388

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

 
375,548

 
HSBC USA Inc
 
2.625% 09/24/18
 
1,848,000

 
1,895,453

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

 
408,101

 
HSBC USA Inc
 
2.25% 06/23/19
 
659,000

 
657,992

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

 
358,650

 
Hartford Finl Svcs
 
5.125% 4/22
 
570,000

 
640,730

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

 
218,748

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

 
1,110,541

 
Hewlett Packard
 
2.75% 1/14/19
 
1,000,000

 
1,001,278

 
Harot
 
2013-3 A3 0.77% 05/17
 
2,600,000

 
2,602,239

 
Harot
 
2012-1 A3 0.77% 1/16
 
176,555

 
176,635

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

 
131,211

 
Harot
 
2014-4 A3 0.99% 09/18
 
2,485,000

 
2,478,922

 
HSBC Bank
 
3.1% 5/24/16 144A
 
880,000

 
908,785

 
HSBC
 
1.5% 05/15/18 144A
 
930,000

 
919,940

 
HSBC Bank
 
3ML+64 5/18 144A
 
2,140,000

 
2,148,547

 
Hunt
 
2012-1 A3 0.81% 9/16
 
98,481

 
98,547

 
Huntington Banc
 
2.6% 8/02/18
 
1,225,000

 
1,239,891

 
Hart
 
2013-C A3 1.01% 02/18
 
4,200,000

 
4,212,075

 
Hart
 
2014-A A2 .74% 01/17
 
192,601

 
192,557

 
Hart
 
2014-B A3 .90% 12/18
 
3,800,000

 
3,789,782

 
Hyundai Cap
 
1.875% 8/9/16 144A
 
119,000

 
119,854

 
Hyundai Cap Ame
 
2.55 2/19 144A
 
890,000

 
890,122

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

 
2,156,429

 
Ingsll-Rand Glb
 
2.875% 1/15/19
 
160,000

 
162,524

 
Intercont Exch
 
2.5% 10/15/18
 
318,000

 
323,794

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

 
2,454,732

 
Intesa Sanpaolo Spa
 
3.12% 1/16
 
950,000

 
965,169

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

 
718,058


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

 
2,203,955

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

 
1,540,834

 
JPMorgan Chase
 
3.2% 1/25/23
 
1,000,000

 
1,000,422

 
JPMC Co
 
2.35% 01/28/19
 
820,000

 
825,350

 
JPMC Co
 
3.625% 05/13/24
 
1,340,000

 
1,371,628

 
JPMCC
 
06-CB14 A4 CSTR 12/44
 
2,600,429

 
2,658,702

 
JPMCC
 
2006-LDP7 A4 CSTR 4/45
 
532,000

 
555,498

 
JPMCC
 
2006-LDP7 A1A CSTR 4/45
 
852,696

 
901,112

 
JPMCC
 
2006-CB16 A1A 5.546 5/45
 
1,440,894

 
1,526,071

 
JPMCC
 
2007-LD11 A2 CSTR 6/49
 
5,821

 
5,809

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

 
427,766

 
JPMCC
 
2013-C10 .7302% 12/15/47
 
198,194

 
196,580

 
JPM T
 
13-C16 A2 3.07% 12/46
 
3,500,000

 
3,621,525

 
Jefferies Grp
 
6.875 4/15/21
 
985,000

 
1,119,709

 
JPMC Co
 
2.2% 10/22/19
 
2,285,000

 
2,265,296

 
US 5YR Note(Cbt)
 
FUT MAR15 FVH5
 
(242
)
 
(37,813
)
 
US 2YR Note
 
FUT MAR15 TUH5
 
564

 
26,438

 
US 10YRNT (Cbt
 
FUT MAR15 TYH5
 
(281
)
 
(61,469
)
 
US Long Bond
 
FUT MAR15 USH5
 
(70
)
 
(19,688
)
 
US Ultra(CBT)
 
FUT MAR15 WNH5
 
25

 
8,594

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

 
490,940

 
Keybank Natl
 
1.65% 2/1/18
 
1,384,000

 
1,378,795

 
Key Bank Na
 
2.5% 12/15/19
 
1,337,000

 
1,342,476

 
Kinder Morgan En
 
2.65 2/1/19
 
207,000

 
203,960

 
Kinder Mrgn Inc
 
2% 12/01/17
 
146,000

 
145,108

 
Kinder Morgan Ic
 
3.05% 12/1/19
 
1,258,000

 
1,247,999

 
Kfw (Ungtd)
 
2.75% 10/01/20
 
2,755,000

 
2,872,272

 
Kraft Foods
 
5.375% 02/20 WI
 
523,000

 
593,560

 
Kraft Foods Grp
 
3.5 6/22 WI
 
980,000

 
1,004,218

 
Kroger Co
 
2.3% 1/15/19
 
350,000

 
349,917

 
Kroger Co
 
3.3% 01/15/21
 
1,780,000

 
1,806,330

 
LBUBS
 
2006-C6 A4 5.372% 9/39
 
4,239,000

 
4,481,149

 
LBUBS
 
2006-C6 A1A CSTR 9/39
 
761,376

 
804,823

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

 
143,231

 
LBUBS
 
2005-C5 A4 4.954% 9/30
 
2,013,570

 
2,023,618

 
LBUBS
 
2006-C1 A4 5.156 2/31
 
2,246,459

 
2,300,758

 
Lbubs 2007-C7 A3 5.886% 9/45
 
2007-C7 A3 5.886% 9/45
 
363,003

 
398,814

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

 
424,828

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

 
1,006,138

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

 
1,566,402


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

 
547,020

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

 
2,163,595

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

 
365,550

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

 
528,388

 
Lyondellbas Inds
 
5% 4/15/19
 
2,000,000

 
2,181,528

 
Manu&Trd Nt Prg 2.3% 1/30/19
 
 2.3% 1/30/19
 
450,000

 
451,946

 
MLCFC
 
2006-4 A3 CSTR 12/49
 
1,985,432

 
2,101,582

 
MLCFC
 
2007-7 ASB 5.745% 6/50
 
384,094

 
386,451

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

 
401,627

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

 
280,630

 
Manitoba (Prov)
 
1.125% 6/1/18
 
730,000

 
721,969

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

 
1,542,986

 
Marshmclen
 
2.55% 10/15/18
 
471,000

 
478,963

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

 
2,504,728

 
Martin Mariet Frn
 
3ML+110 6/17
 
630,000

 
636,907

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

 
1,122,736

 
Massmutual Glbl
 
2% 4/5/17 144A
 
890,000

 
902,593

 
Massmutual Gbl
 
2.1 8/2/18 144A
 
750,000

 
757,072

 
Massmutual Glb
 
2.35% 4/19 144A
 
890,000

 
895,527

 
Mastercard Inc
 
2% 04/01/19
 
247,000

 
245,641

 
Mckesson Co
 
2.284% 03/15/2019
 
614,000

 
612,718

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

 
469,912

 
Medtronic Plc
 
2.5% 03/20 144A
 
790,000

 
792,072

 
Medtronic Plc
 
3.5%3/15/25 144A
 
5,515,000

 
5,641,680

 
MBALT
 
2014-A A3 .68% 12/16
 
660,000

 
659,969

 
MBALT
 
2013-1 A2 .5% 03/16
 
622,639

 
622,697

 
Merrill Lyn Co
 
6.4% 8/28/17
 
161,000

 
179,393

 
Merrill Lyn
 
6.875% 4/25/18
 
342,000

 
392,814

 
MLMT
 
05-CIP1 A4 5.047% 7/38
 
3,270,000

 
3,297,772

 
MLMT
 
05-CKI1 A1A CSTR 11/37
 
203,187

 
208,717

 
MLMT
 
2005-CKI1 A6 CSTR 11/37
 
1,977,625

 
2,015,166

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

 
1,035,438

 
MLMT
 
2006-C2 A1A CSTR 8/43
 
656,948

 
695,033

 
MLMT
 
2006-C1 A4 CSTR 5/39
 
2,940,000

 
3,066,890

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

 
3,029,433

 
Metlife Inc
 
6.75% 6/1/16
 
117,000

 
126,164

 
Metlife Inc Step
 
12/15/2017
 
184,000

 
184,621

 
Met Life Glbl
 
1.5 1/18 144A
 
2,190,000

 
2,176,354

 
Met Life Glb
 
2.3% 4/10/19 144A
 
2,980,000

 
2,991,276

 
Microsoft Corp
 
.875% 11/15/17
 
138,000

 
136,635


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
 
Mitsubishi
 
2.45% 10/16/19 144A
 
1,575,000

 
1,574,537

 
MLCFC
 
2006-2 A4 CSTR 6/46
 
4,191,504

 
4,398,443

 
MLCFC
 
2006-3 A4 CSTR 7/46
 
4,299,329

 
4,528,758

 
Mizuho Corp Bk
 
1.55% 10/17 144A
 
1,140,000

 
1,129,289

 
Mizuho Bk Ltd
 
2.45 4/19 144A
 
1,835,000

 
1,823,061

 
Monsanto Co
 
 2.75% 7/15/21
 
1,780,000

 
1,774,311

 
MSBAM
 
2014-C14 A2 2.916% 1/47
 
750,000

 
773,278

 
Morgan Stanley
 
2.125% 4/25/18
 
360,000

 
360,239

 
Morgan Stanley
 
5.45% 1/09/17
 
650,000

 
698,352

 
MSC
 
2005-HQ7 A4 CSTR 11/42
 
2,660,558

 
2,702,507

 
MSC
 
2006-HQ8 A4 CSTR 3/44
 
4,530,271

 
4,643,981

 
MSC
 
2006-IQ11 A1A CSTR 10/42
 
762,771

 
798,071

 
Morgan Stanley
 
3.75% 2/25/23
 
1,410,000

 
1,446,408

 
Morgan Stanley
 
2.5% 01/24/19
 
1,330,000

 
1,331,206

 
Morgan Stanley
 
3.875% 4/29/24
 
3,000,000

 
3,078,108

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

 
3,524,210

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

 
1,095,160

 
Morgan Stanley Glb
 
6% 4/28/15
 
1,440,000

 
1,463,378

 
Morgan Stanle Mtn
 
5.5% 1/26/20
 
1,360,000

 
1,530,175

 
MSC
 
2006-HQ9 A4 CSTR 7/44
 
535,595

 
562,261

 
MSC
 
2007-HQ11 A31 CSTR 2/44
 
387,397

 
389,734

 
MSC
 
2007-IQ13 A1A 5.312% 3/44
 
260,946

 
279,628

 
MSC
 
2007-T27 A1A CSTR 6/42
 
787,733

 
852,892

 
MSC
 
2011-C3 A3 4.054% 7/49
 
59,000

 
62,681

 
MSBAM
 
2012-C5 A1 .916% 8/45
 
259,626

 
259,459

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

 
717,795

 
Morgan Stanley
 
1.875% 01/05/18
 
350,000

 
349,151

 
Mosaic Co New
 
4.25% 11/15/23
 
2,275,000

 
2,400,569

 
Mylan Inc
 
1.8% 6/24/16
 
325,000

 
327,035

 
Nyse Euronext
 
2% 10/05/17
 
950,000

 
958,165

 
Nabors Ind Mtn
 
6.15% 2/15/18
 
925,000

 
963,449

 
Nabors Ind Inc
 
4.625% 9/15/21
 
1,000,000

 
939,542

 
Natl Aust Bk
 
3.75% 3/02/15 144A
 
1,085,000

 
1,090,399

 
Natl Aust Bk
 
2.25% 07/19 144A
 
2,025,000

 
2,024,119

 
National Bk Can
 
1.45% 11/7/17
 
2,655,000

 
2,632,804

 
Nationwide Mtn
 
4.65% 2/15 144A
 
2,410,000

 
2,423,279

 
New York Life
 
3% 5/4/15 144A
 
94,000

 
94,823

 
NY Life Glb
 
2.45% 7/14/16 144A
 
2,000,000

 
2,047,824

 
New York Life
 
1.3% 10/17 144A
 
1,070,000

 
1,064,753

 
NY Life Glb
 
0.8% 2/12/16 144A
 
3,270,000

 
3,276,164


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
 
News Amer Inc
 
6.9% 3/1/19
 
925,000

 
1,090,716

 
Nippon Teleg&Telep
 
1.4%7/18/17
 
36,000

 
35,897

 
Narot
 
2011-B A3 0.87% 2/16
 
201,299

 
201,402

 
Nissan
 
12-A A3 ABS 0.73% 5/16
 
23,762

 
23,777

 
Narot
 
2012-A A4 1% 7/18
 
2,043,000

 
2,049,147

 
Narot
 
2013-B A2 .52% 04/16
 
451,721

 
451,754

 
Narot
 
2013-B A3 0.84% 11/17
 
685,000

 
685,658

 
Nalt
 
2014-A A3 .80% 02/17
 
481,000

 
480,678

 
Noble Enrgy Inc
 
4.15% 12/15/21
 
1,605,000

 
1,636,620

 
Noble Energy Inc
 
3.9% 11/15/24
 
460,000

 
454,640

 
Noble Hldg Intl
 
2.5% 3/15/17
 
325,000

 
310,925

 
Nomura Hldngs Inc
 
2.0% 9/13/16
 
650,000

 
655,415

 
Nomura Holdings
 
2.75% 03/19/19
 
975,000

 
985,679

 
Nordea Bk Ab
 
2.375% 4/4/19 144
 
660,000

 
665,822

 
Ndass
 
3.125 03/17 SNR
 
1,705,000

 
1,766,440

 
Nordea Bk Ag
 
.875% 5/16 144A
 
690,000

 
689,534

 
Norfolks South
 
3.25% 12/01/21
 
20,000

 
20,472

 
Novartis Cap Co
 
2.9% 4/24/15
 
1,040,000

 
1,048,068

 
Novartis Cap Crp
 
2.4% 9/21/22
 
715,000

 
708,324

 
Oneok Partners Lp
 
2% 10/01/17
 
160,000

 
159,118

 
Oneok Partners
 
3.375% 10/01/22
 
1,145,000

 
1,059,883

 
Oneok Partners
 
3.2% 09/15/18
 
535,000

 
542,237

 
Ontario Prov
 
1.875% 9/15/15
 
2,600,000

 
2,626,707

 
Oracle Corp
 
2.8% 7/8/21
 
4,725,000

 
4,783,765

 
Pg&E Corp
 
2.4% 03/01/19
 
67,000

 
67,101

 
Pnc Funding Corp
 
5.25 11/15/15
 
69,000

 
71,521

 
Pnc Funding Corp
 
5.625 2/1/17
 
20,000

 
21,586

 
Pnc Fund Corp
 
4.375% 8/11/20
 
1,200,000

 
1,309,583

 
Pnc Bk Na
 
6.875% 4/01/18
 
250,000

 
287,976

 
Pnc Bk Na Pitts
 
2.95% 01/30/23
 
1,040,000

 
1,016,278

 
Pnc Financial
 
3.8% 7/25/23
 
460,000

 
474,167

 
Pnc Bank Na
 
1.15% 11/01/16
 
450,000

 
450,722

 
Ppl Cap Fd Inc
 
3.5% 12/01/22
 
405,000

 
410,195

 
Pnc Bk Pitt Mtn
 
2.2% 01/28/19
 
450,000

 
450,237

 
Pnc Bank Na
 
2.25% 7/2/19
 
2,530,000

 
2,526,114

 
Pseg Pwr Llc
 
2.75% 9/15/16
 
315,000

 
322,905

 
Penske Trk Ls
 
3.125% 5/15 144A
 
570,000

 
574,648

 
Penske Truck
 
2.5% 3/15/16 144A
 
1,060,000

 
1,074,788

 
People's United
 
3.65% 12/06/22
 
995,000

 
1,003,045

 
People's United Bk
 
4% 7/15/24
 
405,000

 
410,221


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
 
Philip Morris
 
1.125% 8/21/17
 
210,000

 
209,130

 
Philip Mors Int
 
2.5% 8/22/22
 
1,045,000

 
1,021,202

 
Philip Mors Int
 
1.875% 1/15/19
 
450,000

 
447,270

 
Phillips
 
66 2.95% 5/1/17
 
375,000

 
387,317

 
Pt Holdings Co Inc (Unlist)
 
0
 
525

 
—

 
Pricoa Glbl F
 
1.6% 5/18 144A
 
460,000

 
453,726

 
Principal Fin
 
3.3% 9/15/22
 
460,000

 
459,866

 
Procter & Gamble
 
1.6% 11/15/18
 
834,000

 
831,939

 
Pub Svc Oklahoma
 
5.15 12/1/19
 
27,000

 
30,180

 
Realty Inc Corp
 
5.5% 11/15/15
 
1,000,000

 
1,038,243

 
RFCO Sp
 
10/15/20
 
630,000

 
556,945

 
Reynolds Amern
 
6.75% 6/15/17
 
1,000,000

 
1,114,001

 
Rio Tinto Fin Usa Ltd
 
2.5% 5/16
 
2,115,000

 
2,155,339

 
Rio Tinto Fin
 
1.625% 8/21/17
 
430,000

 
429,852

 
Roper Industries
 
1.85% 11/15/17
 
650,000

 
650,839

 
Roper Industries
 
2.05% 10/1/18
 
609,000

 
603,973

 
Royal Bk Cda Gmtn
 
2.625% 12/15
 
1,000,000

 
1,018,376

 
Royal Bk Cda
 
2.2% 7/27/18
 
500,000

 
505,550

 
Royal Bk Can Gl
 
.85% 03/08/16
 
4,920,000

 
4,922,755

 
Royal Bk Can Gl
 
1.5% 01/14/18
 
860,000

 
855,294

 
Royal Bk Canada
 
2.3% 7/20/16
 
159,000

 
162,305

 
Royal Bank Can
 
1.45% 09/09/16
 
363,000

 
365,667

 
Royal Bank Of Can
 
1.2% 1/23/17
 
497,000

 
496,664

 
Royal Bk Of Cda
 
2.15% 03/15/19
 
450,000

 
452,084

 
RBS
 
4.875% 3/16/15
 
1,000,000

 
1,007,690

 
Royal Bank Cana
 
1.2% 9/19/2017
 
177,000

 
176,002

 
Ses Gbl Amer
 
2.5% 3/19 144A
 
675,000

 
671,608

 
SLMA
 
04-6 A5 .4731% 4/20
 
36,369

 
36,312

 
SLMA
 
08-1 A2 @LIBUS3+35 10/16
 
46,772

 
46,772

 
SLMA
 
2007-6 A2 3ML+25 1/19
 
91,034

 
91,034

 
SLCLT
 
08-2 A2 @LIBUS3+45 6/17
 
1,457

 
1,457

 
SLMA
 
08-6 A2 @LIBUS3+55 10/17
 
98,240

 
98,350

 
SLMA
 
2012-7 A2 1ML+28 9/19
 
861,000

 
859,766

 
SLMA
 
2013-1 A2 1ML+25 9/19
 
1,180,000

 
1,177,592

 
Sabmiller Hl
 
2.45% 1/15/17 144
 
900,000

 
918,290

 
Sabmiller Hldg
 
2.2 8/1/18 144A
 
450,000

 
451,211

 
San Diego G&E
 
3% 8/15/21
 
500,000

 
512,575

 
Schlumberger
 
1.95% 9/16 144A
 
1,050,000

 
1,069,108

 
Siemens Fin
 
5.75% 10/17/16 144
 
200,000

 
216,236

 
Simon Property
 
6.1% 5/01/16
 
22,000

 
23,234


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
 
Simon Property
 
6.125% 5/30/18
 
130,000

 
147,952

 
Simon Property
 
2.8% 1/30/17
 
135,000

 
139,023

 
Simon Property
 
3.375% 3/15/22
 
170,000

 
175,002

 
Simon Property
 
2.2% 02/01/19
 
437,000

 
439,302

 
Skandinaviska
 
2.375 11/18 144A
 
1,505,000

 
1,522,133

 
Se Banken
 
2.375% 3/25/19 144A
 
3,075,000

 
3,094,926

 
Southwstrn Bell
 
7% 7/01/15
 
94,000

 
96,514

 
Stifel Fin 4.25% 07/18/24
 
4.25% 07/18/24
 
1,680,000

 
1,689,956

 
Stryker Corp
 
2% 9/30/16
 
1,085,000

 
1,102,720

 
Sumitomo Bkg
 
2.45% 1/10/19
 
1,235,000

 
1,240,591

 
Sumitomo Bkg 2.25% 07/11/19
 
2.25% 07/11/19
 
785,000

 
777,539

 
Suntrust
 
2.35% 11/01/18
 
2,080,000

 
2,092,777

 
Suntrust Bank Inc
 
 2.5 5/1/19
 
440,000

 
442,890

 
Svenska Ha Ab P
 
3.125% 7/12/16
 
1,080,000

 
1,115,813

 
Svenska Ha Ab P
 
2.875% 4/04/17
 
2,445,000

 
2,527,230

 
Swedbank Ab
 
2.125 9/29/17 144A
 
2,455,000

 
2,483,473

 
Swiss Re Tres
 
2.875% 12/22 144A
 
580,000

 
569,294

 
Synchrony Fin
 
3.75% 08/15/21
 
640,000

 
653,753

 
Tjx Cos Inc
 
2.75% 6/15/21
 
411,000

 
413,570

 
Thermo Fisher
 
2.4% 02/01/19
 
81,000

 
81,121

 
Thomson Reuter Crp
 
1.3 2/23/17
 
154,000

 
153,201

 
Time Warner Inc
 
3.15% 7/15/15
 
335,000

 
339,710

 
Time Warner Inc
 
4.75% 3/29/21
 
490,000

 
534,775

 
Time Warnr Inc
 
4% 1/15/22
 
15,000

 
15,679

 
Time Warner Cab
 
5.85% 5/1/17W/I
 
741,000

 
808,886

 
Time Warner Cab
 
8.75% 2/14/19
 
1,600,000

 
1,980,565

 
Toronto Domini
 
2.375% 10/19/16
 
1,735,000

 
1,775,672

 
Toronto Dom
 
1.4% 4/30/18
 
1,160,000

 
1,152,733

 
Toronto Domini
 
2.625% 09/10/18
 
1,930,000

 
1,979,030

 
Total Cap
 
3% 6/24/15
 
2,885,000

 
2,918,682

 
Total Cap
 
2.3% 3/15/16
 
55,000

 
55,993

 
Total Capital Sa
 
4.125% 1/28/21
 
1,150,000

 
1,238,119

 
Total Cap Cda L
 
1.45% 01/15/18
 
451,000

 
447,815

 
Total Capital Sa
 
1.5% 2/17/17
 
514,000

 
517,442

 
Total Cap Intl
 
2.875% 2/17/22
 
13,000

 
12,869

 
Total Cap Intl
 
1.55% 6/28/17
 
1,670,000

 
1,675,807

 
Total Cap Intl
 
2.125% 01/10/19
 
1,400,000

 
1,404,553

 
Total Cap Intl
 
2.75% 06/19/21
 
430,000

 
431,608

 
TAOT
 
2014-C A3 .93% 07/18
 
1,440,000

 
1,439,700

 
Toyota Mtr Cr
 
2.05% 1/12/17
 
32,000

 
32,599


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
 
Toyota Motor Cr
 
2% 10/24/18
 
450,000

 
454,344

 
TAOT
 
2013-B A3 1.15% 07/17
 
4,200,000

 
4,207,871

 
Travelers Cos Inc
 
5.8% 5/15/18
 
35,000

 
39,526

 
Ubs Ag Stam 2.375% 8/14/19
 
2.375% 8/14/19
 
1,885,000

 
1,884,889

 
Ubsbb
 
2012-C2 A1 1.006% 5/63
 
232,126

 
232,161

 
Ubscm
 
2012-C1 A1 1.032% 5/45
 
95,794

 
96,054

 
Ubscm
 
2012-C1 A2 2.180% 5/45
 
360,000

 
365,763

 
Ubsbb
 
2012-C4 A1 .6728% 12/45
 
177,204

 
176,232

 
Us Bank Na
 
1.1% 01/30/17
 
910,000

 
909,291

 
Ubsbb
 
2013-C6 A1 .805% 4/46
 
217,492

 
215,994

 
Union Pacific
 
4.875% 1/15/15
 
33,000

 
33,039

 
Union Pac Corp
 
5.65 5/1/17
 
18,000

 
19,593

 
Ual Pass Thru Etc
 
9.75% 1/17
 
161,890

 
179,698

 
Udr Inc Mtn
 
4.25% 6/01/18
 
402,000

 
430,153

 
United Parcel S
 
5.125% 4/1/19
 
2,100,000

 
2,359,356

 
Us Bancorp Mtn
 
1.95% 11/15/18
 
460,000

 
461,399

 
Us Bancorp Med
 
2.95% 7/15/22
 
775,000

 
763,975

 
Vende
 
1994-1 2ZB 6.5% 2/24
 
359,671

 
391,987

 
Ustbill
 
 0% 01/08/15
 
200,000

 
200,000

 
USTB
 
3% 11/15/44
 
840,000

 
882,788

 
USTN
 
1.25% 11/30/18
 
47,125,000

 
46,771,563

 
UST Notes
 
0.625% 12/15/16
 
10,532,000

 
10,525,007

 
USTN
 
1.5% 12/31/18
 
34,060,000

 
34,107,888

 
USTN
 
 .75% 01/15/17
 
1,565,000

 
1,566,100

 
USTN
 
1.5% 01/31/19
 
33,640,000

 
33,650,496

 
USTN
 
2.125% 01/31/21
 
20,510,000

 
20,804,831

 
USTN
 
.625% 02/15/17
 
11,240,000

 
11,208,393

 
USTN
 
2.25% 03/31/21
 
2,565,000

 
2,617,903

 
USTN
 
TII .125% 04/15/19
 
8,190,000

 
8,219,427

 
USTN
 
1.625% 04/30/19
 
2,992,000

 
3,001,817

 
USTN
 
0.5% 08/31/16
 
15,185,000

 
15,173,733

 
USTN
 
0.5% 09/30/16
 
1,725,000

 
1,722,507

 
USTN
 
0.875% 10/15/17
 
3,353,000

 
3,339,115

 
USTN
 
1.5% 10/31/19
 
6,365,000

 
6,323,729

 
USTN
 
.875% 11/15/17
 
10,000,000

 
9,947,660

 
USTN
 
2.25% 11/15/24
 
365,000

 
367,452

 
UST Notes
 
1.5% 11/30/19
 
1,890,000

 
1,877,598

 
USTN
 
1% 12/15/17
 
7,447,000

 
7,430,125

 
USTN
 
1.625% 12/31/19
 
1,690,000

 
1,687,492

 
USTN
 
3.5% 2/15/18
 
24,200,000

 
25,922,362


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
 
USTN
 
3.125% 5/15/19
 
7,850,000

 
8,368,226

 
USTN
 
3.25% 12/31/16
 
650,000

 
682,551

 
USTN
 
1.875% 9/30/17
 
1,835,000

 
1,876,860

 
USTN
 
2.375% 5/31/18
 
16,535,000

 
17,134,394

 
USTN
 
1.50% 8/31/18
 
16,385,000

 
16,460,518

 
USTN
 
1% 8/31/16
 
—

 
—

 
USTN
 
1.375% 9/30/18
 
16,904,000

 
16,882,870

 
USTN
 
1% 9/30/16
 
10,925,000

 
11,003,092

 
USTN
 
1% 10/31/16
 
13,989,000

 
14,087,902

 
USTN
 
.875% 11/30/16
 
49,765,000

 
49,976,899

 
USTN
 
.875% 12/31/16
 
5,970,000

 
5,990,991

 
USTN
 
.875% 1/31/17
 
48,676,000

 
48,816,722

 
USTN
 
1.375% 2/28/19
 
6,314,000

 
6,277,006

 
USTN
 
1% 3/31/17
 
745,000

 
748,143

 
USTN
 
.875% 4/30/17
 
14,022,000

 
14,036,246

 
USTN
 
.750% 6/30/17
 
970,000

 
966,060

 
USTN
 
.5% 7/31/17
 
35,755,000

 
35,341,601

 
USTN
 
.625% 8/31/17
 
1,485,000

 
1,470,266

 
USTN
 
 .625% 11/30/17
 
1,610,000

 
1,588,618

 
USTN
 
.75% 12/31/17
 
7,420,000

 
7,338,840

 
UST Notes
 
.875% 1/31/18
 
14,305,000

 
14,184,294

 
US T-Note
 
0.75% 2/28/2018
 
36,470,000

 
35,960,004

 
UST Notes
 
 0.75% 03/31/2018
 
12,170,000

 
11,979,844

 
US T Note
 
.625% 4/30/2018
 
33,755,000

 
33,066,702

 
USTN
 
1.375% 06/30/18
 
58,415,000

 
58,529,085

 
USTN
 
1.375% 07/31/18
 
8,385,000

 
8,392,203

 
USTN Notes
 
.875% 09/15/16
 
7,445,000

 
7,481,935

 
UST Notes
 
1.25% 10/31/18
 
16,415,000

 
16,307,285

 
USTN
 
.625% 11/15/16
 
4,405,000

 
4,404,313

 
USTN
 
2.25% 04/30/21
 
1,870,000

 
1,907,983

 
UST Notes
 
 0.875% 05/15/2017
 
396,000

 
396,093

 
UST Notes
 
1.5% 05/31/19
 
2,385,000

 
2,379,224

 
UST Notes
 
1.625% 06/30/2019
 
27,670,000

 
27,739,175

 
USTN
 
0.875% 7/15/17
 
5,150,000

 
5,142,357

 
USTCOUP
 
11/15/2016
 
3,030,000

 
2,993,146

 
USTCOUP
 
8/15/17
 
360,000

 
350,731

 
USTCOUP
 
11/15/2017
 
675,000

 
653,657

 
Unitedhealth Inc Mtn
 
4.7% 2/21
 
2,150,000

 
2,419,745

 
Unitedhelth Gr
 
2.875% 12/15/21
 
400,000

 
404,551

 
Ventas Rlty Lp/Cap
 
2% 2/15/18
 
320,000

 
320,308


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
 
Ventas Rlty
 
1.55% 09/26/16
 
195,000

 
195,834

 
Verizon Com
 
3.5% 11/01/21
 
995,000

 
1,017,183

 
Verizon Comm
 
1.1% 11/01/17
 
430,000

 
423,530

 
Verizon Com
 
3.65% 09/14/18
 
900,000

 
951,054

 
Verizon Comm
 
5.15% 09/15/23
 
8,360,000

 
9,231,388

 
Verizon Com
 
3.45% 03/15/21
 
2,660,000

 
2,718,629

 
Verizon Comm Inc
 
1.35% 6/9/17
 
500,000

 
497,874

 
Viacom Inc New
 
2.5% 12/15/16
 
1,970,000

 
2,013,399

 
Viacom Inc New
 
3.875% 12/15/21
 
15,000

 
15,527

 
Viacom Inc
 
2.5% 09/01/18
 
350,000

 
353,095

 
Virginia El&Pwr
 
2.95% 1/15/22
 
340,000

 
343,364

 
Vodafone Grp Plc
 
1.25% 9/26/17
 
710,000

 
701,005

 
Vodafone Grp Plc
 
1.5% 2/19/18
 
470,000

 
461,611

 
Volkswagen gr
 
2.125% 5/19 144A
 
1,165,000

 
1,158,886

 
Volkswagen
 
2.375% 3/22/17 144A
 
410,000

 
417,642

 
Volkswagen
 
2.125% 11/18 144A
 
600,000

 
598,859

 
Valet
 
2013-1 A3 .56% 8/17
 
689,707

 
689,077

 
Valet
 
2013-2 A3 0.7% 04/18
 
910,000

 
907,287

 
VWALT
 
2014-A A3 .80% 4/20/17
 
679,000

 
676,834

 
Valet
 
2014-1 A3 .91% 10/22/18
 
584,000

 
581,335

 
Valet
 
2014-2 A3 .95% 04/19
 
2,385,000

 
2,371,322

 
WFRBS
 
13-C14 A1 .836% 6/15/46
 
166,086

 
165,336

 
WFRBS
 
2013-C14 A2 2.133% 6/46
 
190,000

 
191,469

 
WFRBS
 
2011-C5 A1 1.456% 11/44
 
51,231

 
51,505

 
WFRBS
 
2012-C6 A1 1.081% 4/45
 
65,313

 
65,496

 
WFRBS
 
2012-C8 A1 .864% 8/45
 
159,602

 
159,506

 
WFRBS
 
2012-C8 A2 1.881% 8/45
 
400,000

 
403,489

 
WFRBS
 
2013-C11 A1 .799% 03/45
 
101,351

 
101,081

 
WFRBS
 
13-C13 A1 0.778% 5/45
 
155,979

 
155,328

 
WBCMT
 
05-C21 A4 5.274% 10/44
 
2,812,491

 
2,864,970

 
WBCMT
 
2004-C11 A5 5.215 1/41
 
34,400

 
34,393

 
WBCMT
 
2006-C23 A4 5.418% 1/45
 
1,879,347

 
1,927,903

 
WBCMT
 
06-C23 A1A CSTR 1/45
 
751,733

 
780,723

 
WBCMT
 
2006-C23 A5 CSTR 1/45
 
760,000

 
787,358

 
WBCMT
 
06-C24 A1A CSTR 3/45
 
665,799

 
693,903

 
Wachovia Bk Na Bn
 
6% 11/15/17
 
300,000

 
336,298

 
WBCMT
 
2006-C25 A4 CSTR 5/43
 
2,165,776

 
2,246,255

 
WBCMT
 
2006-C25 A5 CSTR 5/43
 
1,875,000

 
1,963,382

 
WBCMT
 
2006-C25 A1A CSTR 5/43
 
3,237,929

 
3,374,249

 
Wachovia Corp Mtn
 
5.75% 2/1/18
 
2,000,000

 
2,239,560


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
 
WBCMT
 
 2006-C27 A3 CSTR 7/45
 
255,125

 
267,212

 
WBCMT
 
2006-C26 A1A CSTR 6/45
 
512,214

 
542,355

 
WBCMT
 
2006-C28 A4 5.572% 10/48
 
3,510,168

 
3,709,745

 
WBCMT
 
2006-C28 A1A CSTR 10/48
 
2,599,369

 
2,748,508

 
WBCMT
 
2006-C29 A1A 5.297 11/48
 
989,351

 
1,055,233

 
WBCMT
 
2007-C31A A2 5.421% 4/47
 
44,598

 
44,568

 
Walmart
 
2.875% 4/01/15
 
2,100,000

 
2,112,104

 
Wal Mart Stores
 
1.125% 4/18
 
1,500,000

 
1,482,798

 
Wal-Mart Stores
 
3.3% 04/22/24
 
440,000

 
454,307

 
Walgreens boots
 
3.3% 11/18/21
 
1,095,000

 
1,102,618

 
Watson Pharma Inc
 
3.25% 10/1/22
 
700,000

 
681,534

 
Weatherford Int Mtn
 
5.125% 9/20
 
2,300,000

 
2,259,656

 
Wellpoint inc
 
1.875% 1/15/18
 
226,000

 
225,954

 
Wellpoint inc
 
2.3% 07/15/18
 
327,000

 
328,810

 
Wells Fargo&Com
 
3.676% 6/15/16
 
1,500,000

 
1,556,294

 
Wells Fargo
 
1.5% 01/18
 
930,000

 
924,911

 
Wells Fargo Co
 
4.125% 8/15/23
 
2,165,000

 
2,272,343

 
Wells Fargo
 
3% 01/22/21
 
844,000

 
859,859

 
Wells Fargo Bk Glb
 
4.75 2/9/15
 
315,000

 
316,260

 
WFCM
 
2013-LC12 A1 1.676% 7/46
 
664,876

 
665,148

 
Western Gas Part
 
4% 7/01/22
 
395,000

 
400,373

 
Western Union Co
 
2.875 12/17
 
682,000

 
697,353

 
Westpac Banking
 
4.2% 2/27/15
 
1,070,000

 
1,075,392

 
Westpac Banking Crp
 
2% 8/14/17
 
772,000

 
782,255

 
WPACBKG
 
1.6% 1/12/18
 
1,000,000

 
999,938

 
Westpac Banking
 
July 3, 1974
 
2,620,000

 
2,642,131

 
Westpac Bank Corp
 
1.2% 5/19/17
 
1,720,000

 
1,712,475

 
Williams Partnr
 
5.25% 3/15/20
 
1,450,000

 
1,574,016

 
Wols
 
January 3, 2013
 
840,000

 
843,086

 
WOART
 
2013-B A3 .83% 08/18
 
4,300,000

 
4,297,227

 
Wrap Contracts
 
WRAP CONTRACTS
 
—

 
158,326

 
WOART
 
January 3, 2014
 
1,820,000

 
1,809,941

 
Wrigley (Wm.) J
 
October 2, 2017
 
340,000

 
342,478

 
Wyndham Worldwide
 
2.5% 3/18
 
390,000

 
389,333

 
Xerox Corp
 
2.95% 3/15/17
 
270,000

 
277,443

 
Xerox Corp
 
2.75% 03/15/19
 
554,000

 
555,382

 
Xstrata Can Fin
 
3.6% 1/17 144A
 
2,000,000

 
2,062,456

 
Xstrata Fn Cda
 
2.45 10/17 144A
 
1,555,000

 
1,573,318

 
Xylem Inc
 
3.55% 9/20/16
 
1,175,000

 
1,221,374

 
Xylem Inc
 
4.875% 10/01/21
 
400,000

 
432,136


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
 
 
 
 
 
 
 
 
Total Investment Contracts
 
 
 
1,766,771,526

 
 
 
 
 
 
 
 
Registered Investment Companies
 
 
 
 
 

 
Fidelity Institutional Money Market – Government Portfolio
 
Money Market Fund
 
856,645,080

 
856,645,080

 
Fidelity Prime Money Market
 
Money Market Fund
 
20,170,579

 
20,170,579

 
Janus Balanced N Fund
 
Equity Based Fund
 
47,968,638

 
1,466,880,945

 
Oppenheimer Developing Markets Fund
 
Equity Based Fund
 
3,781,325

 
132,573,271

 
Pimco Total Return Institutional Fund
 
Fixed Income Based Fund
 
47,066,729

 
501,731,330

 
Principal Diversified Real Asset Fund
 
Equity Based Fund
 
1,729,745

 
20,878,025

 
T. Rowe Price Institutional Small-Cap Stock Fund
 
Equity Based Fund
 
26,812,749

 
549,125,092

 
Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares
 
Equity Based Fund
 
45,133,416

 
2,111,792,512

 
Vanguard REIT Index Inst
 
Equity Based Fund
 
6,171,413

 
109,666,007

 
Brokerage Link
 
Various
 
—

 
474,451,635

Total Registered Investment Companies
 
 
 
6,243,914,476

 
 
 
 
 
 
 
 
Common Collective Trusts
 
 
 
 
 
 
 
Harris Associates Oakmark Global Collective Fund
 
Equity Based Funds
 
19,341,763

 
287,612,009

 
Northern Trust Collective Aggregate Bond Index Fund - DC – Non-Lending
 
Fixed Income Based Funds
 
9,132,279

 
925,008,573

 
Northern Trust ACWI ex-US Fund - DC NonLending(a)
 
Equity Based Funds
 
11,567,897

 
1,121,854,639

 
Northern Trust Collective Russell 2000 Index Fund - DC - Non-Lending
 
Equity Based Funds
 
7,026,572

 
782,408,803

 
Northern Trust Collective S&P 500 Index Fund - DC - Non-Lending
 
Equity Based Funds
 
22,780,924

 
2,422,067,787

Total Common Collective Trusts
 
 
 
 
 
5,538,951,811

 
 
 
 
 
 
 
 
Raytheon Company Common Stock
 
 
 
 
 
 
 
* Raytheon Company
 
Raytheon Common Stock
 
12,905,773

 
1,396,017,465

Total Raytheon Company Common Stock
 
 
 
1,396,017,465

 
 
 
 
 
 
 
 
Total Investments
 
 
 
14,945,655,278

 
 
 
 
 
 
 
 
 
* Participant Loans
 
3.25% - 10.00%
 
 
 
229,201,216

 
 
 
 
 
 
 
 
 
Adjustment from fair value to contract value for interest in fully benefit-responsive investment contracts
 
 
 
 
 
(46,704,341
)
 
 
 
 
 
 
 
 

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
Total Investments at Contract Value Including Participant Loans
 
 
 
$
15,128,152,153

 
 
 
 
 
 
 
 
*Party in interest


46
Table of Contents



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 22, 2015            
RAYTHEON SAVINGS AND INVESTMENT PLAN
 
 
 
By:
/s/ Michael J. Wood
 
Michael J. Wood
 
Vice President, Controller and Chief Accounting Officer
 
Principal Accounting Officer



47
Table of Contents



EXHIBIT INDEX

23.1

 
Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm.
 
 
 


48