11-K 2013
Table of Contents


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK
REPURCHASE SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
S
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2013.
 
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 2013 Form 5500
Annual Report of Employee Benefit Plan
Under Employee Retirement Income Security Act of 1974
December 31, 2013 and 2012


Table of Contents
Raytheon Savings and Investment Plan
Table of Contents to Financial Statements and Supplemental Schedule
December 31, 2013 and 2012



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




1
Table of Contents


Report of Independent Registered Public Accounting Firm

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

In our opinion, the accompanying statements of net assets available for benefits and the related statement of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the Raytheon Savings and Investment Plan (the “Plan”) at December 31, 2013 and 2012, and the changes in net assets available for benefits for the year ended December 31, 2013 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

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


/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
June 12, 2014

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Table of Contents
Raytheon Savings and Investment Plan
Statements of Net Assets Available for Benefits
December 31, 2013 and 2012
 
 
2013
 
2012
Assets
 
 
 
 
Investments
 
 
 
 
At fair value (Notes 2, 3, and 4)
 
 
 
 
Investment contracts
 
$
1,959,457,179

 
$
2,002,616,020

Registered investment companies
 
6,184,832,345

 
5,576,511,926

Common collective trusts
 
4,952,633,911

 
3,600,894,907

Raytheon Company common stock
 
1,355,553,494

 
1,028,235,551

Total investments
 
14,452,476,929

 
12,208,258,404

Receivables
 
 
 
 
Receivables for securities sold
 
4,134,267

 
40,194,751

Notes receivable from participants
 
238,572,568

 
239,591,741

Accrued investment income and other receivables
 
23,231,610

 
28,685,589

Total receivables
 
265,938,445

 
308,472,081

 
 
 
 
 
Total assets
 
14,718,415,374

 
12,516,730,485

Liabilities
 
 
 
 
Due to Trustee
 
49,268,562

 
28,435,894

Payable for securities purchased
 
9,254,635

 
16,391,352

Accrued investment expenses and other payables
 
7,415,976

 
4,471,457

Total liabilities
 
65,939,173

 
49,298,703

 
 
 
 
 
Net Assets available for benefits at fair value
 
14,652,476,201

 
12,467,431,782

 
 
 
 
 
Adjustment from fair value to contract value for interest in fully
   benefit-responsive investment contracts
 
(51,326,695
)
 
(95,727,243
)
Net assets available for benefits
 
$
14,601,149,506

 
$
12,371,704,539


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


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Raytheon Savings and Investment Plan
Statement of Changes in Net Assets Available for Benefits
Year Ended December 31, 2013


 
 
2013
Additions to net assets attributable to:
 
 
 
 
 
Net appreciation of investments (Notes 2, 3 and 4)
 
$
2,269,396,428

Interest and dividends
 
232,075,476

Interest income on notes receivable from participants (Note 2)
 
8,158,485

Other revenue (Note 7)
 
1,234,099

 
 
 
Contributions and deferrals
 
 
Employee deferrals
 
618,517,000

Employer contributions
 
284,255,343

 
 
902,772,343

Total additions
 
3,413,636,831

 
 
 
Deductions from net assets attributable to:
 
 
 
 
 
Distributions to participants
 
1,380,469,499

Administrative expenses
 
9,968,036

Total deductions
 
1,390,437,535

 
 
 
Increase in net assets prior to plan mergers
 
2,023,199,296

Transfers in from affiliate benefit plans (Note 1)
 
206,245,671

Increase in net assets available for benefits
 
2,229,444,967

Net assets, beginning of year
 
12,371,704,539

Net assets, end of year
 
$
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
Notes to Financial Statements
December 31, 2013 and 2012


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 Base 401(k) Plan, amounting to $134,228,812, were merged into the Plan on January 16, 2013. Raytheon Applied Signal Technology, Inc.’s employees became eligible to participate in the Plan on that date.

Raytheon Telemus, Inc. is a wholly-owned subsidiary of the Plan Sponsor. The net assets of the Raytheon Telemus, Inc. 401(k) and Profit Sharing Plan, amounting to $11,237,498, were merged into the Plan on April 3, 2013. Raytheon Telemus, Inc.’s employees became eligible to participate in the Plan on that date.

Raytheon Technology Associates, Inc. was a wholly-owned subsidiary of the Plan Sponsor. The net assets of the Technology Associates 401(k) Profit Sharing Plan and Trust, amounting to $21,484,958, were merged into the Plan on June 11, 2013. Raytheon Technology Associates, Inc.’s employees became eligible to participate in the Plan on that date.

Raytheon Henggeler Consulting, Inc. is a wholly-owned subsidiary of the Plan Sponsor. The net assets of the Henggeler Computer Consultants, Inc. 401(k) Plan, amounting to $33,606,758, were merged into the Plan on July 1, 2013. Raytheon Henggeler Consulting, Inc.’s employees became eligible to participate in the Plan on that date.

Raytheon Teligy, Inc. is a wholly-owned subsidiary of the Plan Sponsor. The net assets of the Teligy Inc. 401(k) Profit Sharing Plan, amounting to $1,601,951, were merged into the Plan on September 10, 2013. Raytheon Teligy, Inc.'s employees became eligible to participate in the Plan on that date.

Raytheon Visual Analytics Incorporated was a wholly-owned subsidiary of the Plan Sponsor. The net assets of the Visual Analytics, Inc. Retirement Plan, amounting to $4,085,694, were merged into the Plan on October 16, 2013. Raytheon Visual Analytics Incorporated'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 $255,000 for the 2013 plan year. Employee contributions, including rollovers, are invested based on participant investment elections. For 2013, 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 $51,000 for the 2013 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 2013 may make pretax catch-up contributions up to $5,500. Effective September 1, 2011, participants may also make after tax Roth 401(k) contributions, which are aggregated with pretax contributions for purposes of the limits on contributions.

For most employees hired after December 31, 2009, for the first five consecutive years of service, the Company matches 100% of the first 3% of eligible compensation that a participant contributes to the Plan each pay period. After the first five

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2013 and 2012

consecutive years of service, the Company matches 100% of the first 4% of eligible compensation. For most employees hired before January 1, 2010, the Company matches 100% of the first 4% of eligible compensation that a participant contributes to the Plan each pay period. Matching Company contributions are made in cash and are invested based on the investment allocation elected by each participant.

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

Participants may invest contributions in increments of 1% in any combination of investment options available, subject to percentage limitations applicable to some funds. The investment options range from investments with an emphasis on preservation of capital to equity investments with an emphasis on capital gains. The underlying investments include investment contracts, registered investment companies, common collective trusts, Raytheon Company common stock, fixed income securities and other investments including a self-directed brokerage account.
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, 2013 and 2012, unallocated Plan forfeitures were $118,856 and $250,759, respectively. During 2013, the total amount of forfeitures were $2,393,117.
 
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, 2013 and 2012, 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

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2013 and 2012

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 $35,091,205 in dividends earned by the Plan, $1,059,110 was received in cash by participants who elected the cash payment option.
2. Summary of Significant Accounting Policies
Basis of Accounting
The accompanying financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Investment contracts held by a defined-contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive 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, 2013 or 2012. Delinquent participant loans are classified as distributions based upon the terms of the plan document.

Payment of Benefits
Benefits are recorded when paid.


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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2013 and 2012

Administrative Expenses
Expenses of administering the Plan such as loan processing, legal fees and other administrative fees are charged directly or indirectly to participant accounts. Those expenses of administering the Plan that are not charged to participant accounts are paid by the forfeiture account or by the Company. Expenses paid by the Company are excluded from these financial statements.

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

Raytheon Applied Signal Technology, Inc. is a wholly-owned subsidiary of the Plan Sponsor. The net assets of the Applied Signal Technology Services 401(k) Plan, amounting to approximately $28,000,000, 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.

Accounting Standards
In December 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2011-11 "Disclosures about Offsetting Assets and Liabilities." ASU 2011-11 requires disclosures to make financial statements that are prepared under U.S. GAAP more comparable to those prepared under IFRS. The new disclosure requirements mandate that entities disclose both gross and net information about instruments and transactions eligible for offset in the statement of assets and liabilities as well as instruments and transactions subject to an agreement similar to a master netting arrangement. In addition, ASU 2011-11 requires disclosure of collateral received and posted in connection with master netting agreements or similar arrangements. New disclosures are required for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Management has evaluated the impact of ASU 2011-11 on the Plan's financial statements and disclosures and has determined that further disclosure is not required.

3. Investments
The following presents investments that represent 5% or more of the Plan's net assets:
 
 
2013
 
2012
Northern Trust Collective S&P 500 Index Fund - DC - Non-Lending
 
$
2,198,159,980

 
$
1,571,114,408

Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (a)
 
1,897,894,064

 
—

Janus Balanced N Fund
 
1,429,408,350

 
1,243,948,230

Raytheon Common Stock
 
1,355,553,494

 
1,028,235,551

Northern Trust ACWI ex-US Fund - DC Non-Lending
 
1,063,520,059

 
803,966,425

Fidelity Institutional Money Market Fund - Money Market Portfolio
 
989,015,929

 
1,074,219,160

Nothern Trust Collective Russell 2000 Index Fund- DC Non-Lending (a)
 
837,236,534

 
560,821,905

Pimco Total Return Institutional Fund (b)
 
551,466,949

 
708,894,078

Hartford Capital Appreciation HLS IA (b)

 
—

 
1,490,988,672

 
 
 
 
 
(a) Investment did not represent more than 5% of the Plan's net assets in 2012.
 
 
 
 
(b) Investment did not represent more than 5% of the Plan's net assets in 2013.
 
 
 
 

During the year ended December 31, 2013 the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value as follows:
Registered investment companies
 
$
783,076,652

Common collective trusts
 
959,137,519

Raytheon Company common stock
 
527,182,257

 
 
$
2,269,396,428


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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2013 and 2012

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, 2013 and 2012.

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 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. Future contracts are valued at the last settlement price at the end of each day on the exchange upon which they are traded.

The Plan invests in common collective trusts ("CCT") which are valued at the net asset value ("NAV") of the CCT. The NAV, as provided by Fidelity Management Trust Company ("FMTC"), the Trustee, is used as an estimate of fair value. The NAV is based on the fair value of the underlying investments held by the CCT less its liabilities. The NAV is not used when it is determined to be probable that the Plan will sell the investment for an amount different than the reported NAV. Participant transactions (purchases and sales) may occur daily. Were the Plan to initiate a full redemption of the CCT, the investment adviser reserves the right to temporarily delay withdrawal from the trust in order to ensure that securities liquidations will be carried out in an orderly business manner.


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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2013 and 2012

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 12/31/2013
 
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.

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Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2013 and 2012

 
Fair Value of Investment Assets as of 12/31/2012
 
Level 1
 
Level 2
 
Level 3
 
Total
Investment contracts
 
 
 
 
 
 
 
Fixed income
 
 
 
 
 
 
 
US government and agencies
$
709,431,956

 
$
132,916,172

 
$
—

 
$
842,348,128

Corporate debt
—

 
578,160,803

 
—

 
578,160,803

Mortgage backed securities
—

 
434,444,095

 
—

 
434,444,095

Asset backed securities
—

 
107,116,914

 
—

 
107,116,914

Common collective trust
—

 
19,417,182

 
—

 
19,417,182

Other fixed income investments
—

 
19,149,783

 
—

 
19,149,783

Futures contracts
49,766

 
—

 
—

 
49,766

Wrapper
—

 
—

 
1,929,349

 
1,929,349

Total investment contracts
709,481,722

 
1,291,204,949

 
1,929,349

 
2,002,616,020

 
 
 
 
 
 
 
 
Registered investment companies
 
 
 
 
 
 
 
Target date mutual funds
7,882,815

 
—

 
—

 
7,882,815

Fixed income based mutual funds
914,564,403

 
—

 
—

 
914,564,403

Equity based mutual funds
3,460,961,609

 
—

 
—

 
3,460,961,609

Money market funds
1,193,103,099

 
—

 
—

 
1,193,103,099

Total registered investment companies
5,576,511,926

 
—

 
—

 
5,576,511,926

 
 
 
 
 
 
 
 
Common collective trusts
 
 
 
 
 
 
 
Fixed income based funds
—

 
493,715,515

 
—

 
493,715,515

Equity based funds
—

 
3,107,179,392

 
—

 
3,107,179,392

Total common collective trusts
—

 
3,600,894,907

 
—

 
3,600,894,907

 
 
 
 
 
 
 
 
Raytheon Company common stock
1,028,235,551

 
—

 
—

 
1,028,235,551

Total Investments
$
7,314,229,199

 
$
4,892,099,856

 
$
1,929,349

 
$
12,208,258,404


As of December 31, 2012, 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 Statement of Net Assets Available for Benefits.

 
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


11
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2013 and 2012

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

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

 
$
—

 
$
(1,445,991
)
 
$
—

 
$
—

 
$
—

 
$
1,929,349

Total
$
3,375,340

 
$
—

 
$
(1,445,991
)
 
$
—

 
$
—

 
$
—

 
$
1,929,349


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

5. Investment Contracts
For the plan year ended December 31, 2013 and 2012, the Plan included the Fixed Income Fund, which holds four Wrap Contracts issued by American General Life Insurance Company (formerly AIG Financial Products, Inc.), JP Morgan Chase Bank, Prudential Insurance Company of America and State Street Bank and Trust Company (collectively the “Wrap Contract Providers”).

A Synthetic GIC 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, 2013 and 2012

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, 2013 and 2012

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 $51,326,695 and $95,727,243, at December 31, 2013 and December 31, 2012 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, 2013
 
December 31, 2012
Average annual yield
2.33%
 
2.60%
Crediting interest rate
2.30%
 
2.50%
6. Future Contracts
A future contract is a contractual agreement to make or take delivery of a standardized quantity of a specified grade or type of commodity or financial instrument at a specified future date in accordance with terms specified by a regulated future exchange.

As described in Note 5, the Synthetic GICs represent individual assets placed in a trust, with ownership by the Plan. As of December 31, 2013 and 2012, the Synthetic GICs contained future contracts. The Plan uses fixed income future contracts to manage exposure to the market. Buying future contracts tends to increase the Plan's exposure to the underlying instrument. Selling futures tends to decrease the Plan's exposure to the underlying instrument held, or hedge the fair value of other fund investments.

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

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





14
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2013 and 2012

A summary of open fixed income futures is presented below as of December 31, 2013 and 2012.
 
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


 
Long Contracts
 
Short Contracts
 
2012
 
2012
 
Number of Contracts
 
Aggregate Face Value
 
Number of Contracts
 
Aggregate Face Value
 
 
 
 
 
 
 
 
US 2 Year Treasury Note
51

 
$
11,243,906

 
—

 
$
—

US 5 Year Treasury Note
231

 
28,739,648

 
—

 
—

US 10 Year Treasury Note
28

 
3,717,875

 
—

 
—

US Ultra Bond (CBT)
—

 
—

 
7

 
1,138,156

US Long Bond (CBT)
—

 
—

 
48

 
7,080,000

 
310

 
$
43,701,429

 
55

 
$
8,218,156


The average number of futures contracts held during the years ended December 31, 2013 and December 31, 2012 was 227 and 462 contracts, respectively based on a quarterly average.

7. Party-In-Interest Transactions
The Trustee of the Plan is FMTC. Certain Plan investments are shares of registered investment companies managed by affiliates of the Trustee. The Plan also pays fees to the Trustee. These transactions in addition to participant loans qualify as party-in-interest transactions. 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. These revenue sharing payments to the Trust also qualify as party-in-interest transactions. For the year ended December 31, 2013, $1,234,099 in such revenue sharing was allocated to participant accounts.

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 $26,963,764 and sales amounted to $203,091,052 for the year ended December 31, 2013. Dividend income from shares of Raytheon Company common stock amounted to $34,032,095 for the year ended December 31, 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.

15
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2013 and 2012

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, 2013 and 2012, 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 in the near term and that such change could materially affect participants' account balances and the Plan's financial statements.

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

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



Identity of Issue, borrower, lessor, or similar party
 
Description of investment including maturity date, rate of interest, collateral, par, or maturity value
 
Shares/Units/ Principal
 
 Current Value
Investment Contracts
 
 
 
 
 
 
 
Abnanv
 
3% 01/14 SNR
 
$
1,680,000

 
$
1,683,205

 
ABN Amro Bk
 
2.5% 10/18 144A
 
3,010,000

 
3,003,498

 
ANZ Natl Intl
 
3.125% 8/15 144A
 
1,775,000

 
1,839,665

 
ANZ Natl Intl
 
1.12% 3/16 144A
 
3,780,000

 
3,772,508

 
AT&T Inc
 
5.8% 2/15/19
 
189,000

 
216,549

 
AT&T Inc
 
3.875% 8/15/21
 
635,000

 
642,454

 
AT&T Inc
 
1.6% 2/15/17
 
1,110,000

 
1,108,056

 
AT&T Inc
 
1.4% 12/01/17
 
2,805,000

 
2,764,086

 
AT&T Inc
 
3ML+91 11/27/18
 
1,810,000

 
1,823,789

 
Abbvie Inc
 
1.75% 11/06/17 WI
 
733,000

 
731,431

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

 
2,649,678

 
ACE INA Holding
 
5.875% 6/15/14
 
374,000

 
383,154

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

 
2,178,144

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

 
262,009

 
Aetna Inc
 
1.5% 11/15/17
 
53,000

 
52,198

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

 
228,767

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

 
1,549,697

 
Allya
 
2012-5 A2 0.45% 7/15
 
145,924

 
145,958

 
Allya
 
2012-3 A2 0.7% 2/15/14
 
6,058

 
6,058

 
Allya
 
2011-5 A3 .99% 11/15
 
443,364

 
444,250

 
Allya
 
2012-2 A3 0.74% 4/16
 
129,226

 
129,449

 
Allya
 
2012-4 A3 0.59% 1/17
 
401,000

 
401,291

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

 
590,236

 
Allya
 
2013-1 A3 .63% 5/15/17
 
989,000

 
988,981

 
Allyl
 
2013-SN1 A3 .72% 05/16
 
690,000

 
691,195

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

 
4,398,946

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

 
1,160,064

 
Altria Group Inc
 
9.25% 8/6/19
 
663,000

 
872,913

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

 
685,909

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

 
430,961

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

 
1,863,488

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

 
224,462

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

 
2,123,822

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

 
6,328,267

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

 
2,148,990

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

 
995,532

 
American Ex Mtn
 
2.8% 9/19/16
 
456,000

 
476,432

 
American Ex Mtn
 
1.3% 07/29/16
 
463,000

 
466,551

 
American Honda Fin
 
2/10/125
 
450,000

 
447,914


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

 
1,009,827

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

 
423,478

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

 
1,037,754

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

 
344,810

 
American Intl Grp
 
3% 3/20/15
 
500,000

 
513,542

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

 
643,977

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

 
334,221

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

 
573,284

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

 
2,346,869

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

 
1,184,280

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

 
573,813

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

 
557,080

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

 
2,696,450

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

 
448,877

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

 
803,473

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

 
1,877,049

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

 
123,204

 
Apple Inc Frn
 
3ML+25 5/3/2018
 
1,800,000

 
1,796,954

 
Apple Inc
 
1% 5/3/18
 
6,023,000

 
5,821,091

 
Atmos Energy
 
6.35 6/15/17
 
126,000

 
142,438

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

 
429,554

 
Australia & Nz Bk
 
.9% 2/12/16
 
2,153,000

 
2,150,475

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

 
444,963

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

 
211,039

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

 
2,357,101

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

 
1,299,698

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

 
1,879,319

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

 
3,744,674

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

 
10,817

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

 
1,393,720

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

 
1,567,124

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

 
809,341

 
BP Capital Markets
 
2.248% 11/16
 
440,000

 
455,305

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

 
669,263

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

 
442,967

 
BPCM
 
1.375% 5/10/18
 
450,000

 
436,536

 
BMWOT
 
2011-A A3 .76% 8/15
 
1,225,144

 
1,226,398

 
BPCE SA
 
2.5% 12/10/18
 
2,415,000

 
2,400,790

 
BPCE US
 
3ML+125 4/25/16
 
2,955,000

 
2,993,453

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

 
1,276,428


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
 
BACM
 
2006-1 A1A CSTR 9/45
 
3,223,323

 
3,471,235

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

 
2,330,279

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

 
3,271,926

 
BACM
 
2006-4 A1A CSTR 7/46
 
1,044,193

 
1,148,205

 
Euro$
 
90 DAY FUT SEP15 EDU5
 
(161
)
 
8,050

 
Bk Of Amer Glb
 
5.625 10/16 MTN
 
140,000

 
156,003

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

 
2,539,508

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

 
5,148,355

 
Bank Amer Mtn
 
6.5% 8/1/16
 
1,620,000

 
1,829,004

 
Bank Amer
 
4.5% 4/1/15
 
2,210,000

 
2,312,049

 
Bank Amer Fdg
 
3.7% 9/1/15
 
1,345,000

 
1,405,943

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

 
281,708

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

 
723,414

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

 
1,856,481

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

 
449,002

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

 
1,606,119

 
BAAT
 
2012-1 A3 0.78% 6/16
 
1,009,054

 
1,011,372

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

 
473,591

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

 
463,384

 
Bank Of NY
 
4.3% 5/15/14
 
510,000

 
517,383

 
Bank Of NY
 
5.45% 5/15/19
 
86,000

 
97,658

 
Bank Of NY Mtn
 
2.4% 1/17/17
 
467,000

 
477,786

 
Bank Nova Scotia
 
3.4% 1/22/15
 
34,000

 
35,076

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

 
27,993

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

 
1,049,570

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

 
2,501,100

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

 
457,109

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

 
454,788

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

 
220,368

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

 
6,054,769

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

 
18,868

 
Baxter Intl
 
4 3/1/14
 
21,000

 
21,115

 
BSCMS
 
05-T18 A4 4.933% 2/42
 
616,129

 
638,226

 
BSCMS
 
05-PWR8 A4 4.674% 6/41
 
452,632

 
470,721

 
BSCMS
 
2004-PWR4 A3 CSTR 6/41
 
145,612

 
146,445

 
BSCMS
 
2006-T22 A1A CSTR 4/38
 
764,448

 
829,084

 
BSCMS
 
06-PW12 A1A CSTR 9/38
 
577,137

 
630,850

 
BSCMS
 
06-PW11 AAB CSTR 3/39
 
140,247

 
140,286

 
BSCMS
 
2006-PW13 A4 5.54%0 9/41
 
2,750,000

 
2,998,300

 
BSCMS
 
2006-PW13 A1A 5.533 9/41
 
718,523

 
786,460


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
 
BSCMS
 
2006-PW14 A4 5.201 12/38
 
1,200,000

 
1,312,577

 
BSCMS
 
2007-PW15 AAB 5.315% 2/44
 
76,779

 
76,952

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

 
728,070

 
Bear
 
7.25% 2/01/18
 
1,350,000

 
1,615,776

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

 
1,191,678

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

 
154,891

 
Berkley Wr Corpmtn
 
7.375% 9/19
 
700,000

 
837,111

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

 
1,398,034

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

 
1,775,410

 
BMWLT
 
2013-1 A3 .54% 09/15
 
442,000

 
442,021

 
Euro$
 
90 DAY FUT SEP 16 EDU6
 
161

 
(10,063
)
 
Branch Banking Frn
 
9/13/2016
 
2,178,000

 
2,162,037

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

 
1,208,066

 
BTEL
 
1.625% 06/28/16
 
265,000

 
267,335

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

 
2,051,872

 
CBS Corp
 
8.875% 5/15/19
 
900,000

 
1,150,086

 
CBS Corp
 
4.3% 2/15/21
 
770,000

 
782,900

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

 
1,782,073

 
CD
 
2005-CD1 A4 CSTR 7/44
 
5,893,000

 
6,247,670

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

 
3,205,278

 
CD
 
06-CD2 A1B CSTR 1/46
 
1,192,781

 
1,277,232

 
CD
 
2007-CD5 A1A 5.8% 11/44
 
771,405

 
860,911

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

 
1,496,391

 
Cigna
 
4% 2/15/22
 
1,670,000

 
1,697,502

 
Cme Group Inc
 
5.75% 2/14
 
14,000

 
14,082

 
Comm
 
2012-LC4 A1 1.156% 12/44
 
483,026

 
484,392

 
Comm
 
2012-CR5 A1 0.673% 12/45
 
788,456

 
781,827

 
Comm
 
2012-CR1 A1 1.116% 5/45
 
126,535

 
126,732

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

 
366,047

 
Comm
 
2012-CR2 A1 .824% 08/45
 
157,948

 
157,347

 
Comm
 
2013-CR9 A1 1.3440% 7/45
 
179,897

 
180,302

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

 
354,706

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

 
1,547,375

 
Cameron Intl Crp
 
1.15% 12/15/16
 
500,000

 
498,308

 
Canada Govt
 
2.375% 9/10/14
 
2,500,000

 
2,537,033

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

 
21,029

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

 
429,813

 
Capital One
 
3.5% 6/23 WI
 
49,000

 
45,922

 
Comet
 
2013-A1 A1 .63% 11/18
 
2,315,000

 
2,310,002

 
Comet
 
2013-A3 A3 .96% 9/19
 
1,118,000

 
1,104,526


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
 
Capital One Bk
 
3.375% 2/15/23
 
2,460,000

 
2,283,399

 
Carmx
 
2012-1 A3 0.89% 9/16
 
1,062,657

 
1,065,308

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

 
329,893

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

 
3,674,784

 
Carmx
 
2013-4 A2 .7% 11/16
 
2,260,000

 
2,259,298

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

 
907,434

 
Caterp Fin Serv
 
5.5 3/15/16
 
14,000

 
15,339

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

 
716,305

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

 
2,186,598

 
CHAIT
 
07-A2 A2 1193476+.05% 04
 
1,000,000

 
991,329

 
CHAIT
 
2012-A5 A5 .59% 8/17
 
1,170,000

 
1,170,110

 
CHAIT
 
2012-A8 A8 0.54% 10/17
 
4,500,000

 
4,493,120

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

 
449,272

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

 
834,838

 
Chevron Corp
 
0.889% 06/24/16
 
197,000

 
197,468

 
Chevron Corp
 
2.427% 06/20/20
 
250,000

 
242,982

 
Chevron Corp
 
3.191% 06/20/23
 
290,000

 
277,925

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

 
15,401

 
Citigroup
 
5.125 5/5/14
 
48,000

 
48,701

 
Citigroup
 
5% 9/15/14
 
1,890,000

 
1,943,837

 
Citigroup Inc Glb
 
4.7 5/29/15
 
63,000

 
66,323

 
Citigroup Inc
 
6.125% 11/21/17
 
1,370,000

 
1,578,570

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

 
3,202,308

 
Citigroup
 
6.375% 8/12/14
 
9,000

 
9,303

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

 
798,975

 
Citigroup Inc
 
4.45% 1/10/17
 
2,175,000

 
2,356,486

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

 
510,389

 
Citigroup
 
1.25% 1/15/16
 
210,000

 
210,686

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

 
493,481

 
Citigroup
 
1.3% 4/1/16
 
350,000

 
350,793

 
Citigroup Inc
 
1.7% 7/25/16
 
500,000

 
504,677

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

 
1,089,387

 
Citigroup Inc
 
1.3% 11/15/16
 
700,000

 
697,505

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

 
5,933,711

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

 
1,522,041

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

 
1,188,503

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

 
1,946,972

 
CCCIT
 
2013-A6 A6 1.32% 09/18
 
1,800,000

 
1,813,201

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

 
403,680

 
CGCMT
 
13-GC11 A1 0.672% 12/17
 
326,842

 
324,617


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

 
3,871,516

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

 
16,796

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

 
1,776,553

 
Coca-Cola Co
 
1.65% 11/1/18
 
450,000

 
443,852

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

 
273,877

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

 
569,002

 
COELT
 
05-B A2 @LIBUS3+10 12/21
 
19,216

 
19,206

 
Comcast Corp
 
5.3% 1/15/14
 
18,000

 
18,026

 
Comcast Corp
 
5.9% 3/15/16
 
1,063,000

 
1,173,900

 
Comcast Corp Glb
 
5.875% 2/15/18
 
1,879,000

 
2,154,277

 
Comerica Inc
 
3% 9/16/15
 
74,000

 
76,806

 
Comm
 
2004-LB2A A4 4.715 3/39
 
129,178

 
129,179

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

 
2,494,957

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

 
2,995,781

 
Comm
 
2006-C7 A1A CSTR 6/46
 
1,045,042

 
1,138,438

 
Comm
 
2013-LC6 A1 .7240% 1/46
 
229,176

 
227,176

 
GCCFC
 
2007-GG9 A2 5.381% 3/39
 
153,289

 
156,744

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

 
2,003,510

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

 
1,621,856

 
Rabobnk Nedrld Mtn
 
2.125% 10/15
 
1,924,000

 
1,973,595

 
Rabobank
 
3.375% 1/19/17
 
39,000

 
41,049

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

 
1,130,200

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

 
333,364

 
Credit Suisse Fb
 
4.875 1/15/15
 
126,000

 
131,642

 
Credit Suis Fb Usa
 
5.125 8/15
 
79,000

 
84,657

 
CSMC
 
2007-C2 A2 CSTR 1/49
 
107,638

 
107,422

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

 
3,411,538

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

 
1,274,246

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

 
1,723,688

 
CSFB
 
05-C6 A4 5.23% 12/40
 
2,282,738

 
2,418,520

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

 
526,934

 
DBUBS
 
2011-LC3A A1 2.238% 8/44
 
73,674

 
74,444

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

 
1,834,354

 
Daimler Fin
 
1.875% 9/15/14144A
 
700,000

 
706,056

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

 
1,287,644

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

 
1,703,091

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

 
432,523

 
Daimler Fin Llc
 
1.25 1/16 144A
 
1,945,000

 
1,946,270

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

 
935,374

 
Dayton PWR&LG
 
1.875% 9/16 144A
 
1,025,000

 
1,033,301


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

 
2,941,682

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

 
517,269

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

 
836,903

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

 
357,435

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

 
952,136

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

 
453,947

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

 
1,456,232

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

 
1,784,371

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

 
565,968

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

 
3,607,810

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

 
1,750,104

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

 
1,726,907

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

 
2,898,039

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

 
3,918,507

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

 
2,456,032

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

 
375,264

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

 
435,546

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

 
1,326,924

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

 
710,888

 
Dupont Ei Glbl
 
4.875 4/30/14
 
17,000

 
17,247

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

 
382,959

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

 
48,164

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

 
849,253

 
Duke Energy Cor
 
2.1% 06/15/18
 
1,314,000

 
1,305,819

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

 
719,355

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

 
15,793

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

 
1,750,530

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

 
691,138

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

 
222,202

 
Ebay Inc
 
1.35% 7/15/17
 
390,000

 
387,625

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

 
797,342

 
El Paso Nat
 
5.95% 4/15/17
 
2,120,000

 
2,356,331

 
Entergy La Llc
 
1.875% 12/15/14
 
350,000

 
354,652

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

 
332,193

 
Express Scripts
 
2.75% 11/14 WI
 
1,885,000

 
1,921,301

 
Fpl Group
 
7.875% 12/15
 
14,000

 
15,824

 
FHLG
 
6.00% 8/26 #G00587
 
57,602

 
63,388

 
FHLG
 
8.50% 7/28 #G00981
 
154,204

 
185,218

 
FHLG
 
5.50% 3/34 #G01665
 
188,127

 
206,489

 
FHLG
 
15YR 5.0% 4/20 #G11682
 
775,688

 
826,543


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 5.50% 2/20 #G11728
 
2,381,013

 
2,551,816

 
FHLG
 
15YR 6.50% 4/18 #G11452
 
79,336

 
83,911

 
FHLG
 
15YR 4.50% 1/19 #G11565
 
84,453

 
89,507

 
FHLG
 
10.00% 10/30 #G20027
 
489,054

 
561,823

 
FHLG
 
15YR 5.00% 5/18 #P10034
 
145,672

 
151,930

 
FHLG
 
15YR 7.00% 12/14 #P60089
 
1,467

 
1,490

 
FHLG
 
20YR 5.50% 9/27 #G30345
 
89,893

 
98,692

 
FHLG
 
20YR 6.00% 9/27 #G30357
 
349,554

 
382,272

 
FHLG
 
20YR 5.50% 7/28 #G30564
 
862,774

 
946,630

 
FHLG
 
6.50% 5/22 #D95395
 
58,064

 
63,933

 
FHLG
 
6.00% 11/21 #D94929
 
69,537

 
75,763

 
FHLG
 
15YR 6.50% 4/16 #E83211
 
4,709

 
4,930

 
FHLG
 
15YR 6.00% 4/17 #E89007
 
112,046

 
118,079

 
FHLG
 
15YR 6.50% 6/17 #E90325
 
63,845

 
68,097

 
FHLG
 
15YR 6.00% 7/17 #E90474
 
92,483

 
98,151

 
FHLG
 
15YR 5.00% 12/17 #E93561
 
84,946

 
89,311

 
FHLG
 
15YR 4.00% 6/18 #E96973
 
132,828

 
140,102

 
FHLG
 
15YR 4.50% 8/18 #E98688
 
343,144

 
363,679

 
FHLG
 
15YR 4.50% 10/18 #E99833
 
368,085

 
390,112

 
FHLG
 
15YR 4.50% 9/18 #E99205
 
269,431

 
285,555

 
FHLG
 
15YR 5.00% 10/18 #E99955
 
53,538

 
56,593

 
FHLG
 
4.50% 6/23 #A45156
 
582,368

 
616,392

 
FHLG
 
6.00% 9/37 #G03282
 
406,911

 
448,508

 
FHLG
 
5.50% 12/37 #G03696
 
675,197

 
737,415

 
FHLG
 
6.00% 1/38 #G03781
 
778,222

 
857,777

 
FHLG
 
5.50% 12/37 #G03865
 
328,336

 
358,592

 
FHLG
 
5.50% 7/39 #G05546
 
708,556

 
773,848

 
FHLG
 
25YR 5.50% 7/35 #G05815
 
126,895

 
139,250

 
FHLG
 
15YR 5.00% 10/23 #G13276
 
480,542

 
513,700

 
FHLG
 
15YR 5.00% 12/18 #G13293
 
142,249

 
150,256

 
FHLG
 
15YR 6.00% 11/23 #G13368
 
185,779

 
203,189

 
FHLG
 
15YR 6.50% 7/21 #G12934
 
95,155

 
102,425

 
FHLG
 
15YR 5.00% 3/19 #G13052
 
487,229

 
515,043

 
FHLG
 
5.50% 1/24 #G13432
 
744,828

 
807,053

 
FHLG
 
15YR 5.50% 12/21 #G13481
 
451,169

 
487,290

 
FHLG
 
15YR 4.00% 7/24 #G13596
 
348,111

 
367,393

 
FHLG
 
15YR 5.00% 4/20 #G13598
 
495,821

 
524,876

 
FHLG
 
15YR 6.00% 1/24 #G13647
 
742,214

 
814,735

 
FHLG
 
15YR 6.00% 1/24 #G13982
 
694,626

 
761,331

 
FHLG
 
15YR 5.50% 12/24 #G14015
 
4,162,512

 
4,503,225


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 3.50% 1/26 #G14312
 
239,819

 
250,464

 
FHLG
 
15YR 4.00% 9/25 #G14376
 
278,812

 
294,256

 
FHLG
 
15YR 3.50% 4/27 #G14449
 
685,120

 
716,066

 
FHLG
 
15YR 3.50% 10/26 #G14450
 
2,929,791

 
3,058,465

 
FHLG
 
15YR 2.5% 06/23#G14775
 
350,188

 
347,028

 
FHLG
 
15YR 4.00% 6/24 #G18312
 
416,614

 
439,691

 
FHLG
 
6.50% 10/26 #C90995
 
291,947

 
323,679

 
FHLG
 
6.50% 8/26 #C90985
 
56,903

 
63,073

 
FHLG
 
15YR 6.00% 4/20 #J02203
 
66,179

 
71,173

 
FHLG
 
15YR 6.50% 1/20 #J02204
 
69,448

 
75,213

 
FHLG
 
15YR 4.50% 9/24 #J10826
 
551,446

 
589,100

 
FHLG
 
10YR 3.00% 8/21 #J16393
 
273,133

 
283,098

 
FHLG
 
10YR 3.00% 8/21 #J16442
 
244,922

 
253,858

 
FHLM ARM
 
2.98% 8/41 #1B8533
 
206,153

 
215,809

 
FHLM ARM
 
3.07% 9/41 #1B8608
 
109,574

 
114,934

 
FHLM ARM
 
3.717% 05/41#1B8124
 
93,668

 
99,075

 
FHLM ARM
 
3.224% 4/41#1B8179
 
63,265

 
66,439

 
FHLM ARM
 
3.464% 5/1/41#1B8304
 
66,671

 
70,335

 
FHLM ARM
 
3.627% 6/1/41#1B8372
 
96,084

 
101,612

 
FHLM ARM
 
3.283 6/1/41
 
66,251

 
69,552

 
FHLM ARM
 
3.242% 9/1/41#1B8659
 
56,226

 
58,912

 
FHR
 
192 I 9% 2/22
 
161,991

 
185,396

 
FHLG
 
4.00% 12/40 #C03565
 
168,301

 
172,969

 
FHLG
 
6.00% 8/28 #C13910
 
58,912

 
64,929

 
FHLG
 
4.00% 4/39 #A85531
 
213,688

 
219,614

 
FHLG
 
4.00% 1/41 #A96478
 
721,055

 
741,051

 
FHLG
 
15YR 6.00% 10/16 #E01054
 
57,070

 
59,920

 
FHLG
 
15YR 5.50% 3/17 #E01136
 
20,237

 
21,199

 
FHLG
 
15YR 5.00% 12/17 #E01280
 
53,284

 
56,021

 
FHLG
 
15YR 6.50% 10/17 #E01254
 
14,942

 
15,956

 
FHLG
 
15YR 5.50% 11/18 #E01497
 
169,808

 
181,270

 
FHLG
 
15YR 4.00% 9/25 #E02787
 
335,909

 
357,350

 
FHLG
 
15YR 4.00% 4/26 #E02867
 
180,752

 
191,612

 
FHLG
 
15YR 4.50% 11/18 #B10931
 
226,553

 
240,111

 
FHLG
 
15YR 5.50% 11/18 #B10916
 
298,353

 
318,247

 
FHLG
 
15YR 4.50% 10/18 #B12459
 
57,386

 
60,820

 
FHLG
 
15YR 4.50% 4/19 #B13051
 
59,981

 
63,570

 
FHLG
 
15YR 4.50% 6/19 #B14961
 
156,463

 
165,826

 
FHLG
 
15YR 2.5% 09/22#J20415
 
191,462

 
195,478

 
FHLG
 
6.50% 9/23 #Z40030
 
4,339,946

 
4,833,509


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



Identity of Issue, borrower, lessor, or similar party
 
Description of investment including maturity date, rate of interest, collateral, par, or maturity value
 
Shares/Units/ Principal
 
 Current Value
 
FHLG
 
6.50% 5/24 #Z40034
 
4,528,410

 
5,051,213

 
FHLG
 
5.50% 5/34 #Z40042
 
1,391,564

 
1,526,636

 
FHLG
 
6.50% 8/21 #C90473
 
454,634

 
499,803

 
FHLG
 
20YR 6.00% 2/22 #C90523
 
151,000

 
164,898

 
FHLG
 
20YR 6.00% 7/22 #C90562
 
124,964

 
136,964

 
FHR
 
2344 ZJ 6.5 8/31
 
10,416

 
11,717

 
FHR
 
2420 MZ 6.5% 2/32
 
898,256

 
1,009,841

 
FHR
 
2399 OH 6.5 1/32
 
92,616

 
104,183

 
FHR
 
2425 OB 6 3/17
 
40,866

 
43,238

 
FHR
 
1584 L 6.5 9/23
 
143,392

 
158,572

 
FHR
 
1577 PK 6.5 9/23
 
55,204

 
61,304

 
FHR
 
1617 PM 6.5 11/23
 
114,566

 
126,902

 
FHR
 
1668 D 6.5 2/14
 
350

 
352

 
FHR
 
1837 Z 6.5 4/26
 
86,464

 
95,833

 
FHR
 
1835 D 6 4/26
 
114,174

 
125,080

 
FHR
 
2068 B 10% 11/22
 
21,291

 
24,364

 
FHR
 
2075 PH 6.5 8/28
 
81,024

 
91,195

 
FHR
 
2208 PG 7% 1/30
 
148,885

 
171,798

 
FHR
 
2262 Z 7.5% 10/30
 
63,887

 
75,126

 
FHR
 
2363 PF 6% 9/16
 
29,473

 
30,886

 
FHR
 
2356 GD 6% 9/16
 
24,410

 
25,592

 
FHR
 
2355 BP 6 9/16
 
33,104

 
34,628

 
FNR
 
1992-205 Z 7 11/22
 
144,649

 
163,009

 
FNR
 
G93-3 K 7% 2/23
 
57,493

 
64,661

 
FNR
 
1993-250 Z 7 12/23
 
143,873

 
148,402

 
FNR
 
1994-40 Z 6.5 3/24
 
308,206

 
340,296

 
FNR
 
1997-46 PL 6% 7/27
 
426,877

 
472,028

 
FNR
 
2001-7 PF 7% 3/31
 
7,014

 
8,084

 
FNR
 
99-8 QD 6% 3/14
 
1,897

 
1,904

 
FNMA
 
0.875% 8/28/17
 
9,270,000

 
9,149,212

 
FNMA
 
.5% 9/28/15
 
19,944,000

 
19,979,241

 
FNMA
 
.875% 2/8/18
 
8,113,000

 
7,905,218

 
FNMA
 
0.875% 05/21/18
 
1,370,000

 
1,324,652

 
FNMA
 
0.625% 8/26/16
 
4,529,000

 
4,521,138

 
FNMA
 
1.875% 09/18/18
 
5,029,000

 
5,059,828

 
FNMA
 
1.625% 11/27/18
 
9,710,000

 
9,624,484

 
FNR
 
2011-88 AB 2.5% 9/26
 
218,850

 
224,593

 
FNR
 
2012-15 FP 1ML+38 6/40
 
689,764

 
692,349

 
FNR
 
2012-94 E 3% 6/22
 
904,697

 
938,026

 
FNR
 
2013-9 FA 1ML+35 03/42
 
1,016,408

 
1,016,773


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
 
FNR
 
2013-16 GP 3% 03/33
 
1,470,000

 
1,507,218

 
FNR
 
2013-40 PV 2% 01/26
 
721,219

 
729,662

 
FNMA
 
20YR 6.50% 7/18 #251825
 
83,475

 
89,379

 
FNMA
 
20YR 6.50% 11/18 #252104
 
77,039

 
82,759

 
FNMA
 
20YR 6.50% 3/19 #252348
 
55,560

 
59,998

 
FNMA
 
15YR 5.50% 4/18 #254686
 
173,574

 
184,010

 
FNMA
 
20YR 5.00% 5/23 #254762
 
3,056,983

 
3,320,189

 
FNMA
 
20YR 5.50% 6/23 #254764
 
241,620

 
265,433

 
FNMA
 
5.50% 6/33 #254767
 
1,579,091

 
1,738,734

 
FNMA
 
20YR 6.00% 9/21 #253999
 
49,426

 
53,716

 
FNMA
 
6.50% 10/21 #254044
 
7,447

 
8,202

 
FNMA
 
20YR 6.50% 5/22 #254305
 
70,635

 
78,015

 
FNMA
 
15YR 7.00% 5/17 #254353
 
12,829

 
13,697

 
FNMA
 
20YR 6.00% 11/22 #254544
 
65,562

 
71,907

 
FNMA
 
20YR 5.50% 1/23 #254589
 
225,932

 
248,199

 
FNMA
 
20YR 5.00% 3/25 #255667
 
1,042,438

 
1,132,192

 
FNMA
 
20YR 5.50% 9/23 #254916
 
3,327,293

 
3,655,213

 
FNMA
 
15YR 4.00% 9/18 #254919
 
102,806

 
108,858

 
FNMA
 
15YR 4.50% 11/18 #254952
 
1,207,620

 
1,283,481

 
FNMA
 
15YR 4.50% 12/18 #255031
 
1,208,684

 
1,284,612

 
FNMA
 
5.00% 8/25 #255810
 
1,099,664

 
1,194,345

 
FNMA
 
6.00% 7/27 #256803
 
503,970

 
550,486

 
FNMA
 
20YR 6.00% 10/27 #256928
 
331,883

 
362,641

 
FNMA
 
20YR 6.00% 1/28 #257048
 
248,605

 
271,734

 
FNMA
 
6.00% 2/28 #257076
 
252,383

 
275,865

 
FNMA
 
5.50% 11/34 #310105
 
999,077

 
1,099,991

 
FNMA
 
15YR 6.50% 6/14 #323794
 
1,845

 
1,856

 
FHR
 
3728 EA 3.5% 9/20
 
1,416,237

 
1,436,439

 
FHR
 
3763 QA 4% 4/34
 
320,726

 
336,933

 
FHR
 
3803 EN 3.5% 2/24
 
2,457,018

 
2,547,149

 
FHR
 
3820 DA 4% 11/35
 
303,942

 
321,382

 
FHR
 
2011-3844 PJ 5% 01/40
 
1,480,303

 
1,589,799

 
FHR
 
2011-3893 MV 4% 04/33
 
2,550,000

 
2,617,193

 
FHR
 
2011-3938 BE 2% 10/21
 
651,976

 
658,482

 
FHR
 
3943 EF 1ML+25 2/26
 
381,515

 
381,661

 
FHR
 
2012-4049 CA 3% 05/27
 
2,208,678

 
2,220,831

 
FHR
 
4046 LA 3% 11/2026
 
1,614,606

 
1,638,270

 
FHR Ser
 
4221 CLS GA 1.4% 7/23
 
1,259,865

 
1,256,033

 
FHLMC
 
2.375% 1/13/22
 
5,890,000

 
5,622,276

 
FHLMC
 
1.25% 5/12/17
 
665,000

 
669,340


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
 
FHLMC
 
1% 9/29/17
 
4,487,000

 
4,432,824

 
FHLMC
 
.75% 1/12/18
 
3,580,000

 
3,482,921

 
FHLMC
 
1.375% 05/01/2020
 
2,240,000

 
2,098,354

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

 
4,550,703

 
FNMA
 
20YR 6.00% 12/18 #456110
 
159,481

 
169,689

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

 
1,063,512

 
FNMA
 
15YR 6.50% 8/14 #506702
 
27,498

 
27,768

 
FNMA
 
15YR 6.50% 12/14 #535063
 
16,913

 
17,148

 
FNMA
 
15YR 8.00% 9/15 #535460
 
12,748

 
13,225

 
FNMA
 
6.50% 2/20 #535834
 
117,542

 
127,575

 
FNMA
 
20YR 6.50% 12/21 #545419
 
2,599

 
2,861

 
FNMA
 
6.50% 7/32 #545759
 
44,580

 
50,102

 
FNMA
 
6.50% 7/32 #545762
 
22,734

 
25,550

 
FNMA
 
15YR 6.00% 3/18 #555390
 
31,261

 
33,124

 
FNMA
 
15YR 6.50% 6/15 #555720
 
576

 
583

 
FNMA
 
15YR 6.00% 6/16 #583745
 
7,563

 
7,885

 
FNMA
 
15YR 5.50% 12/16 #611007
 
11,702

 
12,253

 
FNMA
 
15YR 5.50% 10/16 #612660
 
32,054

 
33,457

 
FNMA
 
15YR 6.50% 3/17 #627139
 
13,907

 
14,703

 
FNMA
 
15YR 5.50% 2/17 #634197
 
161,041

 
168,806

 
FNMA
 
15YR 7.00% 3/17 #636917
 
16,739

 
17,895

 
FNMA
 
15YR 7.00% 5/17 #638774
 
51,355

 
54,979

 
FNMA
 
20YR 4.50% 5/26 #AH0473
 
137,235

 
147,541

 
FNMA Arm
 
2.69% 9/41 #AH5260
 
299,642

 
312,887

 
FNMA Arm
 
3.228% 7/41#AI3469
 
88,378

 
92,951

 
FNMA Arm
 
3.01% 8/41 #AI4358
 
68,021

 
70,726

 
FNMA Arm
 
3.545% 07/41#AI6050
 
94,785

 
100,071

 
FNMA Arm
 
3.365% 10/41#AI6819
 
54,178

 
56,948

 
FNMA Arm
 
3.37% 9/41 #AI8935
 
94,397

 
98,753

 
FNMA Arm
 
09/41#AI9813
 
62,891

 
65,534

 
FNMA Arm
 
10/41#AJ3399
 
38,365

 
40,013

 
FNMA
 
15YR 5.50% 9/23 #AL0229
 
726,950

 
782,962

 
FNMA
 
15YR 5.50% 5/21 #AL0230
 
900,234

 
963,350

 
FNMA
 
5.50% 1/38 #AL0662
 
611,943

 
674,548

 
FNMA
 
15YR 3.50% 5/27 #AL1741
 
474,705

 
496,808

 
FNMA
 
15YR 3.50% 3/27 #AL1746
 
1,082,626

 
1,134,051

 
FNMA
 
15YR 3.50% 5/27 #AL1751
 
251,889

 
263,617

 
FNMA
 
15YR 3.50% 1/26 #AL1168
 
257,897

 
270,067

 
FNMA
 
20YR 6.00% #AL1318
 
981,123

 
1,075,099

 
FNMA
 
20YR 5.5% 12/33 #AL4500
 
500,000

 
551,287


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



Identity of Issue, borrower, lessor, or similar party
 
Description of investment including maturity date, rate of interest, collateral, par, or maturity value
 
Shares/Units/ Principal
 
 Current Value
 
FNMA Arm
 
06/42#AO2244
 
85,957

 
87,956

 
FNMA
 
15YR 6.00% 5/17 #644987
 
41,693

 
44,076

 
FNMA
 
6.00% 4/25 #660719
 
131,792

 
144,195

 
FNMA
 
15YR 5.00% 3/18 #667792
 
70,011

 
73,691

 
FNMA
 
15YR 7.00% 7/17 #667070
 
102,352

 
110,031

 
FNMA
 
15YR 6.00% 11/17 #668811
 
14,934

 
15,824

 
FNMA
 
15YR 5.50% 11/17 #670452
 
118,145

 
124,807

 
FNMA
 
15YR 5.50% 1/18 #680143
 
13,002

 
13,748

 
FNMA
 
15YR 5.50% 2/18 #681383
 
118,910

 
125,615

 
FNR
 
2001-44 PD 7% 9/31
 
19,044

 
21,951

 
FNR
 
2001-71 MB 6 12/16
 
78,672

 
82,772

 
FNR
 
02-58 HC 5.5% 9/17
 
67,235

 
71,027

 
FNR
 
2002-56 MC 5.5% 9/17
 
22,837

 
23,884

 
FHR
 
2474 NR 6.5 7/32
 
70,248

 
79,058

 
FHR
 
2484 LZ 6.5 7/32
 
128,723

 
144,837

 
FHR
 
2475 FB 1ML+100 2/32
 
506,094

 
515,881

 
FHR
 
2481 FB 1ML+100 2/32
 
509,322

 
519,172

 
FNW
 
2003-W4 2A 6.5% 10/42
 
21,187

 
23,774

 
FNR
 
2003-32 UN 4% 1/33
 
2,667,607

 
2,729,631

 
FNR
 
03-66 PA 3.5 2/33
 
701,017

 
727,867

 
FNR
 
2003-57 NK 5 6/18
 
30,551

 
32,584

 
FNR
 
2003-80 VC 5 4/16
 
32,769

 
32,748

 
FNR
 
2003-74 PG 4.5% 8/18
 
141,881

 
150,009

 
FHR
 
2527 TB 6% 11/32
 
37,134

 
41,253

 
FHR
 
2558 BD 5% 1/18
 
1,674,285

 
1,777,724

 
FSPC
 
T-54 2A 6% 2/43
 
114,157

 
133,398

 
FSPC
 
T-54 3A 7% 2/43
 
52,646

 
60,177

 
FHR
 
2590 BY 5% 3/18
 
2,113,022

 
2,245,709

 
FNR
 
2004-2 QL 4% 2/19
 
1,769,397

 
1,861,705

 
FNW
 
2004-W1 1A6 5.04% 11/43
 
465,082

 
480,638

 
FHR
 
2628 QM 4.5% 11/31
 
407,750

 
409,797

 
FHR
 
2650 QN 4.5 1/33
 
110,785

 
116,179

 
FNR
 
04-33 MW 4.5% 1/30
 
50,360

 
51,724

 
FNR
 
2004-82 HJ 5.5% 9/32
 
1,074,946

 
1,114,143

 
FNR
 
2004-95 AN 5.5% 1/25
 
92,506

 
94,462

 
FNR
 
2004-91 AR 5.50% 4/33
 
3,435,521

 
3,657,812

 
FNR
 
2005-90 FC 1ML+25 10/35
 
230,488

 
230,931

 
FHR
 
2662 DG 5% 10/22
 
207,070

 
211,479

 
FHR
 
2672 NH 0 9/18
 
306,799

 
321,591

 
FNR
 
2005-106 UF 1ML+30 11/35
 
223,276

 
224,068


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
 
FHR
 
2780 JG 4.5 4/19
 
14,519

 
14,987

 
FHR
 
2810 PD 6% 6/33
 
57,733

 
58,765

 
FNR
 
2006-41 MC 5.5% 7/35
 
217,454

 
230,114

 
FHR
 
2836 PX 4% 5/18
 
146,095

 
147,085

 
FHR
 
2872 JG 4.5% 10/19
 
941,037

 
999,103

 
FHR
 
2866 XE 4% 12/18
 
389,867

 
396,426

 
FHR
 
2971 KT 5.5% 5/33
 
55,715

 
55,876

 
FHR
 
3013 VJ 5% 1/14
 
13,213

 
13,215

 
FHR
 
3047 OB 5.5% 12/33
 
18,674

 
18,932

 
FHR
 
3117 JF 1ML+30 2/36
 
248,737

 
249,181

 
FNR
 
2006-90 BE 6% 4/35
 
640,007

 
663,766

 
FNBR
 
2007-B1 VA 5.5% 4/17
 
82,722

 
82,951

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

 
793,858

 
FNR
 
2007-77 MH 6 12/36
 
297,223

 
315,725

 
FNR
 
2008-29 BG 4.7% 12/35
 
101,661

 
106,005

 
FNR
 
2008-29 CA 4.5% 9/35
 
2,384,637

 
2,498,055

 
FNR
 
2009-10 AB 3/24
 
134,670

 
144,706

 
FHR
 
3397 FC .8613% 12/37
 
2,720,225

 
2,742,696

 
FNR
 
2011-5 PA 4% 10/25
 
76,608

 
77,747

 
FNR
 
2011-23 AB 2.75% 6/25/20
 
164,878

 
170,282

 
FNR
 
2011-40 DK 4% 11/25/37
 
1,578,306

 
1,611,712

 
FNMA
 
1.625% 10/26/15
 
5,915,000

 
6,044,249

 
FNR
 
2010-12 AY 4% 10/23
 
297,555

 
303,923

 
FHR
 
3564 JA 4 1/18
 
291,741

 
306,135

 
FNR
 
2010-31 AP 4.5% 02/40
 
3,634,280

 
3,816,351

 
FNR
 
2010-123 DL 3.5% 11/25
 
201,085

 
209,145

 
FHR
 
3741 HD 3% 11/15/39
 
273,248

 
279,197

 
FNR
 
2010-135 DE 2.25% 4/24
 
268,655

 
273,372

 
FNR
 
2010-143 B 3.5% 12/25
 
321,108

 
335,761

 
FHR
 
3636 KE 5% 12/36
 
99,817

 
101,273

 
FNMA
 
15YR 4.00% 7/18 #682424
 
44,124

 
46,721

 
FNMA
 
15YR 4.00% 9/18 #682450
 
23,331

 
24,705

 
FNMA
 
8.00% 6/27 #695533
 
14,821

 
17,673

 
FNMA
 
6.00% 3/33 #695584
 
16,321

 
18,001

 
FNMA
 
15YR 4.50% 5/18 #697602
 
104,859

 
111,446

 
FNMA
 
15YR 5.00% 5/18 #707298
 
601,265

 
635,377

 
FNMA
 
15YR 4.00% 6/18 #708802
 
68,365

 
72,390

 
FNMA
 
15YR 5.00% 6/18 #709848
 
112,249

 
118,769

 
FNMA
 
15YR 5.00% 6/18 #709877
 
73,261

 
77,347

 
FNMA
 
15YR 4.50% 6/18 #710238
 
49,603

 
52,719


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



Identity of Issue, borrower, lessor, or similar party
 
Description of investment including maturity date, rate of interest, collateral, par, or maturity value
 
Shares/Units/ Principal
 
 Current Value
 
FNMA
 
15YR 4.50% 7/18 #720393
 
109,478

 
116,356

 
FNMA
 
15YR 4.50% 5/19 #725445
 
44,203

 
46,980

 
FNMA
 
15YR 4.50% 4/19 #725352
 
353,177

 
375,364

 
FNMA
 
15YR 5.50% 4/19 #725528
 
108,289

 
115,184

 
FNMA
 
15YR 5.50% 9/19 #725793
 
20,604

 
21,984

 
FNMA
 
15YR 5.50% 9/19 #725796
 
27,414

 
29,383

 
FNMA
 
15YR 4.00% 7/18 #726128
 
43,194

 
45,736

 
FNMA
 
15YR 4.50% 8/18 #727466
 
67,445

 
71,681

 
FNMA
 
15YR 4.00% 8/18 #728852
 
11,585

 
12,267

 
FNMA
 
15YR 4.50% 8/18 #733772
 
195,030

 
207,282

 
FNMA
 
15YR 4.50% 12/19 #735290
 
78,230

 
83,144

 
FNMA
 
10YR 4.50% 11/14 #735023
 
1,269

 
1,349

 
FNMA
 
6.50% 11/22 #735137
 
210,035

 
228,624

 
FNMA
 
6.50% 12/32 #735415
 
22,761

 
25,578

 
FNMA
 
15YR 5.50% 3/20 #735521
 
39,324

 
41,989

 
FNMA
 
15YR 4.00% 12/18 #735522
 
357,217

 
378,245

 
FNMA
 
15YR 4.50% 10/20 #735926
 
14,583

 
15,499

 
FNMA
 
15YR 5.00% 11/18 #740462
 
54,553

 
57,763

 
FNMA
 
15YR 4.50% 3/19 #742078
 
185,264

 
196,903

 
FNMA
 
15YR 4.50% 6/19 #745278
 
174,886

 
185,872

 
FNMA
 
6.50% 7/35 #745092
 
24,002

 
26,854

 
FNMA
 
20YR 6.00% 4/24 #745407
 
144,197

 
158,076

 
FNMA
 
15YR 5.00% 11/18 #749596
 
178,687

 
189,343

 
FNMA
 
6.00% 9/33 #752786
 
30,986

 
34,233

 
FNMA
 
15YR 4.50% 3/19 #758528
 
164,744

 
175,093

 
FNMA
 
15YR 5.00% 4/19 #761326
 
125,623

 
133,256

 
FNMA
 
15YR 4.00% 6/19 #773153
 
100,365

 
106,273

 
FNMA
 
15YR 4.00% 7/19 #773445
 
222,358

 
235,448

 
FNMA
 
15YR 4.00% 3/19 #773886
 
157,447

 
166,715

 
FNMA
 
15YR 4.50% 4/19 #774267
 
58,528

 
62,205

 
FNMA
 
15YR 4.50% 4/19 #775768
 
83,410

 
88,649

 
FNMA
 
15YR 4.50% 5/19 #780233
 
358,027

 
380,517

 
FNMA
 
15YR 4.50% 7/19 #788390
 
12,563

 
13,352

 
FNMA
 
15YR 5.50% 10/19 #795064
 
33,708

 
36,178

 
FNMA
 
15YR 4.50% 10/19 #796680
 
329,195

 
349,874

 
FNMA
 
15YR 5.00% 12/19 #803919
 
242,379

 
257,729

 
FNMA
 
15YR 4.50% 2/20 #809744
 
9,198

 
9,776

 
FNMA
 
15YR 4.50% 11/20 #813915
 
14,112

 
14,998

 
FNMA
 
15YR 4.50% 10/20 #836381
 
50,447

 
53,616

 
FNMA
 
15YR 4.50% 7/21 #845515
 
7,864

 
8,358


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



Identity of Issue, borrower, lessor, or similar party
 
Description of investment including maturity date, rate of interest, collateral, par, or maturity value
 
Shares/Units/ Principal
 
 Current Value
 
FNMA
 
15YR 4.50% 1/21 #852735
 
1,673

 
1,778

 
FNMA
 
20YRS 6.00% 4/27 #888281
 
2,670,163

 
2,923,084

 
FNMA
 
6.50% 8/36 #888034
 
32,256

 
36,242

 
FNMA
 
15YR 5.00% 12/21 #888436
 
636,035

 
676,349

 
FNMA
 
4.50% 6/37 #888485
 
316,691

 
336,021

 
FNMA
 
6.50% 8/36 #888544
 
124,321

 
139,393

 
FNMA
 
15YR 4.50% 7/20 #888653
 
79,047

 
84,013

 
FNMA
 
15YR 5.00% 12/18 #888681
 
436,389

 
460,745

 
FNMA
 
15YR 4.50% 12/18 #888889
 
489,039

 
519,760

 
FNMA
 
7.50% 11/37 #888892
 
339,096

 
384,539

 
FNMA
 
15YR 6.50% 1/23 #889111
 
527,600

 
584,382

 
FNMA
 
15YR 4.50% 3/21 #890081
 
610,948

 
649,327

 
FNMA
 
15YR 4.50% 11/19 #889395
 
5,614

 
5,966

 
FNMA
 
15YR 6.00% 2/23 #889634
 
811,958

 
890,709

 
FNMA
 
5.50% 2/37 #904918
 
257,236

 
275,031

 
FNMA
 
7.00% 12/36 #907742
 
31,677

 
35,622

 
FNMA
 
20 YR 5.50% 1/24 #925847
 
623,644

 
685,107

 
FNMA
 
20YR 6% 11/27#928866
 
597,421

 
653,019

 
FNMA
 
15YR 4.50% 7/21 #932885
 
678,221

 
720,826

 
FNMA
 
15YR 6.00% 6/22 #944357
 
276,289

 
303,033

 
FNMA
 
20YR 5.50% 7/27 #986156
 
592,735

 
651,802

 
FNMA
 
7.50% 11/38 #995504
 
238,401

 
270,390

 
FNMA
 
15YR 4.50% 12/20 #995320
 
1,459,188

 
1,550,852

 
FNMA
 
15YR 5.00% 12/20 #995324
 
926,940

 
987,088

 
FNMA
 
15YR 6.00% 1/24 #995425
 
493,715

 
541,541

 
FNMA
 
15YR 4.50% 12/20 #995465
 
245,714

 
261,150

 
FNMA
 
15YR 6.50% 2/24 #995658
 
129,219

 
143,865

 
FNMA
 
8.00% 11/37 #995783
 
65,892

 
75,651

 
FNMA
 
20 YR 5.00% 1/25 #995884
 
2,673,825

 
2,904,041

 
FNMA
 
10YR 2.5% 10/22#AB6544
 
266,889

 
272,164

 
FNMA
 
10YR 2.5% 10/22#AB6730
 
207,667

 
211,772

 
FNMA
 
10YR 2.5% 05/23 #MA1431
 
570,968

 
582,254

 
FNMA
 
20YR 5.% 8/26 #AD0787
 
8,064,025

 
8,758,335

 
FNMA
 
10YR 6.50% 12/37 #AD0070
 
294,848

 
322,478

 
FNMA
 
15YR 5.00% 9/22 #AD0285
 
664,755

 
708,615

 
FNMA
 
6.50% 9/28 #AD0329
 
246,957

 
273,642

 
FNMA
 
6.50% 12/35 #AD0723
 
134,032

 
150,958

 
FNMA
 
20YR 5.50% 4/29 #AD0912
 
355,430

 
390,460

 
FNMA
 
15YR 5.50% 3/24 #AE0467
 
178,124

 
192,875

 
FNMA
 
15YR 6.00% 3/24 #AE0745
 
359,083

 
393,908


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
 
FNMA
 
6.50% 8/36 #AE0746
 
107,119

 
120,083

 
FNMA
 
15YR 4.00% 7/19 #AE0968
 
927,775

 
982,391

 
FNMA Arm
 
11/40#AE6806
 
54,624

 
57,249

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

 
1,208,113

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

 
2,551,780

 
FICO
 
5/11/18
 
820,000

 
755,449

 
FICO Prin
 
0% 10/06/17
 
1,490,000

 
1,403,531

 
FICO
 
10/6/2017

 
2,035,000

 
1,916,903

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

 
1,760,085

 
Fordo
 
2011-B A3 .84% 6/15
 
228,383

 
228,472

 
Fordo
 
2012-B A3 0.72% 12/15/16
 
1,199,179

 
1,200,791

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

 
490,391

 
Fordo
 
2012-D A2 0.4% 9/15
 
104,898

 
104,911

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

 
509,858

 
Fordo
 
2013-A A3 .55% 07/17
 
713,000

 
712,698

 
Fordl
 
2013-A A3 0.60% 3/16
 
820,000

 
820,370

 
Fordo
 
2013-C A2 0.55% 4/16
 
4,000,000

 
4,003,566

 
Fordo
 
2013-B A3 .57% 6/16
 
590,000

 
589,430

 
Fordl
 
2013-B A3 .76% 09/16
 
350,000

 
349,900

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

 
1,479,583

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

 
1,534,608

 
Ford Mtr Cr Llc
 
2.375% 1/16/18
 
3,680,000

 
3,715,008

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

 
218,112

 
GEMNT
 
2009-4 A 3.8% 11/17
 
820,000

 
841,520

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

 
832,291

 
GEMNT
 
2012-5 A 0.97% 6/15/18
 
2,350,000

 
2,354,062

 
GMACC
 
2004-C2 A4 5.301% 8/38
 
415,797

 
419,904

 
GMACC
 
2006-C1 A4 5.238% 1/45
 
3,000,000

 
3,151,818

 
GSMS
 
2011-GC5 A1 CSTR 8/44
 
215,051

 
216,379

 
GSMS
 
2012-GC6 A1 1.282% 1/45
 
99,899

 
100,244

 
GSMS
 
2013-GC10 A1 .696% 2/46
 
59,169

 
58,797

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

 
169,202

 
GSMS
 
2013-GC12 A1 VAR 06/46
 
317,735

 
314,985

 
GNMA
 
15YR 6.50% 5/17 #569432
 
82,574

 
87,634

 
GNMA
 
20YR 6.50% 4/23 #593677
 
21,594

 
24,321

 
GNII II
 
6.50% 9/29 #002808
 
360,594

 
412,305

 
GNII II
 
5.50% 7/38 #004187
 
119,192

 
128,885

 
GNII II
 
6.00% 11/38 #004285
 
131,812

 
143,505

 
GNMA
 
7.00% 8/28 #416611
 
30,433

 
35,446

 
GNMA
 
7.00% 8/28 #458917
 
7,423

 
8,638


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
 
GNMA
 
7.00% 7/28 #462643
 
121,638

 
141,833

 
GNMA
 
7.00% 2/28 #462548
 
2,175

 
2,525

 
GNMA
 
7.00% 10/28 #481353
 
114,231

 
133,385

 
GNMA
 
15YR 4.00% 1/25 #723552
 
162,051

 
172,167

 
GNMA
 
15YR 4% 04/25#737164
 
162,455

 
172,596

 
GNMA
 
15YR 4% 05/25#737261
 
164,343

 
174,601

 
GNMA
 
15YR 4% 03/25#737348
 
144,576

 
153,601

 
GNMA
 
4.50% 3/41 #738108
 
3,083,111

 
3,302,134

 
GNMA
 
15YR 7.00% 2/15 #515099
 
4,995

 
5,125

 
GNMA
 
6.50% 1/23 #530795
 
214,611

 
241,826

 
GNMA
 
7.00% 5/32 #552576
 
22,479

 
26,399

 
GNMA
 
8.00% 11/29 #186997
 
5,754

 
6,894

 
GNMA
 
15YR 4.50% 12/18 #781681
 
363,814

 
384,188

 
GNMA
 
15YR 8.00% 1/16 #781570
 
3,928

 
4,068

 
GSMS
 
04-GG2 A6 CSTR 8/38
 
598,684

 
604,680

 
GSMS
 
2006-GG6 A2 5.506% 4/38
 
57,495

 
57,484

 
GSMS
 
2006-GG6 A1A CSTR 4/38
 
388,605

 
419,434

 
GNMA
 
30YR 5.5% 11/35#783799
 
385,523

 
425,747

 
GNMA
 
30YR 5.5% 06/35#783800
 
187,843

 
207,640

 
GSMS
 
2006-GG8 A4 CSTR 11/39
 
4,300,000

 
4,714,726

 
GSMS
 
2006-GG8 A1A 5.547 11/39
 
491,872

 
538,929

 
GNMA
 
15YR 6.50% 6/20 #641437
 
75,504

 
82,430

 
GNMA
 
15YR 4% 06/25#676681
 
248,939

 
264,478

 
GNMA
 
15YR 4% 10/24#710940
 
142,841

 
151,757

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

 
3,833,922

 
GECMC
 
2006-C1 A1A CSTR 3/44
 
404,793

 
435,749

 
GE Cap
 
5.3% 2/11/21
 
1,640,000

 
1,832,285

 
Gen Elec Cap Crp
 
5.5% 6/4/14
 
3,915,000

 
4,000,433

 
Gecap
 
5.625% 5/01/18
 
1,000,000

 
1,147,851

 
GE Cap Corp
 
2.25% 11/9/15
 
227,000

 
233,949

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

 
424,749

 
General Elec Mtn
 
3.35% 10/17/16
 
440,000

 
467,398

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

 
174,077

 
GE Cap Corp
 
2.9% 1/09/17
 
1,500,000

 
1,565,432

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

 
1,366,567

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

 
248,247

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

 
2,145,519

 
General Elec Cap Co
 
1.625 4/18
 
710,000

 
702,129

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

 
479,989

 
Gecap Med
 
4.75% 9/15/14
 
426,000

 
439,350


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
 
Gecap Mtn
 
5.65% 6/09/14
 
590,000

 
603,359

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

 
2,375,537

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

 
198,429

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

 
1,151,668

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

 
1,516,122

 
Goldman Sach Frn
 
3ML+110 11/18
 
1,385,000

 
1,388,249

 
Goldman Sachs
 
5.5 GLB 11/15/14
 
66,000

 
68,789

 
Goldman Sachs
 
5.35% 1/15/16
 
2,507,000

 
2,712,867

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

 
1,321,896

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

 
755,746

 
GSINC
 
5.25% 7/27/21
 
2,420,000

 
2,646,101

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

 
1,776,203

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

 
309,098

 
GSINC
 
2.375% 1/22/18
 
3,020,000

 
3,030,132

 
Goldman Sachs Grp
 
3ML+120 4/18
 
1,220,000

 
1,234,413

 
Goldman Sachs Glb
 
5.15% 1/15/14
 
284,000

 
284,431

 
Goldman Sac Grp
 
3.625% 2/07/16
 
500,000

 
524,712

 
GSINC
 
2.9% 07/19/18
 
680,000

 
691,679

 
GNR
 
2002-33 ZD 6% 5/32
 
822,966

 
921,771

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

 
516,031

 
GNR
 
2008-47 PC 5% 11/16/37
 
2,987,394

 
3,215,544

 
GNR
 
2009-93 PB 3% 12/38
 
264,753

 
271,600

 
GNR
 
2009-127 PL 4.25% 10/38
 
1,389,419

 
1,470,014

 
GNR
 
2010-47 CN 4.5% 8/38
 
1,063,515

 
1,125,448

 
GNR
 
2010-99 PT 3.5% 8/33
 
103,504

 
104,681

 
GNR
 
2010-73 CB 4.40% 8/35
 
2,927,200

 
3,127,316

 
GNR
 
2010-73 GA 4.5% 9/36
 
2,698,452

 
2,893,276

 
GNR
 
2010-68 LA 4.5% 3/38
 
2,900,307

 
3,075,090

 
GNR
 
2010-112 PM 3.25% 9/33
 
82,966

 
83,890

 
GNR
 
2010-120 FB 1ML+30 9/35
 
273,694

 
274,705

 
GNR
 
2010-162 PQ 4.5% 06/39
 
990,628

 
1,054,381

 
CFGNR
 
2011-150 D 3% 4/37
 
120,063

 
121,925

 
GNR
 
2013-9 F VAR 1ML+25 1/43
 
709,112

 
707,324

 
GNR
 
2012-149 MF 1ML+25 12/42
 
993,890

 
987,544

 
G2SF
 
12-149 LF 1ML+25 12/42
 
411,627

 
409,005

 
GNR
 
2012-113 FJ 1ML+25 1/42
 
469,610

 
468,785

 
GNR
 
2013-37 F 0.4712% 3/20/43
 
301,341

 
299,967

 
GNR
 
13-41 PA 2.5% 04/40
 
584,908

 
585,069

 
GNR
 
2000-9 ZJ 8.5 2/30
 
127,785

 
153,363

 
SSBK Stif Fund
 
0
 
69,570,782

 
69,570,792


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
 
GCCFC
 
2005-GG3 A3 4.569% 8/42
 
264,536

 
265,682

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

 
3,586,406

 
HCP Inc
 
6.7 1/30/18
 
2,060,000

 
2,393,376

 
Hcp Inc Mtn
 
2.7% 2/1/14
 
500,000

 
500,781

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

 
399,619

 
HSBC Hldngs Plc
 
4.875% 1/22
 
675,000

 
727,409

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

 
448,961

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

 
371,577

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

 
1,878,228

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

 
422,687

 
HSBC Finance Corp Frn
 
1/15/14

 
2,355,000

 
2,355,024

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

 
350,582

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

 
358,673

 
Hartford Finl Svcs
 
5.125% 4/22
 
570,000

 
619,985

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

 
215,746

 
Canada Govt
 
.875% 2/14/17
 
640,000

 
639,958

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

 
327,752

 
Hewlett Packard
 
4.75% 6/02/14
 
63,000

 
64,009

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

 
447,311

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

 
1,107,039

 
Harot
 
2011-3 A3 .88% 9/15
 
2,088,503

 
2,093,077

 
Harot
 
2013-3 A3 0.77% 05/17
 
3,140,000

 
3,147,079

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

 
531,062

 
Harot
 
2012-1 A3 0.77% 1/16
 
942,311

 
944,273

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

 
131,763

 
Harot
 
2013-2 A3 .53% 2/17
 
330,000

 
329,751

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

 
3,749,638

 
HSBC
 
1.5% 05/15/18 144A
 
930,000

 
907,676

 
HSBC Bank
 
3ML+64 5/18 144A
 
2,435,000

 
2,440,282

 
Hunt
 
2012-1 A3 0.81% 9/16
 
408,420

 
409,309

 
Hunt
 
2012-2 A2 0.38% 9/15
 
141,581

 
141,590

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

 
1,225,108

 
Huntington Natl Bk
 
1.35% 8/16
 
250,000

 
249,891

 
HuntingtonBk
 
1.3% 11/20/16
 
305,000

 
305,023

 
Hart
 
2012-A A3 .72% 3/16
 
109,674

 
109,846

 
Hart
 
2013-A A3 0.56% 7/17
 
863,000

 
862,926

 
Hart
 
2013-B A3 .71% 09/17
 
790,000

 
791,026

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

 
4,218,475

 
Hart
 
2011-C A3 .83% 12/15
 
1,591,202

 
1,593,922

 
Hyundai Cap Am
 
1.625 10/15 144
 
225,000

 
226,126


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

 
119,423

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

 
2,142,819

 
ING US Inc
 
2.9% 02/15/18
 
2,350,000

 
2,402,471

 
Ingersoll Rand
 
2.875 1/19 144A
 
160,000

 
157,616

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

 
227,217

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

 
320,173

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

 
2,355,775

 
Intesa Sanpaolo Spa
 
3.12% 1/16
 
950,000

 
968,058

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

 
431,640

 
JPMorgan Chase
 
1.125% 2/26/16
 
450,000

 
450,740

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

 
720,072

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

 
2,170,446

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

 
1,507,264

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

 
1,493,847

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

 
946,520

 
JPMCC
 
2005-LDP4 ASB CSTR 10/42
 
669,909

 
680,372

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

 
3,201,060

 
JPMCC
 
2006-LDP7 A1A CSTR 4/45
 
883,783

 
970,574

 
JPMCC
 
2006-CB16 A1A 5.546 5/45
 
1,476,443

 
1,618,321

 
JPMCC
 
2007-LD11 A2 CSTR 6/49
 
160,593

 
161,813

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

 
427,615

 
JPMCC
 
2013-C10 .7302% 12/15/47
 
235,635

 
233,514

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

 
3,594,989

 
Jefferies Grp
 
6.875 4/15/21
 
985,000

 
1,121,945

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

 
435,997

 
US 5YR Note Fut
 
MAR14 FVH4
 
639

 
(59,906
)
 
US 10YR Note Fut
 
MAR14 TYH4
 
(130
)
 
22,344

 
US Long Bond Fut
 
MAR14 USH4
 
(198
)
 
92,822

 
US Ultra(CBT) Fut
 
MAR14 WNH4
 
(93
)
 
75,563

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

 
474,824

 
Keycorp Mtn
 
2.3% 12/13/18
 
680,000

 
674,704

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

 
1,360,430

 
Kimco Realty Corp
 
3.12% 06/23
 
975,000

 
885,212

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

 
1,177,345

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

 
204,593

 
Kraft Foods
 
5.375% 02/20 WI
 
523,000

 
589,413

 
Kraft Foods Grp
 
3.5 6/22 WI
 
980,000

 
953,689

 
Kroger Co
 
2.3% 1/15/19
 
350,000

 
348,054

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

 
1,766,009

 
LBUBS
 
2006-C6 A4 5.372% 9/39
 
3,915,000

 
4,270,318


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

 
135,407

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

 
4,131,944

 
LBUBS
 
05-C1 A1A 4.581% 2/15/30
 
537,958

 
553,683

 
LBUBS
 
2005-C5 A4 4.954% 9/30
 
2,983,339

 
3,116,011

 
LBUBS
 
2004-C8 4.799% 12/29
 
2,870,681

 
2,919,368

 
Lbubs 04-C2 A4
 
4.367 3/36
 
47,834

 
47,914

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

 
2,456,269

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

 
757,484

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

 
408,508

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

 
960,289

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

 
1,028,605

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

 
1,554,669

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

 
524,053

 
Lloyds Bank Plc
 
2.3% 11/18
 
940,000

 
937,120

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

 
2,120,024

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

 
497,569

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

 
373,522

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

 
525,947

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

 
2,221,242

 
MLCFC
 
2006-4 A3 CSTR 12/49
 
2,100,000

 
2,276,648

 
MLCFC
 
2007-7 ASB 5.745% 6/50
 
1,231,394

 
1,266,895

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

 
395,573

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

 
265,760

 
Manitoba (Prov)
 
1.125% 6/1/18
 
1,190,000

 
1,160,853

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

 
1,547,001

 
Marshmclen
 
2.55% 10/15/18
 
471,000

 
471,454

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

 
2,455,806

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

 
1,140,896

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

 
892,291

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

 
743,583

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

 
82,947

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

 
449,640

 
MBALT
 
2013-B A3 0.62% 07/16
 
706,000

 
705,982

 
MBALT
 
2013-A A3 .59% 02/16
 
840,000

 
840,472

 
MBART
 
2013-1 A2 .5% 03/16
 
4,200,000

 
4,201,543

 
MBART
 
2013-1 A3 0.78% 08/17
 
570,000

 
571,264

 
MBART
 
2011-1 A3 0.85% 3/15
 
274,171

 
274,361

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

 
185,547

 
Merrill Lyn
 
6.875% 4/25/18
 
1,197,000

 
1,414,672

 
Merrill Lynch Co
 
5% 1/15/15
 
53,000

 
55,222


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

 
3,450,180

 
MLMT
 
05-CKI1 A1A CSTR 11/37
 
205,470

 
218,394

 
MLMT
 
2005-CKI1 A6 CSTR 11/37
 
2,260,748

 
2,398,916

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

 
1,067,075

 
MLMT
 
2006-C2 A1A CSTR 8/43
 
666,860

 
731,832

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

 
3,193,352

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

 
3,097,208

 
Metlife Inc
 
6.75% 6/1/16
 
164,000

 
186,462

 
Metlife Inc Step
 
12/15/2017
 
184,000

 
181,968

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

 
2,032,356

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

 
2,129,050

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

 
135,807

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

 
3,276,828

 
MLCFC
 
2006-3 A4 CSTR 7/46
 
4,629,655

 
5,018,361

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

 
1,113,693

 
Morgan Stanley
 
2.125% 4/25/18
 
2,625,000

 
2,601,128

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

 
498,888

 
Mstdw
 
5.55% 4/27/17
 
1,925,000

 
2,146,619

 
MSTDW Mtn
 
6.25% 8/28/17
 
915,000

 
1,046,569

 
MSC
 
2005-HQ7 A4 CSTR 11/42
 
3,000,000

 
3,155,061

 
MSC
 
2006-HQ8 A4 CSTR 3/44
 
4,790,000

 
5,113,742

 
MSC
 
2006-IQ11 A1A CSTR 10/42
 
877,630

 
951,102

 
MSC
 
2005-HQ5 A4 1/42
 
3,597,535

 
3,685,751

 
Mstdw
 
1.75% 2/25/16
 
412,000

 
417,507

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

 
1,369,869

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

 
322,671

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

 
3,468,793

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

 
1,076,962

 
Morgan Stanley Glb
 
6% 4/28/15
 
1,656,000

 
1,763,696

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

 
2,741,301

 
MSC
 
2006-HQ9 A4 CSTR 7/44
 
420,076

 
457,477

 
MSC
 
2007-HQ11 A31 CSTR 2/44
 
1,186,790

 
1,199,158

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

 
62,471

 
MSBAM
 
2012-C5 A1 .916% 8/45
 
344,186

 
345,065

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

 
721,231

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

 
2,243,105

 
Mylan Inc
 
1.8% 6/24/16 144A
 
325,000

 
331,324

 
Mylan Inc
 
2.55% 03/28/19
 
805,000

 
796,518

 
NCUA Gtd Nts Ma
 
1.4% 6/12/15
 
620,000

 
629,567

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

 
950,840


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

 
1,039,008

 
National Austr Ny Br
 
2% 3/9/15
 
450,000

 
457,986

 
National Austr
 
1.6% 8/07/15
 
930,000

 
944,826

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

 
1,125,429

 
National Bk Can
 
1.45% 11/7/17
 
3,020,000

 
2,934,990

 
Natl Rural
 
4.75% 3/1/14
 
159,000

 
160,135

 
Nationwide Mtn
 
4.65% 2/15 144A
 
2,745,000

 
2,859,521

 
Nbcuniversal Med
 
3.65% 4/30/15
 
430,000

 
447,200

 
Nbcuniversal Media
 
2.875% 1/23
 
725,000

 
670,111

 
New York Life
 
3% 5/4/15 144A
 
150,000

 
154,796

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

 
2,069,882

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

 
1,035,321

 
NY Life Glb
 
0.8% 2/12/16 144A
 
3,725,000

 
3,741,844

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

 
1,109,093

 
Nippon Teleg&Telep
 
1.4%7/18/17
 
1,752,000

 
1,730,217

 
Narot
 
2013-A A3 .50% 5/17
 
770,000

 
769,600

 
Narot
 
2011-B A3 0.87% 2/16
 
1,424,032

 
1,428,171

 
Nissan
 
12-A A3 ABS 0.73% 5/16
 
93,177

 
93,337

 
Narot
 
2012-A A4 1% 7/18
 
193,000

 
194,227

 
Nalt
 
2012-B A2A 0.45% 6/15
 
110,748

 
110,736

 
Nalt
 
2012-B A4 0.74% 9/18
 
240,000

 
240,208

 
Nalt
 
2013-A A3 .61% 04/16
 
930,000

 
929,874

 
Narot
 
2013-B A2 .52% 04/16
 
2,100,000

 
2,101,039

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

 
686,744

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

 
1,648,056

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

 
325,913

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

 
655,327

 
Ndass
 
3.125 03/17 SNR
 
4,480,000

 
4,684,266

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

 
686,524

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

 
19,352

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

 
1,074,670

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

 
654,493

 
Oneok Partners Lp
 
2% 10/01/17
 
1,310,000

 
1,303,058

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

 
1,068,725

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

 
546,774

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

 
2,662,769

 
Oracle Corp
 
5.25% 1/15/16
 
157,000

 
171,373

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

 
74,096

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

 
22,193

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

 
1,281,383


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

 
295,458

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

 
955,592

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

 
445,401

 
PNC Bk Na
 
1.3% 10/3/16
 
450,000

 
452,390

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

 
450,518

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

 
381,895

 
PSEG Pwr LLC
 
2.75% 9/15/16
 
315,000

 
326,164

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

 
586,234

 
Penske Truck Ls
 
2.5% 7/14 144A
 
225,000

 
226,831

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

 
1,085,925

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

 
939,235

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

 
205,779

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

 
951,087

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

 
439,522

 
Phillips
 
66 2.95% 5/1/17
 
2,255,000

 
2,345,220

 
PT Holdings Co Inc (Unlist)
 
 
 
525

 
—

 
Praxair Inc Mtn
 
4.375% 3/31/14
 
52,000

 
52,501

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

 
445,682

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

 
437,290

 
Procter & Gamble
 
1.8% 11/15/15
 
670,000

 
685,482

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

 
820,589

 
Progress Energy
 
6.05% 3/15/14
 
2,247,000

 
2,272,002

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

 
29,895

 
Rabobank Ndl
 
1.7% 3/19/18
 
950,000

 
937,802

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

 
1,079,437

 
RFCO Sp
 
10/15/20
 
630,000

 
517,910

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

 
1,144,248

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

 
2,180,977

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

 
429,655

 
Rio Tinto Fin
 
1.375% 06/17/16
 
732,000

 
743,400

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

 
644,045

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

 
591,534

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

 
1,036,744

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

 
501,780

 
Royal Bk Cda Gl
 
.85% 03/08/16
 
5,495,000

 
5,487,038

 
Royal Bk Cda Gbl
 
.8% 10/30/15
 
497,000

 
498,225

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

 
842,824

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

 
164,360

 
Royal Bk Canada
 
1.45% 10/30/14
 
2,265,000

 
2,286,237

 
Royal Bk Scotlnd
 
2.55% 9/18/15
 
1,552,000

 
1,587,319


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

 
368,114

 
RBS
 
4.875% 3/16/15
 
1,000,000

 
1,045,591

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

 
175,360

 
SLMA
 
04-6 A5 .4731% 4/20
 
47,650

 
47,521

 
SLMA
 
08-1 A2 @LIBUS3+35 10/16
 
101,664

 
101,652

 
SLMA
 
2007-6 A2 3ML+25 1/19
 
573,384

 
573,773

 
SLCLT
 
08-2 A2 @LIBUS3+45 6/17
 
101,519

 
101,598

 
SLMA
 
8/6/2002
 
182,170

 
182,581

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

 
858,046

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

 
1,172,630

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

 
921,277

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

 
449,069

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

 
492,070

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

 
1,067,542

 
Shell Intl Fin
 
4% 3/21/14
 
465,000

 
468,690

 
Shell Intl Fin
 
.9% 11/15/16
 
850,000

 
849,826

 
Sherwin William
 
1.35% 12/15/17
 
430,000

 
418,511

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

 
225,361

 
Simon Property
 
5.625% 8/15/14
 
63,000

 
64,492

 
Simon Property
 
6.1% 5/01/16
 
31,000

 
34,231

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

 
150,447

 
Simon Property
 
6.75% 5/15/14
 
1,725,000

 
1,737,084

 
Simon Property
 
2.8% 1/30/17
 
236,000

 
244,020

 
Simon Property
 
2.15% 9/15/17
 
750,000

 
760,060

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

 
165,455

 
Skandinaviska
 
2.375 11/18 144A
 
3,505,000

 
3,513,371

 
Southern Cal Ed
 
4.15 9/15/14
 
24,000

 
24,628

 
Southern Co
 
4.15% 5/14
 
47,000

 
47,627

 
Southwstrn Bell
 
7% 7/01/15
 
140,000

 
152,421

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

 
1,114,645

 
Sumitomo Mitsui Bkg
 
3% 1/18/23
 
1,385,000

 
1,283,129

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

 
2,067,896

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

 
1,129,506

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

 
2,545,947

 
Sweden Kingdm
 
10/25/2014
 
2,500,000

 
2,493,667

 
Swedbank Ab
 
2.125 9/29/17 144A
 
2,795,000

 
2,794,693

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

 
533,216

 
Thermo Fisher
 
2.4% 02/01/19
 
751,000

 
743,600

 
Thomson Corp
 
.875% 5/23/16
 
226,000

 
224,395

 
Thomson Reuter Crp
 
1.3 2/23/17
 
154,000

 
153,308


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
 
Time Warner Inc
 
3.15% 7/15/15
 
1,337,000

 
1,385,121

 
Time Warner Inc
 
4.75% 3/29/21
 
490,000

 
521,864

 
Time Warnr Inc
 
4% 1/15/22
 
715,000

 
723,018

 
Time Warner Cab
 
5.85% 5/1/17W/I
 
741,000

 
807,923

 
Time Warner Cab
 
8.75% 2/14/19
 
1,600,000

 
1,907,616

 
Toronto Dom Bk
 
2.5% 7/14/16
 
3,055,000

 
3,168,661

 
Toronto Domini
 
2.375% 10/19/16
 
1,735,000

 
1,801,194

 
Toronto Dom
 
1.4% 4/30/18
 
1,160,000

 
1,128,105

 
Toronto Domini
 
2.625% 09/10/18
 
1,930,000

 
1,967,367

 
Total Cap
 
3% 6/24/15
 
6,755,000

 
6,996,910

 
Total Cap
 
2.3% 3/15/16
 
55,000

 
56,664

 
Total Capital Sa
 
4.125% 1/28/21
 
1,150,000

 
1,214,843

 
Total Cap Cda L
 
1.45% 01/15/18
 
451,000

 
445,662

 
Total Capital Sa
 
1.5% 2/17/17
 
546,000

 
546,953

 
Total Cap Intl
 
2.875% 2/17/22
 
44,000

 
41,781

 
Total Cap Intl
 
1.55% 6/28/17
 
1,670,000

 
1,669,706

 
Toyota Mtr Cr
 
2.05% 1/12/17
 
99,000

 
101,143

 
Toyota Motor Crd
 
1.25% 10/5/17
 
640,000

 
628,008

 
Taot 2011-B A3
 
0.68% 6/15/15
 
2,706,915

 
2,709,882

 
TAOT
 
2013-A A3 .55% 01/17
 
520,000

 
519,930

 
Toyota Motor Cr
 
2% 10/24/18
 
2,450,000

 
2,447,996

 
TAOT
 
2013-B A3 1.15% 07/17
 
4,200,000

 
4,216,860

 
Travelers Cos Inc
 
5.8% 5/15/18
 
35,000

 
40,300

 
Tyco Electric Grp
 
1.6% 2/03/15
 
233,000

 
235,293

 
Tyco Electr Gr
 
2.375% 12/17/18
 
93,000

 
91,657

 
Udr Inc Mtn
 
5.5% 4/1/14
 
460,000

 
465,100

 
Ubsbb
 
2012-C2 A1 1.006% 5/63
 
312,354

 
313,188

 
Ubscm
 
2012-C1 A1 1.032% 5/45
 
190,041

 
190,806

 
Ubscm
 
2012-C1 A2 2.180% 5/45
 
360,000

 
366,390

 
Ubsbb
 
2012-C4 A1 .6728% 12/45
 
227,677

 
226,669

 
USAA Capital
 
1.05% 9/14 144A
 
507,000

 
509,281

 
Ubsbb
 
2013-C6 A1 .805% 4/46
 
268,088

 
265,794

 
Union Bk Na
 
3% 6/6/16
 
500,000

 
522,826

 
Union Bank
 
1.5% 9/26/16
 
305,000

 
308,436

 
Union Bk Na Sa
 
2.625% 09/26/18
 
1,555,000

 
1,582,119

 
Union Pacific
 
4.875% 1/15/15
 
117,000

 
122,214

 
Union Pac Corp
 
5.65 5/1/17
 
18,000

 
20,223

 
UAL Pass Thru Etc
 
9.75% 1/17
 
197,662

 
227,312

 
United Parcel S
 
5.125% 4/1/19
 
2,100,000

 
2,387,253

 
US Bancorp Mtn
 
4.2% 5/15/14
 
990,000

 
1,003,945


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
 
US Bancorp Mtn
 
1.95% 11/15/18
 
460,000

 
457,289

 
US Bancorp Med
 
2.95% 7/15/22
 
775,000

 
718,978

 
Vende
 
1994-1 2ZB 6.5% 2/24
 
425,203

 
467,356

 
US T-bills
 
0% 01/23/14
 
145,000

 
144,999

 
Ustprin
 
0% 05/15/43
 
1,570,000

 
458,303

 
USTB
 
8.875% 8/15/17
 
197,000

 
251,313

 
USTN TII
 
0.625% 02/15/2043
 
525,000

 
409,948

 
USTB
 
3.625% 08/15/43
 
7,950,000

 
7,476,729

 
USTB
 
3.75% 11/15/43
 
775,000

 
746,058

 
USTN
 
.25% 11/30/15
 
19,315,000

 
19,276,525

 
USTN
 
1.25% 11/30/18
 
2,620,000

 
2,562,483

 
UST Notes
 
0.625% 12/15/16
 
6,059,000

 
6,033,910

 
USTN
 
1.5% 12/31/18
 
36,656,000

 
36,223,569

 
USTN
 
2.375% 12/31/20
 
14,375,000

 
14,300,883

 
USTN
 
4.5% 5/15/17
 
10,755,000

 
12,001,064

 
USTN
 
4.25% 11/15/17
 
14,655,000

 
16,311,704

 
USTN
 
3.5% 2/15/18
 
10,260,000

 
11,132,900

 
USTN
 
3.125% 10/31/16
 
13,550,000

 
14,457,213

 
USTN
 
3.25% 12/31/16
 
740,000

 
793,650

 
USTN
 
3.125% 4/30/17
 
20,070,000

 
21,482,747

 
USTN
 
2.5 6/30/17
 
25,575,000

 
26,831,781

 
USTN
 
1.25% 9/30/15
 
22,341,000

 
22,703,170

 
USTN
 
2.125% 12/31/15
 
1,000

 
1,034

 
USTN
 
1.5% 6/30/16
 
4,055,000

 
4,148,456

 
USTN
 
1% 8/31/16
 
14,500,000

 
14,634,807

 
USTN
 
1.375% 9/30/18
 
309,000

 
305,041

 
USTN
 
1% 9/30/16
 
30,047,000

 
30,302,880

 
USTN
 
.875% 11/30/16
 
28,731,000

 
28,820,784

 
USTN
 
.875% 12/31/16
 
5,525,000

 
5,537,089

 
USTN
 
.875% 1/31/17
 
28,971,000

 
28,998,175

 
USTN
 
1% 3/31/17
 
850,000

 
851,860

 
USTN
 
.875% 4/30/17
 
40,432,000

 
40,305,650

 
USTN
 
0.375% 6/15/15
 
20,745,000

 
20,787,942

 
USTN
 
.750% 6/30/17
 
3,065,000

 
3,032,434

 
USTN
 
.5% 7/31/17
 
32,860,000

 
32,159,162

 
USTN
 
.875% 7/31/19
 
17,580,000

 
16,541,690

 
USTN
 
.625% 8/31/17
 
4,795,000

 
4,704,720

 
USTN
 
.25% 9/15/15
 
22,675,000

 
22,655,522

 
USTN
 
.625% 9/30/17
 
9,075,000

 
8,884,280

 
USTN
 
.25% 10/15/15
 
7,000,000

 
6,990,704


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
 
USTN
 
.375% 11/15/15
 
325,000

 
325,203

 
USTN
 
.75% 12/31/17
 
8,450,000

 
8,264,166

 
USTN
 
.375% 01/15/16
 
4,000,000

 
3,998,436

 
USTN TII
 
.125% 04/15/18
 
7,805,000

 
8,046,436

 
US T Note
 
0.125% 04/30/15
 
50,415,000

 
50,353,947

 
US T Note
 
.625% 4/30/2018
 
3,070,000

 
2,959,670

 
USTN
 
.375% 06/30/15
 
18,020,000

 
18,057,301

 
USTN
 
1.375% 06/30/18
 
17,075,000

 
16,940,261

 
USTN TII
 
.375% 07/15/23
 
1,820,000

 
1,760,766

 
USTN
 
.25% 07/31/15
 
5,525,000

 
5,524,569

 
USTN
 
1.375% 07/31/18
 
485,000

 
480,415

 
USTN
 
.625% 08/15/16
 
11,760,000

 
11,760,917

 
USTN
 
.375% 08/31/15
 
7,075,000

 
7,085,499

 
USTN Notes
 
.875% 09/15/16
 
1,235,000

 
1,242,333

 
UST Notes
 
0.25% 09/30/2015
 
35,390,000

 
35,356,804

 
USTN
 
.625% 10/15/16
 
10,620,000

 
10,600,088

 
UST Notes
 
0.25% 10/31/15
 
51,549,000

 
51,476,522

 
UST Notes
 
1.25% 10/31/18
 
6,561,000

 
6,428,245

 
USTN
 
2.75% 11/15/23
 
950,000

 
927,734

 
USTN
 
.625% 11/15/16
 
5,880,000

 
5,861,625

 
USTCOUP
 
5/15/16
 
2,808,000

 
2,771,757

 
USTCOUP
 
8/15/2016

 
1,265,000

 
1,243,677

 
USTCOUP
 
11/15/16
 
3,300,000

 
3,228,489

 
USTCOUP
 
8/15/17
 
360,000

 
344,923

 
USTCOUP
 
11/15/17
 
675,000

 
641,711

 
US Trsy Strip
 
0% 5/15/18
 
900,000

 
840,746

 
United Tech Corp
 
3.1% 6/01/22
 
1,935,000

 
1,889,162

 
Unitedhealth Inc Mtn
 
4.7% 2/21
 
2,150,000

 
2,342,836

 
Unitedhealth Grp
 
1.875% 11/16
 
339,000

 
346,033

 
Unitedhealth Grp
 
.85% 10/15/15
 
124,000

 
124,496

 
Unitedhealth Grp
 
1.4% 10/15/17
 
88,000

 
86,852

 
Ventas Rlty Lp/Cap
 
2% 2/15/18
 
2,635,000

 
2,589,043

 
Ventas Rlty
 
1.55% 09/26/16
 
195,000

 
196,369

 
Verizon Comm Inc
 
4.6% 4/01/21
 
1,000,000

 
1,054,973

 
Verizon Com
 
2% 11/1/16
 
920,000

 
938,662

 
Verizon Comm
 
1.1% 11/01/17
 
430,000

 
418,169

 
Verizon Com
 
3.65% 09/14/18
 
1,970,000

 
2,084,329

 
Verizon Comm
 
5.15% 09/15/23
 
8,360,000

 
8,961,928

 
Viacom Inc New
 
2.5% 12/15/16
 
1,970,000

 
2,037,197

 
Viacom Inc New
 
3.875% 12/15/21
 
15,000

 
14,887


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
 
Viacom Inc
 
2.5% 09/01/18
 
350,000

 
352,643

 
Virginia El&Pwr
 
2.95% 1/15/22
 
340,000

 
328,012

 
Vodafone Grp Plc
 
4.15% 6/10/14
 
540,000

 
548,612

 
Vodafone Grp Plc
 
1.25% 9/26/17
 
710,000

 
693,508

 
Vodafone Grup Plc
 
1.5% 2/19/18
 
470,000

 
458,033

 
VW Intl Fin Nv
 
1.625% 3/15 144A
 
880,000

 
889,930

 
Volkswagen
 
2.375% 3/22/17 144A
 
410,000

 
420,623

 
Volkswagen
 
1.6% 11/20/17 144A
 
3,525,000

 
3,479,383

 
Volkswagen
 
2.125% 11/18 144A
 
600,000

 
592,500

 
Valet
 
2012-2 A2 0.57% 7/15
 
134,924

 
134,924

 
Valet
 
2013-1 A3 .56% 8/17
 
710,000

 
709,091

 
VWALT
 
2013-A A3 0.84% 07/16
 
590,000

 
592,412

 
Valet
 
2013-2 A3 0.7% 04/18
 
910,000

 
908,284

 
WFRBS
 
13-C14 A1 .836% 6/15/46
 
195,997

 
193,954

 
WFRBS
 
2013-C14 A2 2.133% 6/46
 
190,000

 
189,532

 
WFRBS
 
2011-C5 A1 1.456% 11/44
 
88,747

 
89,322

 
WFRBS
 
2012-C6 A1 1.081% 4/45
 
105,736

 
105,936

 
WFRBS
 
2012-C8 A1 .864% 8/45
 
198,305

 
197,226

 
WFRBS
 
2012-C8 A2 1.881% 8/45
 
400,000

 
400,004

 
WFRBS
 
2013-C11 A1 .799% 03/45
 
123,550

 
122,512

 
WFRBS
 
13-C13 A1 0.778% 5/45
 
191,770

 
189,962

 
WBCMT
 
05-C21 A4 5.274% 10/44
 
2,975,287

 
3,153,718

 
WBCMT
 
2004-C11 A5 5.215 1/41
 
137,499

 
137,571

 
WBCMT
 
2006-C23 A4 5.418% 1/45
 
2,146,650

 
2,288,267

 
WBCMT
 
06-C23 A1A CSTR 1/45
 
764,300

 
823,161

 
WBCMT
 
2006-C23 A5 CSTR 1/45
 
760,000

 
818,697

 
WBCMT
 
06-C24 A1A CSTR 3/45
 
457,241

 
494,160

 
Wachovia Bk Na Bn
 
6% 11/15/17
 
300,000

 
346,030

 
WBCMT
 
2006-C25 A4 CSTR 5/43
 
2,597,000

 
2,801,773

 
WBCMT
 
2006-C25 A5 CSTR 5/43
 
1,875,000

 
2,050,028

 
WBCMT
 
2006-C25 A1A CSTR 5/43
 
2,748,571

 
3,006,368

 
Wachovia Corp Mtn
 
5.75% 2/1/18
 
2,000,000

 
2,305,172

 
WBCMT
 
2006-C26 A1A CSTR 6/45
 
519,889

 
569,142

 
WBCMT
 
2006-C28 A4 5.572% 10/48
 
4,000,000

 
4,377,396

 
WBCMT
 
2006-C28 A1A CSTR 10/48
 
2,993,986

 
3,261,385

 
WBCMT
 
2007-C33 A3 CSTR 2/51
 
1,364,327

 
1,381,308

 
WBCMT
 
2007-C33 APB CSTR 2/51
 
879,339

 
894,971

 
WBCMT
 
2006-C29 A1A 5.297 11/48
 
374,775

 
410,832

 
WBCMT
 
2007-C31A A2 5.421% 4/47
 
220,304

 
220,558

 
Wachovia Corp
 
4.875% 2/15/14
 
193,000

 
193,957


46
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



Identity of Issue, borrower, lessor, or similar party
 
Description of investment including maturity date, rate of interest, collateral, par, or maturity value
 
Shares/Units/ Principal
 
 Current Value
 
Walmart
 
2.875% 4/01/15
 
2,100,000

 
2,165,944

 
Wal Mart Stores
 
2.8% 4/15/16
 
1,430,000

 
1,497,658

 
Wal-Mart Stores
 
1.125% 4/18
 
1,500,000

 
1,455,053

 
Watson Pharma Inc
 
3.25% 10/1/22
 
700,000

 
651,902

 
Weatherford Int Mtn
 
5.125% 9/20
 
2,300,000

 
2,467,912

 
Wellpoint Inc
 
1.25% 9/10/15
 
124,000

 
124,862

 
Wellpoint Inc
 
3.3% 1/15/23
 
535,000

 
498,484

 
Wellpoint Inc
 
1.875% 1/15/18
 
226,000

 
223,372

 
Wellpoint Inc
 
2.3% 07/15/18
 
327,000

 
324,244

 
Wells Fargo&Com
 
3.676% 6/15/16
 
1,500,000

 
1,597,016

 
Wells Fargo
 
1.5% 01/18
 
930,000

 
923,576

 
Wells Fargo Co
 
4.125% 8/15/23
 
2,165,000

 
2,130,925

 
Wells Fargo & Co
 
2.15% 1/15/19
 
1,050,000

 
1,046,137

 
Wells Fargo Bk Glb
 
4.75 2/9/15
 
315,000

 
329,153

 
WFCM
 
2013-LC12 A1 1.676% 7/46
 
744,778

 
745,325

 
Western Gas Part
 
4% 7/01/22
 
395,000

 
376,448

 
Western Union Co
 
2.875 12/17
 
467,000

 
473,913

 
Westpac Banking
 
4.2% 2/27/15
 
1,070,000

 
1,115,540

 
Westpac Bankig Corp
 
3% 12/9/15
 
31,000

 
32,329

 
Westpac Banking Crp
 
2% 8/14/17
 
772,000

 
776,299

 
Wrapper
 
WRAPPER
 
—

 
173,603

 
WPACBKG
 
1.6% 1/12/18
 
1,000,000

 
984,691

 
Westpac Banking
 
3ML+74 7/30/18
 
2,985,000

 
2,999,740

 
Williams Partnr
 
5.25% 3/15/20
 
1,450,000

 
1,583,806

 
WOART
 
2012-A A3 0.64% 2/17
 
560,000

 
560,787

 
WOART
 
2012-B A2 0.43% 11/15
 
123,251

 
123,284

 
Wols
 
2012-A A3 0.93% 11/15
 
290,000

 
290,706

 
WOART
 
2013-A A3 .64% 4/16/18
 
400,000

 
399,584

 
Wols
 
2013-A A3 1.10% 12/16
 
840,000

 
842,986

 
WOART
 
2013-B A3 .83% 08/18
 
4,300,000

 
4,294,560

 
Wrigley (Wm.) J
 
2 10/17 144A
 
340,000

 
338,913

 
Wyndham Worldwide Mtn
 
4.25% 3/22
 
1,000,000

 
974,609

 
Wyndham Worldwide
 
2.5% 3/18
 
390,000

 
388,500

 
Xerox Corp
 
3ML+82 5/16/14
 
775,000

 
775,641

 
Xerox Corp
 
2.95% 3/15/17
 
270,000

 
277,082

 
Xerox Corp
 
2.75% 03/15/19
 
554,000

 
548,762

 
Xstrata Can Crp
 
2.85% 11/14 144
 
965,000

 
978,369

 
Xstrata Can Fin
 
3.6% 1/17 144A
 
2,000,000

 
2,085,446

 
Xstrata Fn Cda
 
2.45 10/17 144A
 
1,555,000

 
1,571,996

 
Xylem Inc
 
3.55% 9/20/16
 
1,175,000

 
1,234,083


47
Table of Contents
Raytheon Savings and Investment Plan
Schedule H Line 4i - Schedule of Assets (Held at End of Year)



Identity of Issue, borrower, lessor, or similar party
 
Description of investment including maturity date, rate of interest, collateral, par, or maturity value
 
Shares/Units/ Principal
 
 Current Value
 
Xylem Inc
 
4.875% 10/01/21
 
400,000

 
416,425

Total Investment Contracts
 
 
 
1,959,457,179

 
 
 
 
 
 
 
 
Registered Investment Companies
 
 
 
 
 
 
 
* Fidelity Institutional Money Market – Money Market Portfolio – Institutional Class
 
Money Market Fund
 
989,015,929

 
989,015,929

 
* Fidelity Prime Money Market
 
Money Market Fund
 
34,111,343

 
34,111,343

 
Janus Balanced N Fund
 
Equity Based Fund
 
47,694,640

 
1,429,408,350

 
OPP DEVELOPING MKTS I
 
Equity Based Fund
 
3,554,660

 
133,548,582

 
Pimco Total Return Institutional Fund
 
Fixed Income Based Fund
 
51,587,180

 
551,466,949

 
* SPTN INT TR IDX ADV
 
Fixed Income Based Fund
 
12,104,743

 
127,826,081

 
T. Rowe Price Institutional Small-Cap Stock Fund
 
Equity Based Fund
 
29,143,184

 
590,440,917

 
Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares
 
Equity Based Fund
 
44,846,268

 
1,897,894,064

 
Brokerage Link
 
Various
 
 
 
431,120,130

Total Registered Investment Companies
 
 
 
6,184,832,345

 
 
 
 
 
 
 
 
Common Collective Trusts
 
 
 
 
 
 
 
Harris Associates Oakmark Global Collective Fund
 
Equity Based Funds
 
20,912,287

 
298,627,464

 
Northern Trust Collective Aggregate Bond Index Fund - DC – Non-Lending
 
Fixed Income Based Funds
 
5,350,264

 
555,089,875

 
Northern Trust ACWI ex-US Fund - DC NonLending(a)
 
Equity Based Funds
 
8,012,658

 
1,063,520,059

 
Northern Trust Collective Russell 2000 Index Fund - DC Non-Lending
 
Equity Based Funds
 
5,057,303

 
837,236,534

 
Northern Trust Collective S&P 500 Index Fund - DC - Non-Lending
 
Equity Based Funds
 
14,567,963

 
2,198,159,979

Total Common Collective Trusts
 
 
 
 
 
4,952,633,911

 
 
 
 
 
 
 
 
Raytheon Company Common Stock
 
 
 
 
 
 
 
* Raytheon Company
 
Raytheon Common Stock
 
14,945,463

 
1,355,553,494

Total Raytheon Company Common Stock
 
 
 
1,355,553,494

 
 
 
 
 
 
 
 
Total Investments
 
 
 
14,452,476,929

 
 
 
 
 
 
 
 
 
* Participant Loans
 
3.25% - 10.00%
 
 
 
238,572,568

 
 
 
 
 
 
 
 
 
Adjustment from fair value to contract value for interest in fully benefit-responsive investment contracts
 
 
 
 
 
(51,326,695
)
 
 
 
 
 
 
 
 
Total Investments at Contract Value Including Participant Loans
 
 
 
$
14,639,722,802

 
 
 
 
 
 
 
 
*Party in interest


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SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 12, 2014            
RAYTHEON SAVINGS AND INVESTMENT PLAN
 
 
 
By:
/s/ Michael J. Wood
 
Michael J. Wood
 
Vice President, Controller and Chief Accounting Officer
 
Principal Accounting Officer



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EXHIBIT INDEX

23.1

 
Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm.
 
 
 

















































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