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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK
REPURCHASE SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
ý
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2015.
 
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 2015 Form 5500
Annual Report of Employee Benefit Plan
Under Employee Retirement Income Security Act of 1974
December 31, 2015 and 2014


Table of Contents
Raytheon Savings and Investment Plan
Table of Contents to Financial Statements and Supplemental Schedule
December 31, 2015 and 2014



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




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Report of Independent Registered Public Accounting Firm

To the Administrator of the Raytheon Savings and Investment Plan:

In our opinion, the accompanying statements of net assets available for benefits and the related statement of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the Raytheon Savings and Investment Plan (the “Plan”) at December 31, 2015 and December 31, 2014, and the changes in net assets available for benefits for the year ended December 31, 2015 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

The supplemental schedule of assets (held at end of year) at December 31, 2015 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the schedule of assets (held at end of year) is fairly stated, in all material respects, in relation to the financial statements as a whole.


/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
June 14, 2016

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Raytheon Savings and Investment Plan
Statements of Net Assets Available for Benefits
December 31, 2015 and 2014
 
 
2015
 
2014
Assets
 
 
 
 
Total investments at fair value (Notes 2 and 3)
 
$
12,961,239,315

 
$
13,178,883,752

 
 
 
 
 
Fully benefit-responsive investment contracts at contract value (Note 4)
 
1,666,208,119

 
1,720,067,185

 
 
 
 
 
Receivables
 
 
 
 
Notes receivable from participants
 
220,276,490

 
229,201,216

Receivables for securities sold
 
99,143

 
5,018,590

Accrued investment income and other receivables
 
22,324,941

 
13,223,688

Total receivables
 
242,700,574

 
247,443,494

 
 
 
 
 
Total assets
 
14,870,148,008

 
15,146,394,431

Liabilities
 
 
 
 
Payable for securities purchased
 
5,655,844

 
10,035,167

Accrued investment expenses and other payables
 
2,019,569

 
2,942,451

Total liabilities
 
7,675,413

 
12,977,618

 
 
 
 
 
Net assets available for benefits
 
$
14,862,472,595

 
$
15,133,416,813


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, 2015


 
 
2015
Additions to net assets attributable to:
 
 
 
 
 
Interest and dividends
 
$
298,900,242

Interest income on notes receivable from participants (Note 2)
 
7,564,961

Other revenue (Note 5)
 
168,761

 
 
 
Contributions
 
 
Employee contributions
 
608,916,051

Employer contributions
 
274,687,794

 
 
883,603,845

Total additions
 
1,190,237,809

 
 
 
Deductions from net assets attributable to:
 
 
 
 
 
Distributions to participants
 
$
1,319,193,843

Net depreciation of investments (Notes 2 and 3)
 
131,935,912

Administrative expenses
 
10,052,272

Total deductions
 
1,461,182,027

 
 
 
Decrease in net assets available for benefits
 
(270,944,218
)
Net assets, beginning of year
 
15,133,416,813

Net assets, end of year
 
$
14,862,472,595


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


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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2015 and 2014


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”).

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 $265,000 for the 2015 plan year. Employee contributions, including rollovers, are invested based on participant investment elections. For 2015, the annual employee pretax elective deferral contributions for a participant cannot exceed $18,000, except for catch-up contributions. Participants also may make after tax contributions, but total employee (pretax and after tax) contributions and employer contributions may not exceed $53,000 for the 2015 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 2015 may make pretax catch-up contributions up to $6,000. Participants may also make after tax Roth 401(k) contributions, which are aggregated with pretax contributions for purposes of the limits on contributions.

For most employees hired after December 31, 2009, for the first five consecutive years of service, the Company matches 100% of the first 3% of eligible compensation that a participant contributes to the Plan each pay period. After the first five consecutive years of service, the Company matches 100% of the first 4% of eligible compensation. For most employees hired before January 1, 2010, the Company matches 100% of the first 4% of eligible compensation that a participant contributes to the Plan each pay period. Matching Company contributions are made in cash and are invested based on the investment allocation elected by each participant.

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

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

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

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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2015 and 2014


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, 2015 and 2014, unallocated Plan forfeitures were $65,997 and $148,362, respectively. During 2015, the total amount of forfeitures were $2,725,845.
 
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, 2015 and 2014, the interest rates on the outstanding loans ranged from 3.25% to 9.50% and 3.25% to 10.00%, respectively.

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

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 $32,634,662 in dividends earned by the Plan in 2015, $902,247 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 (US GAAP).

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




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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2015 and 2014


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

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

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

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

Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued interest. No allowance for credit losses have been recorded as of December 31, 2015 or 2014. Delinquent participant loans are classified as distributions based upon the terms of the plan document.

Payment of Benefits
Benefits are recorded when paid.

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

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

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

In July 2015, FASB issued ASU No. 2015-12 "I.Fully Benefit-Responsive Investment Contracts, II. Plan Investment Disclosures, III. Measurement Date Practical Expedient." Under Part I of the update, fully benefit-responsive investment contracts are measured, presented and disclosed at contract value for defined contribution and health and welfare benefit plans. Part II of the update eliminates the requirement to disclose individual investments that represent five percent or more of net assets available for benefits and the net appreciation or depreciation for investment by general type. Additionally, Part II requires that investments of employee benefit plans be grouped only by general type, eliminating the need to disaggregate the investment in multiple ways. Part III of the update provides a practical expedient to permit plans to measure investment and investment-related accounting as of a month-end date that is closest to the plan's fiscal year-end, when the fiscal period does not coincide with a month-end.

The update is effective for fiscal years beginning after December 15, 2015. The Plan's financial statements reflect the early adoption, including retrospective application, as allowed by the accounting standard. The adoption of the standard did not result in a material change to the presentation of the financial statements as a whole.

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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2015 and 2014


3. Fair Value Measurements

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

A financial instrument's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

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, 2015 and 2014.

Investments in registered investment companies 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.

The Plan invests in common collective trusts ("CCT") which are valued at the net asset value ("NAV") of the CCT. The NAV, as provided by the investment manager or custodian, is net of fees and is based on the fair value of the underlying investments held by the CCT less its liabilities. Participant transactions (purchases and sales) may occur daily. If the Plan were to initiate a full redemption of the CCT, the investment adviser reserves the right to temporarily delay withdrawal from the trust in order to ensure that securities liquidations will be carried out in an orderly business manner.

The following tables set forth the investment assets of the Plan that were measured at fair value on a recurring basis by level within the fair value hierarchy. We classify assets measured at fair value in their entirety based on the lowest level of input that is significant to their fair value measurement.
 
Fair Value of Investment Assets as of 12/31/2015
 
Total
Level 1
Level 2
Level 3
 
 
 
 
 
Registered investment companies
$
5,613,215,935

$
5,613,215,935

$
—

$
—

BrokerageLink
495,413,917

495,413,917

—

—

Raytheon Company common stock
1,475,053,616

1,475,053,616

—

—

Common collective trusts
5,377,555,847

—

5,377,555,847

—

          Total investments at fair value
$
12,961,239,315

$
7,583,683,468

$
5,377,555,847

$
—


During December 31, 2015, there were no transfers between levels.

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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2015 and 2014

 
Fair Value of Investment Assets as of 12/31/2014
 
Total
Level 1
Level 2
Level 3
 
 
 
 
 
Registered investment companies
$
5,769,462,841

$
5,769,462,841

$
—

$
—

BrokerageLink
474,451,635

474,451,635

—

—

Raytheon Company common stock
1,396,017,465

1,396,017,465

—

—

Common collective trusts
5,538,951,811

—

5,538,951,811

—

          Total investments at fair value
$
13,178,883,752

$
7,639,931,941

$
5,538,951,811

$
—


During December 31, 2014, there were no transfers between levels.


4. Fully Benefit-Responsive Investment Contracts (FBRICs)

For the plan year ended December 31, 2015 and 2014, the Plan included the Fixed Income Fund, which holds four FBRICs issued by American General Life Insurance Company, JP Morgan Chase Bank, Prudential Insurance Company of America and State Street Bank and Trust Company (collectively the “FBRIC Providers”).

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

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

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

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

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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2015 and 2014

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

1.    The Plan's failure to qualify under Section 401(a) or Section 401(k) of the Code.
2.    The establishment of a defined contribution plan that competes with the Plan for employee contributions.
3.    Any substantive modification of the Plan or the administration of the Plan that is not consented to by the
FBRIC 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 FBRIC Provider may terminate a FBRIC at any time. In the event that the market value of the Fixed Income Fund's wrapped assets is below their contract value at the time of such termination, the Trustee may elect to keep the FBRIC in place until such time as the market value of the Fixed Income Fund's wrapped assets is equal to their contract value. A FBRIC Provider may also terminate a FBRIC if Fidelity Management Trust Company's (FMTC) investment management authority over the Fixed Income Fund is limited or terminated as well as if all of the terms of the FBRIC fail to be met. In the event that the market value of the Fixed Income Fund's wrapped assets is below their contract value at the time of such termination, the terminating FBRIC Provider would not be required to make a payment to the Fixed Income Fund.

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

The FBRIC Provider may elect to terminate the FBRIC for no reason by giving certain notice to the Trustee. If, at any time, prior to dates agreed to in each FBRIC for the receipt of such notice, the Trustee objects to such election, the Trustee shall be

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Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2015 and 2014

deemed to have made an immunization election and the immunization provisions of the FBRIC apply. The immunization provision results in the wrapped portion of the Fixed Income Fund being managed according to more conservative immunization investment guidelines provided for in the FBRIC and the contract can terminate in segments over a period of time. In the event a FBRIC Provider sought to terminate its FBRIC or immunize its portion of the Fixed Income Fund, the Fund can seek to replace that FBRIC Provider with another financial institution.

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

5. Certain Transactions Involving Related Parties and Parties-In-Interest

The Trustee of the Plan, FMTC, is a party-in-interest with respect to the Plan. Certain Plan transactions involve FMTC or its affiliates. For example, certain Plan investments are shares of registered investment companies managed by affiliates of FMTC. The Plan also pays fees to the Trustee. In addition, the Plan has a revenue sharing agreement with the Trustee whereby certain revenue received by the Trustee from sponsors of some Plan investment options is paid to the Trust. For the year ended December 31, 2015, $168,761 in such revenue sharing was allocated to participant accounts.

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

The Plan Sponsor, Raytheon Company, is a party-in-interest with respect to the Plan. In accordance with the provisions of the Plan, the Trustee acts as the Plan's agent for purchases and sales of shares of Raytheon Company common stock. Purchases amounted to $27,208,705 and sales amounted to $106,711,791 for the year ended December 31, 2015. Dividend income from shares of Raytheon Company common stock amounted to $31,732,415 for the year ended December 31, 2015.

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

6. Plan Termination

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

7. Federal Income Tax Status

The Internal Revenue Service (“IRS”) has determined and informed the Company by letter dated June 25, 2012, that the design of the Plan meets the requirements for qualification under Code section 401(a), on which the tax exemption of the Trust under Code section 501(a) is based. The Plan has been amended since receiving the determination letter. The 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, 2015 and 2014, 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.

11
Table of Contents
Raytheon Savings and Investment Plan
Notes to Financial Statements
December 31, 2015 and 2014


8. Risks and Uncertainties

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

Counterparty credit risk is the risk that a counterparty to a financial instrument will fail on a commitment that it has entered into with the Plan. The Plan minimizes concentrations of counterparty credit risk by undertaking transactions with multiple counterparties. The Plan's investment 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.

12
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
 
 
 
 
 
 
 
21St Centy Fox
 
6.9% 3/1/19
 
$
925,000

 
$
1,050,913

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

 
2,668,744

 
Abbvie Inc
 
3.2% 11/06/22
 
1,335,000

 
1,314,637

 
Abbvie Inc
 
3.6% 5/14/25
 
835,000

 
824,197

 
Abbvie Inc
 
2.5% 5/14/20
 
500,000

 
495,057

 
ABN Amro Bk
 
2.5% 10/18 144A
 
2,645,000

 
2,661,841

 
Ace Ina Holding
 
2.3% 11/03/20
 
255,000

 
253,281

 
Ace Ina Holding
 
2.875% 11/22
 
3,090,000

 
3,068,435

 
Actavis Funding
 
2.35% 3/12/18
 
780,000

 
780,935

 
Actavis Funding
 
3% 3/12/20
 
333,000

 
332,735

 
Actavis Funding
 
3.45% 3/22
 
7,785,000

 
7,797,433

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

 
261,737

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

 
239,187

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

 
648,386

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

 
1,394,762

 
Allya
 
2013-2 A3 0.79% 01/18
 
1,656,855

 
1,655,287

 
Allya
 
2015-1 A3 1.39% 09/19
 
528,000

 
525,850

 
Allyl
 
2015-SN1 A3 1.21% 03/17
 
182,000

 
181,214

 
Allyl
 
2014-SN1 A3 0.75% 02/17
 
446,954

 
446,509

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

 
48,974

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

 
507,017

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

 
309,616

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

 
1,790,084

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

 
538,648

 
American Intl Group
 
2.3% 7/19
 
2,155,000

 
2,136,989

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

 
2,375,805

 
Amxca
 
2013-3 A 0.98% 05/19
 
6,342,000

 
6,336,361

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

 
2,494,929

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

 
988,275

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

 
1,086,881

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

 
524,301

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

 
171,250

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

 
3,087,899

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

 
680,857

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

 
1,813,975

 
Apple Inc
 
1% 5/3/18
 
1,713,000

 
1,699,550

 
Apple Inc
 
2.85% 5/6/21
 
660,000

 
676,211

 
Apple Inc
 
2.15% 2/09/2022
 
1,750,000

 
1,699,201

 
AT&T Inc
 
3.875% 8/15/21
 
635,000

 
657,022


13
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
 
AT&T Inc
 
1.6% 2/15/17
 
1,200,000

 
1,203,332

 
AT&T Inc
 
2.45% 6/30/20
 
502,000

 
494,572

 
AT&T Inc
 
3.4% 5/15/25
 
4,725,000

 
4,541,741

 
Atmos Energy
 
6.35% 6/15/17
 
126,000

 
134,231

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

 
648,871

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

 
431,034

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

 
455,690

 
Australia & Nz
 
2.7% 11/16/20
 
1,690,000

 
1,695,711

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

 
216,973

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

 
2,375,286

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

 
8,990,163

 
BACCT
 
2015-A1 A 1Ml+33 6/20
 
2,850,000

 
2,844,421

 
BACM
 
2006-2 A4 CSTR 5/45
 
1,071,673

 
1,073,076

 
BACM
 
2006-2 A1A CSTR 5/45
 
1,834,299

 
1,839,722

 
BACM
 
2006-4 A4 5.634% 7/46
 
352,025

 
354,884

 
BACM
 
2006-4 A1A CSTR 7/46
 
1,008,731

 
1,017,549

 
BACM
 
2007-4 A4 CSTR 2/51
 
4,328,717

 
4,503,713

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

 
4,865,683

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

 
1,676,142

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

 
1,261,830

 
Bank Amer Fdg C
 
3.95% 04/21/25
 
1,120,000

 
1,090,722

 
Bank Amer Fdg Crp
 
2.6% 1/15/19
 
3,750,000

 
3,762,731

 
Bank Amer Na
 
1.75% 6/05/18
 
500,000

 
497,189

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

 
891,970

 
Bank Of America
 
6% 9/01/17
 
1,065,000

 
1,133,360

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

 
268,317

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

 
722,119

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

 
449,468

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

 
454,899

 
Bank Tokyo-Msb
 
2.3% 03/20 144A
 
380,000

 
374,732

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

 
1,978,842

 
Barclays Bnk Plc
 
2.5% 02/20/19
 
700,000

 
701,597

 
Barclays Glb Mtn
 
5% 9/22/16
 
4,105,000

 
4,210,215

 
Barclays Plc
 
2.875% 6/20
 
1,015,000

 
1,012,871

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

 
332,780

 
Bat Intl Fin
 
2.75% 6/20 144A
 
500,000

 
500,079

 
Bat Intl Fin
 
3.5% 6/22 144A
 
1,400,000

 
1,435,987

 
Baxalta Inc
 
3.6% 6/23/22 144A
 
715,000

 
715,192

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

 
1,125,053

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

 
1,144,723


14
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
 
BB&T Corporation
 
6.85% 4/19
 
9,000

 
10,260

 
Bear
 
7.25% 2/01/18
 
1,350,000

 
1,489,265

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

 
1,175,931

 
Becton Dickinso
 
2.675% 12/19
 
120,000

 
120,687

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

 
1,428,866

 
Berkley Wr Corpmtn
 
7.375% 9/19
 
700,000

 
811,977

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

 
1,316,219

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

 
1,321,832

 
Bmwlt
 
2015-1 A3 1.24% 12/17
 
590,000

 
589,094

 
Bmwlt
 
2014-1 A3 0.73% 02/17
 
611,786

 
611,180

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

 
453,229

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

 
678,610

 
Bpce Sa
 
2.5% 7/15/19
 
1,300,000

 
1,304,359

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

 
781,791

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

 
1,076,952

 
BSCMS
 
2006-T22 A1A CSTR 4/38
 
402,941

 
404,026

 
BSCMS
 
06-PW12 A1A CSTR 9/38
 
456,814

 
458,547

 
BSCMS
 
2006-PW13 A4 5.54%0 9/41
 
3,124,052

 
3,153,631

 
BSCMS
 
2006-PW13 A1A 5.533% 9/41
 
629,980

 
638,787

 
BSCMS
 
2006-PW14 A4 5.201% 12/38
 
3,339,363

 
3,403,851

 
BSCMS
 
2006-PW14 A1A 5.189%
 
278,740

 
284,736

 
BSCMS
 
2007-T26 A4 CSTR 1/45
 
2,853,805

 
2,937,278

 
BSCMS
 
2007-T28 A1A 5.71% 9/42
 
2,207,205

 
2,317,587

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

 
2,107,888

 
BWSTA
 
2015-1 A3 1.31% 10/19
 
4,300,000

 
4,273,666

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

 
1,554,076

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

 
2,653,177

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

 
955,415

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

 
906,201

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

 
19,313

 
Capital One Fin
 
2.45% 04/24/19
 
500,000

 
501,028

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

 
866,019

 
Carmx
 
2015-2 A3 1.37% 03/20
 
2,030,000

 
2,015,441

 
Carmx
 
2013-3 A3 0.97% 11/15/16
 
1,751,768

 
1,748,723

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

 
3,361,880

 
Carmx
 
2015-3 A3 1.63% 06/20
 
363,000

 
361,363

 
Carmx
 
15-3 A2B 1ML+45 11/18
 
1,700,000

 
1,699,533

 
Carmx
 
2015-1 A3 1.38% 11/19
 
1,474,000

 
1,467,577

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

 
910,282

 
CBS Corp
 
4.3% 2/15/21
 
770,000

 
808,856


15
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
 
CCART
 
14-BA A2 0.69% 09/17
 
502,208

 
501,987

 
CCART
 
2015-BA A2 1.48% 12/18
 
3,800,000

 
3,794,858

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

 
3,891,900

 
CCCIT
 
13-A2 A2 1193476+0.28% 05
 
1,600,000

 
1,595,028

 
CCCIT
 
13-A3 A3 1.11% 7/23/18
 
145,000

 
145,087

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

 
6,584,188

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

 
879,674

 
CCO Safari II
 
4.464% 7/22 144A
 
3,445,000

 
3,433,011

 
CD
 
2007-CD5 A1A 5.8% 11/44
 
4,883,464

 
5,136,839

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

 
1,773,137

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

 
722,724

 
Celgene Corp
 
2.125% 8/15/18
 
343,000

 
343,081

 
CGCMT
 
2006-C4 A1A CSTR 03/49
 
213,644

 
214,530

 
CGCMT
 
2006-C5 A4 5.431% 10/49
 
673,252

 
682,267

 
CGCMT
 
13-GC11 A1 0.672% 12/17
 
174,081

 
172,591

 
CGCMT
 
2015-GC29 A2 2.674% 4/48
 
366,000

 
367,985

 
CGCMT
 
2006-C5 A1A 5.425% 10/49
 
903,694

 
921,959

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

 
2,009,897

 
CHAIT
 
07-A2 A2 1193476+0.05% 04
 
1,000,000

 
996,615

 
CHAIT
 
13-A6 A6 1193476+0.42% 07
 
3,797,000

 
3,796,100

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

 
449,597

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

 
1,498,840

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

 
990,161

 
CHAIT
 
2015-A2 A 1.59% 02/20
 
750,000

 
749,896

 
CHAIT
 
2015-A5 A 1.35% 04/20
 
750,000

 
745,711

 
CHAIT
 
15-A7 A7 1.62% 7/20
 
993,000

 
989,624

 
Chevron Corp
 
2.419% 11/17/20
 
1,865,000

 
1,855,725

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

 
848,174

 
Chevron Corp New
 
1.961% 03/20
 
375,000

 
369,686

 
Chevron Phil
 
2.45% 5/1/20 144A
 
347,000

 
342,776

 
Cigna
 
4% 2/15/22
 
1,670,000

 
1,726,521

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

 
1,473,674

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

 
14,089

 
Citigroup
 
2.15% 07/18
 
300,000

 
299,782

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

 
808,766

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

 
1,147,223

 
Citigroup Inc
 
3.3% 04/27/25
 
780,000

 
766,106

 
Citigroup Inc
 
4.4% 6/10/25
 
1,080,000

 
1,091,318

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

 
1,107,176

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

 
2,701,039


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

 
580,633

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

 
15,405

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

 
1,746,088

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

 
590,150

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

 
1,997,725

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

 
265,137

 
Comet
 
2013-A3 A3 0.96% 9/19
 
1,296,000

 
1,294,132

 
Comet
 
2014-A5 A 1.48% 07/20
 
1,650,000

 
1,650,307

 
Comet
 
2015-A1 A 1.39% 01/21
 
770,000

 
765,643

 
Comet
 
2015-A5 A5 1.59% 5/21
 
1,100,000

 
1,096,283

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

 
889,741

 
Comm
 
2014-UBS4 A2 2.963% 08/47
 
2,080,000

 
2,120,561

 
Comm
 
2015-Cr22 A2 2.856% 03/48
 
262,000

 
265,313

 
Comm
 
2015-Pc1 A3 3.725% 07/50
 
4,000,000

 
4,122,083

 
Comm
 
15-Ccre24 A4 3.432% 8/55
 
4,300,000

 
4,302,267

 
Comm
 
2015-Cr25 A3 3.505% 08/48
 
4,000,000

 
4,027,752

 
Comm
 
2012-CR5 A1 0.673% 12/45
 
271,105

 
269,558

 
Comm
 
2012-CR1 A2 2.35% 5/45
 
284,635

 
286,429

 
Comm
 
2012-CR2 A1 0.824% 08/45
 
23,568

 
23,535

 
Comm
 
2012-Cr3 Asb 2.372% 11/45
 
353,000

 
350,046

 
Comm
 
2013-CR9 A1 1.3440% 7/45
 
89,230

 
88,927

 
Comm
 
2015-Dc1 A4 3.078% 02/48
 
3,000,000

 
2,930,245

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

 
642,585

 
Comm
 
2006-C8 A4 5.306% 12/46
 
2,433,880

 
2,477,241

 
Comm
 
2006-C7 A4 CSTR 6/46
 
2,215,319

 
2,233,568

 
Comm
 
2006-C7 A1A CSTR 6/46
 
718,615

 
723,986

 
Comm
 
2013-LC6 A1 0.7240% 1/46
 
130,195

 
129,123

 
Comm
 
2006-C8 A1A 5.292% 12/46
 
719,374

 
735,799

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

 
1,676,911

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

 
2,012,635

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

 
2,008,313

 
Commonwealth NY
 
2.4% 11/02/20
 
940,000

 
931,189

 
Commwlth Bk Astl Nyb
 
2.3% 3/20
 
770,000

 
762,509

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

 
176,222

 
ConocoPhillip Co
 
2.2% 05/15/20
 
238,000

 
230,372

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

 
1,050,103

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

 
331,358

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

 
2,282,611

 
Credit Suisse NY
 
1.75% 1/29/18
 
1,275,000

 
1,271,385

 
Credit Suisse NY
 
1.7% 04/27/18
 
2,175,000

 
2,159,523


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

 
8,163

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

 
356,785

 
Cvs Health Corp
 
2.8% 07/20/20
 
338,000

 
339,659

 
Cvs Health Corp
 
3.5% 07/20/22
 
7,295,000

 
7,426,755

 
CWCI
 
2007-C2 A3 5.484% 04/47
 
392,436

 
403,334

 
Daimler Fin
 
2.25% 3/20 144A
 
387,000

 
378,345

 
Daimler Fin Na
 
2.45% 5/20 144A
 
750,000

 
735,749

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

 
946,262

 
Danaher Corp
 
2.4% 09/15/20
 
135,000

 
135,010

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

 
1,025,867

 
DCENT
 
2013-A5 A5 1.04% 04/19
 
910,000

 
909,542

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

 
1,877,921

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

 
2,623,227

 
Deutsche Bank Ag
 
2.5% 2/13/19
 
913,000

 
919,937

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

 
850,389

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

 
419,014

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

 
594,089

 
Discover Bank
 
3.1% 06/20
 
364,000

 
364,997

 
Discover Bank
 
2.6% 11/13/18
 
500,000

 
499,702

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

 
3,650,712

 
Discover Fin Sv
 
3.75% 03/04/25
 
1,190,000

 
1,143,375

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

 
1,198,853

 
Dominion Resource
 
1.9% 6/15/18
 
400,000

 
396,167

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

 
1,365,131

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

 
685,254

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

 
558,073

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

 
47,281

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

 
853,883

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

 
364,487

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

 
822,215

 
Energy Transfer
 
4.15% 10/01/20
 
1,400,000

 
1,292,032

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

 
602,177

 
Entergy Corp
 
4% 07/15/22
 
850,000

 
867,249

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

 
562,860

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

 
1,246,046

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

 
221,479

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

 
225,179

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

 
733,362

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

 
16,287

 
Erp Operating Lp
 
2.375% 7/19
 
286,000

 
286,794


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
 
Euro$ 90 Day Fut
 
Mar 16 Edh6
 
151

 
3,775

 
Euro$ 90 Day Fut
 
Sep 16 Edu6
 
(151
)
 
(3,775
)
 
Exelon Corp
 
1.55% 6/9/17
 
75,000

 
74,687

 
Exelon Corp
 
2.85% 6/15/20
 
775,000

 
770,975

 
Express Scrip Hd
 
2.25% 6/15/19
 
2,010,000

 
1,998,372

 
FHLB
 
0.5% 09/28/16
 
6,745,000

 
6,733,399

 
FHLB
 
1.83% 07/29/20
 
1,575,000

 
1,572,494

 
FHLB
 
1.0% 12/19/17
 
8,395,000

 
8,374,382

 
FHLB
 
0.875% 05/24/17
 
565,000

 
564,233

 
FHLG
 
6.00% 8/26 #G00587
 
38,212

 
42,469

 
FHLG
 
8.50% 7/28 #G00981
 
104,786

 
124,110

 
FHLG
 
5.50% 3/34 #G01665
 
108,168

 
121,063

 
FHLG
 
15YR 5.0% 4/20 #G11682
 
365,022

 
383,624

 
FHLG
 
15YR 5.50% 2/20 #G11728
 
1,180,657

 
1,248,878

 
FHLG
 
15YR 6.50% 4/18 #G11452
 
16,695

 
17,154

 
FHLG
 
15YR 4.50% 1/19 #G11565
 
33,434

 
34,653

 
FHLG
 
10.00% 10/30 #G20027
 
234,040

 
259,033

 
FHLG
 
15YR 5.00% 5/18 #P10034
 
51,537

 
52,243

 
FHLG
 
20YR 6.00% 9/27 #G30357
 
201,132

 
226,344

 
FHLG
 
20YR 5.50% 7/28 #G30564
 
411,220

 
456,491

 
FHLG
 
6.50% 5/22 #D95395
 
27,746

 
31,698

 
FHLG
 
15YR 6.50% 4/16 #E83211
 
326

 
328

 
FHLG
 
15YR 6.00% 4/17 #E89007
 
16,651

 
17,071

 
FHLG
 
15YR 6.50% 6/17 #E90325
 
16,913

 
17,446

 
FHLG
 
15YR 6.00% 7/17 #E90474
 
29,522

 
30,377

 
FHLG
 
15YR 5.00% 12/17 #E93561
 
29,229

 
30,080

 
FHLG
 
15YR 4.00% 6/18 #E96973
 
43,283

 
44,986

 
FHLG
 
15YR 4.50% 8/18 #E98688
 
128,307

 
132,855

 
FHLG
 
15YR 4.50% 10/18 #E99833
 
149,533

 
154,982

 
FHLG
 
15YR 4.50% 9/18 #E99205
 
108,100

 
112,039

 
FHLG
 
15YR 5.00% 10/18 #E99955
 
17,255

 
17,926

 
FHLG
 
4.50% 6/23 #A45156
 
186,368

 
200,734

 
FHLG
 
6.00% 9/37 #G03282
 
176,463

 
198,672

 
FHLG
 
5.50% 12/37 #G03696
 
326,712

 
364,853

 
FHLG
 
6.00% 1/38 #G03781
 
366,781

 
413,173

 
FHLG
 
5.50% 12/37 #G03865
 
156,330

 
174,581

 
FHLG
 
5.50% 7/39 #G05546
 
368,944

 
411,900

 
FHLG
 
25YR 5.50% 7/35 #G05815
 
75,465

 
84,534

 
FHLG
 
15YR 5.00% 10/23 #G13276
 
250,216

 
269,059

 
FHLG
 
15YR 5.00% 12/18 #G13293
 
52,778

 
54,770


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
 
FHLG
 
15YR 6.00% 11/23 #G13368
 
88,507

 
95,434

 
FHLG
 
15YR 6.50% 7/21 #G12934
 
30,132

 
32,197

 
FHLG
 
15YR 5.00% 3/19 #G13052
 
188,654

 
195,986

 
FHLG
 
5.50% 1/24 #G13432
 
395,990

 
427,162

 
FHLG
 
15YR 5.50% 12/21 #G13481
 
231,509

 
247,304

 
FHLG
 
15YR 4.00% 7/24 #G13596
 
194,258

 
205,486

 
FHLG
 
15YR 5.00% 4/20 #G13598
 
196,364

 
204,171

 
FHLG
 
15YR 6.00% 1/24 #G13647
 
376,543

 
409,103

 
FHLG
 
15YR 6.00% 1/24 #G13982
 
359,322

 
388,677

 
FHLG
 
15YR 5.50% 12/24 #G14015
 
2,018,740

 
2,166,771

 
FHLG
 
15YR 4.00% 9/25 #G14376
 
163,553

 
173,006

 
FHLG
 
15YR 3.50% 10/26 #G14450
 
1,973,538

 
2,074,686

 
FHLG
 
15YR 2.5% 06/23#G14775
 
230,699

 
235,108

 
FHLG
 
15Yr 3.5% 08/30#G15273
 
915,519

 
960,439

 
FHLG
 
15YR 4.00% 6/24 #G18312
 
241,694

 
255,664

 
FHLG
 
6.50% 10/26 #C90995
 
195,371

 
223,196

 
FHLG
 
6.50% 8/26 #C90985
 
34,825

 
39,785

 
FHLG
 
15YR 6.00% 4/20 #J02203
 
13,111

 
13,783

 
FHLG
 
15YR 6.50% 1/20 #J02204
 
39,825

 
42,153

 
FHLG
 
15YR 4.50% 9/24 #J10826
 
361,941

 
386,793

 
FHLG
 
10YR 3.00% 8/21 #J16393
 
147,780

 
152,641

 
FHLG
 
10YR 3.00% 8/21 #J16442
 
134,350

 
138,841

 
FHLG
 
4.00% 12/40 #C03565
 
108,049

 
114,531

 
FHLG
 
6.00% 8/28 #C13910
 
51,964

 
58,894

 
FHLG
 
4.00% 4/39 #A85531
 
143,474

 
151,946

 
FHLG
 
4.00% 1/41 #A96478
 
625,708

 
663,049

 
FHLG
 
15YR 6.00% 10/16 #E01054
 
9,769

 
9,928

 
FHLG
 
15YR 5.50% 3/17 #E01136
 
4,305

 
4,396

 
FHLG
 
15YR 5.00% 12/17 #E01280
 
17,293

 
17,819

 
FHLG
 
15YR 6.50% 10/17 #E01254
 
4,817

 
4,997

 
FHLG
 
15YR 5.50% 11/18 #E01497
 
75,301

 
78,730

 
FHLG
 
15YR 4.00% 9/25 #E02787
 
215,932

 
231,044

 
FHLG
 
15YR 4.00% 4/26 #E02867
 
109,858

 
117,032

 
FHLG
 
15YR 4.50% 11/18 #B10931
 
91,154

 
94,564

 
FHLG
 
15YR 5.50% 11/18 #B10916
 
132,106

 
138,122

 
FHLG
 
15YR 4.50% 10/18 #B12459
 
25,536

 
26,491

 
FHLG
 
15YR 4.50% 4/19 #B13051
 
24,438

 
25,463

 
FHLG
 
15YR 4.50% 6/19 #B14961
 
65,054

 
67,892

 
FHLG
 
15YR 2.5% 09/22#J20415
 
117,991

 
120,246

 
FHLG
 
6.50% 9/23 #Z40030
 
2,577,357

 
2,862,514


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
 
FHLG
 
6.50% 5/24 #Z40034
 
2,712,628

 
3,018,822

 
FHLG
 
5.50% 5/34 #Z40042
 
813,732

 
910,903

 
FHLG
 
6.50% 8/21 #C90473
 
256,339

 
292,848

 
FHLM AR
 
12M+187.9 10/42#849255
 
285,761

 
303,023

 
FHLM ARM
 
2.98% 8/41 #1B8533
 
109,521

 
116,230

 
FHLM ARM
 
3.07% 9/41 #1B8608
 
69,476

 
72,414

 
FHLM ARM
 
3.717% 05/41#1B8124
 
50,419

 
53,206

 
FHLM ARM
 
3.224% 4/41#1B8179
 
40,628

 
42,359

 
FHLM ARM
 
3.464% 5/1/41#1B8304
 
33,951

 
35,270

 
FHLM ARM
 
3.627% 6/1/41#1B8372
 
60,962

 
64,208

 
FHLM ARM
 
3.283% 6/1/41
 
38,523

 
40,454

 
FHLM ARM
 
3.242% 9/1/41#1B8659
 
38,583

 
40,242

 
FHLMC
 
2.375% 1/13/22
 
3,645,000

 
3,695,651

 
FHLMC
 
0.75% 1/12/18
 
3,580,000

 
3,551,457

 
FHLMC
 
0.875% 02/22/17
 
876,000

 
875,386

 
FHLMC
 
0.5% 1/27/17
 
3,650,000

 
3,635,305

 
FHLMC
 
1.0% 12/15/17
 
1,938,000

 
1,932,955

 
FHR
 
192 I 9% 2/22
 
85,841

 
95,703

 
FHR
 
2344 ZJ 6.5% 8/31
 
6,613

 
7,655

 
FHR
 
2420 MZ 6.5% 2/32
 
584,628

 
675,606

 
FHR
 
2399 OH 6.5% 1/32
 
60,339

 
69,844

 
FHR
 
2425 OB 6% 3/17
 
9,213

 
9,402

 
FHR
 
1584 L 6.5% 9/23
 
87,043

 
96,603

 
FHR
 
1577 PK 6.5% 9/23
 
26,890

 
29,223

 
FHR
 
1617 PM 6.5% 11/23
 
67,266

 
74,826

 
FHR
 
1837 Z 6.5% 4/26
 
52,512

 
58,490

 
FHR
 
1835 D 6% 4/26
 
54,197

 
59,431

 
FHR
 
2068 B 10% 11/22
 
12,338

 
13,978

 
FHR
 
2075 PH 6.5% 8/28
 
52,288

 
57,786

 
FHR
 
2208 PG 7% 1/30
 
90,850

 
105,875

 
FHR
 
2262 Z 7.5% 10/30
 
45,227

 
53,722

 
FHR
 
2363 PF 6% 9/16
 
2,755

 
2,780

 
FHR
 
2356 GD 6% 9/16
 
3,318

 
3,366

 
FHR
 
2355 BP 6% 9/16
 
3,465

 
3,507

 
FHR
 
3728 EA 3.5% 9/20
 
294,491

 
295,215

 
FHR
 
3803 EN 3.5% 2/24
 
2,040,044

 
2,115,806

 
FHR
 
3820 DA 4% 11/35
 
209,855

 
218,924

 
FHR
 
2011-3844 PJ 5% 01/40
 
841,467

 
893,464

 
FHR
 
2011-3857 Ec 3.5% 08/39
 
1,887,312

 
1,974,035

 
FHR
 
2011-3893 MV 4% 04/33
 
609,854

 
612,717


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
 
FHR
 
2012-4049 CA 3% 05/27
 
1,427,715

 
1,464,896

 
FHR
 
4046 LA 3% 11/2026
 
1,087,677

 
1,117,368

 
FHR
 
2012-4077 Km 3.5% 11/41
 
4,353,774

 
4,565,872

 
FHR
 
4189 Md 3.0% 06/33
 
1,358,334

 
1,383,037

 
FHR
 
2013-4281 BA 1.25% 11/33
 
558,284

 
558,403

 
FHR
 
2013-4281 Lg 4% 01/43
 
1,132,668

 
1,210,389

 
FHR
 
2014-4305 Ma 3% 08/38
 
3,917,837

 
3,993,292

 
FHR
 
2015-4472 Wl 3% 05/45
 
901,599

 
921,869

 
FHR
 
2015-4482 Dh 3% 06/42
 
3,770,929

 
3,888,614

 
FHR
 
2015-4502 Ga 3.5% 08/41
 
4,381,468

 
4,579,307

 
FHR
 
2010-3736 QB 4% 05/37
 
2,414,469

 
2,464,961

 
FHR
 
2474 NR 6.5% 7/32
 
46,759

 
54,201

 
FHR
 
2484 LZ 6.5% 7/32
 
77,297

 
89,577

 
FHR
 
2527 TB 6% 11/32
 
23,803

 
27,016

 
FHR
 
2558 BD 5% 1/18
 
548,975

 
565,323

 
FHR
 
2590 BY 5% 3/18
 
683,508

 
704,906

 
FHR
 
2650 QN 4.5% 1/33
 
36,177

 
36,952

 
FHR
 
2672 NH 0% 9/18
 
116,826

 
120,054

 
FHR
 
2780 JG 4.5% 4/19
 
2,757

 
2,823

 
FHR
 
2872 JG 4.5% 10/19
 
420,485

 
436,637

 
FHR
 
3397 FC 0.8613% 12/37
 
932,311

 
936,051

 
FHR
 
3564 JA 4% 1/18
 
108,084

 
110,851

 
FHR
 
2010-3747 HM 3% 07/37
 
2,296,232

 
2,338,498

 
FHR
 
3741 HD 3% 11/15/39
 
198,846

 
202,923

 
FHR
 
2012-4026 HA 3.5% 12/39
 
3,775,444

 
3,953,809

 
FHR
 
2010-3747 HK 2.5% 07/37
 
2,625,431

 
2,659,244

 
FHR Ser
 
4221 CLS GA 1.4% 7/23
 
749,908

 
740,446

 
FICO
 
5/11/18
 
440,000

 
426,306

 
FICO
 
9/26/2019
 
615,000

 
570,397

 
FICO
 
10/6/2017
 
2,035,000

 
1,994,495

 
FICO Prin
 
0% 10/06/17
 
332,000

 
325,392

 
Fidelity Natl
 
2.85% 10/15/18
 
1,095,000

 
1,098,885

 
Fidelity Natl
 
3.625% 10/15/20
 
1,470,000

 
1,489,788

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

 
250,853

 
Fifth Thrd Banc
 
1.45% 02/28/18
 
2,150,000

 
2,130,637

 
Fitat Auto
 
14-3 A3 0.96% 03/19
 
1,370,000

 
1,365,432

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

 
3,872,327

 
FNA
 
2015-M8 Ab2 2.829% Perp
 
3,700,000

 
3,729,452

 
FNMA
 
1.625% 1/21/20
 
4,820,000

 
4,811,228

 
FNMA
 
1.5% 06/22/20
 
3,356,000

 
3,315,547


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
 
FNMA
 
1.125% 07/20/18
 
11,494,000

 
11,448,449

 
FNMA
 
1.125% 10/19/18
 
765,000

 
760,305

 
FNMA
 
1.5% 11/30/20
 
7,708,000

 
7,574,397

 
FNMA
 
1.125% 12/14/18
 
3,831,000

 
3,802,015

 
FNMA
 
1.875% 12/28/20
 
766,000

 
765,954

 
FNMA
 
0.875% 05/21/18
 
1,370,000

 
1,357,278

 
FNMA
 
1.875% 09/18/18
 
2,764,000

 
2,803,252

 
FNMA
 
1.625% 11/27/18
 
6,670,000

 
6,719,171

 
FNMA
 
1.875% 2/19/19
 
745,000

 
755,105

 
FNMA
 
20YR 6.50% 7/18 #251825
 
32,382

 
36,994

 
FNMA
 
20YR 6.50% 11/18 #252104
 
32,165

 
36,746

 
FNMA
 
20YR 6.50% 3/19 #252348
 
25,264

 
28,862

 
FNMA
 
15YR 5.50% 4/18 #254686
 
63,313

 
65,731

 
FNMA
 
20YR 5.50% 5/23 #254762
 
214,459

 
235,898

 
FNMA
 
5.50% 6/33 #254767
 
956,297

 
1,069,448

 
FNMA
 
20YR 6.00% 9/21 #253999
 
25,182

 
28,424

 
FNMA
 
6.50% 10/21 #254044
 
4,303

 
4,916

 
FNMA
 
15YR 7.00% 5/17 #254353
 
2,810

 
2,894

 
FNMA
 
20YR 6.00% 11/22 #254544
 
39,708

 
44,820

 
FNMA
 
20YR 5.00% 3/25 #255667
 
612,938

 
674,213

 
FNMA
 
15YR 4.00% 9/18 #254919
 
39,096

 
40,739

 
FNMA
 
15YR 4.50% 11/18 #254952
 
502,404

 
521,554

 
FNMA
 
15YR 4.50% 12/18 #255031
 
496,631

 
515,559

 
FNMA
 
5.00% 8/25 #255810
 
630,267

 
693,275

 
FNMA
 
6.00% 7/27 #256803
 
289,940

 
327,268

 
FNMA
 
20YR 6.00% 10/27 #256928
 
181,286

 
204,626

 
FNMA
 
20YR 6.00% 1/28 #257048
 
142,156

 
160,457

 
FNMA
 
6.00% 2/28 #257076
 
138,859

 
156,737

 
FNMA
 
5.50% 11/34 #310105
 
585,078

 
654,042

 
FNMA
 
7-YR 3.18% 12/17 #466897
 
984,015

 
983,503

 
FNMA
 
20YR 6.50% 12/21 #545419
 
1,588

 
1,814

 
FNMA
 
6.50% 7/32 #545759
 
29,000

 
33,455

 
FNMA
 
6.50% 7/32 #545762
 
14,520

 
16,750

 
FNMA
 
15YR 6.00% 3/18 #555390
 
8,314

 
8,582

 
FNMA
 
15YR 6.00% 6/16 #583745
 
654

 
659

 
FNMA
 
15YR 5.50% 12/16 #611007
 
2,406

 
2,452

 
FNMA
 
15YR 5.50% 10/16 #612660
 
5,445

 
5,523

 
FNMA
 
15YR 6.50% 3/17 #627139
 
2,970

 
3,045

 
FNMA
 
15YR 5.50% 2/17 #634197
 
37,197

 
37,971

 
FNMA
 
15YR 7.00% 5/17 #638774
 
20,991

 
21,662


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
 
FNMA
 
20YR 4.50% 5/26 #AH0473
 
49,385

 
53,470

 
FNMA
 
15Yr 3.5% 07/26#Ai7819
 
69,237

 
72,707

 
FNMA
 
15YR 5.50% 9/23 #AL0229
 
380,677

 
408,053

 
FNMA
 
15YR 5.50% 5/21 #AL0230
 
409,695

 
431,502

 
FNMA
 
5.50% 1/38 #AL0662
 
343,939

 
384,518

 
FNMA
 
15YR 3.50% 5/27 #AL1741
 
331,221

 
348,132

 
FNMA
 
15YR 3.50% 3/27 #AL1746
 
764,085

 
805,723

 
FNMA
 
15YR 3.50% 5/27 #AL1751
 
176,698

 
185,692

 
FNMA
 
15YR 3.50% 1/26 #AL1168
 
171,432

 
180,507

 
FNMA
 
20YR 6.00% #AL1318
 
568,859

 
642,096

 
FNMA
 
20YR 5.5% 12/33 #AL4500
 
296,526

 
330,066

 
FNMA
 
15Yr 3.5% 09/29#Al5878
 
689,792

 
727,813

 
FNMA
 
15Yr 3.5% 10/29#Al5851
 
265,253

 
279,874

 
FNMA
 
15Yr 3.5% 01/27 #Ax1909
 
313,827

 
329,801

 
FNMA
 
15YR 6.00% 5/17 #644987
 
10,697

 
10,983

 
FNMA
 
6.00% 4/25 #660719
 
88,108

 
94,603

 
FNMA
 
15YR 5.00% 3/18 #667792
 
20,458

 
21,150

 
FNMA
 
15YR 6.00% 11/17 #668811
 
5,032

 
5,194

 
FNMA
 
15YR 5.50% 11/17 #670452
 
35,111

 
36,250

 
FNMA
 
15YR 5.50% 1/18 #680143
 
3,987

 
4,128

 
FNMA
 
15YR 5.50% 2/18 #681383
 
28,819

 
29,711

 
FNMA
 
15YR 4.00% 9/18 #682450
 
8,064

 
8,403

 
FNMA
 
8.00% 6/27 #695533
 
11,296

 
13,393

 
FNMA
 
6.00% 3/33 #695584
 
15,252

 
17,294

 
FNMA
 
15YR 4.50% 5/18 #697602
 
38,116

 
39,462

 
FNMA
 
15YR 5.00% 5/18 #707298
 
295,291

 
305,974

 
FNMA
 
15YR 5.00% 6/18 #709848
 
32,650

 
33,865

 
FNMA
 
15YR 5.00% 6/18 #709877
 
26,995

 
27,970

 
FNMA
 
15YR 4.50% 6/18 #710238
 
19,179

 
19,856

 
FNMA
 
15YR 4.50% 7/18 #720393
 
42,522

 
44,023

 
FNMA
 
15YR 4.50% 5/19 #725445
 
18,726

 
19,509

 
FNMA
 
15YR 4.50% 4/19 #725352
 
151,208

 
157,532

 
FNMA
 
15YR 5.50% 4/19 #725528
 
41,820

 
43,634

 
FNMA
 
15YR 5.50% 9/19 #725793
 
8,554

 
8,958

 
FNMA
 
15YR 5.50% 9/19 #725796
 
12,809

 
13,492

 
FNMA
 
15YR 4.00% 7/18 #726128
 
16,792

 
17,498

 
FNMA
 
15YR 4.50% 8/18 #727466
 
24,949

 
25,830

 
FNMA
 
15YR 4.50% 8/18 #733772
 
77,648

 
80,531

 
FNMA
 
15YR 4.50% 12/19 #735290
 
34,984

 
36,508

 
FNMA
 
6.50% 11/22 #735137
 
98,336

 
112,342


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
 
FNMA
 
6.50% 12/32 #735415
 
14,652

 
16,895

 
FNMA
 
15YR 5.50% 3/20 #735521
 
16,764

 
17,573

 
FNMA
 
15YR 4.00% 12/18 #735522
 
135,238

 
140,921

 
FNMA
 
15YR 4.50% 10/20 #735926
 
7,705

 
8,110

 
FNMA
 
15YR 5.00% 11/18 #740462
 
24,163

 
25,163

 
FNMA
 
15YR 4.50% 3/19 #742078
 
84,475

 
88,081

 
FNMA
 
6.50% 7/35 #745092
 
15,817

 
18,297

 
FNMA
 
15YR 5.00% 11/18 #749596
 
77,891

 
81,196

 
FNMA
 
6.00% 9/33 #752786
 
24,201

 
26,697

 
FNMA
 
15YR 4.50% 3/19 #758528
 
83,749

 
87,182

 
FNMA
 
15YR 5.00% 4/19 #761326
 
52,191

 
54,553

 
FNMA
 
15YR 4.00% 6/19 #773153
 
44,734

 
46,613

 
FNMA
 
15YR 4.00% 7/19 #773445
 
92,491

 
96,378

 
FNMA
 
15YR 4.50% 4/19 #774267
 
26,657

 
27,818

 
FNMA
 
15YR 4.50% 5/19 #780233
 
144,498

 
150,666

 
FNMA
 
15YR 4.50% 7/19 #788390
 
4,836

 
5,051

 
FNMA
 
15YR 5.50% 10/19 #795064
 
14,489

 
15,290

 
FNMA
 
15YR 4.50% 10/19 #796680
 
141,865

 
148,735

 
FNMA
 
15YR 5.00% 12/19 #803919
 
119,035

 
125,300

 
FNMA
 
15YR 4.50% 2/20 #809744
 
3,843

 
4,035

 
FNMA
 
15YR 4.50% 11/20 #813915
 
6,799

 
7,166

 
FNMA
 
15YR 4.50% 10/20 #836381
 
22,841

 
24,057

 
FNMA
 
15YR 4.50% 7/21 #845515
 
4,836

 
5,129

 
FNMA
 
15YR 4.50% 1/21 #852735
 
1,017

 
1,073

 
FNMA
 
20YRS 6.00% 4/27 #888281
 
183,277

 
206,873

 
FNMA
 
6.50% 8/36 #888034
 
21,085

 
24,307

 
FNMA
 
15YR 5.00% 12/21 #888436
 
314,829

 
330,670

 
FNMA
 
4.50% 6/37 #888485
 
198,372

 
215,400

 
FNMA
 
6.50% 8/36 #888544
 
79,085

 
91,304

 
FNMA
 
15YR 5.00% 12/18 #888681
 
161,937

 
167,786

 
FNMA
 
15YR 4.50% 12/18 #888889
 
181,731

 
188,147

 
FNMA
 
7.50% 11/37 #888892
 
192,521

 
226,013

 
FNMA
 
15YR 6.50% 1/23 #889111
 
304,751

 
334,993

 
FNMA
 
15YR 4.50% 3/21 #890081
 
260,842

 
271,749

 
FNMA
 
15YR 4.50% 11/19 #889395
 
2,411

 
2,514

 
FNMA
 
15YR 6.00% 2/23 #889634
 
436,765

 
473,295

 
FNMA
 
5.50% 2/37 #904918
 
136,303

 
151,124

 
FNMA
 
7.00% 12/36 #907742
 
31,655

 
34,946

 
FNMA
 
20 YR 5.50% 1/24 #925847
 
367,268

 
408,809

 
FNMA
 
20YR 6% 11/27#928866
 
285,551

 
322,314


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



Identity of Issue, borrower, lessor, or similar party
 
Description of investment including maturity date, rate of interest, collateral, par, or maturity value
 
Shares/Units/ Principal
 
 Current Value
 
FNMA
 
15YR 4.50% 7/21 #932885
 
196,282

 
206,075

 
FNMA
 
15YR 6.00% 6/22 #944357
 
148,080

 
160,874

 
FNMA
 
20YR 5.50% 7/27 #986156
 
377,550

 
420,254

 
FNMA
 
7.50% 11/38 #995504
 
133,313

 
156,560

 
FNMA
 
15YR 4.50% 12/20 #995320
 
669,491

 
702,391

 
FNMA
 
15YR 5.00% 12/20 #995324
 
451,250

 
475,307

 
FNMA
 
15YR 6.00% 1/24 #995425
 
270,556

 
294,658

 
FNMA
 
15YR 4.50% 12/20 #995465
 
112,077

 
117,971

 
FNMA
 
15YR 6.50% 2/24 #995658
 
80,035

 
88,487

 
FNMA
 
8.00% 11/37 #995783
 
19,460

 
21,972

 
FNMA
 
20 YR 5.00% 1/25 #995884
 
182,211

 
200,426

 
FNMA
 
10YR 2.5% 10/22#AB6544
 
171,787

 
174,916

 
FNMA
 
10YR 2.5% 10/22#AB6730
 
129,774

 
132,138

 
FNMA
 
10YR 2.5% 05/23 #MA1431
 
374,973

 
381,803

 
FNMA
 
20YR 5% 8/26 #AD0787
 
593,078

 
652,368

 
FNMA
 
10YR 6.50% 12/37 #AD0070
 
165,552

 
187,743

 
FNMA
 
6.50% 9/28 #AD0329
 
150,655

 
169,905

 
FNMA
 
6.50% 12/35 #AD0723
 
88,461

 
101,991

 
FNMA
 
20YR 5.50% 4/29 #AD0912
 
185,763

 
206,774

 
FNMA
 
15YR 5.50% 3/24 #AE0467
 
93,977

 
101,436

 
FNMA
 
15YR 6.00% 3/24 #AE0745
 
194,749

 
210,901

 
FNMA
 
6.50% 8/36 #AE0746
 
66,440

 
76,668

 
FNMA Arm
 
2.69% 9/41 #AH5260
 
215,295

 
228,483

 
FNMA Arm
 
3.228% 7/41#AI3469
 
52,434

 
55,046

 
FNMA Arm
 
3.01% 8/41 #AI4358
 
37,545

 
39,372

 
FNMA Arm
 
3.545% 07/41#AI6050
 
64,016

 
67,303

 
FNMA Arm
 
3.365% 10/41#AI6819
 
29,151

 
30,377

 
FNMA Arm
 
3.37% 9/41 #AI8935
 
60,396

 
64,095

 
FNMA Arm
 
09/41#AI9813
 
36,792

 
38,338

 
FNMA Arm
 
10/41#AJ3399
 
20,022

 
20,830

 
FNMA Arm
 
06/42#AO2244
 
53,754

 
55,060

 
FNMA Arm
 
11/40#AE6806
 
31,967

 
33,232

 
FNR
 
1992-205 Z 7% 11/22
 
83,948

 
93,218

 
FNR
 
G93-3 K 7% 2/23
 
36,799

 
40,675

 
FNR
 
1994-40 Z 6.5% 3/24
 
201,200

 
219,120

 
FNR
 
1997-46 PL 6% 7/27
 
280,682

 
307,905

 
FNR
 
2001-7 PF 7% 3/31
 
5,046

 
5,881

 
FNR
 
2012-94 E 3% 6/22
 
460,549

 
470,807

 
FNR
 
2013-16 GP 3% 03/33
 
1,150,855

 
1,184,966

 
FNR
 
2013-72 KE 3.5% 02/43
 
2,008,602

 
2,106,799


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
 
2013-130 Cg 4% 06/43
 
1,485,704

 
1,589,600

 
FNR
 
2014-64 Nk 3% 12/37
 
4,302,872

 
4,378,639

 
FNR
 
2014-83 P 3% 06/43
 
879,595

 
906,941

 
FNR
 
2015-28 P 2.5% 5/45
 
2,073,719

 
2,085,077

 
FNR
 
2015-28 Je 3% 05/45
 
1,564,493

 
1,601,357

 
FNR
 
2015-42 Le 3% 06/45
 
1,293,733

 
1,315,576

 
FNR
 
2001-44 PD 7% 9/31
 
11,169

 
13,010

 
FNR
 
2001-71 MB 6% 12/16
 
11,630

 
11,804

 
FNR
 
02-58 HC 5.5% 9/17
 
13,524

 
13,752

 
FNR
 
2003-32 UN 4% 1/33
 
1,044,494

 
1,059,464

 
FNR
 
03-66 PA 3.5% 2/33
 
309,099

 
315,577

 
FNR
 
2003-57 NK 5% 6/18
 
11,075

 
11,450

 
FNR
 
2004-2 QL 4% 2/19
 
736,422

 
757,488

 
FNR
 
2004-82 HJ 5.5% 9/32
 
294,132

 
297,718

 
FNR
 
2004-91 AR 5.50% 4/33
 
1,555,994

 
1,608,914

 
FNR
 
2006-41 MC 5.5% 7/35
 
69,050

 
70,739

 
FNR
 
2006-90 BE 6% 4/35
 
117,907

 
119,180

 
FNR
 
2007-114 A6 1ML+20 10/37
 
332,633

 
330,862

 
FNR
 
2007-77 MH 6% 12/36
 
79,857

 
84,561

 
FNR
 
2008-29 CA 4.5% 9/35
 
876,176

 
894,883

 
FNR
 
2009-10 AB 3/24
 
60,329

 
63,582

 
FNR
 
2011-5 PA 4% 10/25
 
45,795

 
46,916

 
FNR
 
2010-31 AP 4.5% 02/40
 
1,028,362

 
1,065,899

 
FNR
 
2010-104 Pg 2.5% 11/39
 
3,434,103

 
3,452,254

 
FNW
 
2003-W4 2A 6.5% 10/42
 
13,612

 
15,204

 
FNW
 
2004-W1 1A6 5.04% 11/43
 
119,764

 
120,989

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

 
1,502,565

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

 
1,509,102

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

 
1,676,170

 
Ford Mtr Credit
 
4.134% 8/04/25
 
1,875,000

 
1,869,302

 
Fordo
 
2015-C A3 1.41% 02/20
 
553,000

 
550,498

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

 
909,554

 
FSPC
 
T-54 2A 6% 2/43
 
93,290

 
105,432

 
FSPC
 
T-54 3A 7% 2/43
 
43,351

 
49,946

 
Ge Cap Intl
 
0.964% 4/16 144A
 
1,031,000

 
1,031,465

 
Ge Cap Intl
 
2.342% 11/20 144A
 
1,676,000

 
1,663,720

 
Ge Cap Intl
 
3.373% 11/25 144A
 
1,687,000

 
1,717,810

 
Gecap
 
5.3% 2/11/21
 
470,000

 
530,200

 
GECMC
 
2006-C1 A1A CSTR 3/44
 
73,072

 
73,033

 
General Elec Cap
 
4.625% 1/7/21
 
112,000

 
123,022


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

 
176,921

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

 
161,970

 
General Elec Cap
 
3.1% 1/9/23
 
649,000

 
658,741

 
General Elec Cap
 
2.2% 01/09/20
 
224,000

 
224,638

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

 
813,534

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

 
2,288,025

 
Glencore Fd
 
2.875% 4/20 144A
 
1,085,000

 
846,300

 
Gmalt
 
2015-2 A3 1.68% 12/18
 
559,000

 
555,778

 
Gmalt
 
2015-1 A3 1.53% 09/18
 
659,000

 
656,482

 
GNII II
 
6.50% 9/29 #002808
 
253,260

 
290,989

 
GNII II
 
5.50% 7/38 #004187
 
27,166

 
29,098

 
GNII II
 
6.00% 11/38 #004285
 
59,036

 
64,787

 
GNMA
 
15YR 6.50% 5/17 #569432
 
21,552

 
22,148

 
GNMA
 
20YR 6.50% 4/23 #593677
 
17,847

 
19,782

 
GNMA
 
7.00% 8/28 #416611
 
27,287

 
31,677

 
GNMA
 
7.00% 8/28 #458917
 
6,319

 
7,317

 
GNMA
 
7.00% 7/28 #462643
 
90,022

 
104,970

 
GNMA
 
7.00% 2/28 #462548
 
1,822

 
2,088

 
GNMA
 
7.00% 10/28 #481353
 
88,587

 
103,713

 
GNMA
 
4.50% 3/41 #738108
 
2,132,024

 
2,329,019

 
GNMA
 
6.50% 1/23 #530795
 
116,797

 
129,456

 
GNMA
 
7.00% 5/32 #552576
 
14,788

 
17,359

 
GNMA
 
8.00% 11/29 #186997
 
3,641

 
4,300

 
GNMA
 
15YR 4.50% 12/18 #781681
 
151,244

 
156,177

 
GNMA
 
30YR 5.5% 11/35#783799
 
249,119

 
279,716

 
GNMA
 
30YR 5.5% 06/35#783800
 
120,590

 
135,609

 
GNMA
 
15YR 6.50% 6/20 #641437
 
30,014

 
32,387

 
GNR
 
2009-65 GL 4.5% 05/38
 
634,006

 
658,060

 
GNR
 
2002-33 ZD 6% 5/32
 
542,385

 
615,824

 
GNR
 
2008-47 PC 5% 11/16/37
 
1,659,995

 
1,760,826

 
GNR
 
2009-79 PC 4.5% 08/36
 
1,879,915

 
1,924,282

 
GNR
 
2009-127 PL 4.25% 10/38
 
704,301

 
734,760

 
GNR
 
2010-47 CN 4.5% 8/38
 
487,438

 
505,462

 
GNR
 
2010-61 HD 3.5% 11/38
 
4,087,615

 
4,207,604

 
GNR
 
2010-73 CB 4.40% 8/35
 
1,348,311

 
1,405,946

 
GNR
 
2010-73 GA 4.5% 9/36
 
1,443,886

 
1,519,328

 
GNR
 
2010-68 LA 4.5% 3/38
 
1,306,900

 
1,357,288

 
GNR
 
2010-98 Ch 3% 10/39
 
987,144

 
1,010,221

 
GNR
 
2010-162 PQ 4.5% 06/39
 
478,501

 
503,554

 
GNR
 
2011-66 NJ 3% 11/38
 
641,824

 
652,355


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
 
GNR
 
13-41 PA 2.5% 04/40
 
445,556

 
453,608

 
GNR
 
2013-106 Pa 4% 02/43
 
3,450,464

 
3,669,489

 
GNR
 
2000-9 ZJ 8.5% 2/30
 
88,488

 
103,839

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

 
170,690

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

 
755,536

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

 
1,246,394

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

 
716,172

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

 
186,540

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

 
1,796,962

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

 
1,067,725

 
Gsinc
 
5.25% 7/27/21
 
2,420,000

 
2,676,898

 
Gsinc
 
2.375% 1/22/18
 
495,000

 
499,310

 
GSMS
 
2013-GC10 A1 0.696% 2/46
 
1,818

 
1,817

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

 
170,021

 
GSMS
 
2013-GC12 A1 VAR 06/46
 
184,081

 
182,174

 
GSMS
 
2006-GG8 A4 CSTR 11/39
 
6,379,773

 
6,368,799

 
GSMS
 
2006-GG8 A1A 5.547% 11/39
 
389,328

 
395,118

 
GSMS
 
15-Gc32 A3 3.498% 7/48
 
4,300,000

 
4,332,104

 
Halliburton Co
 
2.7% 11/15/20
 
769,000

 
760,431

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

 
354,655

 
Harot
 
2013-3 A3 0.77% 05/17
 
923,538

 
923,212

 
Harot
 
2015-4 A3 1.23% 09/23/19
 
503,000

 
498,873

 
Hart
 
2013-C A3 1.01% 02/18
 
2,048,271

 
2,047,942

 
Hart
 
2015-B A3 1.12% 11/19
 
2,995,000

 
2,971,957

 
Hart
 
2015-C A3 1.46% 02/20
 
545,000

 
542,826

 
HCP Inc
 
6.7% 1/30/18
 
250,000

 
271,889

 
HCP Inc
 
4.0% 12/01/22
 
1,200,000

 
1,194,508

 
Heinz(Hj)Co
 
3.95% 7/15/25 144A
 
3,180,000

 
3,210,786

 
Hewlett Pack
 
2.45%10/5/17 144A
 
2,610,000

 
2,607,915

 
Hewlett Pack
 
2.85% 10/5/18 144A
 
890,000

 
889,676

 
HSBC
 
1.5% 05/15/18 144A
 
930,000

 
919,841

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

 
2,131,774

 
HSBC Hldngs Plc
 
4.875% 1/22
 
675,000

 
740,487

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

 
400,248

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

 
1,874,887

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

 
656,153

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

 
1,226,552

 
Hyundai Cap Am
 
2.6% 3/20 144A
 
380,000

 
373,383

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

 
883,214

 
Ibrd
 
1% 06/15/18
 
605,000

 
599,724


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

 
2,153,053

 
Imperial Tbcco
 
3.75% 7/22 144A
 
1,400,000

 
1,405,764

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

 
161,638

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

 
320,826

 
Intercont Exch
 
2.75% 12/01/20
 
133,000

 
133,022

 
Intesa Sanpaolo Spa
 
3.12% 1/16
 
950,000

 
950,474

 
Intl Paper Co
 
4.75% 2/15/22
 
1,855,000

 
1,981,689

 
Jefferies Grp
 
6.875% 4/15/21
 
985,000

 
1,102,392

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

 
2,865,818

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

 
529,896

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

 
3,570,632

 
JPMBB
 
15-C32 A4 3.3293% 11/48
 
3,000,000

 
2,968,648

 
JPMBB
 
15-C27 A3A1 2.9202% 2/48
 
4,500,000

 
4,363,842

 
JPMBB
 
15-C29 A2 2.8596% 05/48
 
379,000

 
384,628

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

 
2,175,671

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

 
1,512,994

 
JPMC Co
 
2.35% 01/28/19
 
820,000

 
823,493

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

 
1,360,844

 
JPMC Co
 
2.55% 10/29/20
 
400,000

 
396,439

 
JPMC Co
 
2.2% 10/22/19
 
2,285,000

 
2,267,451

 
JPMCC
 
2015-Jp1 A2 3.1438% 1/49
 
423,000

 
433,860

 
JPMCC
 
2006-LDP7 A1A CSTR 4/45
 
465,822

 
467,314

 
JPMCC
 
2006-LDP7 A4 CSTR 4/45
 
796,877

 
804,520

 
JPMCC
 
2006-Cb16 A4 5.552% 5/45
 
100,341

 
101,518

 
JPMCC
 
2006-CB16 A1A 5.546% 5/45
 
1,402,219

 
1,419,023

 
JPMCC
 
2013-C10 0.7302% 12/15/47
 
116,356

 
115,462

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

 
705,058

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

 
997,283

 
Jpmorgan Chase &Co
 
2.25%1/23/20
 
580,000

 
570,812

 
Key Bank Na
 
2.5% 12/15/19
 
307,000

 
307,541

 
Keybank Natl
 
1.65% 2/1/18
 
1,100,000

 
1,096,322

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

 
475,559

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

 
2,849,199

 
Kinder Morgan
 
5% 02/15/21 144A
 
765,000

 
727,126

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

 
191,389

 
Kinder Morgan Ic
 
3.05% 12/1/19
 
643,000

 
595,319

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

 
140,667

 
Kraft Foods
 
5.375% 02/20 WI
 
523,000

 
572,706

 
Kraft Foods Grp
 
3.5% 6/22 WI
 
980,000

 
991,047

 
Kroger Co
 
2.3% 1/15/19
 
350,000

 
350,965


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
 
Kroger Co
 
3.3% 01/15/21
 
215,000

 
218,367

 
Laboratory Corp
 
3.2% 2/01/22
 
150,000

 
147,270

 
LBUBS
 
2006-C6 A4 5.372% 9/39
 
4,192,216

 
4,252,939

 
LBUBS
 
2006-C6 A1A CSTR 9/39
 
754,843

 
767,269

 
LBUBS
 
2006-C7 A3 5.347% 11/38
 
5,131,000

 
5,226,691

 
LBUBS
 
2007-C7 A3 5.886% 9/45
 
355,737

 
373,331

 
LG&E & Ku Energ
 
3.75% 11/20
 
1,250,000

 
1,291,199

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

 
417,246

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

 
985,795

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

 
538,505

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

 
1,516,994

 
Lloyds Bank Plc
 
1.75% 03/16/18
 
1,890,000

 
1,885,181

 
Lloyds Bank Plc
 
1.75% 05/14/18
 
1,965,000

 
1,961,092

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

 
2,127,544

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

 
399,865

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

 
265,972

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

 
722,328

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

 
450,999

 
Manufctrs & Trdr
 
2.1% 02/06/20
 
600,000

 
589,598

 
Marathon Oil Corp
 
2.7% 6/01/20
 
540,000

 
476,285

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

 
1,492,691

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

 
2,473,538

 
Marsh & Mclenn
 
2.35% 03/06/20
 
550,000

 
545,250

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

 
625,617

 
Massmutual
 
2.45% 11/23/20 144A
 
3,550,000

 
3,532,697

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

 
753,520

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

 
894,613

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

 
896,201

 
Mbalt
 
2015-A A3 1.10% 08/17
 
780,000

 
779,174

 
Mbalt
 
2015-B A3 1.34% 7/18
 
380,000

 
378,237

 
Mcdonalds Corp
 
2.75% 12/20
 
74,000

 
73,964

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

 
611,626

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

 
459,281

 
Medtronic Inc
 
2.5% 3/15/20
 
790,000

 
795,814

 
Medtronic Inc
 
3.5% 03/15/25
 
5,515,000

 
5,580,292

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

 
377,352

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

 
172,459

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

 
2,980,766

 
Met Life Glb
 
2.5% 12/3/20 144A
 
1,400,000

 
1,392,616

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

 
2,905,000


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

 
2,178,700

 
Met Life Glbl Fdg
 
2% 4/20 144A
 
1,600,000

 
1,567,938

 
Microsoft Corp
 
0.875% 11/15/17
 
138,000

 
137,499

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

 
1,569,702

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

 
1,836,343

 
MLCFC
 
2006-2 A4 CSTR 6/46
 
1,764,560

 
1,765,089

 
MLCFC
 
2006-3 A4 CSTR 7/46
 
3,894,631

 
3,947,261

 
MLMT
 
2006-C2 A1A CSTR 8/43
 
611,386

 
618,079

 
MLMT
 
2006-C1 A4 CSTR 5/39
 
1,742,939

 
1,744,762

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

 
1,743,549

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

 
1,497,238

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

 
360,806

 
Morgan Stanley
 
3.75% 2/25/23
 
1,795,000

 
1,839,717

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

 
3,448,497

 
Morgan Stanley
 
5.5% 7/28/21
 
525,000

 
588,479

 
Morgan Stanley
 
2.65% 01/27/20
 
600,000

 
598,578

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

 
1,337,550

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

 
3,058,395

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

 
2,253,397

 
MSBAM
 
2012-C5 A1 0.916% 8/45
 
87,366

 
87,210

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

 
710,912

 
MSBAM
 
2015-C21 A3 3.077% 03/48
 
2,000,000

 
1,944,715

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

 
764,006

 
MSC
 
2006-IQ11 A1A CSTR 10/42
 
543,609

 
545,084

 
MSC
 
2006-HQ9 A4 CSTR 7/44
 
398,721

 
401,157

 
MSC
 
2006-Hq10 A4 5.328% 11/41
 
2,136,113

 
2,152,958

 
MSC
 
2007-HQ11 A31 CSTR 2/44
 
243,491

 
243,235

 
MSC
 
2007-IQ13 A1A 5.312% 3/44
 
247,869

 
255,224

 
MSC
 
2007-T27 A1A CSTR 6/42
 
681,153

 
711,235

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

 
61,825

 
MSC
 
2015-Ms1 A3 3.51% 05/48
 
3,500,000

 
3,533,170

 
Mufg Americas Hld
 
2.25% 02/20
 
1,703,000

 
1,675,151

 
Mylan Inc
 
1.8% 6/24/16
 
325,000

 
324,786

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

 
822,087

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

 
938,668

 
Nalt
 
2014-A A3 0.80% 02/17
 
481,000

 
480,567

 
Narot
 
2012-A A4 1% 7/18
 
685,578

 
685,737

 
Narot
 
2015-A A3 1.05% 10/19
 
2,115,000

 
2,100,434

 
Narot
 
2015-C A3 1.37% 5/20
 
545,000

 
541,231

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

 
2,021,570


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
 
Ndass
 
3.125% 03/17 SNR
 
1,705,000

 
1,738,698

 
New York Glb
 
1.3% 04/18 144A
 
3,305,000

 
3,278,220

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

 
1,065,722

 
New York Life
 
1.95% 2/20 144A
 
1,000,000

 
980,701

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

 
35,862

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

 
1,555,938

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

 
306,623

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

 
652,595

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

 
980,433

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

 
662,384

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

 
19,953

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

 
704,269

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

 
951,519

 
Oneok Partner Lp
 
4.9% 03/15/25
 
625,000

 
526,626

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

 
929,439

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

 
510,471

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

 
152,838

 
Oracle Corp
 
2.5% 05/15/2022
 
700,000

 
687,483

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

 
4,786,368

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

 
1,061,839

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

 
979,836

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

 
400,516

 
Pg&E Corp
 
2.4% 03/01/19
 
67,000

 
66,872

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

 
448,847

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

 
380,091

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

 
2,541,995

 
Pnc Bk Mtn
 
2.95% 02/23/25
 
2,220,000

 
2,149,693

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

 
273,969

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

 
1,008,986

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

 
451,530

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

 
474,503

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

 
1,295,310

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

 
20,794

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

 
408,185

 
Pricoa Global
 
1.9% 09/18 144A
 
300,000

 
298,948

 
Principal FdgII
 
2.2% 4/20 144A
 
1,355,000

 
1,343,617

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

 
459,167

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

 
839,911

 
Procter Gamble Mtn
 
4.7% 2/15/19
 
184,000

 
200,545

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

 
317,543


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
 
Pt Holdings Co Inc (Unlist)
 
0
 
525

 
—

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

 
29,529

 
Refcorp Strip Prin
 
0% 10/15/19
 
1,125,000

 
1,047,841

 
Regions Fin Corp
 
2.25% 9/14/18
 
250,000

 
249,759

 
Reliance Std Lf
 
2.5% 01/15/20
 
2,745,000

 
2,719,356

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

 
1,067,548

 
Reynolds American
 
2.3% 6/18
 
168,000

 
169,067

 
Reynolds American
 
3.25% 6/20
 
509,000

 
517,350

 
Reynolds American
 
4% 6/12/22
 
257,000

 
267,346

 
Reynolds American
 
3.5% 08/04/16 Wi
 
355,000

 
358,788

 
Reynolds American
 
2.3% 8/21/17
 
525,000

 
529,128

 
RFCO Sp
 
7/15/2020
 
2,191,000

 
2,002,158

 
RFCO Sp
 
10/15/20
 
745,000

 
674,343

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

 
423,849

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

 
646,640

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

 
605,129

 
Roper Technologies
 
3% 12/15/20
 
750,000

 
746,942

 
Royal Bank Cana
 
1.2% 9/19/2017
 
126,000

 
125,411

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

 
855,871

 
Royal Bk Can Gl
 
2.35% 10/30/20
 
300,000

 
297,432

 
Royal Bk Canada
 
2.3% 7/20/16
 
107,000

 
107,687

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

 
504,131

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

 
451,295

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

 
449,030

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

 
510,674

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

 
1,055,066

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

 
3,089,145

 
Select Income Reit
 
2.85% 02/18
 
187,000

 
186,753

 
Sempra Energy
 
2.4% 3/15/20
 
445,000

 
435,076

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

 
665,867

 
Shell Intl
 
2.25% 11/10/20
 
550,000

 
541,750

 
Shell Intl Fin Bv
 
2.125% 05/20
 
2,996,000

 
2,947,657

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

 
207,127

 
Siemens Nv
 
2.9% 5/27/22 144A
 
1,250,000

 
1,250,314

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

 
22,070

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

 
136,771

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

 
175,296

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

 
1,513,597

 
Ssbk Govt Stif Fund
 
0
 
20,749,382

 
20,749,382

 
Stat
 
15-1A A3 1.42% 09/19
 
4,500,000

 
4,454,526


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

 
1,669,510

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

 
1,093,261

 
Sumitomo Bkg
 
2.45% 01/16/20
 
1,950,000

 
1,939,357

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

 
1,239,525

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

 
779,918

 
Sunoco Logistics
 
4.4% 4/1/21
 
2,800,000

 
2,713,707

 
Suntrust
 
2.35% 11/01/18
 
1,230,000

 
1,236,584

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

 
2,487,127

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

 
560,481

 
Synchrony Fin
 
2.7% 02/03/20
 
805,000

 
789,866

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

 
639,593

 
Synchrony Financl
 
2.6% 1/15/19
 
1,200,000

 
1,196,012

 
Synct
 
2015-1 A 2.37% 03/23
 
748,000

 
744,757

 
Synct
 
2015-3 A 1.74% 9/21
 
750,000

 
744,039

 
Taot
 
2015-C A3 1.34% 6/19
 
4,640,000

 
4,628,760

 
Taot
 
2013-B A3 1.15% 07/17
 
1,095,264

 
1,095,150

 
Thermo Fisher
 
2.4% 02/01/19
 
81,000

 
80,986

 
Thermo Fisher
 
2.15% 12/14/18
 
189,000

 
188,898

 
Time Warner Cab
 
5.85% 5/1/17W/I
 
741,000

 
775,207

 
Time Warner Cab
 
8.75% 2/14/19
 
1,600,000

 
1,856,555

 
Time Warner Inc
 
4.75% 3/29/21
 
490,000

 
526,941

 
Time Warnr Inc
 
4% 1/15/22
 
15,000

 
15,547

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

 
417,163

 
Toronto Dom
 
1.4% 4/30/18
 
1,160,000

 
1,150,505

 
Toronto Domini
 
2.625% 09/10/18
 
1,930,000

 
1,967,394

 
Toronto Dominio
 
1.625% 3/13/18
 
3,080,000

 
3,071,570

 
Total Cap
 
2.3% 3/15/16
 
55,000

 
55,153

 
Total Cap Cda L
 
1.45% 01/15/18
 
451,000

 
448,290

 
Total Cap Intl
 
2.875% 2/17/22
 
13,000

 
12,926

 
Total Cap Intl
 
1.55% 6/28/17
 
1,520,000

 
1,523,949

 
Total Cap Intl
 
2.125% 01/10/19
 
1,400,000

 
1,402,948

 
Total Cap Intl
 
2.75% 06/19/21
 
430,000

 
428,395

 
Total Capital Sa
 
1.5% 2/17/17
 
475,000

 
475,840

 
Toyota Motor Credit
 
2.15% 3/20
 
1,855,000

 
1,855,321

 
Transcanada Pipe
 
1.625% 11/17
 
500,000

 
495,921

 
Travelers Cos Inc
 
5.8% 5/15/18
 
35,000

 
38,227

 
Ual Pass Thru Etc
 
9.75% 1/17
 
118,311

 
124,818

 
Ubs Ag Stam 2.375% 8/14/19
 
2.375% 8/14/19
 
1,885,000

 
1,883,441

 
Ubsbb
 
2012-C2 A1 1.006% 5/63
 
137,525

 
137,102

 
Ubsbb
 
2012-C4 A1 0.6728% 12/45
 
115,288

 
114,538


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
 
Ubsbb
 
2013-C6 A1 0.805% 4/46
 
156,883

 
155,455

 
Ubscm
 
2012-C1 A2 2.180% 5/45
 
255,110

 
256,200

 
Udr Inc Mtn
 
4.25% 6/01/18
 
402,000

 
420,028

 
Union Pac Corp
 
5.65% 5/1/17
 
18,000

 
18,943

 
United Health
 
2.7% 7/15/20
 
303,000

 
306,293

 
United Parcel S
 
5.125% 4/1/19
 
2,100,000

 
2,317,333

 
Unitedhealth Inc Mtn
 
4.7% 2/21
 
2,150,000

 
2,353,646

 
Unitedhelth Gr
 
2.875% 12/15/21
 
400,000

 
404,700

 
US 10Yr Fut
 
Mar16 Tyh6
 
(739
)
 
(219,391
)
 
US 2Yr Note(Cbt)Fut
 
Mar16 Tuh6
 
654

 
30,656

 
US 5Yr Note Fut
 
Mar16 Fvh6
 
357

 
50,203

 
US Bancorp Med
 
2.95% 7/15/22
 
775,000

 
770,545

 
US Long Bond Fut
 
Mar16 Ush6
 
(81
)
 
(40,500
)
 
US T Note
 
0.625% 4/30/2018
 
32,185,000

 
31,773,611

 
US T-Note
 
0.75% 2/28/2018
 
18,460,000

 
18,304,308

 
US Ultra Bond Fut
 
Mar16 Wnh6
 
(26
)
 
(26,000
)
 
UST BOND
 
2.875% 5/15/43
 
220,000

 
214,056

 
UST Note
 
1.25% 11/15/18
 
23,955,000

 
23,920,816

 
UST Note
 
1.625% 11/30/20
 
2,460,000

 
2,446,059

 
UST Notes
 
1.375% 09/30/20
 
9,410,000

 
9,249,682

 
UST Notes
 
0.875% 1/31/18
 
8,520,000

 
8,478,218

 
UST Notes
 
0.75% 03/31/2018
 
3,015,000

 
2,988,284

 
UST Notes
 
1.25% 10/31/18
 
16,415,000

 
16,394,137

 
UST Notes
 
1.5% 05/31/19
 
3,465,000

 
3,468,850

 
UST Notes
 
1.625% 06/30/2019
 
34,605,000

 
34,767,055

 
UST Notes
 
1.625% 07/31/20
 
39,145,000

 
38,967,986

 
USTB
 
2.750% 11/15/42
 
4,305,000

 
4,096,040

 
USTB
 
2.50% 02/15/45
 
1,920,000

 
1,719,156

 
USTB
 
3% 05/15/45
 
1,380,000

 
1,371,049

 
USTB
 
2.875% 8/15/45
 
2,110,000

 
2,045,299

 
USTBILL
 
0% 03/17/16
 
235,000

 
234,952

 
USTCOUP
 
8/15/17
 
360,000

 
354,536

 
USTCOUP
 
11/15/17
 
675,000

 
661,766

 
USTN
 
1.25% 11/30/18
 
47,125,000

 
47,052,239

 
USTN
 
1.5% 12/31/18
 
67,255,000

 
67,570,477

 
USTN
 
1.5% 01/31/19
 
28,030,000

 
28,133,038

 
USTN
 
0.625% 02/15/17
 
20,000,000

 
19,949,340

 
USTN
 
1.625% 03/31/19
 
3,000,000

 
3,019,290

 
USTN
 
1.625% 04/30/19
 
9,797,000

 
9,855,821

 
USTN
 
2.125% 09/30/21
 
1,855,000

 
1,875,017


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
 
USTN
 
0.875% 10/15/17
 
3,353,000

 
3,343,166

 
USTN
 
1.5% 10/31/19
 
1,680,000

 
1,675,069

 
USTN
 
1.375% 9/30/18
 
16,904,000

 
16,959,394

 
USTN
 
0.875% 4/30/17
 
13,487,000

 
13,481,794

 
USTN
 
0.5% 7/31/17
 
22,200,000

 
22,032,168

 
USTN
 
1% 12/15/17
 
2,705,000

 
2,701,592

 
USTN
 
2.125% 12/31/21
 
2,285,000

 
2,305,659

 
USTN
 
0.875% 01/15/18
 
9,940,000

 
9,895,926

 
USTN
 
1.75% 02/28/22
 
8,710,000

 
8,587,389

 
USTN
 
1.375% 02/29/20
 
3,410,000

 
3,371,494

 
USTN
 
1.75% 03/31/22
 
29,365,000

 
28,916,743

 
USTN
 
1.375% 03/31/20
 
10,987,000

 
10,853,980

 
USTN
 
1.375% 04/30/20
 
5,320,000

 
5,252,292

 
USTN
 
3.125% 5/15/19
 
7,940,000

 
8,379,161

 
USTN
 
1.375% 08/31/20
 
5,445,000

 
5,359,013

 
USTN
 
0.875% 10/15/18
 
31,000,000

 
30,661,511

 
USTN
 
1.375% 10/31/20
 
951,200

 
934,629

 
USTN
 
2% 11/30/22
 
2,980,000

 
2,963,735

 
USTN
 
1.25% 12/15/18
 
40,192,000

 
40,112,661

 
USTN
 
1% 12/31/17
 
9,830,000

 
9,818,823

 
USTN
 
1.875% 9/30/17
 
900,000

 
912,851

 
USTN
 
2.625% 11/15/20
 
15,000,000

 
15,590,325

 
USTN
 
3.625% 2/15/21
 
5,020,000

 
5,459,059

 
USTN
 
1.375% 2/28/19
 
5,484,000

 
5,481,187

 
USTN
 
0.75% 10/31/17
 
70,000

 
69,633

 
USTN
 
1.125% 12/31/19
 
24,220,000

 
23,764,034

 
USTN
 
1% 05/15/18
 
16,050,000

 
15,972,125

 
USTN
 
1.5% 05/31/20
 
12,460,000

 
12,355,199

 
USTN
 
1.625% 06/30/20
 
2,350,000

 
2,340,924

 
USTN TII
 
0.75% 2/15/45
 
635,000

 
558,279

 
USTN TII
 
0.125% 04/15/20
 
12,365,000

 
12,398,373

 
Valet
 
2013-2 A3 0.7% 04/18
 
617,440

 
614,491

 
Valet
 
2014-1 A3 0.91% 10/22/18
 
584,000

 
579,812

 
Valet
 
2014-2 A3 0.95% 04/19
 
2,385,000

 
2,353,507

 
Vende
 
1994-1 2ZB 6.5% 2/24
 
295,273

 
330,648

 
Ventas Rlty Lp/Cap
 
2% 2/15/18
 
320,000

 
318,470

 
Verizon Com
 
3.5% 11/01/21
 
995,000

 
1,016,425

 
Verizon Com
 
3.65% 09/14/18
 
900,000

 
941,300

 
Verizon Com
 
3.45% 03/15/21
 
325,000

 
332,661

 
Verizon Comm
 
5.15% 09/15/23
 
8,360,000

 
9,191,335


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
 
Viacom Inc
 
2.5% 09/01/18
 
350,000

 
349,168

 
Viacom Inc New
 
2.5% 12/15/16
 
1,970,000

 
1,974,133

 
Viacom Inc New
 
3.875% 12/15/21
 
15,000

 
14,753

 
Virginia El&Pwr
 
2.95% 1/15/22
 
340,000

 
342,181

 
Volkswagen
 
2.125% 11/18 144A
 
600,000

 
576,544

 
Volkswagen Grp
 
2.4% 5/20 144A
 
300,000

 
280,936

 
VWALT
 
2014-A A3 0.80% 4/20/17
 
580,622

 
579,018

 
VWALT
 
2015-A A3 1.25% 12/17
 
478,000

 
473,250

 
Wachovia Bk Na Bn
 
6% 11/15/17
 
300,000

 
323,586

 
Wachovia Corp Mtn
 
5.75% 2/1/18
 
2,000,000

 
2,160,124

 
Wal Mart Stores
 
1.125% 4/18
 
1,500,000

 
1,493,850

 
Wal-Mart Stores
 
3.3% 04/22/24
 
440,000

 
454,384

 
Watson Pharma Inc
 
3.25% 10/1/22
 
700,000

 
688,548

 
WBCMT
 
2004-C11 A5 5.215% 1/41
 
26,257

 
26,247

 
WBCMT
 
06-C24 A1A CSTR 3/45
 
190,608

 
190,378

 
WBCMT
 
2006-C25 A4 CSTR 5/43
 
260,896

 
260,487

 
WBCMT
 
2006-C25 A5 CSTR 5/43
 
1,875,000

 
1,884,757

 
WBCMT
 
2006-C25 A1A CSTR 5/43
 
2,933,343

 
2,956,888

 
WBCMT
 
 2006-C27 A3 CSTR 7/45
 
230,404

 
230,117

 
WBCMT
 
2006-C26 A1A CSTR 6/45
 
468,933

 
472,356

 
WBCMT
 
2006-C28 A1A CSTR 10/48
 
2,330,576

 
2,376,406

 
WBCMT
 
2006-C29 A4 5.308% 11/48
 
178,779

 
181,221

 
WBCMT
 
2006-C29 A1A 5.297% 11/48
 
923,088

 
943,525

 
Wellpoint inc
 
2.3% 07/15/18
 
327,000

 
326,453

 
Wells Fargo
 
3% 01/22/21
 
844,000

 
853,346

 
Wells Fargo & Co
 
2.55% 12/7/20
 
1,080,000

 
1,074,584

 
Wells Fargo & Co Mtn
 
2.6% 7/20
 
500,000

 
498,931

 
Wells Fargo Co
 
4.125% 8/15/23
 
2,165,000

 
2,249,203

 
Wells Fargo&Com
 
3.676% 6/15/16
 
1,500,000

 
1,518,729

 
Western Gas Part
 
4% 7/01/22
 
395,000

 
349,506

 
Western Union Co
 
2.875% 12/17
 
682,000

 
690,143

 
Westpac Bank Corp
 
1.2% 5/19/17
 
1,280,000

 
1,276,972

 
Westpac Banking
 
3ML+74 7/30/18
 
2,620,000

 
2,615,428

 
Westpac Banking
 
2.6% 11/20
 
1,080,000

 
1,079,585

 
Westpac Banking Crp
 
2% 8/14/17
 
772,000

 
776,857

 
WFCM
 
2.528% 10/45
 
322,000

 
320,754

 
WFCM
 
2013-LC12 A1 1.676% 7/46
 
586,331

 
583,900

 
WFCM
 
15-Lc20 A3 3.086% 04/50
 
4,800,000

 
4,768,670

 
WFRBS
 
13-C14 A1 0.836% 6/15/46
 
127,946

 
126,794

 
WFRBS
 
2013-C14 A2 2.133% 6/46
 
190,000

 
189,996


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
 
WFRBS
 
2011-C5 A1 1.456% 11/44
 
15,242

 
15,238

 
WFRBS
 
2012-C6 A1 1.081% 4/45
 
22,277

 
22,255

 
WFRBS
 
2012-C8 A1 0.864% 8/45
 
112,227

 
111,779

 
WFRBS
 
2012-C8 A2 1.881% 8/45
 
400,000

 
399,888

 
WFRBS
 
2013-C11 A1 0.799% 03/45
 
73,359

 
72,877

 
WFRBS
 
13-C13 A1 0.778% 5/45
 
110,377

 
109,441

 
Williams Partners
 
3.6% 3/15/22
 
2,655,000

 
2,089,047

 
Wisconsin Energy
 
2.45% 6/15/20
 
218,000

 
216,961

 
WOART
 
2013-B A3 0.83% 08/18
 
2,681,857

 
2,676,498

 
WOART
 
2014-B A3 1.14% 1/20
 
1,820,000

 
1,812,664

 
WOART
 
15-B A2B 1Ml+40 07/19
 
2,600,000

 
2,600,539

 
Wols
 
2015-A A3 1.54% 10/18
 
560,000

 
556,001

 
WPACBKG
 
1.6% 1/12/18
 
1,000,000

 
998,124

 
Wrap Contracts
 
Wrap Contracts
 
—

 
156,943

 
Wrigley (Wm.) J
 
2% 10/17 144A
 
340,000

 
340,568

 
Wyndham Worldwide
 
2.5% 3/18
 
390,000

 
388,416

 
Xerox Corp
 
2.95% 3/15/17
 
270,000

 
272,015

 
Xerox Corp
 
2.75% 03/15/19
 
554,000

 
544,133

 
Xstrata Can Fin
 
3.6% 1/17 144A
 
1,755,000

 
1,695,330

 
Xstrata Fn Cda
 
2.45% 10/17 144A
 
1,365,000

 
1,248,975

 
Xylem Inc
 
3.55% 9/20/16
 
1,175,000

 
1,191,060

 
Xylem Inc
 
4.875% 10/01/21
 
400,000

 
425,373

 
Zimmer Holdings
 
3.15% 4/1/22
 
2,000,000

 
1,966,246

 
Zoetis Inc
 
3.45% 11/13/20
 
106,000

 
106,123

 
 
 
 
 
 
 
 
 
Adjustment to Contract Value
 
 
 
 
 
(26,178,801
)
 
 
 
 
 
 
 
 
Total Investment Contracts
 
 
 
1,666,208,119

 
 
 
 
 
 
 
 
Registered Investment Companies
 
 
 
 
 

 
* Fidelity Institutional Money Market – Government Portfolio
 
Money Market Fund
 
875,679,366

 
875,679,366

 
Janus Balanced N Fund
 
Equity Based Fund
 
49,245,486

 
1,425,164,356

 
Oppenheimer Developing Markets Fund
 
Equity Based Fund
 
3,557,716

 
106,660,340

 
Pimco Total Return Institutional Fund
 
Fixed Income Based Fund
 
47,177,738

 
475,079,820

 
Principal Diversified Real Asset Fund
 
Equity Based Fund
 
1,208,264

 
12,650,526

 
T. Rowe Price Institutional Small-Cap Stock Fund
 
Equity Based Fund
 
27,817,806

 
515,742,131

 
Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares
 
Equity Based Fund
 
44,876,406

 
2,062,070,836

 
Vanguard REIT Index Inst
 
Equity Based Fund
 
8,014,212

 
140,168,560

 
Brokerage Link
 
Various
 
—

 
495,413,917

 
 
 
 
 
 
 
 

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
Total Registered Investment Companies
 
 
 
6,108,629,852

 
 
 
 
 
 
 
 
Common Collective Trusts
 
 
 
 
 
 
 
Harris Associates Oakmark Global Collective Fund
 
Equity Based Funds
 
18,606,849

 
264,403,318

 
Northern Trust Collective Aggregate Bond Index Fund - DC – Non-Lending
 
Fixed Income Based Funds
 
9,345,873

 
951,877,178

 
Northern Trust ACWI ex-US Fund - DC NonLending(a)
 
Equity Based Funds
 
11,938,559

 
1,093,810,818

 
Northern Trust Collective Russell 2000 Index Fund - DC - Non-Lending
 
Equity Based Funds
 
6,790,508

 
722,713,764

 
Northern Trust Collective S&P 500 Index Fund - DC - Non-Lending
 
Equity Based Funds
 
21,752,953

 
2,344,750,769

 
 
 
 
 
 
 
 
Total Common Collective Trusts
 
 
 
 
 
5,377,555,847

 
 
 
 
 
 
 
 
Raytheon Company Common Stock
 
 
 
 
 
 
 
* Raytheon Company
 
Raytheon Common Stock
 
11,844,966

 
1,475,053,616

Total Raytheon Company Common Stock
 
 
 
1,475,053,616

 
 
 
 
 
 
 
 
Total Investments
 
 
 
14,627,447,434

 
 
 
 
 
 
 
 
 
* Participant Loans
 
3.25%-9.50%
 
 
 
220,276,490

 
 
 
 
 
 
 
 
Total Investments at Contract Value Including Participant Loans
 
 
 
$
14,847,723,924

 
 
 
 
 
 
 
 
*Party in interest


40
Table of Contents



SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 14, 2016            
RAYTHEON SAVINGS AND INVESTMENT PLAN
 
 
 
By:
/s/ Michael J. Wood
 
Michael J. Wood
 
Vice President, Controller and Chief Accounting Officer
 
Principal Accounting Officer



41
Table of Contents



EXHIBIT INDEX

23.1

 
Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm.
 
 
 


42