Controls & Procedures

Based on the review of Item 9A, the following summarizes RTX Corp's disclosure controls and internal controls over financial reporting (ICFR) for the period ending December 31, 2020:

Management Conclusions on Effectiveness:

Disclosure Controls and Procedures: Management concluded that its disclosure controls and procedures were effective in providing reasonable assurance that required information is recorded, processed, summarized, and reported within specified time periods and communicated appropriately to management.
Internal Control over Financial Reporting (ICFR): Management assessed the effectiveness of ICFR as of December 31, 2020, utilizing the COSO 2013 framework, and concluded that ICFR was effective during this period.

Material Weaknesses and Significant Deficiencies:

The document does not identify any material weaknesses or significant deficiencies in either disclosure controls or internal control over financial reporting. (Note: The text acknowledges inherent limitations to all systems of controls.)

Changes and Remediation Efforts:

Changes to Internal Controls: Management reported that there were no changes to the company's internal control over financial reporting during the quarter ended December 31, 2020, that materially affected or are reasonably likely to materially affect ICFR.
Remediation: No specific remediation efforts are noted as no deficiencies were identified.

New Controls or Procedures Introduced:

The provided text does not mention any noteworthy new controls or procedures introduced during the reporting period.

ITEM 9A. CONTROLS AND PROCEDURES

As required by Rule 13a-15 under the Securities Exchange Act of 1934, as amended, we carried out an evaluation under the supervision and with the participation of our management, including the President and Chief Executive Officer (CEO), the Executive Vice President and Chief Financial Officer (CFO) and the Corporate Vice President and Controller (Controller), of the effectiveness of the design and operation of our disclosure controls and procedures. There are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their control objectives. Based upon our evaluation, our CEO, CFO and Controller concluded that our disclosure controls and procedures were effective to provide reasonable assurance that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the applicable rules and forms, and that it is accumulated and communicated to our management, including our CEO, CFO and Controller, as appropriate, to allow timely decisions regarding required disclosure.

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with accounting principles generally accepted in the U.S. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Our management has assessed the effectiveness of our internal control over financial reporting as of December 31, 2020. In making its assessment, management has utilized the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in its 2013 Internal Control - Integrated Framework. Our management has concluded that based on its assessment, our internal control over financial reporting was effective as of December 31, 2020. The effectiveness of our internal control over financial reporting as of December 31, 2020 has been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in its report which is set forth in Item 8 of this Annual Report on Form 10-K. There were no changes in our internal control over financial reporting during the quarter ended December 31, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Rtx Corp Controls & Procedures Analysis

Controls & Procedures