Controls & Procedures

Compliance Review Summary: Disclosure Controls and Internal Controls over Financial Reporting (ICFR)

1. Management's Conclusions on Effectiveness:

Disclosure Controls and Procedures: Management (CEO, CFO, and Controller) concluded that the disclosure controls and procedures were effective as of the reporting date. These controls provide reasonable assurance that required information is recorded, processed, summarized, and reported in a timely manner.
Internal Control over Financial Reporting (ICFR): Management concluded that the ICFR was effective as of December 31, 2021. This assessment utilized the criteria set forth by the COSO 2013 Internal Control - Integrated Framework.

2. Material Weaknesses or Significant Deficiencies Identified:

The filing did not identify any material weaknesses or significant deficiencies in the company's internal controls over financial reporting.

3. Changes to Internal Controls During the Reporting Period:

The company reported that there were no changes in its internal control over financial reporting during the quarter ended December 31, 2021, that materially affected, or were reasonably likely to materially affect, the system.

4. Remediation Efforts:

Since no material weaknesses or significant deficiencies were identified, no remediation efforts were reported.

5. Noteworthy New Controls or Procedures Introduced:

The filing did not disclose any noteworthy new controls or procedures introduced during the reporting period.

Summary Highlight: The company affirms that both its disclosure controls and its ICFR were deemed effective as of December 31, 2021. Crucially, the filing reports no material weaknesses, significant deficiencies, or material changes to the internal control structure 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, 2021. 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, 2021. The effectiveness of our internal control over financial reporting as of December 31, 2021 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, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Rtx Corp Controls & Procedures Analysis

Controls & Procedures