Controls & Procedures

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

Management Conclusions:

Disclosure Controls and Procedures: Management, including the CEO, CFO, and Controller, concluded that disclosure controls and procedures were effective as of December 31, 2023. These controls provide reasonable assurance that required information is recorded, processed, summarized, and reported within specified time periods and communicated appropriately to management for timely decision-making regarding disclosure.
Internal Control over Financial Reporting (ICFR): Management concluded that ICFR was effective as of December 31, 2023, based on an assessment utilizing the COSO Internal Control - Integrated Framework criteria.

Material Weaknesses and Significant Deficiencies:

No material weaknesses or significant deficiencies in internal control over financial reporting were identified or disclosed within this section.

Changes to Controls During Reporting Period:

There were no changes in ICFR during the quarter ended December 31, 2023, that materially affected or are reasonably likely to materially affect the effectiveness of the controls.

Remediation Efforts and Noteworthy Procedures:

No specific remediation efforts for identified issues were mentioned, as no material weaknesses were reported.
The assessment confirms the use of the COSO 2013 Internal Control - Integrated Framework criteria.

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 Chairman 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, 2023. 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, 2023. The effectiveness of our internal control over financial reporting as of December 31, 2023 has been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in its report which is set forth within 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, 2023 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Rtx Corp Controls & Procedures Analysis

Controls & Procedures