Raytheon 2006 Annual Report Download - page 125

Download and view the complete annual report

Please find page 125 of the 2006 Raytheon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
Note 18: Other Income and Expense
The components of other (income) expense, net were as follows:
(In millions) 2006 2005 2004
Securities class action lawsuit adjustment $(34) $— $—
Sale of the Space Imaging investment (24) ——
Tentative ERISA lawsuit settlement 7——
Loss on sale of HRL investment 4——
Gain on sale of investments —(45) —
Securities and Exchange Commission settlement offer —12 —
Loss on repurchases of long-term debt and subordinated notes payable —10 132
Securities class action lawsuit settlement —— 325
Gain on sale of commercial infrared business —— (10)
Gain on sale of aviation support business —— (4)
Other 311 (7)
Total $(44) $(12) $436
In January 2006, substantially all of the assets of Space Imaging LLC (in which we had an investment) were sold. In
connection with this sale, we received proceeds of approximately $24 million and recorded a gain for the same amount in
other (income) expense.
In 2005, we sold our investment in Indra ATM S.L., a Spanish joint venture for $59 million and recorded a gain of $45
million.
97