“That's correct. And as you think about from '23 to '24, inventory is going to essentially, our plan is to stay flat, that will be about 80% of what generates that year-over-year working capital benefit in '24.”

How to check this claim

Look at: Inventory balance (year-over-year change, FY2023 to FY2024) and working capital benefit contribution

It came true if: FY2024 inventory approximately flat versus FY2023 (within +/-2%), and inventory-related change accounts for roughly 80% of the reported year-over-year working capital benefit

Where: Company 10-K / cash flow statement and management commentary on working capital drivers (Q4 2024 earnings call / annual report)

Verify independently

SEC filings for RTX ↗ · Claim quote is verbatim from the 2023Q4 earnings call.