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Segment Financial Data
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment Financial Data [Text Block]
Segment Financial Data
Our operations are classified into five principal segments: Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems and Sikorsky. The segments are generally based on the management structure of the businesses and the grouping of similar operating companies, where each management organization has general operating autonomy over diversified products and services.
Results for the quarters ended June 30, 2015 and 2014 are as follows:
 
Net Sales
 
Operating Profits
 
Operating Profit Margins
(Dollars in millions)
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Otis
$
3,098

 
$
3,365

 
$
627

 
$
693

 
20.2
%
 
20.6
 %
UTC Climate, Controls & Security
4,454

 
4,429

 
823

 
815

 
18.5
%
 
18.4
 %
Pratt & Whitney
3,677

 
3,592

 
487

 
432

 
13.2
%
 
12.0
 %
UTC Aerospace Systems
3,632

 
3,636

 
580

 
602

 
16.0
%
 
16.6
 %
Sikorsky
1,691

 
2,384

 
165

 
(317
)
 
9.8
%
 
(13.3
)%
Total segments
16,552

 
17,406

 
2,682

 
2,225

 
16.2
%
 
12.8
 %
Eliminations and other
(219
)
 
(215
)
 
(10
)
 
249

 
 
 
 
General corporate expenses

 

 
(120
)
 
(119
)
 
 
 
 
Consolidated
$
16,333

 
$
17,191

 
$
2,552

 
$
2,355

 
15.6
%
 
13.7
 %

Results for the six months ended June 30, 2015 and 2014 are as follows:
 
Net Sales
 
Operating Profits
 
Operating Profit Margins
(Dollars in millions)
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Otis
$
5,843

 
$
6,320

 
$
1,154

 
$
1,263

 
19.8
%
 
20.0
 %
UTC Climate, Controls & Security
8,306

 
8,280

 
1,552

 
1,352

 
18.7
%
 
16.3
 %
Pratt & Whitney
7,009

 
6,921

 
906

 
820

 
12.9
%
 
11.8
 %
UTC Aerospace Systems
7,180

 
7,086

 
1,149

 
1,192

 
16.0
%
 
16.8
 %
Sikorsky
2,958

 
3,745

 
257

 
(231
)
 
8.7
%
 
(6.2
)%
Total segments
31,296

 
32,352

 
5,018

 
4,396

 
16.0
%
 
13.6
 %
Eliminations and other
(422
)
 
(416
)
 
38

 
288

 
 
 
 
General corporate expenses

 

 
(230
)
 
(231
)
 
 
 
 
Consolidated
$
30,874

 
$
31,936

 
$
4,826

 
$
4,453

 
15.6
%
 
13.9
 %

See Note 7 to the Condensed Consolidated Financial Statements for a discussion of restructuring costs included in segment operating results.