XML 35 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Financial Data
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Financial Data [Text Block]
Segment Financial Data
Our operations are classified into four principal segments: Otis, UTC Climate, Controls & Security, Pratt & Whitney, and UTC Aerospace Systems. 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 March 31, 2017 and 2016 are as follows:
 
Net Sales
 
Operating Profits
 
Operating Profit Margins
(Dollars in millions)
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Otis
$
2,804

 
$
2,715

 
$
452

 
$
466

 
16.1
%
 
17.2
%
UTC Climate, Controls & Security
3,892

 
3,728

 
963

 
606

 
24.7
%
 
16.3
%
Pratt & Whitney
3,758

 
3,588

 
393

 
410

 
10.5
%
 
11.4
%
UTC Aerospace Systems
3,611

 
3,505

 
576

 
538

 
16.0
%
 
15.3
%
Total segments
14,065

 
13,536

 
2,384

 
2,020

 
16.9
%
 
14.9
%
Eliminations and other
(250
)
 
(179
)
 
(13
)
 
16

 
 
 
 
General corporate expenses
—

 
—

 
(104
)
 
(91
)
 
 
 
 
Consolidated
$
13,815

 
$
13,357

 
$
2,267

 
$
1,945

 
16.4
%
 
14.6
%

 
 
 
 
 
 
 
 
 
 
 
 

See Note 8 to the Condensed Consolidated Financial Statements for a discussion of restructuring costs included in segment operating results.