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Segment Financial Data | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Segment Financial Data | SEGMENT FINANCIAL DATA Our operations for the periods presented herein are classified into four principal segments. The segments are generally determined 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. As discussed in Note 3, on November 6, 2015, we completed the sale of Sikorsky to Lockheed Martin Corp. The tables below exclude amounts attributable to Sikorsky, which have been reclassified to Discontinued Operations in the accompanying Consolidated Statement of Operations. Otis products include elevators, escalators, moving walkways and service sold to customers in the commercial and residential property industries around the world. UTC Climate, Controls & Security products and related services include HVAC and refrigeration systems, building controls and automation, fire and special hazard suppression systems and equipment, security monitoring and rapid response systems, provided to a diversified international customer base principally in the industrial, commercial and residential property and commercial transportation sectors. Pratt & Whitney products include commercial, military, business jet and general aviation aircraft engines, parts and services sold to a diversified customer base, including international and domestic commercial airlines and aircraft leasing companies, aircraft manufacturers, and U.S. and foreign governments. Pratt & Whitney also provides product support and a full range of overhaul, repair and fleet management services. UTC Aerospace Systems provides aerospace products and aftermarket services for commercial, military, business jet and general aviation customers worldwide. Products include electric power generation, power management and distribution systems, air data and flight sensing and management systems, engine control systems, electric systems, intelligence, surveillance and reconnaissance systems, engine components, environmental control systems, fire and ice detection and protection systems, propeller systems, aircraft aerostructures including engine nacelles, thrust reversers, and mounting pylons, interior and exterior aircraft lighting, aircraft seating and cargo systems, actuation systems, landing systems, including landing gears, wheels and brakes, and space products and subsystems. Aftermarket services include spare parts, overhaul and repair, engineering and technical support and fleet management solutions. We have reported our financial and operational results for the periods presented herein under the four principal segments noted above, consistent with how we have reviewed our business operations for decision-making purposes, resource allocation and performance assessment during 2017. Segment Information. Total sales by segment include intersegment sales, which are generally made at prices approximating those that the selling entity is able to obtain on external sales. Segment information for the years ended December 31 is as follows:
|  | Net Sales |  | Operating Profits
(dollars in millions) |  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015
Otis |  | $ | 12,341 |  |  | $ | 11,893 |  |  | $ | 11,980 |  |  | $ | 2,021 |  |  | $ | 2,147 |  |  | $ | 2,338 |
UTC Climate, Controls & Security |  | 17,812 |  |  | 16,851 |  |  | 16,707 |  |  | 3,300 |  |  | 2,956 |  |  | 2,936 |
Pratt & Whitney |  | 16,160 |  |  | 14,894 |  |  | 14,082 |  |  | 1,460 |  |  | 1,545 |  |  | 861 |
UTC Aerospace Systems |  | 14,691 |  |  | 14,465 |  |  | 14,094 |  |  | 2,370 |  |  | 2,298 |  |  | 1,888 |
Total segment |  | 61,004 |  |  | 58,103 |  |  | 56,863 |  |  | 9,151 |  |  | 8,946 |  |  | 8,023 |
Eliminations and other |  | (1,167 | ) |  | (859 | ) |  | (765 | ) |  | (38 | ) |  | (368 | ) |  | (268 | )
General corporate expenses |  | — |  |  | — |  |  | — |  |  | (441 | ) |  | (406 | ) |  | (464 | )
Consolidated |  | $ | 59,837 |  |  | $ | 57,244 |  |  | $ | 56,098 |  |  | $ | 8,672 |  |  | $ | 8,172 |  |  | $ | 7,291 |
|  | Total Assets |  | Capital Expenditures |  | Depreciation & Amortization
(dollars in millions) |  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015
Otis |  | $ | 9,421 |  |  | $ | 8,867 |  |  | $ | 8,846 |  |  | $ | 133 |  |  | $ | 94 |  |  | $ | 83 |  |  | $ | 177 |  |  | $ | 171 |  |  | $ | 176 |
UTC Climate, Controls & Security |  | 22,657 |  |  | 21,787 |  |  | 21,287 |  |  | 326 |  |  | 340 |  |  | 261 |  |  | 372 |  |  | 354 |  |  | 337 |
Pratt & Whitney |  | 26,768 |  |  | 22,971 |  |  | 20,336 |  |  | 923 |  |  | 725 |  |  | 692 |  |  | 672 |  |  | 550 |  |  | 476 |
UTC Aerospace Systems |  | 34,567 |  |  | 34,093 |  |  | 34,736 |  |  | 527 |  |  | 452 |  |  | 537 |  |  | 823 |  |  | 807 |  |  | 796 |
Total segment |  | 93,413 |  |  | 87,718 |  |  | 85,205 |  |  | 1,909 |  |  | 1,611 |  |  | 1,573 |  |  | 2,044 |  |  | 1,882 |  |  | 1,785 |
Eliminations and other |  | 3,507 |  |  | 1,988 |  |  | 2,279 |  |  | 105 |  |  | 88 |  |  | 79 |  |  | 96 |  |  | 80 |  |  | 78 |
Consolidated |  | $ | 96,920 |  |  | $ | 89,706 |  |  | $ | 87,484 |  |  | $ | 2,014 |  |  | $ | 1,699 |  |  | $ | 1,652 |  |  | $ | 2,140 |  |  | $ | 1,962 |  |  | $ | 1,863 |
Geographic External Sales and Operating Profit. Geographic external sales and operating profits are attributed to the geographic regions based on their location of origin. U.S. external sales include export sales to commercial customers outside the U.S. and sales to the U.S. Government, commercial and affiliated customers, which are known to be for resale to customers outside the U.S. Long-lived assets are net fixed assets attributed to the specific geographic regions.
|  | External Net Sales |  | Operating Profits |  | Long-Lived Assets
(dollars in millions) |  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015
United States Operations |  | $ | 33,912 |  |  | $ | 32,335 |  |  | $ | 30,989 |  |  | $ | 4,528 |  |  | $ | 4,566 |  |  | $ | 4,391 |  |  | $ | 5,323 |  |  | $ | 4,822 |  |  | $ | 4,517 |
International Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe |  | 11,879 |  |  | 11,151 |  |  | 10,945 |  |  | 2,058 |  |  | 1,933 |  |  | 1,882 |  |  | 1,817 |  |  | 1,538 |  |  | 1,525 |
Asia Pacific |  | 8,770 |  |  | 8,260 |  |  | 8,425 |  |  | 1,488 |  |  | 1,484 |  |  | 1,641 |  |  | 1,113 |  |  | 999 |  |  | 994 |
Other |  | 5,262 |  |  | 5,479 |  |  | 5,584 |  |  | 1,077 |  |  | 963 |  |  | 109 |  |  | 1,389 |  |  | 1,325 |  |  | 1,273 |
Eliminations and other |  | 14 |  |  | 19 |  |  | 155 |  |  | (479 | ) |  | (774 | ) |  | (732 | ) |  | 544 |  |  | 474 |  |  | 423 |
Consolidated |  | $ | 59,837 |  |  | $ | 57,244 |  |  | $ | 56,098 |  |  | $ | 8,672 |  |  | $ | 8,172 |  |  | $ | 7,291 |  |  | $ | 10,186 |  |  | $ | 9,158 |  |  | $ | 8,732 |
Sales from U.S. operations include export sales as follows:
(dollars in millions) |  | 2017 |  | 2016 |  | 2015
Europe |  | $ | 5,273 |  |  | $ | 5,065 |  |  | $ | 4,366 |
Asia Pacific |  | 3,634 |  |  | 3,449 |  |  | 2,902 |
Other |  | 2,217 |  |  | 2,313 |  |  | 2,473 |
|  | $ | 11,124 |  |  | $ | 10,827 |  |  | $ | 9,741 |
Major Customers. Net Sales include sales under prime contracts and subcontracts to the U.S. Government, primarily related to Pratt & Whitney and UTC Aerospace Systems products, as follows:
(dollars in millions) |  | 2017 |  | 2016 |  | 2015
Pratt & Whitney |  | $ | 3,347 |  |  | $ | 3,187 |  |  | $ | 2,945 |
UTC Aerospace Systems |  | 2,299 |  |  | 2,301 |  |  | 2,409 |
Other |  | 152 |  |  | 138 |  |  | 276 |
|  | $ | 5,798 |  |  | $ | 5,626 |  |  | $ | 5,630 |
Net sales by Sikorsky under prime contracts and subcontracts to the U.S. Government of approximately $3.1 billion have been reclassified to Discontinued Operations in our Consolidated Statement of Operations for the year ended December 31, 2015. Net sales to Airbus, primarily related to Pratt & Whitney and UTC Aerospace Systems products, were approximately $8,908 million, $7,688 million and $7,624 million for the years ended December 31, 2017, 2016 and 2015, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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