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Shareowners' Equity and Noncontrolling Interest | 9 Months Ended
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Sep. 30, 2018
Stockholders' Equity Note [Abstract] |
Shareowners' Equity and Noncontrolling Interest [Text Block] | Shareowners' Equity and Noncontrolling Interest A summary of the changes in shareowners' equity and noncontrolling interest comprising total equity for the quarter and nine months ended September 30, 2018 and 2017 is provided below:
| Quarter Ended September 30,
| 2018 |  | 2017
(dollars in millions) | Share-owners' Equity |  | Non-controlling Interest |  | Total Equity |  | Share-owners' Equity |  | Non-controlling Interest |  | Total Equity
Equity, beginning of period | $ | 31,364 |  |  | $ | 1,982 |  |  | $ | 33,346 |  |  | $ | 28,442 |  |  | $ | 1,713 |  |  | $ | 30,155 |
Comprehensive income (loss) for the period: |  |  |  |  |  |  |  |  |  |  |
Net income | 1,238 |  |  | 111 |  |  | 1,349 |  |  | 1,330 |  |  | 104 |  |  | 1,434 |
Total other comprehensive (loss) income | (39 | ) |  | (19 | ) |  | (58 | ) |  | 637 |  |  | 40 |  |  | 677 |
Total comprehensive income for the period | 1,199 |  |  | 92 |  |  | 1,291 |  |  | 1,967 |  |  | 144 |  |  | 2,111 |
Common Stock issued under employee plans | 125 |  |  | — |  |  | 125 |  |  | 86 |  |  | — |  |  | 86 |
Common Stock repurchased | (23 | ) |  | — |  |  | (23 | ) |  | (60 | ) |  | — |  |  | (60 | )
Dividends on Common Stock | (536 | ) |  | — |  |  | (536 | ) |  | (533 | ) |  | — |  |  | (533 | )
Dividends on ESOP Common Stock | (18 | ) |  | — |  |  | (18 | ) |  | (19 | ) |  | — |  |  | (19 | )
Dividends attributable to noncontrolling interest | — |  |  | (73 | ) |  | (73 | ) |  | — |  |  | (105 | ) |  | (105 | )
Capital contributions | — |  |  | 138 |  |  | 138 |  |  | — |  |  | 54 |  |  | 54 |
Sale of subsidiary shares from noncontrolling interest, net | — |  |  | — |  |  | — |  |  | 5 |  |  | 9 |  |  | 14 |
Acquisition of noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | 14 |  |  | 14 |
Redeemable noncontrolling interest fair value adjustment | (6 | ) |  | — |  |  | (6 | ) |  | (4 | ) |  | — |  |  | (4 | )
Other | 1 |  |  | 5 |  |  | 6 |  |  | (3 | ) |  | (19 | ) |  | (22 | )
Equity, end of period | $ | 32,106 |  |  | $ | 2,144 |  |  | $ | 34,250 |  |  | $ | 29,881 |  |  | $ | 1,810 |  |  | $ | 31,691 |
| Nine Months Ended September 30,
| 2018 |  | 2017
(dollars in millions) | Share-owners' Equity |  | Non-controlling Interest |  | Total Equity |  | Share-owners' Equity |  | Non-controlling Interest |  | Total Equity
Equity, beginning of period | $ | 29,610 |  |  | $ | 1,811 |  |  | $ | 31,421 |  |  | $ | 27,579 |  |  | $ | 1,590 |  |  | $ | 29,169 |
Comprehensive income (loss) for the period: |  |  |  |  |  |  |  |  |  |  |
Net income | 4,583 |  |  | 273 |  |  | 4,856 |  |  | 4,155 |  |  | 279 |  |  | 4,434 |
Total other comprehensive (loss) income | (198 | ) |  | (24 | ) |  | (222 | ) |  | 1,007 |  |  | 83 |  |  | 1,090 |
Total comprehensive income for the period | 4,385 |  |  | 249 |  |  | 4,634 |  |  | 5,162 |  |  | 362 |  |  | 5,524 |
Common Stock issued under employee plans | 306 |  |  | — |  |  | 306 |  |  | 256 |  |  | — |  |  | 256 |
Common Stock repurchased | (75 | ) |  | — |  |  | (75 | ) |  | (1,430 | ) |  | — |  |  | (1,430 | )
Dividends on Common Stock | (1,606 | ) |  | — |  |  | (1,606 | ) |  | (1,541 | ) |  | — |  |  | (1,541 | )
Dividends on ESOP Common Stock | (53 | ) |  | — |  |  | (53 | ) |  | (54 | ) |  | — |  |  | (54 | )
Dividends attributable to noncontrolling interest | — |  |  | (212 | ) |  | (212 | ) |  | — |  |  | (217 | ) |  | (217 | )
Capital contributions | — |  |  | 300 |  |  | 300 |  |  | — |  |  | 97 |  |  | 97 |
(Purchase) sale of subsidiary shares from noncontrolling interest, net | (1 | ) |  | (1 | ) |  | (2 | ) |  | 4 |  |  | 4 |  |  | 8 |
Acquisition of noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | 14 |  |  | 14 |
Disposition of noncontrolling interest | — |  |  | (8 | ) |  | (8 | ) |  | — |  |  | — |  |  | — |
Redeemable noncontrolling interest fair value adjustment | (8 | ) |  | — |  |  | (8 | ) |  | (99 | ) |  | — |  |  | (99 | )
New Revenue Standard adoption impact | (480 | ) |  | — |  |  | (480 | ) |  | — |  |  | — |  |  | — |
Other | 28 |  |  | 5 |  |  | 33 |  |  | 4 |  |  | (40 | ) |  | (36 | )
Equity, end of period | $ | 32,106 |  |  | $ | 2,144 |  |  | $ | 34,250 |  |  | $ | 29,881 |  |  | $ | 1,810 |  |  | $ | 31,691 |
A summary of the changes in each component of Accumulated other comprehensive (loss) income, net of tax for the quarter and nine months ended September 30, 2018 and 2017 is provided below:
(dollars in millions) | Foreign Currency Translation |  | Defined Benefit Pension and Post- retirement Plans |  | Unrealized Gains (Losses) on Available-for-Sale Securities |  | Unrealized Hedging (Losses) Gains |  | Accumulated Other Comprehensive (Loss) Income
Quarter Ended September 30, 2018 |  |  |  |  |  |  |  |  |
Balance at June 30, 2018 | $ | (3,085 | ) |  | $ | (4,499 | ) |  | $ | — |  |  | $ | (100 | ) |  | $ | (7,684 | )
Other comprehensive (loss) income before reclassifications, net | (166 | ) |  | (17 | ) |  | — |  |  | 95 |  |  | (88 | )
Amounts reclassified, pre-tax | — |  |  | 86 |  |  | — |  |  | 2 |  |  | 88 |
Tax expense (benefit) | 4 |  |  | (15 | ) |  | — |  |  | (28 | ) |  | (39 | )
Balance at September 30, 2018 | $ | (3,247 | ) |  | $ | (4,445 | ) |  | $ | — |  |  | $ | (31 | ) |  | $ | (7,723 | )
Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |
Balance at December 31, 2017 | $ | (2,950 | ) |  | $ | (4,652 | ) |  | $ | 5 |  |  | $ | 72 |  |  | $ | (7,525 | )
Other comprehensive (loss) income before reclassifications, net | (354 | ) |  | 9 |  |  | — |  |  | (105 | ) |  | (450 | )
Amounts reclassified, pre-tax | (3 | ) |  | 262 |  |  | — |  |  | (26 | ) |  | 233 |
Tax expense (benefit) | 60 |  |  | (64 | ) |  | — |  |  | 28 |  |  | 24 |
ASU 2016-01 adoption impact | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Balance at September 30, 2018 | $ | (3,247 | ) |  | $ | (4,445 | ) |  | $ | — |  |  | $ | (31 | ) |  | $ | (7,723 | )
(dollars in millions) | Foreign Currency Translation |  | Defined Benefit Pension and Post- retirement Plans |  | Unrealized Gains (Losses) on Available-for-Sale Securities |  | Unrealized Hedging (Losses) Gains |  | Accumulated Other Comprehensive (Loss) Income
Quarter Ended September 30, 2017 |  |  |  |  |  |  |  |  |
Balance at June 30, 2017 | $ | (3,128 | ) |  | $ | (4,882 | ) |  | $ | 100 |  |  | $ | (54 | ) |  | $ | (7,964 | )
Other comprehensive income (loss) before reclassifications, net | 474 |  |  | (37 | ) |  | 12 |  |  | 232 |  |  | 681 |
Amounts reclassified, pre-tax | (3 | ) |  | 132 |  |  | (138 | ) |  | (24 | ) |  | (33 | )
Tax (benefit) expense reclassified | — |  |  | (66 | ) |  | 50 |  |  | 5 |  |  | (11 | )
Balance at September 30, 2017 | $ | (2,657 | ) |  | $ | (4,853 | ) |  | $ | 24 |  |  | $ | 159 |  |  | $ | (7,327 | )
Nine Months Ended September 30, 2017 |  |  |  |  |  |  |  |  |
Balance at December 31, 2016 | $ | (3,480 | ) |  | $ | (5,045 | ) |  | $ | 353 |  |  | $ | (162 | ) |  | $ | (8,334 | )
Other comprehensive income (loss) before reclassifications, net | 826 |  |  | (39 | ) |  | 11 |  |  | 332 |  |  | 1,130 |
Amounts reclassified, pre-tax | (3 | ) |  | 395 |  |  | (545 | ) |  | (14 | ) |  | (167 | )
Tax (benefit) expense reclassified | — |  |  | (164 | ) |  | 205 |  |  | 3 |  |  | 44 |
Balance at September 30, 2017 | $ | (2,657 | ) |  | $ | (4,853 | ) |  | $ | 24 |  |  | $ | 159 |  |  | $ | (7,327 | )
In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. This ASU modifies how entities measure equity investments and present changes in the fair value of financial liabilities. Upon adoption, investments that do not result in consolidation and are not accounted for under the equity method generally must be carried at fair value, with changes in fair value recognized in net income. We had approximately $5 million of unrealized gains on these securities recorded in Accumulated other comprehensive loss in our Consolidated Balance Sheet as of December 31, 2017. We adopted this standard effective January 1, 2018, with these amounts recorded directly to retained earnings as of that date. Amounts reclassified that relate to our defined benefit pension and postretirement plans include the amortization of prior service costs and actuarial net losses recognized during each period presented. These costs are recorded as components of net periodic pension cost for each period presented (see Note 7 for additional details). Amounts reclassified that relate to unrealized gains (losses) on available-for-sale securities, pre-tax includes approximately $500 million of previously unrealized gains reclassified to other income as a result of sales of significant investments in available-for-sale securities in the nine months ended September 30, 2017, including UTC Climate, Controls & Security's sale of investments in Watsco, Inc. All noncontrolling interests with redemption features, such as put options, that are not solely within our control (redeemable noncontrolling interests) are reported in the mezzanine section of the Condensed Consolidated Balance Sheet, between liabilities and equity, at the greater of redemption value or initial carrying value.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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