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v3.19.2

Segment Financial Data (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Results for the quarters ended June 30, 2019 and 2018 are as follows:
| Net Sales |  | Operating Profits |  | Operating Profit Margins
(dollars in millions) | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
Otis | $ | 3,348 |  |  | $ | 3,344 |  |  | $ | 515 |  |  | $ | 488 |  |  | 15.4 | % |  | 14.6 | %
Carrier | 4,962 |  |  | 5,035 |  |  | 836 |  |  | 1,645 |  |  | 16.8 | % |  | 32.7 | %
Pratt & Whitney | 5,150 |  |  | 4,736 |  |  | 424 |  |  | 397 |  |  | 8.2 | % |  | 8.4 | %
Collins Aerospace Systems | 6,576 |  |  | 3,962 |  |  | 1,172 |  |  | 569 |  |  | 17.8 | % |  | 14.4 | %
Total segments | 20,036 |  |  | 17,077 |  |  | 2,947 |  |  | 3,099 |  |  | 14.7 | % |  | 18.1 | %
Eliminations and other | (402 | ) |  | (372 | ) |  | (239 | ) |  | (97 | ) |  |  |  |
General corporate expenses | — |  |  | — |  |  | (124 | ) |  | (126 | ) |  |  |  |
Consolidated | $ | 19,634 |  |  | $ | 16,705 |  |  | $ | 2,584 |  |  | $ | 2,876 |  |  | 13.2 | % |  | 17.2 | %
Results for the six months ended June 30, 2019 and 2018 are as follows:
| Net Sales |  | Operating Profits |  | Operating Profit Margins
(dollars in millions) | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
Otis | $ | 6,444 |  |  | $ | 6,381 |  |  | $ | 941 |  |  | $ | 938 |  |  | 14.6 | % |  | 14.7 | %
Carrier | 9,285 |  |  | 9,411 |  |  | 1,365 |  |  | 2,237 |  |  | 14.7 | % |  | 23.8 | %
Pratt & Whitney | 9,967 |  |  | 9,065 |  |  | 857 |  |  | 810 |  |  | 8.6 | % |  | 8.9 | %
Collins Aerospace Systems | 13,089 |  |  | 7,779 |  |  | 2,028 |  |  | 1,157 |  |  | 15.5 | % |  | 14.9 | %
Total segments | 38,785 |  |  | 32,636 |  |  | 5,191 |  |  | 5,142 |  |  | 13.4 | % |  | 15.8 | %
Eliminations and other | (786 | ) |  | (689 | ) |  | (340 | ) |  | (108 | ) |  |  |  |
General corporate expenses | — |  |  | — |  |  | (222 | ) |  | (230 | ) |  |  |  |
Consolidated | $ | 37,999 |  |  | $ | 31,947 |  |  | $ | 4,629 |  |  | $ | 4,804 |  |  | 12.2 | % |  | 15.0 | %
Schedule of Segment Reporting Information, by Geographic Markets [Table Text Block] | Geographic sales are attributed to the geographic regions based on their location of origin. Segment information for the quarters ended June 30, 2019 and 2018 is as follows:
| 2019 |  | 2018
(dollars in millions) | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total |  | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total
United States | $ | 904 |  | $ | 2,707 |  | $ | 3,967 |  | $ | 4,797 |  | $ | 12,375 |  |  | $ | 859 |  | $ | 2,618 |  | $ | 3,652 |  | $ | 2,776 |  | $ | 9,905 |
Europe | 992 |  | 1,301 |  | 112 |  | 988 |  | 3,393 |  |  | 1,054 |  | 1,455 |  | 126 |  | 585 |  | 3,220 |
Asia Pacific | 1,200 |  | 737 |  | 294 |  | 210 |  | 2,441 |  |  | 1,169 |  | 720 |  | 312 |  | 85 |  | 2,286 |
Other | 252 |  | 217 |  | 777 |  | 581 |  | 1,827 |  |  | 262 |  | 242 |  | 646 |  | 516 |  | 1,666 |
Total segment | $ | 3,348 |  | $ | 4,962 |  | $ | 5,150 |  | $ | 6,576 |  | $ | 20,036 |  |  | $ | 3,344 |  | $ | 5,035 |  | $ | 4,736 |  | $ | 3,962 |  | $ | 17,077 |
Segment geographic information for the six months ended June 30, 2019 and 2018 is as follows:
| 2019 |  | 2018
(dollars in millions) | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total |  | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total
United States | $ | 1,816 |  | $ | 4,921 |  | $ | 7,699 |  | $ | 9,527 |  | $ | 23,963 |  |  | $ | 1,704 |  | $ | 4,713 |  | $ | 6,773 |  | $ | 5,430 |  | $ | 18,620 |
Europe | 1,947 |  | 2,593 |  | 221 |  | 2,011 |  | 6,772 |  |  | 2,059 |  | 2,839 |  | 299 |  | 1,192 |  | 6,389 |
Asia Pacific | 2,176 |  | 1,349 |  | 549 |  | 399 |  | 4,473 |  |  | 2,091 |  | 1,405 |  | 680 |  | 169 |  | 4,345 |
Other | 505 |  | 422 |  | 1,498 |  | 1,152 |  | 3,577 |  |  | 527 |  | 454 |  | 1,313 |  | 988 |  | 3,282 |
Total segment | $ | 6,444 |  | $ | 9,285 |  | $ | 9,967 |  | $ | 13,089 |  | $ | 38,785 |  |  | $ | 6,381 |  | $ | 9,411 |  | $ | 9,065 |  | $ | 7,779 |  | $ | 32,636 |
Segment Reporting Disclosure, Product Type [Text Block] | Segment sales disaggregated by product type for the quarters ended June 30, 2019 and 2018 are as follows:
| 2019 |  | 2018
(dollars in millions) | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total |  | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total
Commercial and industrial, non aerospace | $ | 3,348 |  | $ | 4,962 |  | $ | 5 |  | $ | 12 |  | $ | 8,327 |  |  | $ | 3,344 |  | $ | 5,035 |  | $ | 5 |  | $ | 15 |  | $ | 8,399 |
Commercial aerospace | — |  | — |  | 3,538 |  | 4,855 |  | 8,393 |  |  | — |  | — |  | 3,369 |  | 3,024 |  | 6,393 |
Military aerospace | — |  | — |  | 1,607 |  | 1,709 |  | 3,316 |  |  | — |  | — |  | 1,362 |  | 923 |  | 2,285 |
Total segment | $ | 3,348 |  | $ | 4,962 |  | $ | 5,150 |  | $ | 6,576 |  | $ | 20,036 |  |  | $ | 3,344 |  | $ | 5,035 |  | $ | 4,736 |  | $ | 3,962 |  | $ | 17,077 |
Segment sales disaggregated by product type for the six months ended June 30, 2019 and 2018 are as follows:
| 2019 |  | 2018
(dollars in millions) | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total |  | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total
Commercial and industrial, non aerospace | $ | 6,444 |  | $ | 9,285 |  | $ | 28 |  | $ | 26 |  | $ | 15,783 |  |  | $ | 6,381 |  | $ | 9,411 |  | $ | 26 |  | $ | 30 |  | $ | 15,848 |
Commercial aerospace | — |  | — |  | 6,913 |  | 9,683 |  | 16,596 |  |  | — |  | — |  | 6,568 |  | 5,935 |  | 12,503 |
Military aerospace | — |  | — |  | 3,026 |  | 3,380 |  | 6,406 |  |  | — |  | — |  | 2,471 |  | 1,814 |  | 4,285 |
Total segment | $ | 6,444 |  | $ | 9,285 |  | $ | 9,967 |  | $ | 13,089 |  | $ | 38,785 |  |  | $ | 6,381 |  | $ | 9,411 |  | $ | 9,065 |  | $ | 7,779 |  | $ | 32,636 |
Segment Reporting Disclosure, Sales Type [Text Block] [Text Block] | Segment sales disaggregated by sales type for the quarters ended June 30, 2019 and 2018 are as follows:
| 2019 |  | 2018
(dollars in millions) | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total |  | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total
Product | $ | 1,511 |  | $ | 4,138 |  | $ | 3,305 |  | $ | 5,440 |  | $ | 14,394 |  |  | $ | 1,525 |  | $ | 4,213 |  | $ | 2,775 |  | $ | 3,340 |  | $ | 11,853 |
Service | 1,837 |  | 824 |  | 1,845 |  | 1,136 |  | 5,642 |  |  | 1,819 |  | 822 |  | 1,961 |  | 622 |  | 5,224 |
Total segment | $ | 3,348 |  | $ | 4,962 |  | $ | 5,150 |  | $ | 6,576 |  | $ | 20,036 |  |  | $ | 3,344 |  | $ | 5,035 |  | $ | 4,736 |  | $ | 3,962 |  | $ | 17,077 |
Segment sales disaggregated by sales type for the six months ended June 30, 2019 and 2018 are as follows:
| 2019 |  | 2018
(dollars in millions) | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total |  | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total
Product | $ | 2,791 |  | $ | 7,705 |  | $ | 6,278 |  | $ | 10,846 |  | $ | 27,620 |  |  | $ | 2,744 |  | $ | 7,811 |  | $ | 5,312 |  | $ | 6,528 |  | $ | 22,395 |
Service | 3,653 |  | 1,580 |  | 3,689 |  | 2,243 |  | 11,165 |  |  | 3,637 |  | 1,600 |  | 3,753 |  | 1,251 |  | 10,241 |
Total segment | $ | 6,444 |  | $ | 9,285 |  | $ | 9,967 |  | $ | 13,089 |  | $ | 38,785 |  |  | $ | 6,381 |  | $ | 9,411 |  | $ | 9,065 |  | $ | 7,779 |  | $ | 32,636 |

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