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Acquisitions, Dispositions, Goodwill and Other Intangible Assets Business Acquisitions, Dispositions, Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2019
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | The following is the expected amortization of intangible assets for the years 2019 through 2024, which reflects the pattern of expected economic benefit on certain aerospace intangible assets.
(dollars in millions) |  | Remaining 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024
Amortization expense |  | $ | 363 |  |  | $ | 1,422 |  |  | $ | 1,410 |  |  | $ | 1,410 |  |  | $ | 1,404 |  |  | $ | 1,370 |
Intangible Assets Disclosure [Table Text Block] | Identifiable intangible assets are comprised of the following:
| September 30, 2019 |  | December 31, 2018
(dollars in millions) | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Amortized: |  |  |  |  |  |  |
Service portfolios | $ | 2,105 |  |  | $ | (1,607 | ) |  | $ | 2,164 |  |  | $ | (1,608 | )
Patents and trademarks | 353 |  |  | (244 | ) |  | 361 |  |  | (236 | )
Collaboration intangible assets | 4,770 |  |  | (857 | ) |  | 4,509 |  |  | (649 | )
Customer relationships and other | 22,594 |  |  | (5,318 | ) |  | 22,525 |  |  | (4,560 | )
| 29,822 |  |  | (8,026 | ) |  | 29,559 |  |  | (7,053 | )
Unamortized: |  |  |  |  |  |  |
Trademarks and other | 3,890 |  |  | — |  |  | 3,918 |  |  | — |
Total | $ | 33,712 |  |  | $ | (8,026 | ) |  | $ | 33,477 |  |  | $ | (7,053 | )
Schedule of Goodwill [Table Text Block] | Changes in our goodwill balances for the nine months ended September 30, 2019 were as follows:
(dollars in millions) | Balance as of January 1, 2019 |  | Goodwill Resulting from Business Combinations |  | Foreign Currency Translation and Other |  | Balance as of September 30, 2019
Otis | $ | 1,688 |  |  | $ | 14 |  |  | $ | (80 | ) |  | $ | 1,622 |
Carrier | 9,835 |  |  | 1 |  |  | (136 | ) |  | 9,700 |
Pratt & Whitney | 1,567 |  |  | 1 |  |  | (4 | ) |  | 1,564 |
Collins Aerospace Systems | 35,001 |  |  | 394 |  |  | (261 | ) |  | 35,134 |
Total Segments | 48,091 |  |  | 410 |  |  | (481 | ) |  | 48,020 |
Eliminations and other | 21 |  |  | — |  |  | — |  |  | 21 |
Total | $ | 48,112 |  |  | $ | 410 |  |  | $ | (481 | ) |  | $ | 48,041 |
Rockwell Collins [Member] |
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] |
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block] | Supplemental Pro-Forma Data: Rockwell Collins' results of operations have been included in UTC’s financial statements for the period subsequent to the completion of the acquisition on November 26, 2018. Rockwell Collins contributed sales of approximately $6.9 billion and operating profit of approximately $1.1 billion for the nine months ended September 30, 2019. The following unaudited supplemental pro-forma data presents consolidated information as if the acquisition had been completed on January 1, 2017. The pro-forma results were calculated by combining the results of UTC with the stand-alone results of Rockwell Collins for the pre-acquisition periods, which were adjusted to account for certain costs that would have been incurred during this pre-acquisition period:
| Quarter Ended September 30, |  | Nine Months Ended September 30,
(dollars in millions, except per share amounts) | 2019 |  | 2018 |  | 2019 |  | 2018
Net sales | $ | 19,496 |  |  | $ | 18,664 |  |  | $ | 57,490 |  |  | $ | 54,795 |
Net income attributable to common shareowners | $ | 1,149 |  |  | $ | 1,455 |  |  | $ | 4,534 |  |  | $ | 5,196 |
Basic earnings per share of common stock | $ | 1.34 |  |  | $ | 1.70 |  |  | $ | 5.31 |  |  | $ | 6.09 |
Diluted earnings per share of common stock | $ | 1.33 |  |  | $ | 1.68 |  |  | $ | 5.25 |  |  | $ | 6.02 |
The unaudited supplemental pro-forma data above includes the following significant adjustments made to account for certain costs which would have been incurred if the acquisition had been completed on January 1, 2017, as adjusted for the applicable tax impact.
| Quarter Ended September 30, |  | Nine Months Ended September 30,
(dollars in millions) | 2019 |  | 2018 |  | 2019 |  | 2018
Amortization of inventory and fixed asset fair value adjustment 1 | $ | — |  |  | $ | (5 | ) |  | $ | 141 |  |  | $ | (15 | )
Amortization of acquired Rockwell Collins intangible assets, net 2 | — |  |  | (51 | ) |  | — |  |  | (156 | )
Utilization of contractual customer obligation 3 | — |  |  | 1 |  |  | — |  |  | 11 |
UTC/Rockwell Collins fees for advisory, legal, accounting services 4 | 1 |  |  | 17 |  |  | 4 |  |  | 60 |
Interest expense incurred on acquisition financing, net 5 | — |  |  | (40 | ) |  | — |  |  | (192 | )
Elimination of capitalized pre-production engineering amortization 6 | — |  |  | 20 |  |  | — |  |  | 51 |
Adjustment to net periodic pension cost 7 | — |  |  | 11 |  |  | — |  |  | 33 |
Adjustment to reflect the adoption of ASC 606 8 | — |  |  | 29 |  |  | — |  |  | 87 |
Elimination of entities held for sale 9 | — |  |  | (5 | ) |  | (5 | ) |  | (18 | )
| $ | 1 |  |  | $ | (23 | ) |  | $ | 140 |  |  | $ | (139 | )
1 | Reflects the elimination of the inventory step-up amortization recorded by UTC in 2019 as this would have been completed within the first two quarters of 2017. Additionally, this adjustment reflects the amortization of the fixed asset fair value adjustment as of the acquisition date.
2 | Reflects the additional amortization of the acquired Rockwell Collins' intangible assets recognized at fair value in purchase accounting and eliminates the historical Rockwell Collins intangible asset amortization expense.
3 | Reflects the additional amortization of liabilities recognized for acquired contracts with terms less favorable than could be realized in market transactions as of the acquisition date and eliminates Rockwell Collins historical amortization of these liabilities.
4 | Reflects the elimination of transaction-related fees incurred by UTC and Rockwell Collins in connection with the acquisition and assumes all of the fees were incurred during the first quarter of 2017.
5 | Reflects the additional interest expense incurred on debt to finance our acquisition of Rockwell Collins and reduces interest expense for the debt fair value adjustment which would have been amortized.
6 | Reflects the elimination of Rockwell Collins capitalized pre-production engineering amortization to conform to UTC policy.
7 | Reflects adjustments for the elimination of amortization of prior service cost and actuarial loss amortization, which was recorded by Rockwell Collins, as a result of fair value purchase accounting, net of the impact of the revised pension and post-retirement benefit (expense) as determined under UTC’s plan assumptions.
8 | Reflects adjustments to Rockwell Collins revenue recognition as if they adopted the New Revenue Standard as of January 1, 2018 and primarily relates to capitalization of contract costs and changes in timing of sales recognition for contracts requiring an over time method of revenue recognition, partially offset by deferral of revenue recognized on OEM product engineering and development.
9 | Reflects the elimination of entities required to be sold for regulatory approvals.
The unaudited supplemental pro-forma financial information does not reflect the potential realization of cost savings related to the integration of the two companies. Further, the pro-forma data should not be considered indicative of the results that would have occurred if the acquisition and related financing had been consummated on January 1, 2017, nor are they indicative of future results.

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