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v3.19.3

Segment Financial Data (Tables) | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Results for the quarters ended September 30, 2019 and 2018 are as follows:
| Net Sales |  | Operating Profits |  | Operating Profit Margins
(dollars in millions) | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
Otis | $ | 3,307 |  |  | $ | 3,223 |  |  | $ | 508 |  |  | $ | 486 |  |  | 15.4 | % |  | 15.1 | %
Carrier | 4,822 |  |  | 4,880 |  |  | 685 |  |  | 844 |  |  | 14.2 | % |  | 17.3 | %
Pratt & Whitney | 5,283 |  |  | 4,789 |  |  | 471 |  |  | 109 |  |  | 8.9 | % |  | 2.3 | %
Collins Aerospace Systems | 6,495 |  |  | 3,955 |  |  | 1,167 |  |  | 610 |  |  | 18.0 | % |  | 15.4 | %
Total segments | 19,907 |  |  | 16,847 |  |  | 2,831 |  |  | 2,049 |  |  | 14.2 | % |  | 12.2 | %
Eliminations and other | (411 | ) |  | (337 | ) |  | (232 | ) |  | (102 | ) |  |  |  |
General corporate expenses | — |  |  | — |  |  | (113 | ) |  | (109 | ) |  |  |  |
Consolidated | $ | 19,496 |  |  | $ | 16,510 |  |  | $ | 2,486 |  |  | $ | 1,838 |  |  | 12.8 | % |  | 11.1 | %
Results for the nine months ended September 30, 2019 and 2018 are as follows:
| Net Sales |  | Operating Profits |  | Operating Profit Margins
(dollars in millions) | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
Otis | $ | 9,751 |  |  | $ | 9,604 |  |  | $ | 1,449 |  |  | $ | 1,424 |  |  | 14.9 | % |  | 14.8 | %
Carrier | 14,107 |  |  | 14,291 |  |  | 2,050 |  |  | 3,081 |  |  | 14.5 | % |  | 21.6 | %
Pratt & Whitney | 15,250 |  |  | 13,854 |  |  | 1,328 |  |  | 919 |  |  | 8.7 | % |  | 6.6 | %
Collins Aerospace Systems | 19,584 |  |  | 11,734 |  |  | 3,195 |  |  | 1,767 |  |  | 16.3 | % |  | 15.1 | %
Total segments | 58,692 |  |  | 49,483 |  |  | 8,022 |  |  | 7,191 |  |  | 13.7 | % |  | 14.5 | %
Eliminations and other | (1,197 | ) |  | (1,026 | ) |  | (572 | ) |  | (210 | ) |  |  |  |
General corporate expenses | — |  |  | — |  |  | (335 | ) |  | (339 | ) |  |  |  |
Consolidated | $ | 57,495 |  |  | $ | 48,457 |  |  | $ | 7,115 |  |  | $ | 6,642 |  |  | 12.4 | % |  | 13.7 | %
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 September 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 | $ | 893 |  | $ | 2,536 |  | $ | 4,184 |  | $ | 4,764 |  | $ | 12,377 |  |  | $ | 864 |  | $ | 2,537 |  | $ | 3,696 |  | $ | 2,805 |  | $ | 9,902 |
Europe | 943 |  | 1,313 |  | 91 |  | 924 |  | 3,271 |  |  | 968 |  | 1,377 |  | 141 |  | 560 |  | 3,046 |
Asia Pacific | 1,217 |  | 728 |  | 258 |  | 229 |  | 2,432 |  |  | 1,129 |  | 726 |  | 316 |  | 86 |  | 2,257 |
Other | 254 |  | 245 |  | 750 |  | 578 |  | 1,827 |  |  | 262 |  | 240 |  | 636 |  | 504 |  | 1,642 |
Total segment | $ | 3,307 |  | $ | 4,822 |  | $ | 5,283 |  | $ | 6,495 |  | $ | 19,907 |  |  | $ | 3,223 |  | $ | 4,880 |  | $ | 4,789 |  | $ | 3,955 |  | $ | 16,847 |
Segment geographic information for the nine months ended September 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 | $ | 2,709 |  | $ | 7,457 |  | $ | 11,883 |  | $ | 14,291 |  | $ | 36,340 |  |  | $ | 2,568 |  | $ | 7,250 |  | $ | 10,469 |  | $ | 8,235 |  | $ | 28,522 |
Europe | 2,891 |  | 3,906 |  | 311 |  | 2,935 |  | 10,043 |  |  | 3,028 |  | 4,216 |  | 440 |  | 1,752 |  | 9,436 |
Asia Pacific | 3,393 |  | 2,077 |  | 807 |  | 628 |  | 6,905 |  |  | 3,220 |  | 2,131 |  | 996 |  | 255 |  | 6,602 |
Other | 758 |  | 667 |  | 2,249 |  | 1,730 |  | 5,404 |  |  | 788 |  | 694 |  | 1,949 |  | 1,492 |  | 4,923 |
Total segment | $ | 9,751 |  | $ | 14,107 |  | $ | 15,250 |  | $ | 19,584 |  | $ | 58,692 |  |  | $ | 9,604 |  | $ | 14,291 |  | $ | 13,854 |  | $ | 11,734 |  | $ | 49,483 |
Segment Reporting Disclosure, Product Type [Text Block] | Segment sales disaggregated by product type for the quarters ended September 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 | $ | 3,307 |  | $ | 4,822 |  | $ | 44 |  | $ | 12 |  | $ | 8,185 |  |  | $ | 3,223 |  | $ | 4,880 |  | $ | 5 |  | $ | 14 |  | $ | 8,122 |
Commercial aerospace | — |  | — |  | 3,671 |  | 4,723 |  | 8,394 |  |  | — |  | — |  | 3,421 |  | 3,031 |  | 6,452 |
Military aerospace | — |  | — |  | 1,568 |  | 1,760 |  | 3,328 |  |  | — |  | — |  | 1,363 |  | 910 |  | 2,273 |
Total segment | $ | 3,307 |  | $ | 4,822 |  | $ | 5,283 |  | $ | 6,495 |  | $ | 19,907 |  |  | $ | 3,223 |  | $ | 4,880 |  | $ | 4,789 |  | $ | 3,955 |  | $ | 16,847 |
Segment sales disaggregated by product type for the nine months ended September 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 | $ | 9,751 |  | $ | 14,107 |  | $ | 72 |  | $ | 38 |  | $ | 23,968 |  |  | $ | 9,604 |  | $ | 14,291 |  | $ | 31 |  | $ | 44 |  | $ | 23,970 |
Commercial aerospace | — |  | — |  | 10,584 |  | 14,406 |  | 24,990 |  |  | — |  | — |  | 9,989 |  | 8,966 |  | 18,955 |
Military aerospace | — |  | — |  | 4,594 |  | 5,140 |  | 9,734 |  |  | — |  | — |  | 3,834 |  | 2,724 |  | 6,558 |
Total segment | $ | 9,751 |  | $ | 14,107 |  | $ | 15,250 |  | $ | 19,584 |  | $ | 58,692 |  |  | $ | 9,604 |  | $ | 14,291 |  | $ | 13,854 |  | $ | 11,734 |  | $ | 49,483 |
Segment Reporting Disclosure, Sales Type [Text Block] [Text Block] | Segment sales disaggregated by sales type for the quarters ended September 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 | $ | 1,449 |  | $ | 3,998 |  | $ | 3,230 |  | $ | 5,346 |  | $ | 14,023 |  |  | $ | 1,448 |  | $ | 4,106 |  | $ | 2,703 |  | $ | 3,297 |  | $ | 11,554 |
Service | 1,858 |  | 824 |  | 2,053 |  | 1,149 |  | 5,884 |  |  | 1,775 |  | 774 |  | 2,086 |  | 658 |  | 5,293 |
Total segment | $ | 3,307 |  | $ | 4,822 |  | $ | 5,283 |  | $ | 6,495 |  | $ | 19,907 |  |  | $ | 3,223 |  | $ | 4,880 |  | $ | 4,789 |  | $ | 3,955 |  | $ | 16,847 |
Segment sales disaggregated by sales type for the nine months ended September 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 | $ | 4,240 |  | $ | 11,703 |  | $ | 9,508 |  | $ | 16,191 |  | $ | 41,642 |  |  | $ | 4,192 |  | $ | 11,917 |  | $ | 8,016 |  | $ | 9,825 |  | $ | 33,950 |
Service | 5,511 |  | 2,404 |  | 5,742 |  | 3,393 |  | 17,050 |  |  | 5,412 |  | 2,374 |  | 5,838 |  | 1,909 |  | 15,533 |
Total segment | $ | 9,751 |  | $ | 14,107 |  | $ | 15,250 |  | $ | 19,584 |  | $ | 58,692 |  |  | $ | 9,604 |  | $ | 14,291 |  | $ | 13,854 |  | $ | 11,734 |  | $ | 49,483 |

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