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Segment Financial Data | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | Note 17: Segment Financial Data Our operations prior to the Raytheon Merger, the Separation Transactions and the Distributions are classified into four principal segments: Otis, Carrier, Pratt & Whitney, and Collins Aerospace Systems. The segments are generally 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. Total sales by segment include inter-segment sales, which are generally made at prices approximating those that the selling entity is able to obtain on external sales. Results for the quarters ended March 31, 2020 and 2019 are as follows:
| Net Sales |  |  |  | Operating Profits |  |  |  | Operating Profit Margins |  |
(dollars in millions) | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Otis | $ | 2,966 |  |  | $ | 3,096 |  |  | $ | 371 |  |  | $ | 426 |  |  | 12.5 | % |  | 13.8 | %
Carrier | 3,888 |  |  | 4,323 |  |  | 363 |  |  | 529 |  |  | 9.3 | % |  | 12.2 | %
Pratt & Whitney | 5,351 |  |  | 4,817 |  |  | 439 |  |  | 433 |  |  | 8.2 | % |  | 9.0 | %
Collins Aerospace Systems | 6,438 |  |  | 6,513 |  |  | 1,092 |  |  | 856 |  |  | 17.0 | % |  | 13.1 | %
Total segments | 18,643 |  |  | 18,749 |  |  | 2,265 |  |  | 2,244 |  |  | 12.1 | % |  | 12.0 | %
Eliminations and other | (433) |  |  | (384) |  |  | (343) |  |  | (101) |  |  |  |  |
General corporate expenses | — |  |  | — |  |  | (115) |  |  | (98) |  |  |  |  |
Consolidated | $ | 18,210 |  |  | $ | 18,365 |  |  | $ | 1,807 |  |  | $ | 2,045 |  |  | 9.9 | % |  | 11.1 | %
Geographic sales are attributed to the geographic regions based on their location of origin. Segment information for the quarters ended March 31, 2020 and 2019 is as follows:
| 2020 |  |  |  |  |  | 2019 |  |  |  |
(dollars in millions) | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total |  | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total
United States | $ | 890 |  | $ | 2,008 |  | $ | 4,300 |  | $ | 4,790 |  | $ | 11,988 |  |  | $ | 912 |  | $ | 2,214 |  | $ | 3,732 |  | $ | 4,730 |  | $ | 11,588 |
Europe | 942 |  | 1,179 |  | 106 |  | 918 |  | 3,145 |  |  | 955 |  | 1,292 |  | 108 |  | 1,024 |  | 3,379 |
Asia Pacific | 913 |  | 518 |  | 230 |  | 165 |  | 1,826 |  |  | 976 |  | 612 |  | 255 |  | 189 |  | 2,032 |
Other* | 221 |  | 183 |  | 715 |  | 565 |  | 1,684 |  |  | 253 |  | 205 |  | 722 |  | 570 |  | 1,750 |
Total segment | $ | 2,966 |  | $ | 3,888 |  | $ | 5,351 |  | $ | 6,438 |  | $ | 18,643 |  |  | $ | 3,096 |  | $ | 4,323 |  | $ | 4,817 |  | $ | 6,513 |  | $ | 18,749 |
Eliminations and other |  |  |  |  | (433) |  |  |  |  |  |  | (384) |
Consolidated |  |  |  |  | $ | 18,210 |  |  |  |  |  |  | $ | 18,365 |
*Other includes sales to other regions as well as inter-segment sales. Segment sales disaggregated by product type for the quarters ended March 31, 2020 and 2019 are as follows:
| 2020 |  |  |  |  |  | 2019 |  |  |  |
(dollars in millions) | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total |  | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total
Commercial and industrial, non aerospace | $ | 2,966 |  | $ | 3,888 |  | $ | 10 |  | $ | 11 |  | $ | 6,875 |  |  | $ | 3,096 |  | $ | 4,323 |  | $ | 23 |  | $ | 14 |  | $ | 7,456 |
Commercial aerospace | — |  | — |  | 3,693 |  | 4,586 |  | 8,279 |  |  | — |  | — |  | 3,375 |  | 4,828 |  | 8,203 |
Military aerospace | — |  | — |  | 1,648 |  | 1,841 |  | 3,489 |  |  | — |  | — |  | 1,419 |  | 1,671 |  | 3,090 |
Total segment | $ | 2,966 |  | $ | 3,888 |  | $ | 5,351 |  | $ | 6,438 |  | $ | 18,643 |  |  | $ | 3,096 |  | $ | 4,323 |  | $ | 4,817 |  | $ | 6,513 |  | $ | 18,749 |
Eliminations and other |  |  |  |  | (433) |  |  |  |  |  |  | (384) |
Consolidated |  |  |  |  | $ | 18,210 |  |  |  |  |  |  | $ | 18,365 |
Segment sales disaggregated by sales type for the quarters ended March 31, 2020 and 2019 are as follows:
| 2020 |  |  |  |  |  | 2019 |  |  |  |
(dollars in millions) | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total |  | Otis | Carrier | Pratt & Whitney | Collins Aerospace Systems | Total
Product | $ | 1,123 |  | $ | 3,147 |  | $ | 3,257 |  | $ | 5,291 |  | $ | 12,818 |  |  | $ | 1,279 |  | $ | 3,566 |  | $ | 2,973 |  | $ | 5,406 |  | $ | 13,224 |
Service | 1,843 |  | 741 |  | 2,094 |  | 1,147 |  | 5,825 |  |  | 1,817 |  | 757 |  | 1,844 |  | 1,107 |  | 5,525 |
Total segment | $ | 2,966 |  | $ | 3,888 |  | $ | 5,351 |  | $ | 6,438 |  | $ | 18,643 |  |  | $ | 3,096 |  | $ | 4,323 |  | $ | 4,817 |  | $ | 6,513 |  | $ | 18,749 |
Eliminations and other |  |  |  |  | (433) |  |  |  |  |  |  | (384) |
Consolidated |  |  |  |  | $ | 18,210 |  |  |  |  |  |  | $ | 18,365 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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