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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
UTC Net Investment
UTC Net Investment
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Non-Controlling Interest
Balance as of beginning of period at Dec. 31, 2018 $ 14,269 $ 0 $ 15,132 $ 9 $ (1,215) $ (9) $ 0 $ 0 $ 0 $ 0 $ 352
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 2,155   2,116               39
Other comprehensive income (loss), net of tax (33)       (29)           (4)
Dividends attributable to non-controlling interest (28)                   (28)
Disposition of non-controlling interest (26)                   (26)
Net transfers to UTC (1,902)   (1,902)                
Balance as of end of period at Dec. 31, 2019 $ 14,435 $ (4) 15,355 $ (4) (1,253)   0 0 0 0 333
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Accounting standards update Accounting Standards Update 2016-13 [Member]                    
Net income $ 2,006   96             1,886 24
Other comprehensive income (loss), net of tax 521       508           13
Dividends declared on common stock (243)                 (243)  
Shares issued under incentive plans, net (15)               (15)    
Stock-based compensation 77                 77  
Dividends attributable to non-controlling interest (48)                   (48)
Capital contribution to non-controlling interest 4                   4
Net transfers to UTC (11,014)   (11,014)                
Net transfers from UTC 859   859                
Reclassification of UTC Net Investment to Common stock and Additional paid-in capital 0   (5,292)       9   5,283    
Balance as of end of period at Dec. 31, 2020 6,578   0   (745)   9 0 5,345 1,643 326
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 1,701                 1,664 37
Other comprehensive income (loss), net of tax (244)       (244)            
Dividends declared on common stock (442)                 (442)  
Shares issued under incentive plans, net (24)               (24)    
Stock-based compensation 92                 92  
Acquisition (sale) of non-controlling interest, net 0               (2)   2
Dividends attributable to non-controlling interest (38)                   (38)
Treasury stock purchases (529)               (529)    
Balance as of end of period at Dec. 31, 2021 $ 7,094   $ 0   $ (989)   $ 9 $ (529) $ 5,411 $ 2,865 $ 327