Note 14: Segment Financial Data

3 Months Ended

Mar. 31, 2013

Notes to Condensed Consolidated Financial Statements [Abstract]

Note 14: Segment Financial Data

Segment Financial Data

Our operations are classified into five principal segments: Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems and Sikorsky. 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. Subsequent to the completion of our acquisition of Goodrich on July 26, 2012, the Goodrich businesses were combined with the legacy Hamilton Sundstrand businesses to form the new UTC Aerospace Systems segment. Effective July 1, 2012, the Auxiliary Power Unit (APU) business of UTC Aerospace Systems was transferred to the Pratt & Whitney business segment. The APU business designs and manufactures a variety of products for commercial and military aircraft. Annual sales for the APU business are approximately $600 million. The reclassification has been made prospectively; prior year segment results have not been restated for the transfer of the business.

Results for the three months endedMarch 31, 2013 and 2012 are as follows:

	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2013			2012			2013			2012			2013		2012
Otis	$	2,814		$	2,770		$	575		$	566		20.4	%	20.4	%
UTC Climate, Controls & Security	3,837			4,112			520			544			13.6	%	13.2	%
Pratt & Whitney	3,402			3,052			406			389			11.9	%	12.7	%
UTC Aerospace Systems	3,263			1,236			501			198			15.4	%	16.0	%
Sikorsky	1,249			1,346			90			136			7.2	%	10.1	%
Total segments	14,565			12,516			2,092			1,833			14.4	%	14.6	%
Eliminations and other	(166		)	(100		)	21			(24		)
General corporate expenses	—			—			(107		)	(96		)
Consolidated	$	14,399		$	12,416		$	2,006		$	1,713		13.9	%	13.8	%

See Note 8 to the Condensed Consolidated Financial Statements for a discussion of restructuring costs included in segment operating results.