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Note 8: Restructuring and Other Costs (Tables)

3 Months Ended

Mar. 31, 2013

Notes to Condensed Consolidated Financial Statements [Abstract]

Schedule of Restructuring and Related Costs [Text Block]



(Dollars in millions)
Otis	$	10
UTC Climate, Controls & Security	22
Pratt & Whitney	7
UTC Aerospace Systems	8
Sikorsky	5
Restructuring costs recorded within continuing operations	52
Restructuring costs recorded within discontinued operations	(2		)
Total	$	50



(Dollars in millions)	Severance			Asset Write-Downs			Facility Exit, Lease Termination and Other Costs			Total
Expected costs	$	492		$	15		$	172		$	679
Costs incurred through December 31, 2012	(452		)	(14		)	(110		)	(576		)
Costs incurred - quarter ended March 31, 2013	(18		)	(1		)	(10		)	(29		)
Balance at March 31, 2013	$	22		$	—		$	52		$	74



(Dollars in millions)	Expected Costs		Costs incurred Quarter ended March 31, 2013			Remaining Costs at March 31, 2013
Otis	$	11	$	(6	)	$	5
UTC Climate, Controls & Security	18		(8		)	10
Pratt & Whitney	9		(6		)	3
Total	$	38	$	(20	)	$	18



(Dollars in millions)	Expected Costs		Costs incurred through December 31, 2012			Costs incurred Quarter ended March 31, 2013			Remaining Costs at March 31, 2013
Otis	$	156	$	(146	)	$	(1	)	$	9
UTC Climate, Controls & Security	168		(123		)	(14		)	31
Pratt & Whitney	100		(94		)	(1		)	5
UTC Aerospace Systems	156		(121		)	(8		)	27
Sikorsky	54		(47		)	(5		)	2
Eliminations and other	19		(19		)	—			—
Discontinued operations	26		(26		)	—			—
Total	$	679	$	(576	)	$	(29	)	$	74



(Dollars in millions)	Severance			Asset Write-Downs		Facility Exit, Lease Termination and Other Costs			Total
Expected costs	$	32		$	—	$	6		$	38
Costs incurred - quarter ended March 31, 2013	(19		)	—		(1		)	(20		)
Balance at March 31, 2013	$	13		$	—	$	5		$	18

Schedule of Restructuring Reserve by Type of Cost [Text Block]



(Dollars in millions)	Severance			Asset Write-Downs			Facility Exit, Lease Termination and Other Costs			Total
Restructuring accruals at December 31, 2012	$	289		$	—		$	50		$	339
Net pre-tax restructuring costs	18			1			10			29
Utilization and foreign exchange	(106		)	(1		)	(9		)	(116		)
Balance at March 31, 2013	$	201		$	—		$	51		$	252



(Dollars in millions)	Severance			Asset Write-Downs		Facility Exit, Lease Termination and Other Costs			Total
Net pre-tax restructuring costs	$	19		$	—	$	1		$	20
Utilization and foreign exchange	(6		)	—		(1		)	(7		)
Balance at March 31, 2013	$	13		$	—	$	—		$	13

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References+ Details