XML 51 R43.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring and Other Costs (Tables)
12 Months Ended
Dec. 31, 2013
Notes to Consolidated Financial Statements [Abstract]  
Schedule of Restructuring and Related Costs [Text Block]
(dollars in millions)
  
Cost of sales
$
215

Selling, general and administrative
265

Other income, net
1

Restructuring costs recorded within continuing operations
481

Restructuring costs recorded within discontinued operations
(2
)
Total
$
479

(dollars in millions)
Expected
Costs
 
Costs
Incurred
During
2012
 
Costs
Incurred
During
2013
 
Remaining
Costs at
December 31,
2013
Otis
$
156

 
$
(146
)
 
$
(9
)
 
$
1

UTC Climate, Controls & Security
147

 
(123
)
 
(18
)
 
6

Pratt & Whitney
94

 
(94
)
 

 

UTC Aerospace Systems
157

 
(121
)
 
(21
)
 
15

Sikorsky
62

 
(47
)
 
(12
)
 
3

Eliminations and other
19

 
(19
)
 

 

Discontinued operations
26

 
(26
)
 

 

Total
$
661

 
$
(576
)
 
$
(60
)
 
$
25

2011 Actions. During 2013, we recorded net pre-tax restructuring costs totaling $(2) million for restructuring actions initiated in 2011. As of December 31, 2013, there are no remaining costs to complete the 2011 actions.
(dollars in millions)
Expected Costs
 
Cost Incurred During 2013
 
Remaining Costs at December 31, 2013
Otis
$
75

 
$
(69
)
 
$
6

UTC Climate, Controls & Security
124

 
(89
)
 
35

Pratt & Whitney
158

 
(154
)
 
4

UTC Aerospace Systems
85

 
(71
)
 
14

Sikorsky
38

 
(38
)
 

Eliminations and other

 

 

Discontinued operations

 

 

Total
$
480

 
$
(421
)
 
$
59

(dollars in millions)
  
Otis
$
88

UTC Climate, Controls & Security
97

Pratt & Whitney
154

UTC Aerospace Systems
92

Sikorsky
50

Eliminations and other

Restructuring costs recorded within continuing operations
481

Restructuring costs recorded within discontinued operations
(2
)
Total
$
479

Schedule of Restructuring Reserve by Type of Cost [Text Block]
(dollars in millions)
Severance
 
Asset Write-Downs
 
Facility Exit, Lease Termination & Other Costs
 
Total
Net pre-tax restructuring costs
$
381

 
$
15

 
$
25

 
$
421

Utilization and foreign exchange
(185
)
 
(15
)
 
(6
)
 
(206
)
Balance at December 31, 2013
$
196

 
$

 
$
19

 
$
215

(dollars in millions)
Severance
 
Asset
Write-
Downs
 
Facility Exit,
Lease
Termination
and Other
Costs
 
Total
Restructuring accruals at January 1, 2013
$
289

 
$

 
$
50

 
$
339

Net pre-tax restructuring costs
14

 
1

 
45

 
60

Utilization and foreign exchange
(218
)
 
(1
)
 
(47
)
 
(266
)
Balance at December 31, 2013
$
85

 
$

 
$
48

 
$
133