Segment Financial Data

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Financial Data [Text Block]

Segment Financial Data

Our operations are classified into four principal segments: Otis, UTC Climate, Controls & Security, Pratt & Whitney, and UTC 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.

As discussed in Note 2, in the quarter ended September 30, 2015, Sikorsky met "held for sale" criteria. Sikorsky's results of operations have been reclassified to Discontinued Operations in our Condensed Consolidated Statement of Operations for all periods presented.

Results for the quarters ended September 30, 2015 and 2014 are as follows:

	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2015			2014			2015			2014			2015		2014
Otis	$	3,043		$	3,326		$	642		$	703		21.1	%	21.1	%
UTC Climate, Controls & Security	4,279			4,351			771			807			18.0	%	18.5	%
Pratt & Whitney	3,234			3,564			419			633			13.0	%	17.8	%
UTC Aerospace Systems	3,457			3,535			572			575			16.5	%	16.3	%
Total segments	14,013			14,776			2,404			2,718			17.2	%	18.4	%
Eliminations and other	(225		)	(163		)	(1		)	18
General corporate expenses	—			—			(101		)	(124		)
Consolidated	$	13,788		$	14,613		$	2,302		$	2,612		16.7	%	17.9	%

Results for the nine months ended September 30, 2015 and 2014 are as follows:

	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2015			2014			2015			2014			2015		2014
Otis	$	8,886		$	9,646		$	1,796		$	1,966		20.2	%	20.4	%
UTC Climate, Controls & Security	12,585			12,631			2,323			2,159			18.5	%	17.1	%
Pratt & Whitney	10,243			10,485			1,325			1,453			12.9	%	13.9	%
UTC Aerospace Systems	10,637			10,621			1,721			1,767			16.2	%	16.6	%
Total segments	42,351			43,383			7,165			7,345			16.9	%	16.9	%
Eliminations and other	(553		)	(463		)	65			323
General corporate expenses	—			—			(331		)	(355		)
Consolidated	$	41,798		$	42,920		$	6,899		$	7,313		16.5	%	17.0	%

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