Segment Financial Data

3 Months Ended

Mar. 31, 2016

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, on November 6, 2015, we completed the sale of Sikorsky to Lockheed Martin Corp. Amounts reported for 2015 in the table below exclude amounts attributable to Sikorsky, which have been reclassified to Discontinued Operations in the accompanying Condensed Consolidated Statement of Operations.

Results for the quarters ended March 31, 2016 and 2015 are as follows:

	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2016			2015			2016			2015			2016		2015
Otis	$	2,715		$	2,745		$	466		$	527		17.2	%	19.2	%
UTC Climate, Controls & Security	3,728			3,852			606			729			16.3	%	18.9	%
Pratt & Whitney	3,588			3,332			410			419			11.4	%	12.6	%
UTC Aerospace Systems	3,505			3,548			538			569			15.3	%	16.0	%
Total segments	13,536			13,477			2,020			2,244			14.9	%	16.7	%
Eliminations and other	(179		)	(157		)	16			48
General corporate expenses	—			—			(91		)	(110		)
Consolidated	$	13,357		$	13,320		$	1,945		$	2,182		14.6	%	16.4	%

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