Segment Financial Data

6 Months Ended

Jun. 30, 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 Statements of Operations.

Results for the quarters ended June 30, 2016 and 2015 are as follows:

	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2016			2015			2016			2015			2016		2015
Otis	$	3,097		$	3,098		$	581		$	627		18.8	%	20.2	%
UTC Climate, Controls & Security	4,459			4,454			872			823			19.6	%	18.5	%
Pratt & Whitney	3,813			3,677			386			487			10.1	%	13.2	%
UTC Aerospace Systems	3,716			3,632			582			580			15.7	%	16.0	%
Total segments	15,085			14,861			2,421			2,517			16.0	%	16.9	%
Eliminations and other	(211		)	(171		)	13			18
General corporate expenses	—			—			(97		)	(120		)
Consolidated	$	14,874		$	14,690		$	2,337		$	2,415		15.7	%	16.4	%

Results for the six months ended June 30, 2016 and 2015 are as follows:

	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2016			2015			2016			2015			2016		2015
Otis	$	5,812		$	5,843		$	1,047		$	1,154		18.0	%	19.8	%
UTC Climate, Controls & Security	8,187			8,306			1,478			1,552			18.1	%	18.7	%
Pratt & Whitney	7,401			7,009			796			906			10.8	%	12.9	%
UTC Aerospace Systems	7,221			7,180			1,120			1,149			15.5	%	16.0	%
Total segments	28,621			28,338			4,441			4,761			15.5	%	16.8	%
Eliminations and other	(390		)	(328		)	29			66
General corporate expenses	—			—			(188		)	(230		)
Consolidated	$	28,231		$	28,010		$	4,282		$	4,597		15.2	%	16.4	%

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