Segment Financial Data

9 Months Ended

Sep. 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 September 30, 2016 and 2015 are as follows:

	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2016			2015			2016			2015			2016		2015
Otis	$	3,018		$	3,043		$	584		$	642		19.4	%	21.1	%
UTC Climate, Controls & Security	4,415			4,279			801			771			18.1	%	18.0	%
Pratt & Whitney	3,501			3,234			340			419			9.7	%	13.0	%
UTC Aerospace Systems	3,646			3,457			600			572			16.5	%	16.5	%
Total segments	14,580			14,013			2,325			2,404			15.9	%	17.2	%
Eliminations and other	(226		)	(225		)	18			(1		)
General corporate expenses	—			—			(92		)	(101		)
Consolidated	$	14,354		$	13,788		$	2,251		$	2,302		15.7	%	16.7	%

Results for the nine months ended September 30, 2016 and 2015 are as follows:

	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2016			2015			2016			2015			2016		2015
Otis	$	8,830		$	8,886		$	1,631		$	1,796		18.5	%	20.2	%
UTC Climate, Controls & Security	12,602			12,585			2,279			2,323			18.1	%	18.5	%
Pratt & Whitney	10,902			10,243			1,136			1,325			10.4	%	12.9	%
UTC Aerospace Systems	10,867			10,637			1,720			1,721			15.8	%	16.2	%
Total segments	43,201			42,351			6,766			7,165			15.7	%	16.9	%
Eliminations and other	(616		)	(553		)	47			65
General corporate expenses	—			—			(280		)	(331		)
Consolidated	$	42,585		$	41,798		$	6,533		$	6,899		15.3	%	16.5	%

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