Segment Financial Data

6 Months Ended

Jun. 30, 2017

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.

Results for the quarters ended June 30, 2017 and 2016 are as follows:



	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2017			2016			2017			2016			2017		2016
Otis	$	3,131		$	3,097		$	544		$	581		17.4	%	18.8	%
UTC Climate, Controls & Security	4,712			4,459			873			872			18.5	%	19.6	%
Pratt & Whitney	4,070			3,813			402			386			9.9	%	10.1	%
UTC Aerospace Systems	3,640			3,716			579			582			15.9	%	15.7	%
Total segments	15,553			15,085			2,398			2,421			15.4	%	16.0	%
Eliminations and other	(273		)	(211		)	(2		)	13
General corporate expenses	—			—			(106		)	(97		)
Consolidated	$	15,280		$	14,874		$	2,290		$	2,337		15.0	%	15.7	%

Results for the six months ended June 30, 2017 and 2016 are as follows:



	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2017			2016			2017			2016			2017		2016
Otis	$	5,935		$	5,812		$	996		$	1,047		16.8	%	18.0	%
UTC Climate, Controls & Security	8,604			8,187			1,836			1,478			21.3	%	18.1	%
Pratt & Whitney	7,828			7,401			795			796			10.2	%	10.8	%
UTC Aerospace Systems	7,251			7,221			1,155			1,120			15.9	%	15.5	%
Total segments	29,618			28,621			4,782			4,441			16.1	%	15.5	%
Eliminations and other	(523		)	(390		)	(15		)	29
General corporate expenses	—			—			(210		)	(188		)
Consolidated	$	29,095		$	28,231		$	4,557		$	4,282		15.7	%	15.2	%

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