Segment Financial Data

9 Months Ended

Sep. 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 September 30, 2017 and 2016 are as follows:



	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2017			2016			2017			2016			2017		2016
Otis	$	3,156		$	3,018		$	555		$	584		17.6	%	19.4	%
UTC Climate, Controls & Security	4,688			4,415			828			801			17.7	%	18.1	%
Pratt & Whitney	3,871			3,501			229			340			5.9	%	9.7	%
UTC Aerospace Systems	3,637			3,646			616			600			16.9	%	16.5	%
Total segments	15,352			14,580			2,228			2,325			14.5	%	15.9	%
Eliminations and other	(290		)	(226		)	40			18
General corporate expenses	—			—			(105		)	(92		)
Consolidated	$	15,062		$	14,354		$	2,163		$	2,251		14.4	%	15.7	%

Results for the nine months ended September 30, 2017 and 2016 are as follows:



	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2017			2016			2017			2016			2017		2016
Otis	$	9,091		$	8,830		$	1,551		$	1,631		17.1	%	18.5	%
UTC Climate, Controls & Security	13,292			12,602			2,664			2,279			20.0	%	18.1	%
Pratt & Whitney	11,699			10,902			1,024			1,136			8.8	%	10.4	%
UTC Aerospace Systems	10,888			10,867			1,771			1,720			16.3	%	15.8	%
Total segments	44,970			43,201			7,010			6,766			15.6	%	15.7	%
Eliminations and other	(813		)	(616		)	25			47
General corporate expenses	—			—			(315		)	(280		)
Consolidated	$	44,157		$	42,585		$	6,720		$	6,533		15.2	%	15.3	%

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