XML 59 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Restructuring and Other Costs (Tables)
 12 Months Ended
Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring and Related Costs [Table Text Block]
Restructuring charges incurred in 2017 primarily relate to actions initiated during 2017 and 2016, and were recorded as follows:
(dollars in millions)
  
Cost of sales
$
119

Selling, general & administrative
134

Total
$
253

We recorded charges in the segments as follows:
(dollars in millions)
  
Otis
$
50

UTC Climate, Controls & Security
111

Pratt & Whitney
5

UTC Aerospace Systems
80

Eliminations and other
7

Total
$
253
Current Year Actions [Member]  
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
The following table summarizes the accrual balances and utilization by cost type for the 2017 restructuring actions:
(dollars in millions)
Severance
 
Facility Exit, Lease Termination & Other Costs
 
Total
Net pre-tax restructuring costs
$
160

 
$
16

 
$
176

Utilization and foreign exchange
(76
)
 
(15
)
 
(91
)
Balance at December 31, 2017
$
84

 
$
1

 
$
85
Schedule of Restructuring and Related Costs [Table Text Block]
The following table summarizes expected, incurred and remaining costs for the 2017 restructuring actions by segment:
(dollars in millions)
Expected Costs
 
Cost Incurred During 2017
 
Remaining Costs at December 31, 2017
Otis
$
79

 
$
(43
)
 
$
36

UTC Climate, Controls & Security
87

 
(76
)
 
11

Pratt & Whitney
7

 
(7
)
 
—

UTC Aerospace Systems
118

 
(43
)
 
75

Eliminations and other
7

 
(7
)
 
—

Total
$
298

 
$
(176
)
 
$
122
Prior Year Actions [Member]  
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
The following table summarizes the accrual balances and utilization by cost type for the 2016 restructuring actions:
(dollars in millions)
Severance
 
Facility Exit,
Lease
Termination
and Other
Costs
 
Total
Restructuring accruals at January 1, 2017
$
63

 
$
46

 
$
109

Net pre-tax restructuring costs
34

 
23

 
57

Utilization and foreign exchange
(65
)
 
(17
)
 
(82
)
Balance at December 31, 2017
$
32

 
$
52

 
$
84
Schedule of Restructuring and Related Costs [Table Text Block]
The following table summarizes expected, incurred and remaining costs for the 2016 programs by segment:
(dollars in millions)
Expected
Costs
 
Costs
Incurred
During
2016
 
Costs
Incurred
During
2017
 
Remaining
Costs at
December 31,
2017
Otis
$
57

 
$
(48
)
 
$
(5
)
 
$
4

UTC Climate, Controls & Security
79

 
(45
)
 
(21
)
 
13

Pratt & Whitney
118

 
(118
)
 
—

 
—

UTC Aerospace Systems
79

 
(31
)
 
(31
)
 
17

Total
$
333

 
$
(242
)
 
$
(57
)
 
$
34