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Segment Financial Data
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
Note 16: 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 7, 2017 amounts have been recast based on the adoption of ASU 2017-07.
Total sales by segment include inter-segment sales, which are generally made at prices approximating those that the selling entity is able to obtain on external sales. Results for the quarters ended September 30, 2018 and 2017 are as follows:
 
Net Sales
 
Operating Profits
 
Operating Profit Margins
(dollars in millions)
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Otis
$
3,223

 
$
3,156

 
$
486

 
$
550

 
15.1
%
 
17.4
%
UTC Climate, Controls & Security
4,880

 
4,688

 
844

 
794

 
17.3
%
 
16.9
%
Pratt & Whitney
4,789

 
3,871

 
109

 
188

 
2.3
%
 
4.9
%
UTC Aerospace Systems
3,955

 
3,637

 
610

 
572

 
15.4
%
 
15.7
%
Total segments
16,847

 
15,352

 
2,049

 
2,104

 
12.2
%
 
13.7
%
Eliminations and other
(337
)
 
(290
)
 
(102
)
 
32

 
 
 
 
General corporate expenses
—

 
—

 
(109
)
 
(104
)
 
 
 
 
Consolidated
$
16,510

 
$
15,062

 
$
1,838

 
$
2,032

 
11.1
%
 
13.5
%

Results for the nine months ended September 30, 2018 and 2017 are as follows:
 
Net Sales
 
Operating Profits
 
Operating Profit Margins
(dollars in millions)
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Otis
$
9,604

 
$
9,091

 
$
1,424

 
$
1,536

 
14.8
%
 
16.9
%
UTC Climate, Controls & Security
14,291

 
13,292

 
3,081

 
2,562

 
21.6
%
 
19.3
%
Pratt & Whitney
13,854

 
11,699

 
919

 
908

 
6.6
%
 
7.8
%
UTC Aerospace Systems
11,734

 
10,888

 
1,767

 
1,637

 
15.1
%
 
15.0
%
Total segments
49,483

 
44,970

 
7,191

 
6,643

 
14.5
%
 
14.8
%
Eliminations and other
(1,026
)
 
(813
)
 
(210
)
 
9

 
 
 
 
General corporate expenses
—

 
—

 
(339
)
 
(312
)
 
 
 
 
Consolidated
$
48,457

 
$
44,157

 
$
6,642

 
$
6,340

 
13.7
%
 
14.4
%

Geographic sales are attributed to the geographic regions based on their location of origin. Segment information for the quarter ended September 30, 2018 is as follows:
(dollars in millions)
Otis
 
UTC Climate, Controls & Security
 
Pratt & Whitney
 
UTC Aerospace Systems
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
 
 
United States
$
864

 
$
2,537

 
$
3,696

 
$
2,805

 
$
9,902

Europe
968

 
1,377

 
141

 
560

 
3,046

Asia Pacific
1,129

 
726

 
316

 
86

 
2,257

Other
262

 
240

 
636

 
504

 
1,642

Total segment
$
3,223

 
$
4,880

 
$
4,789

 
$
3,955

 
16,847

Eliminations and other
 
 
 
 
 
 
 
 
(337
)
Consolidated
 
 
 
 
 
 
 
 
$
16,510


Segment information for the nine months ended September 30, 2018 is as follows:
(dollars in millions)
Otis
 
UTC Climate, Controls & Security
 
Pratt & Whitney
 
UTC Aerospace Systems
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
 
 
United States
$
2,568

 
$
7,250

 
$
10,469

 
$
8,235

 
$
28,522

Europe
3,028

 
4,216

 
440

 
1,752

 
9,436

Asia Pacific
3,220

 
2,131

 
996

 
255

 
6,602

Other
788

 
694

 
1,949

 
1,492

 
4,923

Total segment
$
9,604

 
$
14,291

 
$
13,854

 
$
11,734

 
49,483

Eliminations and other
 
 
 
 
 
 
 
 
(1,026
)
Consolidated
 
 
 
 
 
 
 
 
$
48,457


Segment sales disaggregated by product type and product versus service for the quarter ended September 30, 2018 are as follows:
(dollars in millions)
Otis
 
UTC Climate, Controls & Security
 
Pratt & Whitney
 
UTC Aerospace Systems
 
Total
Product Type
 
 
 
 
 
 
 
 
 
Commercial and industrial, non aerospace
$
3,223

 
$
4,880

 
$
5

 
$
14

 
$
8,122

Commercial aerospace
—

 
—

 
3,421

 
3,031

 
6,452

Military aerospace
—

 
—

 
1,363

 
910

 
2,273

Total segment
$
3,223

 
$
4,880

 
$
4,789

 
$
3,955

 
16,847

Eliminations and other
 
 
 
 
 
 
 
 
(337
)
Consolidated
 
 
 
 
 
 
 
 
$
16,510

 
 
 
 
 
 
 
 
 
 
Sales Type
 
 
 
 
 
 
 
 
 
Product
$
1,448

 
$
4,106

 
$
2,703

 
$
3,297

 
$
11,554

Service
1,775

 
774

 
2,086

 
658

 
5,293

Total segment
$
3,223

 
$
4,880

 
$
4,789

 
$
3,955

 
16,847

Eliminations and other
 
 
 
 
 
 
 
 
(337
)
Consolidated
 
 
 
 
 
 
 
 
$
16,510


Segment sales disaggregated by product type and product versus service for the nine months ended September 30, 2018 are as follows:
(dollars in millions)
Otis
 
UTC Climate, Controls & Security
 
Pratt & Whitney
 
UTC Aerospace Systems
 
Total
Product Type
 
 
 
 
 
 
 
 
 
Commercial and industrial, non aerospace
$
9,604

 
$
14,291

 
$
31

 
$
44

 
$
23,970

Commercial aerospace
—

 
—

 
9,989

 
8,966

 
18,955

Military aerospace
—

 
—

 
3,834

 
2,724

 
6,558

Total segment
$
9,604

 
$
14,291

 
$
13,854

 
$
11,734

 
49,483

Eliminations and other
 
 
 
 
 
 
 
 
(1,026
)
Consolidated
 
 
 
 
 
 
 
 
$
48,457

 
 
 
 
 
 
 
 
 
 
Sales Type
 
 
 
 
 
 
 
 
 
Product
$
4,192

 
$
11,917

 
$
8,016

 
$
9,825

 
$
33,950

Service
5,412

 
2,374

 
5,838

 
1,909

 
15,533

Total segment
$
9,604

 
$
14,291

 
$
13,854

 
$
11,734

 
49,483

Eliminations and other
 
 
 
 
 
 
 
 
(1,026
)
Consolidated
 
 
 
 
 
 
 
 
$
48,457