Restructuring and Other Costs (Tables)

9 Months Ended

Sep. 30, 2018

YTD Current and Prior Year Actions [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring and Related Costs [Table Text Block]

We recorded charges in the segments as follows:

(dollars in millions)
Otis	$	50
UTC Climate, Controls & Security	52
Pratt & Whitney	3
UTC Aerospace Systems	77
Eliminations and other	4
Total	$	186

Restructuring charges incurred during the nine months ended September 30, 2018 primarily relate to actions initiated during 2018 and 2017, and were recorded as follows:

(dollars in millions)
Cost of sales	$	112
Selling, general and administrative	76
Non-service pension (benefit)	(2		)
Total	$	186

Current Year Actions [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring and Related Costs [Table Text Block]

The following table summarizes expected, incurred and remaining costs for the 2018 restructuring actions by segment:

(dollars in millions)	Expected Costs		Costs Incurred Quarter Ended March 31, 2018			Costs Incurred Quarter Ended June 30, 2018			Costs Incurred Quarter Ended September 30, 2018			Remaining Costs at September 30, 2018
Otis	$	40	$	(9	)	$	(18	)	$	(2	)	$	11
UTC Climate, Controls & Security	97		(1		)	(23		)	(14		)	59
Pratt & Whitney	3		—			(3		)	—			—
UTC Aerospace Systems	36		—			(15		)	(8		)	13
Eliminations and other	4		(2		)	(2		)	—			—
Total	$	180	$	(12	)	$	(61	)	$	(24	)	$	83

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table summarizes the accrual balance and utilization for the 2018 restructuring actions for the quarter and nine months ended September 30, 2018:

(dollars in millions)	Severance			Facility Exit, Lease Termination and Other Costs			Total
Quarter Ended September 30, 2018
Restructuring accruals at June 30, 2018	$	48		$	—		$	48
Net pre-tax restructuring costs	19			5			24
Utilization and foreign exchange	(19		)	(2		)	(21		)
Balance at September 30, 2018	$	48		$	3		$	51
Nine Months Ended September 30, 2018
Net pre-tax restructuring costs	$	90		$	7		$	97
Utilization and foreign exchange	(42		)	(4		)	(46		)
Balance at September 30, 2018	$	48		$	3		$	51

Prior Year Actions [Member]

Restructuring Cost and Reserve [Line Items]

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		Costs Incurred in 2017			Costs Incurred Quarter Ended March 31, 2018			Costs Incurred Quarter Ended June 30, 2018			Costs Incurred Quarter Ended September 30, 2018			Remaining Costs at September 30, 2018
Otis	$	69	$	(43	)	$	(15	)	$	(4	)	$	(1	)	$	6
UTC Climate, Controls & Security	78		(76		)	(7		)	5			1			1
Pratt & Whitney	7		(7		)	—			—			—			—
UTC Aerospace Systems	207		(43		)	(29		)	(17		)	(9		)	109
Eliminations and other	7		(7		)	—			—			—			—
Total	$	368	$	(176	)	$	(51	)	$	(16	)	$	(9	)	$	116

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

he following table summarizes the accrual balances and utilization for the 2017 restructuring actions for the quarter and nine months ended September 30, 2018:

(dollars in millions)	Severance			Facility Exit, Lease Termination and Other Costs			Total
Quarter Ended September 30, 2018
Restructuring accruals at June 30, 2018	$	73		$	(3	)	$	70
Net pre-tax restructuring costs	3			6			9
Utilization and foreign exchange	(19		)	(8		)	(27		)
Balance at September 30, 2018	$	57		$	(5	)	$	52
Nine Months Ended September 30, 2018
Restructuring accruals at December 31, 2017	$	84		$	1		$	85
Net pre-tax restructuring costs	50			26			76
Utilization and foreign exchange	(77		)	(32		)	(109		)
Balance at September 30, 2018	$	57		$	(5	)	$	52