XML 71 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
Restructuring and Other Costs (Tables)
 12 Months Ended
Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring and Related Costs [Table Text Block]
Restructuring charges incurred in 2018 primarily relate to actions initiated during 2018 and 2017, and were recorded as follows:
(dollars in millions)
  
Cost of sales
$
147

Selling, general & administrative
162

Non-service pension (benefit)
(2
)
Total
$
307

We recorded charges in the segments as follows:
(dollars in millions)
  
Otis
$
69

Carrier
80

Pratt & Whitney
(7
)
Collins Aerospace Systems
160

Eliminations and other
5

Total
$
307
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 2018 restructuring actions:
(dollars in millions)
Severance
 
Facility Exit, Lease Termination & Other Costs
 
Total
Net pre-tax restructuring costs
$
191

 
$
16

 
$
207

Utilization, foreign exchange and other costs
(76
)
 
7

 
(69
)
Balance at December 31, 2018
$
115

 
$
23

 
$
138
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
 
Cost Incurred During 2018
 
Remaining Costs at December 31, 2018
Otis
$
55

 
$
(48
)
 
$
7

Carrier
111

 
(64
)
 
47

Pratt & Whitney
3

 
(3
)
 
—

Collins Aerospace Systems
111

 
(87
)
 
24

Eliminations and other
6

 
(5
)
 
1

Total
$
286

 
$
(207
)
 
$
79
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 2017 restructuring actions:
(dollars in millions)
Severance
 
Facility Exit,
Lease
Termination
and Other
Costs
 
Total
Restructuring accruals at January 1, 2018
$
84

 
$
1

 
$
85

Net pre-tax restructuring costs
62

 
32

 
94

Utilization, foreign exchange and other costs
(89
)
 
(37
)
 
(126
)
Balance at December 31, 2018
$
57

 
$
(4
)
 
$
53
Schedule of Restructuring and Related Costs [Table Text Block]
The following table summarizes expected, incurred and remaining costs for the 2017 programs by segment:
(dollars in millions)
Expected
Costs
 
Costs
Incurred
During
2017
 
Costs
Incurred
During
2018
 
Remaining
Costs at
December 31,
2018
Otis
$
66

 
$
(43
)
 
$
(20
)
 
$
3

Carrier
77

 
(76
)
 
—

 
1

Pratt & Whitney
7

 
(7
)
 
—

 
—

Collins Aerospace Systems
204

 
(43
)
 
(74
)
 
87

Eliminations and other
7

 
(7
)
 
—

 
—

Total
$
361

 
$
(176
)
 
$
(94
)
 
$
91