Segment Financial Data

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 17: Segment Financial Data

Our operations are classified into four principal segments: Otis, Carrier, Pratt & Whitney, and Collins 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.

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 March 31, 2019 and 2018 are as follows:

	Net Sales						Operating Profits						Operating Profit Margins
(dollars in millions)	2019			2018			2019			2018			2019		2018
Otis	$	3,096		$	3,037		$	426		$	450		13.8	%	14.8	%
Carrier	4,323			4,376			529			592			12.2	%	13.5	%
Pratt & Whitney	4,817			4,329			433			413			9.0	%	9.5	%
Collins Aerospace Systems	6,513			3,817			856			588			13.1	%	15.4	%
Total segments	18,749			15,559			2,244			2,043			12.0	%	13.1	%
Eliminations and other	(384		)	(317		)	(101		)	(11		)
General corporate expenses	—			—			(98		)	(104		)
Consolidated	$	18,365		$	15,242		$	2,045		$	1,928		11.1	%	12.6	%

Geographic sales are attributed to the geographic regions based on their location of origin. Segment information for the quarters ended March 31, 2019 and 2018 is as follows:

	2019										2018
(dollars in millions)	Otis		Carrier		Pratt & Whitney		Collins Aerospace Systems		Total		Otis		Carrier		Pratt & Whitney		Collins Aerospace Systems		Total
United States	$	912	$	2,214	$	3,732	$	4,730	$	11,588	$	845	$	2,095	$	3,121	$	2,654	$	8,715
Europe	955		1,292		108		1,024		3,379		1,006		1,384		173		607		3,170
Asia Pacific	976		612		255		189		2,032		922		685		368		84		2,059
Other	253		205		722		570		1,750		264		212		667		472		1,615
Total segment	$	3,096	$	4,323	$	4,817	$	6,513	$	18,749	$	3,037	$	4,376	$	4,329	$	3,817	$	15,559

Segment sales disaggregated by product type for the quarters ended March 31, 2019 and 2018 are as follows:

	2019										2018
(dollars in millions)	Otis		Carrier		Pratt & Whitney		Collins Aerospace Systems		Total		Otis		Carrier		Pratt & Whitney		Collins Aerospace Systems		Total
Commercial and industrial, non aerospace	$	3,096	$	4,323	$	23	$	14	$	7,456	$	3,037	$	4,376	$	21	$	15	$	7,449
Commercial aerospace	—		—		3,375		4,828		8,203		—		—		3,199		2,911		6,110
Military aerospace	—		—		1,419		1,671		3,090		—		—		1,109		891		2,000
Total segment	$	3,096	$	4,323	$	4,817	$	6,513	$	18,749	$	3,037	$	4,376	$	4,329	$	3,817	$	15,559

Segment sales disaggregated by sales type for the quarters ended March 31, 2019 and 2018 are as follows:

	2019										2018
(dollars in millions)	Otis		Carrier		Pratt & Whitney		Collins Aerospace Systems		Total		Otis		Carrier		Pratt & Whitney		Collins Aerospace Systems		Total
Product	$	1,279	$	3,566	$	2,973	$	5,406	$	13,224	$	1,219	$	3,597	$	2,537	$	3,188	$	10,541
Service	1,817		757		1,844		1,107		5,525		1,818		779		1,792		629		5,018
Total segment	$	3,096	$	4,323	$	4,817	$	6,513	$	18,749	$	3,037	$	4,376	$	4,329	$	3,817	$	15,559