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 June 30, 2019 and 2018 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | Net Sales | | Operating Profits | | Operating Profit Margins | (dollars in millions) | 2019 | | 2018 | | 2019 | | 2018 | | 2019 | | 2018 | Otis | $ | 3,348 |
| | $ | 3,344 |
| | $ | 515 |
| | $ | 488 |
| | 15.4 | % | | 14.6 | % | Carrier | 4,962 |
| | 5,035 |
| | 836 |
| | 1,645 |
| | 16.8 | % | | 32.7 | % | Pratt & Whitney | 5,150 |
| | 4,736 |
| | 424 |
| | 397 |
| | 8.2 | % | | 8.4 | % | Collins Aerospace Systems | 6,576 |
| | 3,962 |
| | 1,172 |
| | 569 |
| | 17.8 | % | | 14.4 | % | Total segments | 20,036 |
| | 17,077 |
| | 2,947 |
| | 3,099 |
| | 14.7 | % | | 18.1 | % | Eliminations and other | (402 | ) | | (372 | ) | | (239 | ) | | (97 | ) | | | | | General corporate expenses | — |
| | — |
| | (124 | ) | | (126 | ) | | | | | Consolidated | $ | 19,634 |
| | $ | 16,705 |
| | $ | 2,584 |
| | $ | 2,876 |
| | 13.2 | % | | 17.2 | % |
Results for the six months ended June 30, 2019 and 2018 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | Net Sales | | Operating Profits | | Operating Profit Margins | (dollars in millions) | 2019 | | 2018 | | 2019 | | 2018 | | 2019 | | 2018 | Otis | $ | 6,444 |
| | $ | 6,381 |
| | $ | 941 |
| | $ | 938 |
| | 14.6 | % | | 14.7 | % | Carrier | 9,285 |
| | 9,411 |
| | 1,365 |
| | 2,237 |
| | 14.7 | % | | 23.8 | % | Pratt & Whitney | 9,967 |
| | 9,065 |
| | 857 |
| | 810 |
| | 8.6 | % | | 8.9 | % | Collins Aerospace Systems | 13,089 |
| | 7,779 |
| | 2,028 |
| | 1,157 |
| | 15.5 | % | | 14.9 | % | Total segments | 38,785 |
| | 32,636 |
| | 5,191 |
| | 5,142 |
| | 13.4 | % | | 15.8 | % | Eliminations and other | (786 | ) | | (689 | ) | | (340 | ) | | (108 | ) | | | | | General corporate expenses | — |
| | — |
| | (222 | ) | | (230 | ) | | | | | Consolidated | $ | 37,999 |
| | $ | 31,947 |
| | $ | 4,629 |
| | $ | 4,804 |
| | 12.2 | % | | 15.0 | % |
Geographic sales are attributed to the geographic regions based on their location of origin. Segment information for the quarters ended June 30, 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 | $ | 904 |
| $ | 2,707 |
| $ | 3,967 |
| $ | 4,797 |
| $ | 12,375 |
| | $ | 859 |
| $ | 2,618 |
| $ | 3,652 |
| $ | 2,776 |
| $ | 9,905 |
| Europe | 992 |
| 1,301 |
| 112 |
| 988 |
| 3,393 |
| | 1,054 |
| 1,455 |
| 126 |
| 585 |
| 3,220 |
| Asia Pacific | 1,200 |
| 737 |
| 294 |
| 210 |
| 2,441 |
| | 1,169 |
| 720 |
| 312 |
| 85 |
| 2,286 |
| Other | 252 |
| 217 |
| 777 |
| 581 |
| 1,827 |
| | 262 |
| 242 |
| 646 |
| 516 |
| 1,666 |
| Total segment | $ | 3,348 |
| $ | 4,962 |
| $ | 5,150 |
| $ | 6,576 |
| $ | 20,036 |
| | $ | 3,344 |
| $ | 5,035 |
| $ | 4,736 |
| $ | 3,962 |
| $ | 17,077 |
|
Segment geographic information for the six months ended June 30, 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 | $ | 1,816 |
| $ | 4,921 |
| $ | 7,699 |
| $ | 9,527 |
| $ | 23,963 |
| | $ | 1,704 |
| $ | 4,713 |
| $ | 6,773 |
| $ | 5,430 |
| $ | 18,620 |
| Europe | 1,947 |
| 2,593 |
| 221 |
| 2,011 |
| 6,772 |
| | 2,059 |
| 2,839 |
| 299 |
| 1,192 |
| 6,389 |
| Asia Pacific | 2,176 |
| 1,349 |
| 549 |
| 399 |
| 4,473 |
| | 2,091 |
| 1,405 |
| 680 |
| 169 |
| 4,345 |
| Other | 505 |
| 422 |
| 1,498 |
| 1,152 |
| 3,577 |
| | 527 |
| 454 |
| 1,313 |
| 988 |
| 3,282 |
| Total segment | $ | 6,444 |
| $ | 9,285 |
| $ | 9,967 |
| $ | 13,089 |
| $ | 38,785 |
| | $ | 6,381 |
| $ | 9,411 |
| $ | 9,065 |
| $ | 7,779 |
| $ | 32,636 |
|
Segment sales disaggregated by product type for the quarters ended June 30, 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 | $ | 3,348 |
| $ | 4,962 |
| $ | 5 |
| $ | 12 |
| $ | 8,327 |
| | $ | 3,344 |
| $ | 5,035 |
| $ | 5 |
| $ | 15 |
| $ | 8,399 |
| Commercial aerospace | — |
| — |
| 3,538 |
| 4,855 |
| 8,393 |
| | — |
| — |
| 3,369 |
| 3,024 |
| 6,393 |
| Military aerospace | — |
| — |
| 1,607 |
| 1,709 |
| 3,316 |
| | — |
| — |
| 1,362 |
| 923 |
| 2,285 |
| Total segment | $ | 3,348 |
| $ | 4,962 |
| $ | 5,150 |
| $ | 6,576 |
| $ | 20,036 |
| | $ | 3,344 |
| $ | 5,035 |
| $ | 4,736 |
| $ | 3,962 |
| $ | 17,077 |
|
Segment sales disaggregated by product type for the six months ended June 30, 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 | $ | 6,444 |
| $ | 9,285 |
| $ | 28 |
| $ | 26 |
| $ | 15,783 |
| | $ | 6,381 |
| $ | 9,411 |
| $ | 26 |
| $ | 30 |
| $ | 15,848 |
| Commercial aerospace | — |
| — |
| 6,913 |
| 9,683 |
| 16,596 |
| | — |
| — |
| 6,568 |
| 5,935 |
| 12,503 |
| Military aerospace | — |
| — |
| 3,026 |
| 3,380 |
| 6,406 |
| | — |
| — |
| 2,471 |
| 1,814 |
| 4,285 |
| Total segment | $ | 6,444 |
| $ | 9,285 |
| $ | 9,967 |
| $ | 13,089 |
| $ | 38,785 |
| | $ | 6,381 |
| $ | 9,411 |
| $ | 9,065 |
| $ | 7,779 |
| $ | 32,636 |
|
Segment sales disaggregated by sales type for the quarters ended June 30, 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 | $ | 1,511 |
| $ | 4,138 |
| $ | 3,305 |
| $ | 5,440 |
| $ | 14,394 |
| | $ | 1,525 |
| $ | 4,213 |
| $ | 2,775 |
| $ | 3,340 |
| $ | 11,853 |
| Service | 1,837 |
| 824 |
| 1,845 |
| 1,136 |
| 5,642 |
| | 1,819 |
| 822 |
| 1,961 |
| 622 |
| 5,224 |
| Total segment | $ | 3,348 |
| $ | 4,962 |
| $ | 5,150 |
| $ | 6,576 |
| $ | 20,036 |
| | $ | 3,344 |
| $ | 5,035 |
| $ | 4,736 |
| $ | 3,962 |
| $ | 17,077 |
|
Segment sales disaggregated by sales type for the six months ended June 30, 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 | $ | 2,791 |
| $ | 7,705 |
| $ | 6,278 |
| $ | 10,846 |
| $ | 27,620 |
| | $ | 2,744 |
| $ | 7,811 |
| $ | 5,312 |
| $ | 6,528 |
| $ | 22,395 |
| Service | 3,653 |
| 1,580 |
| 3,689 |
| 2,243 |
| 11,165 |
| | 3,637 |
| 1,600 |
| 3,753 |
| 1,251 |
| 10,241 |
| Total segment | $ | 6,444 |
| $ | 9,285 |
| $ | 9,967 |
| $ | 13,089 |
| $ | 38,785 |
| | $ | 6,381 |
| $ | 9,411 |
| $ | 9,065 |
| $ | 7,779 |
| $ | 32,636 |
|
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