Restructuring and Other Costs (Tables)

6 Months Ended

Jun. 30, 2019

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	$	40
Carrier	63
Pratt & Whitney	17
Collins Aerospace Systems	56
Eliminations and other	2
Total	$	178

Restructuring charges incurred during the six months ended June 30, 2019 primarily relate to actions initiated during 2019 and 2018, and were recorded as follows:

(dollars in millions)
Cost of sales	$	82
Selling, general and administrative	96
Total	$	178

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 2019 restructuring actions by segment:

(dollars in millions)	Expected Costs		Costs Incurred Quarter Ended March 31, 2019			Costs Incurred Quarter Ended June 30, 2019			Remaining Costs at June 30, 2019
Otis	$	48	$	(19	)	$	(14	)	$	15
Carrier	77		(25		)	(24		)	28
Pratt & Whitney	17		(14		)	(3		)	—
Collins Aerospace Systems	44		(14		)	—			30
Eliminations and other	2		(1		)	(1		)	—
Total	$	188	$	(73	)	$	(42	)	$	73

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

The following table summarizes the accrual balance and utilization for the 2019 restructuring actions for the quarter and six months ended June 30, 2019:

(dollars in millions)	Severance			Facility Exit, Lease Termination and Other Costs			Total
Quarter Ended June 30, 2019
Restructuring accruals at March 31, 2019	$	53		$	15		$	68
Net pre-tax restructuring costs	42			—			42
Utilization, foreign exchange and other costs	(38		)	(4		)	(42		)
Balance at June 30, 2019	$	57		$	11		$	68
Six Months Ended June 30, 2019
Net pre-tax restructuring costs	$	110		$	5		$	115
Utilization, foreign exchange and other costs	(53		)	6			(47		)
Balance at June 30, 2019	$	57		$	11		$	68

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 2018 restructuring actions by segment:

(dollars in millions)	Expected Costs		Costs Incurred in 2018			Costs Incurred Quarter Ended March 31, 2019			Costs Incurred Quarter Ended June 30, 2019			Remaining Costs at June 30, 2019
Otis	$	58	$	(48	)	$	(5	)	$	(1	)	$	4
Carrier	85		(64		)	(7		)	(6		)	8
Pratt & Whitney	3		(3		)	—			—			—
Collins Aerospace Systems	115		(87		)	(11		)	(9		)	8
Eliminations and other	5		(5		)	—			—			—
Total	$	266	$	(207	)	$	(23	)	$	(16	)	$	20

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

The following table summarizes the accrual balances and utilization for the 2018 restructuring actions for the quarter and six months ended June 30, 2019:

(dollars in millions)	Severance			Facility Exit, Lease Termination and Other Costs			Total
Quarter Ended June 30, 2019
Restructuring accruals at March 31, 2019	$	62		$	9		$	71
Net pre-tax restructuring costs	14			2			16
Utilization, foreign exchange and other costs	(28		)	(2		)	(30		)
Balance at June 30, 2019	$	48		$	9		$	57
Six Months Ended June 30, 2019
Restructuring accruals at December 31, 2018	$	115		$	23		$	138
Net pre-tax restructuring costs	35			4			39
Utilization, foreign exchange and other costs	(102		)	(18		)	(120		)
Balance at June 30, 2019	$	48		$	9		$	57