XML 54 R41.htm IDEA: XBRL DOCUMENT v3.19.2
Segment Financial Data (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block] 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
%

Schedule of Segment Reporting Information, by Geographic Markets [Table Text Block]
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 Reporting Disclosure, Product Type [Text Block]
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 Reporting Disclosure, Sales Type [Text Block] [Text Block]
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