Restructuring and Other Costs (Tables)

9 Months Ended

Sep. 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	$	44
Carrier	97
Pratt & Whitney	17
Collins Aerospace Systems	83
Eliminations and other	3
Total	$	244

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

(dollars in millions)
Cost of sales	$	119
Selling, general and administrative	125
Total	$	244

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			Costs Incurred Quarter Ended September 30, 2019			Remaining Costs at September 30, 2019
Otis	$	43	$	(19	)	$	(14	)	$	(3	)	$	7
Carrier	113		(25		)	(24		)	(32		)	32
Pratt & Whitney	158		(14		)	(3		)	—			141
Collins Aerospace Systems	107		(14		)	—			(7		)	86
Eliminations and other	3		(1		)	(1		)	(1		)	—
Total	$	424	$	(73	)	$	(42	)	$	(43	)	$	266

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 nine months ended September 30, 2019:

(dollars in millions)	Severance			Facility Exit and Other Costs			Total
Quarter Ended September 30, 2019
Restructuring accruals at June 30, 2019	$	57		$	11		$	68
Net pre-tax restructuring costs	35			8			43
Utilization, foreign exchange and other costs	(33		)	(7		)	(40		)
Balance at September 30, 2019	$	59		$	12		$	71
Nine Months Ended September 30, 2019
Net pre-tax restructuring costs	$	145		$	13		$	158
Utilization, foreign exchange and other costs	(86		)	(1		)	(87		)
Balance at September 30, 2019	$	59		$	12		$	71

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			Costs Incurred Quarter Ended September 30, 2019			Remaining Costs at September 30, 2019
Otis	$	55	$	(48	)	$	(5	)	$	(1	)	$	—		$	1
Carrier	82		(64		)	(7		)	(6		)	(2		)	3
Pratt & Whitney	3		(3		)	—			—			—			—
Collins Aerospace Systems	113		(87		)	(11		)	(9		)	(3		)	3
Eliminations and other	6		(5		)	—			—			—			1
Total	$	259	$	(207	)	$	(23	)	$	(16	)	$	(5	)	$	8

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 nine months ended September 30, 2019:

(dollars in millions)	Severance			Facility Exit, and Other Costs			Total
Quarter Ended September 30, 2019
Restructuring accruals at June 30, 2019	$	48		$	9		$	57
Net pre-tax restructuring costs	1			4			5
Utilization, foreign exchange and other costs	(19		)	(5		)	(24		)
Balance at September 30, 2019	$	30		$	8		$	38
Nine Months Ended September 30, 2019
Restructuring accruals at December 31, 2018	$	115		$	23		$	138
Net pre-tax restructuring costs	36			8			44
Utilization, foreign exchange and other costs	(121		)	(23		)	(144		)
Balance at September 30, 2019	$	30		$	8		$	38