Segment Financial Data (Tables)
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9 Months Ended |
Sep. 30, 2019 |
Segment Reporting [Abstract] |
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Schedule of Segment Reporting Information, by Segment [Table Text Block] |
Results for the quarters ended September 30, 2019 and 2018 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | Net Sales | | Operating Profits | | Operating Profit Margins | (dollars in millions) | 2019 | | 2018 | | 2019 | | 2018 | | 2019 | | 2018 | Otis | $ | 3,307 |
| | $ | 3,223 |
| | $ | 508 |
| | $ | 486 |
| | 15.4 | % | | 15.1 | % | Carrier | 4,822 |
| | 4,880 |
| | 685 |
| | 844 |
| | 14.2 | % | | 17.3 | % | Pratt & Whitney | 5,283 |
| | 4,789 |
| | 471 |
| | 109 |
| | 8.9 | % | | 2.3 | % | Collins Aerospace Systems | 6,495 |
| | 3,955 |
| | 1,167 |
| | 610 |
| | 18.0 | % | | 15.4 | % | Total segments | 19,907 |
| | 16,847 |
| | 2,831 |
| | 2,049 |
| | 14.2 | % | | 12.2 | % | Eliminations and other | (411 | ) | | (337 | ) | | (232 | ) | | (102 | ) | | | | | General corporate expenses | — |
| | — |
| | (113 | ) | | (109 | ) | | | | | Consolidated | $ | 19,496 |
| | $ | 16,510 |
| | $ | 2,486 |
| | $ | 1,838 |
| | 12.8 | % | | 11.1 | % |
Results for the nine months ended September 30, 2019 and 2018 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | Net Sales | | Operating Profits | | Operating Profit Margins | (dollars in millions) | 2019 | | 2018 | | 2019 | | 2018 | | 2019 | | 2018 | Otis | $ | 9,751 |
| | $ | 9,604 |
| | $ | 1,449 |
| | $ | 1,424 |
| | 14.9 | % | | 14.8 | % | Carrier | 14,107 |
| | 14,291 |
| | 2,050 |
| | 3,081 |
| | 14.5 | % | | 21.6 | % | Pratt & Whitney | 15,250 |
| | 13,854 |
| | 1,328 |
| | 919 |
| | 8.7 | % | | 6.6 | % | Collins Aerospace Systems | 19,584 |
| | 11,734 |
| | 3,195 |
| | 1,767 |
| | 16.3 | % | | 15.1 | % | Total segments | 58,692 |
| | 49,483 |
| | 8,022 |
| | 7,191 |
| | 13.7 | % | | 14.5 | % | Eliminations and other | (1,197 | ) | | (1,026 | ) | | (572 | ) | | (210 | ) | | | | | General corporate expenses | — |
| | — |
| | (335 | ) | | (339 | ) | | | | | Consolidated | $ | 57,495 |
| | $ | 48,457 |
| | $ | 7,115 |
| | $ | 6,642 |
| | 12.4 | % | | 13.7 | % |
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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 September 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 | $ | 893 |
| $ | 2,536 |
| $ | 4,184 |
| $ | 4,764 |
| $ | 12,377 |
| | $ | 864 |
| $ | 2,537 |
| $ | 3,696 |
| $ | 2,805 |
| $ | 9,902 |
| Europe | 943 |
| 1,313 |
| 91 |
| 924 |
| 3,271 |
| | 968 |
| 1,377 |
| 141 |
| 560 |
| 3,046 |
| Asia Pacific | 1,217 |
| 728 |
| 258 |
| 229 |
| 2,432 |
| | 1,129 |
| 726 |
| 316 |
| 86 |
| 2,257 |
| Other | 254 |
| 245 |
| 750 |
| 578 |
| 1,827 |
| | 262 |
| 240 |
| 636 |
| 504 |
| 1,642 |
| Total segment | $ | 3,307 |
| $ | 4,822 |
| $ | 5,283 |
| $ | 6,495 |
| $ | 19,907 |
| | $ | 3,223 |
| $ | 4,880 |
| $ | 4,789 |
| $ | 3,955 |
| $ | 16,847 |
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Segment geographic information for the nine months ended September 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 | $ | 2,709 |
| $ | 7,457 |
| $ | 11,883 |
| $ | 14,291 |
| $ | 36,340 |
| | $ | 2,568 |
| $ | 7,250 |
| $ | 10,469 |
| $ | 8,235 |
| $ | 28,522 |
| Europe | 2,891 |
| 3,906 |
| 311 |
| 2,935 |
| 10,043 |
| | 3,028 |
| 4,216 |
| 440 |
| 1,752 |
| 9,436 |
| Asia Pacific | 3,393 |
| 2,077 |
| 807 |
| 628 |
| 6,905 |
| | 3,220 |
| 2,131 |
| 996 |
| 255 |
| 6,602 |
| Other | 758 |
| 667 |
| 2,249 |
| 1,730 |
| 5,404 |
| | 788 |
| 694 |
| 1,949 |
| 1,492 |
| 4,923 |
| Total segment | $ | 9,751 |
| $ | 14,107 |
| $ | 15,250 |
| $ | 19,584 |
| $ | 58,692 |
| | $ | 9,604 |
| $ | 14,291 |
| $ | 13,854 |
| $ | 11,734 |
| $ | 49,483 |
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Segment Reporting Disclosure, Product Type [Text Block] |
Segment sales disaggregated by product type for the quarters ended September 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 | $ | 3,307 |
| $ | 4,822 |
| $ | 44 |
| $ | 12 |
| $ | 8,185 |
| | $ | 3,223 |
| $ | 4,880 |
| $ | 5 |
| $ | 14 |
| $ | 8,122 |
| Commercial aerospace | — |
| — |
| 3,671 |
| 4,723 |
| 8,394 |
| | — |
| — |
| 3,421 |
| 3,031 |
| 6,452 |
| Military aerospace | — |
| — |
| 1,568 |
| 1,760 |
| 3,328 |
| | — |
| — |
| 1,363 |
| 910 |
| 2,273 |
| Total segment | $ | 3,307 |
| $ | 4,822 |
| $ | 5,283 |
| $ | 6,495 |
| $ | 19,907 |
| | $ | 3,223 |
| $ | 4,880 |
| $ | 4,789 |
| $ | 3,955 |
| $ | 16,847 |
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Segment sales disaggregated by product type for the nine months ended September 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 | $ | 9,751 |
| $ | 14,107 |
| $ | 72 |
| $ | 38 |
| $ | 23,968 |
| | $ | 9,604 |
| $ | 14,291 |
| $ | 31 |
| $ | 44 |
| $ | 23,970 |
| Commercial aerospace | — |
| — |
| 10,584 |
| 14,406 |
| 24,990 |
| | — |
| — |
| 9,989 |
| 8,966 |
| 18,955 |
| Military aerospace | — |
| — |
| 4,594 |
| 5,140 |
| 9,734 |
| | — |
| — |
| 3,834 |
| 2,724 |
| 6,558 |
| Total segment | $ | 9,751 |
| $ | 14,107 |
| $ | 15,250 |
| $ | 19,584 |
| $ | 58,692 |
| | $ | 9,604 |
| $ | 14,291 |
| $ | 13,854 |
| $ | 11,734 |
| $ | 49,483 |
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Segment Reporting Disclosure, Sales Type [Text Block] [Text Block] |
Segment sales disaggregated by sales type for the quarters ended September 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 | $ | 1,449 |
| $ | 3,998 |
| $ | 3,230 |
| $ | 5,346 |
| $ | 14,023 |
| | $ | 1,448 |
| $ | 4,106 |
| $ | 2,703 |
| $ | 3,297 |
| $ | 11,554 |
| Service | 1,858 |
| 824 |
| 2,053 |
| 1,149 |
| 5,884 |
| | 1,775 |
| 774 |
| 2,086 |
| 658 |
| 5,293 |
| Total segment | $ | 3,307 |
| $ | 4,822 |
| $ | 5,283 |
| $ | 6,495 |
| $ | 19,907 |
| | $ | 3,223 |
| $ | 4,880 |
| $ | 4,789 |
| $ | 3,955 |
| $ | 16,847 |
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Segment sales disaggregated by sales type for the nine months ended September 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 | $ | 4,240 |
| $ | 11,703 |
| $ | 9,508 |
| $ | 16,191 |
| $ | 41,642 |
| | $ | 4,192 |
| $ | 11,917 |
| $ | 8,016 |
| $ | 9,825 |
| $ | 33,950 |
| Service | 5,511 |
| 2,404 |
| 5,742 |
| 3,393 |
| 17,050 |
| | 5,412 |
| 2,374 |
| 5,838 |
| 1,909 |
| 15,533 |
| Total segment | $ | 9,751 |
| $ | 14,107 |
| $ | 15,250 |
| $ | 19,584 |
| $ | 58,692 |
| | $ | 9,604 |
| $ | 14,291 |
| $ | 13,854 |
| $ | 11,734 |
| $ | 49,483 |
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