Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

A summary of the changes in each component of Accumulated other comprehensive loss, net of tax for the quarters and six months ended June 30, 2020 and 2019 is provided below:

(dollars in millions)	Foreign Currency Translation		Pension and Post-retirement Plans		Unrealized Hedging (Losses) Gains		Accumulated Other Comprehensive Income (Loss)
Quarter Ended June 30, 2020
Balance at March 31, 2020	$	(4,647)	$	(6,693)	$	(448)	$	(11,788)
Other comprehensive income (loss) before reclassifications, net	665		(2,371)		188		(1,518)
Amounts reclassified, pre-tax	—		85		27		112
Tax benefit (expense)	3		568		(52)		519
Separation of Otis and Carrier, net of tax	3,287		584		4		3,875
Balance at June 30, 2020	$	(692)	$	(7,827)	$	(281)	$	(8,800)
Six Months Ended June 30, 2020
Balance at December 31, 2019	$	(3,211)	$	(6,772)	$	(166)	$	(10,149)
Other comprehensive income (loss) before reclassifications, net	(780)		(2,363)		(215)		(3,358)
Amounts reclassified, pre-tax	—		187		56		243
Tax benefit (expense)	12		537		40		589
Separation of Otis and Carrier, net of tax	3,287		584		4		3,875
Balance at June 30, 2020	$	(692)	$	(7,827)	$	(281)	$	(8,800)

(dollars in millions)	Foreign Currency Translation		Pension and Post-retirement Plans		Unrealized Hedging (Losses) Gains		Accumulated Other Comprehensive Income (Loss)
Quarter Ended June 30, 2019
Balance at March 31, 2019	$	(2,932)	$	(6,422)	$	(165)	$	(9,519)
Other comprehensive income (loss) before reclassifications, net	(435)		(13)		21		(427)
Amounts reclassified, pre-tax	(1)		43		16		58
Tax expense (benefit)	14		(6)		(12)		(4)
Balance at June 30, 2019	$	(3,354)	$	(6,398)	$	(140)	$	(9,892)
Six Months Ended June 30, 2019
Balance at December 31, 2018	$	(3,442)	$	(5,718)	$	(173)	$	(9,333)
Other comprehensive income (loss) before reclassifications, net	95		(14)		28		109
Amounts reclassified, pre-tax	—		87		20		107
Tax expense (benefit)	1		(16)		(15)		(30)
ASU 2018-02 adoption impact	(8)		(737)		—		(745)
Balance at June 30, 2019	$	(3,354)	$	(6,398)	$	(140)	$	(9,892)