Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 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 nine months ended September 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 September 30, 2020
Balance at June 30, 2020	$	(692)	$	(7,827)	$	(281)	$	(8,800)
Other comprehensive income (loss) before reclassifications, net	605		(12)		117		710
Amounts reclassified, pre-tax	—		95		37		132
Tax benefit (expense)	7		(22)		(39)		(54)
Balance at September 30, 2020	$	(80)	$	(7,766)	$	(166)	$	(8,012)
Nine Months Ended September 30, 2020
Balance at December 31, 2019	$	(3,211)	$	(6,772)	$	(166)	$	(10,149)
Other comprehensive income (loss) before reclassifications, net	(175)		(2,375)		(98)		(2,648)
Amounts reclassified, pre-tax	—		282		93		375
Tax benefit (expense)	19		515		1		535
Separation of Otis and Carrier, net of tax	3,287		584		4		3,875
Balance at September 30, 2020	$	(80)	$	(7,766)	$	(166)	$	(8,012)

(dollars in millions)	Foreign Currency Translation		Pension and Post-retirement Plans		Unrealized Hedging (Losses) Gains		Accumulated Other Comprehensive Income (Loss)
Quarter Ended September 30, 2019
Balance at June 30, 2019	$	(3,354)	$	(6,398)	$	(140)	$	(9,892)
Other comprehensive income (loss) before reclassifications, net	(417)		(420)		(153)		(990)
Amounts reclassified, pre-tax	—		(41)		20		(21)
Tax expense (benefit)	(56)		114		26		84
Balance at September 30, 2019	$	(3,827)	$	(6,745)	$	(247)	$	(10,819)
Nine Months Ended September 30, 2019
Balance at December 31, 2018	$	(3,442)	$	(5,718)	$	(173)	$	(9,333)
Other comprehensive income (loss) before reclassifications, net	(322)		(434)		(125)		(881)
Amounts reclassified, pre-tax	—		46		40		86
Tax expense (benefit)	(55)		98		11		54
ASU 2018-02 adoption impact	(8)		(737)		—		(745)
Balance at September 30, 2019	$	(3,827)	$	(6,745)	$	(247)	$	(10,819)