Restructuring Costs (Tables)

12 Months Ended

Dec. 31, 2020

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)
Pratt & Whitney	$	183
Collins Aerospace Systems	360
Corporate expenses and other unallocated items	234
Total	$	777

Restructuring charges incurred in 2020 primarily relate to actions initiated during 2020 and 2019, and were recorded as follows:

(dollars in millions)
Cost of sales	$	397
Selling, general & administrative	371
Restructuring costs recorded within operating expenses	768
Non-service pension (benefit)	9
Total	$	777

Current Year Actions [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table summarizes the accrual balances and utilization by cost type for the 2020 restructuring actions:

(dollars in millions)	Severance		Facility Exit and Other Costs		Total
Net pre-tax restructuring costs	$	744	$	26	$	770
Utilization, foreign exchange and other costs	(410)		(20)		(430)
Balance at December 31, 2020	$	334	$	6	$	340

Schedule of Restructuring and Related Costs [Table Text Block]

The following table summarizes expected, incurred and remaining costs for the 2020 restructuring actions by segment:

(dollars in millions)	Expected Costs		Cost Incurred During 2020		Remaining Costs at December 31, 2020
Pratt & Whitney	$	205	$	(205)	$	—
Collins Aerospace Systems	373		(333)		40
Corporate expenses and other unallocated items	232		(232)		—
Total	$	810	$	(770)	$	40

Prior Year Actions [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table summarizes the accrual balances and utilization by cost type for the 2019 restructuring actions:

(dollars in millions)	Severance		Facility Exit and Other Costs		Total
Restructuring accruals at January 1, 2020	$	47	$	11	$	58
Net pre-tax restructuring costs	6		4		10
Utilization, foreign exchange and other costs	(41)		(5)		(46)
Balance at December 31, 2020	$	12	$	10	$	22

Schedule of Restructuring and Related Costs [Table Text Block]

The following table summarizes expected, incurred and remaining costs for the 2019 programs by segment:

(dollars in millions)	Expected Costs		Costs Incurred During 2019		Costs Incurred During 2020		Remaining Costs at December 31, 2020
Pratt & Whitney	$	121	$	(133)	$	12	$	—
Collins Aerospace Systems	107		(27)		(22)		58
Corporate expenses and other unallocated items	2		(2)		—		—
Total	$	230	$	(162)	$	(10)	$	58