Restructuring Costs (Tables)

3 Months Ended

Mar. 31, 2021

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)	Quarter Ended March 31, 2021
Pratt & Whitney	$	20
Collins Aerospace Systems	18
Corporate expenses and other unallocated items	5
Total	$	43

Restructuring charges incurred during the quarter ended March 31, 2021 primarily relate to actions initiated during 2021 and 2020, and were recorded as follows:

(dollars in millions)	Quarter Ended March 31, 2021
Cost of sales	$	20
Selling, general and administrative	23
Total	$	43

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 2021 restructuring actions by segment:

(dollars in millions)	Expected Costs		Costs Incurred Quarter Ended March 31, 2021		Remaining Costs at March 31, 2021
Pratt & Whitney	$	20	$	(20)	$	—
Collins Aerospace Systems	49		(16)		33
Corporate expenses and other unallocated items	—		—		—
Total	$	69	$	(36)	$	33

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

The following table summarizes the accrual balance and utilization for the 2021 restructuring actions for the quarter ended March 31, 2021:

(dollars in millions)	Severance		Facility Exit and Other Costs		Total
Restructuring accruals at December 31, 2020	$	—	$	—	$	—
Net pre-tax restructuring costs	24		12		36
Utilization, foreign exchange and other costs	(1)		(3)		(4)
Balance at March 31, 2021	$	23	$	9	$	32

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 2020 restructuring actions by segment:

(dollars in millions)	Expected Costs		Costs Incurred in 2020		Costs Incurred Quarter Ended March 31, 2021		Remaining Costs at March 31, 2021
Pratt & Whitney	$	205	$	(205)	$	—	$	—
Collins Aerospace Systems	340		(333)		1		8
Corporate expenses and other unallocated items	237		(232)		(5)		—
Total	$	782	$	(770)	$	(4)	$	8

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

The following table summarizes the accrual balances and utilization for the 2020 restructuring actions for the quarter ended March 31, 2021:

(dollars in millions)	Severance		Facility Exit, and Other Costs		Total
Restructuring accruals at December 31, 2020	$	334	$	6	$	340
Net pre-tax restructuring costs	1		3		4
Utilization, foreign exchange and other costs	(130)		(5)		(135)
Balance at March 31, 2021	$	205	$	4	$	209