Restructuring Costs (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2021		Nine Months Ended September 30, 2021
Pratt & Whitney	$	2	$	6
Collins Aerospace Systems	2		32
Corporate expenses and other unallocated items	15		80
Total	$	19	$	118

Restructuring charges incurred during the quarter and nine months ended September 30, 2021 primarily relate to actions initiated during 2021 and 2020, and were recorded as follows:

(dollars in millions)	Quarter Ended September 30, 2021		Nine Months Ended September 30, 2021
Cost of sales	$	4	$	25
Selling, general and administrative	15		93
Total	$	19	$	118

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		Costs Incurred Quarter Ended June 30, 2021		Costs Incurred Quarter Ended September 30, 2021		Remaining Costs at September 30, 2021
Pratt & Whitney	$	58	$	(20)	$	(2)	$	(1)	$	35
Collins Aerospace Systems	67		(16)		(3)		(9)		39
Corporate expenses and other unallocated items	62		—		(60)		(2)		—
Total	$	187	$	(36)	$	(65)	$	(12)	$	74

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 nine months ended September 30, 2021:

(dollars in millions)	Nine Months Ended September 30, 2021
Balance at January 1, 2021	$	—
Net pre-tax restructuring costs	113
Utilization, foreign exchange and other costs	(37)
Balance at September 30, 2021	$	76

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) Reversed Quarter Ended March 31, 2021		Costs (Incurred) Reversed Quarter Ended June 30, 2021		Costs (Incurred) Reversed Quarter Ended September 30, 2021		Remaining Costs at September 30, 2021
Pratt & Whitney	$	188	$	(205)	$	—	$	17	$	—	$	—
Collins Aerospace Systems	320		(333)		1		7		12		7
Corporate expenses and other unallocated items	250		(232)		(5)		—		(13)		—
Total	$	758	$	(770)	$	(4)	$	24	$	(1)	$	7

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 nine months ended September 30, 2021:

(dollars in millions)	Nine Months Ended September 30, 2021
Balance at January 1, 2021	$	340
Net pre-tax restructuring costs	(19)
Utilization, foreign exchange and other costs	(245)
Balance at September 30, 2021	$	76