Restructuring Costs (Tables)

12 Months Ended

Dec. 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)
Pratt & Whitney	$	7
Collins Aerospace Systems	40
Corporate expenses and other unallocated items	96
Total	$	143

Restructuring charges incurred in 2021 primarily relate to actions initiated during 2021 and were recorded as follows:

(dollars in millions)
Cost of sales	$	34
Selling, general & administrative	109
Total	$	143

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 our accrual balances for the 2021 restructuring actions, which is included in Other accrued liabilities on our Consolidated Balance Sheet:

(dollars in millions)
Net pre-tax restructuring costs	$	137
Utilization, foreign exchange and other costs	(50)
Balance at December 31, 2021	$	87

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		Cost Incurred During 2021		Remaining Costs at December 31, 2021
Pratt & Whitney	$	60	$	(24)	$	36
Collins Aerospace Systems	62		(36)		26
Corporate expenses and other unallocated items	77		(77)		—
Total	$	199	$	(137)	$	62

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 balance for the 2020 restructuring actions for the year ended 2021, which is included in Other accrued liabilities on our Consolidated Balance Sheet:

(dollars in millions)
Restructuring accruals at January 1, 2021	$	340
Net pre-tax restructuring costs	(23)
Utilization, foreign exchange and other costs	(267)
Balance at December 31, 2021	$	50

Schedule of Restructuring and Related Costs [Table Text Block]

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

(dollars in millions)	Expected Costs		Costs Incurred During 2020		Costs (Incurred) Reversed During 2021		Remaining Costs at December 31, 2021
Pratt & Whitney	$	188	$	(205)	$	17	$	—
Collins Aerospace Systems	312		(333)		25		4
Corporate expenses and other unallocated items	251		(232)		(19)		—
Total	$	751	$	(770)	$	23	$	4