Note 7: Restructuring and Other Costs (Tables)

6 Months Ended

Jun. 30, 2011

Notes to Condensed Consolidated Financial Statements [Abstract]

Schedule of Restructuring and Related Costs [Text Block]

(Dollars in millions)
Otis	$	6
Carrier		29
UTC Fire & Security		16
Pratt & Whitney		42
Hamilton Sundstrand		6
Sikorsky		3
Eliminations and other		1
Total	$	103

(Dollars in millions)	Severance		Asset Write-Downs		Facility Exit, Lease Termination and Other Costs		Total
Expected costs	$	78	$	3	$	7	$	88
Costs incurred - quarter ended March 31, 2011		(11)		-		-		(11)
Costs incurred - quarter ended June 30, 2011		(54)		(3)		(1)		(58)
Balance at June 30, 2011	$	13	$	-	$	6	$	19

			Costs Incurred		Costs Incurred		Remaining
			Quarter Ended		Quarter Ended		Costs at
(Dollars in millions)	Expected Costs		March 31, 2011		June 30, 2011		June 30, 2011
Otis	$	10	$	(3)	$	(4)	$	3
Carrier		16		(3)		(9)		4
UTC Fire & Security		9		(2)		(7)		-
Pratt & Whitney		44		-		(33)		11
Hamilton Sundstrand		4		(2)		(2)		-
Sikorsky		4		(1)		(2)		1
Eliminations and other		1		-		(1)		-
Total	$	88	$	(11)	$	(58)	$	19

(Dollars in millions)	Severance		Asset Write-Downs		Facility Exit, Lease Termination and Other Costs		Total
Expected costs	$	329	$	23	$	109	$	461
Costs incurred through December 31, 2010		(301)		(19)		(51)		(371)
Costs incurred - quarter ended March 31, 2011		(5)		(4)		(6)		(15)
Costs incurred - quarter ended June 30, 2011		(5)		-		(11)		(16)
Remaining costs at June 30, 2011	$	18	$	-	$	41	$	59

			Costs Incurred		Costs Incurred		Costs Incurred		Remaining
			through		Quarter Ended		Quarter Ended		Costs at
(Dollars in millions)	Expected Costs		December 31, 2010		March 31, 2011		June 30, 2011		June 30, 2011
Otis	$	90	$	(87)	$	(1)	$	-	$	2
Carrier		108		(74)		(11)		(6)		17
UTC Fire & Security		92		(64)		(2)		(5)		21
Pratt & Whitney		93		(84)		(1)		(4)		4
Hamilton Sundstrand		42		(29)		-		(1)		12
Sikorsky		18		(15)		-		-		3
Eliminations and other		18		(18)		-		-		-
Total	$	461	$	(371)	$	(15)	$	(16)	$	59

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

(Dollars in millions)	Severance		Asset Write-Downs		Facility Exit, Lease Termination and Other Costs		Total
Restructuring accruals at March 31, 2011	$	9	$	-	$	-	$	9
Net pre-tax restructuring costs		54		3		1		58
Utilization and foreign exchange		(24)		(3)		-		(27)
Balance at June 30, 2011	$	39	$	-	$	1	$	40

(Dollars in millions)	Severance		Asset Write-Downs		Facility Exit, Lease Termination and Other Costs		Total
Restructuring accruals at March 31, 2011	$	133	$	-	$	19	$	152
Net pre-tax restructuring costs		5		-		11		16
Utilization and foreign exchange		(40)		-		(18)		(58)
Balance at June 30, 2011	$	98	$	-	$	12	$	110