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Note 12: Restructuring and Other Costs (Tables)

12 Months Ended

Dec. 31, 2011

Notes to Consolidated Financial Statements [Abstract]

Schedule of Restructuring and Related Costs [Text Block]

(Dollars in millions)
Otis	$	73
Carrier		46
UTC Fire & Security		80
Pratt & Whitney		67
Hamilton Sundstrand		16
Sikorsky		53
Eliminations and other		1
Total	$	336

(Dollars in millions)	Severance		Asset Write-Downs		Facility Exit, Lease Termination and Other Costs		Total
Expected costs	$	290	$	4	$	74	$	368
Costs incurred during 2011		(259)		(4)		(23)		(286)

Remaining costs at December 31, 2011	$	31	$	-	$	51	$	82

(Dollars in millions)	Expected Costs		Costs Incurred During 2011		Remaining Costs at December 31, 2011
Otis	$	100	$	(76)	$	24
Carrier		47		(31)		16
UTC Fire & Security		68		(62)		6
Pratt & Whitney		65		(52)		13
Hamilton Sundstrand		14		(13)		1
Sikorsky		73		(51)		22
Eliminations and other		1		(1)		-

Total	$	368	$	(286)	$	82

(Dollars in millions)	Severance		Asset Write-Downs		Facility Exit, Lease Termination and Other Costs		Total
Expected costs	$	319	$	30	$	98	$	447
Costs incurred during 2010		(301)		(19)		(51)		(371)
Costs incurred during 2011		(9)		(11)		(35)		(55)

Remaining costs at December 31, 2011	$	9	$	-	$	12	$	21

(Dollars in millions)	Expected Costs		Costs Incurred During 2010		Costs Incurred During 2011		Remaining Costs at December 31, 2011
Otis	$	87	$	(87)	$	-	$	-
Carrier		98		(74)		(19)		5
UTC Fire & Security		94		(64)		(23)		7
Pratt & Whitney		93		(84)		(8)		1
Hamilton Sundstrand		40		(29)		(3)		8
Sikorsky		17		(15)		(2)		-
Eliminations and other		18		(18)		-		-
Total	$	447	$	(371)	$	(55)	$	21

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
Net pre-tax restructuring charges	$	259	$	4	$	23	$	286
Utilization and foreign exchange		(115)		(4)		(13)		(132)

Balance at December 31, 2011	$	144	$	-	$	10	$	154

(Dollars in millions)	Severance		Asset Write-Downs		Facility Exit, Lease Termination and Other Costs		Total
Restructuring accruals at January 1, 2011	$	203	$	-	$	24	$	227
Net pre-tax restructuring charges		9		11		35		55
Utilization and foreign exchange		(156)		(11)		(44)		(211)

Balance at December 31, 2011	$	56	$	-	$	15	$	71

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References+ Details