Note 14: Segment Financial Data

9 Months Ended

Sep. 30, 2012

Notes to Condensed Consolidated Financial Statements [Abstract]

Note 15: Segment Financial Data

Note 14: Segment Financial Data

Our operations are classified into fiveprincipal segments: Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems and Sikorsky. The segments are generally based on the management structure of the businesses and the grouping of similar operating companies, where each management organization has general operating autonomy over diversified products and services.On September 28, 2011, we announced a new organizational structure that allows us to better serve customers through greater integration across product lines. Effective January 1, 2012, we formed the UTCClimate, Controls & Security segment which combines the former Carrier and UTCFire&Security segments. Subsequent to the completion of our acquisition ofGoodrich on July 26, 2012, the Goodrich businesses were combined with the legacy Hamilton Sundstrand businesses to form the new UTC Aerospace Systems segment.Effective July 1, 2012, the APU businessof UTC Aerospace Systems was transferred to the Pratt & Whitney business segment. The APU business designs and manufactures a variety of products for commercial and military aircraft. Annual sales for the APU business are approximately $600 million. The reclassification has been made prospectively; prior year segment results have not been restated for the transfer of the business. See Note 1 for further information on our acquisition of Goodrich.

Results for the quarters and nine months ended September 30,2012 and 2011are as follows:

Quarter Ended September 30,	Net Sales				Operating Profits				Operating Profit Margins
(Dollars in millions)	2012		2011		2012		2011		2012	2011
Otis	$	3,054	$	3,262	$	651	$	731	21.3%	22.4%
UTC Climate, Controls & Security		4,259		4,921		632		615	14.8%	12.5%
Pratt & Whitney		3,574		3,081		409		496	11.4%	16.1%
UTC Aerospace Systems		2,670		1,187		271		204	10.1%	17.2%
Sikorsky		1,649		1,877		203		215	12.3%	11.5%
Total segments		15,206		14,328		2,166		2,261	14.2%	15.8%
Eliminations and other		(164)		(93)		(22)		(8)
General corporate expenses		-		-		(103)		(102)
Consolidated	$	15,042	$	14,235	$	2,041	$	2,151	13.6%	15.1%
Nine Months Ended September 30,	Net Sales				Operating Profits				Operating Profit Margins
(Dollars in millions)	2012		2011		2012		2011		2012	2011
Otis	$	8,851	$	9,226	$	1,868	$	2,104	21.1%	22.8%
UTC Climate, Controls & Security		12,943		14,454		1,965		1,751	15.2%	12.1%
Pratt & Whitney		10,073		9,230		1,225		1,348	12.2%	14.6%
UTC Aerospace Systems		5,160		3,496		680		561	13.2%	16.0%
Sikorsky		4,615		5,245		552		633	12.0%	12.1%
Total segments		41,642		41,651		6,290		6,397	15.1%	15.4%
Eliminations and other		(377)		(274)		(54)		(101)
General corporate expenses		-		-		(303)		(295)
Consolidated	$	41,265	$	41,377	$	5,933	$	6,001	14.4%	14.5%

See Note 8 to the Condensed Consolidated Financial Statements for a discussion of restructuring costs included in segment operating results.