Note 1: Acquisitions, Dispositions, Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Condensed Consolidated Financial Statements [Abstract]

Schedule of Goodwill [Text Block]

(Dollars in millions)		Balance as of January 1, 2012		Goodwill resulting from business combinations		Foreign currency translation and other		Balance as of September 30, 2012
Otis		$	1,516	$	23	$	9	$	1,548
UTC Climate, Controls & Security			9,758		88		(25)		9,821
Pratt & Whitney			1,223		272		(174)		1,321
UTC Aerospace Systems			4,475		11,167		(1,053)		14,589
Sikorsky			348		-		3		351
Total Segments			17,320		11,550		(1,240)		27,630
Eliminations and other			623		-		(623)		-
	Total	$	17,943	$	11,550	$	(1,863)	$	27,630

Intangible Assets Disclosure [Text Block]

			September 30, 2012				December 31, 2011
(Dollars in millions)			Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized:
	Service portfolios		$	2,120	$	(1,165)	$	2,036	$	(1,060)
	Patents and trademarks			398		(164)		463		(183)
	IAE collaboration			1,376		-		-		-
	Customer relationships and other			11,836		(1,574)		3,329		(1,429)
				15,730		(2,903)		5,828		(2,672)
Unamortized:
	Trademarks and other			2,319				762
		Total	$	18,049	$	(2,903)	$	6,590	$	(2,672)

Schedule of Variable Interest Entities [Table Text Block]

(Dollars in millions)
Current assets		$	1,521
Noncurrent assets			931
	Total assets	$	2,452
Current liabilities		$	1,556
Noncurrent liabilities			1,013
	Total liabilities	$	2,569

Business Acquisition Pro Forma Information [Text Block]

		Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions, except per share amounts)			2012		2011		2012		2011
Net sales		$	15,512	$	16,103	$	45,730	$	46,854
Net income attributable to common shareowners
	from continuing operations		1,266		1,403		4,096		3,483
Basic earnings per share of common stock
	from continuing operations		1.41		1.58		4.58		3.90
Diluted earnings per share of common stock
	from continuing operations		1.40		1.56		4.52		3.83

Business Acquisition Pro Forma Information Nonrecurring Adjustments [Table Text Block]

		Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)			2012		2011		2012		2011
Amortization of inventory fair value adjustment 1		$	-	$	-	$	-	$	103
Amortization of acquired Goodrich intangible assets, net 2			15		46		107		138
Utilization of contractual customer obligation 3			(10)		(46)		(103)		(154)
UTC/Goodrich fees for advisory, legal, accounting services 4			-		-		-		196
Interest expense incurred on acquisition financing, net 5			(3)		44		63		133
	1 Added the expense for inventory fair value adjustments which would have been amortized as the corresponding inventory would have been completely sold during the first two quarters of 2011.
	2 Added the additional amortization of the acquired Goodrich intangible assets recognized at fair value in purchase accounting and eliminated the historical Goodrich intangible asset amortization expense.
	3 Added the additional utilization of the Goodrich contractual customer obligation recognized in purchase accounting.
	4 Added the UTC/Goodrich fees that were incurred in connection with the acquisition of Goodrich during the first quarter of 2011.
	5 Added the additional interest expense for the debt incurred to finance our acquisition of Goodrich and reduced interest expense for the debt fair value adjustment which would have been amortized.

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

(Dollars in millions)
Cash and cash equivalents		$	538
Accounts receivable, net			1,182
Inventories and contracts in progress, net			1,729
Future income tax benefits, current			280
Other assets, current			574
Fixed assets			2,342
Intangible assets:
	Customer relationships		8,550
	Trademarks		1,550
Other assets			1,831
Short-term borrowings			(83)
Accounts payable			(443)
Accrued liabilities			(2,242)
Long-term debt			(2,961)
Future pension and postretirement benefit obligations			(1,745)
Other long-term liabilities:
	Customer contractual obligations		(2,050)
	Other long-term liabilities		(3,758)
Non-controlling interests			(41)
	Total identifiable net assets		5,253
Goodwill			11,167
	Total consideration transferred	$	16,420

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(Dollars in millions)	Fourth quarter of 2012		2013		2014		2015		2016		2017
Amortization expense	$	178	$	703	$	678	$	647	$	628	$	662