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Note 13: Restructuring and Other Costs (Tables)

12 Months Ended

Dec. 31, 2012

Notes to Consolidated Financial Statements [Abstract]

Schedule of Restructuring and Related Costs [Text Block]

(Dollars in millions)
Otis	$	164
UTC Climate, Controls & Security		143
Pratt & Whitney		96
UTC Aerospace Systems		115
Sikorsky		53
Eliminations and other		19
Restructuring costs recorded within continuing operations		590
Restructuring costs recorded within discontinued operations		24
Total	$	614

(Dollars in millions)	Severance		Asset Write-Downs		Facility Exit, Lease Termination and Other Costs		Total
Expected costs	$	475	$	14	$	192	$	681
Costs incurred during 2012		(452)		(14)		(110)		(576)

Remaining costs at December 31, 2012	$	23	$	-	$	82	$	105

(Dollars in millions)	Expected Costs		Costs Incurred During 2012		Remaining Costs at December 31, 2012
Otis	$	164	$	(146)	$	18
UTC Climate, Controls & Security		164		(123)		41
Pratt & Whitney		103		(94)		9
UTC Aerospace Systems		155		(121)		34
Sikorsky		50		(47)		3
Eliminations and other		19		(19)		-
Discontinued operations		26		(26)		-

Total	$	681	$	(576)	$	105

(Dollars in millions)	Severance		Asset Write-Downs		Facility Exit, Lease Termination and Other Costs		Total
Expected costs	$	296	$	5	$	67	$	368
Costs incurred during 2011		(259)		(4)		(23)		(286)
Costs incurred during 2012		(30)		(1)		(22)		(53)

Remaining costs at December 31, 2012	$	7	$	-	$	22	$	29

(Dollars in millions)	Expected Costs		Costs Incurred During 2011		Costs Incurred During 2012		Remaining Costs at December 31, 2012
Otis	$	104	$	(76)	$	(19)	$	9
UTC Climate, Controls & Security		119		(93)		(25)		1
Pratt & Whitney		47		(37)		(3)		7
UTC Aerospace Systems		8		(8)		-		-
Sikorsky		66		(51)		(5)		10
Discontinued operations		24		(21)		(1)		2
Total	$	368	$	(286)	$	(53)	$	29

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	$	452	$	14	$	110	$	576
Restructuring accruals assumed from Goodrich		19		-		-		19
Utilization and foreign exchange		(182)		(14)		(60)		(256)

Balance at December 31, 2012	$	289	$	-	$	50	$	339

(Dollars in millions)	Severance		Asset Write-Downs		Facility Exit, Lease Termination and Other Costs		Total
Restructuring accruals at January 1, 2012	$	144	$	-	$	10	$	154
Net pre-tax restructuring charges		30		1		22		53
Utilization and foreign exchange		(138)		(1)		(26)		(165)

Balance at December 31, 2012	$	36	$	-	$	6	$	42

- 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