10-Q Filing

OTIS WORLDWIDE CORP CIK: 1781335 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001781335-20-000005`
Period End Date	20200331
Filing Date	20200508
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	otis-20200331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 28 Cash Flow Statement 67 Stockholders Equity 32 Comprehensive Income 16

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.21B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.32B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	USD	Point-in-time
Accounts receivable (net of allowance for expected credit losses of $113 and $83)	`AccountsReceivableNetCurrent`	$2.86B	USD	Point-in-time
Accounts receivable (net of allowance for expected credit losses of $113 and $83)	`AccountsReceivableNetCurrent`	$2.89B	USD	Point-in-time
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$113.00M	USD	Point-in-time
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$83.00M	USD	Point-in-time
Contract assets, current	`ContractWithCustomerAssetNetCurrent`	$529.00M	USD	Point-in-time
Contract assets, current	`ContractWithCustomerAssetNetCurrent`	$491.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$571.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$599.00M	USD	Point-in-time
Other assets, current	`OtherAssetsCurrent`	$251.00M	USD	Point-in-time
Other assets, current	`OtherAssetsCurrent`	$329.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.51B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.66B	USD	Point-in-time
Future income tax benefits	`DeferredIncomeTaxAssetsNet`	$428.00M	USD	Point-in-time
Future income tax benefits	`DeferredIncomeTaxAssetsNet`	$373.00M	USD	Point-in-time
Fixed assets	`PropertyPlantAndEquipmentGross`	$1.78B	USD	Point-in-time
Fixed assets	`PropertyPlantAndEquipmentGross`	$1.80B	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.09B	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.08B	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$688.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$721.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$535.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$535.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$490.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$462.00M	USD	Point-in-time
Goodwill	`Goodwill`	$1.61B	USD	Point-in-time
Goodwill	`Goodwill`	$1.65B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$289.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$263.00M	USD	Point-in-time
Total Assets	`Assets`	$9.69B	USD	Point-in-time
Total Assets	`Assets`	$9.52B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$67.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$34.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.10B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.33B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.65B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.74B	USD	Point-in-time
Contract liabilities, current	`ContractWithCustomerLiabilityCurrent`	$2.27B	USD	Point-in-time
Contract liabilities, current	`ContractWithCustomerLiabilityCurrent`	$2.54B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.36B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.37B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$5.00M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$6.26B	USD	Point-in-time
Future pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$590.00M	USD	Point-in-time
Future pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$579.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$386.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$379.00M	USD	Point-in-time
Future income tax obligations	`DeferredIncomeTaxLiabilitiesNet`	$839.00M	USD	Point-in-time
Future income tax obligations	`DeferredIncomeTaxLiabilitiesNet`	$695.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$311.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$303.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.36B	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.71B	USD	Point-in-time
Commitments and contingent liabilities (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$109.00M	USD	Point-in-time
Redeemable noncontrolling interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$109.00M	USD	Point-in-time
Redeemable noncontrolling interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$95.00M	USD	Point-in-time
Redeemable noncontrolling interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$95.00M	USD	Point-in-time
UTC Net (Deficit) Investment	`NetParentInvestment`	$-3.96B	USD	Point-in-time
UTC Net (Deficit) Investment	`NetParentInvestment`	$2.46B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-758.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-708.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-694.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-862.00M	USD	Point-in-time
Total UTC Net (Deficit) Investment	`NetParentInvestmentIncludingAccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.70B	USD	Point-in-time
Total UTC Net (Deficit) Investment	`NetParentInvestmentIncludingAccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.82B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$537.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$531.00M	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.28B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total Liabilities and (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$9.52B	USD	Point-in-time
Total Liabilities and (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$9.69B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$3.10B	USD	1 Quarter
Revenues	`Revenues`	$2.97B	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$39.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$38.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$441.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$465.00M	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$2.57B	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$2.68B	USD	1 Quarter
Other (expense) income, net	`OtherOperatingIncomeExpenseNet`	$-6.00M	USD	1 Quarter
Other (expense) income, net	`OtherOperatingIncomeExpenseNet`	$-65.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$415.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$329.00M	USD	1 Quarter
Non-service pension benefit	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-3.00M	USD	1 Quarter
Non-service pension benefit	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-11.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.00M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$327.00M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$425.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$125.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$125.00M	USD	1 Quarter
Net income	`ProfitLoss`	$202.00M	USD	1 Quarter
Net income	`ProfitLoss`	$300.00M	USD	1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.00M	USD	1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$37.00M	USD	1 Quarter
Net income attributable to Otis Worldwide Corporation (in usd per share)	`EarningsPerShareBasicAndDiluted`	$0.38	USD	1 Quarter
Net income attributable to Otis Worldwide Corporation (in usd per share)	`EarningsPerShareBasicAndDiluted`	$0.63	USD	1 Quarter
Number of Basic and Diluted shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	433.10M	shares	1 Quarter
Number of Basic and Diluted shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	433.10M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$202.00M	USD	1 Quarter
Net income	`ProfitLoss`	$300.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$43.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$45.00M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$16.00M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Stock compensation cost	`ShareBasedCompensation`	$11.00M	USD	1 Quarter
Stock compensation cost	`ShareBasedCompensation`	$7.00M	USD	1 Quarter
Loss on fixed asset impairment (Note 17)	`AssetImpairmentCharges`	-	USD	1 Quarter
Loss on fixed asset impairment (Note 17)	`AssetImpairmentCharges`	$55.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$56.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$116.00M	USD	1 Quarter
Contract assets and liabilities, current	`IncreaseDecreaseInContractWithCustomerAsset`	$-355.00M	USD	1 Quarter
Contract assets and liabilities, current	`IncreaseDecreaseInContractWithCustomerAsset`	$-268.00M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$49.00M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-7.00M	USD	1 Quarter
Other assets, current	`IncreaseDecreaseInOtherOperatingAssets`	$-7.00M	USD	1 Quarter
Other assets, current	`IncreaseDecreaseInOtherOperatingAssets`	$85.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-309.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-289.00M	USD	1 Quarter
Pension contributions	`PensionContributions`	$10.00M	USD	1 Quarter
Pension contributions	`PensionContributions`	$10.00M	USD	1 Quarter
Other operating activities, net	`OtherNoncashIncomeExpense`	$-26.00M	USD	1 Quarter
Other operating activities, net	`OtherNoncashIncomeExpense`	$-40.00M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$159.00M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$297.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$28.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$39.00M	USD	1 Quarter
Investments in businesses, net of cash acquired (Note 8)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.00M	USD	1 Quarter
Investments in businesses, net of cash acquired (Note 8)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$19.00M	USD	1 Quarter
Investments in equity securities	`PaymentsToAcquireEquityMethodInvestments`	$51.00M	USD	1 Quarter
Investments in equity securities	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-29.00M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.00M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-92.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$6.30B	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Payment of long-term debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payment of long-term debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$43.00M	USD	1 Quarter
Increase in short-term borrowings, net	`ProceedsFromShortTermDebt`	$36.00M	USD	1 Quarter
Increase in short-term borrowings, net	`ProceedsFromShortTermDebt`	$15.00M	USD	1 Quarter
Net transfers to UTC	`PaymentsForProceedsFromNetParentInvestment`	$306.00M	USD	1 Quarter
Net transfers to UTC	`PaymentsForProceedsFromNetParentInvestment`	$6.55B	USD	1 Quarter
Dividends paid to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$30.00M	USD	1 Quarter
Dividends paid to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$21.00M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$9.00M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$22.00M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-312.00M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-256.00M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-50.00M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	1 Quarter
Net (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-13.00M	USD	1 Quarter
Net (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-239.00M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46B	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.33B	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.33B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Less: Restricted cash	`RestrictedCash`	$13.00M	USD	Point-in-time
Less: Restricted cash	`RestrictedCash`	$13.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.32B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	USD	Point-in-time

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.28B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Net income	`ProfitLoss`	$202.00M	USD	1 Quarter
Net income	`ProfitLoss`	$300.00M	USD	1 Quarter
Redeemable noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-3.00M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-108.00M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$15.00M	USD	1 Quarter
Dividends attributable to noncontrolling interest	`DividendsCommonStock`	$21.00M	USD	1 Quarter
Dividends attributable to noncontrolling interest	`DividendsCommonStock`	$30.00M	USD	1 Quarter
Acquisition, disposal and other changes in noncontrolling interest	`NoncontrollingInterestDecreaseFromDisposalAndOtherChanges`	$6.00M	USD	1 Quarter
Acquisition, disposal and other changes in noncontrolling interest	`NoncontrollingInterestIncreaseFromBusinessCombination`	$4.00M	USD	1 Quarter
Net transfers to UTC	`TreasuryStockValueAcquiredCostMethod`	$6.56B	USD	1 Quarter
Net transfers to UTC	`TreasuryStockValueAcquiredCostMethod`	$298.00M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.28B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$109.00M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$109.00M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$95.00M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$95.00M	USD	Point-in-time
Redeemable noncontrolling interest in subsidiaries' earnings	`TemporaryEquityNetIncome`	$-3.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-2.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-2.00M	USD	1 Quarter
Changes in redeemable noncontrolling interest redemption value	`MinorityInterestChangeInRedemptionValue`	$2.00M	USD	1 Quarter
Changes in redeemable noncontrolling interest redemption value	`MinorityInterestChangeInRedemptionValue`	$5.00M	USD	1 Quarter
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$109.00M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$109.00M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$95.00M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$95.00M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$202.00M	USD	1 Quarter
Net income	`ProfitLoss`	$300.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$35.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-122.00M	USD	1 Quarter
Pension and postretirement benefit plan adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	1 Quarter
Pension and postretirement benefit plan adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$22.00M	USD	1 Quarter
Change in unrealized cash flow hedging	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$11.00M	USD	1 Quarter
Change in unrealized cash flow hedging	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-110.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$13.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$92.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$313.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$26.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$31.00M	USD	1 Quarter
Comprehensive income attributable to Otis Worldwide Corporation	`ComprehensiveIncomeNetOfTax`	$287.00M	USD	1 Quarter
Comprehensive income attributable to Otis Worldwide Corporation	`ComprehensiveIncomeNetOfTax`	$61.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.