10-Q Filing

OTIS WORLDWIDE CORP CIK: 1781335 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001781335-20-000016`
Period End Date	20200630
Filing Date	20200731
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	otis-20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 99 Income Statement 60 Cash Flow Statement 74 Stockholders Equity 63 Comprehensive Income 32

Balance Sheet 99 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$83.00M	USD	Point-in-time
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$140.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.91B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.54B	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	125.00M	shares	Point-in-time
Accounts receivable (net of allowance for expected credit losses of $140 and $83)	`AccountsReceivableNetCurrent`	$2.87B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	125.00M	shares	Point-in-time
Accounts receivable (net of allowance for expected credit losses of $140 and $83)	`AccountsReceivableNetCurrent`	$2.86B	USD	Point-in-time
Contract assets, current	`ContractWithCustomerAssetNetCurrent`	$484.00M	USD	Point-in-time
Contract assets, current	`ContractWithCustomerAssetNetCurrent`	$529.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$571.00M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$629.00M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other assets, current	`OtherAssetsCurrent`	$251.00M	USD	Point-in-time
Other assets, current	`OtherAssetsCurrent`	$502.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.66B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.39B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	433.10M	shares	Point-in-time
Future income tax benefits	`DeferredIncomeTaxAssetsNet`	$373.00M	USD	Point-in-time
Future income tax benefits	`DeferredIncomeTaxAssetsNet`	$427.00M	USD	Point-in-time
Fixed assets	`PropertyPlantAndEquipmentGross`	$1.83B	USD	Point-in-time
Fixed assets	`PropertyPlantAndEquipmentGross`	$1.80B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	433.10M	shares	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.08B	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.12B	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$721.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$704.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$535.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$530.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$490.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$458.00M	USD	Point-in-time
Goodwill	`Goodwill`	$1.64B	USD	Point-in-time
Goodwill	`Goodwill`	$1.65B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$263.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$291.00M	USD	Point-in-time
Total Assets	`Assets`	$10.44B	USD	Point-in-time
Total Assets	`Assets`	$9.69B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$34.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$33.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.33B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.92B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.74B	USD	Point-in-time
Contract liabilities, current	`ContractWithCustomerLiabilityCurrent`	$2.46B	USD	Point-in-time
Contract liabilities, current	`ContractWithCustomerLiabilityCurrent`	$2.27B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.76B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.37B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$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`	$589.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$386.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$377.00M	USD	Point-in-time
Future income tax obligations	`DeferredIncomeTaxLiabilitiesNet`	$439.00M	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`	$590.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.02B	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.36B	USD	Point-in-time
Commitments and contingent liabilities (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$95.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$109.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$95.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$96.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$109.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$109.00M	USD	Point-in-time
Preferred Stock, $0.01 par value, 125 shares authorized; None issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.01 par value, 125 shares authorized; None issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.01 par value, 2,000 shares authorized; 433.1 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common Stock, $0.01 par value, 2,000 shares authorized; 433.1 shares issued and outstanding	`CommonStockValue`	$4.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$15.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.42B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
UTC Net Investment	`NetParentInvestment`	$2.46B	USD	Point-in-time
UTC Net Investment	`NetParentInvestment`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-843.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-758.00M	USD	Point-in-time
Total Shareholders' (Deficit) Equity	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total Shareholders' (Deficit) Equity	`StockholdersEquity`	$-4.24B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$570.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$531.00M	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.67B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.28B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.32B	USD	Point-in-time
Total Liabilities and (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$10.44B	USD	Point-in-time
Total Liabilities and (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$9.69B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.45B	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.00B	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.03B	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.35B	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$75.00M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$79.00M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$40.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$37.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$441.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$906.00M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$444.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$885.00M	USD	2 Qtrs
Costs and expenses	`CostsAndExpenses`	$2.62B	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$5.53B	USD	2 Qtrs
Costs and expenses	`CostsAndExpenses`	$2.85B	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$5.19B	USD	2 Qtrs
Other income (expense), net	`OtherOperatingIncomeExpenseNet`	$-62.00M	USD	2 Qtrs
Other income (expense), net	`OtherOperatingIncomeExpenseNet`	$-19.00M	USD	1 Quarter
Other income (expense), net	`OtherOperatingIncomeExpenseNet`	$3.00M	USD	1 Quarter
Other income (expense), net	`OtherOperatingIncomeExpenseNet`	$-25.00M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$896.00M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$481.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$416.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$745.00M	USD	2 Qtrs
Non-service pension cost (benefit)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-11.00M	USD	1 Quarter
Non-service pension cost (benefit)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-22.00M	USD	2 Qtrs
Non-service pension cost (benefit)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$1.00M	USD	1 Quarter
Non-service pension cost (benefit)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-2.00M	USD	2 Qtrs
Interest expense (income), net	`InterestIncomeExpenseNet`	$-41.00M	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$3.00M	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$2.00M	USD	2 Qtrs
Interest expense (income), net	`InterestIncomeExpenseNet`	$-46.00M	USD	2 Qtrs
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$374.00M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$920.00M	USD	2 Qtrs
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$495.00M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$701.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$109.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$234.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$268.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$143.00M	USD	1 Quarter
Net income	`ProfitLoss`	$467.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$352.00M	USD	1 Quarter
Net income	`ProfitLoss`	$652.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$265.00M	USD	1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$78.00M	USD	2 Qtrs
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$71.00M	USD	2 Qtrs
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$44.00M	USD	1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$41.00M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLoss`	$224.00M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLoss`	$389.00M	USD	2 Qtrs
Net income attributable to common shareholders	`NetIncomeLoss`	$581.00M	USD	2 Qtrs
Net income attributable to common shareholders	`NetIncomeLoss`	$308.00M	USD	1 Quarter
Earnings per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Earnings per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.90	USD	2 Qtrs
Earnings per share, basic (in usd per share)	`EarningsPerShareBasic`	$1.34	USD	2 Qtrs
Earnings per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Earnings per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$1.34	USD	2 Qtrs
Earnings per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.90	USD	2 Qtrs
Earnings per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Earnings per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$467.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$352.00M	USD	1 Quarter
Net income	`ProfitLoss`	$652.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$265.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$91.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$92.00M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-21.00M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-5.00M	USD	2 Qtrs
Stock compensation cost	`ShareBasedCompensation`	$16.00M	USD	2 Qtrs
Stock compensation cost	`ShareBasedCompensation`	$27.00M	USD	2 Qtrs
Loss on fixed asset impairment	`AssetImpairmentCharges`	$55.00M	USD	2 Qtrs
Loss on fixed asset impairment	`AssetImpairmentCharges`	-	USD	2 Qtrs
Loss on business held-for-sale	`GainLossOnSaleOfBusiness`	$-19.00M	USD	1 Quarter
Loss on business held-for-sale	`GainLossOnSaleOfBusiness`	$-19.00M	USD	2 Qtrs
Loss on business held-for-sale	`GainLossOnSaleOfBusiness`	-	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$94.00M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$59.00M	USD	2 Qtrs
Contract assets and liabilities, current	`IncreaseDecreaseInContractWithCustomerAsset`	$-77.00M	USD	2 Qtrs
Contract assets and liabilities, current	`IncreaseDecreaseInContractWithCustomerAsset`	$-266.00M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$71.00M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-24.00M	USD	2 Qtrs
Other assets, current	`IncreaseDecreaseInOtherOperatingAssets`	$-25.00M	USD	2 Qtrs
Other assets, current	`IncreaseDecreaseInOtherOperatingAssets`	$67.00M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-156.00M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$79.00M	USD	2 Qtrs
Pension contributions	`PensionContributions`	$18.00M	USD	2 Qtrs
Pension contributions	`PensionContributions`	$20.00M	USD	2 Qtrs
Other operating activities, net	`OtherNoncashIncomeExpense`	$-20.00M	USD	2 Qtrs
Other operating activities, net	`OtherNoncashIncomeExpense`	$-75.00M	USD	2 Qtrs
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$651.00M	USD	2 Qtrs
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$823.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$75.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$63.00M	USD	2 Qtrs
Investments in businesses, net of cash acquired (Note 8)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$32.00M	USD	2 Qtrs
Investments in businesses, net of cash acquired (Note 8)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$16.00M	USD	2 Qtrs
Investments in equity securities	`PaymentsToAcquireEquityMethodInvestments`	$51.00M	USD	2 Qtrs
Investments in equity securities	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-92.00M	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-142.00M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$6.30B	USD	2 Qtrs
Payment of long-term debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$43.00M	USD	2 Qtrs
Payment of long-term debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Increase in short-term borrowings, net	`ProceedsFromShortTermDebt`	$16.00M	USD	2 Qtrs
Increase in short-term borrowings, net	`ProceedsFromShortTermDebt`	$1.00M	USD	2 Qtrs
Net transfers to UTC	`PaymentsForProceedsFromNetParentInvestment`	$330.00M	USD	2 Qtrs
Net transfers to UTC	`PaymentsForProceedsFromNetParentInvestment`	$6.33B	USD	2 Qtrs
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$87.00M	USD	2 Qtrs
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Dividends paid to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$43.00M	USD	2 Qtrs
Dividends paid to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$55.00M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$22.00M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$16.00M	USD	2 Qtrs
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-180.00M	USD	2 Qtrs
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-353.00M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.00M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-33.00M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$210.00M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$468.00M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.93B	USD	Point-in-time
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`	$1.56B	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`	$1.93B	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`	$1.56B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Less: Restricted cash	`RestrictedCash`	$15.00M	USD	Point-in-time
Less: Restricted cash	`RestrictedCash`	$14.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54B	USD	Point-in-time

Stockholders Equity 63 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.20	USD	1 Quarter
Cash dividends declared (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.20	USD	2 Qtrs
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.67B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.28B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.32B	USD	Point-in-time
Net transfers to UTC and Separation-related transactions	`StockholdersEquityNoteSpinoffTransaction`	$-6.15B	USD	2 Qtrs
Net transfers to UTC and Separation-related transactions	`StockholdersEquityNoteSpinoffTransaction`	$407.00M	USD	1 Quarter
Net transfers to UTC and Separation-related transactions	`StockholdersEquityNoteSpinoffTransaction`	$-15.00M	USD	1 Quarter
Net transfers to UTC and Separation-related transactions	`StockholdersEquityNoteSpinoffTransaction`	$-313.00M	USD	2 Qtrs
Issuance of common stock and reclassification of deficit	`StockIssuedDuringPeriodValueNewIssues`	-	USD	2 Qtrs
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$467.00M	USD	2 Qtrs
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$652.00M	USD	2 Qtrs
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$352.00M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$265.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.00M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-39.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-24.00M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-78.00M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$30.00M	USD	1 Quarter
Cash dividends declared ($0.20 per common share)	`DividendsCommonStock`	$87.00M	USD	2 Qtrs
Cash dividends declared ($0.20 per common share)	`DividendsCommonStock`	$87.00M	USD	1 Quarter
Purchase of subsidiary shares from noncontrolling interest	`MinorityInterestDecreaseFromRedemptions`	$1.00M	USD	1 Quarter
Purchase of subsidiary shares from noncontrolling interest	`MinorityInterestDecreaseFromRedemptions`	$-1.00M	USD	2 Qtrs
Dividends attributable to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$76.00M	USD	1 Quarter
Dividends attributable to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$18.00M	USD	1 Quarter
Dividends attributable to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$39.00M	USD	2 Qtrs
Dividends attributable to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$106.00M	USD	2 Qtrs
Acquisition, disposal and other changes in noncontrolling interest	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges`	$-3.00M	USD	2 Qtrs
Acquisition, disposal and other changes in noncontrolling interest	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges`	$4.00M	USD	2 Qtrs
Acquisition, disposal and other changes in noncontrolling interest	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges`	$3.00M	USD	1 Quarter
Changes in redeemable noncontrolling interest redemption value	`MinorityInterestChangeInRedemptionValue`	$-3.00M	USD	1 Quarter
Changes in redeemable noncontrolling interest redemption value	`MinorityInterestChangeInRedemptionValue`	$-3.00M	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.67B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.28B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.32B	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$95.00M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$109.00M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$95.00M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$96.00M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$109.00M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$109.00M	USD	Point-in-time
Redeemable noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-3.00M	USD	1 Quarter
Redeemable noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-6.00M	USD	2 Qtrs
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.00M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-3.00M	USD	2 Qtrs
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-2.00M	USD	2 Qtrs
Changes in redeemable noncontrolling interest redemption value	`TemporaryEquityAccretionToRedemptionValue`	$4.00M	USD	2 Qtrs
Changes in redeemable noncontrolling interest redemption value	`TemporaryEquityAccretionToRedemptionValue`	$8.00M	USD	2 Qtrs
Changes in redeemable noncontrolling interest redemption value	`TemporaryEquityAccretionToRedemptionValue`	$3.00M	USD	1 Quarter
Changes in redeemable noncontrolling interest redemption value	`TemporaryEquityAccretionToRedemptionValue`	$2.00M	USD	1 Quarter
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$95.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$109.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$95.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$96.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$109.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$109.00M	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$467.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$352.00M	USD	1 Quarter
Net income	`ProfitLoss`	$652.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$265.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-84.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$38.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-40.00M	USD	1 Quarter
Pension and postretirement benefit plan adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$19.00M	USD	2 Qtrs
Pension and postretirement benefit plan adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-4.00M	USD	2 Qtrs
Pension and postretirement benefit plan adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Pension and postretirement benefit plan adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Change in unrealized cash flow hedging	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-1.00M	USD	2 Qtrs
Change in unrealized cash flow hedging	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-2.00M	USD	1 Quarter
Change in unrealized cash flow hedging	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-12.00M	USD	1 Quarter
Change in unrealized cash flow hedging	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-2.00M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-26.00M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-81.00M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-39.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$29.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$313.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$386.00M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$294.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$626.00M	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$45.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$71.00M	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$82.00M	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$51.00M	USD	1 Quarter
Comprehensive income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$268.00M	USD	1 Quarter
Comprehensive income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$555.00M	USD	2 Qtrs
Comprehensive income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$304.00M	USD	2 Qtrs
Comprehensive income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$243.00M	USD	1 Quarter

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