10-K Filing

OTIS WORLDWIDE CORP CIK: 1781335 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001781335-21-000023`
Period End Date	20201231
Filing Date	20210205
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	otis-20201231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 83 Cash Flow Statement 122 Stockholders Equity 32 Comprehensive Income 48

Balance Sheet 92 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`	$161.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.33B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.78B	USD	Point-in-time
Accounts receivable (net of allowance for expected credit losses of $161 and $83)	`AccountsReceivableNetCurrent`	$2.86B	USD	Point-in-time
Accounts receivable (net of allowance for expected credit losses of $161 and $83)	`AccountsReceivableNetCurrent`	$3.15B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	125.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	125.00M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$529.00M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$458.00M	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
Inventories, net	`InventoryNet`	$659.00M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$446.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$251.00M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.49B	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
Future income tax benefits	`DeferredIncomeTaxAssetsNet`	$373.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	433.40M	shares	Point-in-time
Future income tax benefits	`DeferredIncomeTaxAssetsNet`	$334.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$678.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$774.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	433.40M	shares	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`	$530.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$542.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$490.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$484.00M	USD	Point-in-time
Goodwill	`Goodwill`	$1.69B	USD	Point-in-time
Goodwill	`Goodwill`	$1.77B	USD	Point-in-time
Goodwill	`Goodwill`	$1.65B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$310.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$263.00M	USD	Point-in-time
Total Assets	`Assets`	$10.71B	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`	$701.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.45B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.33B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.74B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.98B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$2.54B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$2.27B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.37B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.67B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.26B	USD	Point-in-time
Future pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$590.00M	USD	Point-in-time
Future pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$654.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$386.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$367.00M	USD	Point-in-time
Future income tax obligations	`DeferredIncomeTaxLiabilitiesNet`	$695.00M	USD	Point-in-time
Future income tax obligations	`DeferredIncomeTaxLiabilitiesNet`	$321.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$634.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$311.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.36B	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.91B	USD	Point-in-time
Commitments and contingent liabilities (Note 21)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 21)	`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`	$131.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$83.00M	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 and additional paid-in capital, $0.01 par value, 2,000 shares authorized; 433.4 shares issued and outstanding	`CommonStockValue`	$59.00M	USD	Point-in-time
Common Stock and additional paid-in capital, $0.01 par value, 2,000 shares authorized; 433.4 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.08B	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 income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-758.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-815.00M	USD	Point-in-time
Total Shareholders' (Deficit) Equity	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total Shareholders' (Deficit) Equity	`StockholdersEquity`	$-3.83B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$531.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$548.00M	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.28B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time
Total Liabilities and (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$9.69B	USD	Point-in-time
Total Liabilities and (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$10.71B	USD	Point-in-time

Income Statement 83 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.35B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.27B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.10B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.35B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.31B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.03B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.91B	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$13.12B	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.97B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.76B	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.49B	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$181.00M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$163.00M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$152.00M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.92B	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.74B	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.81B	USD	Annual
Costs and expenses	`CostsAndExpenses`	$11.11B	USD	Annual
Costs and expenses	`CostsAndExpenses`	$11.05B	USD	Annual
Costs and expenses	`CostsAndExpenses`	$11.27B	USD	Annual
Other income (expense), net	`OtherOperatingIncomeExpenseNet`	$25.00M	USD	Annual
Other income (expense), net	`OtherOperatingIncomeExpenseNet`	$-39.00M	USD	Annual
Other income (expense), net	`OtherOperatingIncomeExpenseNet`	$-64.00M	USD	Annual
Operating profit	`OperatingIncomeLoss`	$1.64B	USD	Annual
Operating profit	`OperatingIncomeLoss`	$1.83B	USD	Annual
Operating profit	`OperatingIncomeLoss`	$1.81B	USD	Annual
Non-service pension cost (benefit)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$6.00M	USD	Annual
Non-service pension cost (benefit)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-33.00M	USD	Annual
Non-service pension cost (benefit)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-44.00M	USD	Annual
Interest expense (income), net	`InterestIncomeExpenseNet`	$-122.00M	USD	Annual
Interest expense (income), net	`InterestIncomeExpenseNet`	$14.00M	USD	Annual
Interest expense (income), net	`InterestIncomeExpenseNet`	$14.00M	USD	Annual
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.51B	USD	Annual
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.86B	USD	Annual
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.89B	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$594.00M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$683.00M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$455.00M	USD	Annual
Net income	`ProfitLoss`	$1.06B	USD	Annual
Net income	`ProfitLoss`	$1.27B	USD	Annual
Net income	`ProfitLoss`	$1.21B	USD	Annual
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$151.00M	USD	Annual
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$150.00M	USD	Annual
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$161.00M	USD	Annual
Net income attributable to common shareholders	`NetIncomeLoss`	$1.05B	USD	Annual
Net income attributable to common shareholders	`NetIncomeLoss`	$308.00M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLoss`	$218.00M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLoss`	$1.12B	USD	Annual
Net income attributable to common shareholders	`NetIncomeLoss`	$224.00M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLoss`	$266.00M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLoss`	$165.00M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLoss`	$906.00M	USD	Annual
Net income attributable to common shareholders	`NetIncomeLoss`	$273.00M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLoss`	$317.00M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLoss`	$251.00M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.09	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$2.42	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$2.58	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.58	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.63	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.08	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.42	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Basic shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	433.10M	shares	Annual
Basic shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	433.10M	shares	Annual
Basic shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	433.20M	shares	Annual
Diluted shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	433.10M	shares	Annual
Diluted shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	434.60M	shares	Annual
Diluted shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	433.10M	shares	Annual

Cash Flow Statement 122 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.06B	USD	Annual
Net income	`ProfitLoss`	$1.27B	USD	Annual
Net income	`ProfitLoss`	$1.21B	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$191.00M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$180.00M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$190.00M	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-8.00M	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-51.00M	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$127.00M	USD	Annual
Stock compensation cost	`ShareBasedCompensation`	$38.00M	USD	Annual
Stock compensation cost	`ShareBasedCompensation`	$63.00M	USD	Annual
Interest paid	`InterestPaidNet`	$20.00M	USD	Annual
Stock compensation cost	`ShareBasedCompensation`	$37.00M	USD	Annual
Interest paid	`InterestPaidNet`	$81.00M	USD	Annual
Interest paid	`InterestPaidNet`	$18.00M	USD	Annual
Loss on fixed asset impairment	`AssetImpairmentCharges`	-	USD	Annual
Loss on fixed asset impairment	`AssetImpairmentCharges`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$607.00M	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$561.00M	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$632.00M	USD	Annual
Loss on fixed asset impairment	`AssetImpairmentCharges`	$71.00M	USD	Annual
Loss on disposal of business	`GainLossOnSaleOfBusiness`	$-26.00M	USD	Annual
Loss on disposal of business	`GainLossOnSaleOfBusiness`	-	USD	Annual
Loss on disposal of business	`GainLossOnSaleOfBusiness`	-	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$196.00M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$191.00M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$163.00M	USD	Annual
Contract assets and liabilities, current	`IncreaseDecreaseInContractWithCustomerAsset`	$-9.00M	USD	Annual
Contract assets and liabilities, current	`IncreaseDecreaseInContractWithCustomerAsset`	$-97.00M	USD	Annual
Contract assets and liabilities, current	`IncreaseDecreaseInContractWithCustomerAsset`	$-282.00M	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$-60.00M	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$76.00M	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$-24.00M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-28.00M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-30.00M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$124.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.00M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-14.00M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-34.00M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$42.00M	USD	Annual
Pension contributions	`PensionContributions`	$34.00M	USD	Annual
Pension contributions	`PensionContributions`	$32.00M	USD	Annual
Pension contributions	`PensionContributions`	$64.00M	USD	Annual
Other operating activities, net	`OtherNoncashIncomeExpense`	$-31.00M	USD	Annual
Other operating activities, net	`OtherNoncashIncomeExpense`	$-137.00M	USD	Annual
Other operating activities, net	`OtherNoncashIncomeExpense`	$-27.00M	USD	Annual
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.47B	USD	Annual
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.48B	USD	Annual
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.55B	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$172.00M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$145.00M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$183.00M	USD	Annual
Investments in businesses, net of cash acquired (Note 9)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$47.00M	USD	Annual
Investments in businesses, net of cash acquired (Note 9)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$53.00M	USD	Annual
Investments in businesses, net of cash acquired (Note 9)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$50.00M	USD	Annual
Investments in equity securities	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Investments in equity securities	`PaymentsToAcquireEquityMethodInvestments`	$51.00M	USD	Annual
Investments in equity securities	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Receipts (payments) on settlements of derivative contracts	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$5.00M	USD	Annual
Receipts (payments) on settlements of derivative contracts	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-3.00M	USD	Annual
Receipts (payments) on settlements of derivative contracts	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$69.00M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$6.00M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-18.00M	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-203.00M	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-201.00M	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-353.00M	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$6.30B	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Payment of long-term debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$43.00M	USD	Annual
Payment of long-term debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payment of long-term debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	Annual
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$1.00B	USD	Annual
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	Annual
Increase in short-term borrowings, net	`ProceedsFromShortTermDebt`	$647.00M	USD	Annual
Increase in short-term borrowings, net	`ProceedsFromShortTermDebt`	$6.00M	USD	Annual
Increase in short-term borrowings, net	`ProceedsFromShortTermDebt`	$11.00M	USD	Annual
Net transfers to UTC	`PaymentsForProceedsFromNetParentInvestment`	$972.00M	USD	Annual
Net transfers to UTC	`PaymentsForProceedsFromNetParentInvestment`	$6.33B	USD	Annual
Net transfers to UTC	`PaymentsForProceedsFromNetParentInvestment`	$1.31B	USD	Annual
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$260.00M	USD	Annual
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	-	USD	Annual
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	-	USD	Annual
Dividends paid to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$149.00M	USD	Annual
Dividends paid to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$173.00M	USD	Annual
Dividends paid to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$163.00M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-23.00M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-9.00M	USD	Annual
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.13B	USD	Annual
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.50B	USD	Annual
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-844.00M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-77.00M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-20.00M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$59.00M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$113.00M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$342.00M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-225.00M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.57B	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`	$1.80B	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 year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.57B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.80B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Less: Restricted cash	`RestrictedCash`	$13.00M	USD	Point-in-time
Less: Restricted cash	`RestrictedCash`	$19.00M	USD	Point-in-time
Less: Restricted cash	`RestrictedCash`	$17.00M	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`	$1.33B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.78B	USD	Point-in-time
Interest paid (including related party of $0, $18 and $20)	`InterestPaidNet`	$20.00M	USD	Annual
Interest paid (including related party of $0, $18 and $20)	`InterestPaidNet`	$81.00M	USD	Annual
Interest paid (including related party of $0, $18 and $20)	`InterestPaidNet`	$18.00M	USD	Annual
Income taxes paid, net of (refunds) (including related party of $(15), $255 and $186)	`IncomeTaxesPaidNet`	$607.00M	USD	Annual
Income taxes paid, net of (refunds) (including related party of $(15), $255 and $186)	`IncomeTaxesPaidNet`	$561.00M	USD	Annual
Income taxes paid, net of (refunds) (including related party of $(15), $255 and $186)	`IncomeTaxesPaidNet`	$632.00M	USD	Annual

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared (in usd per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	Annual
Cash dividends declared (in usd per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	Annual
Cash dividends declared (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.60	USD	Annual
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.28B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time
Acquisitions, disposals and other changes in noncontrolling interest	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges`	$-13.00M	USD	Annual
Acquisitions, disposals and other changes in noncontrolling interest	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges`	$-11.00M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.28B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	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`	$131.00M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$83.00M	USD	Point-in-time
Redeemable noncontrolling interest in subsidiaries' earnings	`TemporaryEquityInterestInSubsidiaryEarnings`	$1.00M	USD	Annual
Redeemable noncontrolling interest in subsidiaries' earnings	`TemporaryEquityInterestInSubsidiaryEarnings`	$-7.00M	USD	Annual
Redeemable noncontrolling interest in subsidiaries' earnings	`TemporaryEquityInterestInSubsidiaryEarnings`	$4.00M	USD	Annual
Other comprehensive income (loss), net of tax	`TemporaryEquityOtherComprehensiveIncomeLoss`	$-3.00M	USD	Annual
Other comprehensive income (loss), net of tax	`TemporaryEquityOtherComprehensiveIncomeLoss`	$-2.00M	USD	Annual
Other comprehensive income (loss), net of tax	`TemporaryEquityOtherComprehensiveIncomeLoss`	$-8.00M	USD	Annual
Acquisitions, disposals and other changes in redeemable noncontrolling interest	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges`	$-13.00M	USD	Annual
Acquisitions, disposals and other changes in redeemable noncontrolling interest	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges`	$-11.00M	USD	Annual
Changes in redeemable noncontrolling interest redemption value	`RedeemableNoncontrollingInterestChangeInRedemptionValue`	$-4.00M	USD	Annual
Changes in redeemable noncontrolling interest redemption value	`RedeemableNoncontrollingInterestChangeInRedemptionValue`	$-7.00M	USD	Annual
Changes in redeemable noncontrolling interest redemption value	`RedeemableNoncontrollingInterestChangeInRedemptionValue`	$2.00M	USD	Annual
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$95.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$109.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$131.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$83.00M	USD	Point-in-time

Comprehensive Income 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.06B	USD	Annual
Net income	`ProfitLoss`	$1.27B	USD	Annual
Net income	`ProfitLoss`	$1.21B	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-26.00M	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.00M	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-126.00M	USD	Annual
Net actuarial gain (loss)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-37.00M	USD	Annual
Net actuarial gain (loss)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-43.00M	USD	Annual
Net actuarial gain (loss)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-28.00M	USD	Annual
Prior service credit	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax`	-	USD	Annual
Prior service credit	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax`	-	USD	Annual
Prior service credit	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax`	$1.00M	USD	Annual
Amortization of actuarial loss and prior service credit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-9.00M	USD	Annual
Amortization of actuarial loss and prior service credit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-11.00M	USD	Annual
Amortization of actuarial loss and prior service credit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-15.00M	USD	Annual
Other	`OtherComprehensiveIncomeLossDefinedBenefitPlanOtherReclassificationAdjustmentFromAOCIBeforeTax`	$-19.00M	USD	Annual
Other	`OtherComprehensiveIncomeLossDefinedBenefitPlanOtherReclassificationAdjustmentFromAOCIBeforeTax`	$-22.00M	USD	Annual
Other	`OtherComprehensiveIncomeLossDefinedBenefitPlanOtherReclassificationAdjustmentFromAOCIBeforeTax`	$5.00M	USD	Annual
Total recognized in other comprehensive loss	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$41.00M	USD	Annual
Total recognized in other comprehensive loss	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$20.00M	USD	Annual
Total recognized in other comprehensive loss	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$47.00M	USD	Annual
Tax benefit (expense)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$11.00M	USD	Annual
Tax benefit (expense)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$4.00M	USD	Annual
Tax benefit (expense)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$9.00M	USD	Annual
Pension and postretirement benefit plan adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$32.00M	USD	Annual
Pension and postretirement benefit plan adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$36.00M	USD	Annual
Pension and postretirement benefit plan adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$16.00M	USD	Annual
Unrealized cash flow hedging gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	Annual
Unrealized cash flow hedging gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$10.00M	USD	Annual
Unrealized cash flow hedging gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-3.00M	USD	Annual
Adjustment for net (gain) loss realized and included in net income	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	-	USD	Annual
Adjustment for net (gain) loss realized and included in net income	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	-	USD	Annual
Adjustment for net (gain) loss realized and included in net income	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$3.00M	USD	Annual
Change in unrealized cash flow hedging, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$7.00M	USD	Annual
Change in unrealized cash flow hedging, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	Annual
Change in unrealized cash flow hedging, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-3.00M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-21.00M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-142.00M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-61.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.21B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.03B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.07B	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$186.00M	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$140.00M	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$140.00M	USD	Annual
Comprehensive income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$849.00M	USD	Annual
Comprehensive income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$1.07B	USD	Annual
Comprehensive income attributable to common shareholders	`ComprehensiveIncomeNetOfTax`	$928.00M	USD	Annual

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