10-K Filing

OTIS WORLDWIDE CORP CIK: 1781335 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001781335-22-000007`
Period End Date	20211231
Filing Date	20220204
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	otis-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 51 Cash Flow Statement 128 Stockholders Equity 50 Comprehensive Income 45

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$175.00M	USD	Point-in-time
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`	$1.56B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.78B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$17.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$1.91B	USD	Point-in-time
Accounts receivable (net of allowance for expected credit losses of $175 and $161)	`AccountsReceivableNetCurrent`	$3.23B	USD	Point-in-time
Accounts receivable (net of allowance for expected credit losses of $175 and $161)	`AccountsReceivableNetCurrent`	$3.15B	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$458.00M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$550.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$659.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$622.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$382.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$429.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.49B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.26B	USD	Point-in-time
Future income tax benefits	`DeferredIncomeTaxAssetsNet`	$335.00M	USD	Point-in-time
Future income tax benefits	`DeferredIncomeTaxAssetsNet`	$334.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$774.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$721.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$774.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$542.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$526.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$419.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$484.00M	USD	Point-in-time
Goodwill	`Goodwill`	$1.65B	USD	Point-in-time
Goodwill	`Goodwill`	$1.67B	USD	Point-in-time
Goodwill	`Goodwill`	$1.77B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$310.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$297.00M	USD	Point-in-time
Total Assets	`Assets`	$10.71B	USD	Point-in-time
Total Assets	`Assets`	$12.28B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$24.00M	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`	$1.56B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.98B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.99B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$2.54B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$2.67B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.67B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.25B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.26B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$7.25B	USD	Point-in-time
Future pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$558.00M	USD	Point-in-time
Future pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$654.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$367.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$336.00M	USD	Point-in-time
Future income tax obligations	`DeferredIncomeTaxLiabilitiesNet`	$321.00M	USD	Point-in-time
Future income tax obligations	`DeferredIncomeTaxLiabilitiesNet`	$267.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$634.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$606.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.91B	USD	Point-in-time
Total Liabilities	`Liabilities`	$15.26B	USD	Point-in-time
Commitments and contingent liabilities (Note 22)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 22)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$194.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$198.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$203.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$160.00M	USD	Point-in-time
Common Stock and additional paid-in-capital	`CommonStockValue`	$119.00M	USD	Point-in-time
Common Stock and additional paid-in-capital	`CommonStockValue`	$59.00M	USD	Point-in-time
Treasury Stock	`TreasuryStockValue`	-	USD	Point-in-time
Treasury Stock	`TreasuryStockValue`	$725.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.26B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.11B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-763.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-815.00M	USD	Point-in-time
Total Shareholders' (Deficit) Equity	`StockholdersEquity`	$-3.62B	USD	Point-in-time
Total Shareholders' (Deficit) Equity	`StockholdersEquity`	$-3.86B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$467.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$481.00M	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.40B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.14B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	Point-in-time
Total (Deficit) Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.01B	USD	Point-in-time
Total Liabilities and (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$12.28B	USD	Point-in-time
Total Liabilities and (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$10.71B	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.30B	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.76B	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$13.12B	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$163.00M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$159.00M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$152.00M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.92B	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.95B	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.81B	USD	Annual
Costs and expenses	`CostsAndExpenses`	$12.21B	USD	Annual
Costs and expenses	`CostsAndExpenses`	$11.05B	USD	Annual
Costs and expenses	`CostsAndExpenses`	$11.27B	USD	Annual
Other income (expense), net	`OtherOperatingIncomeExpenseNet`	$-39.00M	USD	Annual
Other income (expense), net	`OtherOperatingIncomeExpenseNet`	$22.00M	USD	Annual
Other income (expense), net	`OtherOperatingIncomeExpenseNet`	$-64.00M	USD	Annual
Operating profit	`OperatingIncomeLoss`	$1.64B	USD	Annual
Operating profit	`OperatingIncomeLoss`	$2.11B	USD	Annual
Operating profit	`OperatingIncomeLoss`	$1.81B	USD	Annual
Non-service pension cost (benefit)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$11.00M	USD	Annual
Non-service pension cost (benefit)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-33.00M	USD	Annual
Non-service pension cost (benefit)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$6.00M	USD	Annual
Interest expense (income), net	`InterestIncomeExpenseNet`	$14.00M	USD	Annual
Interest expense (income), net	`InterestIncomeExpenseNet`	$-122.00M	USD	Annual
Interest expense (income), net	`InterestIncomeExpenseNet`	$-136.00M	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`	$1.96B	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$594.00M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$455.00M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$541.00M	USD	Annual
Net income	`ProfitLoss`	$1.27B	USD	Annual
Net income	`ProfitLoss`	$1.42B	USD	Annual
Net income	`ProfitLoss`	$1.06B	USD	Annual
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$150.00M	USD	Annual
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$151.00M	USD	Annual
Less: Noncontrolling interest in subsidiaries' earnings	`NetIncomeLossAttributableToNoncontrollingInterest`	$174.00M	USD	Annual
Net income attributable to Otis Worldwide Corporation	`NetIncomeLoss`	$1.12B	USD	Annual
Net income attributable to Otis Worldwide Corporation	`NetIncomeLoss`	$1.25B	USD	Annual
Net income attributable to Otis Worldwide Corporation	`NetIncomeLoss`	$906.00M	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$2.09	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$2.91	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$2.55	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.55	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.08	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.89	USD	Annual
Basic shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	433.10M	shares	Annual
Basic shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	433.20M	shares	Annual
Basic shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	427.70M	shares	Annual
Diluted shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	431.40M	shares	Annual
Diluted shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	434.60M	shares	Annual
Diluted shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	433.10M	shares	Annual

Cash Flow Statement 128 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.27B	USD	Annual
Net income	`ProfitLoss`	$1.42B	USD	Annual
Net income	`ProfitLoss`	$1.06B	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$180.00M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$191.00M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$203.00M	USD	Annual
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-92.00M	USD	Annual
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-51.00M	USD	Annual
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-8.00M	USD	Annual
Interest paid	`InterestPaidNet`	$129.00M	USD	Annual
Interest paid	`InterestPaidNet`	$81.00M	USD	Annual
Interest paid	`InterestPaidNet`	$18.00M	USD	Annual
Stock compensation cost	`ShareBasedCompensation`	$37.00M	USD	Annual
Stock compensation cost	`ShareBasedCompensation`	$63.00M	USD	Annual
Stock compensation cost	`ShareBasedCompensation`	$65.00M	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$552.00M	USD	Annual
Losses on fixed asset impairment or disposal of business	`AssetImpairmentCharges`	-	USD	Annual
Losses on fixed asset impairment or disposal of business	`AssetImpairmentCharges`	$71.00M	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$632.00M	USD	Annual
Losses on fixed asset impairment or disposal of business	`AssetImpairmentCharges`	$26.00M	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$561.00M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$163.00M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$191.00M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$152.00M	USD	Annual
Contract assets and liabilities, current	`IncreaseDecreaseInContractWithCustomerAsset`	$-97.00M	USD	Annual
Contract assets and liabilities, current	`IncreaseDecreaseInContractWithCustomerAsset`	$-53.00M	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`	$-14.00M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-28.00M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-30.00M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-43.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$130.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.00M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$72.00M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-14.00M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-34.00M	USD	Annual
Pension contributions	`PensionContributions`	$37.00M	USD	Annual
Pension contributions	`PensionContributions`	$32.00M	USD	Annual
Pension contributions	`PensionContributions`	$64.00M	USD	Annual
Other operating activities, net	`ProceedsPaymentsFromOtherOperatingActivities`	$137.00M	USD	Annual
Other operating activities, net	`ProceedsPaymentsFromOtherOperatingActivities`	$31.00M	USD	Annual
Other operating activities, net	`ProceedsPaymentsFromOtherOperatingActivities`	$31.00M	USD	Annual
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.48B	USD	Annual
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.47B	USD	Annual
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.75B	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$183.00M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$156.00M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$145.00M	USD	Annual
Investments in businesses and intangible assets, net of cash acquired (Note 9)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$47.00M	USD	Annual
Investments in businesses and intangible assets, net of cash acquired (Note 9)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$80.00M	USD	Annual
Investments in businesses and intangible assets, net of cash acquired (Note 9)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$53.00M	USD	Annual
Proceeds from sale of (investments in) equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	-	USD	Annual
Proceeds from sale of (investments in) equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	$40.00M	USD	Annual
Proceeds from sale of (investments in) equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$51.00M	USD	Annual
Receipts (payments) on settlements of derivative contracts	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-73.00M	USD	Annual
Receipts (payments) on settlements of derivative contracts	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$69.00M	USD	Annual
Receipts (payments) on settlements of derivative contracts	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$5.00M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-34.00M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$6.00M	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-353.00M	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-89.00M	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-203.00M	USD	Annual
Net proceeds from (repayments of) borrowings (maturities of 90 days or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$647.00M	USD	Annual
Net proceeds from (repayments of) borrowings (maturities of 90 days or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-304.00M	USD	Annual
Net proceeds from (repayments of) borrowings (maturities of 90 days or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$6.00M	USD	Annual
Proceeds from borrowings (maturities longer than 90 days)	`ProceedsFromIssuanceOfCommercialPaper`	-	USD	Annual
Proceeds from borrowings (maturities longer than 90 days)	`ProceedsFromIssuanceOfCommercialPaper`	$152.00M	USD	Annual
Proceeds from borrowings (maturities longer than 90 days)	`ProceedsFromIssuanceOfCommercialPaper`	-	USD	Annual
Repayments of borrowings (maturities longer than 90 days)	`RepaymentsOfCommercialPaper`	$503.00M	USD	Annual
Repayments of borrowings (maturities longer than 90 days)	`RepaymentsOfCommercialPaper`	-	USD	Annual
Repayments of borrowings (maturities longer than 90 days)	`RepaymentsOfCommercialPaper`	-	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.03B	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$6.30B	USD	Annual
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$43.00M	USD	Annual
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$25.00M	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
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$260.00M	USD	Annual
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$393.00M	USD	Annual
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	-	USD	Annual
Repurchases of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$725.00M	USD	Annual
Repurchases of Common Stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchases of Common Stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Dividends paid to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$155.00M	USD	Annual
Dividends paid to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$149.00M	USD	Annual
Dividends paid to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$163.00M	USD	Annual
Net transfers to UTC	`PaymentsForProceedsFromNetParentInvestment`	-	USD	Annual
Net transfers to UTC	`PaymentsForProceedsFromNetParentInvestment`	$6.33B	USD	Annual
Net transfers to UTC	`PaymentsForProceedsFromNetParentInvestment`	$972.00M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-9.00M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-19.00M	USD	Annual
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$58.00M	USD	Annual
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-844.00M	USD	Annual
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.13B	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-43.00M	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`	$342.00M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$113.00M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.68B	USD	Annual
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	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`	$3.48B	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	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`	$3.48B	USD	Point-in-time
Less: Restricted cash	`RestrictedCash`	$19.00M	USD	Point-in-time
Less: Restricted cash	`RestrictedCash`	$13.00M	USD	Point-in-time
Less: Restricted cash	`RestrictedCash`	$1.91B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.56B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.78B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	USD	Point-in-time
Interest Paid, Excluding Capitalized Interest, Operating Activities	`InterestPaidNet`	$129.00M	USD	Annual
Interest Paid, Excluding Capitalized Interest, Operating Activities	`InterestPaidNet`	$81.00M	USD	Annual
Interest Paid, Excluding Capitalized Interest, Operating Activities	`InterestPaidNet`	$18.00M	USD	Annual
Income Taxes Paid, Net	`IncomeTaxesPaidNet`	$552.00M	USD	Annual
Income Taxes Paid, Net	`IncomeTaxesPaidNet`	$632.00M	USD	Annual
Income Taxes Paid, Net	`IncomeTaxesPaidNet`	$561.00M	USD	Annual

Stockholders Equity 50 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.92	USD	Annual
Cash dividends declared (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.60	USD	Annual
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.40B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.14B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.01B	USD	Point-in-time
Net transfers (to) from UTC	`StockholdersEquityNoteSpinoffTransaction`	$-935.00M	USD	Annual
Net transfers (to) from UTC	`StockholdersEquityNoteSpinoffTransaction`	$-6.15B	USD	Annual
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$1.41B	USD	Annual
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$1.26B	USD	Annual
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$1.04B	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$37.00M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-59.00M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-23.00M	USD	Annual
Dividends attributable to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$145.00M	USD	Annual
Dividends attributable to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$146.00M	USD	Annual
Dividends attributable to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$138.00M	USD	Annual
Acquisitions, disposals and other changes	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges`	$-8.00M	USD	Annual
Acquisitions, disposals and other changes	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges`	$26.00M	USD	Annual
Acquisitions, disposals and other changes	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges`	$7.00M	USD	Annual
Issuance of Common Stock and reclassification of deficit	`ReclassificationFromAccumulatedDeficitToParentNetInvestment`	-	USD	Annual
Stock-based compensation and Common Stock issued under employer plans	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$60.00M	USD	Annual
Stock-based compensation and Common Stock issued under employer plans	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$55.00M	USD	Annual
Cash dividends declared	`DividendsCommonStock`	$393.00M	USD	Annual
Cash dividends declared	`DividendsCommonStock`	$260.00M	USD	Annual
Repurchase of Common Shares	`StockRepurchasedDuringPeriodValue`	$725.00M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.40B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.14B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.01B	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$194.00M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$198.00M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$203.00M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$160.00M	USD	Point-in-time
Net income	`TemporaryEquityNetIncome`	$11.00M	USD	Annual
Net income	`TemporaryEquityNetIncome`	$12.00M	USD	Annual
Net income	`TemporaryEquityNetIncome`	$4.00M	USD	Annual
Other comprehensive income (loss), net of tax	`TemporaryEquityOtherComprehensiveIncomeLoss`	$-2.00M	USD	Annual
Other comprehensive income (loss), net of tax	`TemporaryEquityOtherComprehensiveIncomeLoss`	$-12.00M	USD	Annual
Other comprehensive income (loss), net of tax	`TemporaryEquityOtherComprehensiveIncomeLoss`	$2.00M	USD	Annual
Dividends attributable to noncontrolling interest	`TemporaryEquityDividendsAdjustment`	$9.00M	USD	Annual
Dividends attributable to noncontrolling interest	`TemporaryEquityDividendsAdjustment`	$17.00M	USD	Annual
Dividends attributable to noncontrolling interest	`TemporaryEquityDividendsAdjustment`	$11.00M	USD	Annual
Acquisitions, disposals and other changes	`RedeemableNoncontrollingInterestAcquisitionsDisposalsAndOtherChanges`	$-9.00M	USD	Annual
Acquisitions, disposals and other changes	`RedeemableNoncontrollingInterestAcquisitionsDisposalsAndOtherChanges`	$10.00M	USD	Annual
Acquisitions, disposals and other changes	`RedeemableNoncontrollingInterestAcquisitionsDisposalsAndOtherChanges`	$-22.00M	USD	Annual
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$194.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$198.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$203.00M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$160.00M	USD	Point-in-time

Comprehensive Income 45 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.27B	USD	Annual
Net income	`ProfitLoss`	$1.42B	USD	Annual
Net income	`ProfitLoss`	$1.06B	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-53.00M	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.00M	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-26.00M	USD	Annual
Net actuarial gain (loss)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$71.00M	USD	Annual
Net actuarial gain (loss)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-43.00M	USD	Annual
Net actuarial gain (loss)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-28.00M	USD	Annual
Amortization of actuarial loss and prior service credit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-18.00M	USD	Annual
Amortization of actuarial loss and prior service credit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-9.00M	USD	Annual
Amortization of actuarial loss and prior service credit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-15.00M	USD	Annual
Other	`OtherComprehensiveIncomeLossDefinedBenefitPlanOtherReclassificationAdjustmentFromAOCIBeforeTax`	$-22.00M	USD	Annual
Other	`OtherComprehensiveIncomeLossDefinedBenefitPlanOtherReclassificationAdjustmentFromAOCIBeforeTax`	$-19.00M	USD	Annual
Other	`OtherComprehensiveIncomeLossDefinedBenefitPlanOtherReclassificationAdjustmentFromAOCIBeforeTax`	$13.00M	USD	Annual
Total recognized in other comprehensive loss	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$47.00M	USD	Annual
Total recognized in other comprehensive loss	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-102.00M	USD	Annual
Total recognized in other comprehensive loss	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$41.00M	USD	Annual
Tax benefit (expense)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$9.00M	USD	Annual
Tax benefit (expense)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-27.00M	USD	Annual
Tax benefit (expense)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$11.00M	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`	$-75.00M	USD	Annual
Pension and postretirement benefit plan adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$36.00M	USD	Annual
Unrealized cash flow hedging gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-1.00M	USD	Annual
Unrealized cash flow hedging gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-3.00M	USD	Annual
Unrealized cash flow hedging gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$10.00M	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`	$3.00M	USD	Annual
Adjustment for net (gain) loss realized and included in net income	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-4.00M	USD	Annual
Change in unrealized cash flow hedging, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$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`	$-3.00M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-61.00M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-21.00M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$25.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.03B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.21B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.45B	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$140.00M	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$147.00M	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$186.00M	USD	Annual
Comprehensive income attributable to Otis Worldwide Corporation	`ComprehensiveIncomeNetOfTax`	$849.00M	USD	Annual
Comprehensive income attributable to Otis Worldwide Corporation	`ComprehensiveIncomeNetOfTax`	$1.07B	USD	Annual
Comprehensive income attributable to Otis Worldwide Corporation	`ComprehensiveIncomeNetOfTax`	$1.30B	USD	Annual

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