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Acquisitions, Dispositions, Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2013

Notes to Condensed Consolidated Financial Statements [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]



(Dollars in millions)
Cash and cash equivalents	$	538
Accounts receivable, net	1,205
Inventories and contracts in progress, net	1,673
Future income tax benefits, current	266
Other assets, current	647
Fixed assets	2,209
Intangible assets:
Customer relationships and related program assets	8,550
Trademarks	1,550
Other assets	1,593
Short-term borrowings	(84		)
Accounts payable	(587		)
Accrued liabilities	(2,052		)
Long-term debt	(2,961		)
Future pension and postretirement benefit obligations	(1,743		)
Other long-term liabilities:
Customer contractual obligations	(2,200		)
Other long-term liabilities	(3,723		)
Noncontrolling interest	(41		)
Total identifiable net assets	4,840
Goodwill	11,580
Total consideration transferred	$	16,420

Business Acquisition Pro Forma Information [Text Block]



(Dollars in millions, except per share amounts)	Quarter Ended June 30, 2012		Six Months Ended June 30, 2012
Net sales	$	15,802	$	30,218
Net income attributable to common shareowners from continuing operations	1,542		2,830
Basic earnings per share of common stock from continuing operations	1.73		3.17
Diluted earnings per share of common stock from continuing operations	1.70		3.13

Business Acquisition Pro Forma Information Nonrecurring Adjustments [Table Text Block]



(Dollars in millions)	Quarter Ended June 30, 2012			Six Months Ended June 30, 2012
Amortization of acquired Goodrich intangible assets, net¹	$	46		$	92
Utilization of contractual customer obligation²	(47		)	(93		)
UTC/Goodrich fees for advisory, legal, accounting services³	(29		)	(57		)
Interest expense incurred on acquisition financing, net⁴	24			67

1 Added the additional amortization of the acquired Goodrich intangible assets recognized at fair value in purchase accounting and eliminated the historical Goodrich intangible asset amortization expense.

2 Added the additional utilization of the Goodrich contractual customer obligation recognized in purchase accounting.

3 Removed the UTC/Goodrich fees that were incurred in connection with the acquisition of Goodrich from the first quarter and six months of 2012, and considered those fees as incurred during the corresponding periods of 2011.

4 Added the additional interest expense for the indebtedness we incurred to finance the acquisition of Goodrich and reduced interest expense for the debt fair value adjustment which would have been amortized.

Schedule of Variable Interest Entities [Table Text Block]



(Dollars in millions)
Current assets	$	1,482
Noncurrent assets	961
Total assets	$	2,443

Current liabilities	$	1,678
Noncurrent liabilities	983
Total liabilities	$	2,661

Schedule of Goodwill [Text Block]



(Dollars in millions)	Balance as of January 1, 2013		Goodwill resulting from business combinations		Foreign currency translation and other			Balance as of June 30, 2013
Otis	$	1,583	$	126	$	(62	)	$	1,647
UTC Climate, Controls & Security	9,868		2		(253		)	9,617
Pratt & Whitney	1,238		—		35			1,273
UTC Aerospace Systems	14,754		298		(107		)	14,945
Sikorsky	353		—		(4		)	349
Total Segments	27,796		426		(391		)	27,831
Eliminations and other	5		—		(1		)	4
Total	$	27,801	$	426	$	(392	)	$	27,835

Intangible Assets Disclosure [Text Block]



	June 30, 2013					December 31, 2012
(Dollars in millions)	Gross Amount		Accumulated Amortization			Gross Amount		Accumulated Amortization
Amortized:
Service portfolios	$	2,181	$	(1,216	)	$	2,127	$	(1,202	)
Patents and trademarks	378		(171		)	412		(167		)
IAE collaboration	1,845		—			1,526		—
Customer relationships and other	11,944		(1,911		)	11,901		(1,718		)
	16,348		(3,298		)	15,966		(3,087		)
Unamortized:
Trademarks and other	2,251		—			2,310		—
Total	$	18,599	$	(3,298	)	$	18,276	$	(3,087	)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]



(Dollars in millions)	Remaining 2013		2014		2015		2016		2017		2018
Amortization expense	$	342	$	670	$	633	$	614	$	607	$	634

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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