Segment Financial Data

3 Months Ended

Mar. 31, 2014

Notes to Condensed Consolidated Financial Statements [Abstract]

Segment Financial Data

Segment Financial Data

Our operations are classified into five principal segments: Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems and Sikorsky. The segments are generally based on the management structure of the businesses and the grouping of similar operating companies, where each management organization has general operating autonomy over diversified products and services.

Results for the quarters ended March 31, 2014 and 2013 are as follows:

	Net Sales						Operating Profits						Operating Profit Margins
(Dollars in millions)	2014			2013			2014			2013			2014		2013
Otis	$	2,955		$	2,814		$	570		$	575		19.3	%	20.4	%
UTC Climate, Controls & Security	3,851			3,837			537			520			13.9	%	13.6	%
Pratt & Whitney	3,329			3,402			388			406			11.7	%	11.9	%
UTC Aerospace Systems	3,450			3,263			590			501			17.1	%	15.4	%
Sikorsky	1,361			1,249			86			90			6.3	%	7.2	%
Total segments	14,946			14,565			2,171			2,092			14.5	%	14.4	%
Eliminations and other	(201		)	(166		)	39			21
General corporate expenses	—			—			(112		)	(107		)
Consolidated	$	14,745		$	14,399		$	2,098		$	2,006		14.2	%	13.9	%

See Note 8 to the Condensed Consolidated Financial Statements for a discussion of restructuring costs included in segment operating results.