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Segment Financial Data
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
Note 16: Segment Financial Data
Our operations are classified into four principal segments: Otis, UTC Climate, Controls & Security, Pratt & Whitney, and UTC Aerospace Systems. 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. As discussed in Note 7, 2017 amounts have been recast based on the adoption of ASU 2017-07.
Total sales by segment include inter-segment sales, which are generally made at prices approximating those that the selling entity is able to obtain on external sales. Results for the quarters ended June 30, 2018 and 2017 are as follows:
 
Net Sales
 
Operating Profits
 
Operating Profit Margins
(dollars in millions)
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Otis
$
3,344

 
$
3,131

 
$
488

 
$
539

 
14.6
%
 
17.2
%
UTC Climate, Controls & Security
5,035

 
4,712

 
1,645

 
837

 
32.7
%
 
17.8
%
Pratt & Whitney
4,736

 
4,070

 
397

 
364

 
8.4
%
 
8.9
%
UTC Aerospace Systems
3,962

 
3,640

 
569

 
534

 
14.4
%
 
14.7
%
Total segments
17,077

 
15,553

 
3,099

 
2,274

 
18.1
%
 
14.6
%
Eliminations and other
(372
)
 
(273
)
 
(97
)
 
(5
)
 
 
 
 
General corporate expenses
—

 
—

 
(126
)
 
(105
)
 
 
 
 
Consolidated
$
16,705

 
$
15,280

 
$
2,876

 
$
2,164

 
17.2
%
 
14.2
%

Results for the six months ended June 30, 2018 and 2017 are as follows:
 
Net Sales
 
Operating Profits
 
Operating Profit Margins
(dollars in millions)
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Otis
$
6,381

 
$
5,935

 
$
938

 
$
986

 
14.7
%
 
16.6
%
UTC Climate, Controls & Security
9,411

 
8,604

 
2,237

 
1,768

 
23.8
%
 
20.5
%
Pratt & Whitney
9,065

 
7,828

 
810

 
720

 
8.9
%
 
9.2
%
UTC Aerospace Systems
7,779

 
7,251

 
1,157

 
1,065

 
14.9
%
 
14.7
%
Total segments
32,636

 
29,618

 
5,142

 
4,539

 
15.8
%
 
15.3
%
Eliminations and other
(689
)
 
(523
)
 
(108
)
 
(23
)
 
 
 
 
General corporate expenses
—

 
—

 
(230
)
 
(208
)
 
 
 
 
Consolidated
$
31,947

 
$
29,095

 
$
4,804

 
$
4,308

 
15.0
%
 
14.8
%

Geographic sales are attributed to the geographic regions based on their location of origin. Segment information for the quarter ended June 30, 2018 is as follows:
(dollars in millions)
Otis
 
UTC Climate, Controls & Security
 
Pratt & Whitney
 
UTC Aerospace Systems
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
 
 
United States
$
859

 
$
2,618

 
$
3,652

 
$
2,776

 
$
9,905

Europe
1,054

 
1,455

 
126

 
585

 
3,220

Asia Pacific
1,169

 
720

 
312

 
85

 
2,286

Other
262

 
242

 
646

 
516

 
1,666

Total segment
$
3,344

 
$
5,035

 
$
4,736

 
$
3,962

 
17,077

Eliminations and other
 
 
 
 
 
 
 
 
(372
)
Consolidated
 
 
 
 
 
 
 
 
$
16,705


Segment information for the six months ended June 30, 2018 is as follows:
(dollars in millions)
Otis
 
UTC Climate, Controls & Security
 
Pratt & Whitney
 
UTC Aerospace Systems
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
 
 
United States
$
1,704

 
$
4,713

 
$
6,773

 
$
5,430

 
$
18,620

Europe
2,059

 
2,839

 
299

 
1,192

 
6,389

Asia Pacific
2,091

 
1,405

 
680

 
169

 
4,345

Other
527

 
454

 
1,313

 
988

 
3,282

Total segment
$
6,381

 
$
9,411

 
$
9,065

 
$
7,779

 
32,636

Eliminations and other
 
 
 
 
 
 
 
 
(689
)
Consolidated
 
 
 
 
 
 
 
 
$
31,947


Segment sales disaggregated by product type and product versus service for the quarter ended June 30, 2018 are as follows:
(dollars in millions)
Otis
 
UTC Climate, Controls & Security
 
Pratt & Whitney
 
UTC Aerospace Systems
 
Total
Product Type
 
 
 
 
 
 
 
 
 
Commercial and industrial, non aerospace
$
3,344

 
$
5,035

 
$
5

 
$
15

 
$
8,399

Commercial aerospace
—

 
—

 
3,369

 
3,024

 
6,393

Military aerospace
—

 
—

 
1,362

 
923

 
2,285

Total segment
$
3,344

 
$
5,035

 
$
4,736

 
$
3,962

 
17,077

Eliminations and other
 
 
 
 
 
 
 
 
(372
)
Consolidated
 
 
 
 
 
 
 
 
$
16,705

 
 
 
 
 
 
 
 
 
 
Sales Type
 
 
 
 
 
 
 
 
 
Product
$
1,525

 
$
4,213

 
$
2,775

 
$
3,340

 
$
11,853

Service
1,819

 
822

 
1,961

 
622

 
5,224

Total segment
$
3,344

 
$
5,035

 
$
4,736

 
$
3,962

 
17,077

Eliminations and other
 
 
 
 
 
 
 
 
(372
)
Consolidated
 
 
 
 
 
 
 
 
$
16,705


Segment sales disaggregated by product type and product versus service for the six months ended June 30, 2018 are as follows:
(dollars in millions)
Otis
 
UTC Climate, Controls & Security
 
Pratt & Whitney
 
UTC Aerospace Systems
 
Total
Product Type
 
 
 
 
 
 
 
 
 
Commercial and industrial, non aerospace
$
6,381

 
$
9,411

 
$
26

 
$
30

 
$
15,848

Commercial aerospace
—

 
—

 
6,568

 
5,935

 
12,503

Military aerospace
—

 
—

 
2,471

 
1,814

 
4,285

Total segment
$
6,381

 
$
9,411

 
$
9,065

 
$
7,779

 
32,636

Eliminations and other
 
 
 
 
 
 
 
 
(689
)
Consolidated
 
 
 
 
 
 
 
 
$
31,947

 
 
 
 
 
 
 
 
 
 
Sales Type
 
 
 
 
 
 
 
 
 
Product
$
2,744

 
$
7,811

 
$
5,312

 
$
6,528

 
$
22,395

Service
3,637

 
1,600

 
3,753

 
1,251

 
10,241

Total segment
$
6,381

 
$
9,411

 
$
9,065

 
$
7,779

 
32,636

Eliminations and other
 
 
 
 
 
 
 
 
(689
)
Consolidated
 
 
 
 
 
 
 
 
$
31,947