Restructuring and Other Costs (Tables)

3 Months Ended

Mar. 31, 2020

YTD Current and Prior Year Actions [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring and Related Costs [Table Text Block]

We recorded charges in the segments as follows:

(dollars in millions)
Otis	$	6
Carrier	5
Pratt & Whitney	—
Collins Aerospace Systems	6
Eliminations and other	2
Total	$	19

Restructuring charges incurred during the quarter ended March 31, 2020 primarily relate to actions initiated during 2020 and 2019, and were recorded as follows:

(dollars in millions)
Cost of sales	$	6
Selling, general and administrative	13
Total	$	19

Current Year Actions [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring and Related Costs [Table Text Block]

The following table summarizes expected, incurred and remaining costs for the 2020 restructuring actions by segment:

(dollars in millions)	Expected Costs		Costs Incurred Quarter Ended March 31, 2020		Remaining Costs at March 31, 2020
Otis	$	5	$	(4)	$	1
Carrier	4		(2)		2
Pratt & Whitney	—		—		—
Collins Aerospace Systems	6		(1)		5
Eliminations and other	2		(1)		1
Total	$	17	$	(8)	$	9

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table summarizes the accrual balance and utilization for the 2020 restructuring actions for the quarter ended March 31, 2020:

(dollars in millions)	Severance		Facility Exit and Other Costs		Total
Net pre-tax restructuring costs	$	8	—		$	8
Utilization, foreign exchange and other costs	(3)		—		(3)
Balance at March 31, 2020	$	5	$	—	$	5

Prior Year Actions [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring and Related Costs [Table Text Block]

The following table summarizes expected, incurred and remaining costs for the 2019 restructuring actions by segment:

(dollars in millions)	Expected Costs		Costs Incurred in 2019		Costs Incurred Quarter Ended March 31, 2020		Remaining Costs at March 31, 2020
Otis	$	63	$	(45)	$	(2)	$	16
Carrier	120		(110)		(3)		7
Pratt & Whitney	133		(133)		—		—
Collins Aerospace Systems	118		(27)		(5)		86
Eliminations and other	6		(6)		—		—
Total	$	440	$	(321)	$	(10)	$	109

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table summarizes the accrual balances and utilization for the 2019 restructuring actions for the quarter ended March 31, 2020:

(dollars in millions)	Severance		Facility Exit, and Other Costs		Total
Quarter Ended March 31, 2020
Restructuring accruals at December 31, 2019	$	105	$	13	$	118
Net pre-tax restructuring costs	8		2		10
Utilization, foreign exchange and other costs	(35)		(3)		(38)
Balance at March 31, 2020	$	78	$	12	$	90