Restructuring and Other Costs (Tables)

6 Months Ended

Jun. 30, 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)	Quarter Ended June 30, 2020		Six Months Ended June 30, 2020
Pratt & Whitney	$	107	$	107
Collins Aerospace Systems	151		157
Corporate expenses and other unallocated items	169		171
Total	$	427	$	435

Restructuring charges incurred during the quarter and six months ended June 30, 2020 primarily relate to actions initiated during 2020 and 2019, and were recorded as follows:

(dollars in millions)	Quarter Ended June 30, 2020		Six Months Ended June 30, 2020
Cost of sales	$	183	$	188
Selling, general and administrative	244		247
Total	$	427	$	435

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		Costs Incurred Quarter Ended June 30, 2020		Remaining Costs at June 30, 2020
Pratt & Whitney	$	131	$	—	$	(130)	$	1
Collins Aerospace Systems	184		(1)		(146)		37
Corporate expenses and other unallocated items	169		(1)		(168)		—
Total	$	484	$	(2)	$	(444)	$	38

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 and six months ended June 30, 2020:

(dollars in millions)	Severance		Facility Exit and Other Costs		Total
Quarter Ended June 30, 2020
Restructuring accruals at March 31, 2020	$	2	$	—	$	2
Net pre-tax restructuring costs	443		1		444
Utilization, foreign exchange and other costs	(50)		(1)		(51)
Balance at June 30, 2020	$	395	$	—	$	395
Six Months Ended June 30, 2020
Restructuring accruals at December 31, 2019	$	—	$	—	$	—
Net pre-tax restructuring costs	445		1		446
Utilization, foreign exchange and other costs	(50)		(1)		(51)
Balance at June 30, 2020	$	395	$	—	$	395

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		Costs Incurred Quarter Ended June 30, 2020		Remaining Costs at June 30, 2020
Pratt & Whitney	$	121	$	(133)	$	—	$	12	$	—
Collins Aerospace Systems	112		(27)		(5)		(3)		77
Corporate expenses and other unallocated items	2		(2)		—		—		—
Total	$	235	$	(162)	$	(5)	$	9	$	77

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 and six months ended June 30, 2020:

(dollars in millions)	Severance		Facility Exit, and Other Costs		Total
Quarter Ended June 30, 2020
Restructuring accruals at March 31, 2020	$	36	$	10	$	46
Net pre-tax restructuring costs	(9)		—		(9)
Utilization, foreign exchange and other costs	(10)		—		(10)
Balance at June 30, 2020	$	17	$	10	$	27
Six Months Ended June 30, 2020
Restructuring accruals at December 31, 2019	$	47	$	11	$	58
Net pre-tax restructuring costs	(6)		2		(4)
Utilization, foreign exchange and other costs	(24)		(3)		(27)
Balance at June 30, 2020	$	17	$	10	$	27