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CONDENSED COMBINED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period Of Adoption, Adjustment
UTC Net Investment
UTC Net Investment
Cumulative Effect, Period Of Adoption, Adjustment
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period Of Adoption, Adjustment
Common Stock
Additional Paid-In Capital
Retained Earnings
Non-Controlling Interest
Balance as of beginning of period at Dec. 31, 2018 $ 14,269 $ 0 $ 15,132 $ 9 $ (1,215) $ (9) $ 0 $ 0 $ 0 $ 352
Net income 403   400             3
Other comprehensive (loss) income, net of tax 101       96         5
Dividends attributable to noncontrolling interest (2)                 (2)
Net transfers to parent (81)   (81)              
Balance as of end of period at Mar. 31, 2019 14,690   15,460   (1,128)   0 0 0 358
Balance as of beginning of period at Dec. 31, 2018 14,269 0 15,132 9 (1,215) $ (9) 0 0 0 352
Net income 1,197                  
Other comprehensive (loss) income, net of tax 24                  
Balance as of end of period at Jun. 30, 2019 14,960   15,799   (1,202)   0 0 0 363
Balance as of beginning of period at Mar. 31, 2019 14,690   15,460   (1,128)   0 0 0 358
Net income 794   784             10
Other comprehensive (loss) income, net of tax (77)       (74)         (3)
Dividends attributable to noncontrolling interest (2)                 (2)
Net transfers to parent (445)   (445)              
Balance as of end of period at Jun. 30, 2019 14,960   15,799   (1,202)   0 0 0 363
Balance as of beginning of period at Dec. 31, 2019 14,435 (4) 15,355 (4) (1,253)   0 0 0 333
Net income 102   96             6
Other comprehensive (loss) income, net of tax (485)       (483)         (2)
Dividends attributable to noncontrolling interest (8)                 (8)
Net transfers to parent (11,014)   (11,014)              
Balance as of end of period at Mar. 31, 2020 3,026   4,433   (1,736)   0 0 0 329
Balance as of beginning of period at Dec. 31, 2019 14,435 $ (4) 15,355 $ (4) (1,253)   0 0 0 333
Net income 371                  
Other comprehensive (loss) income, net of tax (227)                  
Balance as of end of period at Jun. 30, 2020 4,366   0   (1,479)   9 5,307 191 338
Balance as of beginning of period at Mar. 31, 2020 3,026   4,433   (1,736)   0 0 0 329
Net income 269               261 8
Other comprehensive (loss) income, net of tax 258       257         1
Dividends declared on Common Stock (70)               (70)  
Common stock issued under employee plans 24             24    
Net transfers to parent 859                  
Reclassification of UTC Net investment in connection with Separation 0   (5,292)       9 5,283    
Balance as of end of period at Jun. 30, 2020 $ 4,366   $ 0   $ (1,479)   $ 9 $ 5,307 $ 191 $ 338