Segment Financial Data
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Financial Data [Text Block]
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 2, on November 6, 2015, we completed the sale of Sikorsky to Lockheed Martin Corp. Amounts reported for 2015 in the table below exclude amounts attributable to Sikorsky, which have been reclassified to Discontinued Operations in the accompanying Condensed Consolidated Statements of Operations.
Results for the quarters ended September 30, 2016 and 2015 are as follows:
 
Net Sales
 
Operating Profits
 
Operating Profit Margins
(Dollars in millions)
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Otis
$
3,018

 
$
3,043

 
$
584

 
$
642

 
19.4
%
 
21.1
%
UTC Climate, Controls & Security
4,415

 
4,279

 
801

 
771

 
18.1
%
 
18.0
%
Pratt & Whitney
3,501

 
3,234

 
340

 
419

 
9.7
%
 
13.0
%
UTC Aerospace Systems
3,646

 
3,457

 
600

 
572

 
16.5
%
 
16.5
%
Total segments
14,580

 
14,013

 
2,325

 
2,404

 
15.9
%
 
17.2
%
Eliminations and other
(226
)
 
(225
)
 
18

 
(1
)
 
 
 
 
General corporate expenses
—

 
—

 
(92
)
 
(101
)
 
 
 
 
Consolidated
$
14,354

 
$
13,788

 
$
2,251

 
$
2,302

 
15.7
%
 
16.7
%

Results for the nine months ended September 30, 2016 and 2015 are as follows:
 
Net Sales
 
Operating Profits
 
Operating Profit Margins
(Dollars in millions)
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Otis
$
8,830

 
$
8,886

 
$
1,631

 
$
1,796

 
18.5
%
 
20.2
%
UTC Climate, Controls & Security
12,602

 
12,585

 
2,279

 
2,323

 
18.1
%
 
18.5
%
Pratt & Whitney
10,902

 
10,243

 
1,136

 
1,325

 
10.4
%
 
12.9
%
UTC Aerospace Systems
10,867

 
10,637

 
1,720

 
1,721

 
15.8
%
 
16.2
%
Total segments
43,201

 
42,351

 
6,766

 
7,165

 
15.7
%
 
16.9
%
Eliminations and other
(616
)
 
(553
)
 
47

 
65

 
 
 
 
General corporate expenses
—

 
—

 
(280
)
 
(331
)
 
 
 
 
Consolidated
$
42,585

 
$
41,798

 
$
6,533

 
$
6,899

 
15.3
%
 
16.5
%

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