Restructuring and Other Costs (Tables)
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9 Months Ended |
Sep. 30, 2016 |
| 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 | $ | 41 |
| UTC Climate, Controls & Security | 71 |
| Pratt & Whitney | 50 |
| UTC Aerospace Systems | 32 |
| Eliminations and other | 7 |
| Total | $ | 201 |
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Restructuring charges incurred during the nine months ended September 30, 2016 primarily relate to actions initiated during 2016 and 2015, and were recorded as follows: | | | | | (Dollars in millions) | | Cost of sales | $ | 110 |
| Selling, general and administrative | 65 |
| Other expense | 26 |
| Total | $ | 201 |
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| Current Year Actions [Member] |
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| Restructuring Cost and Reserve [Line Items] |
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| Schedule of Restructuring and Related Costs [Table Text Block] |
The following table summarizes expected, incurred and remaining costs for the 2016 restructuring actions by segment: | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | Expected Costs | | Costs Incurred Quarter Ended March 31, 2016 | | Costs Incurred Quarter Ended June 30, 2016 | | Costs Incurred Quarter Ended September 30, 2016 | | Remaining Costs at September 30, 2016 | Otis | $ | 38 |
| | $ | (10 | ) | | $ | (13 | ) | | $ | (9 | ) | | $ | 6 |
| UTC Climate, Controls & Security | 53 |
| | (13 | ) | | (8 | ) | | (13 | ) | | 19 |
| Pratt & Whitney | 61 |
| | — |
| | (61 | ) | | — |
| | — |
| UTC Aerospace Systems | 90 |
| | (5 | ) | | (3 | ) | | (8 | ) | | 74 |
| Total | $ | 242 |
| | $ | (28 | ) | | $ | (85 | ) | | $ | (30 | ) | | $ | 99 |
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| Schedule of Restructuring Reserve by Type of Cost [Table Text Block] |
The following table summarizes the accrual balance and utilization for the 2016 restructuring actions for the quarter and nine months ended September 30, 2016: | | | | | | | | | | | | | (Dollars in millions) | Severance | | Facility Exit, Lease Termination and Other Costs | | Total | Quarter Ended September 30, 2016 | | | | | | Restructuring accruals at June 30, 2016 | $ | 27 |
| | $ | 60 |
| | $ | 87 |
| Net pre-tax restructuring costs | 22 |
| | 8 |
| | 30 |
| Utilization and foreign exchange | (12 | ) | | (6 | ) | | (18 | ) | Balance at September 30, 2016 | $ | 37 |
| | $ | 62 |
| | $ | 99 |
| | | | | | | Nine Months Ended September 30, 2016 | | | | | | Net pre-tax restructuring costs | $ | 71 |
| | $ | 72 |
| | $ | 143 |
| Utilization and foreign exchange | (34 | ) | | (10 | ) | | (44 | ) | Balance at September 30, 2016 | $ | 37 |
| | $ | 62 |
| | $ | 99 |
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| Prior Year Actions [Member] |
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| Restructuring Cost and Reserve [Line Items] |
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| Schedule of Restructuring and Related Costs [Table Text Block] |
The following table summarizes expected, incurred and remaining costs for the 2015 restructuring actions by segment: | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | Expected Costs | | Costs Incurred in 2015 | | Costs Incurred Quarter Ended March 31, 2016 | | Costs Incurred Quarter Ended June 30, 2016 | | (Costs Incurred) Reversals Quarter Ended September 30, 2016 | | Remaining Costs at September 30, 2016 | Otis | $ | 51 |
| | $ | (35 | ) | | $ | (5 | ) | | $ | (5 | ) | | $ | (2 | ) | | $ | 4 |
| UTC Climate, Controls & Security | 195 |
| | (83 | ) | | (14 | ) | | (14 | ) | | (5 | ) | | 79 |
| Pratt & Whitney | 59 |
| | (82 | ) | | (1 | ) | | — |
| | 24 |
| | — |
| UTC Aerospace Systems | 140 |
| | (105 | ) | | (8 | ) | | (4 | ) | | (3 | ) | | 20 |
| Eliminations and other | 28 |
| | (21 | ) | | (1 | ) | | (1 | ) | | (5 | ) | | — |
| Total | $ | 473 |
| | $ | (326 | ) | | $ | (29 | ) | | $ | (24 | ) | | $ | 9 |
| | $ | 103 |
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|
| Schedule of Restructuring Reserve by Type of Cost [Table Text Block] |
The following table summarizes the accrual balances and utilization for the 2015 restructuring actions for the quarter and nine months ended September 30, 2016: | | | | | | | | | | | | | (Dollars in millions) | Severance | | Facility Exit, Lease Termination and Other Costs | | Total | Quarter Ended September 30, 2016 | | | | | | Restructuring accruals at June 30, 2016 | $ | 113 |
| | $ | 25 |
| | $ | 138 |
| Net pre-tax restructuring costs | (14 | ) | | 5 |
| | (9 | ) | Utilization and foreign exchange | (36 | ) | | (2 | ) | | (38 | ) | Balance at September 30, 2016 | $ | 63 |
| | $ | 28 |
| | $ | 91 |
| | | | | | | Nine Months Ended September 30, 2016 | | | | | | Restructuring accruals at December 31, 2015 | $ | 183 |
| | $ | 23 |
| | $ | 206 |
| Net pre-tax restructuring costs | 23 |
| | 21 |
| | 44 |
| Utilization and foreign exchange | (143 | ) | | (16 | ) | | (159 | ) | Balance at September 30, 2016 | $ | 63 |
| | $ | 28 |
| | $ | 91 |
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