2021 Q2 Form 10-Q Financial Statement
#000178133521000051 Filed on July 28, 2021
Income Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
Revenue | $3.701B | $3.029B |
YoY Change | 22.19% | -9.61% |
Cost Of Revenue | $2.626B | $2.138B |
YoY Change | 22.83% | -9.67% |
Gross Profit | $1.075B | $891.0M |
YoY Change | 20.65% | -9.45% |
Gross Profit Margin | 29.05% | 29.42% |
Selling, General & Admin | $484.0M | $441.0M |
YoY Change | 9.75% | -0.68% |
% of Gross Profit | 45.02% | 49.49% |
Research & Development | $39.00M | $37.00M |
YoY Change | 5.41% | -7.5% |
% of Gross Profit | 3.63% | 4.15% |
Depreciation & Amortization | $51.00M | $49.00M |
YoY Change | 4.08% | 6.52% |
% of Gross Profit | 4.74% | 5.5% |
Operating Expenses | $523.0M | $478.0M |
YoY Change | 9.41% | -1.24% |
Operating Profit | $561.0M | $416.0M |
YoY Change | 34.86% | -13.51% |
Interest Expense | -$27.00M | -$41.00M |
YoY Change | -34.15% | -1466.67% |
% of Operating Profit | -4.81% | -9.86% |
Other Income/Expense, Net | -$2.000M | -$1.000M |
YoY Change | 100.0% | -109.09% |
Pretax Income | $532.0M | $374.0M |
YoY Change | 42.25% | -24.44% |
Income Tax | $153.0M | $109.0M |
% Of Pretax Income | 28.76% | 29.14% |
Net Earnings | $326.0M | $224.0M |
YoY Change | 45.54% | -27.27% |
Net Earnings / Revenue | 8.81% | 7.4% |
Basic Earnings Per Share | $0.76 | $0.52 |
Diluted Earnings Per Share | $0.76 | $0.52 |
COMMON SHARES | ||
Basic Shares Outstanding | 427.9M shares | 433.1M shares |
Diluted Shares Outstanding | 431.6M shares | 434.1M shares |
Balance Sheet
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.923B | $1.912B |
YoY Change | 0.58% | |
Cash & Equivalents | $1.923B | $1.912B |
Short-Term Investments | ||
Other Short-Term Assets | $399.0M | $502.0M |
YoY Change | -20.52% | |
Inventory | $673.0M | $629.0M |
Prepaid Expenses | ||
Receivables | $3.194B | $2.865B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $6.681B | $6.392B |
YoY Change | 4.52% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $781.0M | $704.0M |
YoY Change | 10.94% | |
Goodwill | $1.742B | $1.639B |
YoY Change | 6.28% | |
Intangibles | $458.0M | $458.0M |
YoY Change | 0.0% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $290.0M | $291.0M |
YoY Change | -0.34% | |
Total Long-Term Assets | $4.176B | $4.049B |
YoY Change | 3.14% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $6.681B | $6.392B |
Total Long-Term Assets | $4.176B | $4.049B |
Total Assets | $10.86B | $10.44B |
YoY Change | 3.98% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.569B | $1.349B |
YoY Change | 16.31% | |
Accrued Expenses | $1.989B | $1.917B |
YoY Change | 3.76% | |
Deferred Revenue | $2.815B | $2.463B |
YoY Change | 14.29% | |
Short-Term Debt | $343.0M | $33.00M |
YoY Change | 939.39% | |
Long-Term Debt Due | $0.00 | $0.00 |
YoY Change | ||
Total Short-Term Liabilities | $6.716B | $5.762B |
YoY Change | 16.56% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $5.457B | $6.260B |
YoY Change | -12.83% | |
Other Long-Term Liabilities | $624.0M | $590.0M |
YoY Change | 5.76% | |
Total Long-Term Liabilities | $6.081B | $6.850B |
YoY Change | -11.23% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $6.716B | $5.762B |
Total Long-Term Liabilities | $6.081B | $6.850B |
Total Liabilities | $14.11B | $14.02B |
YoY Change | 0.67% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$2.633B | -$3.418B |
YoY Change | -22.97% | |
Common Stock | $86.00M | $19.00M |
YoY Change | 352.63% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $506.0M | |
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$3.856B | -$4.242B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $10.86B | $10.44B |
YoY Change | 3.98% |
Cashflow Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $326.0M | $224.0M |
YoY Change | 45.54% | -27.27% |
Depreciation, Depletion And Amortization | $51.00M | $49.00M |
YoY Change | 4.08% | 6.52% |
Cash From Operating Activities | $533.0M | $664.0M |
YoY Change | -19.73% | 87.57% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$40.00M | -$36.00M |
YoY Change | 11.11% | 2.86% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $23.00M | -$14.00M |
YoY Change | -264.29% | -64.1% |
Cash From Investing Activities | -$17.00M | -$50.00M |
YoY Change | -66.0% | -32.43% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -342.0M | 76.00M |
YoY Change | -550.0% | -285.37% |
NET CHANGE | ||
Cash From Operating Activities | 533.0M | 664.0M |
Cash From Investing Activities | -17.00M | -50.00M |
Cash From Financing Activities | -342.0M | 76.00M |
Net Change In Cash | 174.0M | 690.0M |
YoY Change | -74.78% | 188.7% |
FREE CASH FLOW | ||
Cash From Operating Activities | $533.0M | $664.0M |
Capital Expenditures | -$40.00M | -$36.00M |
Free Cash Flow | $573.0M | $700.0M |
YoY Change | -18.14% | 79.95% |
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|
3148000000 | USD |
CY2021Q2 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
492000000 | USD |
CY2020Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
458000000 | USD |
CY2021Q2 | us-gaap |
Inventory Net
InventoryNet
|
673000000 | USD |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
659000000 | USD |
CY2021Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
399000000 | USD |
CY2020Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
446000000 | USD |
CY2021Q2 | us-gaap |
Assets Current
AssetsCurrent
|
6681000000 | USD |
CY2020Q4 | us-gaap |
Assets Current
AssetsCurrent
|
6493000000 | USD |
CY2021Q2 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
334000000 | USD |
CY2020Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
334000000 | USD |
CY2021Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1163000000 | USD |
CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1197000000 | USD |
CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
781000000 | USD |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
774000000 | USD |
CY2021Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
571000000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
542000000 | USD |
CY2021Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
458000000 | USD |
CY2020Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
484000000 | USD |
CY2021Q2 | us-gaap |
Goodwill
Goodwill
|
1742000000 | USD |
CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
1773000000 | USD |
CY2021Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
290000000 | USD |
CY2020Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
310000000 | USD |
CY2021Q2 | us-gaap |
Assets
Assets
|
10857000000 | USD |
CY2020Q4 | us-gaap |
Assets
Assets
|
10710000000 | USD |
CY2021Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
343000000 | USD |
CY2020Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
701000000 | USD |
CY2021Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1569000000 | USD |
CY2020Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1453000000 | USD |
CY2021Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1989000000 | USD |
CY2020Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1977000000 | USD |
CY2021Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2815000000 | USD |
CY2020Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2542000000 | USD |
CY2021Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6716000000 | USD |
CY2020Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6673000000 | USD |
CY2021Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
5457000000 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
5262000000 | USD |
CY2021Q2 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
643000000 | USD |
CY2020Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
654000000 | USD |
CY2021Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
386000000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
367000000 | USD |
CY2021Q2 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
285000000 | USD |
CY2020Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
321000000 | USD |
CY2021Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
624000000 | USD |
CY2020Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
634000000 | USD |
CY2021Q2 | us-gaap |
Liabilities
Liabilities
|
14111000000 | USD |
CY2020Q4 | us-gaap |
Liabilities
Liabilities
|
13911000000 | USD |
CY2021Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2021Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
63000000 | USD |
CY2020Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
83000000 | USD |
CY2021Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
86000000 | USD |
CY2020Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
59000000 | USD |
CY2021Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
506000000 | USD |
CY2020Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
0 | USD |
CY2021Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-2633000000 | USD |
CY2020Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3076000000 | USD |
CY2021Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-803000000 | USD |
CY2020Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-815000000 | USD |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-3856000000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-3832000000 | USD |
CY2021Q2 | us-gaap |
Minority Interest
MinorityInterest
|
539000000 | USD |
CY2020Q4 | us-gaap |
Minority Interest
MinorityInterest
|
548000000 | USD |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-3317000000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-3284000000 | USD |
CY2021Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
10857000000 | USD |
CY2020Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
10710000000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-3351000000 | USD |
CY2021Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
65000000 | USD |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
379000000 | USD |
CY2021Q2 | otis |
Other Comprehensive Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
OtherComprehensiveIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
25000000 | USD |
CY2021Q2 | otis |
Temporary Equity Other Comprehensive Income Loss
TemporaryEquityOtherComprehensiveIncomeLoss
|
-1000000 | USD |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
17000000 | USD |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.24 | |
CY2021Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
102000000 | USD |
CY2021Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
206000000 | USD |
CY2021Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
75000000 | USD |
CY2021Q2 | us-gaap |
Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
|
1000000 | USD |
CY2021Q2 | otis |
Noncontrolling Interest Increase Decrease From Business Combination Disposal And Other Changes
NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges
|
-4000000 | USD |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-3317000000 | USD |
CY2021Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
63000000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-4284000000 | USD |
CY2020Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
95000000 | USD |
CY2020Q2 | us-gaap |
Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
|
407000000 | USD |
CY2020Q2 | otis |
Reclassification From Accumulated Deficit To Parent Net Investment
ReclassificationFromAccumulatedDeficitToParentNetInvestment
|
0 | USD |
CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
265000000 | USD |
CY2020Q2 | otis |
Other Comprehensive Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
OtherComprehensiveIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
30000000 | USD |
CY2020Q2 | otis |
Temporary Equity Other Comprehensive Income Loss
TemporaryEquityOtherComprehensiveIncomeLoss
|
-1000000 | USD |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
15000000 | USD |
CY2020Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.20 | |
CY2020Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
87000000 | USD |
CY2020Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
18000000 | USD |
CY2020Q2 | otis |
Redeemable Noncontrolling Interest Increase Decrease From Business Combination Disposal And Other Changes
RedeemableNoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges
|
2000000 | USD |
CY2020Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-3672000000 | USD |
CY2020Q2 | otis |
Noncontrolling Interest Increase Decrease From Business Combination Disposal And Other Changes
NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges
|
0 | USD |
CY2020Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
96000000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-3284000000 | USD |
CY2020Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
83000000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
731000000 | USD | |
otis |
Other Comprehensive Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
OtherComprehensiveIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
4000000 | USD | |
otis |
Temporary Equity Other Comprehensive Income Loss
TemporaryEquityOtherComprehensiveIncomeLoss
|
-2000000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
26000000 | USD | |
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.44 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
189000000 | USD | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
506000000 | USD | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
107000000 | USD | |
us-gaap |
Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
|
1000000 | USD | |
otis |
Noncontrolling Interest Increase Decrease From Business Combination Disposal And Other Changes
NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges
|
8000000 | USD | |
otis |
Redeemable Noncontrolling Interest Increase Decrease From Business Combination Disposal And Other Changes
RedeemableNoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges
|
-17000000 | USD | |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-3317000000 | USD |
CY2021Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
63000000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2231000000 | USD |
CY2019Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
95000000 | USD |
us-gaap |
Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
|
-6150000000 | USD | |
otis |
Reclassification From Accumulated Deficit To Parent Net Investment
ReclassificationFromAccumulatedDeficitToParentNetInvestment
|
0 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
467000000 | USD | |
otis |
Other Comprehensive Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
OtherComprehensiveIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-78000000 | USD | |
otis |
Temporary Equity Other Comprehensive Income Loss
TemporaryEquityOtherComprehensiveIncomeLoss
|
-3000000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
15000000 | USD | |
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.20 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
87000000 | USD | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
39000000 | USD | |
otis |
Noncontrolling Interest Increase Decrease From Business Combination Disposal And Other Changes
NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges
|
-6000000 | USD | |
otis |
Redeemable Noncontrolling Interest Increase Decrease From Business Combination Disposal And Other Changes
RedeemableNoncontrollingInterestIncreaseDecreaseFromBusinessCombinationDisposalAndOtherChanges
|
4000000 | USD | |
CY2020Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-3672000000 | USD |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
84000000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
75000000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
51000000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-55000000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
67000000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
124000000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
17000000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-23000000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
62000000 | USD | |
us-gaap |
Pension Contributions
PensionContributions
|
18000000 | USD | |
us-gaap |
Pension Contributions
PensionContributions
|
20000000 | USD | |
us-gaap |
Proceeds From Other Operating Activities
ProceedsFromOtherOperatingActivities
|
1000000 | USD | |
us-gaap |
Proceeds From Other Operating Activities
ProceedsFromOtherOperatingActivities
|
75000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1118000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
823000000 | USD | |
CY2020Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
96000000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
731000000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
467000000 | USD | |
us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
102000000 | USD | |
us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
92000000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-39000000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-21000000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
31000000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
27000000 | USD | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
55000000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
54000000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
59000000 | USD | |
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-225000000 | USD | |
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-266000000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
17000000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
71000000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
16000000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
18000000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
51000000 | USD | |
us-gaap |
Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
|
58000000 | USD | |
us-gaap |
Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
|
0 | USD | |
us-gaap |
Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
-17000000 | USD | |
us-gaap |
Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
7000000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-11000000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-7000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-67000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-142000000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
-70000000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
1000000 | USD | |
us-gaap |
Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
|
152000000 | USD | |
us-gaap |
Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
|
0 | USD | |
us-gaap |
Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
|
427000000 | USD | |
us-gaap |
Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
199000000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
6300000000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2000000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
43000000 | USD | |
otis |
Payments For Proceeds From Net Parent Investment
PaymentsForProceedsFromNetParentInvestment
|
0 | USD | |
otis |
Payments For Proceeds From Net Parent Investment
PaymentsForProceedsFromNetParentInvestment
|
6330000000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
189000000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
87000000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
506000000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
55000000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
43000000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-18000000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
22000000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-916000000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-180000000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8000000 | USD | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1801000000 | USD |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-33000000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
143000000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
468000000 | USD | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1459000000 | USD |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1944000000 | USD |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1927000000 | USD |
CY2021Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
21000000 | USD |
CY2020Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
15000000 | USD |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1923000000 | USD |
CY2020Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1912000000 | USD |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Description of Business and Separation from United Technologies Corporation<div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Otis (as defined below) is the world’s leading elevator and escalator manufacturing, installation and service company. Our operations are classified into two segments: New Equipment and Service. Through the New Equipment segment, we design, manufacture, sell and install a wide range of passenger and freight elevators, as well as escalators and moving walkways, for residential and commercial building and infrastructure projects. The Service segment provides maintenance and repair services for both our products and those of other manufacturers, and provides modernization services to upgrade elevators and escalators.</span></div><div><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 26, 2018, United Technologies Corporation, subsequently renamed to Raytheon Technologies Corporation on April 3, 2020 ("UTC" or "RTX", as applicable), announced its intention to spin-off its Otis reportable segment and its Carrier reportable segment into two separate publicly-traded companies (the "Separation"). On April 3, 2020, the Company became an independent publicly-traded company through a pro-rata distribution of 0.5 shares of Common Stock for every share of UTC common stock held at the close of business on the record date of March 19, 2020 (the "Distribution"). Otis began to trade as a separate public company (New York Stock Exchange ("NYSE"): OTIS) on April 3, 2020.</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unless the context otherwise requires, references to "Otis", "we", "us", "our" and "the Company" refer to (i) Otis Worldwide Corporation's business (the "Business") prior to the Separation and (ii) Otis Worldwide Corporation and its subsidiaries following the Separation, as applicable. References to "UTC" relate to pre-Separation matters, and references to "RTX" relate to post-Separation matters.</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Separation was completed pursuant to a Separation and Distribution Agreement ("Separation Agreement") and other agreements with our former parent, UTC, related to the Separation, including but not limited to a transition services agreement (the "Transition Service Agreement" or "TSA"), a tax matters agreement (the "Tax Matters Agreement" or "TMA"), an employee matters agreement (the "Employee Matters Agreement" or "EMA") and an intellectual property agreement (the "Intellectual Property Agreement"). For further discussion on these agreements, see Note 5.</span></div> | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
Basis of Presentation<div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to the Separation on April 3, 2020, our historical financial statements were prepared on a standalone combined basis and were derived from the consolidated financial statements and accounting records of our former parent, UTC. For the period subsequent to April 3, 2020, our financial statements are presented on a consolidated basis as the Company became a standalone public company (collectively, the financial statements for all periods presented, including the historical results of the Company prior to April 3, 2020, are now referred to as "Condensed Consolidated Financial Statements" to reflect this change). They have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and accordingly, certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted.</span></div><div style="text-indent:24.76pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to the Separation on April 3, 2020, the Condensed Consolidated Statements of Operations included all revenues and costs directly attributable to Otis, including costs for facilities, functions and services used by Otis. Costs for certain functions and services performed by centralized UTC organizations were directly charged to Otis based on specific identification when possible or based on a reasonable allocation driver such as net sales, headcount, usage or other allocation methods. All charges and allocations for facilities, functions and services performed by UTC organizations have been deemed settled in cash by Otis to our former parent, UTC, in the period in which the cost was recorded on the Condensed Consolidated Statements of </span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operations. Current and deferred income taxes were determined based on the standalone results of Otis. However, because the Company was included in our former parent UTC’s tax group in certain jurisdictions, the Company's actual tax balances may differ from those reported. The Company's portion of its domestic income taxes and certain income taxes for jurisdictions outside the U.S. are deemed to have been settled in the period the related tax expense was recorded prior to the Separation. </span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All significant intracompany accounts and transactions within the Company have been eliminated in the preparation of the Condensed Consolidated Financial Statements. Prior to the Separation, the Condensed Consolidated Financial St</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">atements of the Company include assets and liabilities that have been determined to be specifically or otherwise attributable to the Company. </span></div><div style="text-indent:22.5pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">U</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">se of Estimates. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these Condensed Consolidated Financial Statements and accompanying notes in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates.</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We assessed certain accounting matters that generally require consideration of forecasted financial information in the context of the information reasonably available to us and the unknown future impacts of COVID-19 at June 30, 2021 and through the date of this report. The accounting matters assessed included, but were not limited to, our allowance for </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">credit losses, the carrying value of our goodwill and other long-lived assets, financial assets and revenue recognition. While there was not a material impact to our Condensed Consolidated Financial Statements as of June 30, 2021 and for the</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> quarters and six months ended June 30, 2021 and 2020, respectively, resulting from our assessments of these matters, future assessment of our current expectations at that time of the magnitude and duration of COVID-19, as well as other factors, could result in material impacts to our Condensed Consolidated Financial Statements in future reporting periods.</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts presented in the prior period have been reclassified to conform to the current period presentation, which are immaterial.</span></div> | ||
CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
433100000 | shares |
CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
433100000 | shares |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">U</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">se of Estimates. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these Condensed Consolidated Financial Statements and accompanying notes in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates.</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We assessed certain accounting matters that generally require consideration of forecasted financial information in the context of the information reasonably available to us and the unknown future impacts of COVID-19 at June 30, 2021 and through the date of this report. The accounting matters assessed included, but were not limited to, our allowance for </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">credit losses, the carrying value of our goodwill and other long-lived assets, financial assets and revenue recognition. While there was not a material impact to our Condensed Consolidated Financial Statements as of June 30, 2021 and for the</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> quarters and six months ended June 30, 2021 and 2020, respectively, resulting from our assessments of these matters, future assessment of our current expectations at that time of the magnitude and duration of COVID-19, as well as other factors, could result in material impacts to our Condensed Consolidated Financial Statements in future reporting periods.</span></div> | ||
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
326000000 | USD |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
224000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
634000000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
389000000 | USD | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
427900000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
427900000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
429800000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
429800000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
433100000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
433100000 | shares | |
CY2021Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3700000 | shares |
CY2020Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000.0 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2900000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2900000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
500000 | shares | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
431600000 | shares |
CY2020Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
434100000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
432700000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
433600000 | shares | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.76 | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.52 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.48 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.90 | ||
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.76 | |
CY2020Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.52 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.47 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.90 | ||
CY2021Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2100000 | shares |
CY2020Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9300000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2100000 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9300000 | shares | |
CY2021Q2 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
492000000 | USD |
CY2020Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
458000000 | USD |
CY2021Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
492000000 | USD |
CY2020Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
458000000 | USD |
CY2021Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2815000000 | USD |
CY2020Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2542000000 | USD |
CY2021Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
40000000 | USD |
CY2020Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
44000000 | USD |
CY2021Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
2855000000 | USD |
CY2020Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
2586000000 | USD |
CY2021Q2 | otis |
Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
|
-2363000000 | USD |
CY2020Q4 | otis |
Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
|
-2128000000 | USD |
otis |
Contract With Customer Asset Increase Decrease
ContractWithCustomerAssetIncreaseDecrease
|
34000000 | USD | |
otis |
Contract With Customer Liability Increase Decrease
ContractWithCustomerLiabilityIncreaseDecrease
|
269000000 | USD | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
1700000000 | USD | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
1300000000 | USD | |
CY2021Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
17500000000 | USD |
CY2021Q2 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.89 | |
CY2021Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P24M | |
CY2017Q4 | otis |
Toll Charge Payment Period
TollChargePaymentPeriod
|
P8Y | |
CY2021Q2 | otis |
Trade Receivables Current
TradeReceivablesCurrent
|
3028000000 | USD |
CY2020Q4 | otis |
Trade Receivables Current
TradeReceivablesCurrent
|
2987000000 | USD |
CY2021Q2 | us-gaap |
Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
|
125000000 | USD |
CY2020Q4 | us-gaap |
Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
|
130000000 | USD |
CY2021Q2 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
118000000 | USD |
CY2020Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
104000000 | USD |
CY2021Q2 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
93000000 | USD |
CY2020Q4 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
88000000 | USD |
CY2021Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
3364000000 | USD |
CY2020Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
3309000000 | USD |
CY2021Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
3194000000 | USD |
CY2021Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
170000000 | USD |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
161000000 | USD |
CY2020Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
3148000000 | USD |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
161000000 | USD |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
83000000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
15000000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
13000000 | USD | |
us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
5000000 | USD | |
us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
6000000 | USD | |
otis |
Accounts Receivable Allowance For Credit Loss Foreign Exchange Gain Loss And Other
AccountsReceivableAllowanceForCreditLossForeignExchangeGainLossAndOther
|
1000000 | USD | |
otis |
Accounts Receivable Allowance For Credit Loss Foreign Exchange Gain Loss And Other
AccountsReceivableAllowanceForCreditLossForeignExchangeGainLossAndOther
|
-22000000 | USD | |
us-gaap |
Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
|
22000000 | USD | |
CY2021Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
170000000 | USD |
CY2020Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
140000000 | USD |
CY2020Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
|
22000000 | USD |
CY2021Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
121000000 | USD |
CY2020Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
113000000 | USD |
CY2021Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
552000000 | USD |
CY2020Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
546000000 | USD |
CY2021Q2 | us-gaap |
Inventory Net
InventoryNet
|
673000000 | USD |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
659000000 | USD |
CY2021Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
109000000 | USD |
CY2020Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
112000000 | USD |
us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
51000000 | USD | |
us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
16000000 | USD | |
CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
1773000000 | USD |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
1000000 | USD | |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-32000000 | USD | |
CY2021Q2 | us-gaap |
Goodwill
Goodwill
|
1742000000 | USD |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2184000000 | USD |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1733000000 | USD |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2199000000 | USD |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1722000000 | USD |
CY2021Q2 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
7000000 | USD |
CY2020Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
7000000 | USD |
CY2021Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
2191000000 | USD |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1733000000 | USD |
CY2020Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
2206000000 | USD |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1722000000 | USD |
CY2021Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
22000000 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
45000000 | USD | |
CY2020Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
23000000 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
45000000 | USD | |
CY2021Q2 | us-gaap |
Commercial Paper
CommercialPaper
|
304000000 | USD |
CY2020Q4 | us-gaap |
Commercial Paper
CommercialPaper
|
664000000 | USD |
CY2021Q2 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
39000000 | USD |
CY2020Q4 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
37000000 | USD |
CY2021Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
343000000 | USD |
CY2020Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
701000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
6300000000 | USD |
CY2021Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
5499000000 | USD |
CY2020Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
5305000000 | USD |
CY2021Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
42000000 | USD |
CY2020Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
43000000 | USD |
CY2021Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
5457000000 | USD |
CY2020Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
5262000000 | USD |
CY2021Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | USD |
CY2021Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
5457000000 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
5262000000 | USD |
CY2021Q2 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2000000 | USD |
CY2020Q2 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3000000 | USD |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3000000 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3000000 | USD | |
CY2021Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
34000000 | USD |
CY2020Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
42000000 | USD |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
67000000 | USD | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
55000000 | USD | |
CY2021Q2 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
42000000 | USD |
CY2020Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
43000000 | USD |
otis |
Long Term Debt Average Remaining Maturity
LongTermDebtAverageRemainingMaturity
|
P10Y6M | ||
CY2021Q2 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
5000000 | USD |
CY2020Q2 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
10000000 | USD |
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
18000000 | USD | |
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
20000000 | USD | |
CY2021Q2 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
14000000 | USD |
CY2020Q2 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
14000000 | USD |
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
33000000 | USD | |
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
30000000 | USD | |
CY2021Q2 | us-gaap |
Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
|
42000000 | USD |
CY2020Q2 | us-gaap |
Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
|
36000000 | USD |
us-gaap |
Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
|
80000000 | USD | |
us-gaap |
Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
|
73000000 | USD | |
us-gaap |
Pension Expense
PensionExpense
|
1000000 | USD | |
us-gaap |
Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
|
5000000 | USD | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
26000000 | shares |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
18000000 | USD |
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
16000000 | USD |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
32000000 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
20000000 | USD | |
CY2021Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
2000000 | USD |
CY2020Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
2000000 | USD |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
4000000 | USD | |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
4000000 | USD | |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
16000000 | USD |
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
14000000 | USD |
us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
28000000 | USD | |
us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
16000000 | USD | |
CY2021Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
85000000 | USD |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y | ||
CY2020Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
125000000 | shares |
CY2021Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
125000000 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2021Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
2000000000 | shares |
CY2021Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
2000000000 | shares |
CY2021Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2020Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
434100000 | shares |
CY2021Q2 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
7300000 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
433400000 | shares |
CY2021Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
1000000000 | USD |
CY2021Q2 | otis |
Stock Repurchase Program Amount Currently Repurchased
StockRepurchaseProgramAmountCurrentlyRepurchased
|
506000000 | USD |
CY2021Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
2600000 | shares |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
7300000 | shares | |
CY2021Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
206000000 | USD |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
506000000 | USD | |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
18000000 | USD |
CY2021Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-3000000 | USD |
CY2021Q2 | us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
1000000 | USD |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
1000000 | USD | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-13000000 | USD | |
us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
2000000 | USD | |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
15000000 | USD |
CY2020Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-3000000 | USD |
CY2020Q2 | us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
-1000000 | USD |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-90000000 | USD | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-7000000 | USD | |
us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
2000000 | USD | |
CY2021Q2 | us-gaap |
Increase In Unrecognized Tax Benefits Is Reasonably Possible
IncreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
10000000 | USD |
CY2021Q2 | us-gaap |
Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
380000000 | USD |
CY2021Q2 | otis |
Increase In Unrecognized Tax Benefits Accrued Interest Is Reasonably Possible
IncreaseInUnrecognizedTaxBenefitsAccruedInterestIsReasonablyPossible
|
5000000 | USD |
CY2021Q2 | otis |
Decrease In Unrecognized Tax Benefits Accrued Interest Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsAccruedInterestIsReasonablyPossible
|
160000000 | USD |
CY2021Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
11000000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
26000000 | USD | |
CY2020Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
20000000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
26000000 | USD | |
CY2021Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
11000000 | USD |
CY2020Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
20000000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
26000000 | USD | |
us-gaap |
Restructuring Charges
RestructuringCharges
|
26000000 | USD | |
CY2020Q4 | otis |
Four Quarter Rolling Average Of Notional Amount Of Foreign Exchange Contracts Hedging Foreign Currency Transactions
FourQuarterRollingAverageOfNotionalAmountOfForeignExchangeContractsHedgingForeignCurrencyTransactions
|
3000000000.0 | USD |
CY2021Q2 | otis |
Four Quarter Rolling Average Of Notional Amount Of Commodity Contracts Hedging Commodity Purchase Transactions
FourQuarterRollingAverageOfNotionalAmountOfCommodityContractsHedgingCommodityPurchaseTransactions
|
4000000 | USD |
CY2020Q4 | otis |
Four Quarter Rolling Average Of Notional Amount Of Commodity Contracts Hedging Commodity Purchase Transactions
FourQuarterRollingAverageOfNotionalAmountOfCommodityContractsHedgingCommodityPurchaseTransactions
|
0 | USD |
CY2021Q2 | otis |
Four Quarter Rolling Average Of Notional Amount Of Foreign Exchange Contracts Hedging Foreign Currency Transactions
FourQuarterRollingAverageOfNotionalAmountOfForeignExchangeContractsHedgingForeignCurrencyTransactions
|
3000000000.0 | USD |
CY2021Q2 | us-gaap |
Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
|
1000000 | USD |
CY2020Q4 | us-gaap |
Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
|
4000000 | USD |
CY2021Q2 | us-gaap |
Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
|
-1000000 | USD |
CY2020Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
25000000 | USD |
CY2019Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
27000000 | USD |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
2000000 | USD | |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
8000000 | USD | |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
7000000 | USD | |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
7000000 | USD | |
us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
3000000 | USD | |
us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
-1000000 | USD | |
CY2021Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
23000000 | USD |
CY2020Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
27000000 | USD |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3701000000 | USD |
CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3029000000 | USD |
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
561000000 | USD |
CY2020Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
416000000 | USD |
CY2021Q2 | otis |
Operating Profit Margin
OperatingProfitMargin
|
0.152 | |
CY2020Q2 | otis |
Operating Profit Margin
OperatingProfitMargin
|
0.137 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7109000000 | USD | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5995000000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1070000000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
745000000 | USD | |
otis |
Operating Profit Margin
OperatingProfitMargin
|
0.151 | ||
otis |
Operating Profit Margin
OperatingProfitMargin
|
0.124 | ||
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3701000000 | USD |
CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3029000000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7109000000 | USD | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5995000000 | USD | |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3701000000 | USD |
CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3029000000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7109000000 | USD | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5995000000 | USD |