2017 Q4 Form 10-K Financial Statement

#000010182919000007 Filed on February 07, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $15.68B $15.06B $15.28B
YoY Change 6.97% 4.93% 2.73%
Cost Of Revenue $11.98B $3.293B $3.193B
YoY Change 11.73% 16.77% 13.71%
Gross Profit $3.885B $3.956B $4.116B
YoY Change -1.3% -1.4% -0.41%
Gross Profit Margin 24.78% 26.26% 26.94%
Selling, General & Admin $1.885B $1.582B $1.590B
YoY Change 2.28% 13.81% 9.58%
% of Gross Profit 48.52% 39.99% 38.63%
Research & Development $659.0M $592.0M $619.0M
YoY Change 5.27% 1.72% 5.27%
% of Gross Profit 16.96% 14.96% 15.04%
Depreciation & Amortization $558.0M $543.0M $527.0M
YoY Change 10.28% 9.48% 6.68%
% of Gross Profit 14.36% 13.73% 12.8%
Operating Expenses $2.308B $2.174B $2.209B
YoY Change 0.74% 10.24% 8.34%
Operating Profit $1.577B $2.032B $2.164B
YoY Change -4.13% -9.73% -7.4%
Interest Expense -$220.0M $223.0M $226.0M
YoY Change -38.72% -0.89% 0.44%
% of Operating Profit -13.95% 10.97% 10.44%
Other Income/Expense, Net $534.0M
YoY Change
Pretax Income $1.705B $1.940B $2.064B
YoY Change 33.94% -4.24% -2.27%
Income Tax $529.0M $506.0M $532.0M
% Of Pretax Income 31.03% 26.08% 25.78%
Net Earnings $397.0M $1.330B $1.439B
YoY Change -60.81% -10.14% 4.35%
Net Earnings / Revenue 2.53% 8.83% 9.42%
Basic Earnings Per Share $0.50 $1.69 $1.83
Diluted Earnings Per Share $0.50 $1.67 $1.80
COMMON SHARES
Basic Shares Outstanding 788.3M shares 788.7M shares
Diluted Shares Outstanding 797.1M shares 798.2M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.985B $8.523B $9.345B
YoY Change 25.54% 19.92% 37.73%
Cash & Equivalents $6.108B $8.523B $9.345B
Short-Term Investments
Other Short-Term Assets $1.397B $1.229B $1.027B
YoY Change 15.65% 42.91% 14.88%
Inventory $9.881B $10.08B $9.860B
Prepaid Expenses
Receivables $12.60B $13.13B $12.60B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $32.86B $32.96B $32.83B
YoY Change 15.09% 15.47% 17.37%
LONG-TERM ASSETS
Property, Plant & Equipment $10.19B $9.763B $9.475B
YoY Change 11.23% 8.61% 6.33%
Goodwill $27.91B $27.92B $27.59B
YoY Change 3.14% 1.8% 0.19%
Intangibles $15.88B $15.96B $15.88B
YoY Change 1.27% 0.98% 0.25%
Long-Term Investments $2.372B $2.184B $1.701B
YoY Change 69.67% 102.79% 70.1%
Other Assets $5.988B $5.848B $5.503B
YoY Change -0.99% -9.49% -14.15%
Total Long-Term Assets $64.06B $63.39B $61.96B
YoY Change 4.75% 3.05% 0.74%
TOTAL ASSETS
Total Short-Term Assets $32.86B $32.96B $32.83B
Total Long-Term Assets $64.06B $63.39B $61.96B
Total Assets $96.92B $96.35B $94.79B
YoY Change 8.04% 6.98% 5.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.579B $8.999B $8.542B
YoY Change 28.01% 21.08% 17.95%
Accrued Expenses $12.32B $13.05B $12.63B
YoY Change 0.79% 3.32% 0.8%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $392.0M $1.077B $682.0M
YoY Change -34.78% 23.65% -9.43%
Long-Term Debt Due $2.104B $2.120B $2.061B
YoY Change 31.25% 32.17% 24.61%
Total Short-Term Liabilities $24.39B $25.25B $23.92B
YoY Change 11.34% 12.01% 7.83%
LONG-TERM LIABILITIES
Long-Term Debt $24.99B $24.06B $23.88B
YoY Change 15.17% 19.18% 18.64%
Other Long-Term Liabilities $12.95B $11.69B $11.18B
YoY Change 17.47% 9.28% 6.57%
Total Long-Term Liabilities $12.95B $11.69B $11.18B
YoY Change 17.47% 9.28% 6.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.39B $25.25B $23.92B
Total Long-Term Liabilities $12.95B $11.69B $11.18B
Total Liabilities $65.37B $64.23B $64.23B
YoY Change 8.51% 8.9% 9.76%
SHAREHOLDERS EQUITY
Retained Earnings $55.24B $55.39B $54.64B
YoY Change 4.48% 5.73% 6.2%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.60B $35.58B $35.52B
YoY Change 4.23% 9.18% 14.13%
Treasury Stock Shares 645.1K shares
Shareholders Equity $29.61B $29.88B $28.44B
YoY Change
Total Liabilities & Shareholders Equity $96.92B $96.35B $94.79B
YoY Change 8.04% 6.98% 5.94%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $397.0M $1.330B $1.439B
YoY Change -60.81% -10.14% 4.35%
Depreciation, Depletion And Amortization $558.0M $543.0M $527.0M
YoY Change 10.28% 9.48% 6.68%
Cash From Operating Activities $2.521B -$29.00M $2.146B
YoY Change 37.76% -101.52% 36.51%
INVESTING ACTIVITIES
Capital Expenditures -$890.0M -$538.0M -$540.0M
YoY Change 19.78% 8.47% 16.38%
Acquisitions
YoY Change
Other Investing Activities -$471.0M -$130.0M -$311.0M
YoY Change -667.47% -581.48% -25.42%
Cash From Investing Activities -$1.361B -$668.0M -$851.0M
YoY Change 106.21% 42.43% -3.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -700.0M -241.0M 877.0M
YoY Change -28.93% -78.42% -178.58%
NET CHANGE
Cash From Operating Activities 2.521B -29.00M 2.146B
Cash From Investing Activities -1.361B -668.0M -851.0M
Cash From Financing Activities -700.0M -241.0M 877.0M
Net Change In Cash 460.0M -938.0M 2.172B
YoY Change 148.65% -392.21% -611.06%
FREE CASH FLOW
Cash From Operating Activities $2.521B -$29.00M $2.146B
Capital Expenditures -$890.0M -$538.0M -$540.0M
Free Cash Flow $3.411B $509.0M $2.686B
YoY Change 32.57% -78.82% 31.93%

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318000000 USD
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1240000000 USD
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1962000000 USD
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2140000000 USD
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2433000000 USD
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1962000000 USD
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2140000000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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2433000000 USD
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253000000 USD
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CY2018 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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1.75
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1.83
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1.69
CY2017Q4 us-gaap Earnings Per Share Basic
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0.50
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5.76
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1.64
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2.59
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1.56
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0.83
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6.58
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6.12
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1.73
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1.80
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1.67
CY2017Q4 us-gaap Earnings Per Share Diluted
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0.50
CY2017 us-gaap Earnings Per Share Diluted
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5.70
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1.62
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2.56
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1.54
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0.83
CY2018 us-gaap Earnings Per Share Diluted
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6.50
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210000000 USD
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CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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0.317
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0.350
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0.350
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0.210
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0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0.089
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.090
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-0.081
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.064
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.009
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-0.002
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.002
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.008
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
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-0.029
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
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-0.007
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
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0.000
CY2017Q4 us-gaap Employee Related Liabilities Current
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240000000 USD
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42000000 USD
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69000000 USD
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100000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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59000000 USD
CY2018Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
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1000000000 USD
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24700000 shares
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9400000 shares
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Our non-union domestic employee savings plan uses an Employee Stock Ownership Plan (ESOP) for employer matching contributions. External borrowings were used by the ESOP to fund a portion of its purchase of ESOP stock from us. The external borrowings have been extinguished and only re-amortized loans remain between UTC and the ESOP Trust. As ESOP debt service payments are made, common stock is released from an unreleased shares account. ESOP debt may be prepaid or re-amortized to either increase or decrease the number of shares released so that the value of released shares equals the value of plan benefit. We may also, at our option, contribute additional common stock or cash to the ESOP.Shares of common stock are allocated to employees' ESOP accounts at fair value on the date earned. Cash dividends on common stock held by the ESOP are used for debt service payments. Participants may choose to have their ESOP dividends reinvested or distributed in cash. Common stock allocated to ESOP participants is included in the average number of common shares outstanding for both basic and diluted earnings per share.
CY2016 us-gaap Entity Wide Disclosure On Geographic Areas Description Of Revenue From External Customers
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57244
CY2017 us-gaap Entity Wide Disclosure On Geographic Areas Description Of Revenue From External Customers
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59837
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66501
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10186
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CY2017Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
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CY2018Q4 us-gaap Foreign Currency Cash Flow Hedge Liability At Fair Value
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63000000 USD
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60000000 USD
CY2018Q4 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
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92000000 USD
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77000000 USD
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115000000 USD
CY2017Q4 us-gaap Goodwill
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371000000 USD
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368000000 USD
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2990000000 USD
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3630000000 USD
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7133000000 USD
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7763000000 USD
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8280000000 USD
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4599000000 USD
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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4650000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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7133000000 USD
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7763000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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8280000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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5436000000 USD
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4920000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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5654000000 USD
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6.19
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5.76
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
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6.58
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
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6.13
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
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5.70
CY2018 us-gaap Income Loss From Continuing Operations Per Diluted Share
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6.50
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-10000000 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax
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0 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax
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0 USD
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0 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
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-0.01
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
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0.00
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-0.01
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0.00
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2016 us-gaap Income Tax Expense Benefit
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2843000000 USD
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2626000000 USD
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4096000000 USD
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1326000000 USD
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448000000 USD
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2426000000 USD
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-237000000 USD
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-285000000 USD
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-429000000 USD
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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7900000 shares
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9100000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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9700000 shares
CY2018 us-gaap Income Taxes Paid Net
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1714000000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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450000000 USD
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1571000000 USD
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2446000000 USD
CY2016 us-gaap Increase Decrease In Contract With Customer Asset
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0 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Asset
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0 USD
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604000000 USD
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0 USD
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0 USD
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205000000 USD
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719000000 USD
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1074000000 USD
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537000000 USD
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101000000 USD
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941000000 USD
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2096000000 USD
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3918000000 USD
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22134000000 USD
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33477000000 USD
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909000000 USD
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1038000000 USD
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974000000 USD
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439000000 USD
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637000000 USD
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3845000000 USD
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CY2017Q4 us-gaap Inventory For Long Term Contracts Or Programs
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CY2018Q4 us-gaap Liabilities
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CY2018Q4 us-gaap Liabilities And Stockholders Equity
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The risks of participating in these multiemployer plans are different from single-employer plans in that assets contributed are pooled and may be used to provide benefits to employees of other participating employers. If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. Lastly, if we choose to stop participating in some of our multiemployer plans, we may be required to pay those plans a withdrawal liability based on the underfunded status of the plan.
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CY2018 us-gaap Net Cash Provided By Used In Discontinued Operations
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CY2017Q4 us-gaap Net Income Loss
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60000000 USD
CY2017 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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CY2018 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
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CY2016 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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246000000 USD
CY2017 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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308000000 USD
CY2018 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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177000000 USD
CY2017 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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234000000 USD
CY2018 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2017 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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74000000 USD
CY2018 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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620000000 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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535000000 USD
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529000000 USD
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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10000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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2000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
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CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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78000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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0 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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215000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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0 USD
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347000000 USD
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264000000 USD
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190000000 USD
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5000000 USD
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3000000 USD
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CY2016 us-gaap Other Income
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CY2018 us-gaap Other Tax Expense Benefit
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501000000 USD
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317000000 USD
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139000000 USD
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2254000000 USD
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1453000000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
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325000000 USD
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2069000000 USD
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2074000000 USD
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2170000000 USD
CY2016 us-gaap Payments To Acquire Businesses And Interest In Affiliates
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710000000 USD
CY2017 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
231000000 USD
CY2018 us-gaap Payments To Acquire Businesses And Interest In Affiliates
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P6Y6M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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4350000000 USD
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11 years
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34000000 USD
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327000000 CAD
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243000000 USD
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750000000 EUR
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2372000000 USD
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3023000000 USD
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DebtPercentageBearingVariableInterestRate
0.09
CY2018Q4 utx Debt Percentage Bearing Variable Interest Rate
DebtPercentageBearingVariableInterestRate
0.10
CY2017Q4 utx Deferred Tax Assets Other Asset Basis Differences
DeferredTaxAssetsOtherAssetBasisDifferences
798000000 USD
CY2018Q4 utx Deferred Tax Assets Other Asset Basis Differences
DeferredTaxAssetsOtherAssetBasisDifferences
1013000000 USD
CY2017Q4 utx Deferred Tax Assets Other Liability Basis Differences
DeferredTaxAssetsOtherLiabilityBasisDifferences
1158000000 USD
CY2018Q4 utx Deferred Tax Assets Other Liability Basis Differences
DeferredTaxAssetsOtherLiabilityBasisDifferences
1482000000 USD
CY2017Q4 utx Deferred Tax Liabilities Intangible Assets
DeferredTaxLiabilitiesIntangibleAssets
2100000000 USD
CY2018Q4 utx Deferred Tax Liabilities Intangible Assets
DeferredTaxLiabilitiesIntangibleAssets
4462000000 USD
CY2017Q4 utx Deferred Tax Liabilities Other Asset Basis Difference
DeferredTaxLiabilitiesOtherAssetBasisDifference
1315000000 USD
CY2018Q4 utx Deferred Tax Liabilities Other Asset Basis Difference
DeferredTaxLiabilitiesOtherAssetBasisDifference
2159000000 USD
CY2016 utx Employee Service Share Based Compensation Tax Benefit Realized From Vesting Of Performance Share Units
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromVestingOfPerformanceShareUnits
17000000 USD
CY2017 utx Employee Service Share Based Compensation Tax Benefit Realized From Vesting Of Performance Share Units
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromVestingOfPerformanceShareUnits
12000000 USD
CY2018 utx Employee Service Share Based Compensation Tax Benefit Realized From Vesting Of Performance Share Units
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromVestingOfPerformanceShareUnits
13000000 USD
CY2017Q4 utx Environmentalhealthandsafetytaxandemploymentmatters
Environmentalhealthandsafetytaxandemploymentmatters
179000000 USD
CY2018Q4 utx Environmentalhealthandsafetytaxandemploymentmatters
Environmentalhealthandsafetytaxandemploymentmatters
175000000 USD
CY2018 utx Expected Range Of Shares Awarded Annually Under Long Term Incentive Plan
ExpectedRangeOfSharesAwardedAnnuallyUnderLongTermIncentivePlan
1.0% to 1.5%
CY2017Q4 utx Financing Receivable Reserve For Credit Losses And Exposure Individually Evaluated For Impairment
FinancingReceivableReserveForCreditLossesAndExposureIndividuallyEvaluatedForImpairment
17000000 USD
CY2018Q4 utx Financing Receivable Reserve For Credit Losses And Exposure Individually Evaluated For Impairment
FinancingReceivableReserveForCreditLossesAndExposureIndividuallyEvaluatedForImpairment
16000000 USD
CY2017Q4 utx Four Quarter Rolling Average Of Notional Amount Of Foreign Exchange Contracts Hedging Foreign Currency Transactions
FourQuarterRollingAverageOfNotionalAmountOfForeignExchangeContractsHedgingForeignCurrencyTransactions
19100000000 USD
CY2018Q4 utx Four Quarter Rolling Average Of Notional Amount Of Foreign Exchange Contracts Hedging Foreign Currency Transactions
FourQuarterRollingAverageOfNotionalAmountOfForeignExchangeContractsHedgingForeignCurrencyTransactions
20100000000 USD
CY2016 utx Gainonsaleof Taylor Company
GainonsaleofTaylorCompany
0 USD
CY2017 utx Gainonsaleof Taylor Company
GainonsaleofTaylorCompany
0 USD
CY2018 utx Gainonsaleof Taylor Company
GainonsaleofTaylorCompany
799000000 USD
CY2018 utx Goodwill Eliminationsandotherincreasedecrease
GoodwillEliminationsandotherincreasedecrease
18000000 USD
CY2018 utx Goodwilltranslationandotherincreasedecrease
Goodwilltranslationandotherincreasedecrease
-543000000 USD
CY2017Q4 utx Inventory Before Payments And Billings
InventoryBeforePaymentsAndBillings
19454000000 USD
CY2018Q4 utx Inventory Before Payments And Billings
InventoryBeforePaymentsAndBillings
10083000000 USD
CY2017Q4 utx Inventory Costsin Excessof Average Cost Per Unit
InventoryCostsinExcessofAverageCostPerUnit
438000000 USD
CY2018Q4 utx Inventory Costsin Excessof Average Cost Per Unit
InventoryCostsinExcessofAverageCostPerUnit
0 USD
CY2017Q4 utx Liabilitiesheldforsale
Liabilitiesheldforsale
0 USD
CY2018Q4 utx Liabilitiesheldforsale
Liabilitiesheldforsale
40000000 USD
CY2017Q4 utx Litigation And Contract Matters Current
LitigationAndContractMattersCurrent
435000000 USD
CY2018Q4 utx Litigation And Contract Matters Current
LitigationAndContractMattersCurrent
461000000 USD
CY2017Q4 utx Long Term Receivables High Credit Risk
LongTermReceivablesHighCreditRisk
170000000 USD
CY2018Q4 utx Long Term Receivables High Credit Risk
LongTermReceivablesHighCreditRisk
150000000 USD
CY2018Q4 utx Longtermdebteurodenominated
Longtermdebteurodenominated
4950000000 EUR
CY2016 utx Major Customers Airbus Sales
MajorCustomersAirbusSales
7688000000 USD
CY2017 utx Major Customers Airbus Sales
MajorCustomersAirbusSales
8908000000 USD
CY2018 utx Major Customers Airbus Sales
MajorCustomersAirbusSales
10025000000 USD
CY2018Q4 utx Maximum Commercial Paper Borrowing Authority
MaximumCommercialPaperBorrowingAuthority
4350000000 USD
CY2016 utx Multiemployer Plans Period Contributions
MultiemployerPlansPeriodContributions
131000000 USD
CY2017 utx Multiemployer Plans Period Contributions
MultiemployerPlansPeriodContributions
145000000 USD
CY2018 utx Multiemployer Plans Period Contributions
MultiemployerPlansPeriodContributions
151000000 USD
CY2016 utx Multiemployer Plans Period Contributions Other Than Pensions
MultiemployerPlansPeriodContributionsOtherThanPensions
17000000 USD
CY2017 utx Multiemployer Plans Period Contributions Other Than Pensions
MultiemployerPlansPeriodContributionsOtherThanPensions
19000000 USD
CY2018 utx Multiemployer Plans Period Contributions Other Than Pensions
MultiemployerPlansPeriodContributionsOtherThanPensions
20000000 USD
CY2016 utx Netincreasedecreaseincashandcashequivalents
Netincreasedecreaseincashandcashequivalents
69000000 USD
CY2017 utx Netincreasedecreaseincashandcashequivalents
Netincreasedecreaseincashandcashequivalents
1829000000 USD
CY2018 utx Netincreasedecreaseincashandcashequivalents
Netincreasedecreaseincashandcashequivalents
-2806000000 USD
CY2016 utx Operatingprofitimpactofcontractadjustments
Operatingprofitimpactofcontractadjustments
-157000000 USD
CY2017 utx Operatingprofitimpactofcontractadjustments
Operatingprofitimpactofcontractadjustments
-110000000 USD
CY2018 utx Operatingprofitimpactofcontractadjustments
Operatingprofitimpactofcontractadjustments
-50000000 USD
CY2018 utx Other Comprehensive Income Loss Asu201601adoptionimpacton Defined Benefit Plan Arising During Period
OtherComprehensiveIncomeLossASU201601adoptionimpactonDefinedBenefitPlanArisingDuringPeriod
0 USD
CY2018 utx Other Comprehensive Income Loss Asu201601adoptionimpacton Derivatives Arising During Period
OtherComprehensiveIncomeLossASU201601adoptionimpactonDerivativesArisingDuringPeriod
0 USD
CY2016 utx Other Comprehensive Income Loss Asu201601adoptionimpacton Securities Arising During Period
OtherComprehensiveIncomeLossASU201601adoptionimpactonSecuritiesArisingDuringPeriod
0 USD
CY2017 utx Other Comprehensive Income Loss Asu201601adoptionimpacton Securities Arising During Period
OtherComprehensiveIncomeLossASU201601adoptionimpactonSecuritiesArisingDuringPeriod
0 USD
CY2018 utx Other Comprehensive Income Loss Asu201601adoptionimpacton Securities Arising During Period
OtherComprehensiveIncomeLossASU201601adoptionimpactonSecuritiesArisingDuringPeriod
-5000000 USD
CY2018 utx Other Comprehensive Income Loss Asu201601adoptionimpactonforeigncurrencytranslation Arising During Period
OtherComprehensiveIncomeLossASU201601adoptionimpactonforeigncurrencytranslationArisingDuringPeriod
0 USD
CY2017Q4 utx Other Long Term Debt Fair Market Value Adjustments
OtherLongTermDebtFairMarketValueAdjustments
-25000000 USD
CY2018Q4 utx Other Long Term Debt Fair Market Value Adjustments
OtherLongTermDebtFairMarketValueAdjustments
-348000000 USD
CY2018Q4 utx Partner Share Individual Program Maximum
PartnerShareIndividualProgramMaximum
0.31
CY2017Q4 utx Percentage Of Inventory For Long Term Contracts Or Programs
PercentageOfInventoryForLongTermContractsOrPrograms
0.63
CY2018Q4 utx Percentage Of Inventory For Long Term Contracts Or Programs
PercentageOfInventoryForLongTermContractsOrPrograms
0.32
CY2017Q4 utx Percentage Of Inventory For Long Term Contracts Scheduled For Delivery Within Succeeding12 Months
PercentageOfInventoryForLongTermContractsScheduledForDeliveryWithinSucceeding12Months
0.38
CY2018Q4 utx Percentage Of Inventory For Long Term Contracts Scheduled For Delivery Within Succeeding12 Months
PercentageOfInventoryForLongTermContractsScheduledForDeliveryWithinSucceeding12Months
0.28
CY2018Q1 utx Previously Recognized Customer Fundingto Contract Liability
PreviouslyRecognizedCustomerFundingtoContractLiability
850000000 USD
CY2017Q4 utx Principal Long Term Debt
PrincipalLongTermDebt
27118000000 USD
CY2018Q4 utx Principal Long Term Debt
PrincipalLongTermDebt
44416000000 USD
CY2018 utx Pro Forma Nonrecurring Adjustment Inclusionof Be Aerospace
ProFormaNonrecurringAdjustmentInclusionofBEAerospace
0 USD
CY2017 utx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsVestedInPeriodTotalFairValue
138000000 USD
CY2018 utx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsVestedInPeriodTotalFairValue
149000000 USD
CY2017Q4 utx Short Term Debt Weighted Average Interest Rate Avg Outstanding
ShortTermDebtWeightedAverageInterestRateAvgOutstanding
0.011
CY2018Q4 utx Short Term Debt Weighted Average Interest Rate Avg Outstanding
ShortTermDebtWeightedAverageInterestRateAvgOutstanding
0.015
CY2017Q4 utx Total Debt Weighted Average Interest Rate Avg Outstanding
TotalDebtWeightedAverageInterestRateAvgOutstanding
0.035
CY2018Q4 utx Total Debt Weighted Average Interest Rate Avg Outstanding
TotalDebtWeightedAverageInterestRateAvgOutstanding
0.035
CY2018 utx Proceedsfromsaleof Taylor Company
ProceedsfromsaleofTaylorCompany
1000000000 USD
CY2016 utx Proceedsfromthesaleoftheinvestmentin Watsco Inc.
ProceedsfromthesaleoftheinvestmentinWatscoInc.
0 USD
CY2017 utx Proceedsfromthesaleoftheinvestmentin Watsco Inc.
ProceedsfromthesaleoftheinvestmentinWatscoInc.
596000000 USD
CY2018 utx Proceedsfromthesaleoftheinvestmentin Watsco Inc.
ProceedsfromthesaleoftheinvestmentinWatscoInc.
0 USD
CY2017 utx Product Warranty Accrual Other
ProductWarrantyAccrualOther
9000000 USD
CY2018 utx Product Warranty Accrual Other
ProductWarrantyAccrualOther
192000000 USD
CY2017Q4 utx Progress Payments Netted Against Inventory For Long Term Contracts Or Programs Excluding Government
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrProgramsExcludingGovernment
9337000000 USD
CY2018Q4 utx Progress Payments Netted Against Inventory For Long Term Contracts Or Programs Excluding Government
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrProgramsExcludingGovernment
0 USD
CY2017Q4 utx Progress Payments Netted Against Inventory For Long Term Us Government Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermUSGovernmentContractsOrPrograms
236000000 USD
CY2018Q4 utx Progress Payments Netted Against Inventory For Long Term Us Government Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermUSGovernmentContractsOrPrograms
0 USD
CY2018 utx Reclassificationfrom Oc Icurrentperiod Asu201601adoptionimpact
ReclassificationfromOCIcurrentperiodASU201601adoptionimpact
-5000000 USD
CY2018Q4 utx Revenue Remaining Performance Obligationstoberecognizedwithin24months
RevenueRemainingPerformanceObligationstoberecognizedwithin24months
0.46
CY2016 utx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsVestedInPeriodTotalFairValue
165000000 USD
CY2016 utx United States Export Sales
UnitedStatesExportSales
10827000000 USD
CY2017 utx United States Export Sales
UnitedStatesExportSales
11124000000 USD
CY2018 utx United States Export Sales
UnitedStatesExportSales
14228000000 USD
CY2016 utx United States Government Sales
UnitedStatesGovernmentSales
5626000000 USD
CY2017 utx United States Government Sales
UnitedStatesGovernmentSales
5798000000 USD
CY2018 utx United States Government Sales
UnitedStatesGovernmentSales
7443000000 USD
CY2018 us-gaap Description Of Net Investment Hedge Activity
DescriptionOfNetInvestmentHedgeActivity
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have approximately </font><font style="font-family:inherit;font-size:10pt;">&#8364;4.95 billion</font><font style="font-family:inherit;font-size:10pt;"> of euro-denominated long-term debt and </font><font style="font-family:inherit;font-size:10pt;">&#8364;750 million</font><font style="font-family:inherit;font-size:10pt;"> of euro-denominated commercial paper borrowings outstanding, which qualify as a net investment hedge against our investments in European businesses</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">. </font><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31,&#160;2018</font><font style="font-family:inherit;font-size:10pt;">, the net investment hedge is deemed to be effective. </font></div></div>
CY2018 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Product Performance Obligations. </font><font style="font-family:inherit;font-size:10pt;">We extend performance and operating cost guarantees beyond our normal service and warranty policies for extended periods on some of our products, particularly commercial aircraft engines. Liability under such guarantees is based upon future product performance and durability. We accrue for such costs that are probable and can be reasonably estimated. In addition, we incur discretionary costs to service our products in connection with product performance issues. The costs associated with these product performance and operating cost guarantees require estimates over the full terms of the agreements, and require management to consider factors such as the extent of future maintenance requirements and the future cost of material and labor to perform the services. These cost estimates are largely based upon historical experience. See Note 17 for further discussion.</font></div></div>
CY2018 us-gaap Revenue Recognition Incentives
RevenueRecognitionIncentives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:40px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cash Payments to Customers: </font><font style="font-family:inherit;font-size:10pt;">Carrier customarily offers its customers incentives to purchase products to ensure an adequate supply of its products in the distribution channels. The principal incentive program provides reimbursements to distributors for offering promotional pricing for our products. We account for incentive payments made as a reduction in sales. In our aerospace businesses, we may make participation payments to certain customers to secure certain contractual rights. To the extent these rights are incremental and are supported by the incremental cash flows obtained, they are capitalized as intangible assets. Otherwise, such payments are recorded as a reduction in sales. We classify the subsequent amortization of the capitalized acquired intangible assets from our customers as a reduction in sales. Contractually stated prices in arrangements with our customers that include the acquisition of intangible rights within the scope of the Intangibles - Goodwill and Other</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">Topic of the FASB ASC and deliverables within the scope of the Revenue Recognition Topic of the FASB ASC are not presumed to be representative of fair value for determining the amounts to allocate to each element of an arrangement.</font></div></div>

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