| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities of Continuing Operations: | ||||||||||||
Net income attributable to common shareowners | ||||||||||||
- | - | - | - | - | - | - | 5,130 | 4,979 | 4,373 | 3,829 | 4,689 | 4,224 |
Noncontrolling interest in subsidiaries' earnings | ||||||||||||
- | - | - | - | - | - | - | 360 | 395 | 338 | 350 | 364 | 324 |
Net income | ||||||||||||
- | - | - | - | - | - | - | 5,490 | 5,374 | 4,711 | 4,179 | 5,053 | 4,548 |
Less: Net income from discontinued operations | ||||||||||||
- | - | - | - | - | - | - | 290 | 158 | 188 | - | - | - |
Net Income from operations | ||||||||||||
5,948 | 5,654 | 4,920 | 5,436 | 4,356 | 6,468 | 5,655 | 5,200 | 5,216 | 4,523 | - | - | - |
Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations: | ||||||||||||
Depreciation and amortization | ||||||||||||
3,783 | 2,433 | 2,140 | 1,962 | 1,863 | 1,820 | 1,735 | 1,524 | 1,263 | 1,300 | 1,258 | 1,321 | 1,173 |
Deferred income tax provision | ||||||||||||
35 | 735 | 62 | 398 | 662 | 403 | 268 | 120 | 334 | 425 | 451 | 45 | 58 |
Stock compensation cost | ||||||||||||
356 | 251 | 192 | 152 | 158 | 219 | 250 | 210 | 221 | 148 | 153 | 211 | 198 |
Net periodic pension and other postretirement benefit | ||||||||||||
-525 | -393 | -158 | - | - | - | - | - | - | - | - | - | - |
Portfolio separation tax cost | ||||||||||||
634 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Gain on sale of Taylor Company | ||||||||||||
0 | 799 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Change in: | ||||||||||||
Accounts receivable | ||||||||||||
-419 | 2,426 | 448 | 941 | 438 | -111 | 476 | 165 | 697 | 313 | -955 | 546 | 534 |
Contract assets, current | ||||||||||||
307 | 604 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Inventories | ||||||||||||
1,216 | 537 | 1,074 | 719 | 766 | 636 | 465 | 539 | 330 | 259 | -695 | 562 | 1,111 |
Other current assets | ||||||||||||
309 | -161 | 101 | -49 | 55 | 115 | -72 | 4 | 24 | 20 | 3 | -35 | -44 |
Accounts payable and accrued liabilities | ||||||||||||
1,229 | 2,446 | 1,571 | 450 | 490 | -89 | 1,023 | 811 | 760 | 1,168 | -582 | 843 | 1,633 |
Contract liabilities, current | ||||||||||||
359 | 205 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Global pension contributions | ||||||||||||
118 | 147 | 2,112 | 303 | 147 | 517 | 108 | 430 | 551 | 1,299 | 1,270 | 193 | 182 |
Canadian Government Settlement | ||||||||||||
-38 | -429 | -285 | -237 | 867 | 0 | 0 | - | - | - | - | - | - |
Other operating activities, net | ||||||||||||
961 | 33 | 655 | -165 | 235 | 685 | 640 | 122 | -268 | -47 | 483 | -46 | -497 |
Net cash flows provided by operating activities of continuing operations | ||||||||||||
8,883 | 6,322 | 5,631 | 6,412 | 6,755 | 6,979 | 7,314 | 6,605 | 6,460 | 5,720 | 5,353 | 6,161 | 5,330 |
Investing Activities of Continuing Operations: | ||||||||||||
Capital expenditures | ||||||||||||
2,256 | 1,902 | 2,014 | 1,699 | 1,652 | 1,594 | 1,569 | 1,389 | 929 | 838 | 826 | 1,216 | 1,153 |
Decrease in customer financing assets | ||||||||||||
129 | 606 | 222 | 217 | 117 | 331 | 108 | 75 | 92 | 162 | 80 | 138 | 272 |
Investments in businesses | ||||||||||||
56 | 15,398 | 231 | 710 | 538 | 402 | 151 | 16,026 | 357 | 2,742 | 703 | 1,252 | 2,037 |
Dispositions of businesses | ||||||||||||
138 | 1,105 | 70 | 211 | 200 | 344 | 1,560 | 425 | 494 | 205 | 158 | 337 | 298 |
Increase in customer financing assets | ||||||||||||
787 | 988 | 1,197 | 438 | 364 | 202 | 242 | 100 | 42 | 219 | 171 | 285 | 411 |
Proceeds from the sale of the investment in Watsco Inc. | ||||||||||||
0 | 0 | 596 | 0 | 0 | - | - | - | - | - | - | - | - |
Increase in collaboration intangible assets | ||||||||||||
351 | 400 | 380 | 388 | 437 | 593 | 722 | 1,543 | 0 | 0 | - | - | - |
Payments (receipts) from settlements of derivative contracts | ||||||||||||
-336 | -143 | 317 | -249 | -160 | -93 | 323 | - | - | - | - | - | - |
Other investing activities, net | ||||||||||||
245 | 139 | -232 | -49 | 280 | -56 | -16 | 237 | -70 | -282 | -358 | 58 | 151 |
Net cash flows used in investing activities of continuing operations | ||||||||||||
-3,092 | -16,973 | -3,019 | -2,509 | -2,794 | -1,967 | -1,323 | -18,795 | -672 | -3,150 | -1,104 | -2,336 | -3,182 |
Proceeds from Issuance of Long-term Debt | ||||||||||||
88 | 13,455 | 4,954 | 6,469 | 1,744 | 98 | 89 | 10,899 | 59 | 2,362 | 37 | 2,248 | 1,032 |
Repayments of Long-term Debt | ||||||||||||
2,830 | 2,520 | 1,604 | 2,452 | 1,764 | 304 | 2,864 | 842 | 616 | 1,751 | 1,012 | 48 | 330 |
(Decrease) increase in short-term borrowings, net | ||||||||||||
927 | -356 | -271 | -331 | 795 | -346 | -113 | -214 | 562 | -141 | -762 | 91 | 191 |
Proceeds from Issuance of Common Stock - Equity unit settlement | ||||||||||||
- | - | - | - | 1,100 | 0 | 0 | - | - | - | - | - | - |
Proceeds from Common Stock issued under employee stock plans | ||||||||||||
27 | 36 | 31 | 13 | 41 | 187 | 378 | 522 | 226 | 386 | 342 | 163 | 415 |
Dividends paid on Common Stock | ||||||||||||
2,442 | 2,170 | 2,074 | 2,069 | 2,184 | 2,048 | 1,908 | 1,752 | 1,602 | 1,482 | 1,356 | 1,210 | 1,080 |
Repurchase of Common Stock | ||||||||||||
151 | 325 | 1,453 | 2,254 | 10,000 | 1,500 | 1,200 | 0 | 2,175 | 2,200 | 1,100 | 3,160 | 2,001 |
Other financing activities, net | ||||||||||||
-183 | -155 | -576 | -564 | -508 | -336 | -313 | -592 | -437 | -314 | -340 | -322 | -182 |
Net cash flows used in financing activities of continuing operations | ||||||||||||
-4,564 | 7,965 | -993 | -1,188 | -10,776 | -4,249 | -5,931 | 8,021 | -3,983 | -3,140 | -4,191 | -2,238 | -1,955 |
Discontinued Operations: | ||||||||||||
Net cash used in operating activities | ||||||||||||
- | - | - | -2,532 | -372 | 342 | -437 | 41 | 130 | 186 | - | - | - |
Net cash provided by investing activities | ||||||||||||
- | - | - | 6 | 9,000 | -113 | 210 | 2,974 | -35 | -37 | - | - | - |
Cash used in financing activities, discontinued operations | ||||||||||||
- | - | - | - | -9 | -12 | -9 | - | -22 | -13 | - | - | - |
Net cash flows (used in) provided by discontinued operations | ||||||||||||
- | - | - | -2,526 | 8,619 | 217 | -236 | 3,015 | 73 | 136 | - | - | - |
Effect of Exchange Rate on Cash and Cash Equivalents [Abstract] | ||||||||||||
Effect of foreign exchange rate changes on cash and cash equivalents | ||||||||||||
-19 | -120 | 210 | -120 | -174 | -156 | -41 | 30 | -1 | 68 | 64 | -164 | 165 |
Net increase in cash, cash equivalents and restricted cash | ||||||||||||
1,208 | -2,806 | 1,829 | 69 | 1,630 | 824 | -217 | -1,124 | 1,877 | -366 | 122 | 1,423 | 358 |
Contributions of UTC Common Stock to domestic defined benefit pension plans | ||||||||||||
- | - | - | - | 250 | 0 | 0 | - | 450 | 250 | 0 | 250 | - |
Increase (Decrease) in Deferred Income Taxes | ||||||||||||
-406 | -195 | 1,579 | - | - | - | - | - | - | - | - | - | - |
Interest paid, net of amounts capitalized | ||||||||||||
1,801 | 1,027 | 974 | 1,157 | 1,057 | 1,076 | 1,045 | 725 | 642 | 753 | 704 | 659 | 629 |
Income taxes paid, net of refunds | ||||||||||||
1,768 | 1,714 | 1,326 | 4,096 | 2,060 | 2,024 | 2,789 | 1,772 | 1,432 | 1,222 | 1,396 | 1,912 | 1,818 |