Otis Worldwide Corp
For the period ended Dec 31, 2024. Filed Feb 4, 2025.
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FY2024 · Filed Feb 4, 2025
OTIS$78.13-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| (dollars in millions) | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $2,300 | $1,274 |
| Accounts receivable (net of allowance for expected credit losses of $125 and $130) | 3,428 | 3,538 |
| Contract assets | 706 | 717 |
| Inventories | 557 | 612 |
| Other current assets | 679 | 259 |
| Total Current Assets | 7,670 | 6,400 |
| Future income tax benefits | 302 | 323 |
| Fixed assets, net | 701 | 727 |
| Operating lease right-of-use assets | 422 | 416 |
| Intangible assets, net | 311 | 335 |
| Goodwill | 1,548 | 1,588 |
| Other assets | 362 | 328 |
| Total Assets | $11,316 | $10,117 |
| Liabilities and Equity (Deficit) | ||
| Short-term borrowings and current portion of long-term debt | $1,351 | $32 |
| Accounts payable | 1,879 | 1,878 |
| Accrued liabilities | 1,921 | 1,873 |
| Contract liabilities | 2,598 | 2,696 |
| Total Current Liabilities | 7,749 | 6,479 |
| Long-term debt | 6,973 | 6,866 |
| Future pension and postretirement benefit obligations | 434 | 462 |
| Operating lease liabilities | 298 | 292 |
| Future income tax obligations | 207 | 245 |
| Other long-term liabilities | 383 | 493 |
| Total Liabilities | 16,044 | 14,837 |
| Commitments and contingent liabilities (Note 21) | ||
| Redeemable noncontrolling interest | 57 | 135 |
| Shareholders' Equity (Deficit): | ||
| Common Stock and additional paid-in-capital | 265 | 213 |
| Treasury Stock | (3,390) | (2,382) |
| Accumulated deficit | (978) | (2,005) |
| Accumulated other comprehensive income (loss) | (745) | (750) |
| Total Shareholders' Equity (Deficit) | (4,848) | (4,924) |
| Noncontrolling interest | 63 | 69 |
| Total Equity (Deficit) | (4,785) | (4,855) |
| Total Liabilities and Equity (Deficit) | $11,316 | $10,117 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.