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Total Assets Capital Expenditures Depreciation & Amortization
(in millions of dollars) 2008 2007 2006 2008 2007 2006 2008 2007 2006
Otis $ 7,731 $ 7,721 $ 6,973 $ 150 $ 136 $ 93 $ 203 $ 186 $ 183
Carrier 10,810 10,335 10,127 191 181 148 194 188 157
UTC Fire & Security 10,022 11,143 8,518 95 101 106 238 202 176
Pratt & Whitney 9,650 9,273 9,828 412 384 335 368 307 280
Hamilton Sundstrand 8,648 8,965 9,418 141 160 142 178 163 142
Sikorsky 3,985 3,412 3,145 165 128 66 62 52 47
Total segment 50,846 50,849 48,009 1,154 1,090 890 1,243 1,098 985
Eliminations & Other15,623 3,726 (868) 62 63 64 78 75 48
Consolidated $56,469 $54,575 $47,141 $1,216 $1,153 $954 $1,321 $1,173 $1,033
1The asset increase from 2007 to 2008 primarily reflects the increase in cash and cash equivalents held at UTC Corporate. The asset increase from 2006 to 2007 reflects management’s decision to transfer domestic pension
asset and liability balances from the segments to UTC Corporate.
Geographic External Revenues and Operating Profit. Geographic external revenues and operating profits are attributed to the geographic regions based on their location of origin. U.S. external
revenues include export sales to commercial customers outside the United States and sales to the U.S. government, commercial and affiliated customers, which are known to be for resale to customers
outside the United States. Long-lived assets are net fixed assets attributed to the specific geographic regions.
External Revenues Operating Profits Long-Lived Assets
(in millions of dollars) 2008 2007 2006 2008 2007 2006 2008 2007 2006
United States Operations $27,965 $26,462 $23,524 $3,945 $3,508 $3,067 $3,198 $3,109 $2,939
International Operations
Europe 15,819 14,341 12,069 2,219 2,204 1,731 1,347 1,356 1,130
Asia Pacific 8,212 7,991 7,056 1,037 1,041 814 800 762 717
Other 6,416 5,605 4,809 833 743 637 671 803 698
Eliminations & Other 269 360 371 (409) (446) (151) 332 266 241
Consolidated $58,681 $54,759 $47,829 $7,625 $7,050 $6,098 $6,348 $6,296 $5,725
Revenues from U.S. operations include export sales as follows:
(in millions of dollars) 2008 2007 2006
Europe $2,118 $1,782 $1,448
Asia Pacific 2,052 2,221 1,629
Other 2,865 2,225 1,771
$7,035 $6,228 $4,848
Major Customers. Revenues include sales under prime contracts and subcontracts to the U.S.
government, primarily related to Pratt & Whitney, Hamilton Sundstrand and Sikorsky
products, as follows:
(in millions of dollars) 2008 2007 2006
Pratt & Whitney $3,547 $3,583 $3,652
Hamilton Sundstrand 1,089 948 934
Sikorsky 3,063 2,774 1,819
Other 35 39 40
$7,734 $7,344 $6,445
2008 Annual Report 89