v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales:        
Net sales $ 3,595 $ 3,601 $ 6,945 $ 7,038
Costs and expenses:        
Research and development 38 39 75 75
Selling, general and administrative 499 449 963 911
Costs and expenses 3,043 3,010 5,893 5,917
Other income (expense), net (5) (21) (94) (7)
Operating profit 547 570 958 1,114
Non-service pension cost (benefit) 0 (1) 0 (1)
Interest expense (income), net 26 27 71 71
Net income before income taxes 521 544 887 1,044
Income tax expense (benefit) 98 94 208 220
Net income 423 450 679 824
Less: Noncontrolling interest in subsidiaries' earnings 30 35 43 56
Net income attributable to Otis Worldwide Corporation $ 393 $ 415 $ 636 $ 768
Earnings per share (Note 2):        
Basic (in usd per share) $ 1.00 $ 1.03 $ 1.61 $ 1.90
Diluted (in usd per share) $ 0.99 $ 1.02 $ 1.60 $ 1.89
Weighted average number of shares outstanding:        
Basic shares (in shares) 393.7 402.9 395.1 404.0
Diluted shares (in shares) 395.8 405.5 397.3 406.8
Product sales        
Net sales:        
Net sales $ 1,276 $ 1,421 $ 2,439 $ 2,701
Costs and expenses:        
Cost of sales 1,066 1,168 2,042 2,235
Service sales        
Net sales:        
Net sales 2,319 2,180 4,506 4,337
Costs and expenses:        
Cost of sales $ 1,440 $ 1,354 $ 2,813 $ 2,696