v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net sales:        
Net sales $ 3,859 $ 3,595 $ 7,425 $ 6,945
Costs and expenses:        
Research and development 39 38 77 75
Selling, general and administrative 520 499 1,030 963
Costs and expenses 3,282 3,043 6,314 5,893
Other income (expense), net (2) (5) 3 (94)
Operating profit 575 547 1,114 958
Non-service pension cost (benefit) 2 0 2 0
Interest expense (income), net 26 26 85 71
Net income before income taxes 547 521 1,027 887
Income tax expense (benefit) 98 98 225 208
Net income 449 423 802 679
Less: Noncontrolling interest in subsidiaries' earnings 21 30 34 43
Net income attributable to Otis Worldwide Corporation $ 428 $ 393 $ 768 $ 636
Earnings per share (Note 2):        
Basic (in usd per share) $ 1.12 $ 1.00 $ 1.99 $ 1.61
Diluted (in usd per share) $ 1.12 $ 0.99 $ 1.99 $ 1.60
Weighted average number of shares outstanding:        
Basic shares (in shares) 382.6 393.7 385.2 395.1
Diluted shares (in shares) 383.5 395.8 386.4 397.3
Product sales        
Net sales:        
Net sales $ 1,279 $ 1,276 $ 2,428 $ 2,439
Costs and expenses:        
Cost of sales 1,081 1,066 2,039 2,042
Service sales        
Net sales:        
Net sales 2,580 2,319 4,997 4,506
Costs and expenses:        
Cost of sales $ 1,642 $ 1,440 $ 3,168 $ 2,813