| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 353 | 384 | 392 | 423 |
| Depreciation and amortization | 41 | 45 | 44 | 44 |
| Deferred income tax expense (benefit) | 4 | -2 | -28 | -74 |
| Stock compensation cost | 19 | 17 | 19 | 23 |
| Gain from reversal of german tax litigation interest accrual (note 1) | NaN | 0 | 0 | NaN |
| Accounts receivable, net | 229 | -80 | 45 | 42 |
| Contract assets and liabilities, current | -432 | 87 | 54 | 190 |
| Inventories | 58 | -27 | 37 | -3 |
| Other current assets | -137 | -149 | -66 | -12 |
| Accounts payable | -176 | 374 | 19 | 69 |
| Accrued liabilities | -117 | -161 | -2 | 11 |
| Pension contributions | 11 | 7 | 9 | 9 |
| Other operating activities, net | 18 | -2 | 9 | -55 |
| Net cash flows provided by (used in) operating activities | 413 | 817 | 374 | 215 |
| Capital expenditures | 33 | 45 | 37 | 36 |
| Acquisitions of businesses and intangible assets, net of cash (note 5) | 3 | 17 | 10 | 46 |
| Net proceeds from the sale of fixed assets | NaN | 25 | 1 | 34 |
| Proceeds from sale of (investments in) marketable securities, net | NaN | 0 | 0 | NaN |
| Receipts (payments) on settlements of derivative contracts | -49 | -7 | 11 | 107 |
| Other investing activities, net | -2 | 0 | -1 | 4 |
| Net cash flows provided by (used in) investing activities | 15 | -30 | -56 | -159 |
| Net proceeds from (repayments of) borrowings (maturities of 90 days or less) | 29 | -273 | -225 | 484 |
| Proceeds from borrowings (maturities longer than 90 days) | NaN | 135 | 32 | NaN |
| Proceeds from issuance of long-term debt | NaN | 0 | 500 | NaN |
| Payment of debt issuance costs | NaN | 0 | 5 | NaN |
| Repayment of long-term debt | 135 | 0 | 0 | 1,300 |
| Dividends paid on common stock | 163 | 164 | 164 | 164 |
| Repurchases of common stock | 400 | 0 | 248 | 308 |
| Acquisition of noncontrolling interest shares | 10 | 217 | 0 | 0 |
| Dividends paid to noncontrolling interest | 3 | 7 | 57 | 3 |
| Other financing activities, net | -12 | -5 | -1 | -3 |
| Net cash flows provided by (used in) financing activities | -694 | -531 | -168 | -1,294 |
| Effect of exchange rate changes on cash and cash equivalents | 5 | -4 | 0 | 12 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -261 | 252 | 150 | -1,226 |
| Cash, cash equivalents and restricted cash, beginning of year | 1,105 | 853 | 703 | 1,929 |
| Cash, cash equivalents and restricted cash, end of period | 844 | 1,105 | 853 | 703 |
| Less restricted cash | 10 | NaN | NaN | NaN |
| Cash and cash equivalents, end of period | 834 | NaN | NaN | NaN |
Otis Worldwide Corp (OTIS)
Otis Worldwide Corp (OTIS)