Item 16. Form 10-K Summary
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Item 16. Form 10-K Summary
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| UNITED TECHNOLOGIES CORPORATION | |||||||||||
| (Registrant) | |||||||||||
| By: | /s/ NEIL G. MITCHILL, JR. | ||||||||||
| Neil G. Mitchill, Jr. | |||||||||||
| Acting Senior Vice President & Chief Financial Officer | |||||||||||
| By: | /s/ ROBERT J. BAILEY | ||||||||||
| Robert J. Bailey | |||||||||||
| Corporate Vice President, Controller |
Date: February 6, 2020
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| Signature | Title | Date | ||||||||||||
| /s/ GREGORY J. HAYES | Director, Chairman, President and Chief Executive Officer (Principal Executive Officer) | February 6, 2020 | ||||||||||||
| (Gregory J. Hayes) | ||||||||||||||
| /s/ NEIL G. MITCHILL, JR. | Acting Senior Vice President & Chief Financial Officer (Principal Financial Officer) | February 6, 2020 | ||||||||||||
| (Neil G. Mitchill, Jr.) | ||||||||||||||
| /s/ ROBERT J. BAILEY | Corporate Vice President, Controller (Principal Accounting Officer) | February 6, 2020 | ||||||||||||
| (Robert J. Bailey) | ||||||||||||||
| /s/ LLOYD J. AUSTIN III * | Director | |||||||||||||
| (Lloyd J. Austin III) | ||||||||||||||
| Director | ||||||||||||||
| (Diane M. Bryant) | ||||||||||||||
| /s/ JOHN V. FARACI * | Director | |||||||||||||
| (John V. Faraci) | ||||||||||||||
| /s/ JEAN-PIERRE GARNIER * | Director | |||||||||||||
| (Jean-Pierre Garnier) | ||||||||||||||
| /s/ CHRISTOPHER J. KEARNEY * | Director | |||||||||||||
| (Christopher J. Kearney) | ||||||||||||||
| /s/ ELLEN J. KULLMAN * | Director | |||||||||||||
| (Ellen J. Kullman) | ||||||||||||||
| /s/ MARSHALL O. LARSEN * | Director | |||||||||||||
| (Marshall O. Larsen) | ||||||||||||||
| /s/ HAROLD W. MCGRAW III * | Director | |||||||||||||
| (Harold W. McGraw III) | ||||||||||||||
| /s/ MARGARET L. O'SULLIVAN * | Director | |||||||||||||
| (Margaret L. O'Sullivan) | ||||||||||||||
| /s/ DENISE L. RAMOS * | Director | |||||||||||||
| (Denise L. Ramos) | ||||||||||||||
| /s/ FREDRIC G. REYNOLDS * | Director | |||||||||||||
| (Fredric G. Reynolds) | ||||||||||||||
| /s/ BRIAN C. ROGERS * | Director | |||||||||||||
| (Brian C. Rogers) | ||||||||||||||
| *By: | /s/ CHARLES D. GILL | ||||
| Charles D. Gill Executive Vice President & General Counsel, as Attorney-in-Fact |
Date: February 6, 2020
SCHEDULE I
Report of Independent Registered Public Accounting Firm on
Financial Statement Schedule
To the Shareowners and Board of Directors of United Technologies Corporation
Our audits of the consolidated financial statements referred to in our report dated February 6, 2020 appearing in the 2019 Annual Report to Shareowners of United Technologies Corporation (which report and consolidated financial statements are incorporated by reference in this Annual Report on Form 10-K) also included an audit of the financial statement schedule listed in Item 15(a)(2) of this Form 10-K. In our opinion, this financial statement schedule presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements.
/s/ PricewaterhouseCoopers LLP
Hartford, Connecticut
February 6, 2020
I
SCHEDULE II
UNITED TECHNOLOGIES CORPORATION AND SUBSIDIARIES
Valuation and Qualifying Accounts
Three years ended December 31, 2019
(Millions of Dollars)
| Allowances for Doubtful Accounts and Other Customer Financing Activity: | ||||||||
| Balance, December 31, 2016 | $ | 467 | ||||||
| Provision charged to income | 88 | |||||||
| Doubtful accounts written off (net) | (82) | |||||||
| Other adjustments | (17) | |||||||
| Balance, December 31, 2017 | 456 | |||||||
| Provision charged to income | 54 | |||||||
| Doubtful accounts written off (net) | (37) | |||||||
| Other adjustments | 15 | |||||||
| Balance, December 31, 2018 | 488 | |||||||
| Provision charged to income | 84 | |||||||
| Doubtful accounts written off (net) | (113) | |||||||
| Other adjustments | (70) | |||||||
| Balance, December 31, 2019 | $ | 389 | ||||||
| Future Income Tax Benefits—Valuation allowance: | ||||||||
| Balance, December 31, 2016 | $ | 545 | ||||||
| Additions charged to income tax expense | 45 | |||||||
| Additions charged to goodwill, due to acquisitions | — | |||||||
| Reductions credited to income tax expense | (29) | |||||||
| Other adjustments | 21 | |||||||
| Balance, December 31, 2017 | 582 | |||||||
| Additions charged to income tax expense | 61 | |||||||
| Additions charged to goodwill, due to acquisitions | 25 | |||||||
| Reductions credited to income tax expense | (25) | |||||||
| Other adjustments | (38) | |||||||
| Balance, December 31, 2018 | 605 | |||||||
| Additions charged to income tax expense | 117 | |||||||
| Additions charged to goodwill, due to acquisitions | 2 | |||||||
| Reductions credited to income tax expense | (15) | |||||||
| Other adjustments | (93) | |||||||
| Balance, December 31, 2019 | $ | 616 |
II
Previous: Item 15. Exhibits and Financial Statement Schedules