Income StatementBalance SheetCash FlowSegments
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Otis Worldwide Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Otis Worldwide holds $10.5B in total assets. Shareholders' equity is -$5.7B against $7.8B in total debt. Cash and equivalents total $844.0M. The current ratio is 0.837 and debt-to-equity is -1.37. Based on the Q1 2026 filing.

Total Assets$10.5BTotal Stockholders Equity-$5.7BLong Term Debt$6.9BCash And Equivalents$844.0MTotal Current Assets$6.5BTotal Current Liabilities$7.7B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$27.3B
P/E Ratio18.43
ROE-27.41%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$1.9B$1.6B$1.7B$1.8B$2.1B$2.0B
Accrued compensation$579.0M———$605.0M—
Accrued expenses$238.0M$1.9B$2.0B$2.0B$240.0M$1.7B
Accrued interest$147.0M———$129.0M—
Accrued Progress Collections and Price Adjustments$38.0M$38.0M$32.0M$29.0M$29.0M$30.0M
Other Commercial Liabilities$1.9B$1.9B$2.0B$2.0B$1.8B$1.7B
Contract liabilities$38.0M$38.0M$32.0M$29.0M$29.0M$30.0M
Accrued Income Taxes, Current$75.0M———$75.0M—
Accrued Liabilities, Current$1.9B$1.9B$2.0B$2.0B$1.8B$1.7B
Current portion of long-term debt$51.0M$40.0M$528.0M$348.0M$215.0M$244.0M
Deferred revenue$2.6B$2.9B$2.8B$2.8B$2.6B$3.1B
Income taxes payable$75.0M———$75.0M—
Operating Lease Liability Payments - 2024 (Lessee)$117.0M———$153.0M—
Operating Lease Liability Payments - 2025 (Lessee)$49.0M———$73.0M—
Lease Liability Payments - Due Year Two$117.0M———$153.0M—
Lease Liability Payments - Due Year Three$81.0M———$116.0M—
Lease Liability Payments - Due Year Four$49.0M———$73.0M—
Lease Liability Payments - Remainder of Fiscal Year$151.0M———$178.0M—
Operating lease liabilities, current$120.0M———$158.0M—
Operating Lease Liability Payments Due$455.0M———$605.0M—
Operating Lease Liability - Undiscounted Excess Amount$37.0M———$50.0M—
Restructuring Reserve$37.0M$55.0M$65.0M$83.0M$74.0M$54.0M
Short-term borrowings$51.0M$40.0M$528.0M$348.0M$135.0M$244.0M
Short-Term Debt - Weighted-Average Interest Rate2.7%2.7%2.8%3.0%3.0%3.0%
Standard Product Warranty Accrual$16.0M$15.0M$12.0M$11.0M$10.0M$9.0M
Supplier Finance Program Obligations71400000000.0%55500000000.0%59800000000.0%59400000000.0%83100000000.0%64200000000.0%
Total current liabilities$7.7B$7.9B$7.2B$7.1B$7.7B$7.7B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$3.6B$3.7B$3.8B$3.9B$3.7B$3.9B
Allowance for Doubtful Accounts$125.0M$119.0M$121.0M$126.0M$125.0M$125.0M
Allowance for Doubtful Accounts Receivable (Current)$125.0M$119.0M$121.0M$126.0M$125.0M$125.0M
Assets held for sale$38.0M$20.0M$4.0M$4.0M$5.0M$4.0M
Cash and cash equivalents$2.3B$1.9B$703.0M$853.0M$80.0M$844.0M
Contract assets$706.0M$690.0M$769.0M$803.0M$699.0M$751.0M
Finished goods$423.0M$459.0M$473.0M$498.0M$474.0M$526.0M
Other current assets$679.0M$671.0M$632.0M$577.0M$405.0M$290.0M
Finished goods$423.0M$459.0M$473.0M$498.0M$474.0M$526.0M
Raw materials$134.0M$127.0M$129.0M$142.0M$139.0M$143.0M
Inventories$557.0M$586.0M$602.0M$640.0M$613.0M$669.0M
Other Inventory, Net$82.0M$85.0M$89.0M$89.0M$84.0M$78.0M
Prepaid expenses and other current assets$679.0M$671.0M$632.0M$577.0M$405.0M$290.0M
Restricted cash$21.0M$11.0M$15.0M$13.0M$9.0M$10.0M
Total current assets$7.7B$7.4B$6.4B$6.6B$6.5B$6.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Employee Benefits (Non-Current)-$312.0M———-$284.0M—
Contract Liabilities, Non-Current$38.0M$38.0M$32.0M$29.0M$29.0M$30.0M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$45.0M$42.0M$40.0M$43.0M$41.0M$39.0M
Deferred tax liabilities$203.0M———$221.0M—
Defined Benefit Pension Plan Liabilities (Non-Current)$609.0M$432.0M$454.0M$458.0M$455.0M$416.0M
Operating Lease Liability Payments - 2026 (Lessee)$81.0M———$116.0M—
Operating Lease Liability Payments - 2027 (Lessee)$25.0M———$38.0M—
Operating Lease Liability Payments - 2028 (Lessee)$49.0M———$73.0M—
Operating Lease Liability Payments - 2029 (Lessee)$25.0M———$38.0M—
Lease Liability Payments - Due After Year Five$32.0M———$47.0M—
Operating Lease Liability Payments - Thereafter (Lessee)$32.0M———$47.0M—
Long-term debt$7.0B$6.9B$7.1B$7.6B$6.9B$6.9B
Accrued expenses and other liabilities$238.0M———$240.0M—
Deferred revenue, net of current portion$38.0M$38.0M$32.0M$29.0M$29.0M$30.0M
Retirement and nonpension postretirement benefit obligations$434.0M$432.0M$454.0M$458.0M$419.0M$416.0M
Operating lease liabilities, non-current$298.0M$319.0M$375.0M$404.0M$397.0M$400.0M
Operating Lease Liabilities (Total)$418.0M———$555.0M—
Other non-current liabilities$383.0M$386.0M$339.0M$328.0M$329.0M$333.0M
Total Carrying Value of Debt$8.3B$8.4B$7.3B$7.8B$7.8B$7.6B
Total liabilities$16.0B$16.2B$15.7B$16.1B$15.9B$16.0B
Unrecognized Tax Benefits$149.0M———$152.0M—
Unrecognized Tax Benefits - Impacting Effective Tax Rate$149.0M———$152.0M—

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$745.0M-$871.0M-$1.1B-$1.1B-$1.1B-$1.0B
AOCI - Cash Flow Hedge Adjustment$3.0M$3.0M-$5.0M-$2.0M$1.0M$3.0M
AOCI - Defined Benefit Plan Net Gains/Losses-$98.0M———-$38.0M—
AOCI - Defined Benefit Plan Prior Service Cost$1.0M———$5.0M—
Common stock2B2B2B2B2B2B
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued438.6M439.1M439.2M439.3M439.4M439.8M
Convertible Preferred Stock Authorized Shares125M125M125M125M125M125M
Convertible Preferred Stock Issued Shares000000
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$265.0M$278.0M$300.0M$320.0M$333.0M$332.0M
Treasury Stock, Value$3.4B$3.6B$3.9B$4.2B$4.2B$4.6B
Noncontrolling interests$63.0M$75.0M$97.0M$69.0M$46.0M$171.0M
Preferred Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Redeemable noncontrolling interests$57.0M$62.0M$66.0M$67.0M$75.0M$74.0M
Retained earnings-$978.0M-$889.0M-$663.0M-$453.0M-$440.0M-$378.0M
Share-Based Payment - Unrecognized Cost of Nonvested Awards$101.0M$148.0M$133.0M$106.0M$83.0M$125.0M
Share Repurchase Authorization Limit$200.0M—$1.5B$1.3B$1.3B$900.0M
Share Repurchase Program - Amount Remaining$200.0M—$1.5B$1.3B$1.3B$900.0M
Shares Reserved for Future Issuance Under Stock Plans19M18M18M18M18M17M
Total liabilities and stockholders' equity$11.3B$11.2B$10.5B$10.8B$10.7B$10.5B
Total stockholders' equity-$4.8B-$5.1B-$5.4B-$5.4B-$5.4B-$5.7B
Treasury stock$3.4B$3.6B$3.9B$4.2B$4.2B$4.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AOCI - Cash Flow Hedge Reclassification (Next 12 Months)-$1.0M$1.0M-$3.0M-$1.0M-$1.0M$2.0M
Deferred Revenue Timing Percentage90.0%90.0%90.0%75.0%75.0%75.0%
Defined Benefit Plan Discount Rate$0.0———$0.0—
Accumulated Benefit Obligation for Plans with ABO in Excess of Assets$353.0M———$367.0M—
Projected Benefit Obligation for Plans with ABO in Excess of Assets$397.0M———$411.0M—
Defined Benefit Plan Amounts Recognized in Balance Sheet-$312.0M———-$284.0M—
Defined Benefit Plan Funded Status-$312.0M———-$284.0M—
Expected Pension Contributions$44.0M———$45.0M—
Allowance for doubtful accounts$125.0M$119.0M$121.0M$126.0M$125.0M$125.0M
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$2.0B$2.0B$2.0B$2.0B$2.0B$2.0B
Common stock, shares issued (in shares)$438.6M$439.1M$439.2M$439.3M$439.4M$439.8M
Contract receivable retainage$57.0M———$58.0M—
Contract with Customer Asset (Liability), Net-$1.9B-$2.2B-$2.1B-$2.0B-$1.9B-$2.4B
Contract with Customer, Asset, after Allowance for Credit Loss$706.0M$690.0M$769.0M$803.0M$699.0M$751.0M
Contract with Customer, Liability$2.6B$2.9B$2.8B$2.8B$2.6B$3.1B
Contractual indemnity obligations$80.0M———$23.0M—
Short-term debt and current portion of long-term debt$1.4B$1.5B$675.0M$492.0M$1.1B$939.0M
Long-term debt, gross$8.3B$8.4B$7.3B$7.8B$7.8B$7.6B
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$49.0M$46.0M$44.0M$47.0M$44.0M$42.0M
Deferred income taxes$207.0M$217.0M$211.0M$210.0M$223.0M$225.0M
Deferred Tax Assets, Net of Valuation Allowance$576.0M———$687.0M—
Deferred Tax Assets, Operating Loss Carryforwards$201.0M———$226.0M—
Other liability basis differences$349.0M———$453.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits$109.0M———$90.0M—
Deferred Tax Assets, Valuation Allowance$250.0M———$256.0M—
Deferred Tax Liabilities, Net$346.0M———$369.0M—
Deferred Tax Liabilities, Other$203.0M———$221.0M—
Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax$99.0M———$43.0M—
Salary scale, pension benefit obligation3.1%———3.0%—
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Weighted-Average Interest Crediting Rate1.8%———2.0%—
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year$44.0M———$45.0M—
Less: Fair value of plan assets at end of period$637.0M———$713.0M—
Fair value of plan assets$280.0M———$119.0M—
Fair value of plan assets$3.0M———$3.0M—
Cost not yet recognized$101.0M$148.0M$133.0M$106.0M$83.0M$125.0M
Finite-Lived Intangible Assets, Accumulated Amortization$1.7B$1.8B$1.9B$1.9B$1.9B$1.9B
2028$45.0M———$40.0M—
2030$33.0M———$32.0M—
2031$30.0M———$29.0M—
2027$60.0M———$46.0M—
2029$39.0M———$35.0M—
Four quarter rolling average of notional amount of contracts hedging commodity purchases$14.0M———$12.0M—
Average of notional amount of foreign exchange contracts hedging foreign currency transactions$5.3B$5.3B$5.5B$5.5B$5.6B$5.8B
Average of notional amount of commodity contracts hedging commodity purchase transactions$14.0M$14.0M$14.0M$14.0M$12.0M$11.0M
Indefinite- lived intangible impairment$2.0B$2.1B$2.2B$2.2B$2.2B$2.2B
Lessee Operating Lease Liability Payments Due$455.0M———$605.0M—
Lessee Operating Lease Liability Undiscounted Excess Amount$37.0M———$50.0M—
Liabilities held for sale$9.0M$11.0M$0.0$0.0$0.0$0.0
2027$1.3B———$842.0M—
Noncontrolling interests in subsidiaries$63.0M$75.0M$97.0M$69.0M$46.0M$171.0M
Operating Lease Weighted Average Discount Rate Percent$0.0———$0.0—
Operating Loss Carryforwards$856.0M———$974.0M—
Other accrued liabilities$633.0M———$658.0M—
Other$74.0M———$72.0M—
Preferred Stock, Par or Stated Value Per Share$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Authorized$125.0M$125.0M$125.0M$125.0M$125.0M$125.0M
Preferred Stock, Shares Issued$0.0$0.0$0.0$0.0$0.0$0.0
Standard and Extended Product Warranty Accrual$16.0M$15.0M$12.0M$11.0M$10.0M$9.0M
Redeemable noncontrolling interests in subsidiaries$57.0M$62.0M$66.0M$67.0M$75.0M$74.0M
Restructuring Reserve$37.0M$55.0M$65.0M$83.0M$74.0M$54.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$17.6B$18.6B$19.3B$19.0B$19.1B$19.8B
Self-insurance accruals$137.0M———$136.0M—
Incentive stock program, shares reserved for future grants (in shares)$19.0M$18.0M$18.0M$18.0M$18.0M$17.0M
Share Repurchase Program, Authorized, Amount$2.0B$2.0B——$2.0B$2.0B
Share Repurchase Program, Remaining Authorized, Amount$200.0M—$1.5B$1.3B$1.3B$900.0M
Supplier finance program, obligation$714.0M$555.0M$598.0M$594.0M$831.0M$642.0M
Trade receivables and unbilled receivables$3.4B———$3.7B—
Treasury stock, shares (in shares)$41.0M$43.6M$46.8M$49.6M$49.6M$54.1M
Unamortized Debt Issuance Expense$45.0M$42.0M$40.0M$43.0M$41.0M$39.0M
Unrecognized tax benefits$149.0M———$152.0M—
Interest accrued$84.0M———$64.0M—
Amount that if recognized, would affect the effective tax rate or regulatory liability$149.0M———$152.0M—
Workers Compensation Liability Noncurrent$92.0M———$98.0M—
Purchase Obligation$244.0M———$113.0M—
Weighted-Average Discount Rate3.3%———3.6%—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$201.0M$217.0M$211.0M$210.0M$226.0M$225.0M
Deferred Tax Assets and Other Non-Current Assets$113.0M$360.0M$390.0M$393.0M$119.0M$367.0M
Deferred Tax Assets - Tax Credit Carryforwards$54.0M———$55.0M—
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$33.0M———$32.0M—
Goodwill$1.5B$1.6B$1.7B$1.7B$1.7B$1.7B
Goodwill and Intangible Assets, Net$143.0M———$148.0M—
Intangible Assets Gross (Excluding Goodwill)$2.0B$2.1B$2.2B$2.2B$2.2B$2.2B
Intangible assets, net$311.0M$326.0M$357.0M$348.0M$343.0M$333.0M
Net Investment in Lease$422.0M$456.0M$530.0M$566.0M$554.0M$552.0M
Net Operating Loss Carryforwards$856.0M———$974.0M—
Deferred tax assets$302.0M$305.0M$392.0M$411.0M$407.0M$400.0M
Other intangible assets—net$311.0M$326.0M$357.0M$348.0M$343.0M$333.0M
Operating lease right-of-use assets$422.0M$456.0M$530.0M$566.0M$554.0M$552.0M
Other non-current assets$362.0M$360.0M$390.0M$393.0M$410.0M$367.0M
Operating lease right-of-use assets$0.0$456.0M$530.0M$566.0M$0.0$552.0M
Operating Lease Right-of-Use Assets in Other Assets$422.0M$456.0M$530.0M$566.0M$554.0M$552.0M
Other non-current assets$280.0M$360.0M$390.0M$393.0M$119.0M$367.0M
Accumulated depreciation$1.2B$1.2B$1.2B$1.3B$1.3B$1.3B
Property and equipment, net$701.0M$708.0M$732.0M$742.0M$743.0M$744.0M
Software and Technology Licenses, Net$362.0M$360.0M$390.0M$393.0M$410.0M$367.0M
Tax Credit Carryforward Valuation Allowance$250.0M———$256.0M—
Total assets$11.3B$11.2B$10.5B$10.8B$10.7B$10.5B