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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 $7.5B in total debt. Cash and equivalents total $844.0M. The current ratio is 0.837 and debt-to-equity is -1.32. 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$26.9B
P/E Ratio18.17
ROE-27.41%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$1.9B$1.6B$1.7B$1.8B$2.1B$2B
Accrued compensation$579M———$605M—
Accrued expenses$238M$1.9B$2B$2B$1.8B$1.7B
Accrued interest$147M———$129M—
Accrued Progress Collections and Price Adjustments$38M$38M$32M$29M$29M$30M
Other Commercial Liabilities$1.9B$1.9B$2B$2B$1.8B$1.7B
Contract liabilities$38M$38M$32M$29M$29M$30M
Accrued Income Taxes, Current$75M———$75M—
Accrued Liabilities, Current$1.9B$1.9B$2B$2B$1.8B$1.7B
Current portion of long-term debt$51M$40M$528M$348M$215M$244M
Deferred revenue$2.6B$2.9B$2.8B$2.8B$2.6B$3.1B
Income taxes payable$75M———$75M—
Operating Lease Liability Payments - 2024 (Lessee)$117M———$153M—
Operating Lease Liability Payments - 2025 (Lessee)$49M———$73M—
Lease Liability Payments - Due Year Two$117M———$153M—
Lease Liability Payments - Due Year Three$81M———$116M—
Lease Liability Payments - Due Year Four$49M———$73M—
Lease Liability Payments - Remainder of Fiscal Year$151M———$178M—
Operating lease liabilities, current$120M———$158M—
Operating Lease Liability Payments Due$455M———$605M—
Operating Lease Liability - Undiscounted Excess Amount$37M———$50M—
Restructuring Reserve$37M$55M$65M$83M$74M$54M
Short-term borrowings$51M$40M$528M$348M$215M$244M
Short-Term Debt - Weighted-Average Interest Rate2.7%2.7%2.8%3.0%3.0%3.0%
Standard Product Warranty Accrual$16M$15M$12M$11M$10M$9M
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$125M$119M$121M$126M$125M$125M
Allowance for Doubtful Accounts Receivable (Current)$125M$119M$121M$126M$125M$125M
Assets held for sale$38M$20M$4M$4M$5M$4M
Cash and cash equivalents$2.3B$1.9B$703M$853M$80M$844M
Contract assets$706M$690M$769M$803M$699M$751M
Finished goods$423M$459M$473M$498M$474M$526M
Other current assets$679M$671M$632M$577M$405M$290M
Finished goods$423M$459M$473M$498M$474M$526M
Raw materials$134M$127M$129M$142M$139M$143M
Inventories$557M$586M$602M$640M$613M$669M
Other Inventory, Net$82M$85M$89M$89M$84M$78M
Prepaid expenses and other current assets$679M$671M$632M$577M$405M$290M
Restricted cash$21M$11M$15M$13M$9M$10M
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)-$312M———-$284M—
Contract Liabilities, Non-Current$38M$38M$32M$29M$29M$30M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$45M$42M$40M$43M$41M$39M
Deferred tax liabilities$203M———$221M—
Defined Benefit Pension Plan Liabilities (Non-Current)$609M$432M$454M$458M$455M$416M
Operating Lease Liability Payments - 2026 (Lessee)$81M———$116M—
Operating Lease Liability Payments - 2027 (Lessee)$25M———$38M—
Operating Lease Liability Payments - 2028 (Lessee)$49M———$73M—
Operating Lease Liability Payments - 2029 (Lessee)$25M———$38M—
Lease Liability Payments - Due After Year Five$32M———$47M—
Operating Lease Liability Payments - Thereafter (Lessee)$32M———$47M—
Long-term debt$7B$6.9B$7.1B$7.6B$6.9B$6.9B
Accrued expenses and other liabilities$238M———$240M—
Deferred revenue, net of current portion$38M$38M$32M$29M$29M$30M
Retirement and nonpension postretirement benefit obligations$434M$432M$454M$458M$419M$416M
Operating lease liabilities, non-current$298M$319M$375M$404M$397M$400M
Operating Lease Liabilities (Total)$418M———$555M—
Other non-current liabilities$383M$386M$339M$328M$329M$333M
Total Carrying Value of Debt$8.3B$8.4B$7.3B$7.8B$7.8B$7.6B
Total liabilities$16B$16.2B$15.7B$16.1B$15.9B$16B
Unrecognized Tax Benefits$149M———$152M—
Unrecognized Tax Benefits - Impacting Effective Tax Rate$149M———$152M—

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$745M-$871M-$1.1B-$1.1B-$1.1B-$1B
AOCI - Cash Flow Hedge Adjustment$3M$3M-$5M-$2M$1M$3M
AOCI - Defined Benefit Plan Net Gains/Losses-$98M———-$38M—
AOCI - Defined Benefit Plan Prior Service Cost$1M———$5M—
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$265M$278M$300M$320M$333M$332M
Treasury Stock, Value$3.4B$3.6B$3.9B$4.2B$4.2B$4.6B
Noncontrolling interests$63M$75M$97M$69M$46M$171M
Preferred Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Redeemable noncontrolling interests$57M$62M$66M$67M$75M$74M
Retained earnings-$978M-$889M-$663M-$453M-$440M-$378M
Share-Based Payment - Unrecognized Cost of Nonvested Awards$101M$148M$133M$106M$83M$125M
Share Repurchase Authorization Limit$200M—$1.5B$1.3B$1.3B$900M
Share Repurchase Program - Amount Remaining$200M—$1.5B$1.3B$1.3B$900M
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)-$1M$1M-$3M-$1M-$1M$2M
Deferred Revenue Timing Percentage90.0%90.0%90.0%75.0%75.0%75.0%
Defined Benefit Plan Discount Rate$0———$0—
Accumulated Benefit Obligation for Plans with ABO in Excess of Assets$353M———$367M—
Projected Benefit Obligation for Plans with ABO in Excess of Assets$397M———$411M—
Defined Benefit Plan Amounts Recognized in Balance Sheet-$312M———-$284M—
Defined Benefit Plan Funded Status-$312M———-$284M—
Expected Pension Contributions$44M———$45M—
Allowance for doubtful accounts$125M$119M$121M$126M$125M$125M
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$2B$2B$2B$2B$2B$2B
Common stock, shares issued (in shares)$438.6M$439.1M$439.2M$439.3M$439.4M$439.8M
Contract receivable retainage$57M———$58M—
Contract with Customer Asset (Liability), Net-$1.9B-$2.2B-$2.1B-$2B-$1.9B-$2.4B
Contract with Customer, Asset, after Allowance for Credit Loss$706M$690M$769M$803M$699M$751M
Contract with Customer, Liability$2.6B$2.9B$2.8B$2.8B$2.6B$3.1B
Contractual indemnity obligations$80M———$23M—
Short-term debt and current portion of long-term debt$1.4B$1.5B$675M$492M$1.1B$939M
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$49M$46M$44M$47M$44M$42M
Deferred income taxes$207M$217M$211M$210M$223M$225M
Deferred Tax Assets, Net of Valuation Allowance$576M———$687M—
Deferred Tax Assets, Operating Loss Carryforwards$201M———$226M—
Other liability basis differences$349M———$453M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits$109M———$90M—
Deferred Tax Assets, Valuation Allowance$250M———$256M—
Deferred Tax Liabilities, Net$346M———$369M—
Deferred Tax Liabilities, Other$203M———$221M—
Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax$99M———$43M—
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$44M———$45M—
Less: Fair value of plan assets at end of period$637M———$713M—
Fair value of plan assets$280M———$119M—
Fair value of plan assets$3M———$3M—
Cost not yet recognized$101M$148M$133M$106M$83M$125M
Finite-Lived Intangible Assets, Accumulated Amortization$1.7B$1.8B$1.9B$1.9B$1.9B$1.9B
2028$45M———$40M—
2030$33M———$32M—
2031$30M———$29M—
2027$60M———$46M—
2029$39M———$35M—
Four quarter rolling average of notional amount of contracts hedging commodity purchases$14M———$12M—
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$14M$14M$14M$14M$12M$11M
Indefinite- lived intangible impairment$2B$2.1B$2.2B$2.2B$2.2B$2.2B
Lessee Operating Lease Liability Payments Due$455M———$605M—
Lessee Operating Lease Liability Undiscounted Excess Amount$37M———$50M—
Liabilities held for sale$9M$11M$0$0$0$0
2027$1.3B———$842M—
Noncontrolling interests in subsidiaries$63M$75M$97M$69M$46M$171M
Operating Lease Weighted Average Discount Rate Percent$0———$0—
Operating Loss Carryforwards$856M———$974M—
Other accrued liabilities$633M———$658M—
Other$74M———$72M—
Preferred Stock, Par or Stated Value Per Share$0$0$0$0$0$0
Preferred Stock, Shares Authorized$125M$125M$125M$125M$125M$125M
Preferred Stock, Shares Issued$0$0$0$0$0$0
Standard and Extended Product Warranty Accrual$16M$15M$12M$11M$10M$9M
Redeemable noncontrolling interests in subsidiaries$57M$62M$66M$67M$75M$74M
Restructuring Reserve$37M$55M$65M$83M$74M$54M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$17.6B$18.6B$19.3B$19B$19.1B$19.8B
Self-insurance accruals$137M———$136M—
Incentive stock program, shares reserved for future grants (in shares)$19M$18M$18M$18M$18M$17M
Share Repurchase Program, Authorized, Amount$2B$2B——$2B$2B
Share Repurchase Program, Remaining Authorized, Amount$200M—$1.5B$1.3B$1.3B$900M
Supplier finance program, obligation$714M$555M$598M$594M$831M$642M
Trade receivables and unbilled receivables$3.4B———$3.7B—
Treasury stock, shares (in shares)$41M$43.6M$46.8M$49.6M$49.6M$54.1M
Unamortized Debt Issuance Expense$45M$42M$40M$43M$41M$39M
Unrecognized tax benefits$149M———$152M—
Interest accrued$84M———$64M—
Amount that if recognized, would affect the effective tax rate or regulatory liability$149M———$152M—
Workers Compensation Liability Noncurrent$92M———$98M—
Purchase Obligation$244M———$113M—
Weighted-Average Discount Rate3.3%———3.6%—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$201M$217M$211M$210M$223M$225M
Deferred Tax Assets and Other Non-Current Assets$113M$360M$390M$393M$119M$367M
Deferred Tax Assets - Tax Credit Carryforwards$54M———$55M—
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$33M———$32M—
Goodwill$1.5B$1.6B$1.7B$1.7B$1.7B$1.7B
Goodwill and Intangible Assets, Net$143M———$148M—
Intangible Assets Gross (Excluding Goodwill)$2B$2.1B$2.2B$2.2B$2.2B$2.2B
Intangible assets, net$311M$326M$357M$348M$343M$333M
Net Investment in Lease$422M$456M$530M$566M$554M$552M
Net Operating Loss Carryforwards$856M———$974M—
Deferred tax assets$302M$305M$392M$411M$407M$400M
Other intangible assets—net$311M$326M$357M$348M$343M$333M
Operating lease right-of-use assets$422M$456M$530M$566M$554M$552M
Other non-current assets$362M$360M$390M$393M$410M$367M
Operating lease right-of-use assets$0$456M$530M$566M$554M$552M
Operating Lease Right-of-Use Assets in Other Assets$422M$456M$530M$566M$554M$552M
Other non-current assets$280M$360M$390M$393M$410M$367M
Accumulated depreciation$1.2B$1.2B$1.2B$1.3B$1.3B$1.3B
Property and equipment, net$701M$708M$732M$742M$743M$744M
Software and Technology Licenses, Net$362M$360M$390M$393M$410M$367M
Tax Credit Carryforward Valuation Allowance$250M———$256M—
Total assets$11.3B$11.2B$10.5B$10.8B$10.7B$10.5B