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Otis Worldwide OTIS Contract Liabilities
Contract Liabilities at other companies
Other financials
Where this comes from
Reported directly by Otis Worldwide in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.
The source filing: Otis Worldwide’s 10-Q, filed July 23, 2026.
- Filed
- Jul 23, 2026, 4:12 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001781335-26-000113
| (dollars in millions) | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Contract assets, current | $824 | $699 |
| Total contract assets | 824 | 699 |
| Contract liabilities, current | (3,023) | (2,611) |
| Contract liabilities, non-current (included within Other long-term liabilities) | (26) | (29) |
| Total contract liabilities | (3,049) | (2,640) |
| Net contract liabilities | $(2,225) | $(1,941) |
Item 1. Financial Statements
FAQ
- What is Otis Worldwide's contract liabilities?
- Otis Worldwide (OTIS) reported contract liabilities of $26M in Q2 2026.
- How has Otis Worldwide's contract liabilities changed year-over-year?
- Otis Worldwide's contract liabilities decreased by 18.8% year-over-year, from $32M to $26M.
- What is the long-term trend for Otis Worldwide's contract liabilities?
- Over 5 years (2020 to 2025), Otis Worldwide's contract liabilities has grown at a -8.0% compound annual growth rate (CAGR), from $44M to $29M.
- What does contract liabilities mean?
- Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.
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