Otis Worldwide Contract with Customer Asset (Liability), Net decreased by 22.6% to -$2.38B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 7.3%, from -$2.22B to -$2.38B. Over 5 years (FY 2020 to FY 2025), Contract with Customer Asset (Liability), Net shows relatively stable performance with a -1.8% CAGR.
A shift toward a net asset position suggests the company is performing work ahead of billing, which may pressure cash flow, while a net liability position indicates favorable cash collection relative to project progress.
This net figure represents the balance between contract assets, where revenue has been recognized ahead of billing, and...
Standard for companies utilizing percentage-of-completion accounting for long-term contracts.
other_contract_with_customer_asset_liability_net_be34f8| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$2.36B | -$2.27B | -$2.18B | -$2.44B | -$2.18B | -$2.11B | -$2.05B | -$2.32B | -$2.20B | -$2.10B | -$2.03B | -$2.28B | -$2.09B | -$2.05B | -$1.93B | -$2.22B | -$2.08B | -$2.03B | -$1.94B | -$2.38B |
| QoQ Change | — | +4.0% | +4.1% | -12.3% | +10.9% | +3.0% | +3.0% | -13.3% | +5.3% | +4.6% | +3.4% | -12.4% | +8.1% | +2.0% | +5.9% | -14.9% | +6.3% | +2.5% | +4.2% | -22.6% |
| YoY Change | — | — | — | — | +7.8% | +6.8% | +5.8% | +5.0% | -1.0% | +0.7% | +1.1% | +1.9% | +4.8% | +2.2% | +4.8% | +2.6% | +0.7% | +1.3% | -0.6% | -7.3% |