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Otis Worldwide OTIS Standard Product Warranty Accrual

Standard Product Warranty Accrual at other companies

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Other financials

Income statement

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Revenue$3.9B+7.3%
Operating income$575.0M+5.1%
Net income$428.0M+8.9%
EPS (diluted)$1.12+13.1%

Balance sheet

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Cash & equivalents$849.0M+20.8%
Total debt$7.7B-3.9%
Total equity-$5.7B-7.1%
Total assets$11.2B+6.3%

Cash flow

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Operating cash flow$267.0M+24.2%
CapEx$44.0M+22.2%
Free cash flow$223.0M+24.6%

Valuation

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Market cap$28.1B-17.7%
Enterprise value$34.92B-15.7%
P/E18.5×-4.0×
P/S1.9×-0.5×

Profitability

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Operating margin15.4%+2.3pp
Net margin10.2%-0.5pp
FCF margin11.5%+2.0pp

Returns & leverage

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Return on equity60.1%—
Debt / equity0.3×—
Current ratio0.8×0.0×

Where this comes from

Reported directly by Otis Worldwide in its filing.

Tagged under the XBRL concept us-gaap:ProductWarrantyAccrual.

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

The Company provides service and warranty on its products beyond normal service and warranty policies. The carrying amount of service and product guarantees were $9 million and $10 million as of June 30, 2026 and December 31, 2025, respectively.

Item 1. Financial Statements

FAQ

What is Otis Worldwide's standard product warranty accrual?
Otis Worldwide (OTIS) reported standard product warranty accrual of $9M in Q2 2026.
How has Otis Worldwide's standard product warranty accrual changed year-over-year?
Otis Worldwide's standard product warranty accrual decreased by 25.0% year-over-year, from $12M to $9M.
What is the long-term trend for Otis Worldwide's standard product warranty accrual?
Over 5 years (2020 to 2025), Otis Worldwide's standard product warranty accrual has grown at a -16.7% compound annual growth rate (CAGR), from $25M to $10M.
What does standard product warranty accrual mean?
This metric reflects the estimated liability for future costs associated with repairing or replacing products under standard warranty terms. It is based on historical experience and current product quality data to ensure adequate reserves are maintained. Changes in this balance often signal management's outlook on product reliability and potential future service costs.

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