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Otis Worldwide Buildings And Improvements

: $0 Mil (As of Sep. 2020)
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Otis Worldwide's annual buildings and improvements increased from Dec. 2017 ($0 Mil) to Dec. 2018 ($580 Mil) but then declined from Dec. 2018 ($580 Mil) to Dec. 2019 ($574 Mil).

Otis Worldwide Buildings And Improvements Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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Otis Worldwide Annual Data
Dec17 Dec18 Dec19
Buildings And Improvements 0.00 580.00 574.00

Otis Worldwide Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Buildings And Improvements Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 574.00 0.00 0.00 0.00

Otis Worldwide Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction.  Broker and architect fees, permits, etc. can be covered within this category.  Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized.  Improvements are commonly recorded at acquisition cost.  Building improvement examples include roofing, remodeling, replacements, etc.

Otis Worldwide Buildings And Improvements Headlines

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