Otis Worldwide (WBO:OTIS) Other Long-Term Liabilities : €650 Mil (As of Mar. 2024)

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What is Otis Worldwide Other Long-Term Liabilities?

Otis Worldwide's other long-term liabilities for the quarter that ended in Mar. 2024 was €650 Mil.

Otis Worldwide's quarterly other long-term liabilities declined from Sep. 2023 (€699 Mil) to Dec. 2023 (€590 Mil) but then increased from Dec. 2023 (€590 Mil) to Mar. 2024 (€650 Mil).

Otis Worldwide's annual other long-term liabilities increased from Dec. 2021 (€680 Mil) to Dec. 2022 (€702 Mil) but then declined from Dec. 2022 (€702 Mil) to Dec. 2023 (€590 Mil).

Otis Worldwide Other Long-Term Liabilities Historical Data

The historical data trend for Otis Worldwide's Other Long-Term Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Otis Worldwide Other Long-Term Liabilities Chart

Otis Worldwide Annual Data

Trend

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Other Long-Term Liabilities

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Otis Worldwide Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Otis Worldwide Other Long-Term Liabilities Calculation

Other Long-Term Liabilities are the other liabilities on the balance sheet that do not need to be repaid within the next 12 months, but still need to be repaid over time. For instance, on Wal-Mart's balance sheet, there are items called Long Term obligations under capital leases, deferred income taxes, and redeemable non-controlling interest. These are all Other Long-Term Liabilities.

Otis Worldwide Other Long-Term Liabilities Related Terms

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Otis Worldwide (WBO:OTIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (WBO:OTIS) » Definitions » Other Long-Term Liabilities

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany O1TI34:Brazil

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.