Otis Worldwide Corp Annual Amortization of Intangible Assets in USD from 2018 to 2023

Taxonomy & unit
us-gaap: USD
Description
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.
Summary
Otis Worldwide Corp quarterly/annual Amortization of Intangible Assets history and growth rate from 2018 to 2023.
  • Otis Worldwide Corp Amortization of Intangible Assets for the quarter ending September 30, 2024 was $15M, a 11.8% decline year-over-year.
  • Otis Worldwide Corp Amortization of Intangible Assets for the twelve months ending September 30, 2024 was $61M, a 11.6% decline year-over-year.
  • Otis Worldwide Corp annual Amortization of Intangible Assets for 2023 was $67M, a 8.22% decline from 2022.
  • Otis Worldwide Corp annual Amortization of Intangible Assets for 2022 was $73M, a 16.1% decline from 2021.
  • Otis Worldwide Corp annual Amortization of Intangible Assets for 2021 was $87M, a 4.4% decline from 2020.
Amortization of Intangible Assets, Trailing 12 Months (USD)
Amortization of Intangible Assets, Annual (USD)
Amortization of Intangible Assets, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $67M -$6M -8.22% Jan 1, 2023 Dec 31, 2023 10-K 2024-02-02
2022 $73M -$14M -16.1% Jan 1, 2022 Dec 31, 2022 10-K 2024-02-02
2021 $87M -$4M -4.4% Jan 1, 2021 Dec 31, 2021 10-K 2024-02-02
2020 $91M -$4M -4.21% Jan 1, 2020 Dec 31, 2020 10-K 2023-02-03
2019 $95M -$9M -8.65% Jan 1, 2019 Dec 31, 2019 10-K 2022-02-04
2018 $104M Jan 1, 2018 Dec 31, 2018 10-K 2021-02-05
* An asterisk sign (*) next to the value indicates that the value is likely invalid.