Otis Worldwide Corp Annual Income Tax Expense (Benefit) in USD from 2018 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Otis Worldwide Corp quarterly/annual Income Tax Expense (Benefit) history and growth rate from 2018 to 2023.
  • Otis Worldwide Corp Income Tax Expense (Benefit) for the quarter ending September 30, 2024 was -$45M, a 133% decline year-over-year.
  • Otis Worldwide Corp Income Tax Expense (Benefit) for the twelve months ending September 30, 2024 was $308M, a 42.6% decline year-over-year.
  • Otis Worldwide Corp annual Income Tax Expense (Benefit) for 2023 was $533M, a 2.7% increase from 2022.
  • Otis Worldwide Corp annual Income Tax Expense (Benefit) for 2022 was $519M, a 4.07% decline from 2021.
  • Otis Worldwide Corp annual Income Tax Expense (Benefit) for 2021 was $541M, a 18.9% increase from 2020.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $533M +$14M +2.7% Jan 1, 2023 Dec 31, 2023 10-K 2024-02-02
2022 $519M -$22M -4.07% Jan 1, 2022 Dec 31, 2022 10-K 2024-02-02
2021 $541M +$86M +18.9% Jan 1, 2021 Dec 31, 2021 10-K 2024-02-02
2020 $455M -$139M -23.4% Jan 1, 2020 Dec 31, 2020 10-K 2023-02-03
2019 $594M -$89M -13% Jan 1, 2019 Dec 31, 2019 10-K 2022-02-04
2018 $683M 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.