奥蒂斯环球公司2025年季度报告

FORM10-Q____________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 OTIS WORLDWIDE CORPORATION(Exact name of registrant as specified in its charter) ____________________________________ Delaware(State or other jurisdiction of incorporation) 83-3789412(I.R.S. Employer Identification No.) One Carrier Place,Farmington,Connecticut06032(Address of principal executive offices, including zip code) (860)674-3000(Registrant's telephone number, including area code)____________________________________ Securities registered pursuant to Section12(b) of the Act: Name of each exchangeon which registeredNew York Stock ExchangeNew York Stock ExchangeNew York Stock ExchangeNew York Stock Exchange Title of each classCommon Stock ($0.01 par value)0.318% Notes due 20262.875% Notes due 2027 Trading Symbol(s)OTISOTIS/26OTIS/27OTIS/31 Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405) during the preceding 12 months (or for such shorter period that the registrant was required to submit Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," ýAccelerated Filer¨SmallerReportingCompany Large Accelerated FilerNon-accelerated Filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐.Noý. OTIS WORLDWIDE CORPORATIONCONTENTS OF QUARTERLY REPORT ON FORM 10-QQuarter Ended March31, 2025 PART I – FINANCIAL INFORMATION Item1. Financial Statements:Condensed Consolidated Statements of Operations for the quarters ended March 31, 2025 and 2024Condensed Consolidated Statements of Comprehensive Income for the quarters ended March 31, 2025 and 2024Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024Condensed Consolidated Statements of Changes in Equity for the quarters ended March 31, 2025 and 2024 Otis Worldwide Corporation's and its subsidiaries' names, abbreviations thereof, logos, and product and service designators are all either theregistered or unregistered trademarks or tradenames of Otis Worldwide Corporation and its subsidiaries. Names, abbreviations of names,logos, and products and service designators of other companies are either the registered or unregistered trademarks or tradenames of theirrespective owners. As used herein, the terms "we," "us," "our," "the Company" or "Otis," unless the context otherwise requires, mean Otis Note 1:General The Condensed Consolidated Financial Statements as of March31, 2025 and for the quarters ended March31, 2025 and 2024 areunaudited, but in the opinion of management include all adjustments (consisting only of normal recurring adjustments) necessary for a fairstatement of the results for the interim periods. The Condensed Consolidated Balance Sheet as of December 31, 2024 was derived fromaudited financial statements, but does not include all disclosures required by generally accepted accounting principles ("GAAP") in theUnited States ("U.S."). The results reported in these Condensed Consolidated Financial Statements should not necessarily be taken as Unless the context otherwise requires, references to "Otis," "we," "us," "our" and "the Company" refer to Otis Worldwide Corporation andits subsidiaries. There have been no changes to the Company's significant accounting policies described in the Company's 2024 Form 10-K that have amaterial impact on the Company's Condensed Consolidated Financial Statements and the related notes. Use of Estimates.The preparation of these Condensed Consolidated Financial Statements and accompanying notes in conformity with U.S.GAAP requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from We assessed certain accounting matters that generally require consideration of forecasted financial information in the context of theinformation reasonably available to us and the unknown future impacts of macroeconomic developments, in