Otis Worldwide Corp 2025年度报告

FORM 10-K____________________________________ ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the fiscal year ended December31, 2025 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from ______ to ______. OTIS WORLDWIDE CORPORATION(Exact name of registrant as specified in its charter) ____________________________________ 83-3789412 Delaware (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation) One Carrier Place, Farmington, Connecticut 06032(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: Title of each classCommon Stock ($0.01 par value)0.318% Notes due 20262.875% Notes due 20270.934% Notes due 2031 Trading Symbol(s)OTISOTIS/26OTIS/27OTIS/31 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct.Yes.No. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of theAct.Yes☐.No. Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act 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 subject to such filing requirements for the past 90 days.Yes.No. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit and post such files).Yes.No. 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 reportingcompany," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Accelerated FilerSmallerReportingCompanyEmerging GrowthCompany 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 forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. § 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐.No. The aggregate market value of the voting Common Stock held by non-affiliates as of June 30, 2025 was $38,824,474,742 based on theNew York Stock Exchange closing price for such shares on that date. For purposes of this calculation, the Registrant has assumed thatits directors and executive officers are affiliates. As of January22, 2026, there were 388,720,773 shares of Common Stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Part III hereof incorporates by reference portions of the Otis Worldwide Corporation Proxy Statement for the 2026 Annual Meeting ofShareholders (the "2026 Proxy Statement"). The 2026 Proxy Statement will be filed with the U.S. Securities and ExchangeCommission within 120 days after the end of the fiscal year to which this report relates. OTIS WORLDWIDE CORPORATIONForm 10-KFor the Year Ended December31, 2025TABLE OF CONTENTS PART I Item1. BusinessCautionary Note Concerning Factors That May Affect Future ResultsItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem1C. CybersecurityItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPART IIItem 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer of Purchases of Equity SecuritiesItem 6. [Reserved]Item7. Management's Discussion and Analysis of Financial Condition and Results of OperationsItem7A. Quantitative and Qualitative Disclosures About Market RiskItem8. Financial Stat