Otis Worldwide Corp 2026年季度报告

FORM 10-Q____________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March31, 2026 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," Large Accelerated FilerNon-accelerated Filer Accelerated FilerSmallerReportingCompany 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☐.No. As of April15, 2026 there were 383,716,076 shares of Common Stock outstanding. OTIS WORLDWIDE CORPORATIONCONTENTS OF QUARTERLY REPORT ON FORM 10-QQuarter Ended March31, 2026 PART I – FINANCIAL INFORMATION Item1. Financial Statements: Condensed Consolidated Statements of Operations for the quarters ended March 31, 2026 and 2025Condensed Consolidated Statements of Comprehensive Income for the quarters ended March 31, 2026 and 2025Condensed Consolidated Balance Sheets as of March 31, 2026and December 31, 2025Condensed Consolidated Statements of Changes in Equity for the quarters ended March 31, 2026 and 2025Condensed Consolidated Statements of Cash Flows for thequarters ended March 31, 2026 and 2025Notes to Condensed Consolidated Financial StatementsReport of Independent Registered Public Accounting FirmItem2. Management's Discussion and Analysis of Financial Condition and Results of OperationsItem3. Quantitative and Qualitative Disclosures About Market RiskItem4. Controls and ProceduresPART II – OTHER INFORMATIONItem1. Legal ProceedingsItem1A. Risk FactorsItem2. Unregistered Sales of Equity Securities and Use of ProceedsItem5. Other InformationItem6. ExhibitsSIGNATURES 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, 2026 and for the quarters ended March31, 2026 and 2025 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, 2025 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 2025 Form 10-K that have amaterial impact on the Company's Condensed Consolidated Financial Statements and the related notes. Noncontrolling Interest Adjustment.In the quarter ended March 31, 2026, the Company recorded an out of period adjustment to correctan immaterial error within Equity, recognizing $114million in Noncontrolling interest and Accumulated deficit resulting from previous step Use of Estimates.The preparation of these Condensed Consolidated Financial Statements and accompanyin