Description of Business
United Technologies Corporation was incorporated in Delaware in 1934. UTC
provides high technology products and services to the building systems and
aerospace industries worldwide. Growth is attributable primarily to the internal
development of our existing businesses and to acquisitions. The following
description of our business should be read in conjunction with "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in our
2014 Annual Report, including the information contained therein under the
heading "Business Overview."
Our financial reporting segments include businesses with operations throughout
the world. UTC Building & Industrial Systems, comprised of the financial
reporting segments of Otis and UTC Climate, Controls & Security, is the world's
largest provider of building technologies.