Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name UNITED TECHNOLOGIES CORP /DE/
CIK 0000101829
Accession number 0000101829-14-000006
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/101829/000010182914000006/utx-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Create a valuation allowance for deferred tax liability. utx:DeferredTaxLiabilitiesValuationAllowance. So, either UTC made a mistake or that concept is missing from the US GAAP XBRL Taxonomy. Filer used the concept us-gaap:DeferredTaxAssetsLiabilitiesNet RATHER THAN us-gaap:DeferredTaxAssetsNet to express Deferred Tax Assets, Net.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
(dollars in millions)
2013
 
2012
Future income tax benefits:
 
 
 
Insurance and employee benefits
$
747

 
$
1,168

Other asset basis differences
365

 
119

Other liability basis differences
1,187

 
1,052

Tax loss carryforwards
386

 
382

Tax credit carryforwards
1,184

 
1,107

Valuation allowances
(669
)
 
(618
)
 
$
3,200

 
$
3,210

Future income taxes payable:
 
 
 
Insurance and employee benefits
$
(992
)
 
$
(2,238
)
Other asset basis differences
4,649

 
4,440

Other items, net
(178
)
 
(195
)
Tax loss carryforwards
(346
)
 
(409
)
Tax credit carryforwards
(68
)
 
(80
)
Valuation allowances
273

 
286

 
$
3,338

 
$
1,804

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 0
Valuation allowance -669,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 0
Deferred tax liabilities -3,338,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 3,200,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 6,538,000,000

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 1,964,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 1,236,000,000 us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent 0 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 3,200,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 0 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -3,338,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 3,200,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 6,538,000,000

*

*

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