UNITED TECHNOLOGIES CORP /DE/ | 2013 | FY | 3

 
December 31, 2013
 
December 31, 2012
(dollars in millions)
Carrying
Amount

 
Fair
Value

 
Carrying
Amount

 
Fair
Value

Long-term receivables
$
655

 
$
586

 
$
499

 
$
464

Customer financing notes receivable
394

 
366

 
375

 
371

Short-term borrowings
(388
)
 
(388
)
 
(503
)
 
(503
)
Long-term debt (excluding capitalized leases)
(19,807
)
 
(21,525
)
 
(22,665
)
 
(25,606
)
Long-term liabilities
(283
)
 
(253
)
 
(182
)
 
(167
)
(dollars in millions)
Total

 
Level 1

 
Level 2

 
Level 3

Long-term receivables
$
586

 
$
—

 
$
586

 
$
—

Customer financing notes receivable
366

 
—

 
366

 
—

Short-term borrowings
(388
)
 
—

 
(200
)
 
(188
)
Long-term debt (excluding capitalized leases)
(21,525
)
 
—

 
(21,211
)
 
(314
)
Long-term liabilities
(253
)
 
—

 
(253
)
 
—

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