Otis Worldwide Corporation

Filing receipts

“Interest Expense (Income), Net Quarter Ended March 31, (dollars in millions) 2026 2025 Interest expense (income), net $ 59 $ 45 The changes in Interest expense (income), net of $14 million for the quarter ended March 31, 2026, compared to the same period in 2025, were primarily driven by lower interest income and higher interest expense related to the $500 million unsecured, unsubordinated debt issued in September 2025, partially offset by lower interest expense related to the repayment of the $1.3 billion unsecured, unsubordinated debt in April 2025.”

“29 Table of Contents Cost of Products and Services Sold Quarter Ended March 31, (dollars in millions) 2026 2025 Total cost of products and services sold $ 2,484 $ 2,349 Percentage change year-over-year 6 % The factors contributing to the percentage change year-over-year for the quarter ended March 31, 2026 in total cost of products and services sold are as follows: Components of Cost of Products and Services Sold change: Quarter Ended March 31, 2026 Organic volume 2 % Foreign currency translation 4 % Acquisitions and divestitures, net and other — % Total % change 6 % The Organic volume for total cost of products and services sold increased 2% for the quarter ended March 31, 2026, primarily...”

“ts and services due to tariffs; • Customer demand impacting our new equipment, maintenance and repair, and modernization businesses; • Customer liquidity constraints and related credit reserve; • Cancellations or delays of customer orders; and • Supplier liquidity, as well as supplier and raw material capacity constraints, delays and related costs.”