Otis Worldwide

As of June 30, 2025, cash and cash equivalents were $688 million with total debt of $7.75 billion, and no borrowings on the revolver.

Long‑term debt carries a low average interest rate of ~2.8% and the company added a $1.5 billion revolving credit facility maturing 2030. Interest expense remains modest relative to operating profit, and free cash flow conversion is strong through cycles.

We note increased commercial paper usage and repayment of $1.3 billion notes in April 2025, but overall liquidity and access to capital are robust.