Otis Worldwide Corporation (NYSE:OTIS) will look for mergers and acquisitions. During the second quarter 2022 earnings conference call, Judith Marks, said that 'Lastly, we still expect free cash flow to be robust at about $1.6 billion or approximately 125% conversion of GAAP net income. We will remain disciplined and balanced on capital allocation, advancing our bolt-on M&A strategy where it makes sense and returning cash to shareholders through dividends and share repurchases, which we're now in a position to increase to $700 million versus the $500 million target announced previously'.