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SEGMENT FINANCIAL DATA (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Financial Data

			Three Months Ended March 31,
			2024						2023
Net sales
Aerospace Technologies
Products			$	2,025					$	1,672
Services			1,644						1,439
Net Aerospace Technologies sales			3,669						3,111
Industrial Automation
Products			1,800						2,159
Services			678						644
Net Industrial Automation sales			2,478						2,803
Building Automation
Products			1,057						1,132
Services			369						355
Net Building Automation sales			1,426						1,487
Energy and Sustainability Solutions
Products			1,381						1,347
Services			144						114
Net Energy and Sustainability Solutions sales			1,525						1,461
Corporate and All Other
Services			7						2
Net Corporate and All Other sales			7						2
Net sales			$	9,105					$	8,864
Segment profit
Aerospace Technologies			$	1,031					$	827
Industrial Automation			417						526
Building Automation			342						375
Energy and Sustainability Solutions			302						300
Corporate and All Other			(71)						(81)
Total segment profit			2,021						1,947
Interest and other financial charges			(220)						(170)
Interest income			105						76
Stock compensation expense1			(53)						(59)
Pension ongoing income2			145						130
Other postretirement income2			6						6
Repositioning and other charges3			(93)						(141)
Other expense4			(40)						(7)
Income before taxes			$	1,871					$	1,782

1						Amounts included in Selling, general and administrative expenses.
2						Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component).
3						Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.
4						Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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