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SEGMENT FINANCIAL DATA (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Segment Financial Data |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net sales |  |  |  |  |  |  |
Aerospace Technologies |  |  |  |  |  |  |
Products | $ | 2,127 |  |  | $ | 1,799 |  |  | $ | 4,152 |  |  | $ | 3,471 |
Services | 1,764 |  |  | 1,542 |  |  | 3,408 |  |  | 2,981 |
Net Aerospace Technologies sales | 3,891 |  |  | 3,341 |  |  | 7,560 |  |  | 6,452 |
Industrial Automation |  |  |  |  |  |  |
Products | 1,777 |  |  | 2,061 |  |  | 3,577 |  |  | 4,220 |
Services | 729 |  |  | 666 |  |  | 1,407 |  |  | 1,310 |
Net Industrial Automation sales | 2,506 |  |  | 2,727 |  |  | 4,984 |  |  | 5,530 |
Building Automation |  |  |  |  |  |  |
Products | 1,154 |  |  | 1,159 |  |  | 2,211 |  |  | 2,291 |
Services | 417 |  |  | 351 |  |  | 786 |  |  | 706 |
Net Building Automation sales | 1,571 |  |  | 1,510 |  |  | 2,997 |  |  | 2,997 |
Energy and Sustainability Solutions |  |  |  |  |  |  |
Products | 1,419 |  |  | 1,422 |  |  | 2,800 |  |  | 2,769 |
Services | 185 |  |  | 145 |  |  | 329 |  |  | 259 |
Net Energy and Sustainability Solutions sales | 1,604 |  |  | 1,567 |  |  | 3,129 |  |  | 3,028 |
Corporate and All Other |  |  |  |  |  |  |
Services | 5 |  |  | 1 |  |  | 12 |  |  | 3 |
Net Corporate and All Other sales | 5 |  |  | 1 |  |  | 12 |  |  | 3 |
Net sales | $ | 9,577 |  |  | $ | 9,146 |  |  | $ | 18,682 |  |  | $ | 18,010 |
Segment profit |  |  |  |  |  |  |
Aerospace Technologies | $ | 1,060 |  |  | $ | 930 |  |  | $ | 2,095 |  |  | $ | 1,761 |
Industrial Automation | 477 |  |  | 544 |  |  | 951 |  |  | 1,130 |
Building Automation | 397 |  |  | 391 |  |  | 747 |  |  | 772 |
Energy and Sustainability Solutions | 405 |  |  | 363 |  |  | 708 |  |  | 665 |
Corporate and All Other | (140) |  |  | (115) |  |  | (208) |  |  | (200) |
Total segment profit | 2,199 |  |  | 2,113 |  |  | 4,293 |  |  | 4,128 |
Interest and other financial charges | (250) |  |  | (187) |  |  | (470) |  |  | (357) |
Interest income | 110 |  |  | 76 |  |  | 215 |  |  | 152 |
Amortization of acquisition-related intangibles | (85) |  |  | (61) |  |  | (155) |  |  | (129) |
Stock compensation expense 1 | (55) |  |  | (50) |  |  | (108) |  |  | (109) |
Pension ongoing income 2 | 140 |  |  | 130 |  |  | 285 |  |  | 260 |
Other postretirement income 2 | 4 |  |  | 7 |  |  | 10 |  |  | 13 |
Repositioning and other charges 3 | (44) |  |  | (102) |  |  | (137) |  |  | (243) |
Other expense 4 | (45) |  |  | (22) |  |  | (88) |  |  | (29) |
Income before taxes | $ | 1,974 |  |  | $ | 1,904 |  |  | $ | 3,845 |  |  | $ | 3,686 |
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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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 + Details
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