XML 64 R15.htm IDEA: XBRL DOCUMENT
v3.24.3

GOODWILL AND OTHER INTANGIBLE ASSETS - NET | 9 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS - NET | GOODWILL AND OTHER INTANGIBLE ASSETS—NET The following table summarizes the change in the carrying amount of goodwill for the nine months ended September 30, 2024, by reportable business segment:
| December 31, 2023 |  | Acquisitions/ Divestitures |  | Currency Translation Adjustment |  | Reclassified to Assets Held for Sale |  | September 30, 2024
Aerospace Technologies | $ | 2,386 |  |  | $ | 646 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 3,042 |
Industrial Automation | 9,650 |  |  | — |  |  | 63 |  |  | (411) |  |  | 9,302 |
Building Automation | 3,380 |  |  | 2,826 |  |  | 40 |  |  | — |  |  | 6,246 |
Energy and Sustainability Solutions | 1,727 |  |  | — |  |  | 4 |  |  | — |  |  | 1,731 |
Corporate and All Other | 906 |  |  | — |  |  | 43 |  |  | — |  |  | 949 |
Total Goodwill | $ | 18,049 |  |  | $ | 3,472 |  |  | $ | 160 |  |  | $ | (411) |  |  | $ | 21,270 |
Other intangible assets are comprised of:
| September 30, 2024 |  | December 31, 2023
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-life intangibles |  |  |  |  |  |  |  |  |  |  |
Patents and technology | $ | 2,659 |  |  | $ | (1,833) |  |  | $ | 826 |  |  | $ | 2,399 |  |  | $ | (1,837) |  |  | $ | 562 |
Customer relationships | 6,457 |  |  | (2,231) |  |  | 4,226 |  |  | 4,199 |  |  | (2,601) |  |  | 1,598 |
Trademarks | 421 |  |  | (296) |  |  | 125 |  |  | 362 |  |  | (284) |  |  | 78 |
Other | 413 |  |  | (281) |  |  | 132 |  |  | 299 |  |  | (277) |  |  | 22 |
Total definite-life intangibles—net | 9,950 |  |  | (4,641) |  |  | 5,309 |  |  | 7,259 |  |  | (4,999) |  |  | 2,260 |
Indefinite-life intangibles |  |  |  |  |  |  |  |  |  |  |
Trademarks 2 | 440 |  |  | — |  |  | 440 |  |  | 971 |  |  | — |  |  | 971 |
Total Other intangible assets—net 1 | $ | 10,390 |  |  | $ | (4,641) |  |  | $ | 5,749 |  |  | $ | 8,230 |  |  | $ | (4,999) |  |  | $ | 3,231 |
1 |  | As of September 30, 2024, Total Other intangible assets-net excludes net carrying amount of $125 million of customer relationships and net carrying amount of $483 million of indefinite-life trademarks that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 3.
2 |  | An impairment charge of $48 million was recorded on indefinite-lived intangible assets related to the personal protective equipment business during the three months ended September 30, 2024.
Other intangible assets amortization includes $120 million and $275 million of acquisition-related intangible amortization expense for the three and nine months ended September 30, 2024, respectively, and $87 million and $216 million for the three and nine months ended September 30, 2023, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration