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REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables) | 12 Months Ended
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Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation Of Revenue | See the following disaggregated revenue table and related discussions by reportable business segment for details:
| Years Ended December 31, |  |  |  |  |
| 2023 |  | 2022 |  | 2021 |  |  |  |  |
Aerospace Technologies |  |  |  |  |  |  |  |  |  |
Commercial Aviation Original Equipment | $ | 2,397 |  |  | $ | 2,089 |  |  | $ | 1,720 |  |  |  |  |  |
Commercial Aviation Aftermarket | 6,241 |  |  | 5,108 |  |  | 4,155 |  |  |  |  |  |
Defense and Space | 4,986 |  |  | 4,630 |  |  | 5,151 |  |  |  |  |  |
Net Aerospace Technologies sales | 13,624 |  |  | 11,827 |  |  | 11,026 |  |  |  |  |  |
Industrial Automation |  |  |  |  |  |  |  |  |  |
Sensing and Safety Technologies | 2,733 |  |  | 2,860 |  |  | 3,123 |  |  |  |  |  |
Productivity Solutions and Services | 1,313 |  |  | 1,739 |  |  | 1,778 |  |  |  |  |  |
Process Solutions | 5,267 |  |  | 4,731 |  |  | 4,611 |  |  |  |  |  |
Warehouse and Workflow Solutions | 1,443 |  |  | 2,308 |  |  | 2,913 |  |  |  |  |  |
Net Industrial Automation sales | 10,756 |  |  | 11,638 |  |  | 12,425 |  |  |  |  |  |
Building Automation |  |  |  |  |  |  |  |  |  |
Products | 3,583 |  |  | 3,638 |  |  | 3,173 |  |  |  |  |  |
Building Solutions | 2,448 |  |  | 2,362 |  |  | 2,366 |  |  |  |  |  |
Net Building Automation sales | 6,031 |  |  | 6,000 |  |  | 5,539 |  |  |  |  |  |
Energy and Sustainability Solutions |  |  |  |  |  |  |  |  |  |
UOP | 2,586 |  |  | 2,404 |  |  | 2,348 |  |  |  |  |  |
Advanced Materials | 3,653 |  |  | 3,592 |  |  | 3,054 |  |  |  |  |  |
Net Energy and Sustainability Solutions sales | 6,239 |  |  | 5,996 |  |  | 5,402 |  |  |  |  |  |
Corporate and All Other | 12 |  |  | 5 |  |  | — |  |  |  |  |  |
Net sales | $ | 36,662 |  |  | $ | 35,466 |  |  | $ | 34,392 |  |  |  |  |  |
The disaggregation of the Company's revenue based off timing of recognition is as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Products, transferred point in time | 58 | % |  | 59 | % |  | 58 | %
Products, transferred over time | 12 |  |  | 14 |  |  | 17 |
Net product sales | 70 |  |  | 73 |  |  | 75 |
Services, transferred point in time | 10 |  |  | 8 |  |  | 8 |
Services, transferred over time | 20 |  |  | 19 |  |  | 17 |
Net service sales | 30 |  |  | 27 |  |  | 25 |
Net sales | 100 | % |  | 100 | % |  | 100 | %
Contract with Customer, Asset and Liability | The following table summarizes the Company's contract assets and liabilities balances:
| 2023 |  | 2022
Contract assets—January 1 | $ | 2,294 |  |  | $ | 2,060 |
Contract assets—December 31 | 2,013 |  |  | 2,294 |
Change in contract assets—increase (decrease) | (281) |  |  | 234 |
Contract liabilities—January 1 | (4,583) |  |  | (4,290) |
Contract liabilities—December 31 | (4,326) |  |  | (4,583) |
Change in contract liabilities—decrease (increase) | 257 |  |  | (293) |
Net change | $ | (24) |  |  | $ | (59) |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction | The following table outlines the Company's remaining performance obligations disaggregated by reportable business segment:
| December 31, 2023
Aerospace Technologies | $ | 13,898 |
Industrial Automation | 6,227 |
Building Automation | 7,302 |
Energy and Sustainability Solutions | 4,303 |
Corporate and All Other 1 | 47 |
Total performance obligations 2 | $ | 31,777 |
1 |  | The remaining performance obligations within Corporate and All Other relate to the Quantinuum business.
2 |  | Effective March 31, 2022, performance obligations exclude contracts with customers related to Russia as collectability is not reasonably assured.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
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