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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table summarizes the change in the carrying amount of goodwill for the years ended December 31, 2024, and 2023, by reportable business segment:
| Aerospace Technologies |  | Industrial Automation |  | Building Automation |  | Energy and Sustainability Solutions |  | Corporate and All Other |  | Total Goodwill
December 31, 2022 | $ | 2,376 |  |  | $ | 9,183 |  |  | $ | 3,338 |  |  | $ | 1,726 |  |  | $ | 874 |  |  | $ | 17,497 |
Acquisitions | — |  |  | 392 |  |  | — |  |  | — |  |  | — |  |  | 392 |
Currency translation adjustment | 10 |  |  | 75 |  |  | 42 |  |  | 1 |  |  | 32 |  |  | 160 |
December 31, 2023 | 2,386 |  |  | 9,650 |  |  | 3,380 |  |  | 1,727 |  |  | 906 |  |  | 18,049 |
Acquisitions | 660 |  |  | — |  |  | 2,827 |  |  | 876 |  |  | — |  |  | 4,363 |
Currency translation adjustment | (18) |  |  | (75) |  |  | (71) |  |  | (5) |  |  | (7) |  |  | (176) |
Reclassified to Assets held for sale | — |  |  | (411) |  |  | — |  |  | — |  |  | — |  |  | (411) |
December 31, 2024 | $ | 3,028 |  |  | $ | 9,164 |  |  | $ | 6,136 |  |  | $ | 2,598 |  |  | $ | 899 |  |  | $ | 21,825 |
Other Intangible Assets | Other intangible assets are comprised of:
| December 31, 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 | $ | 3,513 |  |  | $ | (1,849) |  |  | $ | 1,664 |  |  | $ | 2,399 |  |  | $ | (1,837) |  |  | $ | 562 |
Customer relationships | 6,411 |  |  | (2,251) |  |  | 4,160 |  |  | 4,199 |  |  | (2,601) |  |  | 1,598 |
Trademarks | 398 |  |  | (296) |  |  | 102 |  |  | 362 |  |  | (284) |  |  | 78 |
Other | 561 |  |  | (270) |  |  | 291 |  |  | 299 |  |  | (277) |  |  | 22 |
Total definite-life intangibles—net | 10,883 |  |  | (4,666) |  |  | 6,217 |  |  | 7,259 |  |  | (4,999) |  |  | 2,260 |
Indefinite-life intangibles |  |  |  |  |  |  |  |  |  |  |
Trademarks 2 | 439 |  |  | — |  |  | 439 |  |  | 971 |  |  | — |  |  | 971 |
Total Other intangible assets—net 1 | $ | 11,322 |  |  | $ | (4,666) |  |  | $ | 6,656 |  |  | $ | 8,230 |  |  | $ | (4,999) |  |  | $ | 3,231 |
1 |  | As of December 31, 2024, Total Other intangible assets—net excludes net carrying amount of $116 million of customer relationships and net carrying amount of $481 million of indefinite-life trademarks that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.
2 |  | An impairment charge of $48 million was recorded on indefinite-lived intangible assets related to the personal protective equipment business during year ended December 31, 2024.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated future intangible asset amortization expense for each of the next five years for intangible assets recorded as of December 31, 2024, is as follows:
| December 31, 2024
2025 | $ | 484 |
2026 | 495 |
2027 | 504 |
2028 | 495 |
2029 | 481 |

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