XML 103 R40.htm IDEA: XBRL DOCUMENT
v3.25.0.1

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
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,
| 2024 |  | 2023 |  | 2022
Aerospace Technologies |  |  |  |  |
Commercial Aviation Original Equipment | $ | 2,223 |  |  | $ | 2,397 |  |  | $ | 2,089 |
Commercial Aviation Aftermarket | 7,144 |  |  | 6,241 |  |  | 5,108 |
Defense and Space | 6,091 |  |  | 4,986 |  |  | 4,630 |
Net Aerospace Technologies sales | 15,458 |  |  | 13,624 |  |  | 11,827 |
Industrial Automation |  |  |  |  |
Sensing and Safety Technologies | 1,824 |  |  | 1,983 |  |  | 2,145 |
Productivity Solutions and Services | 1,202 |  |  | 1,313 |  |  | 1,739 |
Process Solutions | 6,111 |  |  | 6,017 |  |  | 5,446 |
Warehouse and Workflow Solutions | 914 |  |  | 1,443 |  |  | 2,308 |
Net Industrial Automation sales | 10,051 |  |  | 10,756 |  |  | 11,638 |
Building Automation |  |  |  |  |
Products | 3,868 |  |  | 3,583 |  |  | 3,638 |
Building Solutions | 2,672 |  |  | 2,448 |  |  | 2,362 |
Net Building Automation sales | 6,540 |  |  | 6,031 |  |  | 6,000 |
Energy and Sustainability Solutions |  |  |  |  |
UOP | 2,644 |  |  | 2,586 |  |  | 2,404 |
Advanced Materials | 3,781 |  |  | 3,653 |  |  | 3,592 |
Net Energy and Sustainability Solutions sales | 6,425 |  |  | 6,239 |  |  | 5,996 |
Corporate and All Other | 24 |  |  | 12 |  |  | 5 |
Net sales | $ | 38,498 |  |  | $ | 36,662 |  |  | $ | 35,466 |
The disaggregation of the Company's revenue based off timing of recognition is as follows:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Products, transferred point in time | 57 | % |  | 58 | % |  | 59 | %
Products, transferred over time | 11 |  |  | 12 |  |  | 14 |
Net product sales | 68 |  |  | 70 |  |  | 73 |
Services, transferred point in time | 4 |  |  | 10 |  |  | 8 |
Services, transferred over time | 28 |  |  | 20 |  |  | 19 |
Net service sales | 32 |  |  | 30 |  |  | 27 |
Net sales | 100 | % |  | 100 | % |  | 100 | %
Contract with Customer, Asset and Liability | The following table summarizes the Company's contract assets and liabilities balances:
| 2024 |  | 2023
Contract assets—January 1 | $ | 2,013 |  |  | $ | 2,294 |
Contract assets—December 31 1 | 2,207 |  |  | 2,013 |
Change in contract assets—increase (decrease) | 194 |  |  | (281) |
Contract liabilities—January 1 | (4,326) |  |  | (4,583) |
Contract liabilities—December 31 2 | (4,220) |  |  | (4,326) |
Change in contract liabilities—decrease (increase) | 106 |  |  | 257 |
Net change | $ | 300 |  |  | $ | (24) |
1 |  | As of December 31, 2024, contract assets excludes $3 million 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 |  | As of December 31, 2024, contract liabilities excludes $21 million that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.
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, 2024
Aerospace Technologies | $ | 15,447 |
Industrial Automation | 5,519 |
Building Automation | 8,257 |
Energy and Sustainability Solutions | 6,030 |
Corporate and All Other 1 | 24 |
Total performance obligations | $ | 35,277 |
1 |  | The remaining performance obligations within Corporate and All Other relate to the Quantinuum business.

X
- 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
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- 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
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration