XML 80 R30.htm IDEA: XBRL DOCUMENT
v3.25.2

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | See the following disaggregated revenue table and related discussions by reportable business segment for details:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Aerospace Technologies |  |  |  |  |  |  |
Commercial Aviation Original Equipment | $ | 586 |  |  | $ | 668 |  |  | $ | 1,213 |  |  | $ | 1,342 |
Commercial Aviation Aftermarket | 1,916 |  |  | 1,798 |  |  | 3,815 |  |  | 3,457 |
Defense and Space | 1,805 |  |  | 1,425 |  |  | 3,451 |  |  | 2,761 |
Net Aerospace Technologies sales | 4,307 |  |  | 3,891 |  |  | 8,479 |  |  | 7,560 |
Industrial Automation |  |  |  |  |  |  |
Sensing and Safety Technologies | 341 |  |  | 466 |  |  | 764 |  |  | 916 |
Productivity Solutions and Services | 278 |  |  | 298 |  |  | 547 |  |  | 620 |
Process Solutions | 1,538 |  |  | 1,509 |  |  | 3,006 |  |  | 3,005 |
Warehouse and Workflow Solutions | 223 |  |  | 233 |  |  | 441 |  |  | 443 |
Net Industrial Automation sales | 2,380 |  |  | 2,506 |  |  | 4,758 |  |  | 4,984 |
Building Automation |  |  |  |  |  |  |
Products | 1,125 |  |  | 908 |  |  | 2,154 |  |  | 1,721 |
Building Solutions | 701 |  |  | 663 |  |  | 1,364 |  |  | 1,276 |
Net Building Automation sales | 1,826 |  |  | 1,571 |  |  | 3,518 |  |  | 2,997 |
Energy and Sustainability Solutions |  |  |  |  |  |  |
UOP | 807 |  |  | 599 |  |  | 1,471 |  |  | 1,176 |
Advanced Materials | 1,030 |  |  | 1,005 |  |  | 1,927 |  |  | 1,953 |
Net Energy and Sustainability Solutions sales | 1,837 |  |  | 1,604 |  |  | 3,398 |  |  | 3,129 |
Corporate and All Other | 2 |  |  | 5 |  |  | 21 |  |  | 12 |
Net sales | $ | 10,352 |  |  | $ | 9,577 |  |  | $ | 20,174 |  |  | $ | 18,682 |
The disaggregation of the Company's revenue based on timing of recognition is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Products, transferred point in time | 56 | % |  | 57 | % |  | 56 | % |  | 57 | %
Products, transferred over time | 13 |  |  | 11 |  |  | 12 |  |  | 11 |
Net product sales | 69 |  |  | 68 |  |  | 68 |  |  | 68 |
Services, transferred point in time | 5 |  |  | 5 |  |  | 5 |  |  | 5 |
Services, transferred over time | 26 |  |  | 27 |  |  | 27 |  |  | 27 |
Net service sales | 31 |  |  | 32 |  |  | 32 |  |  | 32 |
Net sales | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
Contract with Customer Asset and Liability | The following table summarizes the Company's contract assets and liabilities balances:
| 2025 |  | 2024
Contract assets—January 1 | $ | 2,207 |  |  | $ | 2,013 |
Contract assets—June 30 | 2,562 |  |  | 2,072 |
Change in contract assets - increase (decrease) | $ | 355 |  |  | $ | 59 |
Contract liabilities—January 1 | $ | (4,220) |  |  | $ | (4,326) |
Contract liabilities—June 30 | (4,371) |  |  | (4,096) |
Change in contract liabilities - (increase) decrease | $ | (151) |  |  | $ | 230 |
Net change | $ | 204 |  |  | $ | 289 |

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