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v3.25.3

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Segment Reporting Information [Line Items] |  |  |  |
Operating revenue | $ 4,059 | $ 3,966 | $ 11,951 | $ 11,966
Variable cost of revenue | 1,898 | 1,884 | 5,633 | 5,720
Overhead expenses | 1,029 | 1,012 | 3,107 | 3,090
Operating income | 1,112 | 1,052 | 3,131 | 3,233
Interest expense | (75) | (69) | (217) | (215)
Other income (expense) | 12 | 379 | 28 | 421
Income Before Taxes | 1,049 | 1,362 | 2,942 | 3,439
Depreciation and amortization and impairment of intangible assets | 100 | 104 | 294 | 300
Automotive OEM |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Overhead expenses | 198 | 191 | 604 | 591
Food Equipment |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Overhead expenses | 175 | 174 | 530 | 526
Test & Measurement and Electronics |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Overhead expenses | 224 | 227 | 682 | 685
Welding |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Overhead expenses | 110 | 103 | 320 | 311
Polymers & Fluids |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Overhead expenses | 107 | 104 | 326 | 329
Construction Products |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Overhead expenses | 114 | 113 | 345 | 349
Specialty Products |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Overhead expenses | 101 | 100 | 300 | 299
Operating segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating revenue | 4,065 | 3,973 | 11,965 | 11,985
Operating income | 1,138 | 1,077 | 3,225 | 3,175
Operating segments | Automotive OEM |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating revenue | 830 | 772 | 2,461 | 2,403
Variable cost of revenue | 450 | 431 | 1,344 | 1,343
Operating income | 182 | 150 | 513 | 469
Depreciation and amortization and impairment of intangible assets | 35 | 34 | 101 | 97
Operating segments | Food Equipment |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating revenue | 694 | 677 | 2,001 | 1,975
Variable cost of revenue | 317 | 310 | 914 | 912
Operating income | 202 | 193 | 557 | 537
Depreciation and amortization and impairment of intangible assets | 11 | 12 | 31 | 34
Operating segments | Test & Measurement and Electronics |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating revenue | 698 | 697 | 2,036 | 2,071
Variable cost of revenue | 297 | 291 | 881 | 885
Operating income | 177 | 179 | 473 | 501
Depreciation and amortization and impairment of intangible assets | 17 | 21 | 53 | 62
Operating segments | Welding |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating revenue | 477 | 462 | 1,428 | 1,404
Variable cost of revenue | 211 | 210 | 640 | 635
Operating income | 156 | 149 | 468 | 458
Depreciation and amortization and impairment of intangible assets | 9 | 9 | 26 | 24
Operating segments | Polymers & Fluids |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating revenue | 441 | 448 | 1,308 | 1,334
Variable cost of revenue | 208 | 219 | 621 | 641
Operating income | 126 | 125 | 361 | 364
Depreciation and amortization and impairment of intangible assets | 10 | 10 | 31 | 31
Operating segments | Construction Products |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating revenue | 473 | 479 | 1,389 | 1,471
Variable cost of revenue | 210 | 221 | 620 | 686
Operating income | 149 | 145 | 424 | 436
Depreciation and amortization and impairment of intangible assets | 8 | 9 | 24 | 24
Operating segments | Specialty Products |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating revenue | 452 | 438 | 1,342 | 1,327
Variable cost of revenue | 205 | 202 | 613 | 618
Operating income | 146 | 136 | 429 | 410
Depreciation and amortization and impairment of intangible assets | 10 | 9 | 28 | 28
Intersegment revenue |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating revenue | 6 | 7 | 14 | 19
Unallocated |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating income | $ (26) | $ (25) | $ (94) | $ 58

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