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v3.26.1

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2026 | Jun. 30, 2025 | Jun. 30, 2026 | Jun. 30, 2025
Segment Reporting [Line Items] |  |  |  |
Operating revenue | $ 4,301 | $ 4,053 | $ 8,317 | $ 7,892
Variable cost of revenue | 2,033 | 1,914 | 3,920 | 3,735
Overhead expenses | 1,089 | 1,043 | 2,169 | 2,078
Operating income | 1,147 | 1,068 | 2,167 | 2,019
Interest expense | (79) | (74) | (152) | (142)
Other income (expense) | 12 | 4 | 32 | 16
Income Before Taxes | 1,080 | 998 | 2,047 | 1,893
Depreciation and amortization and impairment of intangible assets | 98 | 99 | 197 | 194
Automotive OEM |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Overhead expenses | 211 | 206 | 416 | 406
Food Equipment |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Overhead expenses | 182 | 178 | 364 | 355
Test & Measurement and Electronics |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Overhead expenses | 241 | 227 | 483 | 458
Welding |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Overhead expenses | 117 | 105 | 234 | 210
Polymers & Fluids |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Overhead expenses | 113 | 109 | 229 | 219
Construction Products |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Overhead expenses | 122 | 118 | 239 | 231
Specialty Products |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Overhead expenses | 103 | 100 | 204 | 199
Operating segments |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Operating revenue | 4,305 | 4,056 | 8,325 | 7,900
Operating income | 1,183 | 1,099 | 2,236 | 2,087
Operating segments | Automotive OEM |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Operating revenue | 857 | 845 | 1,677 | 1,631
Variable cost of revenue | 461 | 459 | 903 | 894
Operating income | 185 | 180 | 358 | 331
Depreciation and amortization and impairment of intangible assets | 36 | 34 | 71 | 66
Operating segments | Food Equipment |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Operating revenue | 692 | 680 | 1,329 | 1,307
Variable cost of revenue | 322 | 313 | 620 | 597
Operating income | 188 | 189 | 345 | 355
Depreciation and amortization and impairment of intangible assets | 9 | 10 | 19 | 20
Operating segments | Test & Measurement and Electronics |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Operating revenue | 769 | 686 | 1,484 | 1,338
Variable cost of revenue | 335 | 302 | 644 | 584
Operating income | 193 | 157 | 357 | 296
Depreciation and amortization and impairment of intangible assets | 19 | 18 | 37 | 36
Operating segments | Welding |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Operating revenue | 549 | 479 | 1,056 | 951
Variable cost of revenue | 254 | 215 | 481 | 429
Operating income | 178 | 159 | 341 | 312
Depreciation and amortization and impairment of intangible assets | 8 | 9 | 17 | 17
Operating segments | Polymers & Fluids |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Operating revenue | 476 | 438 | 928 | 867
Variable cost of revenue | 223 | 208 | 433 | 413
Operating income | 140 | 121 | 266 | 235
Depreciation and amortization and impairment of intangible assets | 8 | 11 | 17 | 21
Operating segments | Construction Products |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Operating revenue | 494 | 473 | 952 | 916
Variable cost of revenue | 221 | 210 | 427 | 410
Operating income | 151 | 145 | 286 | 275
Depreciation and amortization and impairment of intangible assets | 9 | 8 | 17 | 16
Operating segments | Specialty Products |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Operating revenue | 468 | 455 | 899 | 890
Variable cost of revenue | 217 | 207 | 412 | 408
Operating income | 148 | 148 | 283 | 283
Depreciation and amortization and impairment of intangible assets | 9 | 9 | 19 | 18
Intersegment revenue |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Operating revenue | 4 | 3 | 8 | 8
Unallocated |  |  |  |
Segment Reporting [Line Items] |  |  |  |
Operating income | $ (36) | $ (31) | $ (69) | $ (68)

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