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Revenue Recognition (Notes)
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue Recognition
Disaggregated Revenue

The following tables present the Company's revenues disaggregated by segment and by Products & Systems and Services revenue (in millions):
Three Months Ended
March 31, 2022		Three Months Ended
March 31, 2021
Products & SystemsServicesTotalProducts & SystemsServicesTotal
Building Solutions North America$1,343 $884 $2,227 $1,272 $820 $2,092 
Building Solutions EMEA/LA536 422 958 466 468 934 
Building Solutions Asia Pacific448 175 623 320 274 594 
Global Products2,290 — 2,290 1,974 — 1,974 
Total$4,617 $1,481 $6,098 $4,032 $1,562 $5,594 
Six Months Ended
March 31, 2022		Six Months Ended
March 31, 2021
Products & SystemsServicesTotalProducts & SystemsServicesTotal
Building Solutions North America$2,642 $1,737 $4,379 $2,514 $1,612 $4,126 
Building Solutions EMEA/LA1,080 837 1,917 934 948 1,882 
Building Solutions Asia Pacific949 349 1,298 654 544 1,198 
Global Products4,366 — 4,366 3,729 — 3,729 
Total$9,037 $2,923 $11,960 $7,831 $3,104 $10,935 

The following table presents further disaggregation of Global Products segment revenues by product type (in millions):
Three Months Ended
March 31,		Six Months Ended
March 31,
2022202120222021
HVAC$1,658 $1,374 $3,141 $2,592 
Fire & Security578 537 1,122 1,025 
Industrial Refrigeration54 63 103 112 
Total$2,290 $1,974 $4,366 $3,729 

Contract Balances

Contract assets relate to the Company’s right to consideration for performance obligations satisfied but not billed and consist of unbilled receivables and costs in excess of billings. Contract liabilities relate to customer payments received in advance of satisfaction of performance obligations under the contract. Contract balances are classified as assets or liabilities on a contract-by-contract basis at the end of each reporting period. 

The following table presents the location and amount of contract balances in the Company's consolidated statements of financial position (in millions):
Location of contract balancesMarch 31, 2022September 30, 2021
Contract assets - currentAccounts receivable - net$1,851 $1,718 
Contract assets - noncurrentOther noncurrent assets90 99 
Contract liabilities - currentDeferred revenue(1,971)(1,637)
Contract liabilities - noncurrentOther noncurrent liabilities(285)(269)

For the three months ended March 31, 2022 and March 31, 2021, the Company recognized revenue of $308 million and $221 million, respectively, that was included in the beginning of period contract liability balance. For the six months ended March 31, 2022 and March 31, 2021, the Company recognized revenue of $1,059 million and $935 million, respectively, that was included in the beginning of period contract liability balance.

Performance Obligations

A performance obligation is a distinct good, service, or a bundle of goods and services promised in a contract. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. When contracts with customers require significant and complex integration, contain goods or services which are highly interdependent or interrelated, or are goods or services which significantly modify or customize other promises in the contracts and, therefore, are not distinct, then the entire contract is accounted for as a single performance obligation. For any contracts with multiple performance obligations, the contract’s transaction price is
allocated to each performance obligation based on the estimated relative standalone selling price of each distinct good or service in the contract. For product sales, each product sold to a customer typically represents a distinct performance obligation.

Performance obligations are satisfied as of a point in time or over time. The timing of satisfying the performance obligation is typically indicated by the terms of the contract. As of March 31, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $17.3 billion, of which approximately 60% is expected to be recognized as revenue over the next two years. The remaining performance obligations expected to be recognized in revenue beyond two years primarily relate to large, multi-purpose contracts to construct hospitals, schools and other governmental buildings, which include services to be performed over the building's lifetime, with initial contract terms of 25 to 35 years. Future contract modifications could affect both the timing and the amount of the remaining performance obligations. The Company excludes the value of remaining performance obligations for contracts with an original expected duration of one year or less.

Costs to Obtain or Fulfill a Contract

The Company recognizes the incremental costs incurred to obtain or fulfill a contract with a customer as an asset when these costs are recoverable. These costs consist primarily of sales commissions and bid/proposal costs. Costs to obtain or fulfill a contract are capitalized and amortized to revenue over the period of contract performance.

The following table presents the location and amount of costs to obtain or fulfill a contract recorded in the Company's consolidated statements of financial position (in millions):

March 31, 2022September 30, 2021
Other current assets$150 $149 
Other noncurrent assets116 117 
Total$266 $266 
During both the three months ended March 31, 2022 and 2021, the Company recognized amortization expense of $47 million related to costs to obtain or fulfill a contract. During the six months ended March 31, 2022 and 2021, the Company recognized amortization expense of $97 million and $88 million, respectively, related to costs to obtain or fulfill a contract. There were no impairment losses recognized in the three and six months ended March 31, 2022 and 2021.