XML 45 R36.htm IDEA: XBRL DOCUMENT v3.20.1

RESTRUCTURING COSTS (Tables)

3 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

During the quarters ended March 31, 2020 and 2019, we recorded net pre-tax restructuring costs totaling $5 million and $33 million, respectively, for new and ongoing restructuring actions in our segments as follows:

			For the Quarters Ended March 31,
(dollars in millions)			2020						2019
HVAC			$	2					$	17
Refrigeration			—						3
Fire & Security			3						13
Total restructuring costs			$	5					$	33

Restructuring charges incurred during the quarters ended March 31, 2020 and 2019 primarily relate to actions initiated during 2020 and 2019, and are recorded as follows:

			For the Quarters Ended March 31,
(dollars in millions)			2020						2019
Cost of sales			$	1					$	5
Selling, general and administrative			4						28
Total restructuring costs			$	5					$	33

The following table summarizes expected, incurred and remaining costs for the 2019 restructuring actions by segment:

(dollars in millions)			Expected Costs						Costs Incurred in 2019						Costs Incurred - Quarter Ended March 31, 2020																		Remaining Costs at March 31, 2020
HVAC			$	53					$	(51)					$	(1)																	$	1
Refrigeration			16						(14)						—																		2
Fire & Security			49						(43)						(2)																		4
Eliminations and other			2						(2)						—																		—
Total			$	120					$	(110)					$	(3)																	$	7

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the accrual balance and utilization for the 2020 restructuring actions:

(dollars in millions)			Severance						Facility Exit, Lease Termination and Other Costs						Total
Restructuring accruals as of January 1, 2020			$	—					$	—					$	—
Net pre-tax restructuring costs			2						—						2
Utilization, foreign exchange and other costs			—						—						—
Balance as of March 31, 2020			$	2					$	—					$	2

The following table summarizes expected, incurred and remaining costs for the 2020 restructuring actions by segment:

(dollars in millions)			Expected Costs						Costs Incurred - Quarter Ended March 31, 2020																		Remaining Costs at March 31, 2020
HVAC			$	3					$	(1)																	$	2
Refrigeration			—						—																		—
Fire & Security			1						(1)																		—
Eliminations and other			—						—																		—
Total			$	4					$	(2)																	$	2

The following table summarizes the accrual balances and utilization for the 2019 restructuring actions:

(dollars in millions)			Severance						Facility Exit, Lease Termination and Other Costs						Total
Restructuring accruals as of January 1, 2020			$	43					$	1					$	44
Net pre-tax restructuring costs			3						—						3
Utilization, foreign exchange and other costs			(14)						(1)						(15)
Balance as of March 31, 2020			$	32					$	—					$	32

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration