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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill were as follows:

(In millions)			HVAC						Refrigeration						Fire & Security						Total
Balance as of December 31, 2019			$	5,351					$	1,228					$	3,305					$	9,884
Foreign currency translation			138						23						94						255
Balance as of December 31, 2020			$	5,489					$	1,251					$	3,399					$	10,139
Goodwill resulting from business combinations (1)			261						(1)						60						320
Reclassified to held for sale (2)			—						—						(940)						(940)
Foreign currency translation			(92)						(22)						(56)						(170)
Balance as of December 31, 2021			$	5,658					$	1,228					$	2,463					$	9,349

(1) See Note 19 - Acquisitions for additional information.

(2) See Note 20 - Divestitures for additional information.

Schedule of Finite-Live Intangible Assets

The weighted-average useful lives approximate the following (in years):

Customer relationships			1 to 30
Patents and trademarks			5 to 30
Monitoring lines			7 to 10
Service portfolio and other			1 to 23

Identifiable intangible assets consisted of the following:

									2021																		2020
(In millions)									Gross Amount						Accumulated Amortization						Net Amount						Gross Amount						Accumulated Amortization						Net Amount
Amortized:
Customer relationships									$	945					$	(699)					$	246					$	1,558					$	(1,285)					$	273
Patents and trademarks									232						(182)						50						301						(222)						79
Monitoring lines									—						—						—						71						(59)						12
Service portfolios and other									688						(539)						149						644						(542)						102
									1,865						(1,420)						445						2,574						(2,108)						466
Unamortized:
Trademarks and other									64						—						64						571						—						571
Intangible assets, net									$	1,929					$	(1,420)					$	509					$	3,145					$	(2,108)					$	1,037

Schedule of Indefinite-Lived Intangible Assets

Identifiable intangible assets consisted of the following:

									2021																		2020
(In millions)									Gross Amount						Accumulated Amortization						Net Amount						Gross Amount						Accumulated Amortization						Net Amount
Amortized:
Customer relationships									$	945					$	(699)					$	246					$	1,558					$	(1,285)					$	273
Patents and trademarks									232						(182)						50						301						(222)						79
Monitoring lines									—						—						—						71						(59)						12
Service portfolios and other									688						(539)						149						644						(542)						102
									1,865						(1,420)						445						2,574						(2,108)						466
Unamortized:
Trademarks and other									64						—						64						571						—						571
Intangible assets, net									$	1,929					$	(1,420)					$	509					$	3,145					$	(2,108)					$	1,037

Schedule of Future Amortization Expense

The estimated future amortization of intangible assets is as follows:

(In millions)			2022						2023						2024						2025						2026
Future amortization			$	80					$	75					$	69					$	59					$	47

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