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REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Sales by Product vs. Service

Segment sales disaggregated by product and service are as follows:

(In millions)						2021						2020						2019
Sales Type
Product						$	9,985					$	8,165					$	8,279
Service						1,405						1,313						1,433
HVAC sales						11,390						9,478						9,712
Product						3,653						2,927						3,405
Service						474						406						387
Refrigeration sales						4,127						3,333						3,792
Product						3,985						3,585						4,072
Service						1,530						1,400						1,428
Fire & Security sales						5,515						4,985						5,500
Total segment sales						21,032						17,796						19,004
Eliminations and other						(419)						(340)						(396)
Consolidated						$	20,613					$	17,456					$	18,608

						External Sales																		Long-Lived Assets
(In millions)						2021						2020						2019						2021						2020
United States Operations						$	10,492					$	9,105					$	9,594					$	772					$	782
International Operations
Europe						5,776						4,935						5,327						476						490
Asia Pacific						3,464						2,655						2,813						279						249
Other						881						761						874						299						289
Consolidated						$	20,613					$	17,456					$	18,608					$	1,826					$	1,810

Contract with Customer, Asset and Liability

Total contract assets and liabilities consisted of the following:

(In millions)			2021						2020
Contract assets, current			$	503					$	656
Contract assets, non-current (included within Other assets)			70						98
Total contract assets			573						754
Contract liabilities, current			(415)						(512)
Contract liabilities, non-current (included within Other long-term liabilities)			(165)						(165)
Total contract liabilities			(580)						(677)
Net contract assets (liabilities)			$	(7)					$	77

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

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- References

No definition available.

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