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RESTRUCTURING COSTS (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The Company recorded net pre-tax restructuring costs for new and ongoing restructuring actions as follows:

(In millions)			2021						2020						2019
HVAC			$	33					$	7					$	56
Refrigeration			25						12						14
Fire & Security			26						28						53
Total Segment			84						47						123
General corporate expenses			5						2						3
Total restructuring costs			$	89					$	49					$	126
Cost of sales			$	28					$	20					$	36
Selling, general and administrative			60						29						90
Other income (expense), net			1						—						—
Total restructuring costs			$	89					$	49					$	126

Schedule of Restructuring and Related Costs

The following table summarizes the reserves and charges related to the restructuring reserve:

(In millions)						2021						2020
Balance as of January 1,						$	49					$	66
Net pre-tax restructuring costs						89						49
Utilization, foreign exchange and other						(76)						(66)
Reclassified to held for sale						(8)						—
Balance as of December 31,						$	54					$	49

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- References

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- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
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- 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

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-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

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