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SEGMENT FINANCIAL DATA (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment information are as follows:

			Net Sales																		Operating Profit
(In millions)			2021						2020						2019						2021						2020						2019
HVAC			$	11,390					$	9,478					$	9,712					$	1,738					$	2,462					$	1,563
Refrigeration			4,127						3,333						3,792						476						357						532
Fire & Security			5,515						4,985						5,500						662						584						708
Total segment			21,032						17,796						19,004						2,876						3,403						2,803
Eliminations and other			(419)						(340)						(396)						(96)						(184)						(156)
General corporate expenses			—						—						—						(135)						(136)						(156)
Consolidated			$	20,613					$	17,456					$	18,608					$	2,645					$	3,083					$	2,491

Total assets are not presented for each segment as they are not presented to or reviewed by the CODM. Segment assets in the following table represent Accounts receivable, net , Contract assets, current and Inventories, net. These assets are regularly reviewed by management and are therefore reported in the following table as segment assets. All other remaining assets and liabilities for all periods presented are managed on a company-wide basis.

			Segment Assets												Capital Expenditures																		Depreciation & Amortization
(In millions)			2021						2020												2021						2020						2019						2021						2020						2019
HVAC			$	2,375					$	2,150											$	225					$	188					$	150					$	186					$	163					$	160
Refrigeration			1,285						1,125												39						26						30						36						39						34
Fire & Security			1,203						1,788												49						51						50						83						108						123
Total Segment			4,863						5,063												313						265						230						305						310						317
Eliminations and other			13						3												31						47						13						33						26						18
Consolidated			$	4,876					$	5,066											$	344					$	312					$	243					$	338					$	336					$	335
Cash and cash equivalents			2,987						3,115
Other assets, current			376						343
Assets held for sale			3,168						—
Total current assets			$	11,407					$	8,524

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

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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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