XML 55 R37.htm IDEA: XBRL DOCUMENT
v3.23.2

RESTRUCTURING COSTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Restructuring and Related Activities [Abstract] |
Schedule of Net Pre-Tax Restructuring Costs | The Company recorded net pre-tax restructuring costs for new and ongoing restructuring initiatives as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2023 |  | 2022 |  | 2023 |  | 2022
HVAC | $ | 3 |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | 6 |
Refrigeration | 7 |  |  | 6 |  |  | 10 |  |  | 6 |
Fire & Security | (1) |  |  | 3 |  |  | 12 |  |  | 9 |
Total Segment | 9 |  |  | 11 |  |  | 24 |  |  | 21 |
General corporate expenses | — |  |  | 2 |  |  | 2 |  |  | 2 |
Total restructuring costs | $ | 9 |  |  | $ | 13 |  |  | $ | 26 |  |  | $ | 23 |
Cost of sales | $ | 3 |  |  | $ | 5 |  |  | $ | 9 |  |  | $ | 7 |
Selling, general and administrative | 6 |  |  | 8 |  |  | 17 |  |  | 16 |
Total restructuring costs | $ | 9 |  |  | $ | 13 |  |  | $ | 26 |  |  | $ | 23 |
Schedule of Reserve and Charges Relating to Restructuring Reserve | The following table summarizes the reserve and charges relating to the restructuring reserve, included in Accrued liabilities on the accompanying Unaudited Condensed Consolidated Balance Sheet:
|  | Six Months Ended June 30,
(In millions) |  | 2023 |  | 2022
Balance as of January 1, |  | $ | 24 |  |  | $ | 54 |
Net pre-tax restructuring costs |  | 26 |  |  | 23 |
Utilization, foreign exchange and other |  | (19) |  |  | (34) |
Balance as of June 30, |  | $ | 31 |  |  | $ | 43 |

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 -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration