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RESTRUCTURING COSTS | 6 Months Ended
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Jun. 30, 2023
Restructuring and Related Activities [Abstract] |
RESTRUCTURING COSTS | RESTRUCTURING COSTS The Company incurs costs associated with restructuring initiatives intended to improve operating performance, profitability and working capital levels. Actions associated with these initiatives may include improving productivity, workforce reductions and the consolidation of facilities. Due to the size, nature and frequency of these discrete plans, they are fundamentally different from the Company's ongoing productivity actions. 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 |
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 |
During the six months ended June 30, 2023 and 2022, charges associated with restructuring initiatives related to cost reduction efforts. Amounts recognized primarily related to severance due to workforce reductions and exit costs due to the consolidation of field operations. As of June 30, 2023, the Company had $31 million accrued for costs associated with its announced restructuring initiatives, all of which is expected to be paid within one year.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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