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GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill were as follows:
(In millions) |  |  | HVAC |  | Refrigeration |  | Fire & Security |  | Total
Balance as of December 31, 2022 |  |  | $ | 6,392 |  |  | $ | 1,197 |  |  | $ | 2,388 |  |  | $ | 9,977 |
Acquisitions / divestitures |  |  | (11) |  |  | (4) |  |  | — |  |  | (15) |
Foreign currency translation |  |  | (22) |  |  | (4) |  |  | (9) |  |  | (35) |
Balance as of June 30, 2023 |  |  | $ | 6,359 |  |  | $ | 1,189 |  |  | $ | 2,379 |  |  | $ | 9,927 |
Schedule of Finite-Live Intangible Assets | Identifiable intangible assets consisted of the following:
|  | June 30, 2023 |  | December 31, 2022
(In millions) |  | Gross Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
Amortized: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 1,408 |  |  | $ | (754) |  |  | $ | 654 |  |  | $ | 1,431 |  |  | $ | (720) |  |  | $ | 711 |
Patents and trademarks |  | 388 |  |  | (202) |  |  | 186 |  |  | 401 |  |  | (191) |  |  | 210 |
Service portfolios and other |  | 932 |  |  | (655) |  |  | 277 |  |  | 953 |  |  | (595) |  |  | 358 |
|  | 2,728 |  |  | (1,611) |  |  | 1,117 |  |  | 2,785 |  |  | (1,506) |  |  | 1,279 |
Unamortized: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and other |  | 64 |  |  | — |  |  | 64 |  |  | 63 |  |  | — |  |  | 63 |
Intangible assets, net |  | $ | 2,792 |  |  | $ | (1,611) |  |  | $ | 1,181 |  |  | $ | 2,848 |  |  | $ | (1,506) |  |  | $ | 1,342 |
Schedule of Indefinite-Lived Intangible Assets | Identifiable intangible assets consisted of the following:
|  | June 30, 2023 |  | December 31, 2022
(In millions) |  | Gross Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
Amortized: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 1,408 |  |  | $ | (754) |  |  | $ | 654 |  |  | $ | 1,431 |  |  | $ | (720) |  |  | $ | 711 |
Patents and trademarks |  | 388 |  |  | (202) |  |  | 186 |  |  | 401 |  |  | (191) |  |  | 210 |
Service portfolios and other |  | 932 |  |  | (655) |  |  | 277 |  |  | 953 |  |  | (595) |  |  | 358 |
|  | 2,728 |  |  | (1,611) |  |  | 1,117 |  |  | 2,785 |  |  | (1,506) |  |  | 1,279 |
Unamortized: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and other |  | 64 |  |  | — |  |  | 64 |  |  | 63 |  |  | — |  |  | 63 |
Intangible assets, net |  | $ | 2,792 |  |  | $ | (1,611) |  |  | $ | 1,181 |  |  | $ | 2,848 |  |  | $ | (1,506) |  |  | $ | 1,342 |
Schedule of Amortization of Intangible Assets | Amortization of intangible assets was as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Amortization expense of Intangible assets |  | $ | 61 |  |  | $ | 20 |  |  | $ | 125 |  |  | $ | 41 |

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