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REVENUE RECOGNITION (Tables) | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Sales Disaggregated by Product and Service | Sales disaggregated by product and service are as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Sales Type |  |  |  |  |  |  |  |
Product |  | $ | 3,754 |  |  | $ | 3,005 |  |  | $ | 6,955 |  |  | $ | 5,644 |
Service |  | 462 |  |  | 383 |  |  | 883 |  |  | 714 |
HVAC sales |  | 4,216 |  |  | 3,388 |  |  | 7,838 |  |  | 6,358 |
Product |  | 858 |  |  | 925 |  |  | 1,645 |  |  | 1,792 |
Service |  | 114 |  |  | 116 |  |  | 225 |  |  | 225 |
Refrigeration sales |  | 972 |  |  | 1,041 |  |  | 1,870 |  |  | 2,017 |
Product |  | 869 |  |  | 838 |  |  | 1,682 |  |  | 1,609 |
Service |  | 63 |  |  | 49 |  |  | 119 |  |  | 96 |
Fire & Security sales |  | 932 |  |  | 887 |  |  | 1,801 |  |  | 1,705 |
Total segment sales |  | 6,120 |  |  | 5,316 |  |  | 11,509 |  |  | 10,080 |
Eliminations and other |  | (128) |  |  | (105) |  |  | (244) |  |  | (215) |
Net sales |  | $ | 5,992 |  |  | $ | 5,211 |  |  | $ | 11,265 |  |  | $ | 9,865 |
Schedule of Contract Assets and Liabilities | Total contract assets and contract liabilities consisted of the following:
(In millions) |  | June 30, 2023 |  | December 31, 2022
Contract assets, current |  | $ | 578 |  |  | $ | 537 |
Contract assets, non-current (included within Other assets) |  | 8 |  |  | 6 |
Total contract assets |  | 586 |  |  | 543 |
Contract liabilities, current |  | (483) |  |  | (449) |
Contract liabilities, non-current (included within Other long-term liabilities) |  | (170) |  |  | (174) |
Total contract liabilities |  | (653) |  |  | (623) |
Net contract assets (liabilities) |  | $ | (67) |  |  | $ | (80) |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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