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RESTRUCTURING COSTS
 6 Months Ended
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)2023202220232022
HVAC$3 $2 $2 $6 
Refrigeration7 6 10 6 
Fire & Security(1)3 12 9 
Total Segment9 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 administrative6 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)20232022
Balance as of January 1,$24 $54 
Net pre-tax restructuring costs26 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.