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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

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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.

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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.

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