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SEGMENT FINANCIAL DATA (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Net Sales and Operating Profit by Segment | Net sales and Operating profit by segment are as follows:
|  | Net Sales |  | Operating Profit
|  | Three Months Ended June 30, |  | Three Months Ended June 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
HVAC |  | $ | 4,970 |  |  | $ | 4,216 |  |  | $ | 687 |  |  | $ | 742 |
Refrigeration |  | 973 |  |  | 972 |  |  | 113 |  |  | 112 |
Fire & Security |  | 871 |  |  | 932 |  |  | 3,001 |  |  | (157) |
Total segment |  | 6,814 |  |  | 6,120 |  |  | 3,801 |  |  | 697 |
Eliminations and other |  | (125) |  |  | (128) |  |  | (23) |  |  | (146) |
General corporate expenses |  | — |  |  | — |  |  | (87) |  |  | (62) |
Total Consolidated |  | $ | 6,689 |  |  | $ | 5,992 |  |  | $ | 3,691 |  |  | $ | 489 |
|  | Net Sales |  | Operating Profit
|  | Six Months Ended June 30, |  | Six Months Ended June 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
HVAC |  | $ | 9,511 |  |  | $ | 7,838 |  |  | $ | 1,116 |  |  | $ | 1,177 |
Refrigeration |  | 1,857 |  |  | 1,870 |  |  | 210 |  |  | 220 |
Fire & Security |  | 1,758 |  |  | 1,801 |  |  | 3,154 |  |  | (64) |
Total segment |  | 13,126 |  |  | 11,509 |  |  | 4,480 |  |  | 1,333 |
Eliminations and other |  | (255) |  |  | (244) |  |  | (98) |  |  | (184) |
General corporate expenses |  | — |  |  | — |  |  | (191) |  |  | (105) |
Total Consolidated |  | $ | 12,871 |  |  | $ | 11,265 |  |  | $ | 4,191 |  |  | $ | 1,044 |
Schedule of Sale by Geographic Areas | Geographic external sales are attributed to the geographic regions based on their location of origin. With the exception of the U.S. presented in the table below, there were no individually significant countries with sales exceeding 10% of total sales during the three and six months ended June 30, 2024 and 2023.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
United States |  | $ | 3,477 |  |  | $ | 3,389 |  |  | $ | 6,444 |  |  | $ | 6,249 |
International: |  |  |  |  |  |  |  |
Europe |  | 1,889 |  |  | 1,205 |  |  | 3,860 |  |  | 2,401 |
Asia Pacific |  | 1,104 |  |  | 1,194 |  |  | 2,144 |  |  | 2,227 |
Other |  | 219 |  |  | 204 |  |  | 423 |  |  | 388 |
Net sales |  | $ | 6,689 |  |  | $ | 5,992 |  |  | $ | 12,871 |  |  | $ | 11,265 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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