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REVENUE RECOGNITION (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Sales Disaggregated by Product and Service | External segment sales disaggregated by product and service are as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Sales Type |  |  |  |  |  |  |  |
Product |  | $ | 2,970 |  |  | $ | 2,586 |  |  | $ | 5,289 |  |  | $ | 4,690 |
Service |  | 282 |  |  | 279 |  |  | 535 |  |  | 535 |
Climate Solutions Americas sales |  | 3,252 |  |  | 2,865 |  |  | 5,824 |  |  | 5,225 |
Product |  | 1,137 |  |  | 1,127 |  |  | 2,208 |  |  | 2,365 |
Service |  | 116 |  |  | 67 |  |  | 214 |  |  | 121 |
Climate Solutions Europe sales |  | 1,253 |  |  | 1,194 |  |  | 2,422 |  |  | 2,486 |
Product |  | 697 |  |  | 747 |  |  | 1,357 |  |  | 1,475 |
Service |  | 185 |  |  | 155 |  |  | 351 |  |  | 311 |
Climate Solutions Asia Pacific, Middle East & Africa sales |  | 882 |  |  | 902 |  |  | 1,708 |  |  | 1,786 |
Product |  | 673 |  |  | 851 |  |  | 1,275 |  |  | 1,623 |
Service |  | 53 |  |  | 122 |  |  | 102 |  |  | 234 |
Climate Solutions Transportation sales |  | 726 |  |  | 973 |  |  | 1,377 |  |  | 1,857 |
Net sales |  | $ | 6,113 |  |  | $ | 5,934 |  |  | $ | 11,331 |  |  | $ | 11,354 |
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, 2025 and 2024.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
United States |  | $ | 3,429 |  |  | $ | 3,077 |  |  | $ | 6,168 |  |  | $ | 5,624 |
International: |  |  |  |  |  |  |  |
Europe |  | 1,520 |  |  | 1,678 |  |  | 2,920 |  |  | 3,429 |
Asia Pacific |  | 981 |  |  | 1,003 |  |  | 1,922 |  |  | 1,963 |
Other |  | 183 |  |  | 176 |  |  | 321 |  |  | 338 |
Net sales |  | $ | 6,113 |  |  | $ | 5,934 |  |  | $ | 11,331 |  |  | $ | 11,354 |
Schedule of Contract Assets and Liabilities | Total contract assets and contract liabilities consisted of the following:
(In millions) |  | June 30, 2025 |  | December 31, 2024
Contract assets (included within Other current assets) |  | $ | 474 |  |  | $ | 366 |
Contract assets, non-current (included within Other assets) |  | 47 |  |  | 65 |
Total contract assets |  | 521 |  |  | 431 |
Contract liabilities (included within Accrued liabilities) |  | (549) |  |  | (553) |
Contract liabilities, non-current (included within Other long-term liabilities) |  | (178) |  |  | (164) |
Total contract liabilities |  | (727) |  |  | (717) |
Net contract assets (liabilities) |  | $ | (206) |  |  | $ | (286) |

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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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