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v3.25.2

SEGMENT FINANCIAL DATA - Schedule of Net Sales and Geographic External Sales (Details) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2025 USD ($) segment | Jun. 30, 2024 USD ($)
Segment Reporting Information [Line Items] |  |  |  |
Number of operating segments | segment |  |  | 4 |
Number of reportable segments | segment |  |  | 4 |
Net sales | $ 6,113 | $ 5,934 | $ 11,331 | $ 11,354
Research and development | (161) | (160) | (314) | (352)
Selling, general and administrative | (813) | (789) | (1,542) | (1,596)
Equity method investment net earnings | 78 | 90 | 122 | 121
Other income (expense), net | 30 | 8 | 52 | (24)
Operating profit | 903 | 724 | 1,532 | 1,109
United States |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 3,429 | 3,077 | 6,168 | 5,624
Europe |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 1,520 | 1,678 | 2,920 | 3,429
Asia Pacific |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 981 | 1,003 | 1,922 | 1,963
Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 183 | 176 | 321 | 338
Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 6,113 | 5,934 | 11,331 | 11,354
Cost of goods sold | (4,116) | (4,066) | (7,685) | (7,809)
Research and development | (141) | (144) | (276) | (318)
Selling, general and administrative | (735) | (720) | (1,423) | (1,448)
Equity method investment net earnings | 78 | 89 | 122 | 120
Other income (expense), net | 42 | 8 | 65 | 15
Operating profit | 1,241 | 1,101 | 2,134 | 1,914
Operating Segments | Climate Solutions Americas |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 3,252 | 2,865 | 5,824 | 5,225
Cost of goods sold | (2,061) | (1,868) | (3,761) | (3,491)
Research and development | (89) | (91) | (175) | (200)
Selling, general and administrative | (277) | (237) | (527) | (467)
Equity method investment net earnings | 43 | 44 | 69 | 66
Other income (expense), net | 11 | 0 | 19 | 5
Operating profit | 879 | 713 | 1,449 | 1,138
Operating Segments | Climate Solutions Europe |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 1,253 | 1,194 | 2,422 | 2,486
Cost of goods sold | (883) | (834) | (1,671) | (1,659)
Research and development | (19) | (19) | (37) | (42)
Selling, general and administrative | (260) | (248) | (517) | (523)
Equity method investment net earnings | 1 | (1) | (1) | (2)
Other income (expense), net | 7 | 1 | 8 | 0
Operating profit | 99 | 93 | 204 | 260
Operating Segments | Climate Solutions Asia Pacific, Middle East & Africa |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 882 | 902 | 1,708 | 1,786
Cost of goods sold | (654) | (648) | (1,263) | (1,291)
Research and development | (16) | (16) | (31) | (36)
Selling, general and administrative | (126) | (131) | (238) | (258)
Equity method investment net earnings | 30 | 43 | 48 | 50
Other income (expense), net | 19 | 7 | 32 | 14
Operating profit | 135 | 157 | 256 | 265
Operating Segments | Climate Solutions Transportation |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 726 | 973 | 1,377 | 1,857
Cost of goods sold | (518) | (716) | (990) | (1,368)
Research and development | (17) | (18) | (33) | (40)
Selling, general and administrative | (72) | (104) | (141) | (200)
Equity method investment net earnings | 4 | 3 | 6 | 6
Other income (expense), net | 5 | 0 | 6 | (4)
Operating profit | $ 128 | $ 138 | $ 225 | $ 251

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