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REVENUE RECOGNITION (Tables)

6 Months Ended

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

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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