v3.23.3
REVENUE RECOGNITION (Tables)
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Sales
The following table provides disaggregated sales by lines of businesses, geographic destination, market channel or end market, as applicable, for the Company's operating segments:
Three months ended
September 30		Nine months ended
September 30
(In millions)2023202220232022
Electrical Americas
Products$748 $737 $2,221 $2,034 
Systems1,846 1,442 5,205 4,167 
Total$2,594 $2,179 $7,426 $6,201 
Electrical Global
Products$848 $855 $2,620 $2,609 
Systems655 631 1,952 1,809 
Total$1,503 $1,486 $4,572 $4,418 
Aerospace
Original Equipment Manufacturers$342 $303 $980 $881 
Aftermarket302 256 863 719 
Industrial and Other223 209 674 628 
Total$867 $768 $2,517 $2,227 
Vehicle
Commercial$452 $460 $1,359 $1,307 
Passenger and Light Duty301 284 884 816 
Total$753 $744 $2,242 $2,123 
eMobility$163 $137 $471 $399 
Total net sales$5,880 $5,313 $17,229 $15,368 
Schedule of Changes in Deferred Revenue Liabilities
Changes in the deferred revenue liabilities are as follows:
(In millions)Deferred Revenue
Balance at January 1, 2023
$508 
Customer deposits and billings1,684 
Revenue recognized in the period(1,563)
Translation1 
Balance at September 30, 2023
$630 
(In millions)Deferred Revenue
Balance at January 1, 2022
$422 
Customer deposits and billings1,135 
Revenue recognized in the period(1,086)
Translation and other(42)
Balance at September 30, 2022
$429