v3.24.2
REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Sales Disaggregated by Product and Service
Sales disaggregated by product and service are as follows:

 Three Months Ended June 30,Six Months Ended June 30,
(In millions)2024202320242023
Sales Type
Product$4,468 $3,754 $8,541 $6,955 
Service502 462 970 883 
HVAC sales4,970 4,216 9,511 7,838 
Product851 858 1,623 1,645 
Service122 114 234 225 
Refrigeration sales973 972 1,857 1,870 
Product809 869 1,634 1,682 
Service62 63 124 119 
Fire & Security sales871 932 1,758 1,801 
Total segment sales6,814 6,120 13,126 11,509 
Eliminations and other(125)(128)(255)(244)
Net sales$6,689 $5,992 $12,871 $11,265 
Schedule of Contract Assets and Liabilities
Total contract assets and contract liabilities consisted of the following:

(In millions)June 30,
2024		December 31,
2023
Contract assets$333 $306 
Contract assets, non-current (included within Other assets)
40 26 
Total contract assets373 332 
Contract liabilities(493)(425)
Contract liabilities, non-current (included within Other long-term liabilities)
(161)(160)
Total contract liabilities (654)(585)
Net contract assets (liabilities)$(281)$(253)