DIVESTITURES (Tables)

6 Months Ended

Jun. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disclosure of Long Lived Assets Held-for-sale

The following table summarizes the assets and liabilities of Access Solutions divested as of the date of sale:


(In millions)			June 2, 2024
Cash and cash equivalents			$	82
Accounts receivable, net			90
Inventories, net			43
Contract assets			3
Other current assets			3
Fixed assets, net			18
Intangible assets, net			53
Goodwill			1,467
Operating lease right-of-use assets			16

Other assets			8
Total assets held for sale			$	1,783

Accounts payable			$	54
Accrued liabilities			20
Contract liabilities			60




Operating lease liabilities			17
Other long-term liabilities			10
Total liabilities held for sale			$	161

The following table summarizes assets and liabilities classified as held for sale:


			June 30, 2024
(In millions)			Commercial Refrigeration						Industrial Fire						Total
Cash and cash equivalents			$	151					$	40					$	191
Accounts receivable, net			207						93						300
Inventories, net			98						72						170
Contract assets			117						51						168
Other current assets			17						5						22
Fixed assets, net			79						24						103
Intangible assets, net			—						2						2
Goodwill			69						452						521
Operating lease right-of-use assets			48						26						74

Other assets			48						2						50
Total assets held for sale			$	834					$	767					$	1,601

Accounts payable			$	122					$	43					$	165
Accrued liabilities			149						55						204
Contract liabilities			24						19						43

Long-term debt, including current portion			7						—						7
Future pension and post-retirement obligations			196						—						196
Future income tax obligations			7						3						10
Operating lease liabilities			36						20						56
Other long-term liabilities			3						3						6
Total liabilities held for sale			$	544					$	143					$	687


			December 31, 2023
(In millions)			Commercial Refrigeration						Access Solutions						Industrial Fire						Total
Cash and cash equivalents			$	131					$	6					$	20					$	157
Accounts receivable, net			274						104						101						479
Inventories, net			84						31						65						180
Contract assets			98						2						42						142
Other current assets			15						3						4						22
Fixed assets, net			78						13						22						113
Intangible assets, net			—						53						2						55
Goodwill			72						1,498						439						2,009
Operating lease right-of-use assets			49						13						28						90

Other assets			44						10						13						67
Total assets held for sale			$	845					$	1,733					$	736					$	3,314

Accounts payable			$	129					$	20					$	39					$	188
Accrued liabilities			181						21						55						257
Contract liabilities			23						53						22						98

Long-term debt, including current portion			8						—						—						8
Future pension and post-retirement obligations			203						—						1						204
Future income tax obligations			4						2						3						9
Operating lease liabilities			40						11						23						74
Other long-term liabilities			3						12						9						24
Total liabilities held for sale			$	591					$	119					$	152					$	862