v3.24.3
REVENUE RECOGNITION (Tables)
 9 Months Ended
Sep. 30, 2024
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)2024202320242023
Electrical Americas
Products$794 $748 $2,272 $2,221 
Systems2,169 1,846 6,258 5,205 
Total$2,963 $2,594 $8,530 $7,426 
Electrical Global
Products$879 $848 $2,604 $2,620 
Systems694 655 2,074 1,952 
Total$1,573 $1,503 $4,678 $4,572 
Aerospace
Original Equipment Manufacturers$366 $342 $1,110 $980 
Aftermarket341 302 961 863 
Industrial and Other239 223 701 674 
Total$946 $867 $2,772 $2,517 
Vehicle
Commercial$426 $452 $1,311 $1,359 
Passenger and Light Duty270 301 831 884 
Total$696 $753 $2,143 $2,242 
eMobility$167 $163 $514 $471 
Total net sales$6,345 $5,880 $18,638 $17,229 
Schedule of Changes in Deferred Revenue Liabilities
Changes in the deferred revenue liabilities are as follows:
(In millions)Deferred Revenue
Balance at January 1, 2024
$626 
Customer deposits and billings1,999 
Revenue recognized in the period(2,009)
Translation6 
Balance at September 30, 2024
$622 
(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