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Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Effective Tax Rate Reconciliation, Percent      
Statutory U.S. federal income tax rate 21.00% 21.00% 21.00%
Tax on international activities (0.70%) (3.10%) (4.00%)
Tax charges related to separation of Carrier and Otis and Raytheon merger 0.00% 0.00% (0.80%)
Disposals of businesses 0.00% 0.00% 2.20%
U.S. research and development credit (4.40%) (2.70%) (3.40%)
U.S. federal statute lapse (1.50%) 0.00% 0.00%
State income tax, net 0.40% 1.00% 3.40%
Foreign Derived Intangible Income (FDII) (3.70%) (3.50%) (2.40%)
U.K. corporate tax rate enactment 0.00% 0.00% 1.50%
Other 0.80% 0.20% 1.40%
Effective income tax rate 11.90% 12.90% 18.90%
Effective Tax Rate Reconciliation, Amount      
Statutory U.S. federal income tax rate $ 805 $ 1,285 $ 1,073
Tax on international activities (27) (186) (204)
Tax charges related to separation of Carrier and Otis and Raytheon merger 0 0 (39)
Disposals of businesses 0 0 108
U.S. research and development credit (168) (164) (172)
U.S. federal statute lapse (59) 0 0
State income tax, net 17 59 174
Foreign Derived Intangible Income (FDII) (142) (214) (121)
Effective Income Tax Rate Reconciliation, Change in U.K. Enacted Tax Rate, Amount 0 0 73
Other 30 10 72
Effective income tax rate $ 456 $ 790 $ 964