REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 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:

(In millions)	2023		2022		2021
Electrical Americas
Products	$	2,949	$	2,732	$	2,255
Systems	7,149		5,765		4,987
Total	$	10,098	$	8,497	$	7,242
Electrical Global
Products	$	3,462	$	3,424	$	3,283
Systems	2,622		2,424		2,233
Total	$	6,084	$	5,848	$	5,516
Hydraulics
United States	$	—	$	—	$	534
Rest of World	—		—		766
Total	$	—	$	—	$	1,300
Aerospace
Original Equipment Manufacturers	$	1,350	$	1,209	$	1,018
Aftermarket	1,183		977		823
Industrial and Other	878		854		807
Total	$	3,413	$	3,039	$	2,648
Vehicle
Commercial	$	1,784	$	1,736	$	1,438
Passenger and Light Duty	1,180		1,094		1,141
Total	$	2,965	$	2,830	$	2,579
eMobility	$	636	$	538	$	343
Total net sales	$	23,196	$	20,752	$	19,628

Schedule of Changes in Deferred Revenue Liabilities

Changes in the deferred revenue liabilities are as follows:

(In millions)	Deferred Revenue
Balance at January 1, 2022	$	422
Customer deposits and billings	1,656
Revenue recognized in the period	(1,541)
Translation and other	(29)
Balance at December 31, 2022	$	508
Customer deposits and billings	2,368
Revenue recognized in the period	(2,256)
Translation	6
Balance at December 31, 2023	$	626