GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill by segment are as follows:

(In millions)	January 1, 2022		Additions		Translation		December 31, 2022		Translation		December 31, 2023
Electrical Americas	$	7,417	$	5	$	(19)	$	7,402	$	13	$	7,415
Electrical Global	4,183		2		(255)		3,929		109		4,038
Aerospace	2,781		184		(122)		2,844		57		2,901
Vehicle	290		—		(2)		287		2		289
eMobility	80		255		(1)		334		1		334
Total	$	14,751	$	445	$	(400)	$	14,796	$	181	$	14,977

Schedule of Other Intangible Assets

A summary of other intangible assets is as follows:

	December 31
	2023				2022
(In millions)	Historical cost		Accumulated amortization		Historical cost		Accumulated amortization
Intangible assets not subject to amortization
Trademarks	$	1,207			$	1,201
Intangible assets subject to amortization
Customer relationships	$	4,742	$	2,423	$	4,677	$	2,156
Patents and technology	1,990		948		1,987		830
Trademarks	1,123		642		1,113		570
Other	176		133		175		111
Total intangible assets subject to amortization	$	8,031	$	4,146	$	7,952	$	3,667

Schedule of Amortization Expense of Intangible Assets

Amortization expense related to intangible assets subject to amortization in 2023, and estimated amortization expense for each of the next five years, is as follows:

(In millions)
2023	$	432
2024	406
2025	401
2026	385
2027	376
2028	315