GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2024

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, 2023		Translation		December 31, 2023		Additions		Translation		December 31, 2024
Electrical Americas	$	7,402	$	13	$	7,415	$	17	$	(35)	$	7,396
Electrical Global	3,929		109		4,038		—		(196)		3,842
Aerospace	2,844		57		2,901		—		(45)		2,856
Vehicle	287		2		289		—		(4)		285
eMobility	334		1		334		—		(1)		333
Total	$	14,796	$	181	$	14,977	$	17	$	(281)	$	14,713

Schedule of Other Intangible Assets

A summary of other intangible assets is as follows:

	December 31
	2024				2023
(In millions)	Historical cost		Accumulated amortization		Historical cost		Accumulated amortization
Intangible assets not subject to amortization
Trademarks	$	1,200			$	1,207
Intangible assets subject to amortization
Customer relationships	$	4,659	$	2,577	$	4,742	$	2,423
Patents and technology	1,979		1,056		1,990		948
Trademarks	1,107		693		1,123		642
Other	169		131		176		133
Total intangible assets subject to amortization	$	7,915	$	4,456	$	8,031	$	4,146

Schedule of Amortization Expense of Intangible Assets

Amortization expense related to intangible assets subject to amortization in 2024, and estimated amortization expense for each of the next five years, is as follows:

(In millions)
2024	$	405
2025	396
2026	381
2027	372
2028	308
2029	271