Segment Financial Data (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment information for the quarter ended March 31, 2025 is as follows:

	Quarter Ended March 31, 2025
(dollars in millions)	New Equipment		Service		Total
Net Sales	$	1,163	$	2,187	$	3,350
Costs and expenses:
Cost of sales	962		1,363		2,325
Selling, general and administrative	110		282		392
Other including research and development	25		5		30
Total segment operating profit	$	66	$	537	603
Corporate and Unallocated
General corporate expenses and other					43
UpLift restructuring					20
Other restructuring					23
UpLift transformation costs					23
Separation-related adjustments					52
Litigation-related settlement costs					21
Held for sale impairment					10
Total company operating profit					411
Non-service pension cost (benefit)					—
Interest expense (income), net					45
Net income before income taxes					$	366

Segment information for the quarter ended March 31, 2024 is as follows:

	Quarter Ended March 31, 2024
(dollars in millions)	New Equipment		Service		Total
Net Sales	$	1,280	$	2,157	$	3,437
Costs and expenses:
Cost of sales	1,065		1,339		2,404
Selling, general and administrative	121		291		412
Other including research and development	23		4		27
Total segment operating profit	$	71	$	523	594
Corporate and Unallocated
General corporate expenses and other					33
UpLift restructuring					1
Other restructuring					19
UpLift transformation costs					12
Separation-related adjustments					(15)
Total company operating profit					544
Non-service pension cost (benefit)					—
Interest expense (income), net					44
Net income before income taxes					$	500