BUSINESS ACQUISITIONS, DISPOSITIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill are as follows:

(dollars in millions)	HVAC		Refrigeration		Fire & Security		Total
Balance as of January 1, 2020	$	5,351	$	1,228	$	3,305	$	9,884
Foreign currency translation	(44)		(10)		(95)		(149)
Balance as of June 30, 2020	$	5,307	$	1,218	$	3,210	$	9,735

Intangible Assets Disclosure

Identifiable intangible assets are comprised of the following:

	June 30, 2020				December 31, 2019
(dollars in millions)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized:
Customer relationships	$	1,474	$	(1,181)	$	1,479	$	(1,154)
Patents and trademarks	287		(206)		287		(201)
Monitoring lines	66		(53)		67		(52)
Service portfolios and other	629		(517)		629		(506)
	2,456		(1,957)		2,462		(1,913)
Unamortized:
Trademarks and other	525		—		534		—
Intangible assets, net	$	2,981	$	(1,957)	$	2,996	$	(1,913)

Schedule of Indefinite-Lived Intangible Assets

Identifiable intangible assets are comprised of the following:

	June 30, 2020				December 31, 2019
(dollars in millions)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized:
Customer relationships	$	1,474	$	(1,181)	$	1,479	$	(1,154)
Patents and trademarks	287		(206)		287		(201)
Monitoring lines	66		(53)		67		(52)
Service portfolios and other	629		(517)		629		(506)
	2,456		(1,957)		2,462		(1,913)
Unamortized:
Trademarks and other	525		—		534		—
Intangible assets, net	$	2,981	$	(1,957)	$	2,996	$	(1,913)