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

9 Months Ended

Sep. 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	2		5		15		22
Balance as of September 30, 2020	$	5,353	$	1,233	$	3,320	$	9,906

Intangible Assets Disclosure

Identifiable intangible assets are comprised of the following:

	September 30, 2020				December 31, 2019
(dollars in millions)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized:
Customer relationships	$	1,506	$	(1,223)	$	1,479	$	(1,154)
Patents and trademarks	293		(213)		287		(201)
Monitoring lines	67		(55)		67		(52)
Service portfolios and other	636		(528)		629		(506)
	2,502		(2,019)		2,462		(1,913)
Unamortized:
Trademarks and other	541		—		534		—
Intangible assets, net	$	3,043	$	(2,019)	$	2,996	$	(1,913)

Schedule of Indefinite-Lived Intangible Assets

Identifiable intangible assets are comprised of the following:

	September 30, 2020				December 31, 2019
(dollars in millions)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized:
Customer relationships	$	1,506	$	(1,223)	$	1,479	$	(1,154)
Patents and trademarks	293		(213)		287		(201)
Monitoring lines	67		(55)		67		(52)
Service portfolios and other	636		(528)		629		(506)
	2,502		(2,019)		2,462		(1,913)
Unamortized:
Trademarks and other	541		—		534		—
Intangible assets, net	$	3,043	$	(2,019)	$	2,996	$	(1,913)