SEGMENT FINANCIAL DATA (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Financial Data

	Years Ended December 31,
	2023		2022		2021
Net sales
Aerospace Technologies
Products	$	7,316	$	6,330	$	6,158
Services	6,308		5,497		4,868
Net Aerospace Technologies sales	13,624		11,827		11,026
Industrial Automation
Products	8,176		9,439		10,403
Services	2,580		2,199		2,022
Net Industrial Automation sales	10,756		11,638		12,425
Building Automation
Products	4,599		4,591		4,098
Services	1,432		1,409		1,441
Net Building Automation sales	6,031		6,000		5,539
Energy and Sustainability Solutions
Products	5,682		5,600		4,984
Services	557		396		418
Net Energy and Sustainability Solutions sales	6,239		5,996		5,402
Corporate and All Other
Services	12		5		—
Net Corporate and All Other sales	12		5		—
Net sales	$	36,662	$	35,466	$	34,392
Depreciation and amortization
Aerospace Technologies	$	267	$	285	$	278
Industrial Automation	386		422		439
Building Automation	107		92		67
Energy and Sustainability Solutions	253		247		252
Corporate and All Other	163		158		102
Total depreciation and amortization	$	1,176	$	1,204	$	1,138
Segment profit
Aerospace Technologies	$	3,741	$	3,228	$	3,051
Industrial Automation	1,967		1,896		1,824
Building Automation	1,505		1,439		1,238
Energy and Sustainability Solutions	1,483		1,538		1,325
Corporate and All Other	(392)		(412)		(226)
Total segment profit	$	8,304	$	7,689	$	7,212

	Years Ended December 31,
	2023		2022		2021
Capital expenditures
Aerospace Technologies	$	310	$	246	$	284
Industrial Automation	194		77		232
Building Automation	79		74		62
Energy and Sustainability Solutions	374		291		223
Corporate and All Other	82		78		94
Total capital expenditures	$	1,039	$	766	$	895

	Years Ended December 31,
	2023		2022
Total assets
Aerospace Technologies	$	12,976	$	12,189
Industrial Automation	22,026		21,337
Building Automation	6,723		6,599
Energy and Sustainability Solutions	8,048		7,442
Corporate and All Other	11,752		14,708
Total assets	$	61,525	$	62,275

Reconciliation of Operating Profit Loss From Segments to Consolidated

A reconciliation of segment profit to consolidated income before taxes are as follows:

	Years Ended December 31,
	2023		2022		2021
Segment profit	$	8,304	$	7,689	$	7,212
Interest and other financial charges	(765)		(414)		(343)
Interest income	321		138		102
Stock compensation expense1	(202)		(188)		(217)
Pension ongoing income2	528		993		1,083
Pension mark-to-market expense	(153)		(523)		(40)
Other postretirement income2	29		41		71
Repositioning and other charges3	(860)		(1,266)		(569)
Other expense4	(43)		(91)		(64)
Income before taxes	$	7,159	$	6,379	$	7,235

1	Amounts included in Selling, general and administrative expenses.
2	Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component).
3	Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.
4	Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit.