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REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue See the following disaggregated revenue table and related discussions by reportable business segment for details:
 Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Aerospace Technologies
Commercial Aviation Original Equipment$668 $607 $1,342 $1,148 
Commercial Aviation Aftermarket1,798 1,533 3,457 2,956 
Defense and Space1,425 1,201 2,761 2,348 
Net Aerospace Technologies sales3,891 3,341 7,560 6,452 
Industrial Automation
Sensing and Safety Technologies466 518 916 1,011 
Productivity Solutions and Services298 329 620 690 
Process Solutions1,509 1,482 3,005 2,967 
Warehouse and Workflow Solutions233 398 443 862 
Net Industrial Automation sales2,506 2,727 4,984 5,530 
Building Automation
Products908 918 1,721 1,826 
Building Solutions663 592 1,276 1,171 
Net Building Automation sales1,571 1,510 2,997 2,997 
Energy and Sustainability Solutions
UOP599 623 1,176 1,188 
Advanced Materials1,005 944 1,953 1,840 
Net Energy and Sustainability Solutions sales1,604 1,567 3,129 3,028 
Corporate and All Other5 1 12 3 
Net sales$9,577 $9,146 $18,682 $18,010 
The disaggregation of the Company's revenue based off timing of recognition is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Products, transferred point in time57 %58 %57 %58 %
Products, transferred over time11 12 11 13 
Net product sales68 70 68 71 
Services, transferred point in time5 11 5 9 
Services, transferred over time27 19 27 20 
Net service sales32 30 32 29 
Net sales100 %100 %100 %100 %
Contract with Customer Asset and Liability
The following table summarizes the Company's contract assets and liabilities balances:
 20242023
Contract assets—January 1$2,013 $2,294 
Contract assets—June 302,072 2,438 
Change in contract assets—increase (decrease)$59 $144 
Contract liabilities—January 1$(4,326)$(4,583)
Contract liabilities—June 30(4,096)(4,179)
Change in contract liabilities—decrease (increase)$230 $404 
Net change$289 $548 
Revenue Remaining Performance Obligation Expected Timing of Satisfaction
The following table outlines the Company's remaining performance obligations disaggregated by reportable business segment:
 June 30, 2024
Aerospace Technologies$13,724 
Industrial Automation5,880 
Building Automation7,707 
Energy and Sustainability Solutions4,667 
Corporate and All Other1
32 
Total performance obligations$32,010 
1
The remaining performance obligations within Corporate and All Other relate to the Quantinuum business.