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REPOSITIONING AND OTHER CHARGES (Tables)
6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Repositioning and Other Charges
A summary of net repositioning and other charges follows:
Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Severance$20 $19 $53 $86 
Asset impairments21 
Exit costs18 38 33 62 
Reserve adjustments(12)(12)(27)(17)
Total net repositioning charges27 54 61 152 
Asbestos-related charges, net of insurance and reimbursements18 34 36 55 
Probable and reasonably estimable environmental liabilities, net of reimbursements(1)12 23 34 
Other charges— 17 
Total net repositioning and other charges$44 $102 $137 $243 
Pretax Distribution of Total Net Repositioning and Other Charges
The following table summarizes the pre-tax distribution of total net repositioning and other charges by classification in the Consolidated Statement of Operations:
 Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Cost of products and services sold$28 $63 $86 $143 
Selling, general and administrative expenses16 26 34 91 
Other (income) expense— 13 17 
Total net repositioning and other charges$44 $102 $137 $243 
Pretax Impact of Total Net Repositioning and Other Charges by Segment
The following table summarizes the pre-tax amount of total net repositioning and other charges by reportable business segment. These amounts are excluded from segment profit as described in Note 18 Segment Financial Data:
Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Aerospace Technologies$$$$11 
Industrial Automation11 41 28 89 
Building Automation(4)— 31 
Energy and Sustainability Solutions(6)19 
Corporate and All Other33 55 82 107 
Total net repositioning and other charges$44 $102 $137 $243 
Total Repositioning Reserves
The following table summarizes the status of the Company's total repositioning reserves:
Severance
Costs
Asset
Impairments
Exit
Costs
Total
Balance at December 31, 2023
$188 $ $91 $279 
Charges53 33 88 
Usage—cash(56)— (53)(109)
Usage—noncash— — — — 
Foreign currency translation— — — — 
Adjustments(18)(2)(7)(27)
Balance at June 30, 2024
$167 $ $64 $231