SEGMENT FINANCIAL DATA (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Segment Financial Data

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net sales
Aerospace Technologies
Products	$	2,148	$	1,824	$	6,300	$	5,294
Services	1,764		1,675		5,172		4,657
Net Aerospace Technologies sales	3,912		3,499		11,472		9,951
Industrial Automation
Products	1,755		1,885		5,332		6,105
Services	746		745		2,153		2,055
Net Industrial Automation sales	2,501		2,630		7,485		8,160
Building Automation
Products	1,281		1,172		3,492		3,463
Services	464		358		1,250		1,064
Net Building Automation sales	1,745		1,530		4,742		4,527
Energy and Sustainability Solutions
Products	1,406		1,414		4,206		4,183
Services	157		137		486		396
Net Energy and Sustainability Solutions sales	1,563		1,551		4,692		4,579
Corporate and All Other
Services	7		2		19		5
Net Corporate and All Other sales	7		2		19		5
Net sales	$	9,728	$	9,212	$	28,410	$	27,222
Segment profit
Aerospace Technologies	$	1,082	$	968	$	3,177	$	2,729
Industrial Automation	508		519		1,459		1,649
Building Automation	452		392		1,199		1,164
Energy and Sustainability Solutions	383		378		1,091		1,043
Corporate and All Other	(129)		(87)		(337)		(287)
Total segment profit	2,296		2,170		6,589		6,298
Interest and other financial charges	(297)		(206)		(767)		(563)
Interest income	110		89		325		241
Amortization of acquisition-related intangibles	(120)		(87)		(275)		(216)
Impairment of assets held for sale	(125)		—		(125)		—
Stock compensation expense1	(45)		(39)		(153)		(148)
Pension ongoing income2	145		131		430		391
Other postretirement income2	3		6		13		19
Repositioning and other charges3	(52)		(88)		(189)		(331)
Other expense4	(91)		(9)		(179)		(38)
Income before taxes	$	1,824	$	1,967	$	5,669	$	5,653

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.