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GOODWILL AND OTHER INTANGIBLE ASSETS-NET (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the change in the carrying amount of goodwill for the years ended December 31, 2024, and 2023, by reportable business segment:
Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Goodwill
December 31, 2022$2,376 $9,183 $3,338 $1,726 $874 $17,497 
Acquisitions— 392 — — — 392 
Currency translation adjustment10 75 42 32 160 
December 31, 20232,386 9,650 3,380 1,727 906 18,049 
Acquisitions660 — 2,827 876 — 4,363 
Currency translation adjustment(18)(75)(71)(5)(7)(176)
Reclassified to Assets held for sale— (411)— — — (411)
December 31, 2024$3,028 $9,164 $6,136 $2,598 $899 $21,825 
Other Intangible Assets
Other intangible assets are comprised of:
 December 31, 2024December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Definite-life intangibles
      
Patents and technology$3,513 $(1,849)$1,664 $2,399 $(1,837)$562 
Customer relationships6,411 (2,251)4,160 4,199 (2,601)1,598 
Trademarks398 (296)102 362 (284)78 
Other561 (270)291 299 (277)22 
Total definite-life intangibles—net
10,883 (4,666)6,217 7,259 (4,999)2,260 
Indefinite-life intangibles
Trademarks2
439 — 439 971 — 971 
Total Other intangible assets—net1
$11,322 $(4,666)$6,656 $8,230 $(4,999)$3,231 
1
As of December 31, 2024, Total Other intangible assets—net excludes net carrying amount of $116 million of customer relationships and net carrying amount of $481 million of indefinite-life trademarks that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.
2
An impairment charge of $48 million was recorded on indefinite-lived intangible assets related to the personal protective equipment business during year ended December 31, 2024.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Estimated future intangible asset amortization expense for each of the next five years for intangible assets recorded as of December 31, 2024, is as follows:
 December 31, 2024
2025$484 
2026495 
2027504 
2028495 
2029481