v3.26.1
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue See the following disaggregated revenue table and related discussions by reportable business segment for details:
 Three Months Ended March 31,
20262025
Aerospace Technologies
Commercial Aviation Original Equipment$648 $627 
Commercial Aviation Aftermarket1,959 1,899 
Defense and Space1,715 1,646 
Net Aerospace Technologies sales4,322 4,172 
Building Automation
Products1,005 905 
Solutions877 787 
Net Building Automation sales
1,882 1,692 
Process Automation and Technology
Projects686 602 
Aftermarket827 843 
Net Process Automation and Technology sales
1,513 1,445 
Industrial Automation
Products958 1,173 
Solutions463 424 
Net Industrial Automation sales
1,421 1,597 
Corporate and All Other5 19 
Net sales$9,143 $8,925 
The disaggregation of the Company's revenue based on timing of recognition is as follows:
Three Months Ended March 31,
20262025
Products, transferred point in time49 %53 %
Products, transferred over time15 12 
Net product sales64 65 
Services, transferred point in time7 5 
Services, transferred over time29 30 
Net service sales36 35 
Net sales100 %100 %
Schedule of Contract with Customer Asset and Liability
The following table summarizes the Company's contract assets and liabilities balances:
 20262025
Contract assets—January 1$2,403 $2,155 
Contract assets—March 31
2,667 2,335 
Change in contract assets - increase (decrease)$264 $180 
Contract liabilities—January 1$(3,839)$(4,120)
Contract liabilities—March 31
(4,230)(4,259)
Change in contract liabilities - (increase) decrease$(391)$(139)
Net change$(127)$41