v3.26.1
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)
 12 Months Ended
Dec. 31, 2025
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:
Years Ended December 31,
 202520242023
Aerospace Technologies 
Commercial Aviation Original Equipment$2,513 $2,223 $2,397 
Commercial Aviation Aftermarket7,777 7,144 6,241 
Defense and Space7,220 6,091 4,986 
Net Aerospace Technologies sales17,510 15,458 13,624 
Building Automation
Products3,941 3,475 3,358 
Solutions
3,426 3,065 2,673 
Net Building Automation sales7,367 6,540 6,031 
Process Automation and Technology
Projects2,717 2,270 2,257 
Aftermarket3,720 3,649 3,426 
Net Process Automation and Technology sales6,437 5,919 5,683 
Industrial Automation
Products4,284 5,026 5,387 
Solutions1,814 1,750 2,272 
Net Industrial Automation sales6,098 6,776 7,659 
Corporate and All Other30 24 12 
Net sales$37,442 $34,717 $33,009 
The disaggregation of the Company's revenue based on timing of recognition is as follows:
Years Ended December 31,
 202520242023
Products, transferred point in time52 %53 %54 %
Products, transferred over time13 13 14 
Net product sales65 66 68 
Services, transferred point in time5 4 11 
Services, transferred over time30 30 21 
Net service sales35 34 32 
Net sales100 %100 %100 %
Schedule Of Contract with Customer, Asset and Liability
The following table summarizes the Company's contract assets and liabilities balances:
 20252024
Contract assets—January 1$2,155 $2,013 
Contract assets—December 311
2,403 2,155 
Change in contract assets—increase (decrease)248 142 
Contract liabilities—January 1(4,120)(4,214)
Contract liabilities—December 312
(3,839)(4,120)
Change in contract liabilities—decrease (increase)281 94 
Net change$529 $236 
1
As of December 31, 2025 and 2024, contract assets excludes $68 million and $3 million, respectively, that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.
2
As of December 31, 2025 and 2024, contract liabilities excludes $379 million and $21 million, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.