v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying value of goodwill were as follows:

(In millions)Climate Solutions AmericasClimate Solutions EuropeClimate Solutions Asia Pacific, Middle East & AfricaClimate Solutions TransportationTotal
Balance as of December 31, 2025$5,075 $7,808 $1,410 $1,208 $15,501 
Acquisitions10 — — — 10 
Reclassified to held for sale (1)
— 4 — — 4 
Foreign currency translation(2)(191)(1)(8)(202)
Balance as of March 31, 2026$5,083 $7,621 $1,409 $1,200 $15,313 
(1) See Note 15 - Divestitures for additional information.
Schedule of Finite-Live Intangible Assets
Identifiable intangible assets are amortized over their estimated useful lives and consisted of the following:

March 31, 2026December 31, 2025
(In millions)Gross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Customer relationships$6,009 $(1,697)$4,312 $6,143 $(1,573)$4,570 
Patents and trademarks942 (204)738 945 (191)754 
Technology and other1,657 (720)937 1,692 (690)1,002 
Total intangible assets$8,608 $(2,621)$5,987 $8,780 $(2,454)$6,326 
Schedule of Indefinite-Lived Intangible Assets
Identifiable intangible assets are amortized over their estimated useful lives and consisted of the following:

March 31, 2026December 31, 2025
(In millions)Gross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Customer relationships$6,009 $(1,697)$4,312 $6,143 $(1,573)$4,570 
Patents and trademarks942 (204)738 945 (191)754 
Technology and other1,657 (720)937 1,692 (690)1,002 
Total intangible assets$8,608 $(2,621)$5,987 $8,780 $(2,454)$6,326 
Schedule of Amortization of Intangible Assets
Amortization of intangible assets was as follows:

Three Months Ended
 March 31,
(In millions)20262025
Amortization expense of Intangible assets$217 $208