v3.26.1
REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Sales Disaggregated by Product and Service
External segment sales disaggregated by product and service are as follows:

Three Months Ended
 March 31,
(In millions)20262025
Sales Type
Product$2,214 $2,319 
Service287 253 
Climate Solutions Americas sales2,501 2,572 
Product1,154 1,071 
Service139 98 
Climate Solutions Europe sales1,293 1,169 
Product642 660 
Service192 166 
Climate Solutions Asia Pacific, Middle East & Africa sales834 826 
Product657 602 
Service56 49 
Climate Solutions Transportation sales713 651 
Net sales$5,341 $5,218 
Geographic external sales are attributed to the geographic regions based on their location of origin. With the exception of the United States as presented in the table below, there were no individually significant countries with sales exceeding 10% of total sales during the three months ended March 31, 2026 and 2025.

Three Months Ended
 March 31,
(In millions)20262025
United States $2,657 $2,738 
International:
Europe1,549 1,401 
Asia Pacific986 941 
Other149 138 
Net sales$5,341 $5,218 
Schedule of Contract Assets and Liabilities
Total contract assets and contract liabilities consisted of the following:

(In millions)March 31,
2026
December 31,
2025
Contract assets (included within Other current assets)
$527 $499 
Contract assets, non-current (included within Other assets)
79 83 
Total contract assets606 582 
Contract liabilities (included within Accrued liabilities)
(722)(691)
Contract liabilities, non-current (included within Other long-term liabilities)
(208)(203)
Total contract liabilities (930)(894)
Net contract assets (liabilities)$(324)$(312)