v3.26.1
SEGMENT FINANCIAL DATA (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Net Sales and Operating Profit by Segment
A summary of results by reportable segment are as follows:

Three Months Ended March 31, 2026
(In millions)CSACSECSAMECSTSegment Total
Net sales$2,501 $1,293 $834 $713 $5,341 
Cost of goods sold(1,770)(904)(640)(525)(3,839)
Research and development(77)(21)(15)(15)(128)
Selling, general and administrative(280)(280)(117)(74)(751)
Equity method investment net earnings13 (1)17 3 32 
Other income (expense), net(14)2 2 (1)(11)
Segment operating profit$373 $89 $81 $101 $644 
Three Months Ended March 31, 2025
(In millions)CSACSECSAMECSTSegment Total
Net sales$2,572 $1,169 $826 $651 $5,218 
Cost of goods sold(1,700)(788)(609)(471)(3,568)
Research and development(86)(18)(15)(16)(135)
Selling, general and administrative(250)(257)(112)(69)(688)
Equity method investment net earnings26 (2)18 2 44 
Other income (expense), net8 1 13 — 22 
Segment operating profit$570 $105 $121 $97 $893 
Schedule of Reconciliation of Revenue from Segments to Consolidated
Three Months Ended
 March 31,
(In millions)20262025
Reconciliation to Earnings before income taxes
Segment operating profit$644 $893 
Corporate and other(50)(45)
Restructuring costs(108)(8)
Amortization of acquired intangible assets(213)(201)
Acquisition/divestiture-related costs(14)(10)
Non-service pension (expense) benefit1 1 
Interest (expense) income, net(90)(82)
Earnings before income taxes$170 $548 
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