XML 66 R47.htm IDEA: XBRL DOCUMENT v3.22.4
RESTRUCTURING COSTS (Tables)
12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Schedule of Net Pre-Tax Restructuring Costs for New and Ongoing Restructuring Actions
The Company recorded net pre-tax restructuring costs for new and ongoing restructuring actions as follows:

(In millions)202220212020
HVAC$$33 $
Refrigeration10 25 12 
Fire & Security11 26 28 
Total Segment29 84 47 
General corporate expenses
Total restructuring costs$31 $89 $49 
Cost of sales$$28 $20 
Selling, general and administrative22 60 29 
Other income (expense), net— — 
Total restructuring costs$31 $89 $49 
Schedule of Reserves and Charges Related to the Restructuring Reserve
The following table summarizes the reserves and charges related to the restructuring reserve, included in Accrued liabilities on the accompanying Consolidated Balance Sheet:


(In millions)20222021
Balance as of January 1,$54 $49 
Net pre-tax restructuring costs31 89 
Utilization, foreign exchange and other(61)(76)
Reclassified as Liabilities held for sale (1)
— (8)
Balance as of December 31,$24 $54 
(1) See Note 20 - Divestitures for additional information.