Schedule of Segment Reporting Information, by Segment |
Net sales and Operating profit by segment are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Sales | | Operating Profit | (In millions) | 2022 | | 2021 | | 2020 | | 2022 | | 2021 | | 2020 | HVAC | $ | 13,408 | | | $ | 11,390 | | | $ | 9,478 | | | $ | 2,610 | | | $ | 1,738 | | | $ | 2,462 | | Refrigeration | 3,883 | | | 4,127 | | | 3,333 | | | 483 | | | 476 | | | 357 | | Fire & Security | 3,570 | | | 5,515 | | | 4,985 | | | 1,630 | | | 662 | | | 584 | | Total segment | 20,861 | | | 21,032 | | | 17,796 | | | 4,723 | | | 2,876 | | | 3,403 | | Eliminations and other | (440) | | | (419) | | | (340) | | | (80) | | | (96) | | | (184) | | General corporate expenses | — | | | — | | | — | | | (128) | | | (135) | | | (136) | | Consolidated | $ | 20,421 | | | $ | 20,613 | | | $ | 17,456 | | | $ | 4,515 | | | $ | 2,645 | | | $ | 3,083 | |
Total assets are not presented for each segment as they are not presented to or reviewed by the CODM. Segment assets in the following table represent Accounts receivable, net, Contract assets, current and Inventories, net. These assets are regularly reviewed by management and are therefore reported in the following table as segment assets. All other remaining assets and liabilities for all periods presented are managed on a company-wide basis.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Segment Assets | | Capital Expenditures | | Depreciation & Amortization | (In millions) | 2022 | | 2021 | | | | 2022 | | 2021 | | 2020 | | 2022 | | 2021 | | 2020 | HVAC | $ | 3,191 | | | $ | 2,375 | | | | | $ | 232 | | | $ | 225 | | | $ | 188 | | | $ | 256 | | | $ | 186 | | | $ | 163 | | Refrigeration | 1,279 | | | 1,285 | | | | | 32 | | | 39 | | | 26 | | | 31 | | | 36 | | | 39 | | Fire & Security | 1,492 | | | 1,203 | | | | | 40 | | | 49 | | | 51 | | | 58 | | | 83 | | | 108 | | Total Segment | 5,962 | | | 4,863 | | | | | 304 | | | 313 | | | 265 | | | 345 | | | 305 | | | 310 | | Eliminations and other | 48 | | | 13 | | | | | 49 | | | 31 | | | 47 | | | 35 | | | 33 | | | 26 | | Consolidated | $ | 6,010 | | | $ | 4,876 | | | | | $ | 353 | | | $ | 344 | | | $ | 312 | | | $ | 380 | | | $ | 338 | | | $ | 336 | | Cash and cash equivalents | 3,520 | | | 2,987 | | | | | | | | | | | | | | | | Other assets, current | 349 | | | 376 | | | | | | | | | | | | | | | | Assets held for sale | — | | | 3,168 | | | | | | | | | | | | | | | | Total current assets | $ | 9,879 | | | $ | 11,407 | | | | | | | | | | | | | | | |
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Schedule of Revenue from External Customers by Geographic Areas |
Segment sales disaggregated by product and service are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | | 2022 | | 2021 | | 2020 | Sales Type | | | | | | | Product | | $ | 11,882 | | | $ | 9,985 | | | $ | 8,165 | | Service | | 1,526 | | | 1,405 | | | 1,313 | | HVAC sales | | 13,408 | | | 11,390 | | | 9,478 | | | | | | | | | Product | | 3,432 | | | 3,653 | | | 2,927 | | Service | | 451 | | | 474 | | | 406 | | Refrigeration sales | | 3,883 | | | 4,127 | | | 3,333 | | | | | | | | | Product | | 3,372 | | | 3,985 | | | 3,585 | | Service | | 198 | | | 1,530 | | | 1,400 | | Fire & Security sales | | 3,570 | | | 5,515 | | | 4,985 | | Total segment sales | | 20,861 | | | 21,032 | | | 17,796 | | | | | | | | | Eliminations and other | | (440) | | | (419) | | | (340) | | Consolidated | | $ | 20,421 | | | $ | 20,613 | | | $ | 17,456 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | External Sales | | Long-Lived Assets | | | | (In millions) | | 2022 | | 2021 | | 2020 | | 2022 | | 2021 | | | | United States Operations | | $ | 11,797 | | | $ | 10,492 | | | $ | 9,105 | | | $ | 803 | | | $ | 772 | | | | | International Operations | | | | | | | | | | | | | | Europe | | 4,359 | | | 5,776 | | | 4,935 | | | 453 | | | 476 | | | | | Asia Pacific | | 3,489 | | | 3,464 | | | 2,655 | | | 573 | | | 279 | | | | | Other | | 776 | | | 881 | | | 761 | | | 412 | | | 299 | | | | | Consolidated | | $ | 20,421 | | | $ | 20,613 | | | $ | 17,456 | | | $ | 2,241 | | | $ | 1,826 | | | | |
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