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SEGMENT FINANCIAL DATA (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Net sales and Operating profit by segment are as follows:

Net SalesOperating Profit
(In millions)202220212020202220212020
HVAC$13,408 $11,390 $9,478 $2,610 $1,738 $2,462 
Refrigeration3,883 4,127 3,333 483 476 357 
Fire & Security3,570 5,515 4,985 1,630 662 584 
Total segment20,861 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 AssetsCapital ExpendituresDepreciation & Amortization
(In millions)20222021202220212020202220212020
HVAC$3,191 $2,375 $232 $225 $188 $256 $186 $163 
Refrigeration1,279 1,285 32 39 26 31 36 39 
Fire & Security1,492 1,203 40 49 51 58 83 108 
Total Segment5,962 4,863 304 313 265 345 305 310 
Eliminations and other48 13 49 31 47 35 33 26 
Consolidated$6,010 $4,876 $353 $344 $312 $380 $338 $336 
Cash and cash equivalents3,520 2,987 
Other assets, current349 376 
Assets held for sale— 3,168 
Total current assets $9,879 $11,407 
Schedule of Revenue from External Customers by Geographic Areas
Segment sales disaggregated by product and service are as follows:

(In millions)202220212020
Sales Type
Product$11,882 $9,985 $8,165 
Service1,526 1,405 1,313 
HVAC sales13,408 11,390 9,478 
Product3,432 3,653 2,927 
Service451 474 406 
Refrigeration sales3,883 4,127 3,333 
Product3,372 3,985 3,585 
Service198 1,530 1,400 
Fire & Security sales3,570 5,515 4,985 
Total segment sales20,861 21,032 17,796 
Eliminations and other(440)(419)(340)
Consolidated$20,421 $20,613 $17,456 
External SalesLong-Lived Assets
(In millions)20222021202020222021
United States Operations$11,797 $10,492 $9,105 $803 $772 
International Operations
Europe4,359 5,776 4,935 453 476 
Asia Pacific3,489 3,464 2,655 573 279 
Other776 881 761 412 299 
Consolidated$20,421 $20,613 $17,456 $2,241 $1,826