v3.25.1
REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Sales
The following table provides disaggregated sales by lines of businesses, geographic destination, market channel or end market, as applicable, for the Company's operating segments:
Three months ended
March 31
(In millions)20252024
Electrical Americas
Products$743 $733 
Systems2,267 1,957 
Total$3,010 $2,690 
Electrical Global
Products$938 $844 
Systems672 656 
Total$1,610 $1,500 
Aerospace
Original Equipment Manufacturers$386 $355 
Aftermarket350 291 
Industrial and Other242 225 
Total$979 $871 
Vehicle
Commercial$360 $435 
Passenger and Light Duty257 290 
Total$617 $724 
eMobility$162 $158 
Total net sales$6,377 $5,943 
Schedule of Changes in Deferred Revenue Liabilities
Changes in the deferred revenue liabilities are as follows:
(In millions)Deferred Revenue
Balance at January 1, 2025
$618 
Customer deposits and billings853 
Revenue recognized in the period(813)
Translation
Balance at March 31, 2025
$665 
(In millions)Deferred Revenue
Balance at January 1, 2024
$626 
Customer deposits and billings657 
Revenue recognized in the period(612)
Translation(5)
Balance at March 31, 2024
$666