v3.25.2
Segment Financial Data (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment information for the quarters ended June 30, 2025 and 2024 is as follows:

Quarter Ended June 30, 2025Quarter Ended June 30, 2024
(dollars in millions)New EquipmentServiceTotalNew EquipmentServiceTotal
Net sales$1,276 $2,319 $3,595 $1,421 $2,180 $3,601 
Costs and expenses:
Cost of sales1,061 1,440 2,501 1,164 1,352 2,516 
Selling, general and administrative119 292 411 122 283 405 
Other including research and development28 9 37 25 7 32 
Total segment operating profit$68 $578 646 $110 $538 648 
Corporate and Unallocated
General corporate expenses and other34 35 
UpLift restructuring25 6 
Other restructuring12 5 
UpLift transformation costs18 15 
Separation-related adjustments9 (1)
Litigation-related settlement costs— 18 
Other, net1 — 
Total company operating profit547 570 
Non-service pension cost (benefit)— (1)
Interest expense (income), net26 27 
Net income before income taxes$521 $544 
Segment information for the six months ended June 30, 2025 and 2024 is as follows:

Six Months Ended June 30, 2025Six Months Ended June 30, 2024
(dollars in millions)New EquipmentServiceTotalNew EquipmentServiceTotal
Net sales$2,439 $4,506 $6,945 $2,701 $4,337 $7,038 
Costs and expenses:
Cost of sales2,023 2,803 4,826 2,229 2,691 4,920 
Selling, general and administrative229 574 803 243 574 817 
Other including research and development53 14 67 48 11 59 
Total segment operating profit$134 $1,115 1,249 $181 $1,061 1,242 
Corporate and Unallocated
General corporate expenses and other77 68 
UpLift restructuring45 7 
Other restructuring35 24 
UpLift transformation costs41 27 
Separation-related adjustments61 (16)
Litigation-related settlement costs21 18 
Held for sale impairment10 — 
Other, net1 — 
Total company operating profit958 1,114 
Non-service pension cost (benefit)— (1)
Interest expense (income), net71 71 
Net income before income taxes$887 $1,044