v3.25.2
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue See the following disaggregated revenue table and related discussions by reportable business segment for details:
 Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Aerospace Technologies
Commercial Aviation Original Equipment$586 $668 $1,213 $1,342 
Commercial Aviation Aftermarket1,916 1,798 3,815 3,457 
Defense and Space1,805 1,425 3,451 2,761 
Net Aerospace Technologies sales4,307 3,891 8,479 7,560 
Industrial Automation
Sensing and Safety Technologies341 466 764 916 
Productivity Solutions and Services278 298 547 620 
Process Solutions1,538 1,509 3,006 3,005 
Warehouse and Workflow Solutions223 233 441 443 
Net Industrial Automation sales2,380 2,506 4,758 4,984 
Building Automation
Products1,125 908 2,154 1,721 
Building Solutions701 663 1,364 1,276 
Net Building Automation sales1,826 1,571 3,518 2,997 
Energy and Sustainability Solutions
UOP807 599 1,471 1,176 
Advanced Materials1,030 1,005 1,927 1,953 
Net Energy and Sustainability Solutions sales1,837 1,604 3,398 3,129 
Corporate and All Other2 5 21 12 
Net sales$10,352 $9,577 $20,174 $18,682 
The disaggregation of the Company's revenue based on timing of recognition is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Products, transferred point in time56 %57 %56 %57 %
Products, transferred over time13 11 12 11 
Net product sales69 68 68 68 
Services, transferred point in time5 5 5 5 
Services, transferred over time26 27 27 27 
Net service sales31 32 32 32 
Net sales100 %100 %100 %100 %
Contract with Customer Asset and Liability
The following table summarizes the Company's contract assets and liabilities balances:
 20252024
Contract assets—January 1$2,207 $2,013 
Contract assets—June 302,562 2,072 
Change in contract assets - increase (decrease)$355 $59 
Contract liabilities—January 1$(4,220)$(4,326)
Contract liabilities—June 30(4,371)(4,096)
Change in contract liabilities - (increase) decrease$(151)$230 
Net change$204 $289