v3.25.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill were as follows:

(In millions)Climate Solutions AmericasClimate Solutions EuropeClimate Solutions Asia Pacific, Middle East & AfricaClimate Solutions TransportationTotal
Balance at December 31, 2022$4,533 $712 $1,223 $1,158 $7,626 
Goodwill resulting from business combinations (1)
10 — (9)(4)(3)
Reclassified to held for sale (2)
— — — (72)(72)
Foreign currency translation— (9)23 (45)(31)
Balance at December 31, 2023$4,543 $703 $1,237 $1,037 $7,520 
Goodwill resulting from business combinations (1)
526 6,861 235 33 7,655 
Foreign currency translation(10)(529)(92)57 (574)
Balance as of December 31, 2024$5,059 $7,035 $1,380 $1,127 $14,601 
(1) See Note 19 - Acquisitions for additional information.
(2) See Note 20 - Divestitures for additional information.
Schedule of Finite-Live Intangible Assets
The range of useful lives approximate the following (in years):

Customer relationships
1 to 30
Patents and trademarks
5 to 40
Monitoring lines
7 to 10
Service portfolio and other
1 to 50
Identifiable intangible assets consisted of the following:

20242023
(In millions)Gross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Customer relationships$5,607 $(939)$4,668 $1,056 $(445)$611 
Patents and trademarks885 (147)738 255 (96)159 
Service portfolios and other1,530 (504)1,026 431 (256)175 
Total intangible assets (1)
$8,022 $(1,590)$6,432 $1,742 $(797)$945 
(1) Indefinite-lived intangible assets were sold as part of the CRF Business divestiture.
Schedule of Indefinite-Lived Intangible Assets
Identifiable intangible assets consisted of the following:

20242023
(In millions)Gross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Customer relationships$5,607 $(939)$4,668 $1,056 $(445)$611 
Patents and trademarks885 (147)738 255 (96)159 
Service portfolios and other1,530 (504)1,026 431 (256)175 
Total intangible assets (1)
$8,022 $(1,590)$6,432 $1,742 $(797)$945 
(1) Indefinite-lived intangible assets were sold as part of the CRF Business divestiture.
Schedule of Future Amortization Expense
The estimated future amortization of intangible assets is as follows:

(In millions)20252026202720282029Thereafter
Future amortization$819 $779 $731 $660 $581 $2,862