v3.25.2
RESTRUCTURING COSTS (Tables)
 12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Net Pre-Tax Restructuring Costs
The Company recorded net pre-tax restructuring costs for new and ongoing restructuring actions as follows:

(In millions)202420232022
Climate Solutions Americas$9 $11 $2 
Climate Solutions Europe70 10 5 
Climate Solutions Asia Pacific, Middle East & Africa10 23 1 
Climate Solutions Transportation8 21 10 
Total Segment97 65 18 
Corporate and other11 10 2 
Total restructuring costs (1)
$108 $75 $20 
Cost of sales$42 $13 $6 
Selling, general and administrative66 62 14 
Total restructuring costs (1)
$108 $75 $20 
(1) 2024 restructuring costs include period-related charges.
Schedule of Reserves and Charges Related to the Restructuring Reserve
The following table summarizes changes in the restructuring reserve, included in Accrued liabilities on the accompanying Consolidated Balance Sheet:

(In millions)20242023
Balance as of January 1,$41 $21 
Net pre-tax restructuring costs98 75 
Acquisitions (1)
8 — 
Utilization, foreign exchange and other(78)(48)
Reclassified to held for sale (2)
— (7)
Balance as of December 31,$69 $41 
(1) See Note 19 - Acquisitions for additional information.
(2) See Note 20 - Divestitures for additional information.