v3.25.2
DIVESTITURES (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The components of Discontinued operations, net of tax are as follows:

(In millions)202420232022
Net sales$2,323 $3,147 $3,133 
Costs of sales(1,390)(1,926)(1,966)
Research and development(86)(124)(123)
Selling, general and administrative(564)(690)(535)
Other income (expense), net(584)26 22 
Gain (loss) on divestitures and deconsolidation5,176 (297)— 
Interest (expense) income, net(41)(51)(62)
Earnings before income taxes4,834 85 469 
Income tax (expense) benefit1,391 (128)(92)
Tax on divestitures and deconsolidation(1,729)5 — 
Discontinued operations, net of tax$4,496 $(38)$377 
The following table summarizes assets and liabilities classified as held for sale:

December 31, 2023
(In millions)Commercial
 Refrigeration		Access
Solutions		Industrial
Fire		Commercial & Residential FireTotal
Cash and cash equivalents$131 $6 $20 $163 $320 
Accounts receivable, net274 104 101 401 880 
Inventories, net84 31 65 394 574 
Other assets, current113 5 46 25 189 
Fixed assets, net78 13 22 133 246 
Intangible assets, net— 53 2 83 138 
Goodwill72 1,498 439 469 2,478 
Operating lease right-of-use assets49 13 28 70 160 
Other assets44 10 13 41 108 
Total assets held for sale$845 $1,733 $736 $1,779 $5,093 
Accounts payable$129 $20 $39 $259 $447 
Accrued liabilities204 74 77 239 594 
Long-term debt, including current portion8 — — — 8 
Future pension and post-retirement obligations203 — 1 6 210 
Future income tax obligations4 2 3 12 21 
Operating lease liabilities40 11 23 58 132 
Other long-term liabilities3 12 9 14 38 
Total liabilities held for sale$591 $119 $152 $588 $1,450 
The following table summarizes the assets and liabilities divested as of their respective dates of sale:

(In millions)Access
Solutions		Industrial
Fire		Commercial RefrigerationCommercial & Residential Fire
Cash and cash equivalents$82 $40 $121 $64 
Accounts receivable, net90 93 217 422 
Inventories, net43 73 99 408 
Other current assets6 55 155 26 
Fixed assets, net18 24 84 127 
Intangible assets, net53 2 10 81 
Goodwill1,467 452 72 449 
Operating lease right-of-use assets16 24 48 66 
Other assets8 2 46 29 
Total assets held for sale$1,783 $765 $852 $1,672 
Accounts payable$54 $43 $124 $195 
Accrued liabilities80 65 154 153 
Operating lease liabilities17 24 49 66 
Other long-term liabilities10 6 213 24 
Total liabilities held for sale$161 $138 $540 $438