v3.25.3
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)
 9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2025202420252024
Aerospace Technologies
Commercial Aviation Original Equipment$632 $617 $1,845 $1,959 
Commercial Aviation Aftermarket2,085 1,758 5,900 5,215 
Defense and Space1,794 1,537 5,245 4,298 
Net Aerospace Technologies sales4,511 3,912 12,990 11,472 
Industrial Automation
Sensing and Safety Technologies202 452 966 1,368 
Productivity Solutions and Services284 289 831 909 
Process Solutions1,543 1,522 4,549 4,527 
Warehouse and Workflow Solutions245 238 686 681 
Net Industrial Automation sales2,274 2,501 7,032 7,485 
Building Automation
Products1,139 1,059 3,293 2,780 
Building Solutions739 686 2,103 1,962 
Net Building Automation sales1,878 1,745 5,396 4,742 
Energy and Sustainability Solutions
UOP771 654 2,242 1,830 
Advanced Materials971 909 2,898 2,862 
Net Energy and Sustainability Solutions sales1,742 1,563 5,140 4,692 
Corporate and All Other3 7 24 19 
Net sales$10,408 $9,728 $30,582 $28,410 
The disaggregation of the Company's revenue based on timing of recognition is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Products, transferred point in time55 %56 %56 %57 %
Products, transferred over time13 12 12 11 
Net product sales68 68 68 68 
Services, transferred point in time5 3 5 4 
Services, transferred over time27 29 27 28 
Net service sales32 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—September 30
2,674 2,263 
Change in contract assets - increase (decrease)$467 $250 
Contract liabilities—January 1$(4,220)$(4,326)
Contract liabilities—September 30
(4,354)(3,928)
Change in contract liabilities - (increase) decrease$(134)$398 
Net change$333 $648