v3.26.1
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of 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,
2026202520262025
Aerospace Technologies
Commercial Aviation Original Equipment$686 $586 $1,334 $1,213 
Commercial Aviation Aftermarket2,048 1,916 4,007 3,815 
Defense and Space1,798 1,805 3,513 3,451 
Net Aerospace Technologies sales4,532 4,307 8,854 8,479 
Building Automation
Products1,092 985 2,097 1,890 
Solutions910 841 1,787 1,628 
Net Building Automation sales2,002 1,826 3,884 3,518 
Process Automation and Technology
Projects753 667 1,439 1,269 
Aftermarket926 946 1,753 1,789 
Net Process Automation and Technology sales1,679 1,613 3,192 3,058 
Industrial Automation
Products1,015 1,138 1,973 2,311 
Solutions486 436 949 860 
Net Industrial Automation sales1,501 1,574 2,922 3,171 
Corporate and All Other5 2 10 21 
Total Net sales$9,719 $9,322 $18,862 $18,247 
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,
2026202520262025
Products, transferred point in time51 %52 %50 %53 %
Products, transferred over time15 14 15 13 
Net product sales66 66 65 66 
Services, transferred point in time6 5 6 5 
Services, transferred over time28 29 29 29 
Net service sales34 34 35 34 
Net sales100 %100 %100 %100 %
Schedule of Contract with Customer Asset and Liability
The following table summarizes the Company’s contract assets and liabilities balances:
 20262025
Contract assets—January 1$2,403 $2,155 
Contract assets—June 30
2,564 2,528 
Change in contract assets - increase (decrease)$161 $373 
Contract liabilities—January 1$(3,839)$(4,120)
Contract liabilities—June 30
(4,362)(4,333)
Change in contract liabilities - (increase) decrease$(523)$(213)
Net change$(362)$160