v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill
The changes in the carrying value of goodwill were as follows:

(In millions)Climate Solutions AmericasClimate Solutions EuropeClimate Solutions Asia Pacific, Middle East & AfricaClimate Solutions TransportationTotal
Balance as of December 31, 2025$5,075 $7,808 $1,410 $1,208 $15,501 
Acquisitions10 — — — 10 
Reclassified to held for sale (1)
(10)(3)— — (13)
Foreign currency translation(4)(219)2 (10)(231)
Balance as of June 30, 2026$5,071 $7,586 $1,412 $1,198 $15,267 
(1) See Note 15 - Divestitures for additional information.
Schedule of Finite-Live Intangible Assets
Identifiable intangible assets are amortized over their estimated useful lives and consisted of the following:

June 30, 2026December 31, 2025
(In millions)Gross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Customer relationships$5,992 $(1,852)$4,140 $6,143 $(1,573)$4,570 
Patents and trademarks937 (215)722 945 (191)754 
Technology and other1,633 (739)894 1,692 (690)1,002 
Total intangible assets$8,562 $(2,806)$5,756 $8,780 $(2,454)$6,326 
Schedule of Intangible Asset, Indefinite-Lived
Identifiable intangible assets are amortized over their estimated useful lives and consisted of the following:

June 30, 2026December 31, 2025
(In millions)Gross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Customer relationships$5,992 $(1,852)$4,140 $6,143 $(1,573)$4,570 
Patents and trademarks937 (215)722 945 (191)754 
Technology and other1,633 (739)894 1,692 (690)1,002 
Total intangible assets$8,562 $(2,806)$5,756 $8,780 $(2,454)$6,326 
Schedule of Amortization of Intangible Assets
Amortization of intangible assets was as follows:

Three Months Ended
 June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Amortization expense of Intangible assets$218 $221 $435 $429