v3.26.1
Segment Information - Schedule of Segment Information (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Operating revenue $ 4,301 $ 4,053 $ 8,317 $ 7,892
Variable cost of revenue 2,033 1,914 3,920 3,735
Overhead expenses 1,089 1,043 2,169 2,078
Operating income 1,147 1,068 2,167 2,019
Interest expense (79) (74) (152) (142)
Other income (expense) 12 4 32 16
Income Before Taxes 1,080 998 2,047 1,893
Depreciation and amortization and impairment of intangible assets 98 99 197 194
Automotive OEM        
Segment Reporting [Line Items]        
Overhead expenses 211 206 416 406
Food Equipment        
Segment Reporting [Line Items]        
Overhead expenses 182 178 364 355
Test & Measurement and Electronics        
Segment Reporting [Line Items]        
Overhead expenses 241 227 483 458
Welding        
Segment Reporting [Line Items]        
Overhead expenses 117 105 234 210
Polymers & Fluids        
Segment Reporting [Line Items]        
Overhead expenses 113 109 229 219
Construction Products        
Segment Reporting [Line Items]        
Overhead expenses 122 118 239 231
Specialty Products        
Segment Reporting [Line Items]        
Overhead expenses 103 100 204 199
Operating segments        
Segment Reporting [Line Items]        
Operating revenue 4,305 4,056 8,325 7,900
Operating income 1,183 1,099 2,236 2,087
Operating segments | Automotive OEM        
Segment Reporting [Line Items]        
Operating revenue 857 845 1,677 1,631
Variable cost of revenue 461 459 903 894
Operating income 185 180 358 331
Depreciation and amortization and impairment of intangible assets 36 34 71 66
Operating segments | Food Equipment        
Segment Reporting [Line Items]        
Operating revenue 692 680 1,329 1,307
Variable cost of revenue 322 313 620 597
Operating income 188 189 345 355
Depreciation and amortization and impairment of intangible assets 9 10 19 20
Operating segments | Test & Measurement and Electronics        
Segment Reporting [Line Items]        
Operating revenue 769 686 1,484 1,338
Variable cost of revenue 335 302 644 584
Operating income 193 157 357 296
Depreciation and amortization and impairment of intangible assets 19 18 37 36
Operating segments | Welding        
Segment Reporting [Line Items]        
Operating revenue 549 479 1,056 951
Variable cost of revenue 254 215 481 429
Operating income 178 159 341 312
Depreciation and amortization and impairment of intangible assets 8 9 17 17
Operating segments | Polymers & Fluids        
Segment Reporting [Line Items]        
Operating revenue 476 438 928 867
Variable cost of revenue 223 208 433 413
Operating income 140 121 266 235
Depreciation and amortization and impairment of intangible assets 8 11 17 21
Operating segments | Construction Products        
Segment Reporting [Line Items]        
Operating revenue 494 473 952 916
Variable cost of revenue 221 210 427 410
Operating income 151 145 286 275
Depreciation and amortization and impairment of intangible assets 9 8 17 16
Operating segments | Specialty Products        
Segment Reporting [Line Items]        
Operating revenue 468 455 899 890
Variable cost of revenue 217 207 412 408
Operating income 148 148 283 283
Depreciation and amortization and impairment of intangible assets 9 9 19 18
Intersegment revenue        
Segment Reporting [Line Items]        
Operating revenue 4 3 8 8
Unallocated        
Segment Reporting [Line Items]        
Operating income $ (36) $ (31) $ (69) $ (68)