v3.26.3
Revenue Recognition and Contracts with Customers (Tables)
 9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2026202520262025
Building Automation
Products$1,113 $1,009 $3,210 $2,899 
Solutions907 869 2,694 2,497 
Net Building Automation sales2,020 1,878 5,904 5,396 
Process Automation and Technology
Projects797 687 2,236 1,956 
Aftermarket1,062 911 2,815 2,700 
Net Process Automation and Technology sales1,859 1,598 5,051 4,656 
Industrial Automation
Products833 983 2,806 3,294 
Solutions282 467 1,233 1,333 
Net Industrial Automation sales1,115 1,450 4,039 4,627 
Corporate and All Other— 3 10 24 
Net sales$4,994 $4,929 $15,004 $14,703 
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,
2026202520262025
Products, transferred point in time52 %53 %52 %55 %
Products, transferred over time21 19 21 18 
Net product sales73 72 73 73 
Services, transferred point in time9 6 9 6 
Services, transferred over time18 22 18 21 
Net service sales27 28 27 27 
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$1,301 $1,337 
Contract assets—September 30
1,484 1,590 
Change in contract assets - increase (decrease)$183 $253 
Contract liabilities—January 1$(1,159)$(1,719)
Contract liabilities—September 30
(1,883)(1,902)
Change in contract liabilities - (increase) decrease$(724)$(183)
Net change$(541)$70