v3.26.3
Segment Information - Schedule of Segment Information (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Operating revenue $ 4,236 $ 4,059 $ 12,553 $ 11,951
Variable cost of revenue 1,964 1,898 5,884 5,633
Overhead expenses 1,054 1,029 3,223 3,107
Operating income 1,177 1,112 3,344 3,131
Interest expense (83) (75) (235) (217)
Other income (expense) 37 12 69 28
Income Before Taxes 1,131 1,049 3,178 2,942
Depreciation and amortization and impairment of intangible assets 100 100 297 294
Operating segments        
Segment Reporting [Line Items]        
Operating revenue 4,240 4,065 12,565 11,965
Operating income 1,222 1,138 3,458 3,225
Operating segments | Automotive OEM        
Segment Reporting [Line Items]        
Operating revenue 814 830 2,491 2,461
Variable cost of revenue 444 450 1,347 1,344
Overhead expenses 207 198 623 604
Operating income 163 182 521 513
Depreciation and amortization and impairment of intangible assets 36 35 107 101
Operating segments | Food Equipment        
Segment Reporting [Line Items]        
Operating revenue 698 694 2,027 2,001
Variable cost of revenue 317 317 937 914
Overhead expenses 173 175 537 530
Operating income 208 202 553 557
Depreciation and amortization and impairment of intangible assets 10 11 29 31
Operating segments | Test & Measurement and Electronics        
Segment Reporting [Line Items]        
Operating revenue 819 698 2,303 2,036
Variable cost of revenue 342 297 986 881
Overhead expenses 242 224 725 682
Operating income 235 177 592 473
Depreciation and amortization and impairment of intangible assets 18 17 55 53
Operating segments | Welding        
Segment Reporting [Line Items]        
Operating revenue 513 477 1,569 1,428
Variable cost of revenue 228 211 709 640
Overhead expenses 99 110 333 320
Operating income 186 156 527 468
Depreciation and amortization and impairment of intangible assets 9 9 26 26
Operating segments | Polymers & Fluids        
Segment Reporting [Line Items]        
Operating revenue 477 441 1,405 1,308
Variable cost of revenue 216 208 649 621
Overhead expenses 112 107 341 326
Operating income 149 126 415 361
Depreciation and amortization and impairment of intangible assets 9 10 26 31
Operating segments | Construction Products        
Segment Reporting [Line Items]        
Operating revenue 472 473 1,424 1,389
Variable cost of revenue 213 210 640 620
Overhead expenses 118 114 357 345
Operating income 141 149 427 424
Depreciation and amortization and impairment of intangible assets 8 8 25 24
Operating segments | Specialty Products        
Segment Reporting [Line Items]        
Operating revenue 447 452 1,346 1,342
Variable cost of revenue 204 205 616 613
Overhead expenses 103 101 307 300
Operating income 140 146 423 429
Depreciation and amortization and impairment of intangible assets 10 10 29 28
Intersegment revenue        
Segment Reporting [Line Items]        
Operating revenue 4 6 12 14
Unallocated        
Segment Reporting [Line Items]        
Operating income $ (45) $ (26) $ (114) $ (94)