REVENUE RECOGNITION DISAGGREGATION OF REVENUES (Tables)
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6 Months Ended |
Jun. 30, 2023 |
Disaggregation of Revenue [Line Items] |
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Revenue from External Customers by Geographic Areas |
The table below presents our consolidated sales by geographic area. Net sales attributed to geographic areas were based on the location of the customer.
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
In millions |
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2023 |
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2022 |
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2023 |
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2022 |
United States |
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$ |
4,937
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$ |
3,788 |
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$ |
9,739
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$ |
7,245 |
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China |
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762
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520 |
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1,552
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1,173 |
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India |
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413
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311 |
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824
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620 |
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Other international |
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2,526
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1,967 |
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4,976
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3,933 |
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Total net sales |
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$ |
8,638
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$ |
6,586 |
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$ |
17,091
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$ |
12,971 |
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Components |
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Disaggregation of Revenue [Line Items] |
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Revenue from External Customers by Products and Services |
Components segment external sales by business were as follows:
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
In millions |
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2023 |
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2022 |
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2023 |
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2022 |
Axles and brakes |
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$ |
1,249
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$ |
— |
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$ |
2,521
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$ |
— |
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Emission solutions |
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842
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767 |
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1,781
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1,575 |
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Atmus |
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341
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319 |
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683
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627 |
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Engine components |
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283
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223 |
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575
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463 |
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Automated transmissions |
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180
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143 |
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358
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277 |
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Software and electronics |
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29
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25 |
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49
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52 |
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Total sales |
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$ |
2,924
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$ |
1,477 |
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$ |
5,967
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$ |
2,994 |
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Engine |
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Disaggregation of Revenue [Line Items] |
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Revenue from External Customers by Market |
Engine segment external sales by market were as follows:
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
In millions |
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2023 |
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2022 |
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2023 |
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2022 |
Heavy-duty truck |
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$ |
856
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$ |
797 |
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$ |
1,716
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$ |
1,481 |
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Medium-duty truck and bus |
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687
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620 |
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1,304
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1,211 |
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Light-duty automotive |
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444
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425 |
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885
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912 |
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Total on-highway |
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1,987
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1,842 |
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3,905
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3,604 |
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Off-highway |
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276
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250 |
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610
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537 |
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Total sales |
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$ |
2,263
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$ |
2,092 |
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$ |
4,515
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$ |
4,141 |
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Distribution |
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Disaggregation of Revenue [Line Items] |
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Revenue from External Customers by Geographic Areas |
Distribution segment external sales by region were as follows:
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
In millions |
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2023 |
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2022 |
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2023 |
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2022 |
North America |
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$ |
1,783
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$ |
1,491 |
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$ |
3,476
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$ |
2,862 |
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Asia Pacific |
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265
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242 |
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504
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486 |
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Europe |
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213
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246 |
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407
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521 |
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China |
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112
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99 |
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213
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181 |
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Africa and Middle East |
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80
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61 |
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142
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111 |
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India |
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63
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52 |
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120
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100 |
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Latin America |
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60
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56 |
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113
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97 |
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Total sales |
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$ |
2,576
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$ |
2,247 |
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$ |
4,975
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$ |
4,358 |
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Revenue from External Customers by Products and Services |
Distribution segment external sales by product line were as follows:
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
In millions |
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2023 |
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2022 |
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2023 |
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2022 |
Parts |
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$ |
1,011
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$ |
987 |
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$ |
2,063
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$ |
1,913 |
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Power generation |
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609
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440 |
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1,100
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838 |
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Engines |
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527
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428 |
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983
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866 |
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Service |
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429
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392 |
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829
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741 |
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Total sales |
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$ |
2,576
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$ |
2,247 |
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$ |
4,975
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$ |
4,358 |
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Power Systems |
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Disaggregation of Revenue [Line Items] |
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Revenue from External Customers by Products and Services |
Power Systems segment external sales by product line were as follows:
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
In millions |
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2023 |
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2022 |
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2023 |
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2022 |
Power generation |
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$ |
447
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$ |
408 |
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$ |
827
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$ |
807 |
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Industrial |
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218
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213 |
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407
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401 |
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Generator technologies |
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129
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113 |
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239
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209 |
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Total sales |
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$ |
794
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$ |
734 |
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$ |
1,473
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$ |
1,417 |
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