REVENUE RECOGNITION DISAGGREGATION OF REVENUES REVENUE RECOGNITION DISAGGREGATION OF REVENUES (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| 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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Years ended December 31, |
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| In millions |
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2023 |
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2022 |
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2021 |
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United States (1)
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$ |
19,302
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$ |
15,833 |
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$ |
12,489 |
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| China |
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3,115
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2,390 |
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3,169 |
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| India |
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1,678
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1,392 |
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1,133 |
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Other international (1)
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9,970
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8,459 |
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7,230 |
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| Total net sales |
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$ |
34,065
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$ |
28,074 |
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$ |
24,021 |
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(1) We revised $281 million from other international to United States for the year ended December 31, 2022.
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| Components |
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| Disaggregation of Revenue [Line Items] |
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| Revenue from External Customers by Products and Services |
Components segment external sales by business were as follows:
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Years ended December 31, |
| In millions |
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2023 |
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2022 |
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2021 |
| Axles and brakes |
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$ |
4,822
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$ |
1,879 |
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$ |
— |
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| Emission solutions |
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3,425
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3,086 |
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3,142 |
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| Atmus |
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1,345
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1,259 |
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1,171 |
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| Engine components |
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1,119
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946 |
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1,019 |
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| Automated transmissions |
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714
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593 |
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481 |
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| Software and electronics |
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106
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84 |
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119 |
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| Total sales |
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$ |
11,531
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$ |
7,847 |
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$ |
5,932 |
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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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Years ended December 31, |
| In millions |
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2023 |
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2022 |
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2021 |
| Heavy-duty truck |
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$ |
3,391
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$ |
2,995 |
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$ |
2,511 |
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| Medium-duty truck and bus |
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2,622
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2,412 |
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1,978 |
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| Light-duty automotive |
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1,748
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1,704 |
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1,845 |
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| Total on-highway |
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7,761
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7,111 |
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6,334 |
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| Off-highway |
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1,113
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1,088 |
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1,255 |
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| Total sales |
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$ |
8,874
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$ |
8,199 |
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$ |
7,589 |
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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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Years ended December 31, |
| In millions |
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2023 |
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2022 |
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2021 |
| North America |
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$ |
7,054
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$ |
5,948 |
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$ |
4,902 |
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| Asia Pacific |
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1,091
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1,011 |
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901 |
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| Europe |
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848
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914 |
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962 |
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| China |
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424
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351 |
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323 |
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| Africa and Middle East |
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294
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250 |
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278 |
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| India |
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264
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217 |
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194 |
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| Latin America |
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224
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210 |
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182 |
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| Total sales |
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$ |
10,199
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$ |
8,901 |
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$ |
7,742 |
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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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Years ended December 31, |
| In millions |
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2023 |
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2022 |
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2021 |
| Parts |
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$ |
4,052
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$ |
3,809 |
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$ |
3,136 |
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| Power generation |
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2,496
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1,767 |
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1,754 |
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| Engines |
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1,987
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1,770 |
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1,493 |
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| Service |
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1,664
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1,555 |
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1,359 |
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| Total sales |
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$ |
10,199
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$ |
8,901 |
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$ |
7,742 |
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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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Years ended December 31, |
| In millions |
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2023 |
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2022 |
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2021 |
| Power generation |
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$ |
1,698
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$ |
1,658 |
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$ |
1,481 |
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| Industrial |
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970
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843 |
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820 |
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| Generator technologies |
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457
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450 |
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349 |
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| Total sales |
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$ |
3,125
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$ |
2,951 |
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$ |
2,650 |
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