REVENUE RECOGNITION DISAGGREGATION OF REVENUES (Tables)
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6 Months Ended |
Jun. 30, 2024 |
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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 net sales by geographic area 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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2024 |
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2023 |
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2024 |
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2023 |
| United States |
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$ |
5,119
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$ |
4,937 |
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$ |
9,904
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$ |
9,739 |
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| China |
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747
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762 |
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1,470
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1,552 |
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| India |
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425
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413 |
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869
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824 |
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| Other international |
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2,505
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2,526 |
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4,956
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4,976 |
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| Total net sales |
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$ |
8,796
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$ |
8,638 |
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$ |
17,199
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$ |
17,091 |
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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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2024 |
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2023 |
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2024 |
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2023 |
| Drivetrain and braking systems |
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$ |
1,255
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$ |
1,249 |
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$ |
2,487
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$ |
2,521 |
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| Emission solutions |
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822
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842 |
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1,678
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1,781 |
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| Components and software |
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279
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312 |
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579
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624 |
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| Automated transmissions |
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162
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180 |
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327
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358 |
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| Atmus |
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—
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341 |
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289
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(1) |
683 |
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| Total sales |
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$ |
2,518
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$ |
2,924 |
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$ |
5,360
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$ |
5,967 |
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(1) Included sales through the March 18, 2024, divestiture. See NOTE 14, "ATMUS INITIAL PUBLIC OFFERING (IPO) AND DIVESTITURE," for additional information.
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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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2024 |
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2023 |
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2024 |
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2023 |
| Heavy-duty truck |
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$ |
968
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$ |
856 |
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$ |
1,779
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$ |
1,716 |
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| Medium-duty truck and bus |
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792
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687 |
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1,530
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1,304 |
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| Light-duty automotive |
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454
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444 |
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892
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885 |
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| Total on-highway |
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2,214
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1,987 |
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4,201
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3,905 |
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| Off-highway |
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254
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276 |
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507
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610 |
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| Total sales |
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$ |
2,468
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$ |
2,263 |
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$ |
4,708
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$ |
4,515 |
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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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2024 |
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2023 |
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2024 |
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2023 |
| North America |
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$ |
1,899
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$ |
1,783 |
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$ |
3,621
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$ |
3,476 |
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| Asia Pacific |
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310
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265 |
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595
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504 |
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| Europe |
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283
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213 |
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523
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407 |
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| China |
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128
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112 |
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228
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213 |
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| India |
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77
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63 |
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146
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120 |
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| Latin America |
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64
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60 |
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123
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113 |
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| Africa and Middle East |
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60
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80 |
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114
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142 |
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| Total sales |
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$ |
2,821
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$ |
2,576 |
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$ |
5,350
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$ |
4,975 |
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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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2024 |
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2023 |
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2024 |
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2023 |
| Parts |
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$ |
988
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$ |
1,011 |
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$ |
1,985
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$ |
2,063 |
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| Power generation |
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950
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609 |
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1,655
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1,100 |
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| Service |
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447
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429 |
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852
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829 |
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| Engines |
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436
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527 |
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858
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983 |
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| Total sales |
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$ |
2,821
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$ |
2,576 |
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$ |
5,350
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$ |
4,975 |
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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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2024 |
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2023 |
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2024 |
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2023 |
| Power generation |
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$ |
490
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$ |
447 |
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$ |
850
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$ |
827 |
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| Industrial |
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278
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218 |
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516
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407 |
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| Generator technologies |
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120
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129 |
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230
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239 |
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| Total sales |
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$ |
888
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$ |
794 |
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$ |
1,596
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$ |
1,473 |
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