REVENUE RECOGNITION DISAGGREGATION OF REVENUES (Tables)
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9 Months Ended |
Sep. 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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Nine months ended |
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September 30, |
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September 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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$ |
4,825
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$ |
4,886 |
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$ |
14,729
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$ |
14,625 |
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| China |
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727
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721 |
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2,197
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2,273 |
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| India |
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416
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374 |
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1,285
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1,198 |
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| Other international |
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2,488
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2,450 |
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7,444
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7,426 |
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| Total net sales |
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$ |
8,456
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$ |
8,431 |
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$ |
25,655
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$ |
25,522 |
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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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Nine months ended |
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September 30, |
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September 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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$ |
1,131
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$ |
1,177 |
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$ |
3,618
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$ |
3,698 |
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| Emission solutions |
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759
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803 |
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2,437
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2,584 |
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| Components and software |
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249
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289 |
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828
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913 |
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| Automated transmissions |
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148
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187 |
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475
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545 |
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| Atmus |
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—
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324 |
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289
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(1) |
1,007 |
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| Total sales |
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$ |
2,287
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$ |
2,780 |
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$ |
7,647
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$ |
8,747 |
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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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Nine months ended |
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September 30, |
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September 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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$ |
781
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$ |
885 |
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$ |
2,560
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$ |
2,601 |
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| Medium-duty truck and bus |
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806
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656 |
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2,336
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1,960 |
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| Light-duty automotive |
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400
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451 |
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1,292
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1,336 |
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| Total on-highway |
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1,987
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1,992 |
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6,188
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5,897 |
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| Off-highway |
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228
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244 |
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735
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854 |
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| Total sales |
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$ |
2,215
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$ |
2,236 |
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$ |
6,923
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$ |
6,751 |
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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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Nine months ended |
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September 30, |
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September 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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$ |
1,947
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$ |
1,719 |
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$ |
5,568
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$ |
5,195 |
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| Asia Pacific |
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342
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292 |
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937
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796 |
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| Europe |
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307
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200 |
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830
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607 |
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| China |
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118
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110 |
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346
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323 |
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| Africa and Middle East |
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80
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77 |
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194
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219 |
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| India |
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77
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66 |
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223
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186 |
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| Latin America |
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71
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55 |
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194
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168 |
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| Total sales |
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$ |
2,942
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$ |
2,519 |
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$ |
8,292
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$ |
7,494 |
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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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Nine months ended |
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September 30, |
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September 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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$ |
1,088
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$ |
601 |
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$ |
2,743
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$ |
1,701 |
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| Parts |
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1,000
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991 |
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2,985
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3,054 |
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| Service |
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453
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420 |
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1,305
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1,249 |
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| Engines |
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401
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507 |
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1,259
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1,490 |
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| Total sales |
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$ |
2,942
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$ |
2,519 |
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$ |
8,292
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$ |
7,494 |
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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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Nine months ended |
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September 30, |
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September 30, |
| In millions |
|
2024 |
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2023 |
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2024 |
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2023 |
| Power generation |
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$ |
499
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$ |
420 |
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$ |
1,349
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$ |
1,247 |
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| Industrial |
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293
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263 |
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809
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670 |
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| Generator technologies |
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120
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115 |
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350
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354 |
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| Total sales |
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$ |
912
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$ |
798 |
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$ |
2,508
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$ |
2,271 |
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