Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Details)

v3.24.3
OPERATING SEGMENTS (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment reporting        
NET SALES (Notes 1 and 2) $ 8,456 $ 8,431 $ 25,655 $ 25,522
Research, development and engineering expenses 359 376 1,107 1,110
Income (Loss) from Equity Method Investments 99 118 325 370
Interest expense 83 97 281 283
Depreciation and amortization 263 255 784 756
INCOME BEFORE INCOME TAXES 1,043 878 4,241 2,856
Amortization of Debt Discount (Premium)     10 4
Gain (Loss) on Disposition of Business     1,333 0
Components        
Segment reporting        
NET SALES (Notes 1 and 2) 2,724 3,236 9,038 10,218
Research, development and engineering expenses 85 93 250 287
Income (Loss) from Equity Method Investments 12 26 51 71
Interest Income (Expense), Nonoperating 4 8 21 21
Segment EBITDA 351 441 1,230 1,434
Depreciation and amortization 121 120 367 368
Atmus separation costs   20 21 50
Engine        
Segment reporting        
NET SALES (Notes 1 and 2) 2,913 2,931 8,992 8,905
Research, development and engineering expenses 147 159 468 441
Income (Loss) from Equity Method Investments 53 62 158 198
Interest Income (Expense), Nonoperating 2 4 16 14
Segment EBITDA 427 395 1,286 1,277
Depreciation and amortization 62 59 181 166
Distribution        
Segment reporting        
NET SALES (Notes 1 and 2) 2,952 2,535 8,316 7,536
Research, development and engineering expenses 13 14 41 43
Income (Loss) from Equity Method Investments 25 22 73 70
Interest Income (Expense), Nonoperating 7 9 29 24
Segment EBITDA 370 306 978 940
Depreciation and amortization 31 28 92 84
Power Systems        
Segment reporting        
NET SALES (Notes 1 and 2) 1,687 1,444 4,665 4,244
Research, development and engineering expenses 57 60 180 189
Income (Loss) from Equity Method Investments 20 11 65 42
Interest Income (Expense), Nonoperating 1 3 7 7
Segment EBITDA 328 234 866 654
Depreciation and amortization 33 30 99 91
Accelera        
Segment reporting        
NET SALES (Notes 1 and 2) 110 103 314 273
Research, development and engineering expenses 57 50 166 150
Income (Loss) from Equity Method Investments (11) (3) (22) (11)
Interest Income (Expense), Nonoperating 0 0 0 1
Segment EBITDA (115) (114) (333) (322)
Depreciation and amortization 16 18 45 47
Total Segments        
Segment reporting        
NET SALES (Notes 1 and 2) 10,386 10,249 31,325 31,176
Research, development and engineering expenses 359 376 1,105 1,110
Income (Loss) from Equity Method Investments 99 118 325 370
Interest Income (Expense), Nonoperating 14 24 73 67
Segment EBITDA 1,361 1,262 4,027 3,983
Depreciation and amortization 263 255 784 756
Corporate and Other        
Segment reporting        
Segment EBITDA 28 (32) 1,279 (88)
Atmus separation costs   6 14 17
Gain (Loss) on Disposition of Business     (1,300)  
External Sales | Components        
Segment reporting        
NET SALES (Notes 1 and 2) 2,287 2,780 7,647 8,747
External Sales | Engine        
Segment reporting        
NET SALES (Notes 1 and 2) 2,215 2,236 6,923 6,751
External Sales | Distribution        
Segment reporting        
NET SALES (Notes 1 and 2) 2,942 2,519 8,292 7,494
External Sales | Power Systems        
Segment reporting        
NET SALES (Notes 1 and 2) 912 798 2,508 2,271
External Sales | Accelera        
Segment reporting        
NET SALES (Notes 1 and 2) 100 98 285 259
External Sales | Total Segments        
Segment reporting        
NET SALES (Notes 1 and 2) 8,456 8,431 25,655 25,522
Intersegment sales | Components        
Segment reporting        
NET SALES (Notes 1 and 2) 437 456 1,391 1,471
Intersegment sales | Engine        
Segment reporting        
NET SALES (Notes 1 and 2) 698 695 2,069 2,154
Intersegment sales | Distribution        
Segment reporting        
NET SALES (Notes 1 and 2) 10 16 24 42
Intersegment sales | Power Systems        
Segment reporting        
NET SALES (Notes 1 and 2) 775 646 2,157 1,973
Intersegment sales | Accelera        
Segment reporting        
NET SALES (Notes 1 and 2) 10 5 29 14
Intersegment sales | Total Segments        
Segment reporting        
NET SALES (Notes 1 and 2) $ 1,930 $ 1,818 $ 5,670 $ 5,654