Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Details)

v3.23.3
OPERATING SEGMENTS (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Segment reporting        
Net Sales $ 8,431 $ 7,333 $ 25,522 $ 20,304
Research, development and engineering expenses 376 348 1,110 945
Income (Loss) from Equity Method Investments 118 70 370 261
Russian suspension costs (recoveries)   1 0 112
Interest expense 97 61 283 112
Depreciation and amortization 255 215 756 541
INCOME BEFORE INCOME TAXES 878 608 2,856 2,041
Amortization of Debt Discount (Premium)     4 3
Impairment of Equity Method Investment   0   31
Joint Venture with KAMAZ        
Segment reporting        
Impairment of Equity Method Investment       28
Royalty charges        
Segment reporting        
Impairment of Equity Method Investment       3
Components        
Segment reporting        
Net Sales 3,236 2,703 10,218 6,641
Research, development and engineering expenses 93 87 287 236
Income (Loss) from Equity Method Investments 26 17 71 54
Interest income 8 4 21 7
Russian suspension costs (recoveries)   1   5
Segment EBITDA 441 297 1,434 969
Depreciation and amortization 120 95 368 187
Atmus separation costs 20 10 50 15
Meritor acquisition and integration costs   45   56
Engine        
Segment reporting        
Net Sales 2,931 2,779 8,905 8,307
Research, development and engineering expenses 159 140 441 365
Income (Loss) from Equity Method Investments 62 27 198 127
Interest income 4 3 14 8
Russian suspension costs (recoveries)   0   33
Segment EBITDA 395 362 1,277 1,173
Depreciation and amortization 59 51 166 151
Distribution        
Segment reporting        
Net Sales 2,535 2,239 7,536 6,609
Research, development and engineering expenses 14 13 43 39
Income (Loss) from Equity Method Investments 22 20 70 57
Interest income 9 4 24 9
Russian suspension costs (recoveries)   0   55
Segment EBITDA 306 225 940 632
Depreciation and amortization 28 29 84 86
Power Systems        
Segment reporting        
Net Sales 1,444 1,349 4,244 3,712
Research, development and engineering expenses 60 62 189 184
Income (Loss) from Equity Method Investments 11 10 42 31
Interest income 3 3 7 5
Russian suspension costs (recoveries)   0   19
Segment EBITDA 234 193 654 411
Depreciation and amortization 30 30 91 92
Accelera        
Segment reporting        
Net Sales 103 50 273 123
Research, development and engineering expenses 50 46 150 121
Income (Loss) from Equity Method Investments (3) (4) (11) (8)
Interest income 0 0 1 0
Russian suspension costs (recoveries)   0    
Segment EBITDA (114) (95) (322) (239)
Depreciation and amortization 18 10 47 25
Total Segments        
Segment reporting        
Net Sales 10,249 9,120 31,176 25,392
Research, development and engineering expenses 376 348 1,110 945
Income (Loss) from Equity Method Investments 118 70 370 261
Interest income 24 14 67 29
Russian suspension costs (recoveries)   1   112
Segment EBITDA 1,262 982 3,983 2,946
Depreciation and amortization 255 215 756 541
Corporate and Other        
Segment reporting        
Segment EBITDA (32) (98) (88) (252)
Atmus separation costs 6 6 17 47
External Sales | Components        
Segment reporting        
Net Sales 2,780 2,220 8,747 5,214
External Sales | Engine        
Segment reporting        
Net Sales 2,236 2,063 6,751 6,204
External Sales | Distribution        
Segment reporting        
Net Sales 2,519 2,232 7,494 6,590
External Sales | Power Systems        
Segment reporting        
Net Sales 798 773 2,271 2,190
External Sales | Accelera        
Segment reporting        
Net Sales 98 45 259 106
External Sales | Total Segments        
Segment reporting        
Net Sales 8,431 7,333 25,522 20,304
Intersegment sales | Components        
Segment reporting        
Net Sales 456 483 1,471 1,427
Intersegment sales | Engine        
Segment reporting        
Net Sales 695 716 2,154 2,103
Intersegment sales | Distribution        
Segment reporting        
Net Sales 16 7 42 19
Intersegment sales | Power Systems        
Segment reporting        
Net Sales 646 576 1,973 1,522
Intersegment sales | Accelera        
Segment reporting        
Net Sales 5 5 14 17
Intersegment sales | Total Segments        
Segment reporting        
Net Sales $ 1,818 $ 1,787 $ 5,654 $ 5,088