Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Details)

v3.24.1.u1
OPERATING SEGMENTS (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Segment reporting    
NET SALES (Notes 1 and 2) $ 8,403 $ 8,453
Research, development and engineering expenses 369 350
Income (Loss) from Equity Method Investments 123 119
Interest expense 89 87
Depreciation and amortization 262 245
INCOME BEFORE INCOME TAXES 2,221 1,029
Amortization of Debt Discount (Premium) 3 1
Gain (Loss) on Disposition of Business (1,333) 0
Components    
Segment reporting    
NET SALES (Notes 1 and 2) 3,332 3,557
Research, development and engineering expenses 84 91
Income (Loss) from Equity Method Investments 26 21
Interest income 8 6
Segment EBITDA 473 507
Depreciation and amortization 125 123
Atmus separation costs 21 12
Engine    
Segment reporting    
NET SALES (Notes 1 and 2) 2,928 2,986
Research, development and engineering expenses 154 134
Income (Loss) from Equity Method Investments 57 65
Interest income 7 3
Segment EBITDA 414 457
Depreciation and amortization 58 51
Distribution    
Segment reporting    
NET SALES (Notes 1 and 2) 2,535 2,406
Research, development and engineering expenses 14 14
Income (Loss) from Equity Method Investments 24 24
Interest income 11 7
Segment EBITDA 294 335
Depreciation and amortization 31 28
Power Systems    
Segment reporting    
NET SALES (Notes 1 and 2) 1,389 1,343
Research, development and engineering expenses 60 63
Income (Loss) from Equity Method Investments 19 13
Interest income 3 2
Segment EBITDA 237 219
Depreciation and amortization 34 29
Accelera    
Segment reporting    
NET SALES (Notes 1 and 2) 93 85
Research, development and engineering expenses 55 48
Income (Loss) from Equity Method Investments (3) (4)
Interest income 0 0
Segment EBITDA (101) (94)
Depreciation and amortization 14 14
Total Segments    
Segment reporting    
NET SALES (Notes 1 and 2) 10,277 10,377
Research, development and engineering expenses 367 350
Income (Loss) from Equity Method Investments 123 119
Interest income 29 18
Segment EBITDA 1,317 1,424
Depreciation and amortization 262 245
Corporate and Other    
Segment reporting    
Segment EBITDA 1,255 (63)
Atmus separation costs 14 6
Gain (Loss) on Disposition of Business (1,300)  
External Sales | Components    
Segment reporting    
NET SALES (Notes 1 and 2) 2,842 3,043
External Sales | Engine    
Segment reporting    
NET SALES (Notes 1 and 2) 2,240 2,252
External Sales | Distribution    
Segment reporting    
NET SALES (Notes 1 and 2) 2,529 2,399
External Sales | Power Systems    
Segment reporting    
NET SALES (Notes 1 and 2) 708 679
External Sales | Accelera    
Segment reporting    
NET SALES (Notes 1 and 2) 84 80
External Sales | Total Segments    
Segment reporting    
NET SALES (Notes 1 and 2) 8,403 8,453
Intersegment sales | Components    
Segment reporting    
NET SALES (Notes 1 and 2) 490 514
Intersegment sales | Engine    
Segment reporting    
NET SALES (Notes 1 and 2) 688 734
Intersegment sales | Distribution    
Segment reporting    
NET SALES (Notes 1 and 2) 6 7
Intersegment sales | Power Systems    
Segment reporting    
NET SALES (Notes 1 and 2) 681 664
Intersegment sales | Accelera    
Segment reporting    
NET SALES (Notes 1 and 2) 9 5
Intersegment sales | Total Segments    
Segment reporting    
NET SALES (Notes 1 and 2) $ 1,874 $ 1,924