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The Company performs periodic assessments utilizing customer demand, production requirements and historical usage rates to determine the existence of excess and obsolete inventory and records necessary provisions to reduce such inventories to the lower of cost or estimated net realizable value. Raw materials, work-in-p... | text | 223 | monetaryItemType | text: <entity> 223 </entity> <entity type> monetaryItemType </entity type> <context> The Company performs periodic assessments utilizing customer demand, production requirements and historical usage rates to determine the existence of excess and obsolete inventory and records necessary provisions to reduce such invento... | us-gaap:InventoryValuationReserves |
The Company performs periodic assessments utilizing customer demand, production requirements and historical usage rates to determine the existence of excess and obsolete inventory and records necessary provisions to reduce such inventories to the lower of cost or estimated net realizable value. Raw materials, work-in-p... | text | 190 | monetaryItemType | text: <entity> 190 </entity> <entity type> monetaryItemType </entity type> <context> The Company performs periodic assessments utilizing customer demand, production requirements and historical usage rates to determine the existence of excess and obsolete inventory and records necessary provisions to reduce such invento... | us-gaap:InventoryValuationReserves |
Certain entities use LIFO to determine the cost of inventory. If inventories that were valued using the LIFO method had been valued under the FIFO method, the net book value of the inventories would have been higher by $ 226 million and $ 199 million as of December 31, 2023 and 2022, respectively. As of December 31, 20... | text | 226 | monetaryItemType | text: <entity> 226 </entity> <entity type> monetaryItemType </entity type> <context> Certain entities use LIFO to determine the cost of inventory. If inventories that were valued using the LIFO method had been valued under the FIFO method, the net book value of the inventories would have been higher by $ 226 million an... | us-gaap:ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue |
Certain entities use LIFO to determine the cost of inventory. If inventories that were valued using the LIFO method had been valued under the FIFO method, the net book value of the inventories would have been higher by $ 226 million and $ 199 million as of December 31, 2023 and 2022, respectively. As of December 31, 20... | text | 199 | monetaryItemType | text: <entity> 199 </entity> <entity type> monetaryItemType </entity type> <context> Certain entities use LIFO to determine the cost of inventory. If inventories that were valued using the LIFO method had been valued under the FIFO method, the net book value of the inventories would have been higher by $ 226 million an... | us-gaap:ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue |
Certain entities use LIFO to determine the cost of inventory. If inventories that were valued using the LIFO method had been valued under the FIFO method, the net book value of the inventories would have been higher by $ 226 million and $ 199 million as of December 31, 2023 and 2022, respectively. As of December 31, 20... | text | 35 | percentItemType | text: <entity> 35 </entity> <entity type> percentItemType </entity type> <context> Certain entities use LIFO to determine the cost of inventory. If inventories that were valued using the LIFO method had been valued under the FIFO method, the net book value of the inventories would have been higher by $ 226 million and ... | us-gaap:PercentageOfLIFOInventory |
Certain entities use LIFO to determine the cost of inventory. If inventories that were valued using the LIFO method had been valued under the FIFO method, the net book value of the inventories would have been higher by $ 226 million and $ 199 million as of December 31, 2023 and 2022, respectively. As of December 31, 20... | text | 26 | percentItemType | text: <entity> 26 </entity> <entity type> percentItemType </entity type> <context> Certain entities use LIFO to determine the cost of inventory. If inventories that were valued using the LIFO method had been valued under the FIFO method, the net book value of the inventories would have been higher by $ 226 million and ... | us-gaap:PercentageOfLIFOInventory |
Depreciation expense was $ 300 million, $ 256 million and $ 238 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense was $ 300 million, $ 256 million and $ 238 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:Depreciation |
Depreciation expense was $ 300 million, $ 256 million and $ 238 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 256 | monetaryItemType | text: <entity> 256 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense was $ 300 million, $ 256 million and $ 238 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:Depreciation |
Depreciation expense was $ 300 million, $ 256 million and $ 238 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 238 | monetaryItemType | text: <entity> 238 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense was $ 300 million, $ 256 million and $ 238 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:Depreciation |
Amortization of intangible assets was $ 242 million, $ 124 million and $ 98 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 242 | monetaryItemType | text: <entity> 242 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of intangible assets was $ 242 million, $ 124 million and $ 98 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization of intangible assets was $ 242 million, $ 124 million and $ 98 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 124 | monetaryItemType | text: <entity> 124 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of intangible assets was $ 242 million, $ 124 million and $ 98 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization of intangible assets was $ 242 million, $ 124 million and $ 98 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 98 | monetaryItemType | text: <entity> 98 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of intangible assets was $ 242 million, $ 124 million and $ 98 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:AmortizationOfIntangibleAssets |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princip... | us-gaap:DebtInstrumentFaceAmount |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princip... | us-gaap:DebtInstrumentFaceAmount |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 5.800 | percentItemType | text: <entity> 5.800 </entity> <entity type> percentItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princi... | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 5.900 | percentItemType | text: <entity> 5.900 </entity> <entity type> percentItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princi... | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 6.200 | percentItemType | text: <entity> 6.200 </entity> <entity type> percentItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princi... | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 2.35 | monetaryItemType | text: <entity> 2.35 </entity> <entity type> monetaryItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princi... | us-gaap:DebtInstrumentFaceAmount |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princip... | us-gaap:DebtInstrumentFaceAmount |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 4.375 | percentItemType | text: <entity> 4.375 </entity> <entity type> percentItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princi... | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 4.125 | percentItemType | text: <entity> 4.125 </entity> <entity type> percentItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princi... | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 850 | monetaryItemType | text: <entity> 850 </entity> <entity type> monetaryItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princip... | us-gaap:DebtInstrumentFaceAmount |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 4.500 | percentItemType | text: <entity> 4.500 </entity> <entity type> percentItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate princi... | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principal amount of 5.900 % notes due 2034 and $ 1.0 billion aggregate principal amount of 6... | text | 51 | monetaryItemType | text: <entity> 51 </entity> <entity type> monetaryItemType </entity type> <context> In November 2023, the Company issued $ 3.0 billion principal amount of USD-denominated notes in three tranches. The tranches consist of $ 1.0 billion aggregate principal amount of 5.800 % notes due 2025, $ 1.0 billion aggregate principa... | us-gaap:DeferredFinanceCostsGross |
On July 15, 2022, the Company entered into a five-year , JPY 54 billion (approximately $ 400 million) senior unsecured term loan facility with MUFG Bank Ltd., as administrative agent and lender, and certain other lenders (the "Japanese Term Loan Facility"). Borrowings under the Japanese Term Loan Facility bear interest... | text | 54 | monetaryItemType | text: <entity> 54 </entity> <entity type> monetaryItemType </entity type> <context> On July 15, 2022, the Company entered into a five-year , JPY 54 billion (approximately $ 400 million) senior unsecured term loan facility with MUFG Bank Ltd., as administrative agent and lender, and certain other lenders (the "Japanese ... | us-gaap:DebtInstrumentFaceAmount |
On July 15, 2022, the Company entered into a five-year , JPY 54 billion (approximately $ 400 million) senior unsecured term loan facility with MUFG Bank Ltd., as administrative agent and lender, and certain other lenders (the "Japanese Term Loan Facility"). Borrowings under the Japanese Term Loan Facility bear interest... | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> On July 15, 2022, the Company entered into a five-year , JPY 54 billion (approximately $ 400 million) senior unsecured term loan facility with MUFG Bank Ltd., as administrative agent and lender, and certain other lenders (the "Japanese... | us-gaap:DebtInstrumentFaceAmount |
On July 15, 2022, the Company entered into a five-year , JPY 54 billion (approximately $ 400 million) senior unsecured term loan facility with MUFG Bank Ltd., as administrative agent and lender, and certain other lenders (the "Japanese Term Loan Facility"). Borrowings under the Japanese Term Loan Facility bear interest... | text | 0.75 | percentItemType | text: <entity> 0.75 </entity> <entity type> percentItemType </entity type> <context> On July 15, 2022, the Company entered into a five-year , JPY 54 billion (approximately $ 400 million) senior unsecured term loan facility with MUFG Bank Ltd., as administrative agent and lender, and certain other lenders (the "Japanese... | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On July 15, 2022, the Company entered into a five-year , JPY 54 billion (approximately $ 400 million) senior unsecured term loan facility with MUFG Bank Ltd., as administrative agent and lender, and certain other lenders (the "Japanese Term Loan Facility"). Borrowings under the Japanese Term Loan Facility bear interest... | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> On July 15, 2022, the Company entered into a five-year , JPY 54 billion (approximately $ 400 million) senior unsecured term loan facility with MUFG Bank Ltd., as administrative agent and lender, and certain other lenders (the "Japanese T... | us-gaap:DeferredFinanceCostsGross |
On July 15, 2022, the Company entered into a five-year , JPY 54 billion (approximately $ 400 million) senior unsecured term loan facility with MUFG Bank Ltd., as administrative agent and lender, and certain other lenders (the "Japanese Term Loan Facility"). Borrowings under the Japanese Term Loan Facility bear interest... | text | 54 | monetaryItemType | text: <entity> 54 </entity> <entity type> monetaryItemType </entity type> <context> On July 15, 2022, the Company entered into a five-year , JPY 54 billion (approximately $ 400 million) senior unsecured term loan facility with MUFG Bank Ltd., as administrative agent and lender, and certain other lenders (the "Japanese ... | us-gaap:ProceedsFromIssuanceOfDebt |
$ 2.0 billion pursuant to an unsecured, unsubordinated revolving credit facility that matures in May 2028 (the "Revolving Credit Facility"). The Revolving Credit Facility supports the Company's commercial paper program and can be used for other general corporate purposes. Borrowings are available in U.S. Dollars and Eu... | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> $ 2.0 billion pursuant to an unsecured, unsubordinated revolving credit facility that matures in May 2028 (the "Revolving Credit Facility"). The Revolving Credit Facility supports the Company's commercial paper program and can be used ... | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
$ 2.0 billion pursuant to an unsecured, unsubordinated revolving credit facility that matures in May 2028 (the "Revolving Credit Facility"). The Revolving Credit Facility supports the Company's commercial paper program and can be used for other general corporate purposes. Borrowings are available in U.S. Dollars and Eu... | text | 0.10 | percentItemType | text: <entity> 0.10 </entity> <entity type> percentItemType </entity type> <context> $ 2.0 billion pursuant to an unsecured, unsubordinated revolving credit facility that matures in May 2028 (the "Revolving Credit Facility"). The Revolving Credit Facility supports the Company's commercial paper program and can be used ... | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
$ 2.0 billion pursuant to an unsecured, unsubordinated revolving credit facility that matures in May 2028 (the "Revolving Credit Facility"). The Revolving Credit Facility supports the Company's commercial paper program and can be used for other general corporate purposes. Borrowings are available in U.S. Dollars and Eu... | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> $ 2.0 billion pursuant to an unsecured, unsubordinated revolving credit facility that matures in May 2028 (the "Revolving Credit Facility"). The Revolving Credit Facility supports the Company's commercial paper program and can be used fo... | us-gaap:DeferredFinanceCostsGross |
December 31, 2023, there were no borrowings outstanding under the Revolving Credit Facility. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> December 31, 2023, there were no borrowings outstanding under the Revolving Credit Facility. </context> | us-gaap:LongTermDebt |
The Company has a $ 2.0 billion unsecured, unsubordinated commercial paper program, which can be used for general corporate purposes, including the funding of working capital and potential acquisitions. As of December 31, 2023, there were no borrowings outstanding under the commercial paper program. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> The Company has a $ 2.0 billion unsecured, unsubordinated commercial paper program, which can be used for general corporate purposes, including the funding of working capital and potential acquisitions. As of December 31, 2023, there we... | us-gaap:ShortTermBorrowings |
The Company is involved in long-term construction contracts in which it arranges project financing with certain customers. As a result, the Company issued $ 39 million and $ 38 million of debt during the year ended December 31, 2023 and 2022, respectively. Long-term debt repayments associated with these financing arran... | text | 39 | monetaryItemType | text: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> The Company is involved in long-term construction contracts in which it arranges project financing with certain customers. As a result, the Company issued $ 39 million and $ 38 million of debt during the year ended December 31, 2023 and... | us-gaap:ProceedsFromIssuanceOfLongTermDebt |
The Company is involved in long-term construction contracts in which it arranges project financing with certain customers. As a result, the Company issued $ 39 million and $ 38 million of debt during the year ended December 31, 2023 and 2022, respectively. Long-term debt repayments associated with these financing arran... | text | 38 | monetaryItemType | text: <entity> 38 </entity> <entity type> monetaryItemType </entity type> <context> The Company is involved in long-term construction contracts in which it arranges project financing with certain customers. As a result, the Company issued $ 39 million and $ 38 million of debt during the year ended December 31, 2023 and... | us-gaap:ProceedsFromIssuanceOfLongTermDebt |
The Company is involved in long-term construction contracts in which it arranges project financing with certain customers. As a result, the Company issued $ 39 million and $ 38 million of debt during the year ended December 31, 2023 and 2022, respectively. Long-term debt repayments associated with these financing arran... | text | 111 | monetaryItemType | text: <entity> 111 </entity> <entity type> monetaryItemType </entity type> <context> The Company is involved in long-term construction contracts in which it arranges project financing with certain customers. As a result, the Company issued $ 39 million and $ 38 million of debt during the year ended December 31, 2023 an... | us-gaap:RepaymentsOfLongTermDebt |
The Company is involved in long-term construction contracts in which it arranges project financing with certain customers. As a result, the Company issued $ 39 million and $ 38 million of debt during the year ended December 31, 2023 and 2022, respectively. Long-term debt repayments associated with these financing arran... | text | 160 | monetaryItemType | text: <entity> 160 </entity> <entity type> monetaryItemType </entity type> <context> The Company is involved in long-term construction contracts in which it arranges project financing with certain customers. As a result, the Company issued $ 39 million and $ 38 million of debt during the year ended December 31, 2023 an... | us-gaap:RepaymentsOfLongTermDebt |
On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). The tender offers included payment of applicable accrued and unpaid interest up to the s... | text | 1.15 | monetaryItemType | text: <entity> 1.15 </entity> <entity type> monetaryItemType </entity type> <context> On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). Th... | us-gaap:DebtInstrumentFaceAmount |
On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). The tender offers included payment of applicable accrued and unpaid interest up to the s... | text | 2.242 | percentItemType | text: <entity> 2.242 </entity> <entity type> percentItemType </entity type> <context> On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). Th... | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). The tender offers included payment of applicable accrued and unpaid interest up to the s... | text | 2.493 | percentItemType | text: <entity> 2.493 </entity> <entity type> percentItemType </entity type> <context> On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). Th... | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). The tender offers included payment of applicable accrued and unpaid interest up to the s... | text | 350 | monetaryItemType | text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). The... | us-gaap:DebtInstrumentFaceAmount |
On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). The tender offers included payment of applicable accrued and unpaid interest up to the s... | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). The ... | us-gaap:GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost |
On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). The tender offers included payment of applicable accrued and unpaid interest up to the s... | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> On March 15, 2022, the Company commenced tender offers to purchase up to $ 1.15 billion ("Aggregate Tender Cap") aggregate principal of the Company's 2.242 % Notes due 2025 and 2.493 % Notes due 2027 (together, the "Senior Notes"). The t... | us-gaap:WriteOffOfDeferredDebtIssuanceCost |
In connection with the acquisition of the VCS Business, the Company entered into window forward contracts with Bank of America N.A. and JPMorgan Chase Bank N.A. to mitigate the foreign currency risk of the expected cash outflows associated with the Euro-denominated purchase price. The instruments have an aggregate noti... | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the acquisition of the VCS Business, the Company entered into window forward contracts with Bank of America N.A. and JPMorgan Chase Bank N.A. to mitigate the foreign currency risk of the expected cash outflows associat... | us-gaap:DerivativeNotionalAmount |
in the accompanying Consolidated Statement of Operations. During the year ended December 31, 2023, the Company recognized a $ 96 million loss on the mark-to-market valuation of its window forward contracts. The Company settled the window forward contracts on January 2, 2024 upon the acquisition of the VCS Business. | text | 96 | monetaryItemType | text: <entity> 96 </entity> <entity type> monetaryItemType </entity type> <context> in the accompanying Consolidated Statement of Operations. During the year ended December 31, 2023, the Company recognized a $ 96 million loss on the mark-to-market valuation of its window forward contracts. The Company settled the windo... | us-gaap:LossOnDerivativeInstrumentsPretax |
During 2023, the Company entered into several interest rate swap contracts to mitigate interest rate exposure on the forecasted issuance of long-term debt. The contracts had an aggregate notional amount of $ 1.525 billion and were designated as cash flow hedges with changes in fair value reported in | text | 1.525 | monetaryItemType | text: <entity> 1.525 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, the Company entered into several interest rate swap contracts to mitigate interest rate exposure on the forecasted issuance of long-term debt. The contracts had an aggregate notional amount of $ 1.525 billion and were de... | us-gaap:DerivativeNotionalAmount |
in the accompanying Consolidated Balance Sheet. Fair value was measured on a recurring basis using observable market inputs, such as forward, discount and interest rates. In November 2023, the contracts were settled upon the issuance of the underlying debt. As a result, the Company deferred a net unrecognized gain of $... | text | 58 | monetaryItemType | text: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> in the accompanying Consolidated Balance Sheet. Fair value was measured on a recurring basis using observable market inputs, such as forward, discount and interest rates. In November 2023, the contracts were settled upon the issuance of... | us-gaap:GainOnDerivativeInstrumentsPretax |
over the term of the related notes which range from 2034 to 2044. The amount expected to be amortized over the next twelve months is a net gain of $ 3 million. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> over the term of the related notes which range from 2034 to 2044. The amount expected to be amortized over the next twelve months is a net gain of $ 3 million. </context> | us-gaap:InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet |
The accumulated benefit obligation for all defined benefit plans was $ 0.6 billion and $ 0.7 billion as of December 31, 2023 and 2022, respectively. | text | 0.6 | monetaryItemType | text: <entity> 0.6 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for all defined benefit plans was $ 0.6 billion and $ 0.7 billion as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The accumulated benefit obligation for all defined benefit plans was $ 0.6 billion and $ 0.7 billion as of December 31, 2023 and 2022, respectively. | text | 0.7 | monetaryItemType | text: <entity> 0.7 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for all defined benefit plans was $ 0.6 billion and $ 0.7 billion as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
For the years ended December 31, 2023, 2022 and 2021, the Company made $ 33 million, $ 16 million and $ 47 million, respectively, of cash contributions to its defined benefit pension plans. The Company expects to make total contributions of approximately $ 5 million to its defined benefit pension plans in 2024. | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2023, 2022 and 2021, the Company made $ 33 million, $ 16 million and $ 47 million, respectively, of cash contributions to its defined benefit pension plans. The Company expects to make total contribution... | us-gaap:DefinedContributionPlanCostRecognized |
For the years ended December 31, 2023, 2022 and 2021, the Company made $ 33 million, $ 16 million and $ 47 million, respectively, of cash contributions to its defined benefit pension plans. The Company expects to make total contributions of approximately $ 5 million to its defined benefit pension plans in 2024. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2023, 2022 and 2021, the Company made $ 33 million, $ 16 million and $ 47 million, respectively, of cash contributions to its defined benefit pension plans. The Company expects to make total contribution... | us-gaap:DefinedContributionPlanCostRecognized |
For the years ended December 31, 2023, 2022 and 2021, the Company made $ 33 million, $ 16 million and $ 47 million, respectively, of cash contributions to its defined benefit pension plans. The Company expects to make total contributions of approximately $ 5 million to its defined benefit pension plans in 2024. | text | 47 | monetaryItemType | text: <entity> 47 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2023, 2022 and 2021, the Company made $ 33 million, $ 16 million and $ 47 million, respectively, of cash contributions to its defined benefit pension plans. The Company expects to make total contribution... | us-gaap:DefinedContributionPlanCostRecognized |
For the years ended December 31, 2023, 2022 and 2021, the Company made $ 33 million, $ 16 million and $ 47 million, respectively, of cash contributions to its defined benefit pension plans. The Company expects to make total contributions of approximately $ 5 million to its defined benefit pension plans in 2024. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2023, 2022 and 2021, the Company made $ 33 million, $ 16 million and $ 47 million, respectively, of cash contributions to its defined benefit pension plans. The Company expects to make total contributions... | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
The Company's investment objective is to provide liquidity and asset levels needed to meet current and future benefit payments, while maintaining a prudent degree of portfolio diversification considering interest rate risk and market volatility. Globally, investment strategies target a mix of approximately 30 % of grow... | text | 30 | percentItemType | text: <entity> 30 </entity> <entity type> percentItemType </entity type> <context> The Company's investment objective is to provide liquidity and asset levels needed to meet current and future benefit payments, while maintaining a prudent degree of portfolio diversification considering interest rate risk and market vol... | us-gaap:DefinedBenefitPlanPlanAssetsInvestmentWithinPlanAssetCategoryPercentage |
The Company's investment objective is to provide liquidity and asset levels needed to meet current and future benefit payments, while maintaining a prudent degree of portfolio diversification considering interest rate risk and market volatility. Globally, investment strategies target a mix of approximately 30 % of grow... | text | 70 | percentItemType | text: <entity> 70 </entity> <entity type> percentItemType </entity type> <context> The Company's investment objective is to provide liquidity and asset levels needed to meet current and future benefit payments, while maintaining a prudent degree of portfolio diversification considering interest rate risk and market vol... | us-gaap:DefinedBenefitPlanPlanAssetsInvestmentWithinPlanAssetCategoryPercentage |
The Company contributes to various domestic and foreign multiemployer defined benefit pension plans. The risks of participating in these multiemployer plans are different from those of single-employer plans in that assets contributed are pooled and may be used to provide benefits to employees of other participating emp... | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> The Company contributes to various domestic and foreign multiemployer defined benefit pension plans. The risks of participating in these multiemployer plans are different from those of single-employer plans in that assets contributed ar... | us-gaap:MultiemployerPlanEmployerContributionCost |
The Company sponsors various employee savings plans. Employer contributions are determined based on criteria specific to each plan and were $ 125 million, $ 123 million and $ 115 million for the year ended December 31, 2023, 2022 and 2021, respectively. | text | 125 | monetaryItemType | text: <entity> 125 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors various employee savings plans. Employer contributions are determined based on criteria specific to each plan and were $ 125 million, $ 123 million and $ 115 million for the year ended December 31, 2023, 2022 and 2... | us-gaap:DefinedContributionPlanCostRecognized |
The Company sponsors various employee savings plans. Employer contributions are determined based on criteria specific to each plan and were $ 125 million, $ 123 million and $ 115 million for the year ended December 31, 2023, 2022 and 2021, respectively. | text | 123 | monetaryItemType | text: <entity> 123 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors various employee savings plans. Employer contributions are determined based on criteria specific to each plan and were $ 125 million, $ 123 million and $ 115 million for the year ended December 31, 2023, 2022 and 2... | us-gaap:DefinedContributionPlanCostRecognized |
The Company sponsors various employee savings plans. Employer contributions are determined based on criteria specific to each plan and were $ 125 million, $ 123 million and $ 115 million for the year ended December 31, 2023, 2022 and 2021, respectively. | text | 115 | monetaryItemType | text: <entity> 115 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors various employee savings plans. Employer contributions are determined based on criteria specific to each plan and were $ 125 million, $ 123 million and $ 115 million for the year ended December 31, 2023, 2022 and 2... | us-gaap:DefinedContributionPlanCostRecognized |
The authorized number of shares of common stock of Carrier is 4,000,000,000 shares of $ 0.01 par value. As of December 31, 2023 and December 31, 2022, 883,068,393 and 876,487,480 shares of common stock were issued, respectively, which includes 43,490,981 and 42,103,995 shares of treasury stock, respectively. | text | 883068393 | sharesItemType | text: <entity> 883068393 </entity> <entity type> sharesItemType </entity type> <context> The authorized number of shares of common stock of Carrier is 4,000,000,000 shares of $ 0.01 par value. As of December 31, 2023 and December 31, 2022, 883,068,393 and 876,487,480 shares of common stock were issued, respectively, wh... | us-gaap:CommonStockSharesIssued |
The authorized number of shares of common stock of Carrier is 4,000,000,000 shares of $ 0.01 par value. As of December 31, 2023 and December 31, 2022, 883,068,393 and 876,487,480 shares of common stock were issued, respectively, which includes 43,490,981 and 42,103,995 shares of treasury stock, respectively. | text | 876487480 | sharesItemType | text: <entity> 876487480 </entity> <entity type> sharesItemType </entity type> <context> The authorized number of shares of common stock of Carrier is 4,000,000,000 shares of $ 0.01 par value. As of December 31, 2023 and December 31, 2022, 883,068,393 and 876,487,480 shares of common stock were issued, respectively, wh... | us-gaap:CommonStockSharesIssued |
The authorized number of shares of common stock of Carrier is 4,000,000,000 shares of $ 0.01 par value. As of December 31, 2023 and December 31, 2022, 883,068,393 and 876,487,480 shares of common stock were issued, respectively, which includes 43,490,981 and 42,103,995 shares of treasury stock, respectively. | text | 43490981 | sharesItemType | text: <entity> 43490981 </entity> <entity type> sharesItemType </entity type> <context> The authorized number of shares of common stock of Carrier is 4,000,000,000 shares of $ 0.01 par value. As of December 31, 2023 and December 31, 2022, 883,068,393 and 876,487,480 shares of common stock were issued, respectively, whi... | us-gaap:CommonStockSharesIssued |
The authorized number of shares of common stock of Carrier is 4,000,000,000 shares of $ 0.01 par value. As of December 31, 2023 and December 31, 2022, 883,068,393 and 876,487,480 shares of common stock were issued, respectively, which includes 43,490,981 and 42,103,995 shares of treasury stock, respectively. | text | 42103995 | sharesItemType | text: <entity> 42103995 </entity> <entity type> sharesItemType </entity type> <context> The authorized number of shares of common stock of Carrier is 4,000,000,000 shares of $ 0.01 par value. As of December 31, 2023 and December 31, 2022, 883,068,393 and 876,487,480 shares of common stock were issued, respectively, whi... | us-gaap:CommonStockSharesIssued |
. Since the initial authorization in February 2021, the Company's Board of Directors authorized the repurchase of up to $ 4.1 billion of the Company's outstanding common stock. | text | 4.1 | monetaryItemType | text: <entity> 4.1 </entity> <entity type> monetaryItemType </entity type> <context> . Since the initial authorization in February 2021, the Company's Board of Directors authorized the repurchase of up to $ 4.1 billion of the Company's outstanding common stock. </context> | us-gaap:StockRepurchaseProgramAuthorizedAmount1 |
As of December 31, 2023, the Company repurchased 43.5 million shares of common stock for an aggregate purchase price of $ 2.0 billion, which includes shares repurchased under an accelerated share repurchase agreement. As a result, the Company has approximately $ 2.1 billion remaining under the current authorization at ... | text | 43.5 | sharesItemType | text: <entity> 43.5 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2023, the Company repurchased 43.5 million shares of common stock for an aggregate purchase price of $ 2.0 billion, which includes shares repurchased under an accelerated share repurchase agreement. As a result, the C... | us-gaap:TreasuryStockSharesAcquired |
As of December 31, 2023, the Company repurchased 43.5 million shares of common stock for an aggregate purchase price of $ 2.0 billion, which includes shares repurchased under an accelerated share repurchase agreement. As a result, the Company has approximately $ 2.1 billion remaining under the current authorization at ... | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company repurchased 43.5 million shares of common stock for an aggregate purchase price of $ 2.0 billion, which includes shares repurchased under an accelerated share repurchase agreement. As a result, the ... | us-gaap:TreasuryStockValueAcquiredCostMethod |
As of December 31, 2023, the Company repurchased 43.5 million shares of common stock for an aggregate purchase price of $ 2.0 billion, which includes shares repurchased under an accelerated share repurchase agreement. As a result, the Company has approximately $ 2.1 billion remaining under the current authorization at ... | text | 2.1 | monetaryItemType | text: <entity> 2.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company repurchased 43.5 million shares of common stock for an aggregate purchase price of $ 2.0 billion, which includes shares repurchased under an accelerated share repurchase agreement. As a result, the ... | us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
The Company recognized revenue of $ 347 million for the year ended December 31, 2023 that was related to contract liabilities as of January 1, 2023. The Company expects a majority of its contract liabilities at the end of the period to be recognized as revenue over the next 12 months. There were no individually signifi... | text | 347 | monetaryItemType | text: <entity> 347 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized revenue of $ 347 million for the year ended December 31, 2023 that was related to contract liabilities as of January 1, 2023. The Company expects a majority of its contract liabilities at the end of the period to... | us-gaap:ContractWithCustomerLiabilityRevenueRecognized |
As of December 31, 2023 and 2022, there were $ 76 million and $ 64 million of unrecognized stock-based compensation costs related to non-vested awards granted under the plan, respectively, which will be recognized ratably over the awards weighted-average remaining vesting period of 2 years. | text | 76 | monetaryItemType | text: <entity> 76 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023 and 2022, there were $ 76 million and $ 64 million of unrecognized stock-based compensation costs related to non-vested awards granted under the plan, respectively, which will be recognized ratably over the award... | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
As of December 31, 2023 and 2022, there were $ 76 million and $ 64 million of unrecognized stock-based compensation costs related to non-vested awards granted under the plan, respectively, which will be recognized ratably over the awards weighted-average remaining vesting period of 2 years. | text | 64 | monetaryItemType | text: <entity> 64 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023 and 2022, there were $ 76 million and $ 64 million of unrecognized stock-based compensation costs related to non-vested awards granted under the plan, respectively, which will be recognized ratably over the award... | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
As of December 31, 2023, the Company had $ 55 million accrued for costs associated with its announced restructuring initiatives. The balance relates to cost reduction efforts, primarily severance, across each of the Company's segments. In addition, reserves associated with the Company's planned portfolio transformation... | text | 55 | monetaryItemType | text: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company had $ 55 million accrued for costs associated with its announced restructuring initiatives. The balance relates to cost reduction efforts, primarily severance, across each of the Company's segments. ... | us-gaap:RestructuringReserve |
In connection with the proposed acquisition of the VCS Business, the Company recognized a $ 96 million loss during the year ended December 31, 2023 on the mark-to-market valuation of our window forward contracts associated with the expected cash outflows of the Euro-denominated purchase price. In addition, the Company ... | text | 96 | monetaryItemType | text: <entity> 96 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the proposed acquisition of the VCS Business, the Company recognized a $ 96 million loss during the year ended December 31, 2023 on the mark-to-market valuation of our window forward contracts associated with the expe... | us-gaap:LossOnDerivativeInstrumentsPretax |
In connection with the proposed acquisition of the VCS Business, the Company recognized a $ 96 million loss during the year ended December 31, 2023 on the mark-to-market valuation of our window forward contracts associated with the expected cash outflows of the Euro-denominated purchase price. In addition, the Company ... | text | 297 | monetaryItemType | text: <entity> 297 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the proposed acquisition of the VCS Business, the Company recognized a $ 96 million loss during the year ended December 31, 2023 on the mark-to-market valuation of our window forward contracts associated with the exp... | us-gaap:DeconsolidationGainOrLossAmount |
In connection with the TCC acquisition, the carrying value of the Company's previously held TCC equity investments were recognized at fair value at the date of acquisition. As a result, the Company recognized a $ 697 million non-cash gain associated with the increase in our ownership interest. In addition, the Company ... | text | 697 | monetaryItemType | text: <entity> 697 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the TCC acquisition, the carrying value of the Company's previously held TCC equity investments were recognized at fair value at the date of acquisition. As a result, the Company recognized a $ 697 million non-cash g... | us-gaap:BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain |
In connection with the TCC acquisition, the carrying value of the Company's previously held TCC equity investments were recognized at fair value at the date of acquisition. As a result, the Company recognized a $ 697 million non-cash gain associated with the increase in our ownership interest. In addition, the Company ... | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the TCC acquisition, the carrying value of the Company's previously held TCC equity investments were recognized at fair value at the date of acquisition. As a result, the Company recognized a $ 697 million non-cash g... | us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal |
The effective tax rate for the year ended December 31, 2023 was higher than the Company's statutory U.S. federal income tax rate. The increase was primarily driven by a net tax charge of $ 90 million relating to the re-organization and disentanglement of CCR and certain Fire & Security industrial businesses in advance ... | text | 90 | monetaryItemType | text: <entity> 90 </entity> <entity type> monetaryItemType </entity type> <context> The effective tax rate for the year ended December 31, 2023 was higher than the Company's statutory U.S. federal income tax rate. The increase was primarily driven by a net tax charge of $ 90 million relating to the re-organization and ... | us-gaap:IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges |
The effective tax rate for the year ended December 31, 2023 was higher than the Company's statutory U.S. federal income tax rate. The increase was primarily driven by a net tax charge of $ 90 million relating to the re-organization and disentanglement of CCR and certain Fire & Security industrial businesses in advance ... | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> The effective tax rate for the year ended December 31, 2023 was higher than the Company's statutory U.S. federal income tax rate. The increase was primarily driven by a net tax charge of $ 90 million relating to the re-organization and ... | us-gaap:IncomeTaxReconciliationChangeInEnactedTaxRate |
The effective tax rate for the year ended December 31, 2023 was higher than the Company's statutory U.S. federal income tax rate. The increase was primarily driven by a net tax charge of $ 90 million relating to the re-organization and disentanglement of CCR and certain Fire & Security industrial businesses in advance ... | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> The effective tax rate for the year ended December 31, 2023 was higher than the Company's statutory U.S. federal income tax rate. The increase was primarily driven by a net tax charge of $ 90 million relating to the re-organization and ... | us-gaap:IncomeTaxReconciliationRepatriationOfForeignEarnings |
The effective tax rate for the year ended December 31, 2023 was higher than the Company's statutory U.S. federal income tax rate. The increase was primarily driven by a net tax charge of $ 90 million relating to the re-organization and disentanglement of CCR and certain Fire & Security industrial businesses in advance ... | text | 96 | monetaryItemType | text: <entity> 96 </entity> <entity type> monetaryItemType </entity type> <context> The effective tax rate for the year ended December 31, 2023 was higher than the Company's statutory U.S. federal income tax rate. The increase was primarily driven by a net tax charge of $ 90 million relating to the re-organization and ... | us-gaap:LossOnDerivativeInstrumentsPretax |
The effective tax rate for the year ended December 31, 2023 was higher than the Company's statutory U.S. federal income tax rate. The increase was primarily driven by a net tax charge of $ 90 million relating to the re-organization and disentanglement of CCR and certain Fire & Security industrial businesses in advance ... | text | 49 | monetaryItemType | text: <entity> 49 </entity> <entity type> monetaryItemType </entity type> <context> The effective tax rate for the year ended December 31, 2023 was higher than the Company's statutory U.S. federal income tax rate. The increase was primarily driven by a net tax charge of $ 90 million relating to the re-organization and ... | us-gaap:IncomeTaxReconciliationTaxCreditsForeign |
The effective tax rate for the year ended December 31, 2022 was lower than the Company's statutory U.S. federal income tax rate. The decrease was driven by a lower effective tax rate on the $ 705 million | text | 705 | monetaryItemType | text: <entity> 705 </entity> <entity type> monetaryItemType </entity type> <context> The effective tax rate for the year ended December 31, 2022 was lower than the Company's statutory U.S. federal income tax rate. The decrease was driven by a lower effective tax rate on the $ 705 million </context> | us-gaap:BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss |
the $ 1.1 billion Chubb gain and $ 45 million of foreign tax credits generated and utilized in the current year. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> the $ 1.1 billion Chubb gain and $ 45 million of foreign tax credits generated and utilized in the current year. </context> | us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal |
the $ 1.1 billion Chubb gain and $ 45 million of foreign tax credits generated and utilized in the current year. | text | 45 | monetaryItemType | text: <entity> 45 </entity> <entity type> monetaryItemType </entity type> <context> the $ 1.1 billion Chubb gain and $ 45 million of foreign tax credits generated and utilized in the current year. </context> | us-gaap:IncomeTaxReconciliationTaxCreditsForeign |
The effective tax rate for the year ended December 31, 2021 was higher than the Company's statutory U.S. federal income tax rate. The increase was driven by a net tax charge of $ 157 million primarily relating to the re-organization and disentanglement of certain Chubb subsidiaries executed in advance of the planned di... | text | 157 | monetaryItemType | text: <entity> 157 </entity> <entity type> monetaryItemType </entity type> <context> The effective tax rate for the year ended December 31, 2021 was higher than the Company's statutory U.S. federal income tax rate. The increase was driven by a net tax charge of $ 157 million primarily relating to the re-organization an... | us-gaap:IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges |
The effective tax rate for the year ended December 31, 2021 was higher than the Company's statutory U.S. federal income tax rate. The increase was driven by a net tax charge of $ 157 million primarily relating to the re-organization and disentanglement of certain Chubb subsidiaries executed in advance of the planned di... | text | 43 | monetaryItemType | text: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> The effective tax rate for the year ended December 31, 2021 was higher than the Company's statutory U.S. federal income tax rate. The increase was driven by a net tax charge of $ 157 million primarily relating to the re-organization and... | us-gaap:IncomeTaxReconciliationChangeInEnactedTaxRate |
Valuation allowances have been established primarily for tax credit carryforwards, tax loss carryforwards and certain foreign temporary differences to reduce future income tax benefits to expected realizable amounts. As of December 31, 2023, future income tax benefits and future income tax payables exclude a net liabil... | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> Valuation allowances have been established primarily for tax credit carryforwards, tax loss carryforwards and certain foreign temporary differences to reduce future income tax benefits to expected realizable amounts. As of December 31, 2... | us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredTaxLiabilities |
In conjunction with the announced portfolio transformation, the Company is implementing changes to its corporate structure, including intra-entity transfers of certain intellectual property to a subsidiary in Switzerland. During 2024, the Company will begin transferring certain intellectual property from wholly-owned l... | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> In conjunction with the announced portfolio transformation, the Company is implementing changes to its corporate structure, including intra-entity transfers of certain intellectual property to a subsidiary in Switzerland. During 2024, ... | us-gaap:TaxCreditCarryforwardAmount |
As of December 31, 2023, the Company had unrecognized tax benefits of $ 382 million, all of which, if recognized, would impact its effective tax rate. A reconciliation of the beginning and ending amounts of unrecognized tax benefits and related interest expense is as follows: | text | 382 | monetaryItemType | text: <entity> 382 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the Company had unrecognized tax benefits of $ 382 million, all of which, if recognized, would impact its effective tax rate. A reconciliation of the beginning and ending amounts of unrecognized tax benefits an... | us-gaap:UnrecognizedTaxBenefits |
In the ordinary course of business, there is inherent uncertainty in quantifying the Company's income tax positions. The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances and information available at the... | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> In the ordinary course of business, there is inherent uncertainty in quantifying the Company's income tax positions. The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon ... | us-gaap:DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible |
In the ordinary course of business, there is inherent uncertainty in quantifying the Company's income tax positions. The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances and information available at the... | text | 80 | monetaryItemType | text: <entity> 80 </entity> <entity type> monetaryItemType </entity type> <context> In the ordinary course of business, there is inherent uncertainty in quantifying the Company's income tax positions. The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon ... | us-gaap:DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible |
As a result of the Tax Cuts and Jobs Act ("TCJA"), the Company no longer intends to reinvest certain undistributed earnings of its international subsidiaries that have been previously taxed in the U.S. As such, the Company has recorded tax liabilities associated with the future remittance of these earnings. For the rem... | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the Tax Cuts and Jobs Act ("TCJA"), the Company no longer intends to reinvest certain undistributed earnings of its international subsidiaries that have been previously taxed in the U.S. As such, the Company has recorded ... | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
During the year ended December 31, 2023, the Company acquired consolidated and minority-owned businesses. The aggregate cash paid, net of cash acquired, totaled $ 84 million. Acquisitions are recorded using the acquisition method of accounting in accordance with ASC 805. As a result, the aggregate purchase price has be... | text | 84 | monetaryItemType | text: <entity> 84 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, the Company acquired consolidated and minority-owned businesses. The aggregate cash paid, net of cash acquired, totaled $ 84 million. Acquisitions are recorded using the acquisition method of acc... | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
On February 6, 2022, the Company entered into a binding agreement to acquire a majority ownership interest in TCC for $ 920 million. TCC, a VRF and light commercial HVAC joint venture between Carrier and Toshiba Corporation, designs and manufactures flexible, energy-efficient and high-performance VRF and light commerci... | text | 920 | monetaryItemType | text: <entity> 920 </entity> <entity type> monetaryItemType </entity type> <context> On February 6, 2022, the Company entered into a binding agreement to acquire a majority ownership interest in TCC for $ 920 million. TCC, a VRF and light commercial HVAC joint venture between Carrier and Toshiba Corporation, designs an... | us-gaap:BusinessCombinationConsiderationTransferred1 |
On February 6, 2022, the Company entered into a binding agreement to acquire a majority ownership interest in TCC for $ 920 million. TCC, a VRF and light commercial HVAC joint venture between Carrier and Toshiba Corporation, designs and manufactures flexible, energy-efficient and high-performance VRF and light commerci... | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> On February 6, 2022, the Company entered into a binding agreement to acquire a majority ownership interest in TCC for $ 920 million. TCC, a VRF and light commercial HVAC joint venture between Carrier and Toshiba Corporation, designs and m... | us-gaap:MinorityInterestOwnershipPercentageByParent |
The excess purchase price over the estimated fair value of the net assets acquired was recognized as goodwill and totaled $ 876 million, which is not deductible for tax purposes. | text | 876 | monetaryItemType | text: <entity> 876 </entity> <entity type> monetaryItemType </entity type> <context> The excess purchase price over the estimated fair value of the net assets acquired was recognized as goodwill and totaled $ 876 million, which is not deductible for tax purposes. </context> | us-gaap:Goodwill |
Accounts receivable and current liabilities were stated at their historical carrying value, which approximates fair value given the short-term nature of these assets and liabilities. The estimate of fair value for inventory and fixed assets was based on an assessment of the acquired assets' condition as well as an eval... | text | 41 | monetaryItemType | text: <entity> 41 </entity> <entity type> monetaryItemType </entity type> <context> Accounts receivable and current liabilities were stated at their historical carrying value, which approximates fair value given the short-term nature of these assets and liabilities. The estimate of fair value for inventory and fixed as... | us-gaap:BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred |
Accounts receivable and current liabilities were stated at their historical carrying value, which approximates fair value given the short-term nature of these assets and liabilities. The estimate of fair value for inventory and fixed assets was based on an assessment of the acquired assets' condition as well as an eval... | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Accounts receivable and current liabilities were stated at their historical carrying value, which approximates fair value given the short-term nature of these assets and liabilities. The estimate of fair value for inventory and fixed as... | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables |
The Company previously accounted for its minority ownership in TCC under the equity method of accounting. In connection with the transaction, the carrying value of the Company's previously held TCC equity investments were recognized at fair value at the date of acquisition using an income approach methodology. As a res... | text | 697 | monetaryItemType | text: <entity> 697 </entity> <entity type> monetaryItemType </entity type> <context> The Company previously accounted for its minority ownership in TCC under the equity method of accounting. In connection with the transaction, the carrying value of the Company's previously held TCC equity investments were recognized at... | us-gaap:BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain |
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