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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis:

			March 31, 2024																								December 31, 2023
			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Assets
Foreign currency exchange contracts			$	—					$	50					$	—					$	50					$	—					$	35					$	—					$	35
Available for sale investments			66						293						—						359						63						217						—						280
Interest rate swap agreements			—						—						—						—						—						18						—						18
Cross currency swap agreements			—						4						—						4						—						—						—						—
Investments in equity securities			15						—						—						15						22						—						—						22
Right to HWI Net Sale Proceeds			—						—						9						9						—						—						9						9
Total assets			$	81					$	347					$	9					$	437					$	85					$	270					$	9					$	364
Liabilities
Foreign currency exchange contracts			$	—					$	19					$	—					$	19					$	—					$	9					$	—					$	9
Interest rate swap agreements			—						208						—						208						—						184						—						184
Commodity contracts			—						—						—						—						—						1						—						1
Cross currency swap agreements			—						72						—						72						—						145						—						145
Total liabilities			$	—					$	299					$	—					$	299					$	—					$	339					$	—					$	339

The following table sets forth a reconciliation of beginning and ending balances of assets and liabilities that were accounted for at fair value using level 3 measurements:

									Three Months Ended March 31, 2024
Balance at beginning of period									$	9
Receipt of HWI Net Sale Proceeds									—
Fair value adjustment of HWI Net Sale Proceeds									—
Balance at end of period									$	9

Financial Assets and Liabilities That Were Not Carried at Fair Value

The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:

			March 31, 2024												December 31, 2023
			Carrying Value						Fair Value						Carrying Value						Fair Value
Assets
Long-term receivables			$	260					$	190					$	232					$	173
Liabilities
Long-term debt and related current maturities			23,437						22,515						18,358						17,706

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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