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ACQUISITIONS, DIVESTITURES, AND ASSETS AND LIABILITIES HELD FOR SALE (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed at the date of acquisition. These balances are not included in the Consolidated Balance Sheet as of September 30, 2024, as the date of acquisition occurred during the Company's fiscal period for the three months ended December 31, 2024.
Current assets$74 
Intangible assets931 
Other noncurrent assets68 
Current liabilities(100)
Noncurrent liabilities (2)
Net assets acquired971 
Goodwill866 
Purchase price$1,837 
The following table summarizes the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed that are included in the Consolidated Balance Sheet as of September 30, 2024:
Current assets$332 
Intangible assets1,205 
Other noncurrent assets185 
Current liabilities(121)
Noncurrent liabilities (167)
Net assets acquired1,434 
Goodwill539 
Purchase price$1,973 
The following table summarizes the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed that are included in the Consolidated Balance Sheet as of September 30, 2024:
Current assets$244 
Intangible assets2,050 
Other noncurrent assets20 
Current liabilities(135)
Noncurrent liabilities (7)
Net assets acquired2,172 
Goodwill2,826 
Purchase price$4,998 
Disposal Groups, Including Discontinued Operations
The following table summarizes the assets and liabilities classified as held for sale in the Consolidated Balance Sheet:
September 30, 2024
Assets held for sale
Accounts receivable
$190 
Inventories
201 
Other current assets
50 
Investments and long-term receivables
4 
Property, plant and equipment—net
159 
Goodwill
411 
Other intangible assets—net
608 
Other assets
20 
Valuation allowance on assets held for sale1
(125)
Total Assets held for sale
$1,518 
Liabilities held for sale
Accounts payable
$174 
Accrued liabilities
115 
Deferred income taxes
120 
Postretirement benefit obligations other than pensions
11 
Other liabilities
13 
Total Liabilities held for sale
$433 
1
The valuation allowance on assets held for sale primarily relates to losses on foreign currency translation which are expected to be reclassified out of accumulated other comprehensive loss upon close of a sale.