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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Measurements, Recurring and Nonrecurring | The following tables provide the valuation hierarchy classification of assets and liabilities that are recorded at fair value and measured on a recurring basis in the accompanying Unaudited Condensed Consolidated Balance Sheet:
(In millions) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
June 30, 2024 |  |  |  |  |  |  |  |
Derivative assets (1)(3) |  | $ | 62 |  |  | $ | — |  |  | $ | 62 |  |  | $ | — |
Derivative liabilities (2)(3) |  | $ | (12) |  |  | $ | — |  |  | $ | (12) |  |  | $ | — |
December 31, 2023 |  |  |  |  |  |  |  |
Derivative assets (1) (3) |  | $ | 32 |  |  | $ | — |  |  | $ | 32 |  |  | $ | — |
Derivative liabilities (2) (3) |  | $ | (126) |  |  | $ | — |  |  | $ | (126) |  |  | $ | — |
(1) Included in Other current assets and Other assets on the accompanying Unaudited Condensed Consolidated Balance Sheet. (2) Included in Accrued liabilities and Other long-term liabilities on the accompanying Unaudited Condensed Consolidated Balance Sheet. (3) Includes cross currency swaps and window forward contracts (which were settled on January 2, 2024). The following table provides the carrying amounts and fair values of the Company's long-term notes that are not recorded at fair value in the accompanying Unaudited Condensed Consolidated Balance Sheet:
|  | June 30, 2024 |  | December 31, 2023 |
(In millions) |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value |
Total long-term notes (1) |  | $ | 12,860 |  |  | $ | 11,725 |  |  | $ | 13,951 |  |  | $ | 13,194 |  |
(1) Excludes debt discount and issuance costs.

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