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FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Our assets and liabilities measured at fair value on a recurring basis consist of derivative instruments and investment securities.
March 31, 2024December 31, 2023
Level 1Level 2Level 3Net BalanceLevel 1Level 2Level 3Net Balance
Assets   
Derivatives
$— $21 $— $21 $— $34 $— $34 
Investment securities1,042 — 2 1,044 1,040 — 2 1,042 
Total assets1,042 21 2 1,065 1,040 34 2 1,076 
Liabilities
Derivatives— (73)— (73)— (76)— (76)
Total liabilities$— $(73)$— $(73)$— $(76)$— $(76)
Schedule of Investment Securities Classified as Available for Sale
March 31, 2024December 31, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAmortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Investment securities (1)
      
Non-U.S. debt securities (2)
$30 $— $— $30 $66 $1 $— $67 
Equity securities529 485 — 1,014 527 451 (3)975 
Total$559 $485 $— $1,044 $593 $452 $(3)$1,042 
(1)Gains recorded to earnings related to these securities were $27 million and $392 million for the three months ended March 31, 2024 and 2023, respectively.
(2)As of March 31, 2024, our non-U.S. debt securities are classified as available for sale securities and mature within two years.
Schedule of Derivatives The table below summarizes the fair value of all derivatives, including hedging instruments and embedded derivatives.
 March 31, 2024December 31, 2023
AssetsLiabilitiesAssetsLiabilities
Derivatives accounted for as hedges
Currency exchange contracts$10 $(1)$10 $(3)
Interest rate swap contracts— (57)— (52)
Derivatives not accounted for as hedges
Currency exchange contracts and other11 (15)24 (21)
Total derivatives$21 $(73)$34 $(76)