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DEBT (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments long-term, current maturities and debt issuance costs and discounts – net, consisted of the following (in millions of dollars):
As of
September 30, 2022
December 31, 2021
Carrying ValueFair Value Carrying ValueFair Value
4.60% senior notes due 2045
$1,000 $899 $1,000 $1,284 
1.85% senior notes due 2025
500 468 500 509 
4.20% senior notes due 2047
400 335 400 492 
3.75% senior notes due 2046
400 314 400 459 
Japanese yen term loan 62 62 78 78 
Other(31)(31)7 7 
Subtotal2,331 2,047 2,385 2,829 
Less current maturities(16)(16)— — 
Debt issuance costs and discounts – net of amortization
(21)(21)(23)(23)
Long-term debt$2,294 $2,010 $2,362 $2,806