XML 32 R23.htm IDEA: XBRL DOCUMENT v3.23.1
DERIVATIVE INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Effect of Fair Value Hedges in Interest Expense, Net
The effect of the Company's fair value hedges on the Condensed Consolidated Statements of Earnings in Interest expense – net is as follows (in millions of dollars):

Three Months Ended March 31,
20232022
Gain or (loss):
Interest rate swaps:
      Hedged item$(8)$19 
      Derivatives designated as hedging instrument$8 $(19)
Schedule of Fair Value and Carrying Amounts of Outstanding Derivative Instruments
The location and fair values of derivative instruments designated as hedging instruments in the Condensed Consolidated Balance Sheets as of March 31, 2023, are shown in the following table (in millions of dollars):
As of
March 31, 2023December 31, 2022
Interest rate swaps reported in Other non-current liabilities$22 $34