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DEBT (Tables)
 6 Months Ended
Jun. 30, 2023
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
June 30, 2023
December 31, 2022
Carrying ValueFair Value Carrying ValueFair Value
4.60% senior notes due 2045
$1,000 $949 $1,000 $916 
1.85% senior notes due 2025
500 475 500 470 
4.20% senior notes due 2047
400 351 400 338 
3.75% senior notes due 2046
400 325 400 317 
MonotaRO term loan 52 52 69 69 
Other(24)(24)(29)(29)
Subtotal2,328 2,128 2,340 2,081 
Less current maturities(33)(33)(35)(35)
Debt issuance costs and discounts – net of amortization
(20)(20)(21)(21)
Long-term debt$2,275 $2,075 $2,284 $2,025