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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | Tota l debt, including long-term and cur rent maturities, consisted of the following (in millions of dollars):
| As of
| September 30, 2024 |  | December 31, 2023
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
4.60% senior notes due 2045 | $1,000 |  | $948 |  | $1,000 |  | $967
1.85% senior notes due 2025 | — |  |  | — |  |  | 500 |  |  | 483 |
4.45% senior notes due 2034 | 500 |  |  | 499 |  |  | — |  |  | — |
3.75% senior notes due 2046 | 400 |  |  | 334 |  |  | 400 |  |  | 336 |
4.20% senior notes due 2047 | 400 |  |  | 356 |  |  | 400 |  | 361
Debt issuance costs – net of amortization and other | (21) |  |  | (21) |  |  | (34) |  |  | (34) |
Long-term debt | 2,279 |  |  | 2,116 |  |  | 2,266 |  |  | 2,113 |
1.85% senior notes due 2025 | 500 |  |  | 495 |  |  | — |  |  | — |
Japanese yen term loan | — |  |  | — |  |  | 32 |  |  | 32 |
Other | (3) |  |  | (3) |  |  | 2 |  |  | 2 |
Current maturities | 497 |  |  | 492 |  |  | 34 |  |  | 34 |
Total debt | $ | 2,776 |  |  | $ | 2,608 |  |  | $ | 2,300 |  |  | $ | 2,147 |

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