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DEBT (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
Total debt, including long-term and current maturities, consisted of the following (in millions of dollars):
As of
September 30, 2024
December 31, 2023
Carrying ValueFair Value Carrying ValueFair 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 400361
Debt issuance costs – net of amortization and other(21)(21)(34)(34)
Long-term debt2,279 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 maturities497 492 34 34 
Total debt$2,776 $2,608 $2,300 $2,147