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LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt consisted of the following:

																		December 31,
			Effective Interest Rate															2023												2022
In millions									Face Value									Book Value						Fair Value 1						Book Value						Fair Value 1
Restated Credit Agreement:
Revolving Credit Facility			7.6		%				N/A									$	—					$	—					$	—					$	—
Delayed Draw Term Loan			6.8		%				$	250								250						250						—						—
Senior Notes:
4.375% Senior Notes, due 2023			—						$	—								—						—						250						248
4.15% Senior Notes, due 2024			4.4		%				$	725								725						722						723						714
3.20% Senior Notes, due 2025			3.4		%				$	500								499						484						498						471
3.45% Senior Notes, due 2026			3.5		%				$	750								749						718						749						699
1.25% Senior Notes (EUR), due 2027			1.5		%				€	500								547						509						529						455
4.70% Senior Notes, due 2028			4.8		%				$	1,250								1,245						1,237						1,244						1,201
Other Borrowings																		54						57						9						13
Total																		4,069						3,977						4,002						3,801
Less: current portion																		(781)						(779)						(251)						(249)
Long-term portion																		$	3,288					$	3,198					$	3,751					$	3,552

1. See Note 17 for information on the fair value measurement of the Company's long-term debt.

As of December 31, 2023, the annual repayment requirements for debt obligations are as follows:

In millions
2024			$	781
2025			500
2026			750
2027			803
2028			1,250
Total			$	4,084

Summary of Line of Credit Facilities

The following table presents availability under the Restated Credit Agreement as of December 31, 2023:

In millions						Revolving Credit Facility						Delayed Draw Term Loan						Total
Maximum Availability						$	1,500					$	250					$	1,750
Outstanding Borrowings						—						(250)						(250)
Current Availability						$	1,500					$	—					$	1,500

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