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FAIR VALUE MEASUREMENT AND DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Liabilities Carried at Fair Value Measured on Recurring Basis

The following table summarizes the assets, liabilities, gross notional amounts, fair values, and fair value hierarchy classification of the designated and non-designated hedges discussed in the above sections as of December 31, 2023, which are

included in Other current assets and liabilities on the Consolidated Balance Sheets:

									Fair Value												Gross Notional Amount
In millions			Level						Designated						Non-Designated						Designated						Non-Designated
Foreign Exchange Contracts
Other current assets			2						$	6					$	3					$	319					$	110
Other current liabilities			2						(12)						(3)						655						200
Interest Rate Contracts
Other current assets			2						10						—						250						—
Total									$	4					$	—					$	1,224					$	310

The following table summarizes the assets, liabilities, gross notional amounts, fair values, and fair value hierarchy classification of the designated and non-designated hedges discussed in the above sections as of December 31, 2022, which are included in other current assets and liabilities on the Consolidated Balance Sheets:

									Fair Value												Gross Notional Amount
In millions			Level						Designated						Non-Designated						Designated						Non-Designated
Foreign Exchange Contracts
Other current assets			2						$	8					$	3					$	278					$	156
Other current liabilities			2						(11)						(3)						769						152
Total									$	(3)					$	—					$	1,047					$	308

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- References

No definition available.

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X

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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