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Organization, Description of Business and Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accounts Receivable Securitization and Factoring Programs

Information related to the trade receivables sold was as follows:

												Three Months Ended March 31,
(In millions)																		2023						2022
Securitization programs
Receivables sold in period																		$	440					$	447
Cash consideration																		440						447
Factoring programs
Receivables sold in period																		24						21
Cash consideration																		24						21

Summary of Carrying Value and Valuation of Financial Instruments Within the Fair-Value Hierarchy

The fair value hierarchy of cash equivalents was as follows:

(In millions)						Carrying Value						Fair Value						Level 1
March 31, 2023						$	238					$	238					$	238
December 31, 2022						402						402						402

The fair value of our debt and classification in the fair value hierarchy was as follows:

(In millions)						Fair Value						Level 1						Level 2
March 31, 2023						$	2,616					$	395					$	2,221
December 31, 2022						2,601						392						2,209

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- Definition

Schedule Of Accounts Receivable Securitization And Factoring Programs [Table Text Block]

+ References

No definition available.

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