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

3 Months Ended

Mar. 31, 2024

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)																		2024						2023
Securitization programs
Receivables sold in period																		$	450					$	440
Cash consideration																		450						440
Factoring programs
Receivables sold in period																		21						24
Cash consideration																		21						24

Schedule of Fair Value Hierarchy of Cash Equivalents

The fair value hierarchy of cash equivalents was as follows:

(In millions)						Carrying Value						Fair Value						Level 1
March 31, 2024						$	186					$	186					$	186
December 31, 2023						369						369						369

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, 2024						$	3,553					$	2,226					$	1,327
December 31, 2023						3,583						2,235						1,348

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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
-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
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

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- Definition

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

+ References

No definition available.

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