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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Taxes Expense (Benefit) from Continuing Operations
Components of income taxes on income before income taxes and the components of deferred tax assets and liabilities were as follows, in millions:

 202320222021
Income before income taxes:
U.S. $968 $873 $374 
Foreign270 320 314 
$1,238 $1,193 $688 
Income tax expense:
Currently payable:
U.S. Federal$189 $178 $145 
State and local47 29 40 
Foreign74 96 93 
Deferred:
U.S. Federal— (16)(57)
State and local(39)2 (10)
Foreign7 (1)(1)
$278 $288 $210 
Deferred tax assets at December 31:
Receivables$11 $10 
Inventories19 21 
Other assets, including stock-based compensation9 13 
Accrued liabilities54 52 
Noncurrent operating lease liabilities54 50 
Other long-term liabilities53 51 
Capitalized research expenditures43 20 
Net operating loss carryforward74 21 
Tax credit carryforward10 11 
327 249 
Valuation allowance(33)(15)
294 234 
Deferred tax liabilities at December 31:
Property and equipment67 56 
Operating lease right-of-use assets57 53 
Intangibles81 65 
Investment in foreign subsidiaries11 10 
Other22 17 
238 201 
Net deferred tax asset at December 31$56 $33 
Schedule of Reconciliation of the U.S. Federal Statutory Tax Rate to the Income Tax Expense (Benefit) on Income (Loss) from Continuing Operations
A reconciliation of the U.S. Federal statutory tax rate to the income tax expense on income before income taxes was as follows:
Year Ended December 31,
 202320222021
U.S. Federal statutory tax rate 21 %21 %21 %
State and local taxes, net of U.S. Federal tax benefit3 2 4 
Higher taxes on foreign earnings2 2 3 
Valuation allowances(2)— — 
Stock-based compensation(1)— (1)
Business divestiture with no tax impact— — 1 
Disproportionate tax effects— — 2 
Other, net(1)(1)1 
Effective tax rate22 %24 %31 %
Schedule of Reconciliation of the Beginning and Ending Liability for Uncertain Tax Positions, Including Related Interest and Penalties
A reconciliation of the beginning and ending liability for uncertain tax positions, is as follows, in millions:
 20232022
Balance at January 1$83 $81 
Current year tax positions:
Additions17 21 
Reductions(2)(5)
Prior year tax positions:
Additions3 — 
Reductions— (3)
Lapse of applicable statutes of limitation(12)(11)
Settlement with tax authorities(5)— 
Balance at December 31$84 $83 
Liability for interest and penalties13 11 
Balance at December 31, including interest and penalties$97 $94