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DEBT (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Details of the Company’s outstanding long-term debt, as well as the fair values, are as follows (in millions):

			December 31, 2022									December 31, 2021
			Carrying Value			Fair Value						Carrying Value			Fair Value
4.200% senior notes, net of discount and financing fees, due 2024			398			99		%				397			107		%
3.400% senior notes, net of discount and financing fees, due 2026			398			94		%				397			106		%
3.950% senior notes, net of discount and financing fees, due 2029			446			90		%				446			110		%
3.875% senior notes, net of discount and financing fees, due 2030			298			89		%				297			109		%
7.000% senior notes, net of discount and financing fees, due 2036			368			107		%				368			141		%
4.300% senior notes, net of discount and financing fees, due 2047			589			78		%				589			115		%
4.400% senior notes, net of discount and financing fees, due 2048			390			78		%				390			118		%
Various finance leases, due through 2050 (a)			131			100		%				99			100		%
Other			2			N/A						2			N/A
Total long-term debt			3,020			N/A						2,985			N/A
Less – current portion (a)			28			100		%				25			100		%
Long-term debt, net of current portion			$	2,992		N/A						$	2,960		N/A

(a) The Company determined that the book value of the above noted long-term debt instruments approximates fair value.

Schedule of Line of Credit Facilities

The following table shows how the Company utilized its primary sources of liquidity (in millions):

						Balance at December 31, 2022
						Senior Revolving Credit Facility			Receivables Securitization Facility
Facility size						$	800		$	280
Collateral capacity limitation on availability						N/A			—
Outstanding borrowings						—			—
Outstanding letters of credit						4			1
Availability on facility						$	796		$	279

Schedule of Maturities of Long-term Debt

The aggregate maturities for all outstanding long-term debt borrowings for each of the five years following December 31, 2022 and thereafter are presented in the table below (in millions). The maturities below are the aggregate par amounts of the outstanding senior notes and finance lease liabilities:

Period			Maturities
2023			$	28
2024			420
2025			13
2026			408
2027			4
2028 and beyond			2,184
Total			$	3,057

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