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PENSION PLANS (Tables)

12 Months Ended

Dec. 31, 2022

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Changes in Projected Benefit Obligations

The following tables provide a reconciliation of the change in the projected benefit obligation, the change in plan assets and the net amount recognized in the Consolidated Balance Sheets (in millions):    

			December 31, 2022																		December 31, 2021
			U.S.						Non-U.S.						Total						U.S.						Non-U.S.						Total
Change in Projected Benefit Obligation
Benefit obligation at beginning of period			$	841					$	476					$	1,317					$	910					$	523					$	1,433
Service cost			5						4						9						5						6						11
Interest cost			23						11						34						22						9						31
Actuarial gain			(174)						(103)						(277)						(31)						(28)						(59)
Currency gain			—						(38)						(38)						—						(10)						(10)
Benefits paid			(58)						(18)						(76)						(67)						(19)						(86)
Plan amendments			—						—						—						—						(1)						(1)
Settlements/curtailments			—						(4)						(4)						—						(4)						(4)
Other			1						(2)						(1)						2						—						2
Benefit obligation at end of period			$	638					$	326					$	964					$	841					$	476					$	1,317

Schedule of Changes in Fair Value of Plan Assets

			December 31, 2022																		December 31, 2021
			U.S.						Non-U.S.						Total						U.S.						Non-U.S.						Total
Change in Plan Assets
Fair value of assets at beginning of period			$	816					$	443					$	1,259					$	842					$	441					$	1,283
Actual return on plan assets			(156)						(92)						(248)						41						12						53
Currency loss			—						(35)						(35)						—						(8)						(8)
Company contributions			—						8						8						—						21						21
Benefits paid			(58)						(18)						(76)						(67)						(19)						(86)
Settlements/curtailments			—						(4)						(4)						—						(4)						(4)
Fair value of assets at end of period			602						302						904						816						443						1,259
Funded status			$	(36)					$	(24)					$	(60)					$	(25)					$	(33)					$	(58)

Schedule of Amounts Recognized in Balance Sheet

The following table presents the amount recorded and respective location in the Consolidated Balance sheet (in millions):

						December 31, 2022																		December 31, 2021
			Location			U.S.						Non-U.S.						Total						U.S.						Non-U.S.						Total
Prepaid pension cost			Other non-current assets			$	—					$	21					$	21					$	—					$	21					$	21
Accrued pension cost – current			Other current liabilities			(1)						(2)						(3)						—						(2)						(2)
Accrued pension cost – non-current			Pension plan liability			(35)						(43)						(78)						(25)						(52)						(77)
Total amount recorded						$	(36)					$	(24)					$	(60)					$	(25)					$	(33)					$	(58)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

Amounts Recorded in AOCI
Net actuarial loss			$	(340)					$	(72)					$	(412)					$	(333)					$	(74)					$	(407)
Net prior service cost			—						(5)						(5)						—						(7)						(7)
Total amount recorded			$	(340)					$	(77)					$	(417)					$	(333)					$	(81)					$	(414)

Schedule of Assumptions Used to Determine Benefit Obligations

The following table presents weighted average assumptions used to determine benefit obligations at the measurement dates:

			December 31,
			2022						2021
United States Plans
Discount rate			5.15		%				2.85		%
Cash balance interest crediting rate			3.77		%				1.26		%
Non-United States Plans
Discount rate			5.02		%				2.35		%
Rate of compensation increase			3.31		%				3.31		%

Schedule of Allocation of Plan Assets

The following table summarizes the fair values and applicable fair value hierarchy levels of United States pension plan assets (in millions):                                                     

			December 31, 2022
Asset Category			Level 1						Level 2						Level 3						Total
Equities:
Domestic			$	39					$	—					$	—					$	39
Fixed income and cash equivalents:
Corporate bonds			26						230						—						256
Government debt			—						58						—						58
Total United States plan assets subject to leveling			$	65					$	288					$	—					353
Plan assets measured at NAV:
Equities																					95
Real assets																					25
Fixed income and cash equivalents																					87
Absolute return strategies																					42
Total United States plan assets																					$	602

			December 31, 2021
Asset Category			Level 1						Level 2						Level 3						Total
Equities:
Domestic			$	56					$	—					$	—					$	56
Fixed income and cash equivalents:
Corporate bonds			35						328						—						363
Government debt			—						78						—						78
Total United States plan assets subject to leveling			$	91					$	406					$	—					497
Plan assets measured at NAV:
Equities																					144
Fixed income and cash equivalents																					125
Absolute return strategies																					50
Total United States plan assets																					$	816

The following table summarizes the fair values and applicable fair value hierarchy levels of non-United States pension plan assets (in millions):

			December 31, 2022
Asset Category			Level 1						Level 2						Level 3						Total
Equities			$	—					$	1											$	1
Fixed income and cash equivalents:
Cash and cash equivalents			—						56												56
Fixed income			—						11												11
Total non-United States plan assets subject to leveling			$	—					$	68					$	—					68
Plan assets measured at NAV:
Equities																					22
Fixed income and cash equivalents																					127
Absolute return strategies and other																					85
Total non-United States plan assets																					$	302

			December 31, 2021
Asset Category			Level 1						Level 2						Level 3						Total
Equities			$	—					$	2					$	—					$	2
Fixed income and cash equivalents:
Cash and cash equivalents			—						72						—						72
Corporate bonds			—						10						—						10
Total non-United States plan assets subject to leveling			$	—					$	84					$	—					84
Plan assets measured at NAV:
Equities																					61
Fixed income and cash equivalents																					202
Absolute return strategies																					96
Total non-United States plan assets																					$	443

Pension Plans, Defined Benefit

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

The following table presents information about the projected benefit obligation, accumulated benefit obligation (ABO) and plan assets of the Company’s pension plans (in millions):

			December 31, 2022																		December 31, 2021
			U.S.						Non-U.S.						Total						U.S.						Non-U.S.						Total
Plans with PBO in excess of fair value of plan assets:
Projected benefit obligation			$	638					$	208					$	846					$	841					$	328					$	1,169
Fair value of plan assets			$	602					$	163					$	765					$	816					$	275					$	1,091
Plans with ABO in excess of fair value of plan assets:
Accumulated benefit obligation			$	638					$	192					$	830					$	841					$	300					$	1,141
Fair value of plan assets			$	602					$	153					$	755					$	816					$	257					$	1,073

Schedule of Net Benefit Costs

The following table presents the components of net periodic pension cost (income) (in millions):

			Twelve Months Ended December 31,
			2022						2021						2020
United States Plans
Service cost			$	5					$	5					$	5
Interest cost			23						22						28
Expected return on plan assets			(36)						(36)						(45)
Amortization of actuarial loss			11						12						12
Settlement/curtailment			—						—						—
Other			—						2						—
Net periodic pension cost			$	3					$	5					$	—
Non-United States Plans
Service cost			$	4					$	6					$	5
Interest cost			11						9						10
Expected return on plan assets			(16)						(18)						(17)
Amortization of actuarial loss			2						4						3
Settlement/curtailment			(1)						—						1
Other			—						—						—
Net periodic pension cost			$	—					$	1					$	2
Total
Service cost			$	9					$	11					$	10
Interest cost			34						31						38
Expected return on plan assets			(52)						(54)						(62)
Amortization of actuarial loss			13						16						15
Settlement/curtailment			(1)						—						1
Other			—						2						—
Net periodic pension cost			$	3					$	6					$	2

Schedule of Assumptions Used to Determine Net Benefit Cost

The following table presents weighted-average assumptions used to determine net periodic pension costs for the periods noted:

			Twelve Months Ended December 31,
			2022												2021												2020
United States Plans
Discount rate			2.85		%										2.50		%										3.30		%
Expected return on plan assets			4.75		%										4.75		%										6.50		%
Cash balance interest crediting rate			1.26		%										0.79		%										2.66		%
Rate of compensation increase			N/A						(a)						N/A						(a)						N/A						(a)
Non-United States Plans
Discount rate			2.35		%										1.73		%										2.24		%
Expected return on plan assets			3.93		%										4.08		%										4.66		%
Rate of compensation increase			3.31		%										3.00		%										3.99		%

 (a)    Not applicable due to changes in plan made on August 1, 2009 that were effective beginning January 1, 2010.

Schedule of Expected Benefit Payments

The following table shows estimated future benefit payments from the Company’s pension plans (in millions):

Year						Estimated Benefit Payments
2023						$	77
2024						$	75
2025						$	72
2026						$	74
2027						$	71
2028-2032						$	357

United States

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Allocation of Plan Assets

			December 31, 2022
Asset Category			Level 1						Level 2						Level 3						Total
Equities:
Domestic			$	39					$	—					$	—					$	39
Fixed income and cash equivalents:
Corporate bonds			26						230						—						256
Government debt			—						58						—						58
Total United States plan assets subject to leveling			$	65					$	288					$	—					353
Plan assets measured at NAV:
Equities																					95
Real assets																					25
Fixed income and cash equivalents																					87
Absolute return strategies																					42
Total United States plan assets																					$	602

Foreign Plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Allocation of Plan Assets

			December 31, 2022
Asset Category			Level 1						Level 2						Level 3						Total
Equities			$	—					$	1											$	1
Fixed income and cash equivalents:
Cash and cash equivalents			—						56												56
Fixed income			—						11												11
Total non-United States plan assets subject to leveling			$	—					$	68					$	—					68
Plan assets measured at NAV:
Equities																					22
Fixed income and cash equivalents																					127
Absolute return strategies and other																					85
Total non-United States plan assets																					$	302

			December 31, 2021
Asset Category			Level 1						Level 2						Level 3						Total
Equities			$	—					$	2					$	—					$	2
Fixed income and cash equivalents:
Cash and cash equivalents			—						72						—						72
Corporate bonds			—						10						—						10
Total non-United States plan assets subject to leveling			$	—					$	84					$	—					84
Plan assets measured at NAV:
Equities																					61
Fixed income and cash equivalents																					202
Absolute return strategies																					96
Total non-United States plan assets																					$	443

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