XML 21 R11.htm IDEA: XBRL DOCUMENT v3.22.2.2
SUPPLEMENTAL FINANCIAL INFORMATION
 9 Months Ended
Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL FINANCIAL INFORMATION SUPPLEMENTAL FINANCIAL INFORMATION
Allowance for Doubtful Accounts
The following table is a summary of the changes in our allowance for doubtful accounts for the three and nine months ended September 30, 2022 and 2021.
Three months ended
September 30,		Nine months ended
September 30,
(in millions)2022202120222021
Balance at beginning of period$125 $117 $122 $125 
Charged to costs and expenses2 2 11 (1)
Write-offs(2)(2)(4)(3)
Currency translation adjustments(5)(2)(9)(6)
Balance at end of period$120 $115 $120 $115 
Inventories
(in millions)September 30,
2022		December 31,
2021
Raw materials$690 $591 
Work in process305 300 
Finished goods1,680 1,562 
Inventories$2,675 $2,453 
Property, Plant and Equipment, Net
(in millions)September 30,
2022		December 31,
2021
Property, plant and equipment, at cost$11,084 $11,728 
Accumulated depreciation(6,285)(6,550)
Property, plant and equipment, net$4,799 $5,178 
In September 2022, we signed a purchase agreement with a buyer to sell our corporate headquarters in Deerfield, Illinois for $52 million. The related assets are classified as held-for-sale and are presented within prepaid expenses and other current assets in the accompanying consolidated balance sheet as of September 30, 2022. While the closing remains subject to the satisfaction of various closing conditions (including satisfactory completion of municipal diligence by the buyer), we expect the transaction to close in 2023 and the net book value of the assets approximates the transaction price net of estimated selling costs.
Interest Expense, Net
Three months ended
September 30,		Nine months ended
September 30,
(in millions)2022202120222021
Interest expense, net of capitalized interest$109 $54 $290 $128 
Interest income(5)(4)(12)(10)
Interest expense, net$104 $50 $278 $118 
Other (Income) Expense, Net
Three months ended
September 30,		Nine months ended
September 30,
(in millions)2022202120222021
Foreign exchange (gains) losses, net$— $— $(26)$5 
Pension and other postretirement benefit plans(5)4 (17)11 
Pension curtailment— — (11)— 
Change in fair value of marketable equity securities3 9 (5)2 
Reclassification of cumulative translation loss to earnings65 — 65 — 
Other, net— (1)(3)(3)
Other (income) expense, net$63 $12 $3 $15 
We have been winding down our operations in Argentina since early 2021 and we determined that the net assets of the related entities were substantially liquidated during the third quarter of 2022. As a result of that determination, we reclassified their $65 million cumulative translation loss from accumulated other comprehensive income (loss) to other (income) expense, net.
Non-Cash Operating and Investing Activities
Right-of-use operating lease assets obtained in exchange for lease obligations for the nine months ended September 30, 2022 and 2021 were $59 million and $69 million, respectively.
Purchases of property, plant and equipment included in accounts payable as of September 30, 2022 and 2021 were $65 million and $49 million, respectively.