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DISCONTINUED OPERATIONS (Tables)
 9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Results of Discontinued Operations and Assets and Liabilities of Discontinued Operations
The following table summarizes the major classes of line items included in income from discontinued operations, net of tax, for the three and nine months ended September 30, 2023 and 2022:
Three months ended
September 30,		Nine months ended
September 30,
(in millions)2023202220232022
Net sales$191 $164 $469 $465 
Cost of sales81 76 216 209 
Gross margin110 88 253 256 
Selling, general and administrative expenses15 6 44 17 
Research and development expenses1 1 2 2 
Other (income) expense, net2 2 2 2 
Income from discontinued operations before gain on disposition and income taxes92 79 205 235 
Gain on disposition2,890 — 2,890 — 
Income tax expense522 22 536 43 
Income from discontinued operations, net of tax$2,460 $57 $2,559 $192 
The following table summarizes the carrying amounts of the major classes of assets and liabilities classified as discontinued operations in the condensed consolidated balance sheets as of December 31, 2022:
(in millions)December 31,
2022
Accounts receivable, net of allowances$88 
Inventories39 
Prepaid expenses and other current assets59 
Property, plant and equipment, net284 
Goodwill391 
Operating lease right-of-use assets9 
Other non-current assets2 
Assets of discontinued operations$872 
Accounts payable$29 
Accrued expenses and other current liabilities32 
Operating lease liabilities9 
Other non-current liabilities111 
Liabilities of discontinued operations$181