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Receivables
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Receivables Receivables
20242023
Accounts receivable$1,060 $1,122 
Less: allowance for credit losses(30)(29)
Net trade receivables1,030 1,093 
Unbilled receivables316 338 
Miscellaneous receivables310 288 
$1,656 $1,719 
The Company uses receivables securitization and factoring facilities in the normal course of business as part of managing its cash flows. The Company accounts for transfers under these facilities as either sales or secured borrowings based on whether it has transferred control over the factored receivables. The Company’s continuing involvement in factored receivables accounted for as sales is limited to servicing the receivables. The Company receives adequate compensation for servicing the receivables and no servicing asset or liability is recorded.
As of December 31, 2024 and 2023, the Company derecognized receivables of $1,119 and $1,104 related to securitization and factoring facilities accounted for as sales. The Company also has $50 of factored receivables accounted for as secured borrowings as of December 31, 2024. The Company recorded expenses of $76, $82, and $41 for the years ended December 31, 2024, 2023, and 2022 as interest expense.