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v3.24.0.1

NOTES PAYABLE AND DEBT - Debt Outstanding (Details) | Dec. 31, 2023 USD ($) | Sep. 30, 2023 | Dec. 31, 2022 USD ($) | Jun. 04, 2021 EUR (€) | May 19, 2021 EUR (€) | Jun. 19, 2020 USD ($)
--- | --- | --- | --- | --- | --- | ---
Long-term debt |  |  |  |  |  |
Total long-term debt | $ 3,710,000,000 |  | $ 4,142,000,000 |  |  |
Less: current portion | 3,000,000 |  | 2,000,000 |  |  |
Long-term debt, net of current portion | 3,707,000,000 |  | 4,140,000,000 |  |  |
Notes fair value step-up | 24,000,000 |  | 65,000,000 |  |  |
Senior Notes |  |  |  |  |  |
Long-term debt |  |  |  |  |  |
Debt instrument face value |  |  |  |  |  | $ 1,100,000,000
Short-term borrowings |  |  |  |  |  |
Short-term debt |  |  |  |  |  |
Short-term borrowings | 70,000,000 |  | 58,000,000 |  |  |
3.375% Senior notes due 03/15/25 ($384 million par value) | Senior Notes |  |  |  |  |  |
Long-term debt |  |  |  |  |  |
Long-term Debt | 384,000,000 |  | 499,000,000 |  |  |
Debt instrument stated interest rate |  | 3.375% |  |  |  |
Debt instrument face value | 384,000,000 |  |  |  |  |
5.000% Senior notes due 10/01/25 ($453 million par value)1 | Senior Notes |  |  |  |  |  |
Long-term debt |  |  |  |  |  |
Long-term Debt | 477,000,000 |  | 840,000,000 |  |  |
Debt instrument stated interest rate |  | 5.00% |  |  |  |
Debt instrument face value | 453,000,000 |  |  |  |  |
2.650% Senior notes due 07/01/27 ($1,100 million par value) | Senior Notes |  |  |  |  |  |
Long-term debt |  |  |  |  |  |
Long-term Debt | 1,093,000,000 |  | 1,092,000,000 |  |  |
Debt instrument stated interest rate |  |  |  |  |  | 2.65%
7.125% Senior notes due 02/15/29 ($121 million par value) | Senior Notes |  |  |  |  |  |
Long-term debt |  |  |  |  |  |
Long-term Debt | $ 120,000,000 |  | 120,000,000 |  |  |
Debt instrument stated interest rate | 7.125% |  |  |  |  |
Debt instrument face value | $ 121,000,000 |  |  |  |  |
1.000% Senior notes due 05/19/31 (€1,000 million par value) | Senior Notes |  |  |  |  |  |
Long-term debt |  |  |  |  |  |
Long-term Debt | 1,088,000,000 |  | 1,051,000,000 |  |  |
Debt instrument stated interest rate |  |  |  | 1.00% | 1.00% |
Debt instrument face value | € |  |  |  | € 1,000,000,000 | € 1,000,000,000 |
4.375% Senior notes due 03/15/45 ($500 million par value) | Senior Notes |  |  |  |  |  |
Long-term debt |  |  |  |  |  |
Long-term Debt | $ 495,000,000 |  | 495,000,000 |  |  |
Debt instrument stated interest rate | 4.375% |  |  |  |  |
Debt instrument face value | $ 500,000,000 |  |  |  |  |
Term loan facilities, finance leases and other | Term Loan |  |  |  |  |  |
Long-term debt |  |  |  |  |  |
Long-term Debt | $ 53,000,000 |  | $ 45,000,000 |  |  |

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