XML 34 R19.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Accounts and Notes Receivable, Net
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Accounts and Notes Receivable, Net ACCOUNTS AND NOTES RECEIVABLE, NET
Trade accounts receivable are stated at the amount we expect to collect. We maintain allowances for doubtful accounts for estimated losses by applying historical loss percentages, combined with reasonable and supportable forecasts of future losses, to respective aging categories. Management considers the following factors in developing its current estimate of expected credit losses: customer credit-worthiness; past transaction history with the customer; current economic industry trends; changes in market or regulatory matters; changes in geopolitical matters; and changes in customer payment terms, as well as other macroeconomic factors.
March 31, 2024December 31, 2023
Accounts receivable - trade, net (1)
$1,035 $1,043 
Notes receivable74 79 
Other (2)
133 138 
Total$1,242 $1,260 
(1)    Allowance for doubtful accounts was $24 million and $25 million at March 31, 2024 and December 31, 2023, respectively.
(2)    Includes $32 million and $36 million at March 31, 2024 and December 31, 2023, respectively, of insurance recoveries related to an operational matter discussed further in Note 5.
Bad debt expense of $1 million and $4 million was included within selling, general and administrative expenses for the three months ended March 31, 2024 and 2023, respectively, and benefits of $1 million related to sanctions imposed on Russia in response to the conflict with Ukraine was included in other operating charges for the three months ended March 31, 2023.