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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Property | The following table summarizes our property at December 31, 2024 and 2023:
Millions of dollars |  | 2024 |  | 2023 |  | Estimated Useful Life
Land |  | $ | 36 |  |  | $ | 29 |  |  | n/a
Buildings |  | 981 |  |  | 893 |  |  | 10 to 50 years
Machinery and equipment |  | 6,673 |  |  | 6,571 |  |  | 3 to 20 years
Accumulated depreciation |  | (5,414) |  |  | (5,259) |  |  |
Property plant and equipment, net |  | $ | 2,275 |  |  | $ | 2,234 |  |  |
Schedule of Supplier Finance Program | The following table summarizes the changes in outstanding obligations for the periods presented:
Millions of dollars | Outstanding Obligations
Confirmed obligations outstanding as of December 31, 2023 | $ | 843 |
Invoices confirmed during the period | 2,452 |
Confirmed invoices paid during the period | (2,431) |
Impact of foreign currency | (70) |
Confirmed obligations outstanding as of December 31, 2024 | $ | 794 |
Schedule of Equity Method Investments | The following table summarizes the amounts related to the Company's primary equity method investments during the periods presented.
Millions of dollars |  | December 31, 2024 | December 31, 2023
| Percentage Ownership |  | Carrying Amount | Percentage Ownership |  | Carrying Amount
Beko Europe B.V. |  | 25 | % |  | $ | 74 |  | N/A |  | N/A
Whirlpool China |  | 20 | % |  | $ | 191 |  | 20 | % |  | $ | 187 |
The following table summarizes the amounts recorded related to the Company's primary equity method investments during the periods presented.
Millions of dollars | Twelve Months Ended December 31,
2024 |  | 2023
Accounts Payable | $ | 101 |  |  | $ | 91 |
Purchases | $ | 261 |  |  | $ | 303 |

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