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REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Summary of variable consideration provisions
The following tables present the activity and ending balances of the Company’s variable consideration provisions for the six months ended June 30, 2024 and 2023.
Six Months Ended June 30, 2024
(in millions)Discounts
and
Allowances		ReturnsRebatesChargebacksDistribution
Fees		Total
Reserve balances, January 1, 2024$191 $380 $1,108 $216 $44 $1,939 
Current period provisions325 89 1,802 1,002 147 3,365 
Payments and credits(339)(79)(1,607)(1,039)(108)(3,172)
Reserve balances, June 30, 2024
$177 $390 $1,303 $179 $83 $2,132 
Included in Rebates in the table above are cooperative advertising credits due to customers of approximately $43 million and $39 million as of June 30, 2024 and January 1, 2024, respectively, which are reflected as a reduction of Trade receivables, net in the Condensed Consolidated Balance Sheets. There were no price appreciation credits during the six months ended June 30, 2024.
Six Months Ended June 30, 2023
(in millions)Discounts
and
Allowances		ReturnsRebatesChargebacksDistribution
Fees		Total
Reserve balances, January 1, 2023$188 $427 $1,023 $196 $76 $1,910 
Current period provisions297 79 1,364 989 123 2,852 
Payments and credits(315)(103)(1,372)(1,004)(110)(2,904)
Reserve balances, June 30, 2023
$170 $403 $1,015 $181 $89 $1,858 
Summary of activity in allowance for credit losses The activity in the allowance for credit losses for trade receivables for the six months ended June 30, 2024 and 2023 is as follows.
(in millions)20242023
Balance, beginning of period$34 $33 
Provision for expected credit losses3 2 
Write-offs charged against the allowance(1)(2)
Recoveries of amounts previously written off— 3 
Foreign exchange and other(2)(3)
Balance, end of period$34 $33