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Fair Value Measurements (Details) - USD ($) $ in Millions | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Assets: |  |  |
Investments |  | $ 16 | $ 19
Foreign Exchange Contracts |  | 28 | 2
Total Assets at Fair Value |  | 44 | 21
Liabilities: |  |  |
Foreign Exchange Contracts |  | 3 | 29
Total Liabilities at Fair Value |  | 3 | 29
Supplemental Fair Value Information |  |  |
Carrying amount — liability |  | 6,963 | 7,012
Notes Payable and Overdrafts (Note 15) |  | 558 | 344
Fixed Rate Debt, Excluding Capital Leases |  |  |
Supplemental Fair Value Information |  |  |
Carrying amount — liability | [1] | 5,367 | 5,720
Fair value — liability | [1] | 5,076 | 5,488
Notes Payable and Overdrafts (Note 15) |  | 241 | 111
Variable Rate Debt, Excluding Capital Leases |  |  |
Supplemental Fair Value Information |  |  |
Carrying amount — liability | [1] | 1,600 | 1,292
Fair value — liability | [1] | 1,590 | 1,286
Notes Payable and Overdrafts (Note 15) |  | 317 | 233
Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) |  |  |
Assets: |  |  |
Investments |  | 16 | 19
Foreign Exchange Contracts |  | 0 | 0
Total Assets at Fair Value |  | 16 | 19
Liabilities: |  |  |
Foreign Exchange Contracts |  | 0 | 0
Total Liabilities at Fair Value |  | 0 | 0
Supplemental Fair Value Information |  |  |
Fair value — liability |  | 4,921 | 5,301
Significant Other Observable Inputs (Level 2) |  |  |
Assets: |  |  |
Investments |  | 0 | 0
Foreign Exchange Contracts |  | 28 | 2
Total Assets at Fair Value |  | 28 | 2
Liabilities: |  |  |
Foreign Exchange Contracts |  | 3 | 29
Total Liabilities at Fair Value |  | 3 | 29
Significant Unobservable Inputs (Level 3) |  |  |
Assets: |  |  |
Investments |  | 0 | 0
Foreign Exchange Contracts |  | 0 | 0
Total Assets at Fair Value |  | 0 | 0
Liabilities: |  |  |
Foreign Exchange Contracts |  | 0 | 0
Total Liabilities at Fair Value |  | $ 0 | $ 0
[1] | Excludes Notes Payable and Overdrafts of $558 million and $344 million at December 31, 2024 and 2023, respectively, of which $241 million and $111 million, respectively, are at fixed rates and $317 million and $233 million, respectively, are at variable rates. The carrying value of Notes Payable and Overdrafts approximates fair value due to the short term nature of the facilities.

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