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Receivables, net
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Receivables, net

4. Receivables, net

Receivables are recorded and carried at the original invoiced amount less an allowance for credit losses.

Activity in the allowance for credit losses was as follows (in millions):

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Allowance for credit losses

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

26

 

 

$

25

 

 

$

25

 

Additions (deductions) charged to expenses

 

 

(2

)

 

 

2

 

 

 

2

 

Charge-offs and other

 

 

(9

)

 

 

(1

)

 

 

(2

)

Ending balance

 

$

15

 

 

$

26

 

 

$

25