SUPPLEMENTAL FINANCIAL INFORMATION

9 Months Ended

Sep. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

SUPPLEMENTAL FINANCIAL INFORMATION

Interest Expense, Net

	Three months ended September 30,				Nine months ended September 30,
(in millions)	2020		2019		2020		2019
Interest expense, net of capitalized interest	$	42	$	28	$	112	$	81
Interest income	(3)		(15)		(16)		(30)
Interest expense, net	$	39	$	13	$	96	$	51

Other (Income) Expense, Net

	Three months ended September 30,				Nine months ended September 30,
(in millions)	2020		2019		2020		2019
Foreign exchange losses, net	$	23	$	30	$	44	$	44
Pension and other postretirement benefit plans	—		(17)		(2)		(48)
Other, net	(7)		(4)		(10)		(4)
Other (income) expense, net	$	16	$	9	$	32	$	(8)

Inventories

(in millions)	September 30, 2020		December 31, 2019
Raw materials	$	462	$	377
Work in process	205		185
Finished goods	1,321		1,091
Inventories	$	1,988	$	1,653

Property, Plant and Equipment, Net

(in millions)	September 30, 2020		December 31, 2019
Property, plant and equipment, at cost	$	10,990	$	10,660
Accumulated depreciation	(6,530)		(6,148)
Property, plant and equipment, net	$	4,460	$	4,512

Non-Cash Operating and Investing Activities

Right-of-use operating lease assets obtained in exchange for lease obligations for the nine months ended September 30, 2020 and 2019 were $42 million and $164 million, respectively. Right-of-use finance lease assets obtained in exchange for lease obligations for the nine months ended September 30, 2020 were $7 million. As of September 30,

2020, we have entered into lease agreements with aggregate future lease payments of approximately $45 million for facilities that have not yet commenced.

Purchases of property, plant and equipment included in accounts payable and accrued liabilities as of September 30, 2020 and 2019 was $48 million and $47 million, respectively.