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SUPPLEMENTAL FINANCIAL INFORMATION
6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL FINANCIAL INFORMATION SUPPLEMENTAL FINANCIAL INFORMATION
Allowance for Doubtful Accounts
The following table is a summary of the changes in our allowance for doubtful accounts for the three and six months ended June 30, 2022 and 2021.
Three months ended
June 30,
Six months ended
June 30,
(in millions)2022202120222021
Balance at beginning of period$129 $120 $122 $125 
Charged to costs and expenses(4)(3)
Write-offs(1)(1)(2)(1)
Currency translation adjustments(6)(4)(4)
Balance at end of period$125 $117 $125 $117 
Inventories
(in millions)June 30,
2022
December 31,
2021
Raw materials$678 $591 
Work in process317 300 
Finished goods1,668 1,562 
Inventories$2,663 $2,453 
Property, Plant and Equipment, Net
(in millions)June 30,
2022
December 31,
2021
Property, plant and equipment, at cost$11,504 $11,728 
Accumulated depreciation(6,528)(6,550)
Property, plant and equipment, net$4,976 $5,178 
Interest Expense, Net
Three months ended
June 30,
Six months ended
June 30,
(in millions)2022202120222021
Interest expense, net of capitalized interest$93 $37 $181 $74 
Interest income(4)(3)(7)(6)
Interest expense, net$89 $34 $174 $68 
Other (Income) Expense, Net
Three months ended
June 30,
Six months ended
June 30,
(in millions)2022202120222021
Foreign exchange (gains) losses, net$(15)$$(26)$
Pension and other postretirement benefit plans(7)(12)
Pension curtailment(11)— (11)— 
Change in fair value of marketable equity securities(8)(9)(8)(7)
Other, net(3)(4)(3)(2)
Other (income) expense, net$(44)$(2)$(60)$
Non-Cash Operating and Investing Activities
Right-of-use operating lease assets obtained in exchange for lease obligations for the six months ended June 30, 2022 and 2021 were $23 million and $21 million, respectively.
Purchases of property, plant and equipment included in accounts payable as of June 30, 2022 and 2021 were $66 million and $70 million, respectively.
Unsettled share repurchases included in accrued expenses and other current liabilities as of June 30, 2022 and 2021 were $8 million and $35 million