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SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Allowance for Doubtful Accounts
Allowance for Doubtful Accounts
The following table is a summary of the changes in our allowance for doubtful accounts for the three months ended March 31, 2023 and 2022.
Three months ended
March 31,
(in millions)20232022
Balance at beginning of period$114 $122 
Charged to costs and expenses
Write-offs(1)(1)
Currency translation adjustments
Balance at end of period$122 $129 
Inventories Inventories
(in millions)March 31,
2023
December 31,
2022
Raw materials$812 $738 
Work in process316 293 
Finished goods1,794 1,687 
Inventories$2,922 $2,718 
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
(in millions)March 31,
2023
December 31,
2022
Property, plant and equipment, at cost$11,622 $11,421 
Accumulated depreciation(6,622)(6,442)
Property, plant and equipment, net$5,000 $4,979 
Interest Expense, Net Interest Expense, Net
Three months ended
March 31,
(in millions)20232022
Interest expense, net of capitalized interest$127 $88 
Interest income(10)(3)
Interest expense, net$117 $85 
Other (Income) Expense, Net Other Income, Net
Three months ended
March 31,
(in millions)20232022
Foreign exchange (gains) losses, net$14 $(11)
Pension and other postretirement benefit plans(10)(5)
Change in fair value of marketable equity securities(5)
Other, net— (1)
Other income, net$(1)$(16)