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SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2023 and 2022.
Three months ended
June 30,
Six months ended
June 30,
(in millions)2023202220232022
Balance at beginning of period$122 $129 $114 $122 
Charged to costs and expenses16 
Write-offs(5)(1)(6)(2)
Currency translation adjustments(6)(4)
Balance at end of period$128 $125 $128 $125 
Inventories Inventories
(in millions)June 30,
2023
December 31,
2022
Raw materials$742 $698 
Work in process316 294 
Finished goods1,839 1,687 
Inventories$2,897 $2,679 
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
(in millions)June 30,
2023
December 31,
2022
Property, plant and equipment, at cost$11,028 $10,780 
Accumulated depreciation(6,534)(6,085)
Property, plant and equipment, net$4,494 $4,695 
Interest Expense, Net Interest Expense, Net
Three months ended
June 30,
Six months ended
June 30,
(in millions)2023202220232022
Interest expense, net of capitalized interest$132 $93 $259 $181 
Interest income(8)(4)(18)(7)
Interest expense, net$124 $89 $241 $174 
Other Income, Net Other (Income) Expense, Net
Three months ended
June 30,
Six months ended
June 30,
(in millions)2023202220232022
Foreign exchange (gains) losses, net$22 $(15)$36 $(26)
Pension and other postretirement benefit plans(11)(7)(21)(12)
Pension curtailment— (11)— (11)
Change in fair value of marketable equity securities11 (8)(8)
Non-marketable investment impairments23 — 23 — 
Other, net(3)(3)(4)(3)
Other (income) expense, net$42 $(44)$40 $(60)