XML 53 R34.htm IDEA: XBRL DOCUMENT v3.24.0.1
SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 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 changes in our allowance for doubtful accounts for the years ended December 31, 2023 and 2022.
years ended December 31
(in millions)		202320222021
Balance at beginning of period$114 $122 $125 
Acquisition— — 13 
Charged to costs and expenses16 7 (2)
Write-offs(9)(7)(5)
Currency translation adjustments8 (8)(9)
Balance at end of period$129 $114 $122 
Inventories
Inventories
as of December 31 (in millions)
2023
2022
Raw materials$731 $698 
Work in process285 294 
Finished goods1,808 1,687 
Inventories$2,824 $2,679 
Prepaid Expenses and Other Current Assets
Prepaid Expenses and Other Current Assets
as of December 31 (in millions)20232022
Prepaid value added taxes$190 $188 
Prepaid income taxes211 185 
Contract assets53 52 
Assets held for sale— 50 
Derivative assets51 14 
Other387 368 
Prepaid expenses and other current assets$892 $857 
Property, Plant and Equipment, Net
Property, Plant and Equipment, Net
as of December 31 (in millions)20232022
Land and land improvements$149 $137 
Buildings and leasehold improvements1,791 1,757 
Machinery and equipment6,693 6,364 
Equipment on lease with customers1,640 1,613 
Construction in progress950 909 
Total property, plant and equipment, at cost11,223 10,780 
Accumulated depreciation(6,790)(6,085)
Property, plant and equipment, net$4,433 $4,695 
Other Non-Current Assets
Other Non-Current Assets
as of December 31 (in millions)20232022
Deferred tax assets$384 $280 
Non-current receivables, net67 89 
Contract assets113 122 
Capitalized implementation costs in hosting arrangements121 119 
Pension and other postretirement benefits129 123 
Investments194 247 
Other118 129 
Other non-current assets$1,126 $1,109 
Accrued Expenses and Other Current Liabilities
Accrued Expenses and Other Current Liabilities
as of December 31 (in millions)20232022
Common stock dividends payable$147 $146 
Employee compensation and withholdings636 409 
Property, payroll and certain other taxes147 161 
Contract liabilities148 154 
Restructuring liabilities110 100 
Accrued rebates263 257 
Operating lease liabilities128 120 
Income taxes payable268 91 
Pension and other postretirement benefits49 48 
Contingent payments related to acquisitions3 34 
Other695 650 
Accrued expenses and other current liabilities$2,594 $2,170 
Other Non-Current Liabilities
Other Non-Current Liabilities
as of December 31 (in millions)20232022
Pension and other postretirement benefits$919 $846 
Deferred tax liabilities447 661 
Long-term tax liabilities125 64 
Contingent payments related to acquisitions11 50 
Contract liabilities46 40 
Litigation and environmental reserves22 20 
Restructuring liabilities18 7 
Other149 160 
Other non-current liabilities$1,737 $1,848 
Interest Expense, net
Interest Expense, net
years ended December 31 (in millions)202320222021
Interest costs$527 $426 $217 
Interest costs capitalized(15)(11)(10)
Interest expense512 415 207 
Interest income(70)(20)(14)
Interest expense, net$442 $395 $193 
Other Expense, net
Other (Income) Expense, net
years ended December 31 (in millions)202320222021
Foreign exchange (gains) losses, net$52 $1 $17 
Change in fair value of marketable equity securities(7)(8)7 
Loss on debt extinguishment— — 5 
Pension settlement and curtailment (gains) losses1 (12)2 
Pension and other postretirement benefit (gains) losses(42)(26)8 
Reclassification of cumulative translation loss to earnings— 65 — 
Non-marketable investment impairments    52 — — 
Other, net(5)(8)2 
Other (income) expense, net$51 $12 $41 
Other Supplemental Information
Other Supplemental Information
year ended December 31 (in millions)202320222021
Interest paid, net of portion capitalized$484 $355 $145 
Income taxes paid$262 $273 $182