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SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
6 Months Ended
Jun. 30, 2024
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, 2024 and 2023.
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2024202320242023
Balance at beginning of period$121 $122 $129 $114 
Charged to costs and expenses16 
Write-offs(1)(5)(7)(6)
Currency translation adjustments— (1)
Balance at end of period$123 $128 $123 $128 
Inventories
Inventories
(in millions)June 30,
2024
December 31,
2023
Raw materials$750 $731 
Work in process308 285 
Finished goods1,927 1,808 
Inventories$2,985 $2,824 
Property, Plant and Equipment, Net
Property, Plant and Equipment, Net
(in millions)June 30,
2024
December 31,
2023
Property, plant and equipment, at cost$10,774 $11,223 
Accumulated depreciation(6,460)(6,790)
Property, plant and equipment, net$4,314 $4,433 
Interest Expense, Net
Interest Expense, Net
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2024202320242023
Interest expense, net of capitalized interest$104 $132 $207 $259 
Interest income(19)(8)(44)(18)
Interest expense, net$85 $124 $163 $241 
Other (Income) Expense-, Net
Other (Income) Expense, Net
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2024202320242023
Foreign exchange losses, net$— $22 $14 36 
Pension and other postretirement benefit plans(10)(11)(22)(21)
Change in fair value of marketable equity securities— 11 (4)
Non-marketable investment impairments— 23 — 23 
Other, net(10)(3)(15)(4)
Other (income) expense, net$(20)$42 $(27)$40