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SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023.
years ended December 31
(in millions)		202420232022
Balance at beginning of period$62 $50 $52 
Charged to costs and expenses7 7 3 
Write-offs(8)(4)(3)
Currency translation adjustments10 9 (2)
Balance at end of period$71 $62 $50 
Inventories
Inventories
as of December 31 (in millions)
2024
2023
Raw materials$510 $530 
Work in process266 234 
Finished goods1,270 1,154 
Inventories$2,046 $1,918 
Prepaid Expenses and Other Current Assets
Prepaid Expenses and Other Current Assets
as of December 31 (in millions)20242023
Prepaid value added taxes$167 $118 
Prepaid income taxes199 204 
Spare parts123 141 
Contract assets51 53 
Derivative assets8 45 
Other205 145 
Prepaid expenses and other current assets$753 $706 
Property, Plant and Equipment, Net
Property, Plant and Equipment, Net
as of December 31 (in millions)20242023
Land and land improvements$115 $119 
Buildings and leasehold improvements1,301 1,238 
Machinery and equipment5,047 4,909 
Equipment on lease with customers467 760 
Construction in progress718 624 
Total property, plant and equipment, at cost7,648 7,650 
Accumulated depreciation(4,778)(4,779)
Property, plant and equipment, net$2,870 $2,871 
Other Non-Current Assets
Other Non-Current Assets
as of December 31 (in millions)20242023
Deferred tax assets$204 $263 
Non-current receivables, net50 42 
Contract assets82 112 
Capitalized implementation costs in hosting arrangements102 103 
Pension and other postretirement benefits56 46 
Investments109 136 
Other152 107 
Other non-current assets$755 $809 
Accrued Expenses and Other Current Liabilities
Accrued Expenses and Other Current Liabilities
as of December 31 (in millions)20242023
Common stock dividends payable$87 $147 
Employee compensation and withholdings447 477 
Property, payroll and certain other taxes96 92 
Contract liabilities131 128 
Restructuring liabilities112 81 
Accrued rebates214 240 
Operating lease liabilities80 92 
Income taxes payable121 78 
Pension and other postretirement benefits39 37 
Contingent payments related to acquisitions— 3 
Other534 540 
Accrued expenses and other current liabilities$1,861 $1,915 
Other Non-Current Liabilities
Other Non-Current Liabilities
as of December 31 (in millions)20242023
Pension and other postretirement benefits$678 $714 
Deferred tax liabilities103 403 
Long-term tax liabilities94 72 
Contingent payments related to acquisitions11 11 
Contract liabilities40 41 
Litigation and environmental reserves29 19 
Restructuring liabilities10 14 
Other111 126 
Other non-current liabilities$1,076 $1,400 
Interest Expense, net
Interest Expense, net
years ended December 31 (in millions)202420232022
Interest costs$421 $523 $423 
Interest costs capitalized(13)(15)(10)
Interest expense408 508 413 
Interest income(67)(69)(19)
Interest expense, net$341 $439 $394 
Other Expense, net
Other (Income) Expense, net
years ended December 31 (in millions)202420232022
Foreign exchange (gains) losses, net$25 $53 $(3)
Change in fair value of marketable equity securities(3)(7)(11)
Pension settlement and curtailment (gains) losses— — (12)
Pension and other postretirement benefit (gains) losses(39)(48)(30)
Reclassification of cumulative translation loss to earnings— — 65 
Non-marketable investment impairments    — 34 — 
Other, net(21)(6)— 
Other (income) expense, net$(38)$26 $9 
Other Supplemental Information
Other Supplemental Information
year ended December 31 (in millions)202420232022
Interest paid, net of portion capitalized$401 $484 $355 
Income taxes paid$223 $174 $168