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SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
6 Months Ended
Jun. 30, 2025
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, 2025 and 2024.
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Balance at beginning of period$66 $56 $71 $62 
Charged to costs and expenses— — 
Write-offs(1)— (3)(3)
Currency translation adjustments10 
Balance at end of period$71 $67 $71 $67 
Inventories
Inventories
(in millions)June 30,
2025
December 31,
2024
Raw materials$587 $510 
Work in process303 266 
Finished goods1,494 1,270 
Inventories$2,384 $2,046 
Property, Plant and Equipment, Net
Property, Plant and Equipment, Net
(in millions)June 30,
2025
December 31,
2024
Property, plant and equipment, at cost$7,688 $7,648 
Accumulated depreciation(4,886)(4,778)
Property, plant and equipment, net$2,802 $2,870 
Interest Expense, Net
Interest Expense, Net
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Interest expense, net of capitalized interest$72 $104 $153 $207 
Interest income(14)(18)(31)(43)
Interest expense, net$58 $86 $122 $164 
Other (Income) Expense-, Net
Other (Income) Expense, Net
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Foreign exchange losses, net$12 $— $12 14 
Pension and other postretirement benefit plans(11)(12)(22)(25)
Change in fair value of marketable equity securities(2)— (1)(3)
Equity method investment impairment— — — 
Other, net(12)(1)(19)
Other (income) expense, net$— $(24)$(3)$(33)