Organization, Description of Business and Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accounts Receivable Securitization and Factoring Programs

Information related to the trade receivables sold was as follows:

	Three Months Ended March 31,
(In millions)	2020		2019
Securitization programs
Receivables sold in period	$	691	$	323
Cash consideration	691		260
Deferred purchase price	—		63
Factoring programs
Receivables sold in period	264		184
Cash consideration	263		183

Summary of Carrying Value and Valuation of Financial Instruments Within the Fair-Value Hierarchy

The fair value hierarchy of cash equivalents was as follows:

(In millions)	Carrying Value		Fair Value		Level 1		Level 2
March 31, 2020	$	733	$	733	$	733	$	—
December 31, 2019	144		144		127		17

The fair value of our debt and classification in the fair value hierarchy was as follows:

(In millions)	Fair Value		Level 1		Level 2
March 31, 2020	$	6,052	$	2,981	$	3,071
December 31, 2019	5,580		3,190		2,390