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

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
(In millions)	2020		2019		2020		2019
Securitization programs
Receivables sold in period	$	598	$	338	$	1,289	$	661
Cash consideration	598		269		1,289		529
Deferred purchase price	—		69		—		132
Factoring programs
Receivables sold in period	$	199	$	235	$	463	$	419
Cash consideration	199		234		462		417

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
June 30, 2020	$	1,900	$	1,900	$	1,900	$	—
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
June 30, 2020	$	7,421	$	4,354	$	3,067
December 31, 2019	5,580		3,190		2,390