SHORT-TERM BORROWINGS, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES AND OTHER OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings and Capital Lease Obligations

The following tables summarize the Company's short-term borrowings, long-term debt and finance lease obligations:

Short-Term Borrowings	December 31, 2024		December 31, 2023
(In millions)
Long-term debt due within one year 1	$	1,848	$	—

1.Presented net of current portion of unamortized debt issuance costs.

Schedule of Long-Term Debt Instruments

Long-Term Debt	December 31, 2024				December 31, 2023
In millions	Amount		Weighted Average Rate		Amount		Weighted Average Rate
Promissory notes and debentures 1:
Final maturity 2025	$	1,850	4.49	%	$	1,850	4.49	%
Final maturity 2028	2,250		4.73	%	2,250		4.73	%
Final maturity 2030 and thereafter 2	3,102		5.47	%	3,741		5.46	%
Other facilities:
Finance lease obligations	9				10
Less: Unamortized debt discount and issuance costs	40				51
Less: Long-term debt due within one year	1,848				—
Total	$	5,323			$	7,800

1.Represents senior unsecured notes (the "2018 Senior Notes"), which are senior unsecured obligations of the Company.

2.Includes an unamortized basis adjustment of $48 million related to the dedesignation of the Company's interest rate swap agreements and a fair value hedging adjustment of $59 million, related to the Company's interest rate swap agreements at December 31, 2024 and 2023, respectively. See Note 21 for additional information.

Schedule of Maturities of Long-Term Debt

Principal payments of long-term debt for the five succeeding fiscal years are as follows:

Maturities of Long-Term Debt for Next Five Years at December 31, 2024	Total
In millions
2025	$	1,850
2026	$	—
2027	$	—
2028	$	2,250
2029	$	—

Schedule of Line of Credit Facilities

The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at December 31, 2024
In millions	Effective Date	Committed Credit		Credit Available		Maturity Date	Interest
Five-Year Revolving Credit Facility	April 2022	$	2,500	$	2,484	April 2027	Floating Rate
2024 $1B Revolving Credit Facility	May 2024	1,000		1,000		May 2025	Floating Rate
Total Committed and Available Credit Facilities		$	3,500	$	3,484

Schedule of Supplier Finance Program

The following table summarizes the outstanding obligations confirmed as valid under the supplier financing programs for the year ended December 31, 2024:

Supplier Financing Program Activity	Amount
In millions
Confirmed obligations outstanding as of January 1, 2024	$	97
Invoices confirmed to financial institutions	421
Confirmed invoices paid to financial institution	(413)
Foreign currency exchange impact	(1)
Confirmed obligations outstanding as of December 31, 2024	$	104