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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
NET INCOME (LOSS) $ 49 $ (59) $ 146 $ (33)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES        
Amortization of pension and postretirement loss (less taxes of $0, $0, $0 and $0) 0 0 0 (1)
Change in cumulative foreign currency translation adjustment 45 (21) 86 78
Net gains/losses on cash flow hedging derivatives:        
Net gains (losses) arising during the period (less taxes of $9, $1, $9 and $13) 22 4 18 33
Reclassification adjustment for (gains) losses included in net earnings (less taxes of $4, $2, $6 and $5) (10) (4) (14) (10)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES 57 (21) 90 100
COMPREHENSIVE INCOME (LOSS) $ 106 $ (80) $ 236 $ 67