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RECEIVABLES
9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
RECEIVABLES RECEIVABLES
Current Receivables
As of
September 30, 2023December 31, 2022
Current customer receivables(1)
$3,189 $3,112 
Non-income based tax receivables165 174 
Other sundry receivables110 100 
Sundry receivables275 274 
Allowance for credit losses(91)(91)
Total current receivables – net$3,373 $3,295 
(1) Chargebacks, which are primarily related to our PDx business, are generally settled through issuance of credits, typically within one month of initial recognition, and are recorded as a reduction to current customer receivables. Balances related to chargebacks were $148 million and $157 million as of September 30, 2023 and December 31, 2022, respectively.
Long-Term Receivables
As of
September 30, 2023December 31, 2022
Long-term customer receivables$59 $80 
Sundry receivables79 57 
Non-income based tax receivables26 28 
Supplier advances11 
Allowance for credit losses(30)(31)
Total long-term receivables – net(1)
$143 $145 
(1) Long-term receivables are recognized within All other assets in the Condensed Consolidated and Combined Statements of Financial Position.