FINANCING RECEIVABLES (Tables)

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

Schedule of Receivables

Current Receivables
	As of
	September 30, 2023		December 31, 2022
Current customer receivables(1)	$	3,189	$	3,112
Non-income based tax receivables	165		174
Other sundry receivables	110		100
Sundry receivables	275		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, 2023		December 31, 2022
Long-term customer receivables	$	59	$	80
Sundry receivables	79		57
Non-income based tax receivables	26		28
Supplier advances	9		11
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.

Financing Receivables
	As of
	September 30, 2023		December 31, 2022
Loans, net of deferred income	$	28	$	29
Investment in financing leases, net of deferred income	72		72
Allowance for credit losses	(3)		(4)
Current financing receivables – net(1)	97		97
Loans, net of deferred income	38		44
Investment in financing leases, net of deferred income	156		158
Allowance for credit losses	(4)		(6)
Non-current financing receivables – net(1)	$	190	$	196

(1) Current financing receivables and non-current financing receivables are recognized within All other current assets and All other assets, respectively, in the Condensed Consolidated and Combined Statements of Financial Position.