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FINANCING RECEIVABLES (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Schedule of Receivables
Current Receivables
As of
December 31, 2023December 31, 2022
Current customer receivables(1)
$3,339 $3,112 
Non-income based tax receivables166 174 
Other sundry receivables118 100 
Sundry receivables284 274 
Allowance for credit losses(98)(91)
Total current receivables – net$3,525 $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 $144 million and $157 million as of December 31, 2023 and 2022, respectively.
Long-Term Receivables
As of
December 31, 2023December 31, 2022
Long-term customer receivables$55 $80 
Sundry receivables73 68 
Non-income based tax receivables26 28 
Allowance for credit losses(1)
(30)(31)
Total long-term receivables – net(2)
$124 $145 
(1) Write-offs of long-term receivables were not material for the years ended December 31, 2023 and 2022.
(2) Long-term receivables are recognized within All other assets in the Consolidated and Combined Statements of Financial Position.
Financing Receivables
As of
December 31, 2023December 31, 2022
Loans, net of deferred income$29 $29 
Investment in financing leases, net of deferred income71 72 
Allowance for credit losses(3)(4)
Current financing receivables – net(1)
97 97 
Loans, net of deferred income37 44 
Investment in financing leases, net of deferred income146 158 
Allowance for credit losses(5)(6)
Non-current financing receivables – net(1)
$178 $196 
(1) Current financing receivables and non-current financing receivables are recognized within All other current assets and All other assets, respectively, in the Consolidated and Combined Statements of Financial Position.