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LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Operating Lease Assets and Liabilities Our operating lease liabilities are recognized within All other current liabilities and All other liabilities in the Consolidated and Combined Statements of Financial Position, as detailed below.
Operating Lease Assets and Liabilities
As of
December 31, 2023December 31, 2022
Operating lease ROU assets$356 $313 
Current operating lease liabilities110 104 
Non-current operating lease liabilities273 243 
Total operating lease liabilities$383 $347 
Schedule of Lease Expense and Supplemental Information
Operating Lease Expense
For the years ended December 31
202320222021
Long-term (fixed)$121 $115 $114 
Long-term (variable)106 98 67 
Short-term2 4 4 
Total operating lease expense$229 $217 $185 
Supplemental Information Related to Operating Leases
For the years ended December 31
202320222021
Operating cash flows used for operating leases$130$113$128
Right-of-use assets obtained in exchange for new lease liabilities1549894
Weighted-average remaining lease term (in years)4.74.44.7
Weighted-average discount rate4.4 %3.8 %3.3 %
Schedule of Maturity of Lease Liabilities
Maturity of Lease Liabilities
20242025202620272028ThereafterTotal
Undiscounted lease payments$124 $100 $79 $48 $23 $52 $426 
Less: imputed interest43 
Total lease liability as of December 31, 2023
$383 
Schedule of Net Investment in Financing Leases
Net Investment in Financing Leases
As of
December 31, 2023December 31, 2022
Total minimum lease payments receivable$236 $248 
Less: deferred income(30)(30)
Discounted lease receivable206 218 
Estimated unguaranteed residual value of leased assets, net of deferred income11 12 
Investment in financing leases, net of deferred income$217 $230 
Schedule of Contractual Maturities
Contractual Maturities
Due In20242025202620272028ThereafterTotal
Net minimum lease payments receivable$80 $61 $41 $25 $15 $14 $236