FINANCING RECEIVABLES (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Receivables

Current Receivables
	As of
	March 31, 2024		December 31, 2023
Current customer receivables(1)	$	3,148	$	3,339
Non-income based tax receivables	151		166
Other sundry receivables	127		118
Current sundry receivables	278		284
Allowance for credit losses	(102)		(98)
Total current receivables – net	$	3,324	$	3,525

(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 $136 million and $144 million as of March 31, 2024 and December 31, 2023, respectively.

Long-Term Receivables
	As of
	March 31, 2024		December 31, 2023
Long-term customer receivables	$	57	$	55
Non-income based tax receivables	25		26
Other sundry receivables	78		73
Long-term sundry receivables	102		99
Allowance for credit losses	(30)		(30)
Total long-term receivables – net(1)	$	130	$	124

(1) Long-term receivables are recognized within All other non-current assets in the Condensed Consolidated Statements of Financial Position.

Financing Receivables
	As of
	March 31, 2024		December 31, 2023
Loans, net of deferred income	$	29	$	29
Investment in financing leases, net of deferred income	71		71
Allowance for credit losses	(3)		(3)
Current financing receivables – net(1)	96		97
Loans, net of deferred income	36		37
Investment in financing leases, net of deferred income	149		146
Allowance for credit losses	(5)		(5)
Non-current financing receivables – net(1)	$	181	$	178

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