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FINANCING RECEIVABLES (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Receivables
Current Receivables
As of
December 31, 2024December 31, 2023
Current customer receivables(1)
$3,382 $3,339 
Non-income based tax receivables155 166 
Other sundry receivables131 118 
Current sundry receivables
286 284 
Allowance for credit losses(103)(98)
Total current receivables – net$3,564 $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 $153 million and $144 million as of December 31, 2024 and 2023, respectively.
Long-Term Receivables
As of
December 31, 2024December 31, 2023
Long-term customer receivables$59 $55 
Non-income based tax receivables20 26 
Other sundry receivables
68 73 
Long-term sundry receivables
88 99 
Allowance for credit losses(1)
(5)(30)
Total long-term receivables – net(2)
$142 $124 
(1) For the year ended December 31, 2024, the decrease in the Allowance for credit losses is driven by a $25 million write-off of a long-term receivable that was fully reserved as of December 31, 2023. Write-offs of long-term receivables were not material for the year ended December 31, 2023.
(2) Long-term receivables are recognized within All other non-current assets in the Consolidated Statements of Financial Position.
Current and Non-current Financing Receivables
As of
December 31, 2024December 31, 2023
Loans receivable, at amortized cost
$23 $29 
Investment in finance leases, net of deferred income
69 71 
Allowance for credit losses(2)(3)
Current financing receivables – net(1)
90 97 
Loans receivable, at amortized cost
35 37 
Investment in finance leases, net of deferred income
152 146 
Allowance for credit losses(4)(5)
Non-current financing receivables – net(1)
$183 $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 Consolidated Statements of Financial Position.