Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on Recurring Basis

	September 30, 2023		December 31, 2022		September 30, 2022
(In millions)	Level 21		Level 21		Level 21
Assets at fair value:
Marketable securities	$	108	$	124	$	119
Derivatives relating to:2
Foreign currency	52		92		213
Commodity contracts	1		4		3
Total assets at fair value	$	161	$	220	$	335
Liabilities at fair value:
Derivatives relating to:2
Foreign currency	94		67		63
Commodity contracts	6		3		2
Total liabilities at fair value	$	100	$	70	$	65

1.Reflects significant other observable inputs.

2.See Note 16 - Financial Instruments for the classification of derivatives in the interim Consolidated Balance Sheets.