Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Significant Other Observable Inputs	December 31, 2024		December 31, 2023
(In millions)	Level 21		Level 21
Assets at fair value:
Marketable securities	$	63	$	98
Debt securities:
Foreign government bonds2	97		—
Derivatives relating to:3
Foreign currency	71		83
Commodity Contracts	20		5
Total assets at fair value	$	251	$	186
Liabilities at fair value:
Derivatives relating to:3
Foreign currency	$	104	$	61
Commodity contracts	7		14
Total liabilities at fair value	$	111	$	75

1.Reflects significant other observable inputs.

2.Represents the company's investments in debt securities that are classified as available-for-sale, which are included in the Consolidated Balance Sheets.

3.See Note 20 - Financial Instruments, to the Consolidated Financial Statements, for the classification of derivatives in the Consolidated Balance Sheets.