Other Financial Data (Tables)

9 Months Ended

Sep. 30, 2024

Other Financial Data [Abstract]

Schedule of Other Income (Expense)

Other income (expense) consists of the following (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Gain from sales of businesses	$	76	$	—	$	333	$	—
Equity earnings	2		2		5		4
Extinguishment of debt	(1)		—		(7)		—
Pension and other postretirement	(14)		(18)		(35)		(78)
Foreign currency remeasurement	(30)		8		(21)		(48)
Financial instruments and other (1)	2		(13)		71		17
Total	$	35	$	(21)	$	346	$	(105)

(1)During the three and nine months ended September 30, 2024, a $2 million and $84 million gain was recognized, respectively, related to deferred consideration from the affiliates of The Blackstone Group L.P. and the other designated purchasers related to a divestiture completed in a prior year period. Refer to Note 7 “Acquisitions and Dispositions of Businesses” for additional information.

Schedule of Allowance for Doubtful Accounts

Changes in the net carrying amount of allowance for doubtful accounts are as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Balance at beginning of period	$	87	$	83	$	79	$	76
Provision	2		3		13		12
Accounts written off, net of recoveries	(6)		(2)		(8)		(5)
Foreign currency translation and other	2		(2)		1		(1)
Balance at end of period	$	85	$	82	$	85	$	82

Schedule of Other Current Assets

The components of Other current assets are as follows (in millions):

As of	September 30, 2024		December 31, 2023
Costs to fulfill contracts with customers (1)	302		370
Prepaid expenses	172		100
Taxes receivable	77		35
Assets held for sale	—		354
Other	203		137
Total	$	754	$	996

(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information.

Schedule of Other Non-current Assets

The components of Other non-current assets are as follows (in millions):

As of	September 30, 2024		December 31, 2023
Costs to obtain contracts with customers (1)	$	202	$	195
Taxes receivable	89		100
Investments	87		45
Leases	13		26
Other	194		140
Total	$	585	$	506

(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information.

Schedule of Other Current Liabilities

The components of Other current liabilities are as follows (in millions):

As of	September 30, 2024		December 31, 2023
Deferred revenue (1)	$	312	$	270
Leases	199		182
Taxes payable	186		291
Contingent consideration	111		—
Liabilities held for sale	—		69
Other	1,106		1,066
Total	$	1,914	$	1,878

(1)During the three and nine months ended September 30, 2024, revenue of $240 million and $618 million, respectively, was recognized in the Condensed Consolidated Statements of Income. During the three and nine months ended September 30, 2023, revenue of $158 million and $494 million, respectively, was recognized in the Condensed Consolidated Statements of Income.

Schedule of Other Non-current Liabilities

The components of Other non-current liabilities are as follows (in millions):

As of	September 30, 2024		December 31, 2023
Taxes payable (1)	$	872	$	827
Contingent consideration	135		—
Compensation and benefits	70		59
Deferred revenue	32		33
Leases	—		10
Other	69		145
Total	$	1,178	$	1,074

(1)Includes $72 million for the non-current portion of the one-time mandatory transition tax on accumulated foreign earnings as of December 31, 2023.