XML 74 R64.htm IDEA: XBRL DOCUMENT v3.23.3
Fair Value Measurements (Details) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Investments $ 18 $ 8
Foreign Exchange Contracts 33 5
Total Assets at Fair Value 51 13
Liabilities:    
Foreign Exchange Contracts 17 13
Total Liabilities at Fair Value 17 13
Supplemental Fair Value Information    
Notes Payable and Overdrafts (Note 8) 322 395
Carrying amount — liability 8,092 7,240
Fixed Rate Debt, Excluding Capital Leases    
Supplemental Fair Value Information    
Notes Payable and Overdrafts (Note 8) 121 217
Carrying amount — liability [1] 5,712 5,766
Fair value — liability [1] 5,167 5,198
Variable Rate Debt, Excluding Capital Leases    
Supplemental Fair Value Information    
Notes Payable and Overdrafts (Note 8) 201 178
Carrying amount — liability [1] 2,380 1,474
Fair value — liability [1] 2,315 1,437
Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)    
Assets:    
Investments 18 8
Foreign Exchange Contracts 0 0
Total Assets at Fair Value 18 8
Liabilities:    
Foreign Exchange Contracts 0 0
Total Liabilities at Fair Value 0 0
Supplemental Fair Value Information    
Fair value — liability 4,969 4,946
Significant Other Observable Inputs (Level 2)    
Assets:    
Investments 0 0
Foreign Exchange Contracts 33 5
Total Assets at Fair Value 33 5
Liabilities:    
Foreign Exchange Contracts 17 13
Total Liabilities at Fair Value 17 13
Significant Unobservable Inputs (Level 3)    
Assets:    
Investments 0 0
Foreign Exchange Contracts 0 0
Total Assets at Fair Value 0 0
Liabilities:    
Foreign Exchange Contracts 0 0
Total Liabilities at Fair Value $ 0 $ 0
[1] Excludes Notes Payable and Overdrafts of $322 million and $395 million at September 30, 2023 and December 31, 2022, respectively, of which $121 million and $217 million, respectively, are at fixed rates and $201 million and $178 million, respectively, are at variable rates. The carrying value of Notes Payable and Overdrafts approximates fair value due to the short term nature of the facilities.