SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Supplemental Financial Information [Abstract]

Interest and Other Income

The components of Other income (expense), net are summarized as follows for the years ended December 31:

In millions	2022		2021		2020
Other income (expense), net
Interest income	$	13	$	8	$	8
Foreign currency fluctuations and foreign exchange contracts	(17)		(22)		(14)
Employee benefit plans(1)	33		131		(31)
Bank-related fees	(9)		(27)		(5)
Impairment of equity investment	—		—		(7)
Bargain purchase gain on acquisition	—		—		7
Other, net	(13)		—		—
Total other income (expense), net	$	7	$	90	$	(42)

(1) For the fourth quarter ended and year ended December 31, 2022, the actuarial loss related to the remeasurement of our pension plan assets and liabilities was $8 million. For the fourth quarter ended and year ended December 31, 2021, the actuarial gain related to the remeasurement of our pension plan assets and liabilities was $118 million. For the fourth quarter ended and year ended December 31, 2020, the actuarial loss related to the remeasurement of our pension plan assets and liabilities was $34 million.

Schedule of Inventory, Current

The components of inventory are summarized as follows:

In millions	December 31, 2022		December 31, 2021
Inventories
Work in process and raw materials	$	107	$	184
Finished goods	252		185
Service parts	413		385
Total inventories	$	772	$	754

Property, Plant and Equipment

The following table presents property, plant and equipment by geographic area as of December 31:

In millions	2022		2021
Property, plant and equipment, net
United States	$	408	$	429
Americas (excluding United States)	27		26
Europe, Middle East and Africa	163		197
Asia Pacific	65		51
Consolidated property, plant and equipment, net	$	663	$	703

The components of property, plant and equipment, net are summarized as follows:

In millions	December 31, 2022		December 31, 2021
Property, plant and equipment
Land and improvements	$	3	$	3
Buildings and improvements	280		298
Machinery and other equipment	1,257		1,142
Finance lease assets	61		62
Property, plant and equipment, gross	1,601		1,505
Less: accumulated depreciation	(938)		(802)
Total property, plant and equipment, net	$	663	$	703