Supplemental Financial Information

9 Months Ended

Sep. 30, 2024

Supplemental Financial Information [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

16. SUPPLEMENTAL FINANCIAL INFORMATION

The components of accounts receivable are summarized as follows:

In millions	September 30, 2024		December 31, 2023
Accounts receivable
Trade	$	556	$	305
Other	95		138
Accounts receivable, gross	651		443
Less: allowance for credit losses	(28)		(29)
Total accounts receivable, net	$	623	$	414

As disclosed in Note 6, “Trade Receivables Facility”, in September 2024, the Company terminated the T/R Facility and reacquired all outstanding trade receivables, which are included in Accounts receivable, net in the Company’s Condensed Consolidated Balance Sheets. Our allowance for credit losses as of September 30, 2024 and December 31, 2023 was $28 million and $29 million, respectively. We continue to evaluate our reserves in light of the age and quality of our outstanding accounts receivable as well as risks to specific industries or countries and adjust the reserves accordingly. The impact to our allowance for credit losses for the three and nine months ended September 30, 2024 was an expense of $9 million and $13 million, respectively. The impact to our allowance for credit losses for the three and nine months ended September 30, 2023 was an expense of $2 million and $10 million, respectively. The Company recorded write-offs against the reserve for the

three and nine months ended September 30, 2024 of $4 million and $14 million, respectively. The Company recorded write-offs against the reserve for both the three and nine months ended September 30, 2023 of $2 million, respectively.

The components of inventory are summarized as follows:

In millions	September 30, 2024		December 31, 2023
Inventories
Work in process and raw materials	$	10	$	14
Finished goods	89		109
Service parts	109		127
Total inventories	$	208	$	250