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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s financial assets and liabilities accounted for at fair value on a recurring basis:
 March 31, 2022December 31, 2021
Level 1Level 2TotalLevel 1Level 2Total
Assets:  
Foreign currency exchange contracts$— $392 $392 $— $374 $374 
Available for sale investments91 580 671 176 566 742 
Interest rate swap agreements— — 60 60 
Cross currency swap agreements— 70 70 — 39 39 
Investments in equity securities21 30 51 34 23 57 
Total assets$112 $1,075 $1,187 $210 $1,062 $1,272 
Liabilities:
Foreign currency exchange contracts$— $286 $286 $— $282 $282 
Interest rate swap agreements— 80 80 — — — 
Commodity contracts— — — — 
Total liabilities$ $368 $368 $ $282 $282 
Financial Assets and Liabilities That Were Not Carried at Fair Value
The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:
 March 31, 2022December 31, 2021
 Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
Assets    
Short-term investment$— $— $34 $34 
Long-term receivables152 141 170 152 
Long-term investment209 209 366 366 
Liabilities
Long-term debt and related current maturities$15,843 $19,303 $16,057 $17,022