FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2023

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 that were accounted for at fair value on a recurring basis:

	September 30, 2023								December 31, 2022
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Foreign currency exchange contracts	$	—	$	54	$	—	$	54	$	—	$	93	$	—	$	93
Available for sale investments	60		213		—		273		87		559		—		646
Interest rate swap agreements	—		—		—		—		—		16		—		16
Cross currency swap agreements	—		44		—		44		—		90		—		90
Investments in equity securities	33		—		—		33		22		32		—		54
Right to HWI Net Sale Proceeds	—		—		9		9		—		—		295		295
Total assets	$	93	$	311	$	9	$	413	$	109	$	790	$	295	$	1,194
Liabilities
Foreign currency exchange contracts	$	—	$	22	$	—	$	22	$	—	$	8	$	—	$	8
Interest rate swap agreements	—		323		—		323		—		303		—		303
Commodity contracts	—		—		—		—		—		1		—		1
Total liabilities	$	—	$	345	$	—	$	345	$	—	$	312	$	—	$	312

The following table sets forth a reconciliation of beginning and ending balances of assets and liabilities that were accounted for at fair value using level 3 measurements:

	Three Months Ended September 30, 2023		Nine Months Ended September 30, 2023
Balance at beginning of period	$	9	$	295
Receipt of HWI Net Sale Proceeds	—		(275)
Fair value adjustment of HWI Net Sale Proceeds	—		(11)
Balance at end of period	$	9	$	9

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:

	September 30, 2023				December 31, 2022
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets
Long-term receivables	$	231	$	176	$	229	$	183
Liabilities
Long-term debt and related current maturities	$	18,353	$	16,755	$	16,853	$	15,856