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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 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:
 December 31, 2023December 31, 2022
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets  
Foreign currency exchange contracts$— $35 $— $35 $— $93 $— $93 
Available for sale investments63 217 — 280 87 559 — 646 
Interest rate swap agreements— 18 — 18 — 16 — 16 
Cross currency swap agreements— — — — — 90 — 90 
Investments in equity securities22 — — 22 22 32 — 54 
Right to HWI Net Sale Proceeds— — — — 295 295 
Total assets$85 $270 $9 $364 $109 $790 $295 $1,194 
Liabilities
Foreign currency exchange contracts$— $— $$— $— $
Interest rate swap agreements— 184 — 184 — 303 — 303 
Commodity contracts— — — — 
Cross currency swap agreements— 145 — 145 — — — — 
Total liabilities$ $339 $ $339 $ $312 $ $312 
Schedule of Fair Value Using Level 3 Measurements
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:
Years Ended December 31,
20232022
Balance at beginning of period$295 $ 
Recognition of right to HWI Net Sale Proceeds— 295 
Receipt of HWI Net Sale Proceeds(275)— 
Fair value adjustment of HWI Net Sale Proceeds(11)— 
Balance at end of period$9 $295 
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:
 December 31, 2023December 31, 2022
Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
Assets   
Long-term receivables$232 $173 $229 $183 
Liabilities
Long-term debt and related current maturities18,358 17,706 16,853 15,856