LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Assets and Liabilities, Leases

The net present value of finance and operating lease right-of-use assets and liabilities were as follows:

		Year Ended December 31,
(in millions, except percentages)	Location in the Consolidated Balance Sheets	2023			2022
Assets
Finance leases	Property, plant, and equipment, net	$	1		$	1
Operating leases	Operating lease right-of-use assets, net	178			200
Total right-of-use assets		$	179		$	201
Liabilities
Current liabilities
Finance leases	Notes payable and current portion of long-term debt	$	—		$	1
Operating leases	Accrued liabilities	56			54
Noncurrent liabilities
Finance leases	Long-term debt	1			1
Operating leases	Operating lease liabilities	125			149
Total lease liabilities		$	182		$	205
Supplemental information:
Weighted-average discount rate
Finance leases		4.2		%	3.5		%
Operating leases		3.9		%	3.5		%
Weighted-average remaining lease term in years
Finance leases		5.2			4.1
Operating leases		4.5			5.1

Schedule of Lease Costs and Supplemental Cash Flow Information For Leases

The lease cost recognized in the Consolidated Statements of Operations were as follows:

	Year Ended December 31,
(in millions)	2023		2022
Operating lease cost	$	67	$	68
Short-term lease cost	—		1
Variable lease cost	15		12
Total lease cost	$	82	$	81

The supplemental cash flow information for leases were as follows:

	Year Ended December 31,
(in millions)	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	68	$	66	$	65
Right-of-use assets obtained in exchange for new lease liabilities:
Finance leases	$	—	$	—	$	1
Operating leases	36		57		79

Schedule of Contractual Maturity Dates, Finance Lease

The contractual maturity dates of the remaining lease liabilities as of December 31, 2023 were as follows:

(in millions)	Finance Leases		Operating Leases		Total
2024	$	—	$	62	$	62
2025	1		45		46
2026	—		32		32
2027	—		21		21
2028	—		16		16
2029 and beyond	—		23		23
Total lease payments	$	1	$	199	$	200
Less imputed interest	—		18		18
Present value of lease liabilities	$	1	$	181	$	182

Schedule of Contractual Maturity Dates, Operating Lease

The contractual maturity dates of the remaining lease liabilities as of December 31, 2023 were as follows:

(in millions)	Finance Leases		Operating Leases		Total
2024	$	—	$	62	$	62
2025	1		45		46
2026	—		32		32
2027	—		21		21
2028	—		16		16
2029 and beyond	—		23		23
Total lease payments	$	1	$	199	$	200
Less imputed interest	—		18		18
Present value of lease liabilities	$	1	$	181	$	182