SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Intangible Assets

The Company uses the following useful lives for its definite-lived intangible assets:

Definite-Lived Intangible Asset Type	Useful Life
Patents	Up to the date the patent expires
Trade names and trademarks	Up to 20 years
Licensing agreements	Up to 20 years
Customer relationships	Up to 15 years
Developed technology	Up to 15 years

Schedule of Property, Plant and Equipment

Except for leasehold improvements, depreciation and amortization is computed by the straight-line method over the assets estimated useful lives:

Property, Plant and Equipment Assets Type	Useful Life
Buildings	40 years
Machinery and Equipment	2 to 15 years
Capitalized Software	2 to 10 years
Leasehold Improvements	Shorter of the estimated useful life or the term of the lease

Property, plant and equipment, net, were as follows:

	Year Ended December 31,
(in millions)	2024		2023
Land	$	46	$	49
Buildings and improvements	571		568
Machinery and equipment	887		964
Capitalized software	516		446
Construction in progress	87		138
	$	2,107	$	2,165
Less: Accumulated depreciation and amortization	1,341		1,365
Property, plant and equipment, net	$	766	$	800

Schedule of Warranty Expense and Accrual

The Company’s warranty expense and warranty accrual were as follows:

	December 31,
(in millions)	2024		2023		2022
Warranty Expense	$	32	$	48	$	27
Warranty Accrual	21		24		22