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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Components of (Loss) Income Before Income Taxes from Operations
The components of loss before income taxes were as follows:
Year Ended December 31,
(in millions)202420232022
United States$(307)$(6)$(531)
Foreign(629)(169)(524)
Total loss before income taxes
$(936)$(175)$(1,055)
Schedule of Components of the (Benefit) Provision for Income Taxes from Operations
The components of the benefit for income taxes from operations were as follows:
Year Ended December 31,
(in millions)202420232022
Current:   
U.S. federal$(6)$1 $1 
U.S. state1 — 4 
Foreign115 86 118 
Total$110 $87 $123 
Deferred:   
U.S. federal$(61)$4 $(145)
U.S. state(1)(3)(17)
Foreign(74)(131)(66)
Total$(136)$(130)$(228)
Total benefit for income taxes
$(26)$(43)$(105)
Schedule of Reconciliation of the U.S. Federal Statutory Tax Rate to the Effective Rate
The reconciliation of the U.S. federal statutory tax rate to the effective rate were as follows:
Year Ended December 31,
(in millions, except percentages)
202420232022
Statutory U.S. federal income tax rate$(197)21.0 %$(37)21.0 %$(222)21.0 %
Effect of:
State income taxes, net of federal benefit— — (2)1.4 (11)1.0 
Federal benefit of R&D and foreign tax credits(7)0.8 (17)10.0 (8)0.8 
U.S. other permanent differences3 (0.3)5 (2.7)9 (0.9)
Tax effect of international operations42 (4.5)(65)37.2 (5)0.5 
Global Intangible Low Taxed Income (GILTI)9 (1.0)12 (7.0)20 (1.9)
Foreign Derived Intangible Income (FDII)— — (9)5.2 (8)0.8 
Net effect of tax audit activity23 (2.5)(6)3.2 15 (1.4)
Tax effect of enacted statutory rate changes on Non-U.S. jurisdictions3 (0.3)1 (0.4)(3)0.3 
Federal tax on unremitted earnings of certain foreign subsidiaries(1)0.1 2 (0.9)1 (0.1)
Valuation allowance adjustments(13)1.3 5 (3.2)(9)0.8 
Tax effect of impairment of goodwill and intangibles106 (11.3)60 (34.6)114 (10.8)
Other6 (0.5)8 (4.4)2 (0.2)
Effective income tax rate on operations$(26)2.8 %$(43)24.8 %$(105)9.9 %
Schedule of Tax Effect of Significant Temporary Differences Giving Rise to Deferred Tax Assets and Liabilities
The tax effect of significant temporary differences giving rise to deferred tax assets and liabilities were as follows:
Year Ended December 31,
 (in millions)20242023
Deferred tax assets
Employee benefit accruals$40 $55 
Inventory19 15 
Miscellaneous accruals50 51 
Other44 44 
Lease right-of-use liability39 46 
Net unrealized gains/losses included in AOCI
— 36 
Foreign tax credit and R&D carryforward41 43 
Tax loss carryforwards and other tax attributes1,554 948 
Total deferred tax assets$1,787 $1,238 
Less: Valuation allowances(1,503)(863)
Total deferred tax assets, net$284 $375 
Deferred tax liabilities
Identifiable intangible assets$(110)$(298)
Property, plant and equipment(28)(38)
Lease right-of-use asset(38)(46)
Net unrealized gains/losses included in AOCI(9)— 
Taxes on unremitted earnings of foreign subsidiaries(6)(8)
Total deferred tax liabilities(191)(390)
Net deferred tax assets (liabilities)$93 $(15)
Schedule of Deferred Tax Assets and Liabilities Included in the Consolidated Balance Sheet
Deferred tax assets and liabilities included in the following Consolidated Balance Sheets line items at December 31 were as follows:
Year Ended December 31,
(in millions)20242023
Assets
Other noncurrent assets$222 $213 
Liabilities
Deferred income taxes$129 $228 
Schedule of Unrecognized Tax Benefits
The activity recorded for unrecognized tax benefits were as follows:
Year Ended December 31,
(in millions) 202420232022
Unrecognized tax benefits at beginning of period$132 $49 $34 
Gross change for prior-period positions18 1 12 
Gross change for current year positions1 95 4 
Decrease due to settlements and payments(13)(9)— 
Decrease due to statute expirations— (4)— 
Increase due to effect of foreign currency translation— — — 
Decrease due to effect from foreign currency translation and other(10)— (1)
Unrecognized tax benefits at end of period$128 $132 $49