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LEASES AND COMMITMENTS (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Operating Lease Assets and Lease Liabilities
The following table presents the lease assets and lease liabilities as of December 31, 2022 and 2021:
December 31,
(in millions)20222021
AssetsBalance Sheet Location
Operating leasesOther non-current assets$199 $185 
Finance leasesProperty, plant and equipment, net10 11 
Total lease assets$209 $196 
Liabilities
Current
Operating leases Other current liabilities$42 $43 
Finance leasesNotes payable and other short-term debt3 2 
Non-current
Operating leasesOther non-current liabilities166 152 
Finance leasesLong-term debt9 11 
Total lease liabilities$220 $208 
Schedule of Lease, Cost
The following table presents lease obligations arising from obtaining leased assets for the years ended December 31, 2022 and 2021:
December 31,
(in millions)20222021
Operating leases$39 $27 
Finance leases2 1 
Total lease obligations$41 $28 
The following table presents the terms and discount rates:
December 31,
20222021
Weighted average remaining lease term (years)
Operating leases67
Finance leases67
Weighted average discount rate
Operating leases2.2 %2.0 %
Finance leases3.2 %3.0 %
Schedule of Maturity of Operating Lease Liabilities
The following table presents the maturity of lease liabilities as of December 31, 2022:
(in millions)Operating leasesFinance leases
2023$47 $2 
202440 2 
202537 2 
202632 2 
202726 2 
After 202744 3 
Total (undiscounted) lease payments$226 $13 
Less: Imputed interest18 1 
Present value of lease liabilities$208 $12 
Schedule of Maturity of Finance Lease Liabilities
The following table presents the maturity of lease liabilities as of December 31, 2022:
(in millions)Operating leasesFinance leases
2023$47 $2 
202440 2 
202537 2 
202632 2 
202726 2 
After 202744 3 
Total (undiscounted) lease payments$226 $13 
Less: Imputed interest18 1 
Present value of lease liabilities$208 $12