FAIR VALUE MEASUREMENT AND DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Notional Amounts and Fair Value

The following table summarizes the gross notional amounts and fair values of the designated and non-designated hedges discussed in the above sections as of March 31, 2022, which are included in "Other current assets" and "Other accrued liabilities" on the Consolidated Balance Sheets:

		Fair Value				Gross Notional Amount
In millions	Level	Designated		Non-Designated		Designated		Non-Designated
Foreign Exchange Contracts
Other current assets	2	$	9	$	—	$	1,142	$	—
Other current liabilities	2	—		(1)		—		272
Cross-currency Swaps
Other current liabilities	2	(2)		—		14		—
Total		$	7	$	(1)	$	1,156	$	272

The following table summarizes the gross notional amounts and fair values of the designated and non-designated hedges discussed in the above sections as of December 31, 2021, which are included in "Other current assets" and "Other accrued liabilities" on the Consolidated Balance Sheets:

		Fair Value				Gross Notional Amount
In millions	Level	Designated		Non-Designated		Designated		Non-Designated
Foreign Exchange Contracts
Other current assets	2	$	8	$	—	$	627	$	—
Other current liabilities	2	(1)		(2)		613		289
Cross-currency Swaps
Other current assets	2	—		—		14		—
Total		$	7	$	(2)	$	1,254	$	289