LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consisted of the following:

	Effective Interest Rate		Face Value		September 30, 2024				December 31, 2023
In millions					Book Value		Fair Value1		Book Value		Fair Value1
2024 Credit Agreement:
Term Loan	6.7	%	$	225	$	224	$	225	$	—	$	—
2022 Credit Agreement:
Revolving Credit Facility	8.6	%	N/A		—		—		—		—
Delayed Draw Term Loan	6.7	%	$	250	250		250		250		250
Senior Notes:
4.15% Senior Notes, due 2024	—	%	$	—	—		—		725		722
3.20% Senior Notes, due 2025	3.4	%	$	500	499		494		499		484
3.45% Senior Notes, due 2026	3.5	%	$	750	750		738		749		718
1.25% Senior Notes (EUR), due 2027	1.5	%	€	500	552		527		547		509
4.70% Senior Notes, due 2028	4.8	%	$	1,250	1,246		1,269		1,245		1,237
5.611% Senior Notes, due 2034	5.7	%	$	500	495		529		—		—
Other Borrowings					1		1		54		57
Total					4,017		4,033		4,069		3,977
Less: current portion					(500)		(495)		(781)		(779)
Long-term portion					$	3,517	$	3,538	$	3,288	$	3,198

1. See Note 13 for information on the fair value measurement of the Company's long-term debt.

Schedule of Line of Credit Facilities

The following table presents availability under the 2022 Credit Agreement at September 30, 2024:

In millions	Revolving Credit Facility		Delayed Draw Term Loan		Total
Maximum Availability	$	1,500	$	250	$	1,750
Outstanding Borrowings	—		(250)		(250)
Letters of Credit Under Credit Agreement	—		—		—
Current Availability	$	1,500	$	—	$	1,500