ACQUISITIONS AND DIVESTITURES OF BUSINESSES (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The measurement period adjustments did not have a material impact to the Consolidated Statements of Income.

(In millions)	Preliminary Allocation		Measurement Period Adjustments		Final Allocation
Short-term investments	$	5	$	—	$	5
Accounts receivable	94		(1)		93
Inventory	184		(5)		179
Prepaid expenses and other current assets	6		(1)		5
Property, plant and equipment	6		(5)		1
Other intangible assets	630		(26)		604
Other assets	—		2		2
Accounts payable	(13)		—		(13)
Other current liabilities	(32)		(2)		(34)
Other noncurrent liabilities	(157)		(10)		(167)
Total identifiable net assets	723		(48)		675
Goodwill	928		48		976
Total consideration, net of cash received	$	1,651	$	—	$	1,651

The measurement period adjustments did not have a material impact to the Consolidated Statements of Income.

(In millions)	Preliminary Allocation		Measurement Period Adjustments		Final Allocation
Accounts receivable	$	84	$	—	$	84
Inventory	179		(1)		178
Prepaid expenses and other current assets	45		5		50
Property, plant and equipment	86		11		97
Other intangible assets	1,575		(113)		1,462
Other assets	19		(4)		15
Accounts payable	(40)		—		(40)
Other current liabilities	(159)		(43)		(202)
Other noncurrent liabilities	(77)		(31)		(108)
Total identifiable net assets	1,712		(176)		1,536
Goodwill	1,088		176		1,264
Total consideration, net of cash received	$	2,800	$	—	$	2,800

The measurement period adjustments did not have a material impact to the Consolidated Statements of Income.

(In millions)	Preliminary Allocation		Measurement Period Adjustments		Final Allocation
Accounts receivable	$	36	$	(1)	$	35
Inventory	43		3		46
Prepaid expenses and other current assets	1		—		1
Property, plant and equipment	25		6		31
Other intangible assets	306		35		341
Other assets	21		(13)		8
Accounts payable	(24)		(1)		(25)
Other current liabilities	(10)		(4)		(14)
Other noncurrent liabilities	(70)		2		(68)
Total identifiable net assets	328		27		355
Goodwill	284		(29)		255
Total consideration, net of cash received	$	612	$	(2)	$	610