LEASES (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense are as follows:

(In millions)	2022		2021		2020
Operating lease cost	$	179	$	164	$	184
Finance lease cost:
Amortization of lease assets	11		12		6
Interest on lease liabilities	1		2		1
Short-term lease cost	17		15		18
Variable lease cost	27		16		3
Sublease income	(1)		(2)		(2)
Total lease cost	$	234	$	207	$	210

Supplemental cash flow information related to leases is as follows:

(In millions)	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows - payments on operating leases	$	(159)	$	(158)	$	(144)
Operating cash outflows - interest payments on finance leases	(2)		(2)		(1)
Financing cash outflows - payments on finance lease obligations	(11)		(11)		(8)
Lease assets obtained in exchange for new lease obligations, including leases acquired:
Operating leases	$	245	$	145	$	144
Finance leases	10		14		16

Schedule of Supplemental Balance Sheet Information related to Leases

Supplemental balance sheet information related to leases is as follows:

	December 31
(In millions)	2022		2021
Operating Leases
Operating lease assets	$	570	$	442
Other current liabilities	127		120
Operating lease liabilities	459		337
Total operating lease liabilities	$	586	$	457
Finance Leases
Land and buildings	$	6	$	6
Machinery and equipment	40		47
Accumulated depreciation	(20)		(19)
Net property, plant and equipment	$	26	$	34
Current portion of long-term debt	$	10	$	15
Long-term debt	18		23
Total finance lease liabilities	$	28	$	38

	December 31
	2022		2021
Weighted-average remaining lease term
Operating leases	7.6 years		5.4 years
Finance leases	4.9 years		5.3 years
Weighted-average discount rate
Operating leases	3.3	%	2.6	%
Finance leases	3.0	%	3.3	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities at December 31, 2022 are as follows:

(In millions)	Operating Leases		Finance Leases
2023	$	145	$	10
2024	118		7
2025	86		4
2026	69		3
2027	54		2
Thereafter	209		4
Total lease payments	681		30
Less imputed interest	95		2
Total present value of lease liabilities	$	586	$	28

Schedule of Maturities of Finance Lease Liabilities

Maturities of lease liabilities at December 31, 2022 are as follows:

(In millions)	Operating Leases		Finance Leases
2023	$	145	$	10
2024	118		7
2025	86		4
2026	69		3
2027	54		2
Thereafter	209		4
Total lease payments	681		30
Less imputed interest	95		2
Total present value of lease liabilities	$	586	$	28