LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Assets and Liabilities

Information related to operating leases is as follows (in millions of dollars):

	As of December 31,
	2023		2022
Right-of-use assets
Operating lease right-of-use	$	429	$	367
Operating lease liabilities
Operating lease liability	71		68
Long-term operating lease liability	381		318
Total operating lease liabilities	$	452	$	386

Schedule of Operating Lease Information

	As of December 31,
	2023			2022
Weighted average remaining lease term	7 years			7 years
Weighted average incremental borrowing rate	2.19		%	1.46		%
Cash paid for operating leases	$	88		$	76
Right-of-use assets obtained in exchange for operating lease obligations	$	161		$	96

Schedule of Maturities of Operating Lease Liabilities

The remaining maturity of existing lease liabilities as of December 31, 2023 are as follows (in millions of dollars):

Year	Operating Leases
2024	$	87
2025	87
2026	76
2027	66
2028	57
Thereafter	119
Total lease payments	492
Less interest	(40)
Present value of lease liabilities	$	452