DEBT (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Total debt, including long-term and current maturities, consisted of the following (in millions of dollars):

	As of
	June 30, 2024				December 31, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value
4.60% senior notes due 2045	$	1,000	$	897	$	1,000	$	967
1.85% senior notes due 2025	—		—		500		483
3.75% senior notes due 2046	400		312		400		336
4.20% senior notes due 2047	400		333		400		361
Debt issuance costs – net of amortization and other	(17)		(17)		(34)		(34)
Long-term debt	1,783		1,525		2,266		2,113
1.85% senior notes due 2025	500		489		—		—
Japanese yen term loan	14		14		32		32
Other	(9)		(9)		2		2
Current maturities	505		494		34		34
Total debt	$	2,288	$	2,019	$	2,300	$	2,147