Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on Recurring Basis

	June 30, 2023		December 31, 2022		June 30, 2022
(In millions)	Level 21		Level 21		Level 21
Assets at fair value:
Marketable securities	$	53	$	124	$	254
Derivatives relating to:2
Foreign currency	39		92		90
Commodity contracts	1		4		3
Total assets at fair value	$	93	$	220	$	347
Liabilities at fair value:
Derivatives relating to:2
Foreign currency	192		67		60
Commodity contracts	23		3		1
Total liabilities at fair value	$	215	$	70	$	61

1.Reflects significant other observable inputs.

2.See Note 16 - Financial Instruments for the classification of derivatives in the interim Consolidated Balance Sheets.