Long-Term Debt and Available Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Short-Term Borrowings and Finance Lease Obligations

Short-term borrowings and finance lease obligations
(In millions)	December 31, 2023		December 31, 2022
Other loans - various currencies	$	1	$	23
Long-term debt payable within one year	196		—
Finance lease obligations payable within one year	1		1
Total short-term borrowings and finance lease obligations	$	198	$	24

Long-Term Debt

Long-Term Debt
	December 31, 2023				December 31, 2022
(In millions)	Amount		Weighted Average Rate		Amount		Weighted Average Rate
Promissory notes and debentures:
Maturing in 2025	$	500	1.70	%	$	500	1.70	%
Maturing in 2026	600		4.50	%	—
Maturing in 2030	500		2.30	%	500		2.30	%
Maturing in 2033	600		4.80	%	—
Other loans:
Foreign currency loans, various rates and maturities	196		14.80	%	181		14.80	%
Medium-term notes, varying maturities through 2041	106		5.34	%	107		4.27	%
Finance lease obligations	1				2
Less: Unamortized debt discount and issuance costs	16				7
Less: Long-term debt due within one year	196				—
Total	$	2,291			$	1,283

Committed and Available Credit Facilities

Committed and Available Credit Facilities at December 31, 2023
(In millions)	Effective Date	Committed Credit		Credit Available		Maturity Date	Interest
Revolving Credit Facility	May 2022	$	3,000	$	3,000	May 2027	Floating Rate
Revolving Credit Facility	May 2022	2,000		2,000		May 2025	Floating Rate
364-Day Revolving Credit Facility	January 2023	500		500		January 2024	Floating Rate
Total Committed and Available Credit Facilities		$	5,500	$	5,500