Other Financial Data (Tables)

9 Months Ended

Sep. 30, 2023

Other Financial Data [Abstract]

Schedule of Other Income (Expense)

Other income (expense) consists of the following (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Pension and other postretirement	$	(18)	$	(3)	$	(78)	$	(9)
Foreign currency remeasurement	8		40		(48)		39
Gain from sales of businesses	—		6		—		53
Equity earnings	2		2		4		6
Financial instruments and other	(13)		(29)		17		(18)
Total	$	(21)	$	16	$	(105)	$	71

Schedule of Allowance for Doubtful Accounts

Changes in the net carrying amount of allowance for doubtful accounts are as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Balance at beginning of period	$	83	$	91	$	76	$	90
Provision	3		2		12		12
Accounts written off, net of recoveries	(2)		1		(5)		(11)
Foreign currency translation and other	(2)		(12)		(1)		(9)
Balance at end of period	$	82	$	82	$	82	$	82

Schedule of Other Current Assets

The components of Other current assets are as follows (in millions):

As of	September 30, 2023		December 31, 2022
Assets held for sale (1)	$	277	$	—
Costs to fulfill contracts with customers (2)	273		355
Prepaid expenses	147		109
Taxes receivable	39		74
Other	141		108
Total	$	877	$	646

(1)Refer to Note 7 “Acquisitions and Dispositions of Businesses” for further information.

(2)Refer to Note 3 “Revenue from Contracts with Customers” for further information.

Schedule of Other Non-current Assets

The components of Other non-current assets are as follows (in millions):

As of	September 30, 2023		December 31, 2022
Costs to obtain contracts with customers (1)	$	186	$	185
Taxes receivable	102		109
Investments	45		60
Leases	30		43
Other	134		112
Total	$	497	$	509

(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information.

Schedule of Other Current Liabilities

The components of Other current liabilities are as follows (in millions):

As of	September 30, 2023		December 31, 2022
Deferred revenue (1)	$	282	$	250
Taxes payable	195		193
Leases	181		186
Liabilities held for sale (2)	40		—
Other	1,028		718
Total	$	1,726	$	1,347

(1)During the three and nine months ended September 30, 2023, revenue of $158 million and $494 million, respectively, was recognized in the Condensed Consolidated Statements of Income. During the three and nine months ended September 30, 2022, revenue of $108 million and $481 million, respectively, was recognized in the Condensed Consolidated Statements of Income.

(2)Refer to Note 7 “Acquisitions and Dispositions of Businesses” for further information.

Schedule of Other Non-current Liabilities

The components of Other non-current liabilities are as follows (in millions):

As of	September 30, 2023		December 31, 2022
Taxes payable (1)	$	812	$	795
Compensation and benefits	51		69
Deferred revenue	36		37
Leases	15		28
Other	90		95
Total	$	1,004	$	1,024

(1)Includes $72 million and $129 million for the non-current portion of the one-time mandatory transition tax on accumulated foreign earnings as of September 30, 2023 and December 31, 2022, respectively.