FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Reconciliation of Changes in Fair Value of Financial Instruments Measured on a Recurring Basis

The following tables represent a reconciliation of the changes in fair value of financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

	(In Millions)
	Level 3 Assets
	2021		2020
Beginning balance - January 1	$	—	$	45
Total gains included in earnings	—		122
Settlements	—		(27)
Settlement of pre-existing relationship	—		(140)
Ending balance - December 31	$	—	$	—
Total gains for the period included in earnings attributable to the change in unrealized gains on assets still held at the reporting date	$	—	$	—

Summary of Carrying Value and Fair Value of Other Financial Instruments

A summary of the carrying value and fair value of other financial instruments were as follows:

		(In Millions)
		December 31, 2021				December 31, 2020
	Classification	Carrying Value		Fair Value		Carrying Value		Fair Value
Senior notes	Level 1	$	3,561	$	3,911	$	3,802	$	4,446
IRBs due 2024 to 2028	Level 1	68		66		94		91
EDC Revolving Facility - outstanding balance	Level 2	—		—		18		18
ABL Facility - outstanding balance	Level 2	1,609		1,609		1,510		1,510
Total		$	5,238	$	5,586	$	5,424	$	6,065