FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis:

	March 31, 2023												December 31, 2022
	Level 1			Level 2			Level 3			Total			Level 1			Level 2			Level 3			Total
Assets
Foreign currency exchange contracts		$	—		$	38		$	—		$	38		$	—		$	93		$	—		$	93
Available for sale investments		64			428			—			492			87			559			—			646
Interest rate swap agreements		—			31			—			31			—			16			—			16
Cross currency swap agreements		—			44			—			44			—			90			—			90
Investments in equity securities		22			32			—			54			22			32			—			54
Right to HWI Net Sale Proceeds		—			—			39			39			—			—			295			295
Total assets		$	86		$	573		$	39		$	698		$	109		$	790		$	295		$	1,194
Liabilities
Foreign currency exchange contracts		$	—		$	8		$	—		$	8		$	—		$	8		$	—		$	8
Interest rate swap agreements		—			251			—			251			—			303			—			303
Commodity contracts		—			—			—			—			—			1			—			1
Cross currency swap agreements		—			12			—			12			—			—			—			—
Total liabilities		$	—		$	271		$	—		$	271		$	—		$	312		$	—		$	312

The following table sets forth a reconciliation of beginning and ending balances of assets and liabilities that were accounted for at fair value using level 3 measurements:

	March 31, 2023
Balance at beginning of period		$	295
Receipt of HWI Net Sale Proceeds		(256)
Balance at end of period		$	39

Financial Assets and Liabilities That Were Not Carried at Fair Value

The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:

	March 31, 2023						December 31, 2022
	Carrying Value			Fair Value			Carrying Value			Fair Value
Assets
Long-term receivables		$	221		$	177		$	229		$	183
Liabilities
Long-term debt and related current maturities		$	15,607		$	14,706		$	16,853		$	15,856