EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2022

Compensation And Retirement Disclosure [Abstract]

Changes in Pension and Other Postretirement Benefit Obligations, Plan Assets and Funded Status

The following table provides a reconciliation of changes in the projected benefit obligation and the fair value of plan assets, as well as the funded status of the plans to amounts recognized on the Company’s Consolidated Balance Sheets.

	Pension Benefits						Other Benefits
(In millions)	2022			2021			2022			2021
Changes in projected benefit obligation:
Obligation at beginning of period	$	830		$	924		$	13		$	14
Service cost		—			—			—			—
Interest cost		21			20						—
Assumption changes		(144	)		(28	)		(3	)		—
Actuarial gain		(9	)		(12	)		—			—
Currency exchange rate change		—			—			—			—
Benefits paid		(71	)		(74	)		(1	)		(1	)
Obligation at end of period	$	627		$	830		$	9		$	13
Change in plan assets:
Fair value of plan assets at beginning of period	$	836		$	894		$	—		$	—
Actual return on plan assets		(142	)		14			—			—
Employer contribution		2			2			1			1
Benefits paid		(71	)		(74	)		(1	)		(1	)
Fair value of plan assets at end of period		625			836			—			—
Net asset (liability) recognized at end of period	$	(2	)	$	6		$	(9	)	$	(13	)

The following table provides a reconciliation of changes in the projected benefit obligation, the fair value of plan assets and the funded status of the plan to amounts recognized on the Company’s Consolidated Balance Sheets.

(In millions)	2022			2021
Changes in projected benefit obligation:
Obligation at beginning of period	$	257		$	269
Service cost		—			—
Interest cost		4			4
Plan settlements		—			(7	)
Benefits paid		(8	)		(5	)
Actuarial (gain) loss		(89	)		(1	)
Currency translation		(23	)		(3	)
Obligation at end of period		141			257
Changes in plan assets:
Fair value of plan assets at beginning of period		358			360
Actual return on plan assets		(130	)		12
Company contributions		1			2
Plan settlements		—			(7	)
Benefits paid		(8	)		(4	)
Currency translation		(32	)		(5	)
Fair value of plan assets at end of period		189			358
Net asset recognized at end of period	$	48		$	101

Amount Recognized in Consolidated Balance Sheets Related to Defined Benefit Pension and Other Postretirement Benefit Plans

The following table shows the amounts recognized in the Consolidated Balance Sheets related to the Company’s North America defined benefit pension and other postretirement benefit plans as of year-ends:

	Pension Benefits						Other Benefits
(In millions)	2022			2021			2022			2021
Noncurrent assets	$	7		$	18		$	—		$	—
Current liabilities		(1	)		(2	)		(1	)		(1	)
Noncurrent liabilities		(8	)		(10	)		(8	)		(12	)
Net amount recognized	$	(2	)	$	6		$	(9	)	$	(13	)

Accumulated Benefit Obligation in Excess of Plan Assets

The following table provides the accumulated benefit obligation for the Company’s North America defined benefit pension and other postretirement benefit plans with a projected benefit obligation and an accumulated benefit obligation in excess of plan assets as of year ends:

	Pension Benefits						Other Benefits
(In millions)	2022			2021			2022			2021
Accumulated benefit obligation in excess of plan assets
Accumulated benefit obligation at end of period	$	(9	)	$	(11	)	$	(9	)	$	(13	)
Fair value of plan assets at end of period		—			—			—			—
Projected benefit obligation in excess of plan assets
Benefit obligation at end of period		(9	)		(11	)
Fair value of plan assets at end of period		—			—

Components of Net Periodic Benefit

The components of net periodic benefit are as follows:

	Pension Benefits									Other Benefits
(In millions)	2022			2021			2020			2022		2021		2020
Service cost	$	—		$	—		$	—		$	—	$	—	$	—
Interest cost		21			20			28			—		—		—
Expected return on plan assets		(26	)		(29	)		(32	)		—		—		—
Net periodic benefit	$	(5	)	$	(9	)	$	(4	)	$	—	$	—	$	—

The components of net periodic benefit are presented below:

(In millions)	2022			2021			2020
Service cost	$	—		$	—		$	—
Interest cost		4			4			5
Expected return on plan assets		(6	)		(6	)		(5	)
Settlement gain		—			(1	)		—
Net periodic pension benefit	$	(2	)	$	(3	)	$	—

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss (Income)

Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income) are as follows:

	Pension Benefits									Other Benefits
(In millions)	2022			2021			2020			2022			2021			2020
Accumulated other comprehensive loss (income) at    beginning of year	$	(46	)	$	(21	)	$	9		$	—		$	1		$	—
Net loss (gain)		15			(25	)		(30	)		(2	)		(1	)		1
Accumulated other comprehensive loss (income) at    end of year	$	(31	)	$	(46	)	$	(21	)	$	(2	)	$	—		$	1

Weighted Average Assumptions Used in the Measurement of Benefit Obligations and Net Periodic Cost (Benefit)

The following table presents the key weighted average assumptions used in the measurement of the Company’s benefit obligations as of year-ends:

										Other Benefits
	Pension Benefits									United States									Canada
	2022			2021			2020			2022			2021			2020			2022			2021			2020
Discount rate		5.37	%		2.69	%		2.27	%		4.90	%		2.40	%		1.90	%		5.10	%		2.90	%		2.50	%

The following table presents the weighted average assumptions used in the measurement of net periodic benefit:

										Other Benefits
	Pension Benefits									United States									Canada
	2022			2021			2020			2022			2021			2020			2022			2021			2020
Discount rate		2.69	%		2.27	%		3.26	%		2.40	%		1.90	%		2.80	%		2.90	%		2.50	%		3.10	%
Expected long-term rate of return on plan assets		3.64	%		4.31	%		5.16	%		—	%		—	%		—	%		—	%		—	%		—	%

Assumptions used in calculating the funded status and net periodic benefit included:

	2022			2021			2020
Expected long-term rate of return on plan assets		3.47	%		2.03	%		1.64	%
Discount rate		5.00	%		1.80	%		1.40	%
Inflation		3.00	%		3.20	%		2.70	%

Assumed Healthcare Cost Trend Rates

The following table presents the assumed healthcare cost trend rates used in measuring the Company’s postretirement benefit obligations at year-ends:

	2022			2021			2020
Weighted average assumptions as of year-end:
Healthcare cost trend rate assumed for next year		6.10	%		6.20	%		6.10	%
Rate to which the cost trend rate is assumed to decline (the ultimate    trend rate)		4.00	%		4.00	%		4.50	%
Year that the rate reaches the ultimate trend rate	2041			2041			2029

Allocation of Plan Assets Table

The allocation of pension plan assets by category at year-ends is as follows:

	2022			2021
Cash		1	%		1	%
Common collective trust funds		99	%		99	%
		100	%		100	%

The allocation of Plan assets is as follows:

	2022			2021
Cash		—	%		2	%
Equity securities		5	%		14	%
Fixed-income securities		95	%		84	%
Total		100	%		100	%

Schedule of Fair Value of Plan Assets by Assets Category

The following table presents the pension plan assets by level within the fair value hierarchy at year-ends.

(In millions)	Fair Value Measurements 2022
Asset Category	Total		Assets Measured at NAV (a)		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Plan assets measured at net asset value: (a)
Common collective trust funds:
U.S. small and mid-cap equity securities	$	5	$	5	$	—	$	—	$	—
U.S. large cap equity securities		20		20		—		—		—
International equity securities		31		31		—		—		—
Corporate bonds		281		281		—		—		—
Government securities		254		254		—		—		—
Other fixed-income		—		—		—		—		—
Cash		29		29		—		—		—
Total common collective trust funds		620		620		—		—		—
Total plan assets measured at net asset value		620		620		—		—		—
Plan assets measured in the fair value    hierarchy:
Cash		5				5		—		—
Total plan assets measured in the fair value    hierarchy		5		—		5		—		—
Total plan assets	$	625	$	620	$	5	$	—	$	—

^(a) Fair values of Common collective trust funds are estimated using net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy in connection with the adoption of Accounting Standards Update (ASU) 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent).

(In millions)	Fair Value Measurements 2021
Asset Category	Total		Assets Measured at NAV (a)		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Plan assets measured at net asset value: (a)
Common collective trust funds:
U.S. small and mid-cap equity securities	$	7	$	7	$	—	$	—	$	—
U.S. large cap equity securities		29		29		—		—		—
International equity securities		42		42		—		—		—
Corporate bonds		485		485		—		—		—
Government securities		245		245		—		—		—
Other fixed-income		4		4		—		—		—
Cash		18		18		—		—		—
Total common collective trust funds		830		830		—		—		—
Total plan assets measured at net asset value		830		830		—		—		—
Plan assets measured in the fair value    hierarchy:
Cash		6		—		6		—		—
Total plan assets measured in the fair value    hierarchy		6		—		6		—		—
Total plan assets	$	836	$	830	$	6	$	—	$	—

^(a) Fair values of Common collective trust funds are estimated using net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy in connection with the adoption of Accounting Standards Update (ASU) 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent).

The following table presents the pension plan assets by level within the fair value hierarchy.

(In millions)	Fair Value Measurements 2022
Asset Category	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash	$	1	$	1	$	—	$	—
Equity securities
Developed market equity funds		—		—		—		—
Emerging market equity funds		—		—		—		—
Mutual funds real estate		—		—		—		—
Mutual funds		9		—		9		—
Total equity securities		9		—		9		—
Fixed-income securities
UK debt funds		86		—		86		—
Liability term matching debt funds		76		—		76		—
Emerging market debt fund		—		—		—		—
High yield debt		17		—		17		—
Total fixed-income securities		179		—		179		—
Total	$	189	$	1	$	188	$	—

(In millions)	Fair Value Measurements 2021
Asset Category	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash	$	9	$	9	$	—	$	—
Equity securities
Developed market equity funds		13		13		—		—
Emerging market equity funds		4		4		—		—
Mutual funds real estate		2		—		—		2
Mutual funds		30		—		30		—
Total equity securities		49		17		30		2
Fixed-income securities
UK debt funds		154		—		154		—
Liability term matching debt funds		115		—		115		—
Emerging market debt fund		2		—		2		—
High yield debt		29		—		29		—
Total fixed-income securities		300		—		300		—
Total	$	358	$	26	$	330	$	2

Anticipated Benefit Payments

Anticipated benefit payments by year are as follows:

(In millions)	Pension Benefits		Other Benefits
2023	$	70	$	1
2024		67		1
2025		64		1
2026		61		1
2027		59		1
Next five years		247		3

Anticipated benefit payments for the UK pension plan, at 2022 year-end exchange rates, are as follows:

(In millions)	Benefit Payments
2023	$	9
2024		9
2025		9
2026		9
2027		10
Next five years		52

Reconciliation of the Change in Fair Value of the Pension Plan Assets Calculated based on Level 3 Inputs

The following is a reconciliation of the change in fair value of the pension plan assets calculated based on Level 3 inputs:

(In millions)	Total
Balance at December 25, 2021	$	2
Net sales		(2	)
Balance at December 31, 2022	$	—