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BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Schedule of Reconciliations of Changes in the Defined Benefit and Postretirement Healthcare Plans' Benefit Obligations, Fair Value of Assets and Statement of Funded Status Reconciliation of changes in the defined benefit obligations, fair value of assets and statement of funded status were as follows:
   
Year Ended December 31,
(in millions)20222021
Change in Benefit Obligation  
Benefit obligation at beginning of year$619 $675 
Service cost12 17 
Interest cost5 3 
Participant contributions4 4 
Actuarial gains(149)(16)
Plan amendments— (1)
Acquisitions/Divestitures— (2)
Effect of exchange rate changes(35)(41)
Plan curtailments and settlements(1)(1)
Benefits paid(15)(19)
Benefit obligation at end of year$440 $619 
Change in Plan Assets  
Fair value of plan assets at beginning of year$212 $213 
Actual return on assets(28)10 
Plan settlements(1)(1)
Acquisitions/Divestitures— (3)
Effect of exchange rate changes(5)(7)
Employer contributions15 15 
Participant contributions4 4 
Benefits paid(15)(19)
Fair value of plan assets at end of year$182 $212 
Funded status at end of year$(258)$(407)
Schedule of Amounts Recognized in the Accompanying Consolidated Balance Sheets, Net of Tax Effects The amounts recognized in the accompanying Consolidated Balance Sheets, net of tax effects, were as follows:
Location In TheYear Ended December 31,
(in millions)Consolidated Balance Sheets20222021
Other noncurrent assets, netOther noncurrent assets$9 $2 
Deferred tax assetOther noncurrent assets6 36 
Total assets$15 $38 
Current liabilitiesAccrued liabilities(10)(9)
Other noncurrent liabilitiesOther noncurrent liabilities(257)(400)
Deferred tax liabilityDeferred income taxes(5)(1)
Total liabilities$(272)$(410)
Accumulated other comprehensive incomeAccumulated other comprehensive loss7 105 
Net amount recognized$(250)$(267)
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income Amounts recognized in AOCI were as follows:
   
 Year Ended December 31,
(in millions)20222021
Net actuarial loss$12 $144 
Net prior service cost(4)(4)
Before tax AOCI$8 $140 
Less: Deferred taxes1 35 
Net of tax AOCI$7 $105 
Schedule of Information for Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets Information for pension plans with a projected or accumulated benefit obligation in excess of plan assets were as follows:
Year Ended December 31,
(in millions)20222021
Projected benefit obligation$283 $427 
Accumulated benefit obligation272 403 
Fair value of plan assets15 17 
Schedule of Components of Net Periodic Benefit Cost
Components of net periodic benefit cost were as follows:
 Year Ended December 31,Location in Consolidated
(in millions)202220212020Statements of Operations
Service cost$5 $7 $6 Cost of products sold
Service cost7 10 10 Selling, general and administrative expenses
Interest cost5 3 5 Other expense (income), net
Expected return on plan assets(4)(4)(4)Other expense (income), net
Amortization of prior service credit(1)(1)(1)Other expense (income), net
Amortization of net actuarial loss8 12 9 Other expense (income), net
Acquisitions/Divestitures— 1 — Other expense (income), net
Curtailment and settlement gains(1)(1)— Other expense (income), net
Net periodic benefit cost$19 $27 $25 
Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in AOCI
Other changes in plan assets and benefit obligations recognized in AOCI were as follows:
 Year Ended December 31,
(in millions)202220212020
Net actuarial (gains) loss$(125)$(36)$43 
Amortization(7)(11)(9)
Total recognized in AOCI$(132)$(47)$34 
Total recognized in net periodic benefit cost and AOCI
$(113)$(20)$59 
Schedule of Weighted Average Assumptions Used to Determine Benefit Obligations, Principally in Foreign Locations
The weighted average assumptions used to determine benefit obligations for the Company’s plans, principally in foreign locations were as follows:
Year Ended December 31,
202220212020
Interest crediting rate2.5 %1.3 %1.3 %
Discount rate3.2 %1.1 %0.6 %
Rate of compensation increase2.6 %2.6 %2.4 %
Schedule of Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost
The weighted average assumptions used to determine net periodic benefit cost for the Company’s plans, principally in foreign locations were as follows:
Year Ended December 31,
202220212020
Interest crediting rate1.3 %1.3 %1.3 %
Discount rate1.1 %0.6 %1.0 %
Expected return on plan assets2.2 %2.2 %2.3 %
Rate of compensation increase2.6 %2.4 %2.5 %
Measurement date12/31/202212/31/202112/31/2020
Schedule of Fair Value Measurements of Plan Assets The fair value of the Company’s pension plan assets at December 31, 2022 and 2021 are presented in the table below by asset category. Approximately 81% of the total plan assets are categorized as Level 1, and therefore, the values assigned to these pension assets are based on quoted prices available in active markets. For the other category levels, a description of the valuation is provided in Note 1, Significant Accounting Policies, under the “Fair Value Measurement” heading.
 December 31, 2022
(in millions)TotalLevel 1Level 2Level 3
Assets Category    
Cash and cash equivalents$15 $15 $— $— 
Equity securities:    
International49 49 — — 
Fixed income securities:    
Fixed rate bonds (a)
67 67 — — 
Other types of investments:    
Mutual funds (b)
17 17 — — 
Insurance contracts24 — — 24 
Hedge funds9 — — 9 
Real estate1 — — 1 
Total$182 $148 $— $34 
 December 31, 2021
(in millions)TotalLevel 1Level 2Level 3
Assets Category    
Cash and cash equivalents$17 $17 $— $— 
Equity securities:    
International65 65 — — 
Fixed income securities:    
Fixed rate bonds (a)
66 66 — — 
Other types of investments:    
Mutual funds (b)
18 18 — — 
Insurance contracts34 — — 34 
Hedge funds11 — — 11 
Real estate1 — — 1 
Total$212 $166 $— $46 
(a) This category includes fixed income securities invested primarily in Swiss bonds, foreign bonds denominated in Swiss francs, foreign currency bonds, mortgage notes and pledged letters.
(b) This category includes mutual funds balanced between moderate-income generation and moderate capital appreciation with investment allocations of approximately 50% equities and 50% fixed income investments.
Schedule of Reconciliation for the Plans Assets Categorized as Level 3
A reconciliation from December 31, 2020 to December 31, 2022 for the plan assets categorized as Level 3 were as follows:
December 31, 2022
(in millions)
Insurance
Contracts
Hedge
Funds
Real
Estate
Total
Balance at December 31, 2021$34 $11 $1 $46 
Actual return on plan assets:    
Relating to assets still held at the reporting date(5)(1)— (6)
Purchases, sales and settlements, net(2)(1)— (3)
Effect of exchange rate changes(3)— — (3)
Balance at December 31, 2022$24 $9 $1 $34 

December 31, 2021
(in millions)
Insurance
Contracts
Hedge
Funds
Real
Estate
Total
Balance at December 31, 2020$37 $12 $— $49 
Actual return on plan assets:    
Relating to assets still held at the reporting date(2)1 1 — 
Purchases, sales and settlements, net(1)(2)— (3)
Transfers in and/or out2 — — 2 
Effect of exchange rate changes(2)— — (2)
Balance at December 31, 2021$34 $11 $1 $46 
Schedule of Estimated Future Benefit Payments
Estimated Future Benefit Payments

Total benefits expected to be paid from the plans in the future were as follows:
(in millions)
Pension
Benefits
2023$25 
202423 
202524 
202625 
202726 
2027-2031128