FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities measured at Fair Value on a Recurring Basis

The Company’s financial assets and liabilities set forth by level within the fair value hierarchy that were accounted for at fair value on a recurring basis were as follows:

	Year Ended December 31, 2023
(in millions)	Total		Level 1		Level 2		Level 3
Assets
Cross currency interest rate swaps	$	8	$	—	$	8	$	—
Foreign exchange forward contracts	8		—		8		—
Total assets	$	16	$	—	$	16	$	—
Liabilities
Interest rate swaps	$	28	$	—	$	28	$	—
Foreign exchange forward contracts	56		—		56		—
Contingent considerations on acquisitions	4		—		—		4
Total liabilities	$	88	$	—	$	84	$	4

	Year Ended December 31, 2022
(in millions)	Total		Level 1		Level 2		Level 3
Assets
Cross currency interest rate swaps	$	26	$	—	$	26	$	—
Foreign exchange forward contracts	38		—		38		—
Total assets	$	64	$	—	$	64	$	—
Liabilities
Interest rate swaps	$	34	$	—	$	34	$	—
Foreign exchange forward contracts	12		—		12		—
Contingent considerations on acquisitions	4		—		—		4
Total liabilities	$	50	$	—	$	46	$	4

Schedule of Reconciliation of the Company's Assets Measured at Fair Value on a Recurring Basis Using Unobservable Inputs (Level 3)

The following table presents a reconciliation of the Company’s Level 3 holdings measured at fair value on a recurring basis using unobservable inputs:

(in millions)	Level 3
Balance, December 31, 2021	$	10
Payments	(6)
Balance, December 31, 2022	$	4
Payments	—
Balance, December 31, 2023	$	4