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FAIR VALUE MEASUREMENT (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities at Fair Value
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:
March 31, 2024
(in millions)TotalLevel 1Level 2Level 3
Assets
Cross currency basis swaps$11 $— $11 $— 
Foreign exchange forward contracts— — 
Total assets$20 $— $20 $— 
Liabilities
Interest rate swaps$23 $— $23 $— 
Foreign exchange forward contracts14 — 14 — 
Contingent considerations on acquisitions— — 
Total liabilities$41 $— $37 $
December 31, 2023
(in millions)TotalLevel 1Level 2Level 3
Assets
Cross currency basis swaps$$— $$— 
Foreign exchange forward contracts— — 
Total assets$16 $— $16 $— 
Liabilities
Interest rate swaps$28 $— $28 $— 
Foreign exchange forward contracts56 — 56 — 
Contingent considerations on acquisitions— — 
Total liabilities$88 $— $84 $