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REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Summary of variable consideration provisions
The following tables present the activity and ending balances of the Company’s variable consideration provisions for the six months ended June 30, 2022 and 2021.
Six Months Ended June 30, 2022
(in millions)Discounts
and
Allowances		ReturnsRebatesChargebacksDistribution
Fees		Total
Reserve balances, January 1, 2022$222 $482 $944 $170 $45 $1,863 
Current period provisions278 60 1,236 1,028 108 2,710 
Payments and credits(303)(107)(1,170)(976)(46)(2,602)
Reserve balances, June 30, 2022$197 $435 $1,010 $222 $107 $1,971 
Included in Rebates in the table above are cooperative advertising credits due to customers of approximately $48 million and $36 million as of June 30, 2022 and January 1, 2022, respectively, which are reflected as a reduction of Trade receivables, net in the Consolidated Balance Sheets. There were no price appreciation credits during the six months ended June 30, 2022.
Six Months Ended June 30, 2021
(in millions)Discounts
and
Allowances		ReturnsRebatesChargebacksDistribution
Fees		Total
Reserve balances, January 1, 2021$190 $575 $779 $184 $85 $1,813 
Current period provisions306 77 1,227 993 110 2,713 
Payments and credits(296)(119)(1,025)(1,012)(94)(2,546)
Reserve balances, June 30, 2021$200 $533 $981 $165 $101 $1,980 
Summary of activity in allowance for credit losses The activity in the allowance for credit losses for trade receivables for the six months ended June 30, 2022 and 2021 is as follows.
(in millions)20222021
Balance, beginning of period$35 $39 
Provision1 — 
Write-offs(1)(1)
Recoveries3 1 
Foreign exchange and other
(2)— 
Balance, end of period$36 $39