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SALES OF RECEIVABLES (Tables)
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Schedule of Receivables Sold
The following table presents a summary of receivables sold (in millions).
Three Months Ended March 31,
20242023
Gross receivables sold/cash proceeds received$3,956 $2,779 
Collections reinvested under revolving agreement(3,987)(2,845)
Net cash proceeds remitted (a)
$(31)$(66)
Net receivables sold$3,914 $2,698 
Obligations recorded (Level 3)$153 $148 
(a) Includes the collection on receivables sold but not remitted of $30 million as of March 31, 2024.
Schedule of Amounts Transferred or Pledged
The following table presents a summary of the amounts transferred or pledged, which were held at the Company’s bankruptcy-remote consolidated subsidiary (in millions).
March 31, 2024December 31, 2023
Gross receivables pledged as collateral$2,900 $3,088 
Restricted cash pledged as collateral$406 $500 
Balance sheet classification:
Receivables, net$2,660 $2,780 
Prepaid expenses and other current assets$406 $500 
Other noncurrent assets$240 $308