v3.24.3
Organization, Description of Business and Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Accounts Receivable Securitization and Factoring Programs
Information related to the trade receivables sold was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(In millions)2024202320242023
Securitization programs
Receivables sold in period
$440 $452 $1,339 $1,362 
Cash consideration
440 452 1,339 1,362 
Factoring programs
Receivables sold in period
20 23 61 81 
Cash consideration
20 23 61 81 
Schedule of Fair Value Hierarchy of Cash Equivalents
The fair value hierarchy of cash equivalents was as follows:
(In millions)Carrying ValueFair ValueLevel 1
September 30, 2024$336 $336 $336 
December 31, 2023369 369 369 
The fair value of our debt and classification in the fair value hierarchy was as follows:
(In millions)Fair ValueLevel 1Level 2
September 30, 2024$3,616 $2,276 $1,340 
December 31, 20233,583 2,235 1,348