Quarterly report pursuant to Section 13 or 15(d)


6 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
Restructuring, Impairment, and Other Activities Disclosure
On March 17, 2022, the Board indefinitely suspended our operations in Russia due to the ongoing conflict in Ukraine. At the time of suspension, our Russian operations included a wholly-owned distributor in Russia, an unconsolidated joint venture with KAMAZ (a Russian truck manufacturer) and direct sales into Russia from our other business segments. As a result of the indefinite suspension of operations, we evaluated the recoverability of assets in Russia and assessed other potential liabilities. We experienced an inability to collect customer receivables and may be the subject of litigation as a consequence of our indefinite suspension of commercial operations in Russia. The following summarizes the (recoveries) costs associated with the suspension of our Russian operations in our Condensed Consolidated Statements of Net Income:
Three months ended Six months ended
In millions June 30,
June 30,
Statement of Net Income Location
Inventory write-downs $ (40) $ 19  Cost of sales
Accounts receivable reserves —  43  Other operating expense, net
Impairment and other joint venture costs —  31  Equity, royalty and interest income from investees
Other (7) 18  Other operating expense, net
Total $ (47) $ 111   
For the three and six months ended June 30, 2023, there were no material additional costs. We will continue to evaluate the situation as conditions evolve and may take additional actions as deemed necessary in future periods.