Annual report pursuant to Section 13 and 15(d)

RUSSIAN OPERATIONS

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RUSSIAN OPERATIONS
 12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure
NOTE 22. RUSSIAN OPERATIONS
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. The following summarizes the costs associated with the suspension of our Russian operations in our Consolidated Statements of Net Income:
Year ended
In millions December 31,
2022		 Statement of Net Income Location
Inventory write-downs $ 17  Cost of sales
Accounts receivable reserves 41  Other operating expense, net
Impairment and other joint venture costs 31  Equity, royalty and interest income from investees
Other 22  Other operating expense, net
Russian suspension costs, net of recoveries $ 111   
For the year ended December 31, 2023, there were no material additional costs.