Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
Cash payments for income taxes and interest were as follows:
  Years ended December 31,
In millions 2023 2022 2021
Cash payments for income taxes, net of refunds $ 1,181  $ 903  $ 521 
Cash payments for interest, net of capitalized interest 374  184  111 
Schedule of Related Party Transactions
The following is a summary of sales to and purchases from nonconsolidated equity investees:
  Years ended December 31,
In millions 2023 2022 2021
Sales to nonconsolidated equity investees $ 1,548  $ 1,197  $ 1,713 
Purchases from nonconsolidated equity investees 2,628  1,838  1,796 
The following is a summary of accounts receivable from and accounts payable to nonconsolidated equity investees:
In millions December 31,
2023
December 31,
2022
Balance Sheet Location
Accounts receivable from nonconsolidated equity investees $ 530  $ 376  Accounts and notes receivable, net
Accounts payable to nonconsolidated equity investees 324  292  Accounts payable (principally trade)
Supplier Finance Program
The following table summarizes the changes in amounts due to financial intermediaries reflected in accounts payable for the year ended December 31, 2023:
In millions
Balance at December 31, 2022 $ 331 
Additional invoices presented for payment 1,141 
Payments to financial intermediaries (1,274)
Foreign currency translation adjustments and other 1 
Balance at December 31, 2023 $ 199