Annual report pursuant to Section 13 and 15(d)

RUSSIAN OPERATIONS (Tables)

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RUSSIAN OPERATIONS (Tables)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2022
Restructuring and Related Activities [Abstract]    
Russian Operations Restructuring Actions [Table Text Block] The following table presents the impact of asset write-downs and impairments on our Consolidated Statements of Net Income:
Year ended
In millions December 31,
2024
Statement of Net Income Location
Inventory write-downs $ 107  Cost of sales
Impairment of other intangible assets 84 Other operating expense, net
Impairment of property, plant and equipment 61 Other operating expense, net
Impairment of investments in equity method investees 17 Equity, royalty and interest income from investees
Severance 7 Cost of sales and research, development and engineering expenses
Other 36 Other operating expense, net and selling, general and administrative expenses
Total $ 312 
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