Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Debt - Accounts Receivable Programs (Details)

v3.24.3
Note 8 - Debt - Accounts Receivable Programs (Details)
€ in Millions, $ in Millions
 9 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2024
EUR (€)
Dec. 31, 2023
USD ($)
Amount outstanding $ 1,859   $ 1,688
US A/R Program [Member]      
Maturity Jan. 31, 2027    
Maximum funding availability [1] $ 150    
Amount outstanding [2] $ 0    
US A/R Program [Member] | Term Secured Overnight Financing Rate (Term SOFR) [Member]      
Interest rate [3] 0.95%    
EU A/R Program [Member]      
Maturity Jul. 31, 2027    
Maximum funding availability [1] $ 112 € 100  
Amount outstanding | €   € 0  
EU A/R Program [Member] | Term SOFR, EURIBOR, or SONIA [Member]      
Interest rate [3] 1.45%    
[1] The amount of actual availability under our A/R Programs may be lower based on the level of eligible receivables sold, changes in the credit ratings of our customers, customer concentration levels and certain characteristics of the accounts receivable being transferred, as defined in the applicable agreements.
[2] As of September 30, 2024, we had approximately $6 million (U.S. dollar equivalent) of letters of credit issued and outstanding under our U.S. A/R Program.
[3] The applicable rate for our U.S. A/R Program is defined by the lender as Term SOFR. The applicable rate for our EU A/R Program is either Term SOFR, EURIBOR or SONIA (Sterling Overnight Interbank Average Rate).