v3.25.1
RECEIVABLES
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
RECEIVABLES RECEIVABLES
Current Receivables
As of
March 31, 2025December 31, 2024
Current customer receivables(1)
$3,379 $3,382 
Non-income based tax receivables155 155 
Other sundry receivables144 133 
Current sundry receivables
299 287 
Allowance for credit losses(106)(103)
Total current receivables – net$3,572 $3,566 
(1) Chargebacks, which are primarily related to our PDx business, are generally settled through issuance of credits, typically within one month of initial recognition, and are recorded as a reduction to current customer receivables. Balances related to chargebacks were $151 million and $153 million as of March 31, 2025 and December 31, 2024, respectively.
Long-Term Receivables
As of
March 31, 2025December 31, 2024
Long-term customer receivables$68 $59 
Non-income based tax receivables23 20 
Other sundry receivables
76 68 
Long-term sundry receivables
99 88 
Allowance for credit losses
(6)(5)
Total long-term receivables – net
$161 $142 

Long-term receivables are recognized within All other non-current assets in the Condensed Consolidated Statements of Financial Position.