Organization, Description of Business and Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Accounts Receivable Securitization and Factoring Programs
Information related to the trade receivables sold was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2021202020212020
Securitization programs
Receivables sold in period
$882 $598 $1,657 $1,289 
Cash consideration
882 598 1,657 1,289 
Factoring programs
Receivables sold in period
113 199 229 463 
Cash consideration
112 199 228 462 
The trade receivables securitization program was amended in July 2021. See Note 11—Subsequent Events for more information.
Summary of Carrying Value and Valuation of Financial Instruments Within the Fair-Value Hierarchy
The fair value hierarchy of cash equivalents was as follows:
(In millions)Carrying ValueFair ValueLevel 1
June 30, 2021$535 $535 $535 
December 31, 20201,738 1,738 1,738 
The fair value of our debt and classification in the fair value hierarchy was as follows:
(In millions)Fair ValueLevel 1Level 2
June 30, 2021$5,592 $3,168 $2,424 
December 31, 20207,094 4,431 2,663