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ACCRUED LIABILITIES
 12 Months Ended
Dec. 31, 2024
Payables and Accruals [Abstract]  
ACCRUED LIABILITIES ACCRUED LIABILITIES
The carrying value of “Accrued liabilities” on the Consolidated Balance Sheets includes the following components (in millions):

December 31, 2023December 31, 2024
Payroll and related costs$328 $167 
Capital expenditures263 306 
Inventory241 119 
Other products and services169 93 
Other144 150 
Total accrued liabilities$1,145 $835 

During the years ended December 31, 2022, 2023 and 2024, certain restructuring actions occurred in order to reduce costs and improve efficiency. As a result, $39 million, $38 million, and $48 million of severance expenses were recognized during the years ended December 31, 2022, 2023 and 2024, respectively. Accrued liabilities for severance expenses were not material as of December 31, 2024.