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Derivatives (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of the Fair Value of Derivatives Assets and Liabilities

The following table summarizes the fair value of derivatives as of March 31, 2024 and December 31, 2023:

$ in millions		Derivative Assets																Derivative Liabilities
		Mar-24								Dec-23								Mar-24								Dec-23
		Balance sheet location				Fair value				Balance sheet location				Fair value				Balance sheet location				Fair value				Balance sheet location				Fair value
Derivatives designated as cash flow hedges:
Cross-currency interest rate swaps			Prepaid expenses and other current assets			$	—				Prepaid expenses and other current assets			$	—				Other current liabilities			$	(96	)			Other current liabilities			$	(104	)
Cross-currency interest rate swaps			Other non-current assets				—				Other non-current assets				—				Other non-current liabilities				(10	)			Other non-current liabilities				(21	)
Interest rate swaps			Other non-current assets				5				Other non-current assets				—				Other non-current liabilities				—				Other non-current liabilities				—
Total derivatives designated as cash flow hedges						$	5							$	—							$	(106	)						$	(125	)
Derivatives designated as net investment hedges:
Cross-currency interest swaps			Other non-current assets				4				Other non-current assets			$	—				Other non-current liabilities			$	—				Other non-current liabilities			$	(1	)
Total derivatives designated as hedging instrument							4							$	—							$	—							$	(1	)

$ in millions		Derivative Assets																Derivative Liabilities
		Mar-24								Dec-23								Mar-24								Dec-23
Derivatives not designated as hedging instruments:
Cross-currency interest rate swaps			Prepaid expenses and other current assets				10				Prepaid expenses and other current assets				—				Other current liabilities			$	(49	)			Other current liabilities			$	(52	)
Total derivatives not designated as hedging instruments						$	10							$	—							$	(49	)						$	(52	)
Total derivatives						$	19							$	—							$	(155	)						$	(178	)

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- References

No definition available.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B

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