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Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended
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Mar. 31, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2026 and 2025 were as follows:
|  | December 31, 2025 |  | Increase / (Decrease) |  | Reclassifications |  | March 31, 2026
|  | (in millions)
Foreign currency translation adjustments 1 |  | $ | (1,034) |  |  | $ | (20) |  |  | $ | — |  |  | $ | (1,054) |
Translation adjustments on net investment hedges 2 |  | 126 |  |  | 37 |  |  | — |  |  | 163 |
Cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts 3 |  | 46 |  |  | 113 |  |  | (78) |  |  | 81 |
Interest rate contracts |  | (107) |  |  | — |  |  | 2 |  |  | (105) |
Defined benefit pension and other postretirement plans |  | (12) |  |  | — |  |  | — |  |  | (12) |
Investment securities available-for-sale |  | — |  |  | (1) |  |  | — |  |  | (1) |
Accumulated other comprehensive income (loss) |  | $ | (981) |  |  | $ | 129 |  |  | $ | (76) |  |  | $ | (928) |
|  | December 31, 2024 |  | Increase / (Decrease) |  | Reclassifications |  | March 31, 2025
|  | (in millions)
Foreign currency translation adjustments 1 |  | $ | (1,558) |  |  | $ | 263 |  |  | $ | — |  |  | $ | (1,295) |
Translation adjustments on net investment hedges 2 |  | 295 |  |  | (41) |  |  | — |  |  | 254 |
Cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts 3 |  | (51) |  |  | (43) |  |  | 97 |  |  | 3 |
Interest rate contracts |  | (113) |  |  | — |  |  | 2 |  |  | (111) |
Defined benefit pension and other postretirement plans |  | (6) |  |  | — |  |  | — |  |  | (6) |
Accumulated other comprehensive income (loss) |  | $ | (1,433) |  |  | $ | 179 |  |  | $ | 99 |  |  | $ | (1,155) |
1 For the three months ended March 31, 2026, the increase in the accumulated other comprehensive loss related to foreign currency translation adjustments was driven primarily by the depreciation of the British pound, partially offset by the appreciation of the Brazilian Real against the U.S. dollar. For the three months ended March 31, 2025, the decrease in the accumulated other comprehensive loss related to foreign currency translation adjustments was driven primarily by the appreciation of the euro, British pound and Brazilian real against the U.S. dollar. 2 For the three months ended March 31, 2026, the increase in the accumulated other comprehensive income related to the net investment hedges was driven primarily by the depreciation of the euro against the U.S. dollar. For the three months ended March 31, 2025, the decrease in the accumulated other comprehensive income related to the net investment hedges was driven primarily by the appreciation of the euro against the U.S. dollar. See Note 16 (Derivative and Hedging Instruments) for additional information. 3 Represents foreign exchange derivative contracts designated as cash flow hedging instruments. Gains and losses resulting from changes in the fair value of these contracts are deferred in accumulated other comprehensive income (loss) and subsequently reclassified to the consolidated statements of operations when the underlying hedged transactions impact earnings. See Note 16 (Derivative and Hedging Instruments) for additional information.

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