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Financial Instruments and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Values of Derivative Instruments Included on Consolidated Balance Sheet | The following table presents the fair values of derivative instruments included on the condensed consolidated balance sheet:
| Derivative Assets |  | Derivative Liabilities
In millions | Balance Sheet Classification |  | September 30, 2024 |  | December 31, 2023 |  | Balance Sheet Classification |  | September 30, 2024 |  | December 31, 2023
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |
Foreign currency | Prepaid expenses and other current assets |  | $ | 4 |  |  | $ | 9 |  |  | Accrued payroll and other liabilities |  | $ | (79) |  |  | $ | (37) |
Interest rate | Prepaid expenses and other current assets |  | $ | 4 |  |  | $ | 4 |  |  | Accrued payroll and other liabilities |  | $ | — |  |  | $ | (4) |
Foreign currency | Miscellaneous other assets |  | $ | — |  |  | $ | 2 |  |  | Other long-term liabilities |  | $ | (42) |  |  | $ | (14) |
Interest rate | Miscellaneous other assets |  | $ | — |  |  | $ | — |  |  | Other long-term liabilities |  | $ | (39) |  |  | $ | (58) |
Total derivatives designated as hedging instruments |  | $ | 8 |  |  | $ | 15 |  |  |  |  | $ | (160) |  |  | $ | (113) |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |
Equity | Prepaid expenses and other current assets |  | $ | 141 |  |  | $ | — |  |  | Accrued payroll and other liabilities |  | $ | — |  |  | $ | — |
Foreign currency | Prepaid expenses and other current assets |  | $ | — |  |  | $ | 6 |  |  | Accrued payroll and other liabilities |  | $ | (6) |  |  | $ | (5) |
Equity | Miscellaneous other assets |  | $ | — |  |  | $ | 189 |  |  |  |  |  |  |
Total derivatives not designated as hedging instruments |  | $ | 141 |  |  | $ | 195 |  |  |  |  | $ | (6) |  |  | $ | (5) |
Total derivatives |  | $ | 149 |  |  | $ | 210 |  |  |  |  | $ | (166) |  |  | $ | (118) |
Derivatives Pretax Amounts Affecting Income and Other Comprehensive Income | The following table presents the pre-tax amounts from derivative instruments affecting income and AOCI for the nine months ended September 30, 2024 and 2023, respectively:
| Location of gain or loss recognized in income on derivative |  |  | Gain (loss) recognized in AOCI |  |  | Gain (loss) reclassified into income from AOCI |  |  | Gain (loss) recognized in income on derivative
In millions |  |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023
Foreign currency | Nonoperating income/expense |  |  | $ | (25) |  |  |  | $ | 33 |  |  |  | $ | (10) |  |  |  | $ | 15 |  |  |  |  |  |  |
Interest rate | Interest expense |  |  | $ | 7 |  |  |  | $ | 22 |  |  |  | $ | 1 |  |  |  | $ | 1 |  |  |  |  |  |  |
Cash flow hedges |  |  | $ | (18) |  |  |  | $ | 55 |  |  |  | $ | (9) |  |  |  | $ | 16 |  |  |  |  |  |  |
Foreign currency denominated debt | Nonoperating income/expense |  |  | $ | (133) |  |  |  | $ | 157 |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency derivatives | Nonoperating income/expense |  |  | $ | (18) |  |  |  | $ | 65 |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency derivatives(1) | Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 32 |  |  |  | $ | 18 |
Net investment hedges |  |  | $ | (151) |  |  |  | $ | 222 |  |  |  |  |  |  |  |  |  | $ | 32 |  |  |  | $ | 18 |
Foreign currency | Nonoperating income/expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (10) |  |  |  | $ | 7 |
Equity | Selling, general & administrative expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (2) |  |  |  | $ | 5 |
Undesignated derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (12) |  |  |  | $ | 12 |
(1)The amount of gain (loss) recognized in income related to components excluded from effectiveness testing.

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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