XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.25.3

Financial Instruments and Hedging Activities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
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, 2025 |  | December 31, 2024 |  | Balance Sheet Classification |  | September 30, 2025 |  | December 31, 2024
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |
Foreign currency | Prepaid expenses and other current assets |  | $ | 5 |  |  | $ | 125 |  |  | Accrued payroll and other liabilities |  | $ | (152) |  |  | $ | (1) |
Interest rate | Prepaid expenses and other current assets |  | — |  |  | 34 |  |  | Accrued payroll and other liabilities |  | (1) |  |  | (6) |
Foreign currency | Miscellaneous other assets |  | 4 |  |  | 40 |  |  | Other long-term liabilities |  | (16) |  |  | — |
Interest rate | Miscellaneous other assets |  | — |  |  | — |  |  | Other long-term liabilities |  | (19) |  |  | (34) |
Total derivatives designated as hedging instruments |  | $ | 9 |  |  | $ | 199 |  |  |  |  | $ | (188) |  |  | $ | (41) |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |
Equity | Prepaid expenses and other current assets |  | $ | — |  |  | $ | 135 |  |  | Accrued payroll and other liabilities |  | $ | — |  |  | $ | — |
Foreign currency | Prepaid expenses and other current assets |  | — |  |  | — |  |  | Accrued payroll and other liabilities |  | (3) |  |  | — |
Equity | Miscellaneous other assets |  | 103 |  |  | — |  |  |  |  |  |  |
Total derivatives not designated as hedging instruments |  | $ | 103 |  |  | $ | 135 |  |  |  |  | $ | (3) |  |  | $ | — |
Total derivatives |  | $ | 112 |  |  | $ | 334 |  |  |  |  | $ | (191) |  |  | $ | (41) |
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, 2025 and 2024, 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 |  |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024
Foreign currency | Nonoperating income/expense |  |  | $ | (165) |  |  |  | $ | (25) |  |  |  | $ | (24) |  |  |  | $ | (10) |  |  |  |  |  |  |
Interest rate | Interest expense |  |  | (10) |  |  |  | 7 |  |  |  | 1 |  |  |  | 1 |  |  |  |  |  |  |
Cash flow hedges |  |  | $ | (175) |  |  |  | $ | (18) |  |  |  | $ | (23) |  |  |  | $ | (9) |  |  |  |  |  |  |
Foreign currency denominated debt | Nonoperating income/expense |  |  | $ | (1,562) |  |  |  | $ | (133) |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency derivatives | Nonoperating income/expense |  |  | (225) |  |  |  | (18) |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency derivatives(1) | Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 46 |  |  |  | $ | 32 |
Net investment hedges |  |  | $ | (1,787) |  |  |  | $ | (151) |  |  |  |  |  |  |  |  |  | $ | 46 |  |  |  | $ | 32 |
Foreign currency | Nonoperating income/expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (9) |  |  |  | $ | (10) |
Equity | Selling, general & administrative expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10 |  |  |  | (2) |
Undesignated derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1 |  |  |  | $ | (12) |
(1)The amount of gain (loss) recognized in income related to components excluded from effectiveness testing.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: 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 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: 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 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration