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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Classification and Fair Value of Derivative Instruments

The following table summarizes the classification and fair values of derivative instruments, including the potential effect of offsetting:

						December 31, 2022
						Derivative Assets												Derivative Liabilities
(in millions)						Classification						Fair Value						Classification						Fair Value
Derivatives designated as hedges:
Foreign currency exchange contracts						Prepaid and other current assets						$	59					Other current liabilities						$	26
Foreign currency exchange contracts						Other long-term assets						1						Other long-term obligations						9
Total derivatives designated as hedges												59												35
Derivatives not designated as hedges:
Foreign currency exchange contracts						Prepaid and other current assets						1						Other current liabilities						7
Total derivatives not designated as hedges												1												7
Total derivatives presented gross on the Consolidated Balance Sheets												$	60											$	42
Gross amounts not offset on the Consolidated Balance Sheets:
Derivative financial instruments												(36)												(36)
Cash collateral received / pledged												—												—
Net amount (legal offset)												$	25											$	7

						December 31, 2021
						Derivative Assets												Derivative Liabilities
(in millions)						Classification						Fair Value						Classification						Fair Value
Derivatives designated as hedges:
Foreign currency exchange contracts						Prepaid and other current assets						$	75					Other current liabilities						$	4
Foreign currency exchange contracts						Other long-term assets						5						Other long-term obligations						1
Total derivatives designated as hedges												80												5
Derivatives not designated as hedges:
Foreign currency exchange contracts						Prepaid and other current assets						—						Other current liabilities						—
Total derivatives not designated as hedges												—												—
Total derivatives presented gross on the Consolidated Balance Sheets												$	80											$	5
Gross amounts not offset on the Consolidated Balance Sheets:
Derivative financial instruments												(4)												(4)
Cash collateral received / pledged												—												—
Net amount (legal offset)												$	76											$	1

Summary of Effect of Foreign Currency Exchange Contracts

The following table summarizes the effect of our derivative contracts on our Consolidated Financial Statements:

						Year Ended December 31,
(in millions)						2022						2021						2020
Derivatives designated as hedges:
Gain (loss) recognized in Accumulated other comprehensive income						$	150					$	147					$	(118)
Gain (loss) reclassified from Accumulated other comprehensive income to Product sales						$	196					$	(67)					$	47
Derivatives not designated as hedges:
Gain (loss) recognized in Other income (expense), net						$	67					$	21					$	(51)

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- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

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