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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Sep. 30, 2025
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:
|  | September 30, 2025
(in millions) |  | Prepaid and other current assets |  | Other long-term assets |  | Total Derivative Assets |  | Other current liabilities |  | Other long-term liabilities |  | Total Derivative Liabilities
Foreign currency exchange contracts designated as hedges |  | $ | 10 |  |  | $ | 2 |  |  | $ | 12 |  |  | $ | 84 |  |  | $ | 2 |  |  | $ | 85 |
Foreign currency exchange contracts not designated as hedges |  | 19 |  |  | — |  |  | 19 |  |  | 6 |  |  | — |  |  | 6 |
Total derivatives presented gross on the Condensed Consolidated Balance Sheets |  |  |  |  |  | $ | 31 |  |  |  |  |  |  | $ | 92 |
Total derivatives not offset on the Condensed Consolidated Balance Sheets |  |  |  |  |  | (29) |  |  |  |  |  |  | (29) |
Net amount (legal offset) |  |  |  |  |  | $ | 2 |  |  |  |  |  |  | $ | 63 |
|  | December 31, 2024
(in millions) |  | Prepaid and other current assets |  | Other long-term assets |  | Total Derivative Assets |  | Other current liabilities |  | Other long-term liabilities |  | Total Derivative Liabilities
Foreign currency exchange contracts designated as hedges |  | $ | 90 |  |  | $ | 10 |  |  | $ | 100 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Foreign currency exchange contracts not designated as hedges |  | 28 |  |  | — |  |  | 28 |  |  | 3 |  |  | — |  |  | 3 |
Total derivatives presented gross on the Condensed Consolidated Balance Sheets |  |  |  |  |  | $ | 128 |  |  |  |  |  |  | $ | 3 |
Total derivatives not offset on the Condensed Consolidated Balance Sheets |  |  |  |  |  | (3) |  |  |  |  |  |  | (3) |
Net amount (legal offset) |  |  |  |  |  | $ | 125 |  |  |  |  |  |  | $ | — |
Summary of Effect of Derivative Contracts | The following table summarizes the effect of our derivative contracts on our Condensed Consolidated Financial Statements:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Derivatives designated as hedges: |  |  |  |  |  |  |  |
Net gain (loss) recognized in Accumulated other comprehensive income |  | $ | 44 |  |  | $ | (70) |  |  | $ | (172) |  |  | $ | 23 |
Net (loss) gain reclassified from Accumulated other comprehensive income into Product sales |  | $ | (15) |  |  | $ | 14 |  |  | $ | 25 |  |  | $ | 19 |
Derivatives not designated as hedges: |  |  |  |  |  |  |  |
Net gain (loss) recognized in Other (income) expense, net |  | $ | 22 |  |  | $ | (2) |  |  | $ | (6) |  |  | $ | 51 |

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