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DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2026

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:

						June 30, 2026
(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						$	59					$	6					$	66					$	15					$	—					$	16
Foreign currency exchange contracts not designated as hedges						16						—						16						2						—						2
Total derivatives presented gross on the Condensed Consolidated Balance Sheets																		$	82																	$	18
Total derivatives not offset on the Condensed Consolidated Balance Sheets																		(17)																		(17)
Net amount (legal offset)																		$	65																	$	1

						December 31, 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						$	18					$	2					$	20					$	62					$	3					$	65
Foreign currency exchange contracts not designated as hedges						36						—						36						7						—						7
Total derivatives presented gross on the Condensed Consolidated Balance Sheets																		$	56																	$	72
Total derivatives not offset on the Condensed Consolidated Balance Sheets																		(40)																		(40)
Net amount (legal offset)																		$	16																	$	32

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												Six Months Ended
						June 30,												June 30,
(in millions)						2026						2025						2026						2025
Derivatives designated as hedges:
Net gain (loss) recognized in Accumulated other comprehensive income						$	19					$	(170)					$	64					$	(216)
Net (loss) gain reclassified from Accumulated other comprehensive income into Product sales						$	(18)					$	19					$	(42)					$	40
Derivatives not designated as hedges:
Net (loss) gain recognized in Other (income) expense, net						$	(2)					$	(22)					$	1					$	(28)

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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
-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
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-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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-Topic 815
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-Paragraph 4A
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-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Section 50
-Paragraph 4A
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

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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://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
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-Paragraph 4A
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

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-Topic 815
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-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

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