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Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 2022
Derivative Instruments [Abstract] |
Summary Of Notional Amounts |
|  | Notional Amount as of |  | Notional Amount as of
|  | June 30, 2022 |  | December 31, 2021
|  | (In millions)
Designated as hedging instrument |  |  |  |
Foreign exchange contracts | $ | 82 | $ | 89
Interest rate contracts | $ | 228 | $ | —
Cross currency swap contracts | $ | 96 | $ | 94
Not designated as hedging instrument |  |  |  |
Foreign exchange contracts | $ | 82 | $ | —
Interest rate contracts | $ | 345 | $ | 249
Cross currency swap contracts | $ | 160 | $ | 160
Summary Of Outstanding Derivative Instruments |
|  |  |  |  | June 30, |  |  | December 31,
|  | Balance sheet location |  |  | 2022 |  |  | 2021
|  |  |  | (In millions)
Derivatives |  |  |  |  |  |  |  |
Foreign exchange contracts not designated as hedging instruments |  | Other current Assets |  | $ | 2 |  | $ | —
Interest rate contracts designated as cash flow hedges |  | Other current Assets |  |  | 1 |  |  | —
Cross currency swap contracts designated as net investment hedge |  | Other non-current Assets |  |  | 1 |  |  | 7
Cross currency swap contracts not designated as hedging instruments |  | Other current Assets |  |  | — |  |  | 8
Foreign exchange contracts designated as cash flow hedges |  | Other current Assets |  |  | 1 |  |  | 2
Interest rate contracts not designated as hedging instruments |  | Other current Assets |  |  | 1 |  |  | —
Cross currency swap contracts not designated as hedging instruments |  | Other current Liabilities |  |  | 12 |  |  | 5
Cross currency swap contracts designated as net investment hedge |  | Other non-current Liabilities |  |  | 3 |  |  | —
Interest rate contracts designated as cash flow hedges |  | Other current Liabilities |  |  | 2 |  |  | —
Foreign exchange contracts designated as cash flow hedges |  | Other current Liabilities |  |  | 4 |  |  | 1
Effect Of Derivative Contracts On Comprehensive Income |
|  |  |  |  |  |  |  | Amount of |  | Amount of loss reclassified |  |
|  |  |  |  | December 31, |  |  | gains recognized |  | from accumulated |  | June 30,
|  |  |  |  | 2021 |  |  | in other comprehensive loss |  | other comprehensive loss |  | 2022
|  |  |  |  | (In millions)
Foreign exchange contracts designated as cash flow hedges |  |  |  |  | $ 1 |  |  | $ (9) |  | $ 4 |  | $ (4)
Interest Swap Contracts designated as cash flow hedges |  |  |  |  | — |  |  | (6) |  | 1 |  | (5)
Cross currency swap contract designated as net investment hedge |  |  |  |  | 7 |  |  | (9) |  | 4 |  | 2
|  |  |  |  | 8 |  |  | (24) |  | 9 |  | (7)
Effect Of Derivative Contracts On Income Statement |
|  | Six Months Ended June 30, |  |  | Three Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
|  | (In millions) |  |  | (In millions)
Foreign exchange contracts not designated as hedging instruments recognized in foreign exchange losses, net | $ | — |  | $ | (11) |  | $ | 5 |  | $ | (30)
Currency Swap contracts not designated as hedging instruments recognized in foreign exchange losses, net |  | (22) |  |  | — |  |  | 10 |  |  | —

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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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 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: 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 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
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