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v3.22.2.2

Derivative Instruments (Tables) | 9 Months Ended
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Sep. 30, 2022
Derivative Instruments [Abstract] |
Summary Of Notional Amounts |
|  | Notional Amount as of |  | Notional Amount as of
|  | September 30, 2022 |  | December 31, 2021
|  | (In millions)
Designated as hedging instrument |  |  |  |
Foreign exchange contracts | $ | 91 | $ | 89
Interest rate contracts |  | 221 |  | —
Cross currency swap contracts |  | 133 |  | 94
Not designated as hedging instrument |  |  |  |
Foreign exchange contracts |  | 90 |  | —
Interest rate contracts |  | 450 |  | 249
Cross currency swap contracts |  | 100 |  | 160
Summary Of Outstanding Derivative Instruments |
|  |  |  |  | September 30, |  |  | December 31,
|  | Balance sheet location |  |  | 2022 |  |  | 2021
|  |  |  | (In millions)
Derivatives |  |  |  |  |  |  |  |
Foreign exchange contracts not designated as hedging instruments |  | Other current Assets |  | $ | 2 |  | $ | —
Cross currency swap contracts designated as net investment hedge |  | Other non-current Assets |  |  | — |  |  | 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
Cross currency swap contracts not designated as hedging instruments |  | Other current Liabilities |  |  | 13 |  |  | 5
Cross currency swap contracts designated as net investment hedge |  | Other non-current Liabilities |  |  | 1 |  |  | —
Interest rate contracts designated as cash flow hedges |  | Other current Liabilities |  |  | 9 |  |  | —
Foreign exchange contracts designated as cash flow hedges |  | Other current Liabilities |  |  | 2 |  |  | 1
Interest rate contracts not designated as hedging instruments |  | Other current Liabilities |  |  | 5 |  |  | —
Effect Of Derivative Contracts On Comprehensive Income |
|  |  |  |  |  |  |  | Amount of |  | Amount of loss reclassified |  |
|  |  |  |  | December 31, |  |  | gains recognized |  | from accumulated |  | September 30,
|  |  |  |  | 2021 |  |  | in other comprehensive loss |  | other comprehensive loss |  | 2022
|  |  |  |  | (In millions)
Foreign exchange contracts designated as cash flow hedges |  |  |  |  | $ 1 |  |  | $ (10) |  | $ 7 |  | $ (2)
Interest Swap Contracts designated as cash flow hedges |  |  |  |  | — |  |  | (14) |  | 9 |  | (5)
Cross currency swap contract designated as net investment hedge |  |  |  |  | 7 |  |  | (9) |  | 2 |  | —
Total |  |  |  |  | $ 8 |  |  | $ (33) |  | $ 18 |  | $ (7)
Effect Of Fair Value Hedge Relationships On Income Statement |
|  |  |  | Amount of Gain (Loss) recognized in Income
|  | Income Statement |  | Nine Months Ended September 30, |  | Three Months Ended September 30,
|  | Location |  |  | 2022 |  | 2021 |  | 2022 |  | 2021
Derivative asset |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Rate Swap |  | Interest Expense |  | $ | 1 |  | $ | — |  | $ | 1 |  | $ | —
Derivative asset - Hedged Item |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Rate Swap |  | Interest Expense |  |  | (1) |  |  | — |  |  | (1) |  |  | —
Cumulative Basis Adjustments For Fair Value Hedges |
|  |  |  | Carrying amount of the hedged item |  | Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability
Balance Sheet Location |  |  |  | September 30, 2022 |  | December 31, 2021 |  | 2022 |  | 2021
Loans Payable and other financial liabilities (current) |  |  |  | $ | 57 |  | $ | — |  | $ | (1) |  | $ | —
Effect Of Derivative Contracts On Income Statement |
|  | Nine Months Ended September 30, |  |  | Three Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
|  | (In millions) |  |  | (In millions)
Foreign exchange contracts not designated as hedging instruments recognized in foreign exchange losses, net | $ | — |  | $ | (4) |  | $ | — |  | $ | 7
Currency Swap contracts not designated as hedging instruments recognized in foreign exchange losses, net |  | (23) |  |  | 3 |  |  | (1) |  |  | 3
Interest rate contracts not designated as hedging instruments recognized in interest expense and other financial losses |  | (5) |  |  | — |  |  | (5) |  |  | —

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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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