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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary Of Notional Amounts | The following table presents the notional amounts of the Company’s outstanding derivative instruments
| Notional Amount as of December 31,
| 2022 | 2021
| (In millions)
Designated as hedging instrument |  |
Foreign exchange contracts | 109 |  | 89 |
Interest rate swap contracts | 229 |  | — |
Cross currency swap contracts | 133 |  | 94 |
Not designated as hedging instrument |  |
Foreign exchange contracts | 110 |  | — |
Interest rate swap contracts | 480 |  | 249 |
Cross currency swap contracts | — |  | 160 |
Summary Of Outstanding Derivative Instruments | The fair values of the Company’s outstanding derivative instruments as of December 31, 2022 and December 31, 2021 were as follows:
|  |  | December 31,
| Balance sheet location |  | 2022 |  | 2021
|  |  | (In millions)
Derivative Instruments |  |  |  |  |
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 designated as net investment hedge | Other non-current assets |  | — |  |  | 7 |
Cross currency swap contracts designated as net investment hedge | Other current liabilities |  | 2 |  |  | — |
Cross currency swap contracts not designated as hedging instruments | Other current liabilities |  | — |  |  | 5 |
Interest rate swap contracts designated as cash flow hedges | Other current liabilities |  | 8 |  |  | — |
Cross currency swap contracts designated as fair value hedge | Other current liabilities |  | 2 |  |  | — |
Interest rate swap contracts not designated as hedging instruments | Other current liabilities |  | 1 |  |  | — |
Foreign exchange contracts not designated as hedging instruments | Other current liabilities |  | 2 |  |  | — |
Foreign exchange contracts designated as cash flow hedges | Other current liabilities |  | 2 |  |  | 1 |
Interest rate swap contracts not designated as hedging instruments | Other non-current liabilities |  | 6 |  |  | — |
Cross currency swap contracts designated as net investment hedge | Other non-current liabilities |  | 1 |  |  | — |
Effect Of Derivative Contracts On Comprehensive Income | The effects of derivative contracts on the Consolidated Statement of Comprehensive Income as of December 31, 2022 and December 2021 were as follows:
| December 31, 2021 |  | Amount of loss recognized in other comprehensive loss |  | Amount of loss reclassified from accumulated other comprehensive loss (income) |  | December 31, 2022
| (In millions)
Foreign exchange contracts designated as cash flow hedges | 1 |  |  | (12) |  |  | 9 |  |  | (2) |
Interest swap contracts designated as cash flow hedges | — |  |  | (9) |  |  | 7 |  |  | (2) |
Cross currency swap contracts designated as net investment hedge | 7 |  |  | (12) |  |  | 4 |  |  | (1) |
| 8 |  |  | (33) |  |  | 20 |  |  | (5) |
Effect Of Derivative Contracts On Income Statement | The effects of derivative contracts not designated as hedging instruments on the Consolidated Statement of Income during the years ended December 31, 2022, 2021 and 2020 were as follows:
| Years ended December 31,
| 2022 |  | 2021 |  | 2020
| (In millions)
Foreign exchange contracts not designated as hedging instruments recognized in foreign exchange, net | (10) |  |  | (2) |  |  | 2 |
Currency swap contracts not designated as hedging instruments recognized in foreign exchange, net | (29) |  |  | 2 |  |  | — |
Interest rate contracts not designated as hedging instruments recognized in interest and other, net | (7) |  |  | — |  |  | — |

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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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