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Interim Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Comprehensive Income [Abstract]    
Net income $ 344 $ 201 [1]
Other comprehensive (loss) income, net of income tax:    
Currency translation adjustment (28) 77
Unrealized gains (losses) on hedging activities 2 (7)
Tax (expense) benefit on unrealized gains (losses) on hedging activities (1) 2
Less: Reclassification adjustment for losses on hedging activities included in cost of net revenues and financial expenses, interest expense and other financial losses and foreign currency losses, net (3) (2)
Less: Reclassification adjustment for estimated tax benefit on unrealized losses 1 1
Total other comprehensive (loss) income, net of income tax (25) 73
Total comprehensive income $ 319 $ 274
[1] Recast for consistency with the current presentation due to the change in the presentation of certain financial results. Please refer to Note 2 – Summary of significant accounting policies - Change in the presentation of certain financial results and reclassification of prior year results.