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Interim Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income $ 531 $ 262 [1] $ 875 $ 463 [1]
Other comprehensive (loss) income, net of income tax:        
Currency translation adjustment (270) 98 (298) 175
Unrealized gains (losses) on hedging activities 10 (3) 12 (10)
Tax (expense) benefit on unrealized gains (losses) on hedging activities (3) 1 (4) 3
Less: Reclassification adjustment for (losses) gains on hedging activities included in cost of net revenues and financial expenses, interest expense and other financial losses and foreign currency losses, net 1 0 (2) (2)
Less: Reclassification adjustment for estimated tax benefit on unrealized losses 0 0 1 1
Total other comprehensive (loss) income, net of income tax (264) 96 (289) 169
Total comprehensive income $ 267 $ 358 $ 586 $ 632
[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.