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Risk Management (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Largest Notional Amounts of the Positions to Buy or Sell Foreign Currency

The following table shows the Company's five largest net notional amounts of the positions to buy or sell foreign currency as of December 31, 2024 and the corresponding positions as of December 31, 2023:

			Notional Amount
Net Buy (Sell) by Currency			2024						2023
Euro			$	150					$	322
Australian dollar			(136)						(140)
British pound			124						252
Canadian dollar			70						76
Chinese renminbi			(48)						(66)

Summary of Fair Values and Location in Condensed Consolidated Balance Sheet

The following tables summarize the fair values and location in the Consolidated Balance Sheet of all derivative financial instruments held by the Company at December 31, 2024 and 2023:

			Fair Values of Derivative Instruments
December 31, 2024			Other Current Assets						Accrued Liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts			$	7					$	—
Derivatives not designated as hedging instruments:
Foreign exchange contracts			$	3					$	9
Equity swap contracts			$	—					$	1
Total derivatives			$	10					$	10

			Fair Values of Derivative Instruments
December 31, 2023			Other Current Assets						Accrued Liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts			$	1					$	3
Treasury rate lock			—						12
Derivatives not designated as hedging instruments:
Foreign exchange contracts			12						1
Equity swap contracts			1						—
Total derivatives			$	14					$	16

Summary of Derivative Instruments and the Effect on the Condensed Consolidated Statements of Operations

The following table summarizes the effect of derivatives on the Company's consolidated financial statements for the years ended December 31, 2024, 2023 and 2022: 

			Financial Statement Location
						2024						2023						2022
Derivatives designated as hedging instruments:
Foreign exchange contracts			Accumulated other comprehensive income (loss)			$	9					$	(4)					$	12
Forward points recognized			Other income (expense)			2						3						2
Treasury rate lock settlement			Accumulated other comprehensive income (loss)			4						(12)						—
Amortization of treasury rate lock			Other income (expense)			(1)						—						—
Derivatives not designated as hedging instruments:
Foreign exchange contracts			Other income (expense)			$	(19)					$	20					$	(61)
Equity swap contracts			Selling, general and administrative expenses			3						1						—

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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