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Fair Value Measurements and Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Derivative Instruments and Other Financial Instruments

The following table summarizes the fair value of the Company’s derivative instruments and other financial instruments which are carried at fair value in the Company’s Condensed Consolidated Balance Sheets at March 31, 2026 and December 31, 2025:

			Assets																					Liabilities
			Account									Fair Value															Account									Fair Value
Designated derivative instruments												March 31, 2026									December 31, 2025																		March 31, 2026									December 31, 2025
Foreign currency contracts			Other current assets									$	30								$	18								Other accruals									$	35								$	22
Commodity contracts			Other current assets									—									—									Other accruals									1									—
Total designated												$	30								$	18																	$	36								$	22
Other financial instruments
Marketable securities			Other current assets									$	84								$	107
Total other financial instruments												$	84								$	107

Schedule of Notional Values

The following tables present the notional values as of:

			March 31, 2026
			Foreign Currency Contracts						Foreign Currency Debt																		Commodity Contracts						Total
Fair Value Hedges			$	2,045					$	—																	$	—					$	2,045
Cash Flow Hedges			1,140						—																		17						1,157
Net Investment Hedges			360						4,202																		—						4,562

			December 31, 2025
			Foreign Currency Contracts						Foreign Currency Debt																		Commodity Contracts						Total
Fair Value Hedges			$	2,093					$	—																	$	—					$	2,093
Cash Flow Hedges			1,106						—																		16						1,122
Net Investment Hedges			336						3,942																		—						4,278

Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)

The following table presents the amount of gain (loss) on net investment hedges recognized in the Company’s AOCI for the three months ended March 31, 2026 and 2025:

						Gain (Loss) Recognized in AOCI
						Three Months Ended March 31,
						2026						2025
Hedging instruments:
Foreign currency contracts						$	1					$	(7)
Foreign currency debt						109						(167)
Total Gain (Loss) on Net Investment Hedges						$	110					$	(174)

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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-Topic 815
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Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in net investment hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period.

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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