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Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Derivatives Included in the Consolidated Balance Sheet | A summary of the amounts included in the Consolidated Balance Sheet relating to cross currency interest rate swaps was as follows:
| (Stated in millions) |
| Mar. 31, 2024 |  |  | Dec. 31, 2023 |
Accounts payable and accrued liabilities | $ | 11 |  |  | $ | - |
Other Assets | $ | 17 |  |  | $ | 36 |
Other Liabilities | $ | 98 |  |  | $ | 67 |
Effect of Derivative Instruments Designated as Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of Income | The effect of derivative instruments designated as cash flow hedges, and those not designated as hedges, on the Consolidated Statement of Income was as follows:
| (Stated in millions) |  |  |
| Gain (Loss) Recognized in Income |  |  |
| First Quarter |  |  |
| 2024 |  |  | 2023 |  |  | Consolidated Statement of Income Classification
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |
Cross-currency interest rate swaps | $ | (94 | ) |  | $ | 95 |  |  | Cost of services/sales
Cross-currency interest rate swaps |  | (21 | ) |  |  | (22 | ) |  | Interest expense
Commodity contracts |  | (3 | ) |  |  | 2 |  |  | Revenue
Foreign exchange contracts |  | - |  |  |  | 3 |  |  | Cost of services/sales
Foreign exchange contracts |  | 3 |  |  |  | - |  |  | Revenue
| $ | (115 | ) |  | $ | 78 |  |  |
Derivatives not designated as hedges: |  |  |  |  |  |  |
Foreign exchange contracts | $ | 5 |  |  | $ | 1 |  |  | Cost of services/sales

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
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