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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Outstanding Derivative Positions | The following table summarizes the fair value of outstanding cross-currency swaps as of September 30, 2025 and December 31, 2024 (dollars in millions):
|  | Derivative Assets |  | Derivative Liabilities
|  | Balance Sheet Line Item |  | Fair Value |  | Balance Sheet Line Item |  | Fair Value
|  |  | September 30, 2025 |  | December 31, 2024 |  |  | September 30, 2025 |  | December 31, 2024
Derivatives designated as hedging instruments (1) |  |  |  |  |  |  |  |  |  |  |  |
Fair Value Hedge |  | Other current assets |  | $ | 3 |  |  | $ | 8 |  |  | Other current liabilities |  | $ | 1 |  |  | $ | — |
Fair Value Hedge |  | Other assets |  | 1 |  |  | 12 |  |  | Other liabilities |  | 53 |  |  | — |
Subtotal |  |  |  | 4 |  |  | 20 |  |  |  |  | 54 |  |  | — |
Net Investment Hedge |  | Other current assets |  | 45 |  |  | 18 |  |  | Other current liabilities |  | — |  |  | — |
Net Investment Hedge |  | Other assets |  | 1 |  |  | 5 |  |  | Other liabilities |  | 400 |  |  | — |
Subtotal |  |  |  | 46 |  |  | 23 |  |  |  |  | 400 |  |  | — |
Total Derivatives designated as Hedging |  |  |  | $ | 50 |  |  | $ | 43 |  |  |  |  | $ | 454 |  |  | $ | — |
________________________________________________________________________________________________________________________________________ (1)As of September 30, 2025 and December 31, 2024, the gross notional amount of currency swaps designated as fair value hedges was $479 million and $346 million, respectively; and the gross notional amount of currency swaps designated as net investment hedges was $3.7 billion and $1.0 billion, respectively.
Schedule of Impact of the Outstanding Derivatives in Accumulated Other Comprehensive Loss | The following table summarizes the impact of the outstanding net investment hedges in AOCL and the pre-tax impact on the consolidated statement of operations for the three and nine months ended September 30, 2025 (dollars in millions):
|  | Three Months Ended September 30, 2025 |  | Nine Months Ended September 30, 2025
Derivative instruments designated as net investment hedges: |  |  |  |
Losses recognized in AOCL on cross-currency swaps |  | $ | (81) |  |  | $ | (377) |
Gains recognized in income (amount excluded from effectiveness testing): |  |  |  |
Interest expense, net of interest income |  | $ | (14) |  |  | $ | (32) |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
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