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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Location And Fair Values Of Derivative Financial Instruments In Our Condensed Consolidated Statements Of Financial Position
The following table provides information on the location and fair values of derivative financial instruments included in our unaudited consolidated statements of financial position as of:
 (in millions) September 30, 2024December 31, 2023
Designation of DerivativesLocation on Statement of
Financial Position		AssetsLiabilitiesAssets  Liabilities
Foreign exchange forward and option contracts – Designated as cash flow hedging instrumentsOther current assets$20 $— $14 $— 
Other noncurrent assets2 — 5 — 
Accrued expenses and other current liabilities— 1 — 5 
Other noncurrent liabilities— 2 — 1 
Total22 3 19 6 
Foreign exchange forward contracts – Not designated as hedging instrumentsOther current assets3 — 1 — 
Accrued expenses and other current liabilities— 2 — 9 
Total3 2 1 9 
Total$25 $5 $20 $15 
Notional value of outstanding contracts by year of maturity
The notional value of the outstanding contracts by year of maturity was as follows:
(in millions)September 30, 2024December 31, 2023
2024603 $1,878 
20251,725 1,020 
2026595 — 
Total notional value of contracts outstanding (1)
$2,923 $2,898 
Location And Amounts Of Pre-Tax Gains (Losses) on Cash Flow Hedges
The following table provides information on the location and amounts of pre-tax gains and losses on our cash flow hedges for the three months ended September 30:
 (in millions)
Change in
Derivative Gains and Losses Recognized
in Accumulated Other
Comprehensive Income (Loss)
(effective portion)
Location of Net Gains (Losses) Reclassified
from Accumulated Other
Comprehensive Income (Loss)
into Income
(effective portion)
Net Gains (Losses) Reclassified
from Accumulated Other
Comprehensive Income (Loss)
into Income
(effective portion)
 20242023 20242023
Foreign exchange forward and option contracts – Designated as cash flow hedging instruments$(13)$(24)Cost of revenues$5 $(4)
SG&A expenses
— (1)
Total$5 $(5)
Additional Information Related To Outstanding Contracts Not Designated As Hedging Instruments
Additional information related to the outstanding foreign exchange forward contracts not designated as hedging instruments was as follows:
(in millions)September 30, 2024December 31, 2023
NotionalFair ValueNotionalFair Value
Contracts outstanding$1,026 $1 $1,317 $(8)
Location And Amounts Of Pre-Tax Gains (Losses) On Derivative Financial Instruments Not Designated As Hedges
The following table provides information on the location and amounts of realized and unrealized pre-tax gains and losses on the other derivative financial instruments for the three and nine months ended September 30:
Location of Net Gains (Losses) on Derivative Instruments
Amount of Net Gains (Losses) on Derivative Instruments
Three Months Ended September 30,Nine Months Ended September 30,
  (in millions)2024202320242023
Foreign exchange forward contracts – Not designated as hedging instrumentsForeign currency exchange gains (losses), net$14 $23 $42 $(1)