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Derivative Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 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 consolidated statements of financial position as of December 31:
(in millions) |  |  |  | 2024 |  | 2023
Designation of Derivatives |  | Location on Statement of Financial Position |  | Assets |  | Liabilities |  | Assets |  | Liabilities
Foreign exchange forward and option contracts – Designated as cash flow hedging instruments |  | Other current assets |  | $ | 1 |  |  | $ | — |  |  | $ | 14 |  |  | $ | — |
|  | Other noncurrent assets |  | — |  |  | — |  |  | 5 |  |  | — |
|  | Accrued expenses and other current liabilities |  | — |  |  | 22 |  |  | — |  |  | 5 |
|  | Other noncurrent liabilities |  | — |  |  | 13 |  |  | — |  |  | 1 |
|  | Total |  | 1 |  |  | 35 |  |  | 19 |  |  | 6 |
Foreign exchange forward contracts - Not designated as hedging instruments |  | Other current assets |  | 1 |  |  | — |  |  | 1 |  |  | — |
|  | Accrued expenses and other current liabilities |  | — |  |  | 2 |  |  | — |  |  | 9 |
|  | Total |  | 1 |  |  | 2 |  |  | 1 |  |  | 9 |
Total |  |  |  | $ | 2 |  |  | $ | 37 |  |  | $ | 20 |  |  | $ | 15 |
Notional Value Of Outstanding Cash Flow Hedge Contracts By Year Of Maturity And Net Unrealized (Loss) Gain Included In Accumulated Other Comprehensive Income (Loss) | The notional value of the outstanding contracts by year of maturity was as follows as of December 31:
(in millions) | 2024 |  | 2023
2024 | $ | — |  |  | $ | 1,878 |
2025 | 2,010 |  |  | 1,020 |
2026 | 920 |  |  | — |
Total notional value of contracts outstanding (1) | $ | 2,930 |  |  | $ | 2,898 |
(1)Includes $45 million notional value of option contracts as of December 31, 2023, with the remaining notional value related to forward contracts. There were no option contracts outstanding as of December 31, 2024.
Location And Amounts Of Pre-Tax Gains (Losses) On Cash Flow Hedge Derivative Financial Instruments | The following table provides information on the location and amounts of pre-tax gains and losses on our cash flow hedges for the year ended December 31:
(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)
| 2024 |  | 2023 |  |  |  | 2024 |  | 2023
Foreign exchange forward and option contracts – Designated as cash flow hedging instruments | $ | (35) |  |  | $ | 55 |  |  | Cost of revenues |  | $ | 11 |  |  | $ | (23) |
|  |  |  |  | SG&A expenses |  | 1 |  |  | (3) |
|  |  |  |  | Total |  | $ | 12 |  |  | $ | (26) |
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 as of December 31:
(in millions) | 2024 |  | 2023
| Notional |  | Fair Value |  | Notional |  | Fair Value
Contracts outstanding | $ | 489 |  |  | $ | (1) |  |  | $ | 1,317 |  |  | $ | (8) |
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 year ended December 31:
(in millions) |  | Location of Net Gain (Losses) on Derivative Instruments |  | Amount of Net Gains (Losses) on Derivative Instruments
|  |  |  | 2024 |  | 2023
Foreign exchange forward contracts - Not designated as hedging instruments |  | Foreign currency exchange gains (losses), net |  | $ | 10 |  |  | $ | (40) |

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