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Derivative Financial Instruments (Tables)
 12 Months Ended
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) 20242023
Designation of DerivativesLocation on Statement of
Financial Position		AssetsLiabilitiesAssetsLiabilities
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 
Total1 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 
Total1 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)20242023
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)
 20242023 20242023
Foreign exchange forward and option contracts – Designated as cash flow hedging instruments
$(35)$55 Cost of revenues$11 $(23)
SG&A expenses1 (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)20242023
NotionalFair ValueNotionalFair 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
  20242023
Foreign exchange forward contracts - Not designated as hedging instruments
Foreign currency exchange gains (losses), net
$10 $(40)