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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2025
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) June 30, 2025December 31, 2024
Designation of DerivativesLocation on Statement of
Financial Position
AssetsLiabilitiesAssets  Liabilities
Foreign exchange forward and option contracts – Designated as cash flow hedging instrumentsOther current assets$11 $— $$— 
Other noncurrent assets— — — 
Accrued expenses and other current liabilities— — 22 
Other noncurrent liabilities— — 13 
Total20 35 
Foreign exchange forward contracts – Not designated as hedging instrumentsOther current assets— — 
Accrued expenses and other current liabilities— — 
Total
Total$25 $10 $$37 
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)June 30, 2025December 31, 2024
2025$1,185 $2,010 
20261,510 920 
2027340 — 
Total notional value of contracts outstanding
$3,035 $2,930 
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)June 30, 2025December 31, 2024
NotionalFair ValueNotionalFair Value
Contracts outstanding$940 $(2)$489 $(1)
Location And Amounts Of Pre-Tax Gains (Losses) On Derivative Financial Instruments Not Designated As Hedges
The following table provides information on the location and amounts of realized and unrealized pre-tax gains and losses on the other derivative financial instruments for the three and six months ended June 30:
Location of Net Gains (Losses) on Derivative Instruments
Amount of Net Gains (Losses) on Derivative Instruments
Three Months Ended June 30,Six Months Ended June 30,
  (in millions)2025202420252024
Foreign exchange forward contracts – Not designated as hedging instrumentsForeign currency exchange gains (losses), net$(7)$(3)$(8)$28