XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.25.2

Derivative Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments Measured at Fair Value in Consolidated Balance Sheet | The fair value of our derivative instruments and the related notional amounts were as follows:
|  | June 30, 2025
|  |  |  | Derivative Assets |  | Derivative Liabilities
(In millions) |  | Notional Amount |  | Balance Sheet Caption |  | Fair Value |  | Balance Sheet Caption |  | Fair Value
Derivatives designated as hedges |  |  |  |  |  |  |  |  |  |
Cross-currency swap agreements |  | $ | 284 |  |  | Other current assets |  | $ | — |  |  | Other current liabilities |  | $ | (34) |
Cross-currency swap agreements |  | 369 |  |  | Other long-term assets |  | — |  |  | Other long-term liabilities |  | (48) |
Interest rate swaps |  | 550 |  |  | Other long-term assets |  | — |  |  | Other long-term liabilities |  | (1) |
Total |  |  |  |  |  | $ | — |  |  |  |  | $ | (82) |
|  | December 31, 2024
|  |  |  | Derivative Assets |  | Derivative Liabilities
(In millions) |  | Notional Amount |  | Balance Sheet Caption |  | Fair Value |  | Balance Sheet Caption |  | Fair Value
Derivatives designated as hedges |  |  |  |  |  |  |  |  |  |
Cross-currency swap agreements |  | $ | 652 |  |  | Other long-term assets |  | $ | 7 |  |  | Other long-term liabilities |  | $ | (5) |
Interest rate swaps |  | 200 |  |  | Other current assets |  | — |  |  | Other current liabilities |  | — |
Total |  |  |  |  |  | $ | 7 |  |  |  |  | $ | (5) |
Schedule of Gains and Losses Recognized on Consolidated Statements of Operations for Derivate Instruments | The effect of derivative and nonderivative instruments designated as hedges on our Condensed Consolidated Statements of Income was as follows:
|  | Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives |  | Amount of Gain Reclassified from AOCI into Net Income |  | Amount of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
|  | Three Months Ended June 30,
(In millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
Derivatives designated as cash flow hedges |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Derivatives designated as net investment hedges |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swap agreements |  | (59) |  |  | 5 |  |  | — |  |  | — |  |  | 3 |  |  | 2 |
Total |  | $ | (59) |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | 2 |
|  | Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives |  | Amount of Gain Reclassified from AOCI into Net Income |  | Amount of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
|  | Six Months Ended June 30,
(In millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
Derivatives designated as cash flow hedges |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | (1) |  |  | $ | 2 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |
Derivatives designated as net investment hedges |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swap agreements |  | (84) |  |  | 18 |  |  | — |  |  | — |  |  | 5 |  |  | 5 |
Total |  | $ | (85) |  |  | $ | 21 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 5 |  |  | $ | 5 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -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 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration