v3.25.4
Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 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:
December 31, 2025
Derivative AssetsDerivative Liabilities
(In millions)Notional AmountBalance Sheet CaptionFair ValueBalance Sheet CaptionFair Value
Derivatives designated as hedges
Cross-currency swap agreements$284 Other current assets$— Other current liabilities$(32)
Cross-currency swap agreements369 Other long-term liabilities— Other long-term liabilities(44)
Interest rate swaps550 Other current assets— Other current liabilities(2)
Total$— $(78)
December 31, 2024
Derivative AssetsDerivative Liabilities
(In millions)Notional AmountBalance Sheet CaptionFair ValueBalance Sheet CaptionFair Value
Derivatives designated as hedges
Cross-currency swap agreements$652 Other long-term assets$7 Other long-term liabilities$(5)
Interest rate swaps200 Other current assets— Other current liabilities— 
Total$7 $(5)
Schedule of Gains and Losses Recognized on Consolidated Statements of Operations for Derivative Instruments
The effect of derivative and nonderivative instruments designated as hedges on our Consolidated Statements of Income was as follows:
Amount of Gain (Loss) Recognized in Other Comprehensive Loss on DerivativesAmount of Gain Reclassified from AOCI into Net IncomeAmount of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
Years Ended December 31,
(In millions)202520242023202520242023202520242023
Derivatives designated as cash flow hedges
Interest rate swaps$(2)$2 $(1)$2 $1 $3 $— $— $— 
Derivatives designated as net investment
hedges
Cross-currency swap agreements(79)36 (21)— — — 10 9 9 
Total$(81)$38 $(22)$2 $1 $3 $10 $9 $9