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DERIVATIVES (Tables) | 12 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Fair Value of Derivative Instruments | The following table presents the fair value of derivative instruments:
| December 31, 2023 |  | December 31, 2022
| Outstanding Gross |  | Other Assets |  | Other |  | Outstanding Gross |  | Other Assets |  | Other
| Notional Amount |  |  | Noncurrent liabilities |  | Notional Amount |  |  | Noncurrent liabilities
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | $ | 1,120 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 1,120 |  |  | $ | 14 |  |  | $ | — |
Cross currency contracts | 120 |  |  | 10 |  |  | — |  |  | 120 |  |  | 17 |  |  | — |
Foreign currency forward contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |
Cross currency contracts | 721 |  |  | 17 |  |  | — |  |  | 721 |  |  | 50 |  |  | — |
Net investment hedges: |  |  |  |  |  |  |  |  |  |  |
Cross currency contracts | 230 |  |  | 20 |  |  | — |  |  | 230 |  |  | 32 |  |  | — |
Total derivatives designated as hedging instruments | $ | 2,191 |  |  | $ | 54 |  |  | $ | — |  |  | $ | 2,191 |  |  | $ | 113 |  |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts | 73 |  |  | — |  |  | 1 |  |  | 118 |  |  | — |  |  | — |
Total derivatives not designated as hedging instruments | $ | 73 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 118 |  |  | $ | — |  |  | $ | — |
Total derivatives | $ | 2,264 |  |  | $ | 54 |  |  | $ | 1 |  |  | $ | 2,309 |  |  | $ | 113 |  |  | $ | — |
Summary of Effect of Derivatives on Consolidated Statements of Operations and Accumulated Other Comprehensive Income (Loss) | The following table presents the effect of derivatives on the consolidated statements of operations:
|  |  |  | Amount of income (expense) recognized in income
|  | Location of income (expense) recognized in income |  | Year ended December 31,
Derivatives |  |  | 2023 |  | 2022 |  | 2021
Cash flow hedging relationships: |  |  |  |  |  |  |  |
Interest rate swaps |  | Interest expense, net |  | $ | 32 |  |  | $ | 1 |  |  | $ | (11) |
Cross currency contracts |  | Investment income and other, net |  | (3) |  |  | 6 |  |  | 7 |
Cross currency contracts |  | Interest expense, net |  | 2 |  |  | 2 |  |  | — |
Fair value hedging relationships: |  |  |  |  |  |  |  |
Cross currency contracts |  | Investment income and other, net |  | (25) |  |  | 53 |  |  | — |
Cross currency contracts |  | Interest expense, net |  | 2 |  |  | 3 |  |  | — |
Net investment hedging relationships: |  |  |  |  |  |  |  |
Cross currency contracts |  | Interest expense, net |  | 4 |  |  | 4 |  |  | 2 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Investment income and other, net |  | 1 |  |  | 2 |  |  | 1 |
The following table presents the effect of cash flow and fair value hedge accounting on accumulated other comprehensive income (loss) ("AOCI"):
|  | Amount of gain (loss) recognized in other comprehensive income |  | Location of gain (loss) reclassified from AOCI into income |  | Amount of gain (loss) reclassified from AOCI into income
|  | Year ended December 31, |  |  | Year ended December 31,
Derivatives |  | 2023 |  | 2022 |  | 2021 |  |  | 2023 |  | 2022 |  | 2021
Cash flow hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | (6) |  |  | $ | 48 |  |  | $ | 18 |  |  | Interest expense, net |  | $ | 16 |  |  | $ | 3 |  |  | $ | — |
Cross currency contracts |  | (3) |  |  | 3 |  |  | — |  |  | Investment income and other, net |  | (3) |  |  | 10 |  |  | (7) |
Fair value hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cross currency contracts |  | (6) |  |  | (2) |  |  | — |  |  | Investment income and other, net |  | (25) |  |  | 53 |  |  | — |
Net investment hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cross currency contracts |  | (9) |  |  | 14 |  |  | 8 |  |  | Interest expense, net |  | 1 |  |  | — |  |  | (1) |

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