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Derivative and Other Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Impact on Accumulated Other Comprehensive Income and Earnings from Changes in Fair Value
The following tables set forth financial information about the impact on other comprehensive income ("OCI"), accumulated other comprehensive income ("AOCI") and earnings from changes in the fair value related to derivative instruments designated as cash flow hedges.

 Amount of gain / (loss) recognized in AOCI
Derivatives in cash flow hedges20242023
Foreign exchange$(1)$(2)
Commodities(8)
$$(10)
Amount of gain / (loss) reclassified from AOCI into income
Derivatives in cash flow hedges20242023Affected line item in the
Statements of Operations
Commodities$(16)$Net sales
Foreign exchange(1)— Cost of products sold, excluding depreciation and amortization
Commodities14 (38)Cost of products sold, excluding depreciation and amortization
(3)(29)Income before income taxes and equity in net earnings of affiliates
— Provision for income taxes
$(3)$(22)Net income
Schedule of Impact on Earnings from Derivatives Not Designated as Hedges
The following table sets forth the impact on earnings from derivatives not designated as hedges.
Pre-tax amount of gain / (loss) recognized in earnings
Derivatives not designated as hedges20242023Affected line item in the
Statements of Operations
Foreign exchange— (4)Cost of products sold, excluding depreciation and amortization
Foreign exchange15 (4)Foreign exchange
$15 $(8)
Schedule of Impact on Other Comprehensive Income from Changes in Fair Value
The following table sets forth financial information about the impact on accumulated other comprehensive income from changes in the fair value of these derivative instruments designated as net investment hedges.
Amount of gain / (loss) recognized in AOCI
Derivatives designated as net investment hedges20242023
Foreign exchange$29 $(33)
Schedule of Fair Value of Financial Assets and Liabilities on Recurring Basis
The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2024 and December 31, 2023, respectively. The fair value of these financial instruments were reported under Level 2 of the fair value hierarchy.
Balance Sheet classificationDecember 31,
2024
December 31,
2023
Balance Sheet classificationDecember 31,
2024
December 31,
2023
Derivatives designated as hedging instruments
Foreign exchange contracts cash flowPrepaid expenses and other current assets$$Accrued liabilities$$
Foreign exchange contracts fair valuePrepaid expenses and other current assets— — Accrued liabilities— 
Commodities contracts cash flowPrepaid expenses and other current assets10 13 Accrued liabilities13 
Net investment hedgeOther non-current assets86 47 Other non-current liabilities— — 
$98 $61 $$17 
Derivatives not designated as hedging instruments
Foreign exchange contractsPrepaid expenses and other current assets$$Accrued liabilities$$
Total derivatives$102 $64 $14 $20 

Fair Value Hedge Carrying Amounts
Carrying amount of the hedged assets and liabilities
Line item in the Balance Sheet in which the hedged item is includedDecember 31, 2024December 31, 2023
Cash and cash equivalents— 
Receivables, net— 12 
Accrued liabilities— 120 
Schedule of Offsetting Assets In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate.
Gross amounts recognized in the Balance SheetGross amounts not offset in the Balance SheetNet amount
Balance at December 31, 2024
Derivative assets$102 $$99 
Derivative liabilities14 11 
Balance at December 31, 2023
Derivative assets$64 $$57 
Derivative liabilities20 13 
Schedule of Offsetting Liabilities In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate.
Gross amounts recognized in the Balance SheetGross amounts not offset in the Balance SheetNet amount
Balance at December 31, 2024
Derivative assets$102 $$99 
Derivative liabilities14 11 
Balance at December 31, 2023
Derivative assets$64 $$57 
Derivative liabilities20 13 
Schedule of Notional Values of Outstanding Derivative Instruments in the Consolidated Balance Sheets
The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets at December 31, 2024 and December 31, 2023 were:
December 31, 2024December 31, 2023
Derivatives designated as cash flow hedges:
Foreign exchange$380 $75 
Commodities73 160 
Derivatives designated as fair value hedges:
Foreign exchange— 202 
Derivatives designated as net investment hedges:
Foreign exchange875 875 
Derivatives not designated as hedges:
Foreign exchange305 302