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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Primary Net Hedging Positions and Corresponding Fair Values | The following tables provide a summary of the primary net hedging positions and corresponding fair values held as of September 30, 2022 and December 31, 2021:
|  | September 30, 2022 |
Currency Hedged (Buy/Sell) |  | Gross Notional Value |  |  | Fair Value Asset (Liability) |
U.S. dollar/Japanese yen |  | $ | 51 |  |  | $ | 6 |
U.S. dollar/South Korean won |  |  | 105 |  |  |  | 10 |
U.S. dollar/euro |  |  | 13 |  |  |  | 1 |
U.S. dollar/U.K. pound sterling |  |  | 6 |  |  |  | 1 |
U.S. dollar/Taiwan dollar |  |  | 41 |  |  |  | 3 |
euro/Chinese renminbi |  |  | 27 |  |  |  | — |
U.K. pound sterling/euro |  |  | 4 |  |  |  | — |
euro/U.S. dollar |  |  | 426 |  |  |  | (13 | )
Japanese yen/U.S. dollar |  |  | 38 |  |  |  | (2 | )
Total |  | $ | 711 |  |  | $ | 6 |
|  | December 31, 2021 |
Currency Hedged (Buy/Sell) |  | Gross Notional Value |  |  | Fair Value Asset |
U.S. dollar/Japanese yen |  | $ | 60 |  |  | $ | 2 |
U.S. dollar/South Korean won |  |  | 108 |  |  |  | 1 |
U.S. dollar/euro |  |  | 15 |  |  |  | — |
U.S. dollar/U.K. pound sterling |  |  | 11 |  |  |  | — |
U.S. dollar/Taiwan dollar |  |  | 47 |  |  |  | — |
Total |  | $ | 241 |  |  | $ | 3 |
Summary of Interest Rate Swaps and Interest Rate Caps | The table below summarizes interest rate swaps and interest rate caps outstanding at September 30, 2022 and December 31, 2021:
|  |  |  |  |  |  |  |  |  |  |  |  | September 30, 2022 |  |  | December 31, 2021 |
Effective Date |  | Maturity |  | Fixed Rate |  |  | Notional Amount at Effective Date |  |  | Notional Amount at September 30, 2022 |  |  | Fair Value Asset |  |  | Fair Value Asset (Liability) |
April 5, 2019 |  | March 31, 2023 |  |  | 2.309 | % |  | $ | 300 |  |  | $ | 200 |  |  | $ | 2 |  |  | $ | (5 | )
October 26, 2021 |  | February 28, 2025 |  |  | 0.485 | % |  |  | 200 |  |  |  | 200 |  |  |  | 17 |  |  |  | 4 |
March 31, 2022 |  | February 28, 2025 |  |  | 0.623 | % |  |  | 100 |  |  |  | 100 |  |  |  | 22 |  |  |  | 5 |
September 30, 2022 |  | September 30, 2026 |  |  | 3.156 | % |  |  | 350 |  |  |  | 350 |  |  |  | 9 |  |  |  | — |
January 2,2024 |  | January 31, 2028 |  |  | 2.841 | % |  |  | 250 |  |  |  | — |  |  |  | 7 |  |  |  | — |
September 30, 2022 |  | September 30, 2027 |  |  | 3.198 | % |  |  | 350 |  |  |  | 350 |  |  |  | 10 |  |  |  | — |
January 2, 2024 |  | January 31, 2029 |  |  | 2.986 | % |  |  | 250 |  |  |  | — |  |  |  | 6 |  |  |  | — |
September 30, 2022 |  | September 30, 2026 |  |  | 3.358 | % |  |  | 600 |  |  |  | 600 |  |  |  | 10 |  |  |  | — |
|  |  |  |  |  |  |  | 2,400 |  |  |  | 1,800 |  |  |  | 83 |  |  |  | 4 |
March 31, 2020 |  | January 31, 2024 |  |  | 1.000 | % |  |  | 350 |  |  |  | 350 |  |  |  | 16 |  |  |  | — |
March 31, 2020 |  | January 31, 2024 |  |  | 1.000 | % |  |  | 350 |  |  |  | 350 |  |  |  | 16 |  |  |  | — |
|  |  |  |  |  |  |  | 700 |  |  |  | 700 |  |  |  | 32 |  |  |  | — |
|  |  |  |  |  |  | $ | 3,100 |  |  | $ | 2,500 |  |  | $ | 115 |  |  | $ | 4 |
Summary of Gains (Losses) on Derivatives Designated as Cash Flow Hedging Instruments | The following table provides a summary of the gains (losses) on derivatives designated as cash flow hedging instruments:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |  |
Net gains recognized in accumulated OCI |  | $ | 48 |  |  | $ | 3 |  |  | $ | 73 |  |  | $ | 14 |
Net gains (losses) reclassified from accumulated OCI into income |  | $ | 5 |  |  | $ | — |  |  | $ | 9 |  |  | $ | (2 | )
Summary of Losses on Derivatives Not Designated as Hedging Instruments | The following table provides a summary of the losses on derivatives not designated as hedging instruments, consisting of balance sheet hedges and interest rate caps:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net losses recognized in income |  | $ | (11 | ) |  | $ | (2 | ) |  | $ | (4 | ) |  | $ | (9 | )

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