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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis | Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2022, are summarized as follows:
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
Description |  | December 31, 2022 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 60 |  |  | $ | 60 |  |  | $ | — |  |  | $ | — |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |
Time deposits and certificates of deposit |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | — |
Group insurance contracts |  |  | 6 |  |  |  | — |  |  |  | 6 |  |  |  | — |
Derivatives |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  |  | 7 |  |  |  | — |  |  |  | 7 |  |  |  | — |
Interest rate hedge-non-current |  |  | 104 |  |  |  | — |  |  |  | 104 |  |  |  | — |
Pension and deferred compensation plan assets |  |  | 17 |  |  |  | — |  |  |  | 17 |  |  |  | — |
Total assets |  | $ | 195 |  |  | $ | 60 |  |  | $ | 135 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 8 |  |  | $ | — |  |  | $ | 8 |  |  | $ | — |
Total liabilities |  | $ | 8 |  |  | $ | — |  |  | $ | 8 |  |  | $ | — |
Reported as follows: |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 60 |  |  | $ | 60 |  |  | $ | — |  |  | $ | — |
Short-term investments |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | — |
Other current assets |  |  | 8 |  |  |  | — |  |  |  | 8 |  |  |  | — |
Total current assets |  | $ | 69 |  |  | $ | 60 |  |  | $ | 9 |  |  | $ | — |
Other assets |  | $ | 126 |  |  | $ | — |  |  | $ | 126 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 8 |  |  | $ | — |  |  | $ | 8 |  |  | $ | — |
Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2021, are summarized as follows:
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
Description |  | December 31, 2021 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 55 |  |  | $ | 55 |  |  | $ | — |  |  | $ | — |
U.S. treasury obligations |  |  | 175 |  |  |  | — |  |  |  | 175 |  |  |  | — |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |
Time deposits and certificates of deposit |  |  | 22 |  |  |  | — |  |  |  | 22 |  |  |  | — |
Commercial paper |  |  | 42 |  |  |  | — |  |  |  | 42 |  |  |  | — |
U.S. treasury obligations |  |  | 12 |  |  |  | — |  |  |  | 12 |  |  |  | — |
U.S. agency obligations |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | — |
Group insurance contracts |  |  | 6 |  |  |  | — |  |  |  | 6 |  |  |  | — |
Derivatives-foreign exchange forward contracts |  |  | 4 |  |  |  | — |  |  |  | 4 |  |  |  | — |
Derivatives-foreign currency options |  |  | 3 |  |  |  | — |  |  |  | 3 |  |  |  | — |
Derivatives-interest rate hedge-non-current |  |  | 9 |  |  |  | — |  |  |  | 9 |  |  |  | — |
Funds in investments and other assets: |  |  |  |  |  |  |  |  |  |  |  |
Israeli pension assets |  |  | 20 |  |  |  | — |  |  |  | 20 |  |  |  | — |
Deferred compensation plan assets: |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds and exchange traded funds |  |  | 2 |  |  |  | — |  |  |  | 2 |  |  |  | — |
Total assets |  | $ | 351 |  |  | $ | 55 |  |  | $ | 296 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives – foreign exchange forward contracts |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |
Derivatives – interest rate hedge – non-current |  |  | 5 |  |  |  | — |  |  |  | 5 |  |  |  | — |
Total liabilities |  | $ | 6 |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |
Reported as follows: |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 230 |  |  | $ | 55 |  |  | $ | 175 |  |  | $ | — |
Short-term investments |  |  | 77 |  |  |  | — |  |  |  | 77 |  |  |  | — |
Other current assets |  |  | 7 |  |  |  | — |  |  |  | 7 |  |  |  | — |
Total current assets |  | $ | 314 |  |  | $ | 55 |  |  | $ | 259 |  |  | $ | — |
Long-term investments |  | $ | 6 |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |
Other assets |  |  | 31 |  |  |  | — |  |  |  | 31 |  |  |  | — |
Total long-term assets |  | $ | 37 |  |  | $ | — |  |  | $ | 37 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |
Other liabilities |  | $ | 5 |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |
Other Fair Value Disclosures The estimated fair value and carrying value of the Company’s debt as of December 31, 2022 and 2021 is as follows:
|  | 2022 |  |  | 2021 |
|  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Total debt, excluding deferred financing costs |  | $ | 5,122 |  |  | $ | 5,071 |  |  | $ | 825 |  |  | $ | 824 |
The estimated fair value of the Company’s debt was determined using available market information based on recent trades or activity of debt instruments with substantially similar risks, terms and maturities, which fall within Level 2 under the fair value hierarchy.
Schedule of Estimated Fair Value and Carrying Value of Company's Debt | The estimated fair value and carrying value of the Company’s debt as of December 31, 2022 and 2021 is as follows:
|  | 2022 |  |  | 2021 |
|  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Total debt, excluding deferred financing costs |  | $ | 5,122 |  |  | $ | 5,071 |  |  | $ | 825 |  |  | $ | 824 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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