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Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Primary Net Hedging Positions and Fair Values of Foreign Exchange Forward Contracts Outstanding | The following tables summarize the primary net hedging positions and fair values of foreign exchange forward contracts outstanding as of March 31, 2023 and December 31, 2022:
|  | March 31, 2023 |
Currency Hedged (Buy/Sell) |  | Net Notional Value |  |  | Fair Value Asset (Liability) |
U.S. dollar/Japanese yen |  | $ | 21 |  |  | $ | 1 |
U.S. dollar/South Korean won |  |  | 49 |  |  |  | (1 | )
U.S. dollar/Taiwan dollar |  |  | 34 |  |  |  | — |
U.S. dollar/U.K. pound sterling |  |  | 2 |  |  |  | — |
Euro/U.S. dollar |  |  | 44 |  |  |  | — |
Euro/Chinese renminbi |  |  | 19 |  |  |  | — |
Total |  | $ | 169 |  |  | $ | — |
|  | December 31, 2022 |
Currency Hedged (Buy/Sell) |  | Net Notional Value |  |  | Fair Value Asset (Liability) |
U.S. dollar/Japanese yen |  | $ | 57 |  |  | $ | — |
U.S. dollar/South Korean won |  |  | 75 |  |  |  | (4 | )
U.S. dollar/Taiwan dollar |  |  | 33 |  |  |  | 1 |
U.S. dollar/U.K. pound sterling |  |  | 7 |  |  |  | — |
U.S. dollar/Singapore dollar |  |  | 1 |  |  |  | — |
U.S. dollar/Chinese renminbi |  |  | 9 |  |  |  | — |
Euro/U.S. dollar |  |  | 485 |  |  |  | 1 |
Euro/Chinese renminbi |  |  | 31 |  |  |  | 1 |
U.K. pound sterling/euro |  |  | 4 |  |  |  | — |
Total |  | $ | 702 |  |  | $ | (1 | )
Summary of Net (Losses) Gains on Derivatives Designated as Cash Flow Hedging Instruments | The following table summarizes the net (losses) gains on derivatives designated as cash flow hedging instruments:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Foreign exchange forward contracts: |  |  |  |  |  |
Net (losses) gains recognized in accumulated OCI |  | $ | (15 | ) |  | $ | 18 |
Net (losses) gains reclassified from accumulated OCI into income |  | $ | (1 | ) |  | $ | 1 |
Summary of The Terms And Fair Values of Interest Rate Swaps and Interest Rate Caps | The following table summarizes the terms and fair values of interest rate swaps and interest rate caps outstanding at March 31, 2023 and December 31, 2022:
|  |  |  |  |  |  |  |  |  |  |  |  | March 31, 2023 |  |  | December 31, 2022 |
Effective Date |  | Maturity |  | Fixed Rate |  |  | Notional Amount at Effective Date |  |  | Notional Amount at March 31, 2023 |  |  | Fair Value Asset |  |  | Fair Value Asset |
Interest Rate Swaps |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
April 5, 2019 |  | March 31, 2023 |  |  | 2.309 | % |  | $ | 300 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
October 26, 2021 |  | February 28, 2025 |  |  | 0.485 | % |  |  | 200 |  |  |  | 200 |  |  |  | 14 |  |  |  | 16 |
March 31, 2022 |  | February 28, 2025 |  |  | 0.623 | % |  |  | 100 |  |  |  | 300 |  |  |  | 20 |  |  |  | 22 |
September 30, 2022 |  | September 30, 2026 |  |  | 3.156 | % |  |  | 350 |  |  |  | 350 |  |  |  | 4 |  |  |  | 8 |
January 2, 2024 |  | January 31, 2028 |  |  | 2.841 | % |  |  | 250 |  |  |  | — |  |  |  | 2 |  |  |  | 5 |
September 30, 2022 |  | September 30, 2027 |  |  | 3.198 | % |  |  | 350 |  |  |  | 350 |  |  |  | 2 |  |  |  | 8 |
January 2, 2024 |  | January 31, 2029 |  |  | 2.986 | % |  |  | 250 |  |  |  | — |  |  |  | — |  |  |  | 4 |
September 30, 2022 |  | September 30, 2026 |  |  | 3.358 | % |  |  | 600 |  |  |  | 600 |  |  |  | 4 |  |  |  | 10 |
|  |  |  |  |  |  |  | 2,400 |  |  |  | 1,800 |  |  |  | 46 |  |  |  | 74 |
Interest Rate Caps |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2020 |  | January 31, 2024 |  |  | 1.000 | % |  |  | 350 |  |  |  | 350 |  |  |  | 12 |  |  |  | 15 |
March 31, 2020 |  | January 31, 2024 |  |  | 1.000 | % |  |  | 350 |  |  |  | 350 |  |  |  | 12 |  |  |  | 15 |
|  |  |  |  |  |  |  | 700 |  |  |  | 700 |  |  |  | 24 |  |  |  | 30 |
|  |  |  | Total |  |  | $ | 3,100 |  |  | $ | 2,500 |  |  | $ | 70 |  |  | $ | 104 |
Summary of Gains on Derivatives Not Designated as Hedging Instruments | The following table summarizes the gains on derivatives not designated as hedging instruments, consisting of balance sheet hedges and interest rate caps:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Net gains recognized in income |  | $ | 10 |  |  | $ | 6 |

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