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Derivatives and Net Investment Hedge (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Notional Values of Foreign Exchange Forward Contracts Outstanding

The following table summarizes the net notional values of foreign exchange forward contracts outstanding:

		March 31, 2025				December 31, 2024
Derivatives designated as hedging instruments:
Foreign exchange forward contracts-cash flow hedges		$	60			$	74
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts-balance sheet hedges		$	188			$	154

Summary of Net Gains (Losses) on Derivatives Designated as Cash Flow Hedging Instruments

The following table summarizes the net gains (losses) on derivatives designated as cash flow hedging instruments:

		Three Months Ended March 31,
		2025				2024
Foreign exchange forward contracts-cash flow hedges:
Net (losses) gains recognized in OCI, net of tax		$	(1	)		$	6
Net gains (losses) reclassified from accumulated OCI into cost of revenues		$	2			$	—
Interest rate hedges:
Net (losses) gains recognized in OCI, net of tax		$	(15	)		$	26
Net gains (losses) reclassified from accumulated OCI into interest expense		$	8			$	17

Summary of Net Gains (Losses) on Derivatives Not Designated as Hedging Instruments

The following table summarizes the net gains (losses) on derivatives not designated as hedging instruments:

		Three Months Ended March 31,
		2025				2024
Net (losses) gains recognized in other (income) expense, net		$	1			$	(4	)

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- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC

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