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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Schedule of Net Periodic Benefit Cost

The components of net periodic (benefit) cost consisted of the following:

			Year Ended December 31,
			2024						2023						2022
Service cost (a)			$	3					$	3					$	5
Interest cost (b)			28						27						16
Expected return on plan assets (b)			(32)						(30)						(37)
Amortization of unrecognized amounts (b)			5						5						5
Net periodic cost (benefit)			$	4					$	5					$	(11)

__________ 

(a)For the years ended December 31, 2024, 2023, and 2022, $3 million, $3 million, and $4 million was included in operating expenses, respectively. For the year ended December 31, 2022, $1 million was included in selling, general and administrative expenses.

(b)Included in selling, general and administrative expenses.

Schedule of Funded Status of Pension Plans

We use a measurement date of December 31st for our pension plans. The funded status of the pension plans were as follows:

			As of December 31,
Change in Benefit Obligation			2024						2023
Benefit obligation at end of prior year			$	620					$	575
Service cost			3						3
Interest cost			28						27
Actuarial (gain) loss			(43)						30
Plan amendments			(1)						—
Currency translation adjustment			(11)						15
Net benefits paid			(31)						(30)
Benefit obligation at end of current year			$	565					$	620
Change in Plan Assets
Fair value of assets at end of prior year			$	540					$	514
Actual return on plan assets			3						35
Employer contributions			4						6
Currency translation adjustment			(6)						15
Net benefits paid			(31)						(30)
Fair value of assets at end of current year			$	510					$	540

Schedule of Net Funded Status

Amounts recognized in the statement of financial position consist of the following:

			As of December 31,
Funded Status			2024						2023
Classification of net balance sheet assets (liabilities):
Non-current assets			$	39					$	24
Current liabilities			(4)						(4)
Non-current liabilities			(90)						(100)
Net funded status			$	(55)					$	(80)

Schedule of Assumptions Used to Determine Pension Obligations and Pension Costs

The following assumptions were used to determine pension obligations and pension costs for the principal plans in which our employees participated:

			For the Year Ended December 31,
U.S. Pension Benefit Plans			2024						2023						2022
Discount rate:
Net periodic benefit cost			4.96		%				5.18		%				2.67		%
Benefit obligation			5.51		%				4.96		%				5.18		%
Long-term rate of return on plan assets			6.25		%				6.25		%				6.25		%
Non-U.S. Pension Benefit Plans
Discount rate:
Net periodic benefit cost			4.40		%				4.79		%				1.83		%
Benefit obligation			5.01		%				4.40		%				4.79		%
Long-term rate of return on plan assets			5.97		%				5.59		%				4.39		%

Schedule of Defined Benefit Pension Plans' Assets Fair Value

The following table presents the defined benefit pension plans’ assets measured at fair value:

			As of December 31, 2024
Asset Class			Level 1						Level 2						Level 3						Total
Cash equivalents and short-term investments			$	8					$	12					$	—					$	20
U.S. equities			49						10						—						59
Non-U.S. equities			29						15						—						44
Government bonds			9						48						—						57
Corporate bonds			159						39						—						198
Other assets			—						73						59						132
Total assets			$	254					$	197					$	59					$	510

			As of December 31, 2023
Asset Class			Level 1						Level 2						Level 3						Total
Cash equivalents and short-term investments			$	12					$	12					$	—					$	24
U.S. equities			73						15						—						88
Non-U.S. equities			40						23						—						63
Government bonds			1						—						—						1
Corporate bonds			138						47						—						185
Other assets			—						118						61						179
Total assets			$	264					$	215					$	61					$	540

__________

For the years ended December 31, 2024 and 2023, we purchased and classified investments of $2 million and $11 million, respectively, as Level 3.

X

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Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

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Tabular disclosure of the change in the accumulated postemployment benefit obligation from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

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Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

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