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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts

Forward currency contracts consist of (in millions):


		Currency Denomination
		March 31,					December 31,
Foreign Currency		2022					2021
South Korean Won		KRW		44,105			KRW		17,600
Norwegian Krone		NOK		2,238			NOK		2,430
Japanese Yen		JPY		476			JPY		476
U.S. Dollar		USD		448			USD		415
Mexican Peso		MXN		329			MXN		637
South African Rand		ZAR		124			ZAR		124
Euro		EUR		120			EUR		106
British Pound Sterling		GBP		18			GBP		14
Danish Krone		DKK		9			DKK		7
Singapore Dollar		SGD		40			SGD		36
Russian Ruble		RUB		—			RUB		1,128

Derivative Instruments and their Balance Sheet Classifications

The Company has the following fair values of its derivative instruments and their balance sheet classifications (in millions):


		Asset Derivatives										Liability Derivatives
				Fair Value										Fair Value
		Balance Sheet		March 31,				December 31,				Balance Sheet		March 31,				December 31,
		Location		2022				2021				Location		2022				2021
Derivatives designated as hedging instruments under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	6			$	11			Accrued liabilities		$	6			$	2
Total derivatives designated as hedging instruments under ASC Topic 815				$	6			$	11					$	6			$	2
Derivatives not designated as hedging instruments under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	3			$	7			Accrued liabilities		$	9			$	6
Total derivatives not designated as hedging instruments under ASC Topic 815				$	3			$	7					$	9			$	6
Total derivatives				$	9			$	18					$	15			$	8