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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts

Forward currency contracts consist of (in millions):

		Currency Denomination
		September 30,					December 31,
Currency		2024					2023
Colombian Peso		COP		53,976			COP		57,487
South Korean Won		KRW		22,671			KRW		—
Norwegian Krone		NOK		2,419			NOK		2,179
Japanese Yen		JPY		1,467			JPY		1,118
U.S. Dollar		USD		965			USD		677
Mexican Peso		MXN		349			MXN		157
Euro		EUR		119			EUR		102
Danish Krone		DKK		37			DKK		2
Singapore Dollar		SGD		27			SGD		23
South African Rand		ZAR		25			ZAR		25
British Pound Sterling		GBP		6			GBP		5
Canadian Dollar		CAD		1			CAD		1
Brazilian Real		BRL		—			BRL		291

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		September 30,				December 31,				Balance Sheet		September 30,				December 31,
		Location		2024				2023				Location		2024				2023
Derivatives designated as hedging    instruments under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	2			$	8			Accrued liabilities		$	1			$	2
Foreign exchange contracts		Other assets			—				—			Other liabilities			—				1
Total derivatives designated as hedging    instruments under ASC Topic 815				$	2			$	8					$	1			$	3
Derivatives not designated as hedging    instruments under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	6			$	11			Accrued liabilities		$	4			$	17
Foreign exchange contracts		Other assets			—				—			Other liabilities			—				1
Total derivatives not designated as    hedging instruments under ASC Topic 815				$	6			$	11					$	4			$	18
Total derivatives				$	8			$	19					$	5			$	21

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- Definition

Outstanding foreign currency forward contracts.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

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

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