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Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts

Forward currency contracts consist of (in millions):

		Currency Denomination
		June 30,					December 31,
Currency		2025					2024
Colombian Peso		COP		57,022			COP		60,970
South Korean Won		KRW		31,886			KRW		45,130
Norwegian Krone		NOK		2,491			NOK		2,850
Japanese Yen		JPY		909			JPY		1,039
U.S. Dollar		USD		887			USD		1,031
Mexican Peso		MXN		305			MXN		405
Euro		EUR		120			EUR		95
South African Rand		ZAR		25			ZAR		25
Singapore Dollar		SGD		12			SGD		12
British Pound Sterling		GBP		4			GBP		—
Danish Krone		DKK		1			DKK		3
Canadian Dollar		CAD		—			CAD		1

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		June 30,				December 31,				Balance Sheet		June 30,				December 31,
		Location		2025				2024				Location		2025				2024
Derivatives designated as hedging instruments under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	13			$	1			Accrued liabilities		$	1			$	13
Foreign exchange contracts		Other assets			—				—			Other liabilities			—				1
Designated total				$	13			$	1					$	1			$	14
Derivatives not designated as hedging instruments under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	6			$	4			Accrued liabilities		$	5			$	11
Foreign exchange contracts		Other assets			—				—			Other liabilities			1				1
Non-designated total				$	6			$	4					$	6			$	12
Total				$	19			$	5					$	7			$	26

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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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