v3.25.4

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts

Forward currency contracts consist of (in millions):

Currency Denomination

Currency

December 31, 2025

December 31, 2024

South Korean Won

KRW

49,790

KRW

45,130

Norwegian Krone

NOK

2,756

NOK

2,850

U.S. Dollar

USD

827

USD

1,031

Japanese Yen

JPY

569

JPY

1,039

Euro

EUR

190

EUR

95

Singapore Dollar

SGD

18

SGD

12

British Pound Sterling

GBP

3

GBP

—

Mexican Peso

MXN

—

MXN

405

South African Rand

ZAR

—

ZAR

25

Danish Krone

DKK

—

DKK

3

Canadian Dollar

CAD

—

CAD

1

Colombian Peso

COP

—

COP

60,970

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
		Balance Sheet		December 31,								Balance Sheet		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		$	3			$	1			Accrued liabilities		$	1			$	13
Foreign exchange contracts		Other assets			—				—			Other liabilities			—				1
Designated total				$	3			$	1					$	1			$	14
Derivatives not designated as hedging instruments under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	2			$	4			Accrued liabilities		$	3			$	11
Foreign exchange contracts		Other assets			—				—			Other liabilities			—				1
Non-designated total				$	2			$	4					$	3			$	12
Total				$	5			$	5					$	4			$	26

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Outstanding foreign currency forward contracts.

+ References

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X

- 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://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

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