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Note 12 - Fair Value Measurements and Derivatives (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

							Fair Value
Category		Balance Sheet Location		Fair Value Level			June 30, 2024				December 31, 2023
Currency forward contracts
Cash flow hedges		Accounts receivable - Other		2			$	5			$	43
Cash flow hedges		Other accrued liabilities		2				12				7
Undesignated		Accounts receivable - Other		2				2				3
Undesignated		Other accrued liabilities		2				3				5
Currency swaps
Cash flow hedges		Other noncurrent assets		2				6
Cash flow hedges		Other noncurrent liabilities		2								11
Undesignated		Other noncurrent liabilities		2				7				9

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

						June 30, 2024								December 31, 2023
		Fair Value Level				Carrying Value				Fair Value				Carrying Value				Fair Value
Long-term debt			2			$	2,536			$	2,441			$	2,582			$	2,495

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Underlying Financial Instrument												Derivative Financial Instrument
Description		Type		Face Amount				Rate				Notional Amount				Traded Amount				Inflow Rate				Outflow Rate
April 2025 Notes		Payable		$	200				5.75	%		$	200			€	185				5.75	%			3.85	%
Luxembourg Intercompany Notes		Receivable		€	93				3.85	%		$	100			€	93				5.75	%			3.85	%
Luxembourg Intercompany Notes		Receivable		€	278				3.70	%		€	278			$	300				5.38	%			3.70	%
Undesignated 2026 Swap												$	188			€	169				6.50	%			5.14	%
Undesignated Offset 2026 Swap												€	169			$	188				3.13	%			6.50	%

Schedule of Derivative Instruments [Table Text Block]

				Notional Amount (U.S. Dollar Equivalent)
Functional Currency		Traded Currency		Designated				Undesignated				Total				Maturity
U.S. dollar		Chinese renminbi, Indian rupee, Mexican peso, Thai baht, South African rand		$	426			$	21			$	447			Sep-2025
Euro		U.S. dollar, Australian dollar, Swiss franc, Chinese renminbi, British pound, Hungarian forint, Indian rupee, Mexican peso, Norwegian krone, Swedish krona, South African rand			293				32				325			Sep-2027
Indian rupee		U.S. dollar, euro, British pound							97				97			Jun-2025
Brazilian real		U.S. dollar, euro			56				6				62			Mar-2025
South African rand		U.S. dollar, euro, Thai baht							21				21			Aug-2024
Canadian dollar		U.S. dollar			1				17				18			Oct-2024
Thai baht		U.S. dollar			6				10				16			Nov-2024
British pound		U.S. dollar, euro			6				7				13			Mar-2025
Chinese renminbi		U.S. dollar, euro, Canadian dollar							9				9			Jul-2024
Mexican peso		U.S. dollar							3				3			Jul-2024
Swedish krona		euro							2				2			Jul-2024
Australian dollar		U.S. dollar, euro							1				1			Jul-2024
Total forward contracts					788				226				1,014
U.S. dollar		euro			298				181				479			Nov-2027
Euro		U.S. dollar			300				188				488			Jun-2026
Total currency swaps					598				369				967
Total currency derivatives				$	1,386			$	595			$	1,981

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

		Deferred Gain (Loss) in AOCI
		June 30, 2024				December 31, 2023				Gain (loss) expected to be reclassified into income in one year or less
Forward Contracts		$	12			$	20			$	12
Cross-Currency Swaps							1
Total		$	12			$	21			$	12

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

		Three Months Ended								Six Months Ended
		June 30,								June 30,
Derivatives Designated as Cash Flow Hedges		2024				2023				2024				2023
Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded
Net sales		$	2,738			$	2,748			$	5,473			$	5,392
Cost of sales			2,483				2,477				4,974				4,892
Other income (expense), net			(2	)			4				—				9
(Gain) or loss on cash flow hedging relationships
Foreign currency forwards
Amount of (gain) loss reclassified from AOCI into income
Cost of sales			(7	)			(8	)			(16	)			(13	)
Other income (expense), net			4				(3	)			15				(5	)
Cross-currency swaps
Amount of (gain) loss reclassified from AOCI into income
Other income (expense), net			(4	)			5				(18	)			12

Derivatives Not Designated as Hedging Instruments [Table Text Block]

		Three Months Ended								Six Months Ended
		June 30,								June 30,
Derivatives Not Designated as Hedging Instruments		2024				2023				2024				2023
Gain (loss) recognized in income
Foreign currency forward contracts
Cost of sales		$	2			$	1			$	2			$	—
Other income (expense), net			(1	)			(10	)			1				(7	)

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