XML 179 R162.htm IDEA: XBRL DOCUMENT v3.25.0.1
Financial Instruments - Narrative (Details)
€ in Millions
1 Months Ended 12 Months Ended
Nov. 27, 2024
USD ($)
Oct. 31, 2023
Sep. 30, 2022
USD ($)
Dec. 31, 2024
USD ($)
Contract
InterestRateSwap
Dec. 31, 2023
USD ($)
Contract
Dec. 31, 2022
USD ($)
Dec. 31, 2024
EUR (€)
Contract
InterestRateSwap
Derivative [Line Items]              
Debt instrument maturity date       Aug. 18, 2028      
8.000% Senior Unsecured Notes Due January 2033 [Member]              
Derivative [Line Items]              
Long-term debt $ 600,000,000     $ 600,000,000      
Debt instrument maturity date Nov. 30, 2029            
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member]              
Derivative [Line Items]              
Variable interest       3.00%      
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]              
Derivative [Line Items]              
Variable interest       0.50%      
Base Rate [Member] | Maximum [Member]              
Derivative [Line Items]              
Variable interest       2.00%      
Designated as Hedging Instrument [Member] | Net Investment Hedge [Member]              
Derivative [Line Items]              
Recognized gain (loss) on derivative, pre-tax       $ 47,000,000 $ 27,000,000 $ 53,000,000  
Reclassification on derivative, pre-tax       $ 0 $ 0 0  
Foreign currency forward contracts [Member] | Net Monetary Assets And Liabilities Hedge [Member]              
Derivative [Line Items]              
Number of forward exchange currency contracts | Contract       11 12   11
Derivative notional value       $ 196,000,000 $ 252,000,000    
Average maturity period of derivative contract       1 month 1 month    
Foreign currency forward contracts [Member] | Not Designated as Hedging Instrument [Member] | Other Income (Expense), Net [Member]              
Derivative [Line Items]              
Gain (loss) reclassification on derivative cash flow hedge       $ (5,000,000) $ (7,000,000) 2,000,000  
Foreign currency forward contracts [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedge [Member]              
Derivative [Line Items]              
Number of forward exchange currency contracts | Contract       173 176   173
Derivative notional value       $ 178,000,000 $ 203,000,000    
Average maturity period of derivative contract       4 months 4 months    
Recognized gains (losses) on derivative cash flow hedge, pre-tax       $ 7,000,000 $ (2,000,000) 17,000,000  
Derivative cash flow hedge net pre-tax loss from accumulated other comprehensive loss to cost of goods sold to be reclassified with in twelve months       8,000,000      
Foreign currency forward contracts [Member] | Designated as Hedging Instrument [Member] | Net Monetary Assets And Liabilities Hedge [Member]              
Derivative [Line Items]              
Derivative gains (losses)       $ 5,000,000 $ (7,000,000) $ 2,000,000  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]       Other Nonoperating Income (Expense) Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)  
Foreign currency forward contracts [Member] | Designated as Hedging Instrument [Member] | Cost of Goods Sold [Member] | Cash Flow Hedge [Member]              
Derivative [Line Items]              
Gain (loss) reclassification on derivative cash flow hedge       $ 1,000,000 $ 5,000,000 $ 19,000,000  
Interest Rate Swaps [Member] | Interest Expense [Member] | Cash Flow Hedge [Member]              
Derivative [Line Items]              
Recognized gain (loss) on derivative, pre-tax       2,000,000      
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedge [Member]              
Derivative [Line Items]              
Derivative notional value       300,000,000      
Recognized gains (losses) on derivative cash flow hedge, pre-tax       $ 9,000,000 (6,000,000) 8,000,000  
Number of interest rate swaps | InterestRateSwap       2     2
Cash settlement of derivative instrument     $ 8,000,000        
Interest rate swaps maturity date       Oct. 31, 2026      
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedge [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] | Senior Secured Term Loan Facility [Member]              
Derivative [Line Items]              
Variable interest     1.75%        
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedge [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Senior Secured Term Loan Facility [Member]              
Derivative [Line Items]              
Variable interest     0.75%        
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedge [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member] | Senior Secured Term Loan Facility [Member]              
Derivative [Line Items]              
Variable interest   3.50%          
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedge [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member] | Senior Secured Term Loan Facility [Member]              
Derivative [Line Items]              
Variable interest   0.50%          
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedge [Member] | Base Rate [Member] | Maximum [Member] | Senior Secured Term Loan Facility [Member]              
Derivative [Line Items]              
Variable interest   2.50% 0.00%        
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedge [Member] | Base Rate [Member] | Minimum [Member] | Senior Secured Term Loan Facility [Member]              
Derivative [Line Items]              
Variable interest   0.00% 1.00%        
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member] | Cash Flow Hedge [Member]              
Derivative [Line Items]              
Gain (loss) reclassification on derivative cash flow hedge       $ 1,000,000 $ 4,000,000 $ 5,000,000  
Cross-Currency Swaps [Member] | Designated as Hedging Instrument [Member] | Net Investment Hedge [Member]              
Derivative [Line Items]              
Recognized gain (loss) on derivative, pre-tax       5,000,000      
Reclassification on derivative, pre-tax       0      
Cross-Currency Swaps [Member] | Designated as Hedging Instrument [Member] | Net Investment Hedge [Member] | 8.000% Senior Unsecured Notes Due January 2033 [Member]              
Derivative [Line Items]              
Long-term debt       $ 600,000,000     € 567
Debt instrument maturity date       Jan. 15, 2030