XML 43 R28.htm IDEA: XBRL DOCUMENT
v3.22.1

Derivative Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Derivative Instruments |
Balance Sheet Classification of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value of | ​ | Fair Value of
​ | ​ | Hedge Assets | ​ | Hedge Liabilities
​ | ​ | March 31, | ​ | December 31, | ​ | March 31, | ​ | March 31, | ​ | December 31, | ​ | March 31,
​ |  | 2022 |  | 2021 |  | 2021 |  | 2022 |  | 2021 |  | 2021
Derivatives designated as hedging instruments: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Interest rate swaps - fair value hedges (a) | ​ | $ | ​ | ​ | $ | 4 | ​ | $ | 13 | ​ | $ | 20 | ​ | $ | 2 | ​ | $ | ​
Cash flow hedges of foreign exchange risk (b) | ​ | ​ | ​ | ​ | ​ | 2 | ​ | ​ | 8 | ​ | ​ | 1 | ​ | ​ | 23 | ​ | ​ | 67
Fair value hedges of foreign exchange risk (c) | ​ | ​ | 12 | ​ | ​ | 9 | ​ | ​ | ​ | ​ | ​ | 5 | ​ | ​ | ​ | ​ | ​ | ​
Net investment hedges (d) | ​ | ​ | 2 | ​ | ​ | 3 | ​ | ​ | 2 | ​ | ​ | 15 | ​ | ​ | 17 | ​ | ​ | 39
Total derivatives accounted for as hedges | ​ | $ | 14 | ​ | $ | 18 | ​ | $ | 23 | ​ | $ | 41 | ​ | $ | 42 | ​ | $ | 106
Derivatives not designated as hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign exchange derivative contracts (e) | ​ | ​ | 6 | ​ | ​ | 1 | ​ | ​ | 5 | ​ | ​ | ​ | ​ | ​ | 2 | ​ | ​ | 3
Total derivatives | ​ | $ | 20 | ​ | $ | 19 | ​ | $ | 28 | ​ | $ | 41 | ​ | $ | 44 | ​ | $ | 109
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 14 | ​ | $ | 14 | ​ | $ | 18 | ​ | $ | 2 | ​ | $ | 2 | ​ | $ | 9
Noncurrent | ​ | ​ | 6 | ​ | ​ | 5 | ​ | ​ | 10 | ​ | ​ | 39 | ​ | ​ | 42 | ​ | ​ | 100
Total derivatives | ​ | $ | 20 | ​ | $ | 19 | ​ | $ | 28 | ​ | $ | 41 | ​ | $ | 44 | ​ | $ | 109
​ (a) The notional amounts of the interest rate swaps designated as fair value hedges were €725 million at March 31, 2022, December 31, 2021 and March 31, 2021. The maximum maturity dates were in 2024 at March 31, 2022, December 31, 2021 and March 31, 2021. (b) The notional amounts of the cash flow hedges of foreign exchange risk were 764 million Mexican pesos at March 31, 2022, $422 million at December 31, 2021 and $978 million at March 31, 2021. The maximum maturity dates were in 2022 at March 31, 2022 and in 2023 at December 31, 2021 and March 31, 2021. (c) The notional amounts of the fair value hedges of foreign exchange risk were $850 million at March 31, 2022 and $400 million at December 31, 2021. The maximum maturity dates were in 2030 at March 31, 2022 and December 31, 2021. (d) The notional amounts of the net investment hedges were €311 million at March 31, 2022, December 31, 2021 and March 31, 2021. The maximum maturity dates were in 2027 for March 31, 2022, December 31, 2021 and March 31, 2021. (e) The notional amounts of the foreign exchange derivative contracts were $446 million, $202 million and $301 million at March 31, 2022, December 31, 2021 and March 31, 2021, respectively. The maximum maturity dates were in 2022 for all three periods.
Effects of derivative instruments on the results of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gain (Loss) Recognized in OCI (Effective Portion) | ​ | ​ | Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) | ​
​ | ​ | Three months ended March 31, | ​ | ​ | Three months ended March 31, | ​
Derivatives designated as hedging instruments: |  | 2022 | ​ | 2021 | ​ | ​ | 2022 | ​ | 2021 | ​
Cash Flow Hedges |  | ​ | ​ |  | ​ | ​ |  |  | ​ | ​ |  | ​ | ​ |
Cash flow hedges of foreign exchange risk (a) | ​ | $ | 13 | ​ | $ | 48 | ​ | ​ | $ | 14 | ​ | $ | 49 | ​
Net Investment Hedges | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Investment Hedges (b) | ​ | ​ | 3 | ​ | ​ | 15 | ​ | ​ | ​ | 1 | ​ | ​ | 1 | ​
​ | ​ | $ | 16 | ​ | $ | 63 | ​ | ​ | $ | 15 | ​ | $ | 50 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount of Gain (Loss) Recognized in Other income (expense), net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives not designated as hedges: |  | 2022 | ​ | 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign exchange derivative contracts |  | $ | 2 |  | $ | 10 |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) Gains and losses reclassified from Accumulated OCI and recognized in income are recorded to (a) other income (expense), net or (b) interest expense, net. ​

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration