XML 69 R46.htm IDEA: XBRL DOCUMENT
v3.22.4

Derivative Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivatives Outstanding | The following table is a summary of the fair value of derivatives outstanding at December 31, 2022 and 2021:
| Fair Value
| December 31, 2022 |  | December 31, 2021
| Assets(a) |  | Accrued Liabilities |  | Assets(a) |  | Accrued Liabilities
Derivatives Designated as Cash Flow Hedges
Currency Contracts | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | 1 |
Interest Rate Swaps | $ | 30 |  |  | $ | — |  |  | $ | — |  |  | $ | 25 |
Natural Gas Hedges | $ | 1 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | — |
Total Hedges | $ | 31 |  |  | $ | 2 |  |  | $ | 4 |  |  | $ | 26 |
Derivatives Not Designated as Cash Flow Hedges
Currency Contracts | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total Derivatives | $ | 32 |  |  | $ | 2 |  |  | $ | 4 |  |  | $ | 26 |
(a) At December 31, 2022 and 2021, current assets of $32 million and $4 million, respectively, are recorded in prepaid and other current assets on the Consolidated Balance Sheet.
Schedule of Derivatives Instruments Impact on Statement of Operations | The following table summarizes the impact of the Company's derivatives on the Consolidated Statement of Income:
| Amount of Pre-Tax Gain (Loss) Recognized in Earnings
| Revenue |  | Cost of Goods Sold |  | Other (Expense) Income, net |  | Revenue |  | Cost of Goods Sold |  | Other (Expense) Income, net |  | Revenue |  | Cost of Goods Sold |  | Other (Expense) Income, net
| Year Ended December 31, 2022 |  | Year Ended December 31, 2021 |  | Year Ended December 31, 2020
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |
Currency Contracts | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |
Derivatives Designated as Hedging Instruments |  |  |  |  |  |
Currency Contracts | $ | 4 |  |  | $ | 13 |  |  | $ | — |  |  | $ | (3) |  |  | $ | 35 |  |  | $ | — |  |  | $ | (7) |  |  | $ | 3 |  |  | $ | — |
Natural Gas | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | (1) |  |  | $ | — |
Total Derivatives | $ | 4 |  |  | $ | 18 |  |  | $ | 1 |  |  | $ | (3) |  |  | $ | 38 |  |  | $ | 1 |  |  | $ | (7) |  |  | $ | 2 |  |  | $ | 4 |

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 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 https://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

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the 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 4A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration