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Derivative instruments and hedging activities (Tables)
 3 Months Ended
Mar. 31, 2024
Summary of Notional Amounts for Hedged Items
The following table summarizes the notional amounts for hedged items, when transactions are designated as hedge accounting: 
 
    
March 31,
     
December 31,
  
    
2024
     
2023
  
    
(U.S. $ in millions)
  
Cross-currency swap - cash flow hedge (1)
    $ —       $ 169  
  
 
 
     
 
 
  
Summary of Classification and Fair Values of Derivative Instruments
The following table summarizes the classification and fair values of derivative instruments:
 
                                                                                       
    
Fair value
  
    
Designated as hedging

instruments
     
Not designated as hedging

instruments
  
    
March 31,

2024
     
December 31,

2023
     
March 31,

2024
     
December 31,

2023
  
Reported under
   
(U.S. $ in millions)
     
(U.S. $ in millions)
  
Asset derivatives:
            
Other current assets:
            
Option and forward contracts
   
$
— 
 
   
$
— 
 
   
$
36
 
   
$
38
 
Other
non-current
assets:
            
Cross-currency swap-cash flow hedge (1)
   
 
— 
 
   
 
8
 
   
 
— 
 
   
 
— 
 
Liability derivatives:
            
Other current liabilities:
            
Option and forward contracts
   
 
— 
 
   
 
— 
 
   
 
(35
) 
   
 
(39
) 
Summary of Pre-tax (Gains) Losses From Derivatives Designated in Cash Flow Hedging Relationships
The table below provides information regarding the location and amount of
pre-tax
(gains) losses from derivatives designated in cash flow hedging relationships:
 
                                                                                       
    
Financial expenses, net
     
Other comprehensive
income (loss)
  
    
Three months ended,
     
Three months ended,
  
    
March 31,

2024
     
March 31,
2023
     
March 31,

2024
     
March 31,
2023
  
Reported under
   
(U.S. $ in millions)
  
Line items in which effects of hedges are recorded
   
$
250
 
   
$
260
 
   
$
(117
) 
   
$
127
 
Cross-currency swaps - cash flow hedge (1)
   
 
(8
) 
   
 
1
 
   
 
1
 
   
 
(2
) 
Summary of Pre-tax (Gains) Losses From Derivatives Not Designated in as Hedging Instruments
The table below provides information regarding the location and amount of
pre-tax
(gains) losses from derivatives not designated as hedging instruments:
 
                                                                                       
    
Financial expenses, net
     
Net revenues
  
    
Three months ended,
     
Three months ended,
  
    
March 31,

2024
     
March 31,
2023
     
March 31,
2024
     
March 31,
2023
  
Reported under
   
(U.S. $ in millions)
  
Line items in which effects of hedges are recorded
   
$
250
 
   
$
260
 
   
$
(3,819
) 
   
$
(3,661
) 
Option and forward contracts (2)
   
 
(10
) 
   
 
(13
) 
   
 
— 
 
   
 
— 
 
Option and forward contracts economic hedge (3)
   
 
— 
 
   
 
— 
 
   
 
(13
) 
   
 
6