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Derivative instruments and hedging activities (Tables)

6 Months Ended

Jun. 30, 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:

		June 30,				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
		June 30, 2024				December 31, 2023				June 30, 2024				December 31, 2023
Reported under		(U.S. $ in millions)								(U.S. $ in millions)
Asset derivatives:
Other current assets:
Option and forward contracts		$	—			$	—			$	27			$	38
Other non-current assets:
Cross-currency swap-cash flow hedge (1)			—				8				—				—
Liability derivatives:
Other current liabilities:
Option and forward contracts			—				—				(31	)			(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,
		June 30, 2024				June 30, 2023				June 30, 2024				June 30, 2023
Reported under		(U.S. $ in millions)
Line items in which effects of hedges are recorded		$	241			$	268			$	(138	)		$	(35	)
Cross-currency swaps - cash flow hedge (1)			—				(14	)			—				(3	)
		Financial expenses, net								Other comprehensive income (loss)
		Six months ended,								Six months ended,
		June 30, 2024				June 30,  2023				June 30, 2024				June 30, 2023
Reported under		(U.S. $ in millions)
Line items in which effects of hedges are recorded		$	491			$	528			$	(255	)		$	92
Cross-currency swaps - cash flow hedge (1)			(8	)			(15	)			1				(5	)

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,
		June 30, 2024				June 30, 2023				June 30, 2024				June 30, 2023
Reported under		(U.S. $ in millions)
Line items in which effects of hedges are recorded		$	241			$	268			$	(4,164	)		$	(3,878	)
Option and forward contracts (2)			(27	)			(36	)			—				—
Option and forward contracts economic hedge (3)			—				—				2				(4	)
		Financial expenses, net								Net revenues
		Six months ended,								Six months ended,
		June 30, 2024				June 30, 2023				June 30, 2024				June 30, 2023
Reported under		(U.S. $ in millions)
Line items in which effects of hedges are recorded		$	491			$	528			$	(7,983	)		$	(7,539	)
Option and forward contracts (2)			(37	)			(50	)			—				—
Option and forward contracts economic hedge (3)			—				—				(10	)			2

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