v3.25.1
Derivatives and Hedging (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional and Fair Values of Derivative Instruments
The notional and fair values of derivative instruments are as follows (in millions):
 Notional Amount
Net Amount of Derivative Assets
 Presented in the Statements of Financial Position (1)
Net Amount of Derivative Liabilities
 Presented in the Statements of Financial Position (2)
 March 31,
2025		December 31,
2024		March 31,
2025		December 31,
2024		March 31,
2025		December 31,
2024
Foreign exchange contracts      
Accounted for as hedges$655 $597 $30 $25 $— $— 
Not accounted for as hedges (3)
523 394 1 — 1 1 
Total$1,178 $991 $31 $25 $1 $1 
(1)Included within Other current assets ($17 million at March 31, 2025 and $15 million at December 31, 2024) or Other non-current assets ($14 million at March 31, 2025 and $10 million at December 31, 2024).
(2)Included within Other current liabilities ($1 million at March 31, 2025 and $1 million at December 31, 2024).
(3)These contracts typically are for 90-day durations and executed close to the last day of the most recent reporting month, thereby resulting in nominal fair values at the balance sheet date.
Schedule of Derivative Gains (Losses)
The amounts of derivative gains recognized in the Condensed Consolidated Financial Statements are as follows (in millions):
 Three Months Ended March 31,
 20252024
Gain recognized in Accumulated other comprehensive loss$2 $97 
The amounts of derivative gains (losses) reclassified from Accumulated other comprehensive loss to the Condensed Consolidated Statements of Income are as follows (in millions):
Three Months Ended March 31,
20252024
Total revenue$(2)$(4)