v3.25.2
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:
Notional amounts (1)
Other assetsAccrued liabilities
June 30
2025		December 31
2024		June 30
2025		December 31
2024		June 30
2025		December 31
2024
Derivatives designated as hedging instruments:
Foreign exchange contracts$4,797 $5,139 $153 $23 ($48)($213)
Commodity contracts478 388 61 65 (8)(12)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts225 103 8 1 (9)(17)
Commodity contracts61 129  
Total derivatives$5,561 $5,759 $222 $89 ($65)($242)
Netting arrangements(39)(24)39 24 
Net recorded balance$183 $65 ($26)($218)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance
Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income/(loss), net of tax are presented in the following table:
Six months ended June 30Three months ended June 30

2025202420252024
Recognized in Other comprehensive income/(loss), net of tax:
Foreign exchange contracts$201 ($75)$134 ($18)
Commodity contracts5 (1)4 7 
Reclassification Out of Accumulated Other Comprehensive Income
(Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Six months ended June 30Three months ended June 30
2025202420252024
Foreign exchange contracts
Costs and expenses($12)($12)($8)($5)
General and administrative expense(9)(13)1 (9)
Commodity contracts
Costs and expenses($18)($12)($7)($12)
General and administrative expense3 3 1 1