Note 13 - Fair Value Measurements and Derivatives (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
Notes Tables |
|
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
| | | | | | | Fair Value | |
Category | | Balance Sheet Location | | Fair Value Level | | | June 30, 2025 | | | December 31, 2024 | |
Currency forward contracts | | | | | | | | | | | | | |
Cash flow hedges | | Accounts receivable - Other | | 2 | | | $ | 20 | | | $ | 9 | |
Cash flow hedges | | Other accrued liabilities | | 2 | | | | 10 | | | | 27 | |
Undesignated | | Accounts receivable - Other | | 2 | | | | 7 | | | | 8 | |
Undesignated | | Other accrued liabilities | | 2 | | | | 18 | | | | 13 | |
Currency swaps | | | | | | | | | | | | | |
Cash flow hedges | | Other noncurrent assets | | 2 | | | | | | | | 23 | |
Cash flow hedges | | Other noncurrent liabilities | | 2 | | | | 28 | | | | | |
Undesignated | | Other noncurrent liabilities | | 2 | | | | 4 | | | | 5 | |
|
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block] |
| | | | | | June 30, 2025 | | | December 31, 2024 | |
| | Fair Value Level | | Carrying Value | | | Fair Value | | | Carrying Value | | | Fair Value | |
Long-term debt | | | 2 | | | $ | 2,420 | | | $ | 2,471 | | | $ | 2,510 | | | $ | 2,492 | |
|
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] |
Underlying Financial Instrument | | | Derivative Financial Instrument | |
Description | | Type | | Face Amount | | | Rate | | | Notional Amount | | | Traded Amount | | | Inflow Rate | | | Outflow Rate | |
Luxembourg Intercompany Notes | | Receivable | | € | 278 | | | | 3.70 | % | | € | 278 | | | $ | 300 | | | | 5.38 | % | | | 3.70 | % |
Undesignated 2026 Swap | | | | | | | | | | | | $ | 188 | | | € | 169 | | | | 6.50 | % | | | 5.14 | % |
Undesignated Offset 2026 Swap | | | | | | | | | | | | € | 169 | | | $ | 188 | | | | 3.13 | % | | | 6.50 | % |
|
Schedule of Derivative Instruments [Table Text Block] |
| | | | Notional Amount (U.S. Dollar Equivalent) | | | |
Functional Currency | | Traded Currency | | Designated | | | Undesignated | | | Total | | | Maturity |
U.S. dollar | | euro, Canadian dollar, Mexican peso | | $ | 323 | | | $ | 38 | | | $ | 361 | | | Mar-2026 |
Euro | | U.S. dollar, Australian dollar, Swiss franc, Chinese renminbi, British pound, Hungarian forint, Mexican peso, Swedish krona | | | 562 | | | | 9 | | | | 571 | | | Sep-2027 |
Indian rupee | | U.S. dollar, euro, British pound | | | | | | | 51 | | | | 51 | | | Mar-2026 |
Brazilian real | | U.S. dollar, euro | | | 33 | | | | 19 | | | | 52 | | | Mar-2026 |
South African rand | | U.S. dollar, euro, Thai baht | | | | | | | 38 | | | | 38 | | | Nov-2025 |
Canadian dollar | | U.S. dollar | | | 26 | | | | 3 | | | | 29 | | | Mar-2026 |
Thai baht | | U.S. dollar | | | 5 | | | | 16 | | | | 21 | | | Dec-2025 |
British pound | | U.S. dollar, euro | | | 16 | | | | 12 | | | | 28 | | | Dec-2025 |
Mexican peso | | U.S. dollar | | | | | | | 3 | | | | 3 | | | Jul-2025 |
Swedish krona | | euro | | | | | | | 1 | | | | 1 | | | Jul-2025 |
Australian dollar | | U.S. dollar, euro | | | | | | | 1 | | | | 1 | | | Jul-2025 |
Total forward contracts | | | | | 965 | | | | 191 | | | | 1,156 | | | |
| | | | | | | | | | | | | | | | |
U.S. dollar | | euro | | | 328 | | | | 199 | | | | 527 | | | Nov-2027 |
Euro | | U.S. dollar | | | | | | | 188 | | | | 188 | | | Jun-2026 |
Total currency swaps | | | | | 328 | | | | 387 | | | | 715 | | | |
Total currency derivatives | | | | $ | 1,293 | | | $ | 578 | | | $ | 1,871 | | | |
|
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| | Deferred Gain (Loss) in AOCI | |
| | June 30, 2025 | | | December 31, 2024 | | | Gain (loss) expected to be reclassified into income in one year or less | |
Forward Contracts | | $ | 16 | | | $ | (35 | ) | | $ | 16 | |
Cross-Currency Swaps | | | (1 | ) | | | (3 | ) | | | | |
Total | | $ | 15 | | | $ | (38 | ) | | $ | 16 | |
|
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] |
| | Three Months Ended | | | Six Months Ended | |
| | June 30, | | | June 30, | |
Derivatives Designated as Cash Flow Hedges | | 2025 | | | 2024 | | | 2025 | | | 2024 | |
Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded | | | | | | | | | | | | | | | | |
Net sales | | $ | 1,935 | | | $ | 2,047 | | | $ | 3,716 | | | $ | 4,062 | |
Cost of sales | | | 1,797 | | | | 1,930 | | | | 3,460 | | | | 3,833 | |
Other income (expense), net | | | (10 | ) | | | (8 | ) | | | (11 | ) | | | (8 | ) |
(Gain) or loss on cash flow hedging relationships | | | | | | | | | | | | | | | | |
Foreign currency forwards | | | | | | | | | | | | | | | | |
Amount of (gain) loss reclassified from AOCI into income | | | | | | | | | | | | | | | | |
Cost of sales | | | 5 | | | | (7 | ) | | | 12 | | | | (16 | ) |
Other income (expense), net | | | (1 | ) | | | 4 | | | | | | | | 15 | |
Cross-currency swaps | | | | | | | | | | | | | | | | |
Amount of (gain) loss reclassified from AOCI into income | | | | | | | | | | | | | | | | |
Other income (expense), net | | | 26 | | | | (4 | ) | | | 52 | | | | (18 | ) |
|
Derivatives Not Designated as Hedging Instruments [Table Text Block] |
| | Three Months Ended | | | Six Months Ended | |
| | June 30, | | | June 30, | |
Derivatives Not Designated as Hedging Instruments | | 2025 | | | 2024 | | | 2025 | | | 2024 | |
Gain (loss) recognized in income | | | | | | | | | | | | | | | | |
Foreign currency forward contracts | | | | | | | | | | | | | | | | |
Cost of sales | | $ | 1 | | | $ | 2 | | | $ | — | | | $ | 2 | |
Other income (expense), net | | | (11 | ) | | | (3 | ) | | | (17 | ) | | | (1 | ) |
|