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FAIR VALUE MEASUREMENTS
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
ASC Topic 820 emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering market participant assumptions in fair value measurements, ASC Topic 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair values as follows:

Level 1:Observable inputs such as quoted prices for identical assets or liabilities in active markets;
Level 2:Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and
Level 3:Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions.

Assets and liabilities measured at fair value are based on one or more of the following three valuation techniques noted in ASC Topic 820:

A.Market approach: Prices and other relevant information generated by market transactions involving identical or comparable assets, liabilities or a group of assets or liabilities, such as a business.
B.Cost approach: Amount that would be required to replace the service capacity of an asset (replacement cost).
C.Income approach: Techniques to convert future amounts to a single present amount based upon market expectations (including present value techniques, option-pricing and excess earnings models).

The following tables classify assets and liabilities measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024:
  Basis of fair value measurements 
(in millions)Balance at September 30, 2025Quoted prices in active markets for identical items
(Level 1)		Significant other observable inputs
(Level 2)		Significant unobservable inputs
(Level 3)		Valuation technique
Assets measured at NAV1
Assets:     
Investment in equity securities$28 $— $— $— —$28 
Foreign currency contracts$18 $— $18 $— A$— 
Net investment hedge contracts$17 $— $17 $— A$— 
Liabilities:     
Current earn-out liabilities$3 $— $— $3 C$— 
Net investment hedge contracts$98 $— $20 $— A$— 
Foreign currency contracts$20 $— $98 $— A$— 
  Basis of fair value measurements 
(in millions)Balance at
December 31, 2024		Quoted prices in active markets for identical items
(Level 1)		Significant other observable inputs
(Level 2)		Significant unobservable inputs
(Level 3)		Valuation
technique
Assets measured at NAV1
Assets:     
Investment in equity securities$25 $— $— $— —$25 
Foreign currency contracts$24 $— $24 $— A$— 
Net investment hedge contracts$84 $— $84 $— A$— 
Liabilities:     
Current earn-out liabilities$4 $— $— $4 C$— 
Non-current earn-out liabilities$3 $— $— $3 C$— 
Foreign currency contracts$32 $— $32 $— A$— 
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1 Certain assets that are measured at fair value using the net asset value (“NAV”) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. These amounts represent investments in commingled and managed funds that have underlying assets in fixed income securities, equity securities and other assets and the fair values have been estimated using the net asset value of the Company's ownership interest in partners' capital. The Company’s redemption of its investments with the funds is governed by the partnership agreements and subject to approval from the general partners. With the exception of annual distributions in connection with the Company’s deemed tax liability, distributions from each fund will be received as the underlying investments of the funds are liquidated, the timing of which is unknown.


The following table provides a reconciliation of the Company’s Level 3 earn-out assets and liabilities:
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
(in millions)Current earn-out liabilitiesNon-current earn-out liabilities
Balance at January 1, 2025$4 $3 
Earn-out settlements(4)— 
Reclassification3 (3)
Balance at September 30, 2025$3 $— 

Refer to Note 3, “Acquisitions and Dispositions,” to the Condensed Consolidated Financial Statements for more information regarding earn-outs.