v3.25.3
DERIVATIVES (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Instruments
The following table presents the fair value of derivative instruments:
September 30, 2025December 31, 2024
Outstanding Gross
Notional Amount		Other AssetsOther
Noncurrent liabilities		Outstanding Gross
Notional Amount		Other AssetsOther
Noncurrent liabilities
Derivatives designated as hedging instruments:
Cash flow hedges:     
Interest rate swaps$1,840 $1 $— $1,840 $25 $— 
Cross currency contracts120 3 — 120 14 — 
Foreign currency forward contracts3 — — — — — 
Fair value hedges:     
Cross currency contracts689 3 — 737 54 — 
Net investment hedges:     
Cross currency contracts931 7 1 230 28 — 
Total derivatives designated as hedging instruments3,583 14 1 2,927 121 — 
Derivatives not designated as hedging instruments:
Foreign currency forward contracts487 7 5 77 — — 
Total derivatives$4,070 $21 $6 $3,004 $121 $— 
Summary of Effect of Derivatives on Consolidated Statements of Operations and Accumulated Other Comprehensive (Income) Loss
The following table presents the after tax effect of derivatives on the condensed consolidated statements of operations:
Amount of (income) expense recognized in income
DerivativesLocation of (income) expense
recognized in the condensed consolidated statements of operations		Three Months Ended September 30,
20252024
Cash flow hedging relationships:
Interest rate swapsInterest expense, net$(2)$(9)
Cross currency contractsInvestment (income) expense and other, net— 4 
Cross currency contractsInterest expense, net— (1)
Foreign currency forward contractsInvestment (income) expense and other, net— — 
Fair value hedging relationships:
Cross currency contractsInvestment (income) expense and other, net(10)26 
Cross currency contractsInterest expense, net— (1)
Net investment hedging relationships:
Cross currency contractsInterest expense, net(4)(1)
Not designated as hedging instruments:
Foreign currency forward contractsInvestment (income) expense and other, net— — 
Amount of (income) expense recognized in income
DerivativesLocation of (income) expense
recognized in the condensed consolidated statements of operations		Nine Months Ended September 30,
20252024
Cash flow hedging relationships:
Interest rate swapsInterest expense, net$(7)$(27)
Cross currency contractsInvestment (income) expense and other, net14 1 
Cross currency contractsInterest expense, net(1)(2)
Foreign currency forward contractsInvestment (income) expense and other, net— — 
Fair value hedging relationships:
Cross currency contractsInvestment (income) expense and other, net51 11 
Cross currency contractsInterest expense, net1 (2)
Net investment hedging relationships:
Cross currency contractsInterest expense, net(6)(3)
Not designated as hedging instruments:
Foreign currency forward contractsInvestment (income) expense and other, net— — 
The following table presents the effect of cash flow and fair value hedge accounting on accumulated other comprehensive loss (income) ("AOCI"):
Amount of (gain) loss
recognized in other
comprehensive income		Location of (gain) loss reclassified from
AOCI into income		Amount of (gain) loss
reclassified from
AOCI into income
Three Months Ended September 30,Three Months Ended September 30,
Derivatives2025202420252024
Cash flow hedging relationships:
Interest rate swaps$— $20 Interest expense, net$— $(4)
Cross currency contracts— (1)Investment (income) expense and other, net— 4 
Forward currency forward contracts— — Investment (income) expense and other, net— — 
Fair value hedging relationships:
Cross currency contracts— (3)Investment (income) expense and other, net(12)25 
Interest expense, net— — 
Net investment hedging relationships:
Cross currency contracts(5)5 Interest expense, net(3)1 

Amount of (gain) loss
recognized in other
comprehensive income		Location of (gain) loss reclassified from
AOCI into income		Amount of (gain) loss
reclassified from
AOCI into income
Nine Months Ended
September 30,		Nine Months Ended
September 30,
Derivatives2025202420252024
Cash flow hedging relationships:
Interest rate swaps$18 $8 Interest expense, net$— $(12)
Cross currency contracts(2)— Investment (income) expense and other, net14 1 
Forward currency forward contracts— — Investment (income) expense and other, net— — 
Fair value hedging relationships:
Cross currency contracts(1)(3)Investment (income) expense and other, net48 10 
Interest expense, net2 — 
Net investment hedging relationships:
Cross currency contracts18 — Interest expense, net(3)—