v3.26.1
Derivative instruments and hedging activities (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Derivatives
As of March 31, 2026, the Company had the following effective interest rate derivatives that were designated as cash flow hedging instruments.
Number of InstrumentsNotionalEffective DateMaturity Date
Interest rate derivatives:(in millions)
Interest rate swap2USD500 December 31, 2025February 15, 2028
Interest rate swap3USD750 January 9, 2026February 15, 2028
Schedule of Derivative Instruments, Gain (Loss)
The table below presents the effect of the Company’s interest rate derivatives that are designated as hedging instruments in the condensed consolidated statements of operations and comprehensive income (loss) (in millions). Gain (loss) reclassified from accumulated other comprehensive income (“AOCI”) into earnings for interest rate contracts is presented in Interest expense, net.
Interest Rate Derivatives in Cash Flow Hedging RelationshipsAmount of Gain (Loss) Recognized in OCI on DerivativesAmount of Gain (Loss) Reclassified from AOCI into Earnings
Three Months Ended March 31,Three Months Ended March 31,
2026202520262025
Included in effectiveness testing$8 $1 $2 $19 
Schedule of Fair Value of Derivative Instruments
The table below presents the fair value of the Company’s interest rate derivative contracts as well as their classification in the condensed consolidated balance sheets:
(in millions)March 31, 2026December 31, 2025
Prepaid expenses and other current assets$6 $3 
Other assets$4 $—