Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value


Foreign Currency Hedges
March 2026	Cash Flow	Net Investment	Non- Designated	Total
Gross notional amount	$1,242	$2,583	$3,744	$7,569
Maximum term in years				8.5
Fair value:
Other current assets	$24	$—	$49	$73
Other noncurrent assets	—	9	—	9
Other current liabilities	(16)	(47)	(10)	(73)
Other noncurrent liabilities	(1)	(28)	—	(29)
Total fair value	$7	$(66)	$39	$(20)


December 2025	Cash Flow	Net Investment	Non- Designated	Total
Gross notional amount	$1,738	$2,647	$4,391	$8,776
Maximum term in years				8.7
Fair value:
Other current assets	$33	$—	$11	$44
Other noncurrent assets	2	—	—	2
Other current liabilities	(10)	(71)	(21)	(102)
Other noncurrent liabilities	(2)	(66)	—	(68)
Total fair value	$23	$(137)	$(10)	$(124)

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location


		Three Months
Derivative Instrument	Recognized in:	2026		2025
Cash Flow	Cost of sales	$13		$2
Net Investment	Other income	10		11
Non-Designated	Other income	(1)		13
	Total	$22		$26