v3.26.1
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:
Notional amounts (1)
Other assetsAccrued liabilities
June 30
2026		December 31
2025		June 30
2026		December 31
2025		June 30
2026		December 31
2025
Derivatives designated as hedging instruments:
Foreign exchange contracts$5,593 $5,736 $156 $143 ($102)($77)
Commodity contracts353 435 83 92  (1)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts325 320 5 3 (5)(10)
Total derivatives$6,271 $6,491 $244 $238 ($107)($88)
Netting arrangements(62)(45)62 45 
Net recorded balance$182 $193 ($45)($43)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance
Gains/(Losses) associated with our hedging transactions and forward points recognized in Other comprehensive income, net of tax are presented in the following table:
Six months ended June 30Three months ended June 30

2026202520262025
Recognized in Other comprehensive income, net of tax:
Foreign exchange contracts$4 $201 $29 $134 
Commodity contracts12 5 (5)4 
Reclassification Out of Accumulated Other Comprehensive Income
Gains/(losses) associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Six months ended June 30Three months ended June 30
2026202520262025
Foreign exchange contracts
Revenues$1  
Costs and expenses(13)($12)($7)($8)
General and administrative expense19 (9)8 1 
Commodity contracts
Costs and expenses$4 ($18)$2 ($7)
General and administrative expense3 3 1 1