Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivatives Included in the Consolidated Balance Sheet

A summary of the amounts included in the Consolidated Balance Sheet relating to cross-currency interest rate swaps was as follows:


	(Stated in millions)

	Jun. 30, 2026				Dec. 31, 2025
Other current assets	$	53			$	93
Other Assets	$	58			$	110
Other Liabilities	$	12			$	6

Effect of Derivative Instruments Designated as Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of Income

The effect of derivative instruments designated as cash flow hedges, and those not designated as hedges, on the Consolidated Statement of Income was as follows:


									(Stated in millions)

	Gain (Loss) Recognized in Income
	Second Quarter								Six Months
	2026				2025				2026				2025				Consolidated Statement of Income Classification
Derivatives designated as cash flow hedges:
Cross-currency interest rate swaps	$	(40	)		$	330			$	(143	)		$	467			Cost of services/sales
Cross-currency interest rate swaps		(18	)			(18	)			(35	)			(37	)		Interest expense
Foreign currency forward contracts		(19	)			-				(35	)			(1	)		Cost of services/sales
Foreign currency forward contracts		14				4				28				-			Revenue
	$	(63	)		$	316			$	(185	)		$	429
Derivatives not designated as hedges:
Foreign currency forward contracts	$	13			$	(17	)		$	8			$	42			Cost of services/sales