Derivative 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


Foreign Currency Hedges
June 2026	Cash Flow	Net Investment	Non- Designated	Total
Gross notional amount	$1,925	$2,566	$3,268	$7,759
Maximum term in years				8.2
Fair value:
Other current assets	$28	$—	$41	$69
Other noncurrent assets	3	9	—	12
Other current liabilities	(28)	(39)	(9)	(76)
Other noncurrent liabilities	(3)	(28)	—	(31)
Total fair value	$—	$(58)	$32	$(26)


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				Six Months
Derivative Instrument	Recognized in:	2026		2025		2026		2025
Cash Flow	Cost of sales	$11		$3		$24		$5
Net Investment	Other income	10		11		20		22
Non- Designated	Other income	3		15		2		28
	Total	$24		$29		$46		$55