v3.26.1
Derivative Financial Instruments (Schedule of Changes in Fair Value of Derivatives) (Details)
€ in Millions, ¥ in Millions, ¥ in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
EUR (€)
Jun. 30, 2026
JPY (¥)
[3]
Jun. 30, 2026
CNY (¥)
[6]
Jun. 10, 2026
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
EUR (€)
Dec. 31, 2025
JPY (¥)
[3]
Dec. 31, 2025
CNY (¥)
[6]
Mar. 31, 2025
USD ($)
Foreign currency forwards and swaps | Not Designated as Hedging Instrument                          
Derivative [Line Items]                          
Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ 0 $ 0 $ 0 $ 0                  
Gain (Loss) Recognized in Earnings (Loss) 18 $ 45 6 45                  
Derivative, notional amount $ 1,539   1,539           $ 2,184        
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Foreign exchange gain (loss), net, Other income (expense), net Foreign exchange gain (loss), net, Other income (expense), net                      
Cash Flow Hedging | Designated as Hedging Instrument                          
Derivative [Line Items]                          
Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ (3) $ 1 (6) 7                  
Gain (Loss) Recognized in Earnings (Loss) (1) (2) 1 (2)                  
Cash Flow Hedging | Commodity swaps | Designated as Hedging Instrument                          
Derivative [Line Items]                          
Gain (Loss) Recognized in Other Comprehensive Income (Loss) (3) 1 (6) 7                  
Gain (Loss) Recognized in Earnings (Loss) 0 $ 0 4 1                  
Derivative, notional amount $ 56   56           $ 46        
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Product and Service Sold Cost of Product and Service Sold                      
Cash Flow Hedging | Interest rate swaps | Designated as Hedging Instrument                          
Derivative [Line Items]                          
Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ 0 $ 0 0 0                  
Gain (Loss) Recognized in Earnings (Loss) $ (1) $ (2) (3) (3)                  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Expense, Operating and Nonoperating Interest Expense, Operating and Nonoperating                      
Fair Value Hedging | Currency Swap | Designated as Hedging Instrument                          
Derivative [Line Items]                          
Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ 22 [1] $ (123) [1] 66 [2] (147) [2]                  
Gain (Loss) Recognized in Earnings (Loss) $ 36 [1] $ (105) [1] 84 [2] (159) [2]                  
Derivative, notional amount         € 909 ¥ 132,242       € 909 ¥ 132,242    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Foreign exchange gain (loss), net Foreign exchange gain (loss), net                      
Net Investment Hedging | Designated as Hedging Instrument                          
Derivative [Line Items]                          
Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ (23) $ (502) 17 (670)                  
Gain (Loss) Recognized in Earnings (Loss) 0 0 0 0                  
Net Investment Hedging | Currency Swap | Designated as Hedging Instrument                          
Derivative [Line Items]                          
Gain (Loss) Recognized in Other Comprehensive Income (Loss) (21) [4] (307) [4] (6) [5] (387) [5]                  
Gain (Loss) Recognized in Earnings (Loss) 0 [4] 0 [4] 0 [5] 0 [5]                  
Derivative, notional amount         € 3,094   ¥ 8,962     € 4,899   ¥ 7,268  
Foreign Currency Denominated Debt | Net Investment Hedging | Designated as Hedging Instrument                          
Derivative [Line Items]                          
Gain (Loss) Recognized in Other Comprehensive Income (Loss) (2) (195) 23 (283)                  
Gain (Loss) Recognized in Earnings (Loss) $ 0 $ 0 $ 0 $ 0                  
JPY Denominated Borrowings | Fair Value Hedging | Currency Swap | Designated as Hedging Instrument                          
Derivative [Line Items]                          
Derivative, notional amount                         $ 400
USD Denominated Borrowings | Net Investment Hedging | Currency Swap | Designated as Hedging Instrument                          
Derivative [Line Items]                          
Derivative, notional amount               $ 250          
[1] In March 2025, in conjunction with the March 2025 Offering (Note 7), the Company entered into cross-currency swaps to effectively convert $400 million of certain senior unsecured notes due April 15, 2030 into Japanese yen-denominated borrowings at prevailing yen interest rates, maturing on April 15, 2030. The swaps qualify and have been designated as fair value hedges of the Company's foreign currency exchange rate exposure on the long-term debt of its Japanese
yen-denominated subsidiary.
[2] In March 2025, in conjunction with the March 2025 Offering (Note 7), the Company entered into cross-currency swaps to effectively convert $400 million of certain senior unsecured notes due April 15, 2030 into Japanese yen-denominated borrowings at prevailing yen interest rates, maturing on April 15, 2030. The swaps qualify and have been designated as fair value hedges of the Company's foreign currency exchange rate exposure on the long-term debt of its Japanese
yen-denominated subsidiary.
[3] Notional amount denominated in Japanese yen.
[4] On June 10, 2026, the Company entered into a cross-currency swap to effectively convert $250 million of U.S. dollar-denominated borrowings into Chinese yuan-denominated borrowings at prevailing interest rates, maturing on May 15, 2027. The swap qualifies and has been designated as a net investment hedge of the Company's foreign currency exchange rate exposure on the net investment of certain of its Chinese yuan-denominated subsidiaries.
[5] On June 10, 2026, the Company entered into a cross-currency swap to effectively convert $250 million of U.S. dollar-denominated borrowings into Chinese yuan-denominated borrowings at prevailing interest rates, maturing on May 15, 2027. The swap qualifies and has been designated as a net investment hedge of the Company's foreign currency exchange rate exposure on the net investment of certain of its Chinese yuan-denominated subsidiaries.
[6] Notional amount denominated in Chinese yuan.