v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Outstanding Derivative Instruments The following table presents the fair values of our outstanding derivative instruments as of the dates indicated (in millions):
Balance Sheet LocationJune 30,
2026		December 31,
2025
Derivative Assets:
Foreign exchange contracts designated as cash flow hedgesOther current assets$28 $8 
Foreign exchange contracts not designated as hedging instrumentsOther current assets22 9 
Foreign exchange contracts designated as cash flow hedgesOther assets14 12 
Warrants and other
Other assets3 10 
Total derivative assets$67 $39 
Derivative Liabilities:
Foreign exchange contracts designated as cash flow hedgesOther current liabilities$5 $5 
Foreign exchange contracts not designated as hedging instrumentsOther current liabilities18 5 
Interest rate contracts designated as fair value hedges
Other liabilities
8 2 
Total derivative liabilities$31 $12 
Total fair value of derivative instruments$36 $27 
Schedule of Activity of Derivative Contracts that Qualify for Hedge Accounting and the Impact of Designated Derivative Contracts on Accumulated Other Comprehensive Income
The following tables present the activity of derivative instruments designated as cash flow hedges gross of tax as of June 30, 2026 and December 31, 2025, and the impact of these derivative contracts on AOCI as of the dates indicated (in millions): 
December 31, 2025Amount of Gain Recognized in Other Comprehensive Income
Less: Amount of Gain (Loss) Reclassified From AOCI to Earnings
June 30, 2026
Foreign exchange contracts designated as cash flow hedges$(44)$25 $(14)$(5)
Interest rate contracts designated as cash flow hedges37 — 3 34 
Total
$(7)$25 $(11)$29 
December 31, 2024
Amount of Loss Recognized in Other Comprehensive Income
Less: Amount of Gain Reclassified From AOCI to EarningsJune 30, 2025
Foreign exchange contracts designated as cash flow hedges$25 $(105)$2 $(82)
Interest rate contracts designated as cash flow hedges50 (3)4 43 
Total
$75 $(108)$6 $(39)
Schedule of Location in Financial Statements of Recognized Gain or Losses Related to Derivative Instruments
The following table summarizes the total loss recognized on our condensed consolidated statement of income from our foreign exchange derivative contracts by location for the periods indicated (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Gain (loss) from foreign exchange contracts designated as cash flow hedges recognized in net revenues
$(1)$(6)$(14)$2 
Loss from foreign exchange contracts not designated as hedging instruments recognized in interest income and other, net(3)(6)(4)(5)
Total loss recognized from foreign exchange derivative contracts in the condensed consolidated statement of income$(4)$(12)$(18)$(3)

The following table summarizes the total gain recognized on our condensed consolidated statement of income from our interest rate derivative contracts by location for the periods indicated (in millions): 
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Gain from interest rate contracts designated as cash flow hedges recognized in interest expense
$1 $2 $3 $4 
Loss from interest rate contracts designated as fair value hedges recognized in interest expense(4)— (6)— 
Gain from hedged items attributable to hedged risk recognized in interest and other, net4 — 6 — 
Total gain recognized from interest rate derivative contracts in the condensed consolidated statement of income
$1 $2 $3 $4 
The following table summarizes the total gain (loss) recognized on our condensed consolidated statement of income due to changes in the fair value of the warrants for the periods indicated (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Gain (loss) attributable to changes in the fair value of warrants recognized in gain (loss) on equity investments and warrants, net$2 $— $(7)$— 
Schedule of Notional Amounts of Outstanding Derivatives The following table presents the notional amounts of our outstanding derivatives as of the dates indicated (in millions):
June 30,
2026		December 31,
2025
Foreign exchange contracts designated as cash flow hedges$1,550 $1,677 
Foreign exchange contracts not designated as hedging instruments2,231 1,914 
Interest rate contracts designated as fair value hedges400 400 
Total$4,181 $3,991