v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Quantitative Disclosures of Derivative Instruments
The following tables present the required quantitative disclosures for our derivative instruments, including their estimated fair values (all estimated using Level 2 inputs) and their location on our condensed consolidated balance sheets (in millions):
Gain or (Loss) Recognized in Other Comprehensive Income (Loss)
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Derivatives designated as cash flow hedges(1)
Interest rate swaps$33 $(17)$59 $(58)
Forward-currency contracts$4 $2 $9 $2 
Derivatives designated as net investment hedges
Cross-currency rate swaps$40 $(420)$141 $(483)
(1) We did not exclude any components from the cash flow hedge relationships presented in this table.
Location of Gain or (Loss) Reclassified from AOCI into EarningsGain or (Loss) Reclassified from
AOCI into Earnings
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Derivatives designated as cash flow hedges
Interest rate swapsInterest expense, net$19 $27 $39 $53 
Forward-currency contractsSupply chain cost of sales$— $1 $(1)$4 
Location of Gain or (Loss) Recognized in EarningsGain or (Loss) Recognized in Earnings
(Amount Excluded from Effectiveness Testing)
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Derivatives designated as net investment hedges
Cross-currency rate swapsInterest expense, net$22 $22 $44 $44 
Schedule of Fair Value Measurements
Fair Value as of
June 30,
2026		December 31, 2025Balance Sheet Location
Assets:
Derivatives designated as cash flow hedges
Interest rate$96 $58 Other assets, net
Interest rate3 8 Prepaids and other current assets
Foreign currency8 — Prepaids and other current assets
Derivatives designated as net investment hedges
Foreign currency47 — Other assets, net
Derivatives not designated as hedging instruments
Foreign currency16 — Prepaids and other current assets
Total assets at fair value$170 $66 
Liabilities:
Derivatives designated as cash flow hedges
Foreign currency$— $3 Other accrued liabilities
Derivatives designated as net investment hedges
Foreign currency175 290 Other liabilities, net
Derivatives not designated as hedging instruments
Foreign currency16 — Other accrued liabilities
Total liabilities at fair value$191 $293