v3.26.1
Derivatives and Hedging Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of notional amounts of outstanding derivative positions
The aggregate notional amount of the fixed-to-fixed cross-currency rate swap contracts were as follows:
(In millions)June 30, 2026December 31, 2025
Currency
Euros
940 940 
Singapore Dollars
828 828 
Canadian Dollars405 405 
Foreign currency transaction gains (losses), net of income tax, related to net investment hedges that were recorded as foreign currency translation within other comprehensive income (loss) in the consolidated statements of comprehensive income were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2026202520262025
Cross-currency rate swap contracts
$(2)$(72)$13 $(93)
Foreign currency-denominated debt
22 (226)85 (323)
Foreign exchange forward contracts10 — 10 — 
The notional amounts of the hedged fixed rate senior notes were as follows:
(In millions)June 30, 2026December 31, 2025
Hedged Notes
5.350% senior notes due March 2031
$175 $— 
5.625% senior notes due August 2033
300 — 
5.150% senior notes due August 2034
500 — 
5.250% senior notes due August 2035
525 —