v3.26.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Foreign Exchange Contracts, Statement of Financial Position The most significant foreign currency derivatives are as follows:
(in millions)Notional Value
Sell CurrencyBuy CurrencySeptember 30,
2026		December 31,
2025
USDEUR$58 $275 
EURSEK36 226 
GBPEUR21 119 
CADEUR8 44 
CADUSD6 37 
EURPLN4 33 
AUDEUR5 25 
$138 $759 
The fair values of our derivative contracts currently included in our hedging program were as follows:
(in millions)September 30, 2026December 31, 2025
Derivatives designated as hedging instruments
Assets
Cash Flow Hedges
Prepaid and other current assets$— $7 
Net Investment Hedges
Other non-current assets$— $— 
Fair Value Hedges
Long-term debt, net$— $— 
Liabilities
Cash Flow Hedges
Accrued and other current liabilities$(5)$(2)
Net Investment Hedges
Other non-current accrued liabilities$(261)$(317)
Fair Value Hedges
Other non-current accrued liabilities$(28)$— 
Schedule of Derivative Instruments
The table below provides information regarding the Company's outstanding interest rate derivatives that were used to hedge changes in fair value attributable to interest rate risk:
(in millions)September 30, 2026December 31, 2025
Carrying amount of hedged debt$565 $— 
Cumulative hedging adjustments, included in carrying amount(28)— 
Effect of derivative financial instruments
The table below presents the effect of our derivative financial instruments on the Condensed Consolidated Income Statements and Statements of Comprehensive Income. Items in the table below reflect changes in "Other comprehensive income (loss)" ("OCI/L") within the Statements of Comprehensive Income:
Three Months EndedNine Months Ended
September 30,September 30,
(in millions)2026202520262025
Derivatives in Cash Flow Hedges
Foreign Exchange Contracts
Amount of (loss)/gain recognized in OCI/L$(2)$1 $(14)$31 
Amount of loss/(gain) reclassified from OCI/L into Revenue3 (3)1 2 
Amount of gain reclassified from OCI/L into Cost of revenue(1)(2)(5)(4)
Derivatives in Net Investment Hedges
Cross-Currency Swaps
Amount of (loss)/gain recognized in OCI/L$(42)$14 $43 $(341)
Amount of income recognized in Interest expense15 11 43 31