v3.26.3
Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Quantitative Disclosures of Derivative Instruments Including Estimated Fair Values
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
September 30,		Nine Months Ended
September 30,
2026202520262025
Derivatives designated as cash flow hedges(1)
Interest rate swaps$47 $4 $106 $(54)
Forward-currency contracts$— $(6)$9 $(4)
Derivatives designated as net investment hedges
Cross-currency rate swaps$(5)$116 $136 $(367)
(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
September 30,		Nine Months Ended
September 30,
2026202520262025
Derivatives designated as cash flow hedges
Interest rate swapsInterest expense, net$20 $26 $59 $79 
Forward-currency contractsSupply chain cost of sales$2 $— $1 $4 
Location of Gain or (Loss) Recognized in EarningsGain or (Loss) Recognized in Earnings
(Amount Excluded from Effectiveness Testing)
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Derivatives designated as net investment hedges
Cross-currency rate swapsInterest expense, net$21 $23 $65 $67 
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Fair Value as of
September 30,
2026		December 31, 2025Balance Sheet Location
Assets:
Derivatives designated as cash flow hedges
Interest rate$134 $58 Other assets, net
Interest rate— 8 Prepaids and other current assets
Foreign currency5 — Prepaids and other current assets
Derivatives designated as net investment hedges
Foreign currency39 — Other assets, net
Derivatives not designated as hedging instruments(1)
Foreign currency11 — 
Other assets, net
Total assets at fair value$189 $66 
Liabilities:
Derivatives designated as cash flow hedges
Foreign currency$— $3 Other accrued liabilities
Derivatives designated as net investment hedges
Foreign currency160 290 Other liabilities, net
Derivatives not designated as hedging instruments(1)
Foreign currency11 — 
Other liabilities, net
Total liabilities at fair value$171 $293 
(1) These amounts pertain to $800 million of CAD cross-currency rate swaps and $800 million of offsetting swaps both with a maturity date of September 30, 2028. The offsetting changes in fair value of these swaps are recognized in earnings.