v3.26.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Location and Fair Values of Derivative Financial Instruments in our Condensed Consolidated Statements of Financial Position
The following table provides information on the location and fair values of derivative financial instruments included in our unaudited consolidated statements of financial position as of:
 (in millions)September 30, 2026December 31, 2025
Designation of DerivativesLocation on Statement of
Financial Position		AssetsLiabilitiesAssets  Liabilities
Foreign exchange forward contracts – Designated as cash flow hedging instruments
Other current assets$2 $— $1 $— 
Other noncurrent assets2 — — — 
Accrued expenses and other current liabilities— 95 — 63 
Other noncurrent liabilities— 18 — 22 
Total4 113 1 85 
Foreign exchange forward contracts – Not designated as hedging instrumentsOther current assets2 — 2 — 
Accrued expenses and other current liabilities— 3 — 1 
Total2 3 2 1 
Total$6 $116 $3 $86 
Notional value of outstanding contracts by year of maturity
The notional value of the outstanding contracts by year of maturity was as follows:
(in millions)September 30, 2026December 31, 2025
2026$635 $2,290 
20271,800 1,020 
2028590 — 
Total notional value of contracts outstanding
$3,025 $3,310 
Additional Information Related to Outstanding Contracts not Designated as Hedging Instruments
Additional information related to the outstanding foreign exchange forward contracts not designated as hedging instruments was as follows:
(in millions)September 30, 2026December 31, 2025
NotionalFair ValueNotionalFair Value
Contracts outstanding$653 $(1)$748 $1 
Location and Amounts of Pre-Tax Gains (Losses) on Derivative Financial Instruments not Designated as Hedges
The following table provides information on the location and amounts of realized and unrealized pre-tax gains and losses on the other derivative financial instruments for the three and nine months ended September 30:
Location of Net (Losses) Gains on Derivative InstrumentsAmount of Net (Losses) Gains on Derivative Instruments
  (in millions)2026202520262025
Foreign exchange forward contracts – Not designated as hedging instrumentsForeign currency exchange gains (losses), net$(2)$5 $(2)$(3)