Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value


Foreign Currency Hedges
September 2026	Cash Flow	Net Investment	Non- Designated	Total
Gross notional amount	$1,967	$2,552	$3,256	$7,775
Maximum term in years				8.0
Fair value:
Other current assets	$14	$—	$37	$51
Other noncurrent assets	2	14	—	16
Other current liabilities	(36)	(35)	(11)	(82)
Other noncurrent liabilities	(3)	(13)	—	(16)
Total fair value	$(23)	$(34)	$26	$(31)


December 2025	Cash Flow	Net Investment	Non- Designated	Total
Gross notional amount	$1,738	$2,647	$4,391	$8,776
Maximum term in years				8.7
Fair value:
Other current assets	$33	$—	$11	$44
Other noncurrent assets	2	—	—	2
Other current liabilities	(10)	(71)	(21)	(102)
Other noncurrent liabilities	(2)	(66)	—	(68)
Total fair value	$23	$(137)	$(10)	$(124)

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location


		Three Months				Nine Months
Derivative Instrument	Recognized in:	2026		2025		2026		2025
Cash Flow	Cost of sales	$5		$8		$29		$13
Net Investment	Other income	10		11		30		33
Non- Designated	Other income	(3)		3		(2)		31
	Total	$12		$22		$57		$77