Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts

Forward currency contracts consist of (in millions):

	Currency Denomination
	March 31,		December 31,
Currency	2024		2023
Colombian Peso	COP	46,764	COP	57,487
South Korean Won	KRW	26,739	KRW	—
Norwegian Krone	NOK	2,668	NOK	2,179
Japanese Yen	JPY	1,118	JPY	1,118
U.S. Dollar	USD	853	USD	677
Brazilian Real	BRL	291	BRL	291
Mexican Peso	MXN	168	MXN	157
Euro	EUR	134	EUR	102
Singapore Dollar	SGD	27	SGD	23
South African Rand	ZAR	25	ZAR	25
British Pound Sterling	GBP	7	GBP	5
Danish Krone	DKK	4	DKK	2
Canadian Dollar	CAD	2	CAD	1

Derivative Instruments and their Balance Sheet Classifications

The Company has the following fair values of its derivative instruments and their balance sheet classifications (in millions):

	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet	March 31,		December 31,		Balance Sheet	March 31,		December 31,
	Location	2024		2023		Location	2024		2023
Derivatives designated as hedging    instruments under ASC Topic 815
Foreign exchange contracts	Prepaid and other current assets	$	—	$	8	Accrued liabilities	$	4	$	2
Foreign exchange contracts	Other assets		—		—	Other liabilities		—		1
Total derivatives designated as hedging    instruments under ASC Topic 815		$	—	$	8		$	4	$	3
Derivatives not designated as hedging    instruments under ASC Topic 815
Foreign exchange contracts	Prepaid and other current assets	$	3	$	11	Accrued liabilities	$	14	$	17
Foreign exchange contracts	Other assets		—		—	Other liabilities		—		1
Total derivatives not designated as    hedging instruments under ASC Topic 815		$	3	$	11		$	14	$	18
Total derivatives		$	3	$	19		$	18	$	21