Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

Assets and liabilities of the Company are measured at fair value on a recurring basis as of June 30, 2022 and are summarized as follows:

			Fair Value Measurements at Reporting Date Using
Description	June 30, 2022		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	306	$	306	$	—	$	—
Available-for-sale investments:
Time deposits and certificates of deposit		1		—		1		—
Banker's acceptance drafts		1		—		1		—
Group insurance contracts		6		—		6		—
Derivatives
Foreign exchange forward contracts		13		—		13		—
Interest rate hedge - non-current		29		—		29
Pension and deferred compensation plan assets		21		—		21		—
Total assets	$	377	$	306	$	71	$	—
Liabilities:
Derivatives – foreign exchange forward contracts	$	1	$	—	$	1	$	—
Total liabilities	$	1	$	—	$	1	$	—
Reported as follows:
Assets:
Cash equivalents	$	306	$	306	$	—	$	—
Short-term investments		2		—		2		—
Other current assets		13		—		13		—
Total current assets	$	321	$	306	$	15	$	—
Other assets	$	56	$	—	$	56	$	—
Liabilities:
Other current liabilities	$	1	$	—	$	1	$	—

Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2021 and are summarized as follows:

			Fair Value Measurements at Reporting Date Using
Description	December 31, 2021		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	55	$	55	$	—	$	—
U.S. treasury obligations		175		—		175		—
Available-for-sale investments:
Time deposits and certificates of deposit		22		—		22		—
Commercial paper		42				42
U.S. treasury obligations		11		—		11		—
U.S. agency obligations		1				1
Group insurance contracts		6		—		6		—
Derivatives
Foreign exchange forward contracts		3		—		3		—
Foreign currency options		3		—		3		—
Interest rate hedge - non-current		9		—		9		—
Pension and deferred compensation plan assets		20		—		20		—
Total assets	$	347	$	55	$	292	$	—
Liabilities:
Derivatives
Foreign exchange forward contracts	$	1	$	—	$	1	$	—
Interest rate hedge - non-current		5		—		5		—
Total liabilities	$	6	$	—	$	6	$	—
Reported as follows:
Assets:
Cash equivalents	$	230	$	55	$	175	$	—
Short-term investments		76		—		76		—
Other current assets		6		—		6
Total current assets	$	312	$	55	$	257	$	—
Other assets	$	35	$	—	$	35	$	—
Liabilities:
Other current liabilities	$	1	$	—	$	1	$	—
Other liabilities	$	5	$	—	$	5	$	—