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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Designated [Member]  
Schedule of Derivative Instruments Designated/Nondesignated As Hedging Instrument Effect on Condensed Consolidated Statements of Comprehensive Income The effects of the material derivative instruments that are designated as hedging instruments on the condensed consolidated statements of comprehensive income for the three and six months ended June 30, 2022 and 2021 are below.

 

 

(Loss)/gain recognized in OCI (effective element)

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Forward exchange contracts

 

$

(5

)

 

$

1

 

 

$

(6

)

 

$

5

 

Location of gain/(loss) reclassified from Accumulated OCL into income (effective element)

 

Gain/(loss) reclassified from Accumulated OCL into income (effective element)

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue

 

$

1

 

 

$

(1

)

 

$

1

 

 

$

(2

)

Salaries and benefits

 

 

(1

)

 

 

2

 

 

 

1

 

 

 

3

 

Discontinued operations

 

 

 

 

 

2

 

 

 

 

 

 

3

 

 

 

$

 

 

$

3

 

 

$

2

 

 

$

4

 

Nondesignated [Member]  
Schedule of Derivative Instruments Designated/Nondesignated As Hedging Instrument Effect on Condensed Consolidated Statements of Comprehensive Income

The effects of derivatives that have not been designated as hedging instruments on the condensed consolidated statements of comprehensive income for the three and six months ended June 30, 2022 and 2021 are as follows:

 

 

 

 

 

Loss recognized in income

 

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

Derivatives not designated as hedging instruments:

 

Location of loss
recognized in income

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Forward exchange contracts

 

Other income, net

 

$

(20

)

 

$

(13

)

 

$

(26

)

 

$

(29

)