Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:

	Notional amounts (1)		Other assets		Accrued liabilities
	March 31 2026	December 31 2025	March 31 2026	December 31 2025	March 31 2026	December 31 2025
Derivatives designated as hedging instruments:
Foreign exchange contracts	$5,694	$5,736	$148	$143	($124)	($77)
Commodity contracts	397	435	111	92		(1)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	290	320	4	3	(3)	(10)
Total derivatives	$6,381	$6,491	$263	$238	($127)	($88)
Netting arrangements			(67)	(45)	67	45
Net recorded balance			$196	$193	($60)	($43)

(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.

Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance

(Losses)/gains associated with our hedging transactions and forward points recognized in Other comprehensive income, net of tax are presented in the following table:

	Three months ended March 31
	2026	2025
Recognized in Other comprehensive income, net of tax:
Foreign exchange contracts	($25)	$67
Commodity contracts	17	1

Reclassification Out of Accumulated Other Comprehensive Income

Gains/(losses) associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:

	Three months ended March 31
	2026	2025
Foreign exchange contracts
Revenues	$1
Costs and expenses	(6)	($4)
General and administrative expense	11	(10)
Commodity contracts
Costs and expenses	$2	($11)
General and administrative expense	2	2