XML 157 R137.htm IDEA: XBRL DOCUMENT v3.25.4
Derivative Financial Instruments (Schedule of Changes in Fair Value of Derivatives) (Details)
€ in Millions, ¥ in Millions, ¥ in Millions, $ in Millions
1 Months Ended 12 Months Ended
Aug. 31, 2023
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2025
JPY (¥)
[2]
Dec. 31, 2025
EUR (€)
Dec. 31, 2025
CNY (¥)
[4]
Mar. 17, 2025
USD ($)
Dec. 31, 2024
JPY (¥)
[2]
Dec. 31, 2024
EUR (€)
Dec. 31, 2024
CNY (¥)
[4]
Apr. 30, 2024
USD ($)
Foreign currency forwards and swaps | Derivatives Not Designated as Hedges [Member]                        
Derivative [Line Items]                        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax   $ 0 $ 0 $ 0                
Gain (loss) recognized in Earnings (loss)   32 (26) $ (19)                
Notional Value   $ 2,184 $ 2,777                  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Foreign exchange gain (loss), net, Other income (expense), net Foreign exchange gain (loss), net, Other income (expense), net Foreign exchange gain (loss), net, Other income (expense), net                
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax   $ 10 $ 0 $ 0                
Gain (loss) recognized in Earnings (loss)   (4) (9) 0                
Cash Flow Hedging [Member] | Commodity Contract [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax   10 0 (5)                
Gain (loss) recognized in Earnings (loss)   3 (2) $ 2                
Notional Value   $ 46 $ 48                  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Cost of Product and Service Sold Cost of Product and Service Sold Cost of Product and Service Sold                
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax   $ 0 $ 0 $ 0                
Gain (loss) recognized in Earnings (loss)   $ (7) $ (7) $ (7)                
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Interest Expense, Operating and Nonoperating Interest Expense, Operating and Nonoperating Interest Expense, Operating and Nonoperating                
Cash Flow Hedging [Member] | Foreign currency forwards and swaps | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax   $ 0 $ 0 $ 5                
Gain (loss) recognized in Earnings (loss)   $ 0 $ 0 $ 5                
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Cost of Product and Service Sold Cost of Product and Service Sold Cost of Product and Service Sold                
Fair Value Hedging | Currency Swap [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Gain (loss) recognized in Earnings (loss) [1]   $ (64) $ 146 $ 9                
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), before Adjustments and Tax [1]   (5) 142 $ (1)                
Notional Value   $ 909 $ 909   ¥ 132,242       ¥ 72,710      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Foreign exchange gain (loss), net Foreign exchange gain (loss), net Foreign exchange gain (loss), net                
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Gain (loss) recognized in Earnings (loss)   $ 0 $ 0 $ 0                
Gain (Loss) On Non-Derivatives and Derivatives Used In Net Investment Hedge   (663) 300 (280)                
Net Investment Hedging [Member] | Currency Swap [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Gain (loss) recognized in Earnings (loss) [3]   0 0 0                
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax [3]   (368) 147 (174)                
Notional Value           € 4,899 ¥ 7,268     € 4,564 ¥ 7,268  
Foreign Currency Denominated Debt [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Gain (loss) recognized in Earnings (loss)   0 0 0                
Gain (Loss) On Non-Derivative Used In Net Investment Hedge   $ (295) $ 153 $ (106)                
Euro Notes Due 2030                        
Derivative [Line Items]                        
Debt Instrument, Term 7 years                      
Euro Notes Due 2030 | Fair Value Hedging | Currency Swap [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Notional Value $ 500                      
Japanese Notes Due 2029 | Fair Value Hedging | Currency Swap [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Notional Value $ 500                      
Senior unsecured notes due 2033, interest rate of 7.200%(1) | Net Investment Hedging [Member] | Currency Swap [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Notional Value                       $ 1,000
JPY Denominated Borrowings | Fair Value Hedging | Currency Swap [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Notional Value               $ 400        
Euro Notes Due 2028                        
Derivative [Line Items]                        
Debt Instrument, Term 5 years                      
Euro Notes Due 2028 | Fair Value Hedging | Currency Swap [Member] | Designated as Hedging Instrument [Member]                        
Derivative [Line Items]                        
Notional Value $ 500                      
[1] On March 17, 2025, in conjunction with the March 2025 Offering (Note 11), the Company entered into cross-currency swaps to effectively convert $400 million of certain senior unsecured notes due April 15, 2030 into Japanese yen-denominated borrowings at prevailing yen interest rates, maturing on April 15, 2030. The swaps qualify and have been designated as fair value hedges of the Company's foreign currency exchange rate exposure on the long-term debt of its Japanese yen-denominated subsidiary.
In August 2023, the Company entered into cross-currency swaps to effectively convert $500 million of certain senior unsecured notes due July 15, 2029 (Note 11) into Japanese yen-denominated borrowings at prevailing yen interest rates, maturing on July 15, 2029. The swaps qualify and have been designated as fair value hedges of the Company's foreign currency exchange rate exposure on the long-term debt of its Japanese yen-denominated subsidiary.
In August 2023, the Company entered into cross-currency swaps to effectively convert $500 million of certain senior unsecured notes due November 15, 2028 (Note 11) into five-year euro-denominated borrowings at prevailing euro interest rates maturing on November 15, 2028. The swaps qualify and have been designated as fair value hedges of the Company's foreign currency exchange rate exposure on the long-term debt of its euro-denominated subsidiary.
In August 2023, the Company entered into cross-currency swaps to effectively convert $500 million of certain senior unsecured notes due November 15, 2030 (Note 11) into seven-year euro-denominated borrowings at prevailing euro interest rates maturing on November 15, 2030. The swaps qualify and have been designated as fair value hedges of the Company's foreign currency exchange rate exposure on the long-term debt of its euro-denominated subsidiary.
[2] Notional amount denominated in Japanese yen.
[3] In April 2024, the Company entered into cross-currency swaps to effectively convert $1.0 billion of senior unsecured notes due November 15, 2033 (Note 11) into Chinese yuan-denominated borrowings at prevailing yuan interest rates, maturing on November 15, 2033. The swaps qualify and have been designated as net investment hedges of the Company's foreign currency exchange rate exposure on the net investment of certain of its Chinese yuan-denominated subsidiaries.
[4] Notional amount denominated in Chinese yuan.