Derivatives And Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of December 31, 2021, the Company had the following outstanding notional amounts related to commodity and foreign currency forward and option contracts designated as cash flow hedges that were entered into to hedge forecasted exposures:

Commodity	Quantity Hedged	Unit of Measure	Notional Amount (Approximate USD Equivalent)
	(in thousands)		(in millions)
Copper	81,578	pounds	$	355

Foreign Currency	Quantity Hedged	Unit of Measure	Notional Amount (Approximate USD Equivalent)
	(in millions)
Mexican Peso	21,122	MXN	$	1,030
Chinese Yuan Renminbi	2,709	RMB	425
Euro	107	EUR	120
Polish Zloty	571	PLN	140
Hungarian Forint	17,594	HUF	55

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

The fair value of derivative financial instruments recorded in the consolidated balance sheets as of December 31, 2021 and 2020 are as follows:

	Asset Derivatives			Liability Derivatives			Net Amounts of Assets and (Liabilities) Presented in the Balance Sheet
	Balance Sheet Location	December 31, 2021		Balance Sheet Location	December 31, 2021		December 31, 2021
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	Other current assets	$	27	Accrued liabilities	$	—
Foreign currency derivatives*	Other current assets	15		Other current assets	9		$	6
Foreign currency derivatives*	Accrued liabilities	5		Accrued liabilities	16		(11)
Commodity derivatives	Other long-term assets	2		Other long-term liabilities	—
Foreign currency derivatives*	Other long-term assets	2		Other long-term assets	1		1
Foreign currency derivatives*	Other long-term liabilities	1		Other long-term liabilities	8		(7)
Derivatives designated as net investment hedges:
Foreign currency derivatives	Other current assets	—		Accrued liabilities	1
Total derivatives designated as hedges		$	52		$	35
Derivatives not designated:
Commodity derivatives	Other current assets	$	5	Accrued liabilities	$	—
Foreign currency derivatives*	Accrued liabilities	—		Accrued liabilities	1		(1)
Total derivatives not designated as hedges		$	5		$	1

	Asset Derivatives			Liability Derivatives			Net Amounts of Assets and (Liabilities) Presented in the Balance Sheet
	Balance Sheet Location	December 31, 2020		Balance Sheet Location	December 31, 2020		December 31, 2020
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	Other current assets	$	26	Accrued liabilities	$	—
Foreign currency derivatives*	Other current assets	24		Other current assets	5		$	19
Foreign currency derivatives*	Accrued liabilities	7		Accrued liabilities	13		(6)
Commodity derivatives	Other long-term assets	9		Other long-term liabilities	—
Foreign currency derivatives*	Other long-term assets	17		Other long-term assets	4		13
Foreign currency derivatives*	Other long-term liabilities	—		Other long-term liabilities	1		(1)
Derivatives designated as net investment hedges:
Foreign currency derivatives	Other current assets	—		Accrued liabilities	2
Total derivatives designated as hedges		$	83		$	25
Derivatives not designated:
Foreign currency derivatives*	Other current assets	$	3	Other current assets	$	—	3
Total derivatives not designated as hedges		$	3		$	—

* Derivative instruments within this category are subject to master netting arrangements and are presented on a net basis in the consolidated balance sheets in accordance with accounting guidance related to the offsetting of amounts related to certain contracts.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The pre-tax effects of derivative financial instruments in the consolidated statements of operations and consolidated statements of comprehensive income for the years ended December 31, 2021, 2020 and 2019 are as follows:

Year Ended December 31, 2021	Gain (Loss) Recognized in OCI		Gain (Loss) Reclassified from OCI into Income
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	$	60	$	68
Foreign currency derivatives	(35)		(3)
Derivatives designated as net investment hedges:
Foreign currency derivatives	(17)		—
Total	$	8	$	65

	Gain (Loss) Recognized in Income
	(in millions)
Derivatives not designated:
Commodity derivatives	$	3
Foreign currency derivatives	(5)
Total	$	(2)

Year Ended December 31, 2020	Gain (Loss) Recognized in OCI		Loss Reclassified from OCI into Income
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	$	31	$	(7)
Foreign currency derivatives	(23)		(14)
Derivatives designated as net investment hedges:
Foreign currency derivatives	(2)		—
Total	$	6	$	(21)

	Gain Recognized in Income
	(in millions)
Derivatives not designated:
Foreign currency derivatives	$	—
Total	$	—

Year Ended December 31, 2019	Gain (Loss) Recognized in OCI		(Loss) Gain Reclassified from OCI into Income
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	$	7	$	(15)
Foreign currency derivatives	44		9
Derivatives designated as net investment hedges:
Foreign currency derivatives	(1)		—
Total	$	50	$	(6)

	Gain Recognized in Income
	(in millions)
Derivatives not designated:
Foreign currency derivatives	$	1
Total	$	1