Derivatives And Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of December 31, 2022, 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	96,785	pounds	$	365

Foreign Currency	Quantity Hedged	Unit of Measure	Notional Amount (Approximate USD Equivalent)
	(in millions)
Mexican Peso	22,516	MXN	$	1,155
Chinese Yuan Renminbi	3,223	RMB	465
Euro	128	EUR	135
Polish Zloty	730	PLN	165
Hungarian Forint	24,013	HUF	65

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, 2022 and 2021 are as follows:

	Asset Derivatives			Liability Derivatives			Net Amounts of Assets and (Liabilities) Presented in the Balance Sheet
	Balance Sheet Location	December 31, 2022		Balance Sheet Location	December 31, 2022		December 31, 2022
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	Other current assets	$	—	Accrued liabilities	$	28
Foreign currency derivatives*	Other current assets	54		Other current assets	11		$	43
Commodity derivatives	Other long-term assets	—		Other long-term liabilities	7
Foreign currency derivatives*	Other long-term assets	17		Other long-term assets	3		14
Foreign currency derivatives*	Other long-term liabilities	1		Other long-term liabilities	1		—
Derivatives designated as net investment hedges:
Foreign currency derivatives	Other current assets	—		Accrued liabilities	1
Total derivatives designated as hedges		$	72		$	51
Derivatives not designated:
Foreign currency derivatives*	Other current assets	$	1	Other current assets	$	—	1
Total derivatives not designated as hedges		$	1		$	—

	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

* 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, 2022, 2021 and 2020 are as follows:

Year Ended December 31, 2022	(Loss) Gain Recognized in OCI		(Loss) Gain Reclassified from OCI into Income
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	$	(70)	$	(5)
Foreign currency derivatives	90		19
Derivatives designated as net investment hedges:
Foreign currency derivatives	7		—
Total	$	27	$	14

	Loss Recognized in Income
	(in millions)
Derivatives not designated:
Foreign currency derivatives	$	(8)
Total	$	(8)

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	$	—