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FINANCIAL INSTRUMENTS, HEDGING ACTIVITIES AND FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The table below presents the fair values of our financial instruments measured on a recurring basis by level within the fair value hierarchy at September 30, 2025 and December 31, 2024.
September 30, 2025December 31, 2024
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:
Prepaid expenses and other current assets:
Interest rate swaps (1)
$— $1 $— $1 $— $— $— $— 
Cross-currency swaps (2)
— 9 — 9 — 12 — 12 
Other assets:
Cross-currency swaps (2)
— — — — — 5 — 5 
Investments in equity securities
1 — — 1 1 — — 1 
Liabilities:
Other accrued liabilities:
Interest rate swaps (1)
— — — — — 1 — 1 
Contingent consideration— — 2 2 — — 2 2 
Other liabilities:
Interest rate swaps (1)
— 1 — 1 — — — — 
Cross-currency swaps (2)
— 103 — 103 — — — — 
Long-term borrowings:
2029 Dollar Term Loans— 1,690 — 1,690 — 1,709 — 1,709 
2027 Dollar Senior Notes— 499 — 499 — 490 — 490 
2029 Dollar Senior Notes— 664 — 664 — 637 — 637 
2031 Dollar Senior Notes— 524 — 524 — 519 — 519 
(1)    Cash flow hedge
(2)    Net investment hedge
Schedule of Fair Value, Liability Activity
The table below presents a roll forward of activity for the Level 3 liabilities for the nine months ended September 30, 2025.
Fair Value Using Significant Unobservable Inputs
(Level 3)
Beginning balance at December 31, 2024
$2 
Business acquisition1 
Payments(1)
Ending balance at September 30, 2025
$2 
Schedule of Interest Rate Derivatives
Interest Rate Swaps Designated as Cash Flow Hedges
FormerCurrent
Notional amount$150 $175 
Interest rate pay4.692 %3.303 %
Interest rate receive3-month SOFR3-month SOFR
Initial effective date3/27/20249/25/2025
Maximum expiration date
9/30/2025 (1)
6/30/2028
(1)    The interest rate swap was effectively terminated on September 25, 2025.
Schedule of Derivative Instruments
Cross-Currency Swaps Designated as Net Investment Hedges
FormerCurrent
Notional exchanged$150 $175 
Interest rate receive6.692 %5.053 %
Notional received€142 €166 
Interest rate pay4.899 %3.295 %
Initial effective date3/27/20249/25/2025
Maximum expiration date
9/30/2025 (1)
06/30/2028
(1)    The cross-currency swap was effectively amended under new terms on September 25, 2025.
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following table sets forth the locations and amounts recognized during the three and nine months ended September 30, 2025 and 2024 for the Company's cash flow and net investment hedges.
Three Months Ended
September 30,
20252024
Derivatives in Cash Flow and Net Investment HedgesLocation of (Gain) Loss Recognized in Income on DerivativesNet Amount of Gain Recognized in OCI on DerivativesAmount of Gain Recognized in IncomeNet Amount of Loss Recognized in OCI on DerivativesAmount of Gain Recognized in Income
Interest rate swapsInterest expense, net$(1)$— $3 $— 
Cross-currency swaps
Interest expense, net(3)(4)34 (3)
Nine Months Ended
September 30,
20252024
Derivatives in Cash Flow and Net Investment HedgesLocation of (Gain) Loss Recognized in Income on DerivativesNet Amount of (Gain) Loss Recognized in OCI on DerivativesAmount of Gain Recognized in IncomeNet Amount of Loss (Gain) Recognized in OCI on DerivativesAmount of Gain Recognized in Income
Interest rate swapsInterest expense, net$(1)$— $2 $— 
Cross-currency swaps
Interest expense, net102 (13)(14)(11)
Schedule of Derivatives Not Designated as Hedging Instruments
Fair value gains and losses of derivative contracts, as determined using Level 2 inputs, that have not been designated for hedge accounting treatment are recorded in earnings as follows:
Derivatives Not Designated as Hedging
Instruments under ASC 815		Location of Loss (Gain) Recognized in Income on DerivativesThree Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Foreign currency forward contractsOther expense (income), net$2 $— $(20)$(4)