DERIVATIVES AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table summarizes the Group's outstanding derivative instruments designated as cash flow hedges:

		As of December 31,
		2024			2023
	Hedged Item	Notional ($ in millions)		Expiration date	Notional ($ in millions)		Expiration date
Cross-currency interest rate swaps	Term Loan	$	689	June 30, 2025	$	1,603	September 30, 2024 to June 30, 2025
Cross-currency interest rate swaps	USD Senior Secured Notes	$	525	April 15, 2026	$	—
Interest rate swaps	Term Loan	$	1,949	June 30, 2025 to September 30, 2026	$	1,094	September 30, 2024 to June 30, 2025

The following table summarizes the hedging instruments designated in a net investment hedge and were considered highly effective:

	As of December 31,
	2024			2023
	Notional ($ in millions)		Expiration date	Notional ($ in millions)		Expiration date
Euro denominated debt	$	919	July 31, 2028 to April 29, 2029	$	980	July 21, 2026 to July 31, 2028
Cross-currency interest rate swaps	$	830	June 30, 2025 to September 30, 2026	$	359	June 30, 2025

Schedule of the Fair Value of Derivatives Assets and Liabilities

The following table summarizes the fair value of the Group's derivatives as of December 31, 2024 and 2023:

($ in millions)	Derivative Assets				Derivative Liabilities
	Dec-24		Dec-23		Dec-24		Dec-23
	Balance sheet location	Fair value	Balance sheet location	Fair value	Balance sheet location	Fair value	Balance sheet location	Fair value

Derivatives designated as cash flow hedges:
Cross-currency interest rate swaps	Prepaid expenses and other current assets	$	7	Prepaid expenses and other current assets	$	—	Other current liabilities	$	(9)	Other current liabilities	$	(104)
Cross-currency interest rate swaps	Other non- current assets	5		Other non- current assets	—		Other non- current liabilities	—		Other non- current liabilities	(21)
Interest rate swaps	Prepaid expenses and other current assets	9		Prepaid expenses and other current assets	—		Other current liabilities	—		Other current liabilities	—
Interest rate swaps	Other non- current assets	5		Other non- current assets	—		Other non- current liabilities	—		Other non- current liabilities	—
Total derivatives designated as hedging instrument		$	26		$	—		$	(9)		$	(125)
Derivatives designated as fair value hedges:
Cross-currency interest rate swaps	Prepaid expenses and other current assets	$	2	Prepaid expenses and other current assets	$	—	Other current liabilities	$	—	Other current liabilities	$	—
Cross-currency interest rate swaps	Other non- current assets	82		Other non- current assets	—		Other non- current liabilities	—		Other non- current liabilities	—
Total derivatives not designated as hedging instruments		$	84		$	—		$	—		$	—
Derivatives designated as net investment hedges:
Cross-currency interest rate swaps	Prepaid expenses and other current assets	23		Prepaid expenses and other current assets	—		Other current liabilities	—		Other current liabilities	(1)
Cross-currency interest rate swaps	Other non- current assets	—		Other non- current assets	—		Other non- current liabilities	(5)		Other non- current liabilities	—
Total derivatives designated as hedging instrument		$	23		$	—		$	(5)		$	(1)
Derivatives not designated as hedging instruments:
Cross-currency interest rate swaps	Prepaid expenses and other current assets	—		Prepaid expenses and other current assets	—		Other current liabilities	(1)		Other current liabilities	(52)
Total derivatives not designated as hedging instruments		$	—		$	—		$	(1)		$	(52)
Total derivatives		$	133		$	—		$	(15)		$	(178)