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Fair Value Measurements and Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Derivative Instruments and Other Financial Instruments
The following table summarizes the fair value of the Company’s derivative instruments and other financial instruments which are carried at fair value in the Company’s Condensed Consolidated Balance Sheets at March 31, 2025 and December 31, 2024:


 AssetsLiabilities
  
Account		Fair ValueAccountFair Value
Designated derivative instrumentsMarch 31, 2025December 31, 2024 March 31, 2025December 31, 2024
Foreign currency contractsOther current assets$28 $33 Other accruals$15 $22 
Commodity contractsOther current assets— — Other accruals1 1 
Total designated$28 $33  $16 $23 
Other financial instruments     
Marketable securitiesOther current assets$199 $160    
Total other financial instruments$199 $160    
Schedule of Notional Values
The following tables present the notional values as of:

 March 31, 2025
 Foreign Currency ContractsForeign Currency DebtCommodity Contracts 
Total
Fair Value Hedges $1,829 $— $— $1,829 
Cash Flow Hedges 1,036 — 15 1,051 
Net Investment Hedges340 3,831 — 4,171 

 December 31, 2024
 Foreign Currency ContractsForeign Currency DebtCommodity Contracts 
Total
Fair Value Hedges $1,669 $— $— $1,669 
Cash Flow Hedges 1,023 — 18 1,041 
Net Investment Hedges289 3,750 — 4,039 
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)
The following table presents the amount of gain (loss) on net investment hedges recognized in the Company’s AOCI:


Gain (Loss) Recognized in AOCI
Three Months Ended March 31,
20252024
Hedging instruments:
Foreign currency contracts$(7)$2 
Foreign currency debt(167)106 
Total gain (loss) on net investment hedges$(174)$108