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Shareholders' Equity (Deficit) (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Share Repurchase Activity
The following table summarizes the Company’s share repurchase activity (in millions, except per share data):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Shares repurchased (1)
0.9 2.6 2.5 6.1 
Average price per share$339.31 $330.98 $316.57 $321.40 
Repurchase costs recorded to accumulated deficit
$304 $850 $804 $1,950 
(1) Included in the 0.9 million and 2.5 million shares repurchased during the three and nine months ended September 30, 2024, respectively, were 10.5 thousand shares that did not settle until October 2024. These shares were settled at an average price per share of $345.04 and total cost of $3.6 million.
Schedule of Components of Weighted Average Number of Shares Outstanding
Weighted average ordinary shares outstanding are as follows (in millions):
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Basic weighted average ordinary shares outstanding217.4 202.9 209.7 204.6 
Dilutive effect of potentially issuable shares1.0 1.7 0.9 1.4 
Diluted weighted average ordinary shares outstanding218.4 204.6 210.6 206.0 
Schedule of Components of Accumulated Other Comprehensive Loss, Net of Related Tax
Changes in Accumulated other comprehensive loss by component, net of related tax, are as follows (in millions):
 
Change in Fair Value of Financial Instruments (1)
Foreign Currency Translation Adjustments
Postretirement Benefit Obligation (2)
Total
Balance at January 1, 2024$2 $(1,584)$(2,791)$(4,373)
Other comprehensive income (loss) before reclassifications, net85 129 (40)174 
Amounts reclassified from accumulated other comprehensive income
Amounts reclassified from accumulated other comprehensive income (loss)(1)— 106 105 
Tax expense— — (27)(27)
Amounts reclassified from accumulated other comprehensive income (loss), net(1)— 79 78 
Net current period other comprehensive income (loss)84 129 39 252 
Balance at September 30, 2024$86 $(1,455)$(2,752)$(4,121)
 
Change in Fair Value of Financial Instruments (1)
Foreign Currency Translation Adjustments
Postretirement Benefit Obligation (2)
Total
Balance at January 1, 2023$(11)$(1,861)$(2,751)$(4,623)
Other comprehensive income (loss) before reclassifications, net1 (28)(26)(53)
Amounts reclassified from accumulated other comprehensive income
Amounts reclassified from accumulated other comprehensive income 7 — 124 131 
Tax expense(2)— (32)(34)
Amounts reclassified from accumulated other comprehensive income, net5 — 92 97 
Net current period other comprehensive income (loss)
6 (28)66 44 
Balance at September 30, 2023$(5)$(1,889)$(2,685)$(4,579)
(1)Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Total revenue, Interest expense, and Compensation and benefits in the Condensed Consolidated Statements of Income. Refer to Note 13 “Derivatives and Hedging” for further information regarding the Company’s derivative and hedging activity.
(2)Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Other income (expense) in the Condensed Consolidated Statements of Income.