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Derivatives and Hedging (Tables)
6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional and Fair Values of Derivative Instruments
The notional and fair values of derivative instruments are as follows (in millions):
 Notional Amount
Net Amount of Derivative Assets
 Presented in the Statements of Financial Position (1)
Net Amount of Derivative Liabilities
 Presented in the Statements of Financial Position (2)
 June 30,
2025
December 31,
2024
June 30,
2025
December 31,
2024
June 30,
2025
December 31,
2024
Foreign exchange contracts      
Accounted for as hedges$480 $597 $30 $25 $— $— 
Not accounted for as hedges (3)
580 394 — — 
Total$1,060 $991 $31 $25 $— $
(1)Included within Other current assets ($26 million at June 30, 2025 and $15 million at December 31, 2024) or Other non-current assets ($5 million at June 30, 2025 and $10 million at December 31, 2024).
(2)Included within Other current liabilities ($1 million at December 31, 2024).
(3)These contracts typically are for 90-day durations and executed close to the last day of the most recent reporting month, thereby resulting in nominal fair values at the balance sheet date.
Schedule of Derivative Gains (Losses)
The amounts of derivative gains recognized in the Condensed Consolidated Financial Statements are as follows (in millions):
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Gain recognized in Accumulated other comprehensive loss$20 $$22 $101 
The amounts of derivative gains (losses) reclassified from Accumulated other comprehensive loss to the Condensed Consolidated Statements of Income are as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Total revenue$$$$(2)
Interest expense$$— $$— 
Total$$$$(2)