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Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2025
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,
2025202420252024
Shares repurchased0.7 0.9 2.0 2.5 
Average price per share$362.00 $339.31 $371.71 $316.57 
Repurchase costs recorded to accumulated deficit
$250 $304 $750 $804 
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,
 2025202420252024
Basic weighted average ordinary shares outstanding215.7 217.4 216.1 209.7 
Dilutive effect of potentially issuable shares1.0 1.0 1.2 0.9 
Diluted weighted average ordinary shares outstanding216.7 218.4 217.3 210.6 
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, 2025$74 $(2,051)$(2,768)$(4,745)
Other comprehensive income (loss) before reclassifications, net10 752 (8)754 
Amounts reclassified from accumulated other comprehensive income
Amounts reclassified from accumulated other comprehensive income (loss)(8)— 110 102 
Tax expense— (28)(26)
Amounts reclassified from accumulated other comprehensive income (loss), net(6)— 82 76 
Net current period other comprehensive income (loss)752 74 830 
Balance at September 30, 2025$78 $(1,299)$(2,694)$(3,915)
 
Change in Fair Value of Financial Instruments (1)
Foreign Currency Translation Adjustments
Postretirement Benefit Obligation (2)
Total
Balance at January 1, 2024$$(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 (1)— 106 105 
Tax expense— — (27)(27)
Amounts reclassified from accumulated other comprehensive income, 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)
(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.