Financial Assets & Liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Investments, All Other Investments [Abstract]

Financial assets and financial liabilities measured at fair value on a recurring basis

The following table presents the company’s financial assets and financial liabilities that are measured at fair value on a recurring basis at June 30, 2026 and December 31, 2025.

	Fair Value Hierarchy Level	At June 30, 2026				At December 31, 2025
($ in millions)		Assets (5)		Liabilities (6)		Assets (5)		Liabilities (6)
Cash equivalents: (1)
Time deposits, certificates of deposit and other (2)	2	$	1,867	N/A		$	7,072	N/A
Money market funds	1	48		N/A		413		N/A
Total cash equivalents		$	1,915	N/A		$	7,485	N/A
Equity investments (3)	1	96		N/A		—		N/A
Debt securities — current (2) (4)	2	960		N/A		830		N/A
Debt securities — noncurrent (2)	2,3	12		N/A		9		N/A
Derivatives designated as hedging instruments:
Interest rate contracts	2	1		209		2		171
Foreign exchange contracts	2	760		347		545		325
Derivatives not designated as hedging instruments:
Foreign exchange contracts	2	29		36		12		14
Equity contracts	2	33		2		34		3
Total		$	3,805	$	595	$	8,916	$	513

(1)Included within cash and cash equivalents in the Consolidated Balance Sheet.

(2)Available-for-sale debt securities with carrying values that approximate fair value.

(3)Included within investments and sundry assets in the Consolidated Balance Sheet.

(4)Term deposits and government securities that are reported within marketable securities in the Consolidated Balance Sheet.

(5)The gross balances of derivative assets contained within prepaid expenses and other current assets, and investments and sundry assets in the Consolidated Balance Sheet at June 30, 2026 were $662 million and $161 million, respectively, and at December 31, 2025 were $232 million and $361 million, respectively.

(6)The gross balances of derivative liabilities contained within other accrued expenses and liabilities, and other liabilities in the Consolidated Balance Sheet at June 30, 2026 were $192 million and $402 million, respectively, and at December 31, 2025 were $254 million and $259 million, respectively.

N/A – not applicable