XML 53 R36.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Derivatives and Hedging Instruments (Tables)
6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Location and Amounts of Derivative Fair Values in the Condensed Consolidated Balance Sheets
The following tables provide information on the location and amounts of derivative fair values in the Condensed Consolidated Balance Sheets:
Fair Values of Derivative Instruments
June 30, 2024
In millions
Balance Sheet
Location
Notional
Amount
Fair
Value
Balance Sheet
Location
Notional
Amount
Fair
Value
Derivatives not designated as hedging instruments
Foreign exchange contractsPrepaid and other current assets$1 Other current liabilities$ 
Total foreign exchange contracts$323 $1 $31 $ 
Total derivatives not designated as hedging instruments$1 $ 
 Fair Values of Derivative Instruments
 December 31, 2023
In millions
Balance Sheet
Location
Notional
Amount
Fair
Value
Balance Sheet
Location
Notional
Amount
Fair
Value
Derivatives not designated as hedging instruments
Foreign exchange contractsPrepaid and other current assets$Other current liabilities$(4)
Total foreign exchange contracts$402 $$207 $(4)
Total derivatives not designated as hedging instruments$$(4)
Schedule of Effects of Derivative Instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income
The effects of derivative instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2024 and 2023 were as follows:
In millionsAmount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on Derivative Contracts Amount of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations
Derivatives in Cash Flow Hedging RelationshipsFor the three months ended June 30, 2024For the three months ended June 30, 2023Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of OperationsFor the three months ended June 30, 2024For the three months ended June 30, 2023
Interest rate contracts$ $35 Cost of services$ $(19)
Interest rate contracts$ $— Interest expense$ $(5)
In millionsAmount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on DerivativeAmount of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations
Derivatives in Cash Flow Hedging RelationshipsFor the six months ended June 30, 2024For the six months ended June 30, 2023Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of OperationsFor the six months ended June 30, 2024For the six months ended June 30, 2023
Interest rate contracts$ $24 Cost of services$ $(34)
Interest rate contracts$ $— Interest expense$ $(9)
Schedule of Derivatives Not Designated as Hedging Instruments
 Amount of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations
In millionsThree months ended June 30Six months ended June 30
Derivatives not Designated as Hedging InstrumentsLocation of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations2024202320242023
Foreign exchange contractsOther income (expense), net$(6)$(3)$(12)$(8)
Interest rate contracts Cost of services $ $14 $ $14 
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following tables show the impact of the Company’s cash flow hedge accounting relationships on the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2024 and 2023.
Location and Amount of (Gain) Loss Recognized in Income on Cash Flow Hedging Relationships for the three months ended June 30:
In millionsCost of ServicesInterest Expense
2024202320242023
Total amount of expense presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded$453 $413 $41 $91 
Amount of (gain) loss reclassified from Accumulated other comprehensive loss, net of expense$ $(19)$ $(5)
Location and Amount of (Gain) Loss Recognized in Income on Cash Flow Hedging Relationships for the six months ended June 30:
In millionsCost of ServicesInterest Expense
2024202320242023
Total amount of expense presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded$916 $828 $80 $174 
Amount of (gain) loss reclassified from Accumulated other comprehensive loss, net of expense$ $(34)$ $(9)