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DERIVATIVES AND HEDGING INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following tables provide information on the location and amounts of derivative fair values in the Consolidated Balance Sheets:
Fair Values of Derivative Instruments
December 31, 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$ Other current liabilities$ 
Total derivatives not designated as hedging instruments$89 $ $126 $ 
Total derivatives$ $ 
 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 derivatives not designated as hedging instruments$402 $$207 $(4)
Total derivatives$$(4)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The effects of derivative instruments on the Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023, and 2022 were as follows:
In millionsAmount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on DerivativeAmount of (Gain) Loss Reclassified from AOCI into the Consolidated Statements of Operations
For the year ended December 31, 2024For the year ended December 31, 2023For the year ended December 31, 2022Location of (Gain) Loss Reclassified from AOCI into the Consolidated Statements of OperationsFor the year ended December 31, 2024For the year ended December 31, 2023For the year ended December 31, 2022
Interest rate contracts$ $— $116 Cost of services$ $— $(8)
Interest rate contracts$ $— $36 Interest expense$ $(31)$(10)
In millions Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations
Derivatives not Designated as Hedging InstrumentsLocation of Gain (Loss) Recognized in the Consolidated Statements of OperationsFor the year ended December 31, 2024For the year ended December 31, 2023For the year ended December 31, 2022
Foreign exchange contractsOther income (expense), net$(8)$(8)$(15)
The following tables show the impact of the Company’s cash flow hedge accounting relationships on the Consolidated Statement of Operations for the years ended December 31, 2024, 2023, and 2022.
Location and Amount of (Gain) Loss Recognized in Income on Cash Flow Hedging Relationships for the years ended December 31:
In millionsCost of ServicesCost of ProductsInterest Expense
202420232022202420232022202420232022
Total amount of expense presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded$1,477 $1,460 $1,387 $770 $1,049 $1,103 $(134)$(294)$(285)
Amount of (gain) loss reclassified from Accumulated other comprehensive loss, net of expense$ $— $(8)$ $— $— $ $(31)$(10)