Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Derivatives Included in the Consolidated Balance Sheet

A summary of the amounts included in the Consolidated Balance Sheet relating to cross currency interest rate swaps follows:

	(Stated in millions)
	Dec. 31, 2022		Dec. 31, 2021
Other Assets	$	1	$	66
Other Liabilities	$	326	$	78

Effect of Derivative Instruments Designated as Fair Value Hedges and Not Designated as Hedges on Consolidated Statement of Income (Loss)

The effect of derivative instruments designated as hedges and those not designated as hedges on the Consolidated Statement of Income (Loss) was as follows:

				(Stated in millions)
	Gain (Loss) Recognized in Income (Loss)									Consolidated Statement
	2022			2021			2020			of Income (Loss) Classification
Derivatives designated as cash flow hedges:
Cross-currency interest rate swaps	$	(254	)	$	(422	)	$	493		Cost of services/sales
Cross-currency interest rate swaps		(88	)		(83	)		(63	)	Interest expense
Commodity contracts		(87	)		-			-		Revenue
Foreign exchange contracts		(30	)		5			(5	)	Cost of services/sales
	$	(459	)	$	(500	)	$	425
Derivatives not designated as hedges:
Foreign exchange contracts	$	42		$	(11	)	$	(29	)	Cost of services/sales