DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Classification and Fair Value of Derivative Instruments

The following table summarizes the classification and fair values of derivative instruments, including the potential effect of offsetting:

	December 31, 2024
(in millions)	Prepaid and other current assets		Other long-term assets		Total Derivative Assets		Other current liabilities		Other long-term obligations		Total Derivative Liabilities
Foreign currency exchange contracts designated as hedges	$	90	$	10	$	100	$	—	$	—	$	—
Foreign currency exchange contracts not designated as hedges	28		—		28		3		—		3
Total derivatives presented gross on the Consolidated Balance Sheets					$	128					$	3
Gross amounts not offset on the Consolidated Balance Sheets:
Derivative financial instruments					$	(3)					$	(3)
Cash collateral received / pledged					—						—
Net amount (legal offset)					$	125					$	—

	December 31, 2023
(in millions)	Prepaid and other current assets		Other long-term assets		Total Derivative Assets		Other current liabilities		Other long-term obligations		Total Derivative Liabilities
Foreign currency exchange contracts designated as hedges	$	6	$	—	$	6	$	38	$	7	$	45
Foreign currency exchange contracts not designated as hedges	1		—		1		15		—		15
Total derivatives presented gross on the Consolidated Balance Sheets					$	7					$	59
Gross amounts not offset on the Consolidated Balance Sheets:
Derivative financial instruments					$	(7)					$	(7)
Cash collateral received / pledged					—						—
Net amount (legal offset)					$	—					$	52

Summary of Effect of Foreign Currency Exchange Contracts

The following table summarizes the effect of our derivative contracts on our Consolidated Financial Statements:

	Year Ended December 31,
(in millions)	2024		2023		2022
Derivatives designated as hedges:
Net gain (loss) recognized in Accumulated other comprehensive income	$	171	$	(14)	$	150
Net gain reclassified from Accumulated other comprehensive income into Product sales	$	27	$	58	$	196
Derivatives not designated as hedges:
Net gain recognized in Other (income) expense, net	$	44	$	57	$	67