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Interim Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income $ 397 $ 359 [1] $ 1,272 $ 822 [1]
Other comprehensive (loss) income, net of income tax:        
Currency translation adjustment (52) (76) (350) 99
Unrealized gains on investments 5 0 5 0
Tax expense on unrealized gains on investments (1) 0 (1) 0
Unrealized gains (losses) on hedging activities (3) 2 9 (8)
Tax (expense) benefit on unrealized gains (losses) on hedging activities 1 (1) (3) 2
Less: Reclassification adjustment for gains (losses) on hedging activities included in cost of net revenues and financial expenses, interest expense and other financial losses and foreign currency losses, net 3 (6) 1 (8)
Less: Reclassification adjustment for estimated tax (expense) benefit on unrealized losses (2) 2 (1) 3
Total other comprehensive (loss) income, net of income tax (51) (71) (340) 98
Total comprehensive income $ 346 $ 288 $ 932 $ 920
[1] Recast for consistency with the current presentation due to the change in the presentation of certain financial results. Please refer to Note 2 – Summary of significant accounting policies - Change in the presentation of certain financial results and reclassification of prior year results.