XML 58 R48.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Note 11 - Financial Instruments - Undesignated Hedges (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Gross notional value for translated earning contracts [1] $ 8,406 $ 7,271
Not Designated as Hedging Instrument [Member]    
Gross notional value for translated earning contracts 5,390 5,042
Not Designated as Hedging Instrument [Member] | Average Rate Forward Contracts, Chinese Yuan-Denomination [Member]    
Gross notional value for translated earning contracts 793 684
Not Designated as Hedging Instrument [Member] | Average Rate Forward Contracts, Japanese Yen-denominated [Member]    
Gross notional value for translated earning contracts 408 463
Not Designated as Hedging Instrument [Member] | Average Rate Forward Contracts, South Korean Won-denominated [Member]    
Gross notional value for translated earning contracts 1,417 1,609
Not Designated as Hedging Instrument [Member] | Average Rate Forward Contracts, Other Foreign Currencies [Member]    
Gross notional value for translated earning contracts [2] 487 198
Not Designated as Hedging Instrument [Member] | Options Contracts, Japanese Yen-denominated [Member]    
Gross notional value for translated earning contracts [3] $ 2,285 $ 2,088
[1] The amounts above do not include €850 million of euro-denominated debt ($911 million equivalent as of March 31, 2024), which is a non-derivative financial instrument designated as a net investment hedge.
[2] Denominational currencies for average rate forward contracts include the New Taiwan dollar, British pound and euro.
[3] Japanese yen-denominated option contracts include purchased put and call options and zero-cost collars. With respect to the zero-cost collars, the gross notional amount includes the value of the put and call options. However, due to the nature of zero-cost collars, only the put or the call option can be exercised at maturity.