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Note 14 - Fair Value Measurements and Derivatives (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
       

Fair Value

 

Category

 

Balance Sheet Location

 

Fair Value Level

  

December 31, 2023

  

December 31, 2022

 

Currency forward contracts

             

Cash flow hedges

 

Accounts receivable - Other

 

2

   43   26 

Cash flow hedges

 

Other accrued liabilities

 

2

   7   4 

Undesignated

 

Accounts receivable - Other

 

2

   3   2 

Undesignated

 

Other accrued liabilities

 

2

   5   7 

Currency swaps

             

Cash flow hedges

 

Other noncurrent assets

 

2

       17 

Cash flow hedges

 

Other noncurrent liabilities

 

2

   11     

Undesignated

 

Other noncurrent liabilities

 

2

   9   11 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
     

2023

  

2022

 
     

Carrying

  

Fair

  

Carrying

  

Fair

 
  

Fair Value Level

  

Value

  

Value

  

Value

  

Value

 

Long term debt

 

2

  $2,582  $2,495  $2,304  $2,010 
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Underlying Financial Instrument

  

Derivative Financial Instrument

 

Description

 

Type

 

Face Amount

  

Rate

  

Notional Amount

  

Traded Amount

  

Inflow Rate

  

Outflow Rate

 

April 2025 Notes

 

Payable

 $200   5.75% $200  185   5.75%  3.85%

Luxembourg Intercompany Notes

 

Receivable

 93   3.85% $100  93   5.75%  3.85%

Luxembourg Intercompany Notes

 

Receivable

 278   3.70% 278  $300   5.38%  3.70%

Undesignated 2026 Swap

           $188  169   6.50%  5.14%

Undesignated Offset 2026 Swap

           169  $188   3.13%  6.50%
Schedule of Derivative Instruments [Table Text Block]
    

Notional Amount (U.S. Dollar Equivalent)

  

Functional Currency

 

Traded Currency

 

Designated

  

Undesignated

  

Total

 

Maturity

U.S. dollar

 

Indian rupee, Mexican peso, Thai baht

 $269  $20  $289 

Dec-2024

Euro

 

U.S. dollar, Australian dollar, Swiss franc, Chinese renminbi, British pound, Hungarian forint, Indian rupee, Japanese yen, Mexican peso, Norwegian krone, New Zealand dollar, Swedish krona, South African rand

  240   49   289 

Sep-2027

British pound

 

U.S. dollar, euro

      1   1 

Jan-2024

South African rand

 

U.S. dollar, euro, Thai baht

  1   16   17 

Feb-2024

Canadian dollar

 

U.S. dollar

  5   14   19 

Oct-2024

Brazilian real

 

U.S. dollar, euro

  65   8   73 

Dec-2024

Indian rupee

 

U.S. dollar, euro, British pound

      80   80 

Dec-2024

Chinese renminbi

 

U.S. dollar, Canadian dollar, euro

  3   4   7 

Jan-2024

Mexican peso

 

U.S. dollar

      1   1 

Jan-2024

Total forward contracts

    583   193   776  
                

U.S. dollar

 

euro

  307   186   493 

Nov-2027

Euro

 

U.S. dollar

  300   188   488 

Jun-2026

Total currency swaps

    607   374   981  

Total currency derivatives

   $1,190  $567  $1,757  
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
  

Deferred Gain (Loss) in AOCI

 
  

December 31, 2023

  

December 31, 2022

  Gain (loss) expected to be reclassified into income in one year or less 

Forward Contracts

 $20  $11  $20 

Cross-Currency Swaps

  1   11     

Total

 $21  $22  $20 
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
  

2023

  

2022

  

2021

 

Derivatives Designated as Cash Flow Hedges

            

Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded

            

Net sales

 $10,555  $10,156  $8,945 

Cost of sales

  9,655   9,393   8,108 

Other income (expense), net

  3   22   32 

(Gain) or loss on cash flow hedging relationships

            

Foreign currency forwards

            

Amount of (gain) loss reclassified from AOCI into income

            

Cost of sales

  (34)  (7)  (9)

Other income (expense), net

  (8)  (6)  (5)

Cross-currency swaps

            

Amount of (gain) loss reclassified from AOCI into income

            

Other income (expense), net

  19   (43)  (45)
Derivatives Not Designated as Hedging Instruments [Table Text Block]
  

2023

  

2022

  

2021

 

Derivatives Not Designated as Hedging Instruments

            

Gain or (loss) recognized in income

            

Foreign currency forward contracts

            

Cost of sales

 $  $  $1 

Other income (expense), net

  (10)  (13)  -