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Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional and Fair Values of Derivative Instruments
The notional and fair values of derivative instruments are as follows (in millions):
 Notional Amount
Net Amount of Derivative Assets Presented in the Statements of Financial Position (1)
Net Amount of Derivative Liabilities Presented in the Statements of Financial Position
As of December 31202220212022202120222021
Foreign exchange contracts      
  Accounted for as hedges$618 $629 $12 $27 $2 $— 
  Not accounted for as hedges (3)
312 412 — 2 1 — 
Total$930 $1,041 $12 $29 $3 $— 
(1)Included within Other current assets ($3 million in 2022 and $21 million in 2021) or Other non-current assets ($9 million in 2022 and $8 million in 2021).
(2)Included within Other current liabilities ($2 million in 2022) or Other non-current liabilities ($1 million in 2022).
(3)These contracts typically are for 90-day durations and executed close to the last day of the most recent reporting month, thereby resulting in nominal fair values at the balance sheet date.
Schedule of Derivative Gains (Losses)
The amounts of derivative gains (losses) recognized in the Consolidated Financial Statements are as follows (in millions):
202220212020
(Loss) gain recognized in Accumulated other comprehensive loss$(15)$— $1 
The amounts of derivative gains (losses) reclassified from Accumulated other comprehensive loss to the Consolidated Statements of Income are as follows (in millions):
Years Ended December 31
202220212020
Total revenue$2 $(3)$(14)
Compensation and benefits— 1 — 
Interest expense— — (1)
Total$2 $(2)$(15)