XML 49 R36.htm IDEA: XBRL DOCUMENT v3.22.4
Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Assets and Liabilities The following table presents the fair value of its derivative instruments (in millions):
Asset (Liability)
Fair Values as of December 31,
Balance Sheets Classification20222021
Derivative instruments designated as hedges:
    Foreign exchange contractsPrepaid expenses and other current assets$— $23 
    Foreign exchange contractsAccrued liabilities(14)— 
Total derivative instruments designated as hedges$(14)$23 
Derivative instruments not designated as hedges:
    Forward interest rate swapsPrepaid expenses and other current assets$25 $— 
    Forward interest rate swapsOther long-term assets47 — 
    Foreign exchange contractsAccrued liabilities(5)— 
    Forward interest rate swapsAccrued liabilities— (15)
    Forward interest rate swapsOther long-term liabilities— (1)
Total derivative instruments not designated as hedges$67 $(16)
Total net derivative asset$53 $
Schedule of Net Gains (Losses) from Changes in Fair Values of Derivatives Not Designated as Hedges The following table presents the net gains (losses) from changes in fair values of derivatives that are not designated as hedges (in millions):
Gain (Loss) Recognized in Income
Statements of Operations ClassificationYear Ended December 31,
202220212020
Derivative instruments not designated as hedges:
    Foreign exchange contractsForeign exchange gain (loss)$$$(12)
    Forward interest rate swapsInterest income (expense), net83 13 (46)
Total gain (loss) recognized in income$85 $20 $(58)
Schedule of Notional Value and Net Fair Value of Outstanding Contracts The notional values and the net fair values of these outstanding contracts were as follows (in millions):
December 31,
 20222021
Notional balance of outstanding contracts:
British Pound/U.S. Dollar£11 £13 
Euro/U.S. Dollar191 142 
Euro/Czech Koruna15 16 
Singapore Dollar/U.S. DollarS$S$16 
Mexican Peso/U.S. DollarMex$372 Mex$64 
Polish Zloty/U.S. Dollar47 103 
Net fair value of liabilities of outstanding contracts$$—