v3.24.1.u1
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Impact of Derivative Financial Instruments (Details)
£ in Millions
Mar. 31, 2024
USD ($)
Mar. 31, 2024
GBP (£)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
GBP (£)
Derivatives, Fair Value [Line Items]        
Amounts eligible to be offset under master netting agreements $ 0   $ 0  
Prepaid expenses and other current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets 113,000,000   90,000,000  
Other non- current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets 24,000,000   21,000,000  
Accounts payable and accrued liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability 45,000,000   45,000,000  
Other non- current liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability 131,000,000   138,000,000  
Not Designated as Hedging Instrument | Foreign exchange derivatives        
Derivatives, Fair Value [Line Items]        
Notional 1,089,000,000   1,058,000,000  
Not Designated as Hedging Instrument | Foreign exchange derivatives | Prepaid expenses and other current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 25,000,000   1,000,000  
Not Designated as Hedging Instrument | Foreign exchange derivatives | Other non- current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 4,000,000   1,000,000  
Not Designated as Hedging Instrument | Foreign exchange derivatives | Accounts payable and accrued liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 4,000,000   1,000,000  
Not Designated as Hedging Instrument | Foreign exchange derivatives | Other non- current liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 96,000,000   83,000,000  
Not Designated as Hedging Instrument | Interest rate swaps        
Derivatives, Fair Value [Line Items]        
Notional 3,250,000,000   0  
Not Designated as Hedging Instrument | Interest rate swaps | Prepaid expenses and other current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 23,000,000   0  
Not Designated as Hedging Instrument | Interest rate swaps | Other non- current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 0   0  
Not Designated as Hedging Instrument | Interest rate swaps | Accounts payable and accrued liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 0   0  
Not Designated as Hedging Instrument | Interest rate swaps | Other non- current liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 0   0  
Not Designated as Hedging Instrument | Total return swaps        
Derivatives, Fair Value [Line Items]        
Notional 420,000,000   395,000,000  
Not Designated as Hedging Instrument | Total return swaps | Prepaid expenses and other current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 10,000,000   19,000,000  
Not Designated as Hedging Instrument | Total return swaps | Other non- current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 0   0  
Not Designated as Hedging Instrument | Total return swaps | Accounts payable and accrued liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 0   0  
Not Designated as Hedging Instrument | Total return swaps | Other non- current liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 0   0  
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives        
Derivatives, Fair Value [Line Items]        
Notional 1,249,000,000   1,484,000,000  
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Prepaid expenses and other current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 24,000,000   40,000,000  
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Other non- current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 7,000,000   8,000,000  
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Accounts payable and accrued liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 34,000,000   37,000,000  
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange derivatives | Other non- current liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 4,000,000   8,000,000  
Net Investment Hedges | Designated as Hedging Instrument | Cross-currency swaps        
Derivatives, Fair Value [Line Items]        
Notional 1,361,000,000   1,779,000,000  
Net Investment Hedges | Designated as Hedging Instrument | Cross-currency swaps | Sterling Notes        
Derivatives, Fair Value [Line Items]        
Notional 506,000,000 £ 400 513,000,000 £ 402
Net Investment Hedges | Designated as Hedging Instrument | Cross-currency swaps | Prepaid expenses and other current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 22,000,000   23,000,000  
Net Investment Hedges | Designated as Hedging Instrument | Cross-currency swaps | Other non- current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 13,000,000   12,000,000  
Net Investment Hedges | Designated as Hedging Instrument | Cross-currency swaps | Accounts payable and accrued liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 7,000,000   7,000,000  
Net Investment Hedges | Designated as Hedging Instrument | Cross-currency swaps | Other non- current liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 24,000,000   42,000,000  
Fair Value Hedges | Designated as Hedging Instrument | Interest rate swaps        
Derivatives, Fair Value [Line Items]        
Notional 1,500,000,000   1,500,000,000  
Fair Value Hedges | Designated as Hedging Instrument | Interest rate swaps | Prepaid expenses and other current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 9,000,000   7,000,000  
Fair Value Hedges | Designated as Hedging Instrument | Interest rate swaps | Other non- current assets        
Derivatives, Fair Value [Line Items]        
Derivative assets, fair value 0   0  
Fair Value Hedges | Designated as Hedging Instrument | Interest rate swaps | Accounts payable and accrued liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value 0   0  
Fair Value Hedges | Designated as Hedging Instrument | Interest rate swaps | Other non- current liabilities        
Derivatives, Fair Value [Line Items]        
Derivative liability, fair value $ 7,000,000   $ 5,000,000