v3.26.1
DERIVATIVES (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Instruments
The following table presents the fair value of derivative instruments:
June 30, 2026December 31, 2025
Outstanding Gross
Notional Amount		Other assetsOther
noncurrent liabilities		Outstanding Gross
Notional Amount		Other assetsOther
noncurrent liabilities
Derivatives designated as hedging instruments:
Cash flow hedges:     
Interest rate swaps$1,840 $16 $— $1,840 $1 $— 
Cross-currency contracts120 5 — 120 3 — 
Foreign currency forward contracts— — — — — — 
Fair value hedges:     
Cross-currency contracts689 17 — 689 2 — 
Net investment hedges:     
Cross-currency contracts931 26 — 931 10 — 
Total derivatives designated as hedging instruments3,580 64 — 3,580 16 — 
Derivatives not designated as hedging instruments:
Foreign currency forward contracts325 4 (1)312 1 (5)
Total derivatives$3,905 $68 $(1)$3,892 $17 $(5)
Summary of Effect of Derivatives on Consolidated Statements of Operations and Accumulated Other Comprehensive (Income) Loss
The following tables present the after tax effect of derivatives on the condensed consolidated statements of operations:
Amount of expense (income) recognized in income
DerivativesLocation of expense (income)
recognized in the condensed consolidated statements of operations		Three Months Ended June 30,
20262025
Cash flow hedging relationships:
Interest rate swapsInterest expense, net$(1)$7 
Cross-currency contractsInvestment expense (income) and other, net(1)9 
Cross-currency contractsInterest expense, net(1)2 
Foreign currency forward contractsInvestment expense (income) and other, net— — 
Fair value hedging relationships:
Cross-currency contractsInvestment expense (income) and other, net(6)44 
Cross-currency contractsInterest expense, net— (2)
Net investment hedging relationships:
Cross-currency contractsInterest expense, net(2)3 
Not designated as hedging instruments:
Foreign currency forward contractsInvestment expense (income) and other, net— — 
Amount of expense (income) recognized in income
DerivativesLocation of expense (income)
recognized in the condensed consolidated statements of operations		Six Months Ended June 30,
20262025
Cash flow hedging relationships:
Interest rate swapsInterest expense, net$(1)$5 
Cross-currency contractsInvestment expense (income) and other, net(3)14 
Cross-currency contractsInterest expense, net(1)1 
Foreign currency forward contractsInvestment expense (income) and other, net— — 
Fair value hedging relationships:
Cross-currency contractsInvestment expense (income) and other, net(16)61 
Cross-currency contractsInterest expense, net(1)(1)
Net investment hedging relationships:
Cross-currency contractsInterest expense, net(6)2 
Not designated as hedging instruments:
Foreign currency forward contractsInvestment expense (income) and other, net— — 
The following tables present the effect of cash flow and fair value hedge accounting on accumulated other comprehensive income (loss) ("AOCI"):
Amount of gain (loss)
recognized in other
comprehensive income		Location of (gain) loss reclassified from
AOCI into income		Amount of gain (loss)
reclassified from
AOCI into income
Three Months Ended June 30,Three Months Ended June 30,
Derivatives2026202520262025
Cash flow hedging relationships:
Interest rate swaps$6 $(7)Interest expense, net$— $— 
Cross-currency contracts(2)— Investment expense (income) and other, net1 (9)
Forward currency forward contracts— — Investment expense (income) and other, net— — 
Fair value hedging relationships:
Cross-currency contracts(2)1 Investment expense (income) and other, net5 (47)
Interest expense, net— — 
Net investment hedging relationships:
Cross-currency contracts(5)(20)Interest expense, net(3)1 
Amount of gain (loss)
recognized in other
comprehensive income		Location of (gain) loss reclassified from
AOCI into income		Amount of gain (loss)
reclassified from
AOCI into income
Six Months Ended
June 30,		Six Months Ended
June 30,
Derivatives2026202520262025
Cash flow hedging relationships:
Interest rate swaps$11 $(18)Interest expense, net$— $— 
Cross-currency contracts(1)2 Investment expense (income) and other, net3 (14)
Forward currency forward contracts— — Investment expense (income) and other, net— — 
Fair value hedging relationships:
Cross-currency contracts— 1 Investment expense (income) and other, net16 (60)
Interest expense, net— (2)
Net investment hedging relationships:
Cross-currency contracts11 (23)Interest expense, net— —