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v3.26.1

Accounting for Derivative Instruments and Hedging Activities (Details)
£ in Millions, $ in Millions

3 Months Ended
6 Months Ended

Jun. 30, 2026

USD ($)

Jun. 30, 2025

USD ($)

Jun. 30, 2026

USD ($)

Jun. 30, 2025

USD ($)

Jun. 30, 2026

GBP (£)

Jun. 30, 2026

USD ($)

Dec. 31, 2025

USD ($)

Gain (Loss) On Financial Instruments, Net
 

 

 

 

 

 

 

Change in fair value of cross-currency derivative instruments
$ 41

$ 124

$ (35)

$ 111

 

 

 

Foreign currency remeasurement of Sterling Notes to U.S. dollars
(4)

(104)

27

(156)

 

 

 

Gain (loss) on financial instruments, net
$ 37

$ 20

$ (8)

$ (45)

 

 

 

Cross Currency Derivatives
 

 

 

 

 

 

 

Derivatives:
 

 

 

 

 

 

 

Notional amount | £
 

 

 

 

£ 1,275

 

 

Level 2 | Cross Currency Derivatives
 

 

 

 

 

 

 

Derivatives:
 

 

 

 

 

 

 

Derivative Liability, Statement of Financial Position [Extensible Enumeration]
 

 

 

 

OTHER LONG-TERM LIABILITIES

OTHER LONG-TERM LIABILITIES

OTHER LONG-TERM LIABILITIES

Derivative Liability
 

 

 

 

 

$ 442

$ 406

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