Derivatives (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Values of Derivative Instruments Designated as Hedges

The fair values of the Company’s derivative instruments and the line items on the accompanying condensed consolidated balance sheets to which they were recorded are summarized in the following table:


(in millions)	Balance Sheet Classification	September 30, 2025						December 31, 2024
		Assets		Liabilities		Notional		Assets		Liabilities		Notional
Derivatives designated as hedging instruments:
Interest rate swaps	Other current liabilities	$	—	$	50	$	2,474	$	—	$	5	$	2,485
Cross-currency swaps	Other current liabilities and other assets	—		340		2,724		39		—		2,735
Foreign exchange forward contracts	Other current assets and other current liabilities	5		1		130		—		2		108



Total derivatives		$	5	$	391			$	39	$	7

Schedule of Effect of Cash Flow Hedging Instruments on Other Comprehensive (Loss) Income

The pre-tax effect of the Company’s cash flow hedging instruments on other comprehensive income is summarized in the following table:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2025		2024		2025		2024
Interest rate swaps	$	(5)	$	(70)	$	(45)	$	(32)
Foreign exchange forward contracts	(5)		4		6		4
Total	$	(10)	$	(66)	$	(39)	$	(28)

IQVIA HOLDINGS INC. 10-Q