Item 3. Quantitative and Qualitative Disclosures About Market Risk

At March 31, 2024, we had interest rate swaps with a notional value of $1,750 and a fair value of $(2).

We have fixed-to-fixed and floating-to-fixed cross-currency swaps on foreign currency-denominated debt instruments with a U.S. dollar notional value of $35,825 to hedge our exposure to changes in foreign currency exchange rates and interest rates. These derivatives have been designated as cash flow or fair value hedges with a net fair value of $(3,195) at March 31, 2024. We had no rate locks at March 31, 2024.