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Accumulated other comprehensive loss (Tables) | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The changes in the balances for each component of Accumulated other comprehensive loss, net of tax, were as follows:
(In millions) |  | Foreign Currency Translation Adjustment |  | Cash Flow Hedges |  | Defined Benefit Pension and Other Postretirement Benefit Plans |  | Total
Balance as of March 31, 2025 |  | $(618) |  | $(5) |  | $34 |  | $(589)
Other comprehensive income (loss) before reclassifications |  | 222 |  | 7 |  | — |  | 229
Amounts reclassified from Accumulated other comprehensive loss to Net income |  | — |  | (2) |  | (1) |  | (3)
Net current-period Other comprehensive income (loss) |  | 222 |  | 5 |  | (1) |  | 226
Unrecognized gain transferred from Parent pension |  | — |  | — |  | 2 |  | 2
Other comprehensive loss attributable to noncontrolling interests |  | — |  | — |  | — |  | —
Balance as of June 30, 2025 |  | $(396) |  | $— |  | $35 |  | $(361)
Balance as of March 31, 2024 |  | $(414) |  | $(13) |  | $(11) |  | $(438)
Other comprehensive income (loss) before reclassifications |  | (29) |  | 12 |  | — |  | (17)
Amounts reclassified from Accumulated other comprehensive loss to Net income |  | — |  | (8) |  | — |  | (8)
Net current-period Other comprehensive income (loss) |  | (29) |  | 4 |  | — |  | (25)
Other comprehensive loss attributable to noncontrolling interests |  | — |  | — |  | — |  | —
Balance as of June 30, 2024 |  | $(443) |  | $(9) |  | $(11) |  | $(463)
(In millions) |  | Foreign Currency Translation Adjustment |  | Cash Flow Hedges |  | Defined Benefit Pension and Other Postretirement Benefit Plans |  | Total
Balance as of December 31, 2024 |  | $(634) |  | $(7) |  | $35 |  | $(606)
Other comprehensive income (loss) before reclassifications |  | 238 |  | 10 |  | — |  | 248
Amounts reclassified from Accumulated other comprehensive loss to Net income |  | — |  | (3) |  | (2) |  | (5)
Net current-period Other comprehensive income (loss) |  | 238 |  | 7 |  | (2) |  | 243
Unrecognized gain transferred from Parent pension |  | — |  | — |  | 2 |  | 2
Other comprehensive loss attributable to noncontrolling interests |  | — |  | — |  | — |  | —
Balance as of June 30, 2025 |  | $(396) |  | $— |  | $35 |  | $(361)
Balance as of December 31, 2023 |  | $(290) |  | $(16) |  | $(11) |  | $(317)
Other comprehensive income (loss) before reclassifications |  | (153) |  | 1 |  | 1 |  | (151)
Amounts reclassified from Accumulated other comprehensive loss to Net income |  | — |  | 6 |  | (1) |  | 5
Net current-period Other comprehensive income (loss) |  | (153) |  | 7 |  | — |  | (146)
Other comprehensive loss attributable to noncontrolling interests |  | — |  | — |  | — |  | —
Balance as of June 30, 2024 |  | $(443) |  | $(9) |  | $(11) |  | $(463)
Reclassification out of Accumulated Other Comprehensive Income | The following amounts were reclassified from Accumulated other comprehensive loss to Net income:
|  | For the three months ended June 30, |  |  | For the six months ended June 30,
(In millions) |  | 2025 |  | 2024 |  |  | 2025 |  | 2024
Net change in fair value of effective portion of cash flow hedges |  |  |  |  |  |  |  |  |
Cost of revenues |  | $(3) |  | $(13) |  |  | $(4) |  | $6
Income tax (benefit) expense |  | 1 |  | 5 |  |  | 1 |  | —
Total |  | $(2) |  | $(8) |  |  | $(3) |  | $6
Actuarial losses and prior service costs for defined benefit pension plans and other postretirement benefit plans |  |  |  |  |  |  |  |  |
Other non-operating income, net |  | $(1) |  | $— |  |  | $(2) |  | $(1)
Income tax (benefit) expense |  | — |  | — |  |  | — |  | —
Total |  | $(1) |  | $— |  |  | $(2) |  | $(1)
Total amounts reclassified from Accumulated other comprehensive income (loss) to Net income |  | $(3) |  | $(8) |  |  | $(5) |  | $5

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