XML 33 R19.htm IDEA: XBRL DOCUMENT
v3.24.3

Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
--- | ---
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2024 and 2023 were as follows:
|  | December 31, 2023 |  | Increase / (Decrease) |  | Reclassifications |  | September 30, 2024
|  | (in millions)
Foreign currency translation adjustments 1 |  | $ | (1,119) |  |  | $ | 67 |  |  | $ | — |  |  | $ | (1,052) |
Translation adjustments on net investment hedges 2 |  | 181 |  |  | (105) |  |  | — |  |  | 76 |
Cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts 3 |  | (17) |  |  | 1 |  |  | 56 |  |  | 40 |
Interest rate contracts |  | (118) |  |  | — |  |  | 3 |  |  | (115) |
Defined benefit pension and other postretirement plans |  | (25) |  |  | 2 |  |  | — |  |  | (23) |
Investment securities available-for-sale |  | (1) |  |  | 2 |  |  | — |  |  | 1 |
Accumulated other comprehensive income (loss) |  | $ | (1,099) |  |  | $ | (33) |  |  | $ | 59 |  |  | $ | (1,073) |
|  | December 31, 2022 |  | Increase / (Decrease) |  | Reclassifications |  | September 30, 2023
|  | (in millions)
Foreign currency translation adjustments 1 |  | $ | (1,414) |  |  | $ | (105) |  |  | $ | — |  |  | $ | (1,519) |
Translation adjustments on net investment hedges 2 |  | 309 |  |  | 41 |  |  | — |  |  | 350 |
Cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts 3 |  | (8) |  |  | (5) |  |  | 18 |  |  | 5 |
Interest rate contracts |  | (123) |  |  | — |  |  | 4 |  |  | (119) |
Defined benefit pension and other postretirement plans |  | (11) |  |  | — |  |  | — |  |  | (11) |
Investment securities available-for-sale |  | (6) |  |  | 3 |  |  | — |  |  | (3) |
Accumulated other comprehensive income (loss) |  | $ | (1,253) |  |  | $ | (66) |  |  | $ | 22 |  |  | $ | (1,297) |
1 During the nine months ended September 30, 2024, the decrease in the accumulated other comprehensive loss related to foreign currency translation adjustments was driven primarily by the appreciation of the British pound against the U.S. dollar, partially offset by the depreciation of the Brazilian real against the U.S. dollar. Duri ng the nine months ended September 30, 2023, the increase in the accumulated other comprehensive loss related to foreign currency translation adjustments was driven primarily by the depreciation of the euro against the U.S. dollar. 2 Du ring the nine months ended September 30, 2024, the decrease in the accumulated other comprehensive gain related to the net investment hedges was driven primarily by the appreciation of the British pound against the U.S. dollar. During the nine months ended September 30, 2023, the increase in the accumulated other comprehensive gain related to the net investment hedges was driven by the depreciation of the euro against the U.S. dollar. See Note 17 (Derivative and Hedging Instruments) for additional information. 3 Certain foreign exchange derivative contracts are designated as cash flow hedging instruments. Gains and losses resulting from changes in the fair value of these contracts are deferred in accumulated other comprehensive income (loss) and subsequently reclassified to the consolidated statement of operations when the underlying hedged transactions impact earnings. See Note 17 (Derivative and Hedging Instruments) for additional information.

X
- References No definition available. + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration