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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 30, 2025
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, 2025 and 2024 were as follows:
|  | December 31, 2024 |  | Increase / (Decrease) |  | Reclassifications |  | September 30, 2025
|  | (in millions)
Foreign currency translation adjustments 1 |  | $ | (1,558) |  |  | $ | 581 |  |  | $ | — |  |  | $ | (977) |
Translation adjustments on net investment hedges 2 |  | 295 |  |  | (164) |  |  | — |  |  | 131 |
Cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts 3 |  | (51) |  |  | (293) |  |  | 370 |  |  | 26 |
Interest rate contracts |  | (113) |  |  | — |  |  | 4 |  |  | (109) |
Defined benefit pension and other postretirement plans |  | (6) |  |  | — |  |  | — |  |  | (6) |
Investment securities available-for-sale |  | — |  |  | — |  |  | — |  |  | — |
Accumulated other comprehensive income (loss) |  | $ | (1,433) |  |  | $ | 124 |  |  | $ | 374 |  |  | $ | (935) |
|  | 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) |
1 For the nine months ended September 30, 2025, the decrease in the accumulated other comprehensive loss related to foreign currency translation adjustments was driven primarily by the appreciation of the euro, British pound and Brazilian real against the U.S. dollar. For 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. 2 For the nine months ended September 30, 2025, the decrease in the accumulated other comprehensive income related to the net investment hedges was driven primarily by the appreciation of the euro against the U.S. dollar. For the nine months ended September 30, 2024, the decrease in the accumulated other comprehensive income related to the net investment hedges was driven primarily by the appreciation of the British pound against the U.S. dollar. See Note 16 (Derivative and Hedging Instruments) for additional information. 3 Represents foreign exchange derivative contracts 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 statements of operations when the underlying hedged transactions impact earnings. See Note 16 (Derivative and Hedging Instruments) for additional information.

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- 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/1943274/2147477250/944-220-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/1943274/2147478524/942-220-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
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