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Changes in Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 30, 2024
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Changes in Accumulated Other Comprehensive Income (Loss) | Changes in Accumulated Other Comprehensive Income (Loss) AOCI is comprised of items that have not been recognized in earnings but may be recognized in earnings in the future when certain events occur. Changes in each component for the three and nine months ended September 30, 2024 and 2023 were as follows:
Three Months Ended September 30, 2024 (Millions), net of tax |  | Net Unrealized Gains (Losses) on Debt Securities |  | Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a) |  | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) |  | Accumulated Other Comprehensive Income (Loss)
Balances as of June 30, 2024 |  | $ | (10) |  |  | $ | (2,707) |  |  | $ | (483) |  |  | $ | (3,200) |
Net change |  | 4 |  |  | 1 |  |  | — |  |  | 5 |
Balances as of September 30, 2024 |  | $ | (6) |  |  | $ | (2,706) |  |  | $ | (483) |  |  | $ | (3,195) |
Nine Months Ended September 30, 2024 (Millions), net of tax |  | Net Unrealized Gains (Losses) on Debt Securities |  | Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a) |  | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) |  | Accumulated Other Comprehensive Income (Loss)
Balances as of December 31, 2023 |  | $ | (14) |  |  | $ | (2,571) |  |  | $ | (487) |  |  | $ | (3,072) |
Net change |  | 8 |  |  | (135) |  |  | 4 |  |  | (123) |
Balances as of September 30, 2024 |  | $ | (6) |  |  | $ | (2,706) |  |  | $ | (483) |  |  | $ | (3,195) |
Three Months Ended September 30, 2023 (Millions), net of tax |  | Net Unrealized Gains (Losses) on Debt Securities |  | Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a) |  | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) |  | Accumulated Other Comprehensive Income (Loss)
Balances as of June 30, 2023 |  | $ | (44) |  |  | $ | (2,569) |  |  | $ | (471) |  |  | $ | (3,084) |
Net change |  | 14 |  |  | (110) |  |  | 4 |  |  | (92) |
Balances as of September 30, 2023 |  | $ | (30) |  |  | $ | (2,679) |  |  | $ | (467) |  |  | $ | (3,176) |
Nine Months Ended September 30, 2023 (Millions), net of tax |  | Net Unrealized Gains (Losses) on Debt Securities |  | Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a) |  | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) |  | Accumulated Other Comprehensive Income (Loss)
Balances as of December 31, 2022 |  | $ | (64) |  |  | $ | (2,622) |  |  | $ | (524) |  |  | $ | (3,210) |
Net change |  | 34 |  |  | (57) |  |  | 57 |  |  | 34 |
Balances as of September 30, 2023 |  | $ | (30) |  |  | $ | (2,679) |  |  | $ | (467) |  |  | $ | (3,176) |
(a)Refer to Note 8 for additional information on hedging activity. The following table shows the tax impact for the three and nine months ended September 30 for the changes in each component of AOCI presented above:
|  | Tax expense (benefit)
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(Millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Net unrealized gains on debt securities |  | $ | — |  |  | $ | 5 |  |  | $ | 2 |  |  | $ | 11 |
Foreign currency translation adjustment, net of hedges |  | (26) |  |  | 66 |  |  | 30 |  |  | (32) |
Pension and other postretirement benefits |  | (7) |  |  | 6 |  |  | (5) |  |  | 6 |
Total tax impact |  | $ | (33) |  |  | $ | 77 |  |  | $ | 27 |  |  | $ | (15) |
Reclassifications out of AOCI into the Consolidated Statements of Income, net of taxes, for the three and nine months ended September 30, 2024 and 2023 were not significant.

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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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