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Changes in Accumulated Other Comprehensive Income (Loss) | 12 Months Ended
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Dec. 31, 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 a balance sheet item in Shareholders’ equity on the Consolidated Balance Sheets. It 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 years ended December 31 were as follows:
TABLE 17.1: CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
|  | As of or for the years ended December 31,
(Millions), net of tax |  | 2024 |  | 2023 |  | 2022 |  | 2021
|  | Ending Balance |  | Net Change |  | Ending Balance |  | Net Change |  | Ending Balance |  | Net Change |  | Ending Balance
Net Unrealized Gains (Losses) on Debt Securities |  | $ | (9) |  |  | $ | 5 |  |  | $ | (14) |  |  | $ | 50 |  |  | $ | (64) |  |  | $ | (87) |  |  | $ | 23 |
Foreign Currency Translation Adjustment Gains (Losses), Net of Hedges (a) |  | (2,924) |  |  | (353) |  |  | (2,571) |  |  | 51 |  |  | (2,622) |  |  | (230) |  |  | (2,392) |
Net unrealized pension and other postretirement benefit gains (losses) |  | (462) |  |  | 25 |  |  | (487) |  |  | 37 |  |  | (524) |  |  | 52 |  | (576) |
Accumulated other comprehensive income (loss) |  | $ | (3,395) |  |  | $ | (323) |  |  | $ | (3,072) |  |  | $ | 138 |  |  | $ | (3,210) |  |  | $ | (265) |  |  | $ | (2,945) |
(a)Refer to Note 13 for additional information on hedging activity. The following table shows the tax impact for the years ended December 31 for the changes in each component of AOCI presented above: TABLE 17.2: TAX IMPACT FOR CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
|  | Tax expense (benefit)
(Millions) |  | 2024 |  | 2023 |  | 2022
Net unrealized gains (losses) on debt securities |  | $ | 2 |  |  | $ | 16 |  |  | $ | (27) |
Foreign currency translation adjustment, net of hedges |  | 205 |  |  | (158) |  |  | 75 |
Pension and other postretirement benefits |  | 11 |  |  | (3) |  |  | 27 |
Total tax impact |  | $ | 218 |  |  | $ | (145) |  |  | $ | 75 |
Reclassifications out of AOCI into the Consolidated Statements of Income, net of taxes, for the years ended December 31, 2024, 2023 and 2022 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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