XML 47 R34.htm IDEA: XBRL DOCUMENT
v3.24.3

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Changes in the Balances of Accumulated Other Comprehensive Loss | The table below presents the changes in the balances of accumulated other comprehensive loss ("AOCI") by component for the three and nine months ended September 30, 2024 and 2023 (in millions):
|  | Foreign currency translation adjustments |  |  |  | Net unrealized gains (losses) on available-for-sale securities |  |  |  |  |  | Total AOCI, net of tax
| Foreign currency translation |  | Net investment hedges (1) |  | Total, net of tax |  |  |  |  |  |  |  | Before tax |  | Tax |  | Total, net of tax |  |  |  |
| Before tax |  | Tax (2) |  | Before tax |  | Tax |  |  |  |  |  |  |  |
Three Months Ended September 30, 2024
Balance, June 30, 2024 |  | $ | (644) |  |  | $ | 124 |  |  | $ | 266 |  |  | $ | (70) |  |  | $ | (324) |  |  |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | (324) |
Other comprehensive income (loss) ("OCI") for the period |  | 226 |  |  | (67) |  |  | (180) |  |  | 42 |  |  | 21 |  |  |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | 21 |
Balance, September 30, 2024 |  | $ | (418) |  |  | $ | 57 |  |  | $ | 86 |  |  | $ | (28) |  |  | $ | (303) |  |  |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | (303) |
Nine Months Ended September 30, 2024
Balance, December 31, 2023 |  | $ | (537) |  |  | $ | 94 |  |  | $ | 171 |  |  | $ | (48) |  |  | $ | (320) |  |  |  |  |  |  |  |  | $ | (4) |  |  | $ | 1 |  |  | $ | (3) |  |  |  |  |  |  | $ | (323) |
OCI for the period |  | 119 |  |  | (37) |  |  | (85) |  |  | 20 |  |  | 17 |  |  |  |  |  |  |  |  | 4 |  |  | (1) |  |  | 3 |  |  |  |  |  |  | 20 |
Balance, September 30, 2024 |  | $ | (418) |  |  | $ | 57 |  |  | $ | 86 |  |  | $ | (28) |  |  | $ | (303) |  |  |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | (303) |
Three Months Ended September 30, 2023
Balance, June 30, 2023 |  | $ | (476) |  |  | $ | 76 |  |  | $ | 163 |  |  | $ | (46) |  |  | $ | (283) |  |  |  |  |  |  |  |  | $ | (11) |  |  | $ | 3 |  |  | $ | (8) |  |  |  |  |  |  | $ | (291) |
OCI for the period |  | (240) |  |  | 46 |  |  | 259 |  |  | (61) |  |  | 4 |  |  |  |  |  |  |  |  | 3 |  |  | (1) |  |  | 2 |  |  |  |  |  |  | 6 |
Balance, September 30, 2023 |  | $ | (716) |  |  | $ | 122 |  |  | $ | 422 |  |  | $ | (107) |  |  | $ | (279) |  |  |  |  |  |  |  |  | $ | (8) |  |  | $ | 2 |  |  | $ | (6) |  |  |  |  |  |  | $ | (285) |
Nine Months Ended September 30, 2023
Balance, December 31, 2022 |  | $ | (579) |  |  | $ | 93 |  |  | $ | 310 |  |  | $ | (81) |  |  | $ | (257) |  |  |  |  |  |  |  |  | $ | (13) |  |  | $ | 3 |  |  | $ | (10) |  |  |  |  |  |  | $ | (267) |
OCI for the period |  | (137) |  |  | 29 |  |  | 112 |  |  | (26) |  |  | (22) |  |  |  |  |  |  |  |  | 5 |  |  | (1) |  |  | 4 |  |  |  |  |  |  | (18) |
Balance, September 30, 2023 |  | $ | (716) |  |  | $ | 122 |  |  | $ | 422 |  |  | $ | (107) |  |  | $ | (279) |  |  |  |  |  |  |  |  | $ | (8) |  |  | $ | 2 |  |  | $ | (6) |  |  |  |  |  |  | $ | (285) |
(1) Net investment hedges balance at September 30, 2024 and earlier dates presented above, includes accumulated net losses from fair value adjustments of $35 million ($53 million before tax) associated with previously settled derivatives that were designated as net investment hedges. The remaining balances relate to foreign currency transaction gains (losses) and related tax benefits (expenses) associated with the Company's Euro-denominated debt that is designated as a hedge of the foreign currency exposure of the net investment in certain Euro functional currency subsidiaries (see Note 9). (2) The tax benefits relate to foreign currency translation adjustments to the Company's one-time deemed repatriation tax liability recorded at December 31, 2017 and foreign earnings for periods after December 31, 2017 that are subject to U.S. federal and state income tax, resulting from the enactment of the Tax Act.

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

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration