XML 52 R23.htm IDEA: XBRL DOCUMENT
v3.25.0.1

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT | 12 Months Ended
--- | ---
Dec. 31, 2024
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT | CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT The table below presents the changes in the balances of accumulated other comprehensive loss ("AOCI") by component for the years ended December 31, 2024, 2023, and 2022:
(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 |  |  |  |
Balance, December 31, 2021 |  | $ | (276) |  |  | $ | 67 |  |  | $ | 91 |  |  | $ | (28) |  |  | $ | (146) |  |  |  |  |  |  |  |  | $ | 3 |  |  | $ | (1) |  |  | $ | 2 |  |  | $ | (144) |
Other comprehensive (loss) income ("OCI") for the period |  | (303) |  |  | 26 |  |  | 219 |  |  | (53) |  |  | (111) |  |  |  |  |  |  |  |  | (16) |  |  | 4 |  |  | (12) |  |  | (123) |
Balance, December 31, 2022 |  | $ | (579) |  |  | $ | 93 |  |  | $ | 310 |  |  | $ | (81) |  |  | $ | (257) |  |  |  |  |  |  |  |  | $ | (13) |  |  | $ | 3 |  |  | $ | (10) |  |  | $ | (267) |
OCI for the period |  | 42 |  |  | 1 |  |  | (139) |  |  | 33 |  |  | (63) |  |  |  |  |  |  |  |  | 9 |  |  | (2) |  |  | 7 |  |  | (56) |
Balance, December 31, 2023 |  | $ | (537) |  |  | $ | 94 |  |  | $ | 171 |  |  | $ | (48) |  |  | $ | (320) |  |  |  |  |  |  |  |  | $ | (4) |  |  | $ | 1 |  |  | $ | (3) |  |  | $ | (323) |
OCI for the period |  | (232) |  |  | 36 |  |  | 185 |  |  | (44) |  |  | (55) |  |  |  |  |  |  |  |  | 4 |  |  | (1) |  |  | 3 |  |  | (52) |
Balance, December 31, 2024 |  | $ | (769) |  |  | $ | 130 |  |  | $ | 356 |  |  | $ | (92) |  |  | $ | (375) |  |  |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (375) |
(1) Net investment hedges balance at December 31, 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 Notes 2 and 12). (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 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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration