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COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

The cumulative amount of net investment hedge and cash flow hedge gains (losses) remaining in AOCL is as follows:

			Cumulative Gains/(Losses), net of tax
			September 30, 2024						December 31, 2023
Net investment hedges
Cross currency swaps			$	1					$	21
FX forwards			29						29
Long-term debt			(7)						3
Total net investment hedges			$	23					$	53
Cash flow hedges
Interest rate contracts			$	(43)					$	(45)
Cross currency swaps			1						1
Total cash flow hedges			(42)						(44)
Total net gain in AOCL			$	(19)					$	9

The following tables show changes in AOCL by component (net of tax):

			Three Months Ended September 30,
			2024																		2023
Gains/(Losses)			Pension and Other Retirement Benefits			Cash Flow Hedges			Foreign Currency Translation Adjustments			Net Investment Hedges			Total						Pension and Other Retirement Benefits			Cash Flow Hedges			Foreign Currency Translation Adjustments			Net Investment Hedges			Total
Balance at June 30,			$	(59)		$	(43)		$	(674)		$	159		$	(617)					$	(48)		$	(45)		$	(577)		$	100		$	(570)
Other comprehensive income/(loss) before reclassifications			—			—			249			(136)			113						1			—			(176)			93			(82)
Amounts reclassified from AOCL			—			1			—			—			1						(1)			1			—			—			—
Other comprehensive income/(loss)			—			1			249			(136)			114						—			1			(176)			93			(82)
Balance at September 30,			$	(59)		$	(42)		$	(425)		$	23		$	(503)					$	(48)		$	(44)		$	(753)		$	193		$	(652)

			Nine Months Ended September 30,
			2024																		2023
Gains/(Losses)			Pension and Other Retirement Benefits			Cash Flow Hedges			Foreign Currency Translation Adjustments			Net Investment Hedges			Total						Pension and Other Retirement Benefits			Cash Flow Hedges			Foreign Currency Translation Adjustments			Net Investment Hedges			Total
Balance at December 31,			$	(56)		$	(44)		$	(520)		$	53		$	(567)					$	(47)		$	(45)		$	(736)		$	185		$	(643)
Other comprehensive (loss)/income before reclassifications			(2)			—			95			(30)			63						1			—			(17)			8			(8)
Amounts reclassified from AOCL			(1)			2			—			—			1						(2)			1			—			—			(1)
Other comprehensive (loss)/income			(3)			2			95			(30)			64						(1)			1			(17)			8			(9)
Balance at September 30,			$	(59)		$	(42)		$	(425)		$	23		$	(503)					$	(48)		$	(44)		$	(753)		$	193		$	(652)

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- 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

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