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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net Income $ 367 $ 418 $ 681 $ 718
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature        
Adjustments and gains (losses) arising during the period 2 4 (8) 12
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax 0 60 0 60
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax 2 64 (8) 72
Tax (expense) benefit 0 0 0 0
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax 2 64 (8) 72
Changes in pension and post-retirement benefits        
Unrealized gains (losses) arising during period, before Tax 0 0 0 0
Reclassification of (gains) losses into Net Income 1 1 1 1
Changes in pension and post-retirement benefits, before Tax 1 1 1 1
Pension and post-retirement benefit plans, tax 0 0 0 (2)
Pension and post-retirement benefit plans, net of tax 1 1 1 (1)
Changes in derivative instruments        
Unrealized gains (losses) arising during the period 4 26 16 18
Reclassification of (gains) losses into Net Income (8) (8) (16) (11)
Changes in derivative instruments (4) 18 0 7
Changes in derivatives, Tax 1 (5) 0 (2)
Changes in derivatives, net of tax (3) 13 0 5
Other comprehensive income (loss), net of tax 0 78 (7) 76
Comprehensive Income (Loss) $ 367 $ 496 $ 674 $ 794