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Accumulated Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) The following table provides the components of AOCL for the nine months ended September 30, 2023:
(in millions)Foreign Currency TranslationPost-retirement Benefit PlansDerivative InstrumentsTotal
Balance at January 1, 2023$(180)$(41)$(5)$(226)
Foreign currency translation adjustment22   22 
Tax on foreign currency translation adjustment5   5 
Amortization of actuarial gain on post-retirement benefit plans into other non-operating income, net (1) (1)
Income tax impact on amortization of post-retirement benefit plan items 1  1 
Unrealized gain on derivative hedge agreements  4 4 
Income tax benefit on unrealized gain on derivative hedge agreements  (1)(1)
Reclassification of unrealized loss on foreign exchange agreements into revenue  3 3 
Reclassification of unrealized loss on foreign exchange agreements into cost of revenue  2 2 
Balance at March 31, 2023$(153)$(41)$3 $(191)
Foreign currency translation adjustment(38)  (38)
Tax on foreign currency translation adjustment9   9 
Amortization of prior service credit and actuarial gain on post-retirement benefit plans into other non-operating income, net (1) (1)
Foreign currency translation adjustment for post-retirement benefit plans
 (1) (1)
Unrealized loss on derivative hedge agreements  (3)(3)
Reclassification of unrealized gain on foreign exchange agreements into revenue  (1)(1)
Balance at June 30, 2023$(182)$(43)$(1)$(226)
Foreign currency translation adjustment(61)  (61)
Tax on foreign currency translation adjustment(9)  (9)
Amortization of prior service cost and net actuarial loss on post-retirement benefit plans into other non-operating income, net (1) (1)
Foreign currency translation adjustment for post-retirement benefit plans 1  1 
Unrealized loss on derivative hedge agreements  (4)(4)
Balance at September 30, 2023$(252)$(43)$(5)$(300)
The following table provides the components of AOCL for the nine months ended September 30, 2022:
(in millions)Foreign Currency TranslationPost-retirement Benefit PlansDerivative InstrumentsTotal
Balance at January 1, 2022$(101)$(268)$(2)$(371)
Foreign currency translation adjustment(3)  (3)
Tax on foreign currency translation adjustment(2)  (2)
Amortization of actuarial loss on post-retirement benefit plans into other non-operating income, net 4  4 
Income tax impact on amortization of post-retirement benefit plan items (1) (1)
Unrealized loss on derivative hedge agreements  (6)(6)
Reclassification of unrealized loss on foreign exchange agreements into revenue  2 2 
Balance at March 31, 2022$(106)$(265)$(6)$(377)
Cumulative effect of change in accounting principle 
Foreign currency translation adjustment(41)  (41)
Tax on foreign currency translation adjustment(28)  (28)
Changes in post-retirement benefit plans    
Amortization of prior service cost and net actuarial loss on post-retirement benefit plans into other non-operating income, net 4  4 
Other non-operating income    
Income tax impact on amortization of post-retirement benefit plan items (1) (1)
Unrealized gain on derivative hedge agreements  (9)(9)
Income tax benefit on unrealized gain on derivative hedge agreements  1 1 
Reclassification of unrealized loss on foreign exchange agreements into revenue  2 2 
Reclassification of unrealized loss on foreign exchange agreements into cost of revenue  1 1 
Balance at June 30, 2022$(175)$(262)$(11)$(448)
Foreign currency translation adjustment(74)— — (74)
Tax on foreign currency translation adjustment(28)— — (28)
Amortization of prior service cost and net actuarial loss on post-retirement benefit plans into other non-operating income, net— — 
U.K. pension settlement expense— 137 — 137 
Foreign currency translation adjustment for post-retirement
benefit plans
— 46 — 46 
Income tax impact on amortization of post-retirement benefit plan items and U.K. pension settlement expense— (35)— (35)
Unrealized loss on derivative hedge agreements— — (8)(8)
Reclassification of unrealized loss on foreign exchange agreements into revenue— — 
Reclassification of unrealized loss on foreign exchange agreements into cost of revenue— — 
Balance at September 30, 2022$(277)$(111)$(11)$(399)