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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Class of Treasury Stock | The following table summarizes the share repurchases under the 2022 Share Repurchase Program.
| 2022 Share Repurchase Program |  |  |
| Shares |  | Amounts(1) |  |  |  |  |
| (in millions) |
Shares repurchased in 2023: |  |  |  |  |  |  |  |
First quarter | — |  |  | $ | — |  |  |  |  |  |
Second quarter | 0.8 |  |  | 50 |  |  |  |  |  |
Third quarter | 1.9 |  |  | 150 |  |  |  |  |  |
Fourth quarter | 2.9 |  |  | 225 |  |  |  |  |  |
Total shares repurchased in 2023 | 5.6 |  |  | 425 |  |  |  |  |  |
Shares repurchased in 2024: |  |  |  |  |  |  |  |
First quarter | 4.3 |  |  | 347 |  |  |  |  |  |
Second quarter | 4.0 |  |  | 305 |  |  |  |  |  |
Total shares repurchased in 2024 | 8.3 |  |  | 652 |  |  |  |  |  |
Shares repurchased as of June 30, 2024 | 13.9 |  |  | $ | 1,077 |  |  |  |  |  |
______________________________________________________________________________ (1)As defined in the 2022 Share Repurchase Program, amounts reflect the price paid for the shares of common stock repurchased, excluding commissions paid to brokers and excise taxes.
Schedule of changes to AOCI | Changes to accumulated other comprehensive loss and the impact on other comprehensive income (loss) are as follows:
| Foreign Currency Translation Adjustment |  |  |  | Unrealized Gain on Derivatives |  | Defined Benefit Plans |  | Accumulated Other Comprehensive Income (Loss)
| (in millions)
Balance as of December 31, 2023 | $ | (146) |  |  |  |  | $ | 3 |  |  | $ | (66) |  |  | $ | (209) |
Loss arising during the period | — |  |  |  |  | — |  |  | (2) |  |  | (2) |
Effect of exchange rate changes and deferred taxes | (22) |  |  |  |  | — |  |  | 1 |  |  | (21) |
Balance as of June 30, 2024 | $ | (168) |  |  |  |  | $ | 3 |  |  | $ | (67) |  |  | $ | (232) |
Balance as of December 31, 2022 | $ | (179) |  |  |  |  | $ | 3 |  |  | $ | (54) |  |  | $ | (230) |
Gain arising during the period | — |  |  |  |  | — |  |  | 5 |  |  | 5 |
Effect of exchange rate changes and deferred taxes | 30 |  |  |  |  | — |  |  | (4) |  |  | 26 |
Balance as of June 30, 2023 | $ | (149) |  |  |  |  | $ | 3 |  |  | $ | (53) |  |  | $ | (199) |

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