CHANGES IN ACCUMULATED OTHER COMPREHENSIVE DEFICIT (Tables)

12 Months Ended

Dec. 31, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in accumulated other comprehensive income (deficit) (in millions):


	Twelve Months Ended December 31,
	2022		2021
Currency Translation Adjustment
Beginning balance	$	(279)	$	(220)
Net investment hedge amounts classified into AOCI, net of tax	4		9
Loss on foreign currency translation	(105)		(68)




Other comprehensive loss, net of tax	(101)		(59)
Ending balance	$	(380)	$	(279)
Pension and Other Postretirement Adjustment
Beginning balance	$	(318)	$	(372)






Amounts reclassified from AOCI to net earnings, net of tax (a)	5		5



Amounts classified into AOCI, net of tax (b)	12		49
Other comprehensive income, net of tax	17		54
Ending balance	$	(301)	$	(318)
Hedging Adjustment
Beginning balance	$	16	$	4


Amounts reclassified from AOCI to net earnings, net of tax (c)	(44)		(11)





Amounts classified into AOCI, net of tax	28		23
Other comprehensive (loss) income, net of tax	(16)		12
Ending balance	$	—	$	16
Total AOCI ending balance	$	(681)	$	(581)

(a)These AOCI components are included in the computation of total Pension and Other Postretirement cost and are recorded in Non-operating income. See Notes 15 and 16 for additional information.

(b)The 2021 amounts classified into AOCI, net of tax include the impact of a pension plan remeasurement that occurred in the third quarter of 2021 related to the purchase and sale agreement for the Company's Insulation site in Santa Clara, California. See Note 13 for additional information.

(c)Amounts reclassified from (loss) gain on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Cost of sales or Interest expense, net depending on the hedged item. See Note 4 for additional information.