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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Components of Accumulated Other Comprehensive Income (Loss) | The following table summarizes the changes in accumulated other comprehensive income (deficit) (in millions):
| Three Months Ended June 30, | Six Months Ended June 30, |
| 2023 | 2022 | 2023 | 2022 |
Currency Translation Adjustment |  |  |  |  |
Beginning balance | $ | (349) |  | $ | (306) |  | $ | (380) |  | $ | (279) |  |
Net investment hedge amounts classified into AOCI, net of tax | — |  | 2 |  | — |  | 4 |  |
Gain (loss) on foreign currency translation | 10 |  | (54) |  | 41 |  | (83) |  |
Other comprehensive income (loss), net of tax | 10 |  | (52) |  | 41 |  | (79) |  |
Ending balance | $ | (339) |  | $ | (358) |  | $ | (339) |  | $ | (358) |  |
Pension and Other Postretirement Adjustment |  |  |  |  |
Beginning balance | $ | (302) |  | $ | (315) |  | $ | (301) |  | $ | (318) |  |
Amounts reclassified from AOCI to net earnings, net of tax (a) | — |  | 2 |  | — |  | 2 |  |
Amounts classified into AOCI, net of tax | (2) |  | 4 |  | (3) |  | 7 |  |
Other comprehensive (loss) income, net of tax | (2) |  | 6 |  | (3) |  | 9 |  |
Ending balance | $ | (304) |  | $ | (309) |  | $ | (304) |  | $ | (309) |  |
Hedging Adjustment |  |  |  |  |
Beginning balance | $ | (1) |  | $ | 40 |  | $ | — |  | $ | 16 |  |
Amounts reclassified from AOCI to net earnings, net of tax (b) | 11 |  | (12) |  | 24 |  | (20) |  |
Amounts classified into AOCI, net of tax | (4) |  | 11 |  | (18) |  | 43 |  |
Other comprehensive income (loss), net of tax | 7 |  | (1) |  | 6 |  | 23 |  |
Ending balance | $ | 6 |  | $ | 39 |  | $ | 6 |  | $ | 39 |  |
Total AOCI ending balance | $ | (637) |  | $ | (628) |  | $ | (637) |  | $ | (628) |  |
(a)These AOCI components are included in the computation of total Pension and Other postretirement expense and are recorded in Non-operating income. See Note 12 for additional information. (b)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.

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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 + Details
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