The pre-tax effect of derivative instruments in cash flow hedging relationships in the Company’s Condensed Consolidated Statements of Operations is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amount of (Gain) Loss Recognized in Accumulated Other Comprehensive Loss | Location in Statement of Operations | Amount of Loss (Gain) Recognized in Statement of Operations | | Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended June 30, | Six Months Ended June 30, | | In millions | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | | Commodity Contracts | $ | (2) | | $ | 2 | | $ | 3 | | $ | 19 | | Cost of Sales | $ | 3 | | $ | 9 | | $ | 8 | | $ | 20 | | | | | | | | | | | | | Interest Rate Swap Agreements | — | | (4) | | — | | (3) | | Interest Expense, Net | — | | (1) | | (1) | | (1) | | | Total | $ | (2) | | $ | (2) | | $ | 3 | | $ | 16 | | Total | $ | 3 | | $ | 8 | | $ | 7 | | $ | 19 | |
The pre-tax effect of derivative instruments not designated as hedging instruments in the Company’s Condensed Consolidated Statements of Operations is as follows:
| | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | Six Months Ended June 30, | | In millions | Location in Statement of Operations | 2024 | 2023 | 2024 | 2023 | | Foreign Currency Contracts | Other Expense, Net | $ | (1) | | $ | (1) | | $ | (6) | | $ | (4) | | | Commodity Contracts | Business Combinations, Exit Activities and Other Special Items, Net | 2 | | — | | 2 | | — | | | | | | | | | Total | | $ | 1 | | $ | (1) | | $ | (4) | | $ | (4) | |
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