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COMPREHENSIVE (LOSS) INCOME (Tables) | 12 Months Ended
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Dec. 31, 2020
Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | Changes in AOCI, net of tax, by component for the years ended December 31, 2020 and 2019 were as follows:
(in millions) |  | Foreign Currency Translation Gain (Loss) |  | Gain and (Loss) on Cash Flow Hedges |  | Gain and (Loss) on Net Investment and Fair Value Hedges |  |  |  | Pension Liability Gain (Loss) |  | Total
Balance, net of tax, at December 31, 2019 |  | $ | (368) |  |  | $ | (11) |  |  | $ | (101) |  |  |  |  | $ | (120) |  |  | $ | (600) |
Other comprehensive income (loss) before reclassifications and tax impact |  | 151 |  |  | (17) |  |  | (23) |  |  |  |  | (26) |  |  | 85 |
Tax benefit |  | 30 |  |  | 1 |  |  | 5 |  |  |  |  | 7 |  |  | 43 |
Other comprehensive income (loss), net of tax, before reclassifications |  | $ | 181 |  |  | $ | (16) |  |  | $ | (18) |  |  |  |  | $ | (19) |  |  | $ | 128 |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 2 |  |  | — |  |  |  |  | 6 |  |  | 8 |
Net increase (decrease) in other comprehensive income |  | 181 |  |  | (14) |  |  | (18) |  |  |  |  | (13) |  |  | 136 |
Balance, net of tax, at December 31, 2020 |  | $ | (187) |  |  | $ | (25) |  |  | $ | (119) |  |  |  |  | $ | (133) |  |  | $ | (464) |
(in millions) |  | Foreign Currency Translation Gain (Loss) |  | Gain and (Loss) on Cash Flow Hedges |  | Gain and (Loss) on Net Investment and Fair Value Hedges |  |  |  | Pension Liability Gain (Loss) |  | Total
Balance, net of tax, at December 31, 2018 |  | $ | (284) |  |  | $ | 1 |  |  | $ | (112) |  |  |  |  | $ | (84) |  |  | $ | (479) |
Other comprehensive (loss) income before reclassifications and tax impact |  | (88) |  |  | (17) |  |  | 18 |  |  |  |  | (54) |  |  | (141) |
Tax benefit (expense) |  | 4 |  |  | 4 |  |  | (7) |  |  |  |  | 14 |  |  | 15 |
Other comprehensive (loss) income, net of tax, before reclassifications |  | $ | (84) |  |  | $ | (13) |  |  | $ | 11 |  |  |  |  | $ | (40) |  |  | $ | (126) |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 1 |  |  | — |  |  |  |  | 4 |  |  | 5 |
Net (decrease) increase in other comprehensive income |  | (84) |  |  | (12) |  |  | 11 |  |  |  |  | (36) |  |  | (121) |
Balance, net of tax, at December 31, 2019 |  | $ | (368) |  |  | $ | (11) |  |  | $ | (101) |  |  |  |  | $ | (120) |  |  | $ | (600) |
Reclassification out of Accumulated Other Comprehensive Income | Reclassification out of AOCI to the Consolidated Statements of Operations for the years ended December 31, 2020, 2019, and 2018 were as follows:
Details about AOCI Components |  | Amounts Reclassified from AOCI | Affected Line Item in the Consolidated Statements of Operations
|  | Year Ended December 31,
(in millions) |  | 2020 |  | 2019 |  | 2018
Loss on derivative financial instruments:
Interest rate swaps |  | $ | (4) |  |  | $ | (2) |  |  | $ | (2) |  | Interest expense
Foreign exchange forward contracts |  | 2 |  |  | 1 |  |  | (9) |  | Cost of products sold
Net loss before tax |  | $ | (2) |  |  | $ | (1) |  |  | $ | (11) |  |
Tax impact |  | — |  |  | — |  |  | 1 |  | Provision for income taxes
Net loss after tax |  | $ | (2) |  |  | $ | (1) |  |  | $ | (10) |  |  |  |
Realized gain on available-for-sale securities:
Available -for-sale-securities |  | $ | — |  |  | $ | — |  |  | $ | 45 |  | Other expense (income), net
Tax impact |  | — |  |  | — |  |  | (1) |  | Provision for income taxes
Net gain after tax |  | $ | — |  |  | $ | — |  |  | $ | 44 |  |
Amortization of defined benefit pension and other postemployment benefit items:
Amortization of prior service benefits |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |  | (a)
Amortization of net actuarial losses |  | (9) |  |  | (6) |  |  | (6) |  | (a)
Net loss before tax |  | $ | (8) |  |  | $ | (5) |  |  | $ | (6) |  |
Tax impact |  | 2 |  |  | 1 |  |  | 2 |  | Provision for income taxes
Net loss after tax |  | $ | (6) |  |  | $ | (4) |  |  | $ | (4) |  |
Total reclassifications for the period |  | $ | (8) |  |  | $ | (5) |  |  | $ | 30 |  |  |  |
(a) These AOCI components are included in the computation of net periodic benefit cost for the years ended December 31, 2020, 2019, and 2018, respectively.

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