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COMPREHENSIVE INCOME (LOSS) | 3 Months Ended
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Mar. 31, 2021
Equity [Abstract] |
COMPREHENSIVE INCOME (LOSS) | COMPREHENSIVE INCOME (LOSS) Changes in Accumulated other comprehensive income (loss) ("AOCI"), net of tax, by component for the three months ended March 31, 2021 and 2020 were as follows:
(in millions) |  | Foreign Currency Translation Gain (Loss) |  | Gain (Loss) on Cash Flow Hedges |  | Gain (Loss) on Net Investment Hedges |  |  |  | Pension Liability Gain (Loss) |  | Total
Balance, net of tax, at December 31, 2020 |  | $ | (187) |  |  | $ | (25) |  |  | $ | (119) |  |  |  |  | $ | (133) |  |  | $ | (464) |
Other comprehensive (loss) income before reclassifications and tax impact |  | (74) |  |  | (6) |  |  | 9 |  |  |  |  | 3 |  |  | (68) |
Tax (expense) benefit |  | (25) |  |  | 2 |  |  | (2) |  |  |  |  | (1) |  |  | (26) |
Other comprehensive (loss) income, net of tax, before reclassifications |  | (99) |  |  | (4) |  |  | 7 |  |  |  |  | 2 |  |  | (94) |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 2 |  |  | — |  |  |  |  | 2 |  |  | 4 |
Net (decrease) increase in other comprehensive loss |  | (99) |  |  | (2) |  |  | 7 |  |  |  |  | 4 |  |  | (90) |
Balance, net of tax, at March 31, 2021 |  | $ | (286) |  |  | $ | (27) |  |  | $ | (112) |  |  |  |  | $ | (129) |  |  | $ | (554) |
(in millions) |  | Foreign Currency Translation Gain (Loss) |  | Gain (Loss) on Cash Flow Hedges |  | Gain (Loss) on Net Investment Hedges |  |  |  |  |  | Pension Liability Gain (Loss) |  | Total
Balance, net of tax, at December 31, 2019 |  | $ | (368) |  |  | $ | (11) |  |  | $ | (101) |  |  |  |  |  |  | $ | (120) |  |  | $ | (600) |
Other comprehensive (loss) income before reclassifications and tax impact |  | (117) |  |  | (16) |  |  | 25 |  |  |  |  |  |  | — |  |  | (108) |
Tax (expense) benefit |  | (2) |  |  | 4 |  |  | (8) |  |  |  |  |  |  | — |  |  | (6) |
Other comprehensive (loss) income, net of tax, before reclassifications |  | (119) |  |  | (12) |  |  | 17 |  |  |  |  |  |  | — |  |  | (114) |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | — |  |  | — |  |  |  |  |  |  | 2 |  |  | 2 |
Net (decrease) increase in other comprehensive loss |  | (119) |  |  | (12) |  |  | 17 |  |  |  |  |  |  | 2 |  |  | (112) |
Balance, net of tax, at March 31, 2020 |  | $ | (487) |  |  | $ | (23) |  |  | $ | (84) |  |  |  |  |  |  | $ | (118) |  |  | $ | (712) |
These amounts are recorded in AOCI, net of any related tax adjustments. At March 31, 2021 and December 31, 2020, the cumulative tax adjustments were $190 million and $216 million, respectively, primarily related to foreign currency translation gains and losses. The cumulative foreign currency translation adjustments included translation losses of $159 million and $25 million at March 31, 2021 and December 31, 2020, respectively, and cumulative losses on loans designated as hedges of net investments of $127 million and $162 million, respectively. These foreign currency translation losses were partially offset by movements on derivative financial instruments. Reclassifications out of AOCI to the Consolidated Statements of Operations for the three months ended March 31, 2021 and 2020 were insignificant.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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