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COMPREHENSIVE INCOME (LOSS) | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
COMPREHENSIVE INCOME (LOSS) | COMPREHENSIVE INCOME (LOSS) Changes in Accumulated other comprehensive income (loss) ("AOCI"), net of tax, by component for the nine months ended September 30, 2021 and 2020 were as follows:
(in millions) |  | Foreign Currency Translation Gain (Loss) |  | Gain (Loss) on Cash Flow Hedges |  | Gain (Loss) on Net Investment and Fair Value 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) |
Other comprehensive income before reclassifications and tax impact |  | 31 |  |  | 3 |  |  | 1 |  |  |  |  | — |  |  | 35 |
Tax benefit (expense) |  | 6 |  |  | (2) |  |  | (1) |  |  |  |  | — |  |  | 3 |
Other comprehensive income, net of tax, before reclassifications |  | 37 |  |  | 1 |  |  | — |  |  |  |  | — |  |  | 38 |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 3 |  |  | — |  |  |  |  | 2 |  |  | 5 |
Net increase in other comprehensive income |  | 37 |  |  | 4 |  |  | — |  |  |  |  | 2 |  |  | 43 |
Balance, net of tax, at June 30, 2021 |  | $ | (249) |  |  | $ | (23) |  |  | $ | (112) |  |  |  |  | $ | (127) |  |  | $ | (511) |
Other comprehensive (loss) income before reclassifications and tax impact |  | (59) |  |  | 6 |  |  | 3 |  |  |  |  | — |  |  | (50) |
Tax expense |  | (9) |  |  | (1) |  |  | (1) |  |  |  |  | — |  |  | (11) |
Other comprehensive (loss) benefit, net of tax, before reclassifications |  | (68) |  |  | 5 |  |  | 2 |  |  |  |  | — |  |  | (61) |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 3 |  |  | — |  |  |  |  | 2 |  |  | 5 |
Net increase in other comprehensive (loss) income |  | (68) |  |  | 8 |  |  | 2 |  |  |  |  | 2 |  |  | (56) |
Balance, net of tax, at September 30, 2021 |  | $ | (317) |  |  | $ | (15) |  |  | $ | (110) |  |  |  |  | $ | (125) |  |  | $ | (567) |
(in millions) |  | Foreign Currency Translation Gain (Loss) |  | Gain (Loss) on Cash Flow Hedges |  | Gain (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 (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 income |  | (119) |  |  | (12) |  |  | 17 |  |  |  |  | 2 |  |  | (112) |
Balance, net of tax, at March 31, 2020 |  | $ | (487) |  |  | $ | (23) |  |  | $ | (84) |  |  |  |  | $ | (118) |  |  | $ | (712) |
Other comprehensive income (loss) before reclassifications and tax impact |  | 77 |  |  | — |  |  | (15) |  |  |  |  | — |  |  | 62 |
Tax (expense) benefit |  | (2) |  |  | — |  |  | 7 |  |  |  |  | — |  |  | 5 |
Other comprehensive income (loss)\, net of tax, before reclassifications |  | 75 |  |  | — |  |  | (8) |  |  |  |  | — |  |  | 67 |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | — |  |  | — |  |  |  |  | 1 |  |  | 1 |
Net increase (decrease) in other comprehensive income |  | 75 |  |  | — |  |  | (8) |  |  |  |  | 1 |  |  | 68 |
Balance, net of tax, at June 30, 2020 |  | $ | (412) |  |  | $ | (23) |  |  | $ | (92) |  |  |  |  | $ | (117) |  |  | $ | (644) |
Other comprehensive income (loss) before reclassifications and tax impact |  | 67 |  |  | (3) |  |  | (17) |  |  |  |  | — |  |  | 47 |
Tax benefit (expense) |  | 17 |  |  | (2) |  |  | 2 |  |  |  |  | — |  |  | 17 |
Other comprehensive income (loss), net of tax, before reclassifications |  | 84 |  |  | (5) |  |  | (15) |  |  |  |  | — |  |  | 64 |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 1 |  |  | — |  |  |  |  | 2 |  |  | 3 |
Net increase (decrease) in other comprehensive income |  | 84 |  |  | (4) |  |  | (15) |  |  |  |  | 2 |  |  | 67 |
Balance, net of tax, at September 30, 2020 |  | $ | (328) |  |  | $ | (27) |  |  | $ | (107) |  |  |  |  | $ | (115) |  |  | $ | (577) |
At September 30, 2021 and December 31, 2020, the cumulative tax adjustments were $182 million and $216 million, respectively, primarily related to foreign currency translation gains and losses. The cumulative foreign currency translation adjustments included translation losses of $113 million and $25 million at September 30, 2021 and December 31, 2020, respectively, and cumulative losses on loans designated as hedges of net investments of $204 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 and nine months ended September 30, 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=123367319&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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