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COMPREHENSIVE INCOME (LOSS) (Tables)
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated other comprehensive income (loss) (“AOCI”), net of tax, by component for the six months ended June 30, 2022 and 2021 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, 2021 $ (366) $ (16) $ (103) $ (107) $ (592)
Other comprehensive (loss) income before reclassifications and tax impact (37) 3  9  —  (25)
Tax expense (11) —  (1) —  (12)
Other comprehensive (loss) income, net of tax, before reclassifications (48) 3  8  —  (37)
Amounts reclassified from accumulated other comprehensive income, net of tax —  (1) —  1  — 
Net (decrease) increase in other comprehensive loss (48) 2  8  1  (37)
Balance, net of tax, at March 31, 2022 $ (414) $ (14) $ (95) $ (106) $ (629)
Other comprehensive (loss) income before reclassifications and tax impact (86) (3) 32  —  (57)
Tax expense (28) —  (8) —  (36)
Other comprehensive (loss) income, net of tax, before reclassifications (114) (3) 24  —  (93)
Amounts reclassified from accumulated other comprehensive income, net of tax —  1  —  2  3 
Net (decrease) increase in other comprehensive income (114) (2) 24  2  (90)
Balance, net of tax, at June 30, 2022 $ (528) $ (16) $ (71) $ (104) $ (719)
(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 income (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)