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COMPREHENSIVE (LOSS) INCOME (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2023 and 2022 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, 2022 |  | $ | (522) |  |  | $ | (17) |  |  | $ | (73) |  |  |  |  | $ | (16) |  |  | $ | (628) |
Other comprehensive income (loss) before reclassifications and tax impact |  | 2 |  |  | — |  |  | (45) |  |  |  |  | (34) |  |  | (77) |
Tax benefit |  | 47 |  |  | — |  |  | 11 |  |  |  |  | 8 |  |  | 66 |
Other comprehensive income (loss), net of tax, before reclassifications |  | $ | 49 |  |  | $ | — |  |  | $ | (34) |  |  |  |  | $ | (26) |  |  | $ | (11) |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 4 |  |  | — |  |  |  |  | (1) |  |  | 3 |
Net increase (decrease) in other comprehensive income |  | 49 |  |  | 4 |  |  | (34) |  |  |  |  | (27) |  |  | (8) |
Balance, net of tax, at December 31, 2023 |  | $ | (473) |  |  | $ | (13) |  |  | $ | (107) |  |  |  |  | $ | (43) |  |  | $ | (636) |
(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 |  | (127) |  |  | (1) |  |  | 39 |  |  |  |  | 116 |  |  | 27 |
Tax expense |  | (29) |  |  | — |  |  | (9) |  |  |  |  | (30) |  |  | (68) |
Other comprehensive (loss) income, net of tax, before reclassifications |  | $ | (156) |  |  | $ | (1) |  |  | $ | 30 |  |  |  |  | $ | 86 |  |  | $ | (41) |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | — |  |  | — |  |  |  |  | 5 |  |  | 5 |
Net (decrease) increase in other comprehensive income |  | (156) |  |  | (1) |  |  | 30 |  |  |  |  | 91 |  |  | (36) |
Balance, net of tax, at December 31, 2022 |  | $ | (522) |  |  | $ | (17) |  |  | $ | (73) |  |  |  |  | $ | (16) |  |  | $ | (628) |
Schedule of Reclassification out of Accumulated Other Comprehensive Income | Reclassification out of AOCI to the Consolidated Statements of Operations for the years ended December 31, 2023, 2022 and 2021 were as follows:
|  | Amounts Reclassified from AOCI | Affected Line Item in the Consolidated Statements of Operations
|  | Year Ended December 31,
(in millions) |  | 2023 |  | 2022 |  | 2021
Gain (Loss) on derivative financial instruments:
Interest rate swaps |  | $ | (3) |  |  | $ | (3) |  |  | $ | (4) |  | Interest expense, net
Foreign exchange forward contracts |  | (1) |  |  | 3 |  |  | (3) |  | Cost of products sold
Net loss before tax |  | $ | (4) |  |  | $ | — |  |  | $ | (7) |  |
Tax impact |  | — |  |  | — |  |  | — |  | (Benefit) provision for income taxes
Net loss after tax |  | $ | (4) |  |  | $ | — |  |  | $ | (7) |  |  |  |
Amortization of defined benefit pension and other postemployment benefit items:
Amortization of prior service benefits |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  | (a)
Amortization of net actuarial losses |  | — |  |  | (8) |  |  | (12) |  | (a)
Net income (loss) before tax |  | $ | 1 |  |  | $ | (7) |  |  | $ | (11) |  |
Tax impact |  | — |  |  | 2 |  |  | 3 |  | (Benefit) provision for income taxes
Net income (loss) after tax |  | $ | 1 |  |  | $ | (5) |  |  | $ | (8) |  |
Total reclassifications for the period |  | $ | (3) |  |  | $ | (5) |  |  | $ | (15) |  |  |  |
(a) These AOCI components are included in the computation of net periodic benefit cost for the years ended December 31, 2023, 2022 and 2021, respectively.

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