XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.24.3

COMPREHENSIVE INCOME (LOSS) | 9 Months Ended
--- | ---
Sep. 30, 2024
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, 2024 and 2023 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, 2023 |  | $ | (473) |  |  | $ | (13) |  |  | $ | (107) |  |  |  |  | $ | (43) |  |  | $ | (636) |
Other comprehensive (loss) income before reclassifications and tax impact |  | (34) |  |  | — |  |  | 42 |  |  |  |  | — |  |  | 8 |
Tax expense |  | (28) |  |  | — |  |  | (10) |  |  |  |  | — |  |  | (38) |
Other comprehensive (loss) income, net of tax, before reclassifications |  | (62) |  |  | — |  |  | 32 |  |  |  |  | — |  |  | (30) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |
Net (decrease) increase in other comprehensive income |  | (62) |  |  | — |  |  | 32 |  |  |  |  | — |  |  | (30) |
Balance, net of tax, at March 31, 2024 |  | $ | (535) |  |  | $ | (13) |  |  | $ | (75) |  |  |  |  | $ | (43) |  |  | $ | (666) |
Other comprehensive (loss) before reclassifications and tax impact |  | (14) |  |  | — |  |  | (2) |  |  |  |  | — |  |  | (16) |
Tax benefit |  | 4 |  |  | — |  |  | 1 |  |  |  |  | — |  |  | 5 |
Other comprehensive (loss), net of tax, before reclassifications |  | (10) |  |  | — |  |  | (1) |  |  |  |  | — |  |  | (11) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |
Net (decrease) in other comprehensive income |  | (10) |  |  | — |  |  | (1) |  |  |  |  | — |  |  | (11) |
Balance, net of tax, at June 30, 2024 |  | $ | (545) |  |  | $ | (13) |  |  | $ | (76) |  |  |  |  | $ | (43) |  |  | $ | (677) |
Other comprehensive income (loss) before reclassifications and tax impact |  | 58 |  |  | — |  |  | (46) |  |  |  |  | — |  |  | 12 |
Tax benefit |  | 17 |  |  | — |  |  | 10 |  |  |  |  | — |  |  | 27 |
Other comprehensive income (loss), net of tax, before reclassifications |  | 75 |  |  | — |  |  | (36) |  |  |  |  | — |  |  | 39 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |
Net increase (decrease) in other comprehensive income |  | 75 |  |  | — |  |  | (36) |  |  |  |  | — |  |  | 39 |
Balance, net of tax, at September 30, 2024 |  | $ | (470) |  |  | $ | (13) |  |  | $ | (112) |  |  |  |  | $ | (43) |  |  | $ | (638) |
(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 |  | 6 |  |  | (1) |  |  | — |  |  |  |  | — |  |  | 5 |
Tax benefit |  | 9 |  |  | — |  |  | — |  |  |  |  | — |  |  | 9 |
Other comprehensive income (loss), net of tax, before reclassifications |  | 15 |  |  | (1) |  |  | — |  |  |  |  | — |  |  | 14 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |
Net increase (decrease) in other comprehensive income |  | 15 |  |  | (1) |  |  | — |  |  |  |  | — |  |  | 14 |
Balance, net of tax, at March 31, 2023 |  | $ | (507) |  |  | $ | (18) |  |  | $ | (73) |  |  |  |  | $ | (16) |  |  | $ | (614) |
Other comprehensive loss before reclassifications and tax impact |  | (3) |  |  | — |  |  | (11) |  |  |  |  | — |  |  | (14) |
Tax benefit |  | 3 |  |  | — |  |  | 3 |  |  |  |  | — |  |  | 6 |
Other comprehensive loss, net of tax, before reclassifications |  | — |  |  | — |  |  | (8) |  |  |  |  | — |  |  | (8) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | 2 |  |  | — |  |  |  |  | — |  |  | 2 |
Net increase (decrease) in other comprehensive income |  | — |  |  | 2 |  |  | (8) |  |  |  |  | — |  |  | (6) |
Balance, net of tax, at June 30, 2023 |  | $ | (507) |  |  | $ | (16) |  |  | $ | (81) |  |  |  |  | $ | (16) |  |  | $ | (620) |
Other comprehensive (loss) income before reclassifications and tax impact |  | (60) |  |  | 1 |  |  | 33 |  |  |  |  | — |  |  | (26) |
Tax expense |  | (4) |  |  | — |  |  | (8) |  |  |  |  | — |  |  | (12) |
Other comprehensive (loss) income, net of tax, before reclassifications |  | (64) |  |  | 1 |  |  | 25 |  |  |  |  | — |  |  | (38) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | 1 |  |  | — |  |  |  |  | — |  |  | 1 |
Net (decrease) increase in other comprehensive income |  | (64) |  |  | 2 |  |  | 25 |  |  |  |  | — |  |  | (37) |
Balance, net of tax, at September 30, 2023 |  | $ | (571) |  |  | $ | (14) |  |  | $ | (56) |  |  |  |  | $ | (16) |  |  | $ | (657) |
At September 30, 2024 and December 31, 2023, the cumulative tax adjustments were $160 million and $166 million, respectively, primarily related to foreign currency translation adjustments. The cumulative foreign currency translation adjustments included translation losses of $357 million and $360 million at September 30, 2024 and December 31, 2023, respectively, and cumulative losses on loans designated as hedges of net investments of $113 million at both September 30, 2024 and December 31, 2023. Reclassifications out of AOCI to the Consolidated Statements of Operations for the three and nine months ended September 30, 2024 and 2023 were not significant.

X
- 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://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration