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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 HedgesGain (Loss) on Net Investment and Fair Value HedgesPension
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 benefit4 — 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)$(677)
Other comprehensive income (loss) before reclassifications and tax impact58 — (46)— 12 
Tax benefit17 — 10 — 27 
Other comprehensive income (loss), net of tax, before reclassifications75 — (36)— 39 
Amounts reclassified from accumulated other comprehensive income (loss), net of tax— — — — — 
Net increase (decrease) in other comprehensive income75 — (36)— 39 
Balance, net of tax, at September 30, 2024$(470)$(13)$(112)$(43)$(638)
(in millions)Foreign Currency Translation Gain (Loss)Gain (Loss) on Cash Flow HedgesGain (Loss) on Net Investment and Fair Value HedgesPension
Liability Gain (Loss)		Total
Balance, net of tax, at December 31, 2022$(522)$(17)$(73)$(16)$(628)
Other comprehensive income (loss) before reclassifications and tax impact6 (1)— — 5 
Tax benefit
9 — — — 9 
Other comprehensive income (loss), net of tax, before reclassifications15 (1)— — 14 
Amounts reclassified from accumulated other comprehensive income (loss), net of tax— — — — — 
Net increase (decrease) in other comprehensive income15 (1)— — 14 
Balance, net of tax, at March 31, 2023$(507)$(18)$(73)$(16)$(614)
Other comprehensive loss before reclassifications and tax impact(3)— (11)— (14)
Tax benefit3 — 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.