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Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Loss | The following table displays the changes in Accumulated Other Comprehensive Income (Loss) (“AOCL”) by component, net of tax, for the six months ended June 30, 2022 (in millions):
| Cumulative Translation Adjustment |  | Pension and Postretirement Costs |  | Derivative Financial Instruments |  | AOCL
Balance at December 31, 2021 | $ | (575) |  |  | $ | (292) |  |  | $ | (15) |  |  | $ | (882) |
Other comprehensive income (loss) before reclassifications | (103) |  |  | 6 |  |  | 13 |  |  | (84) |
Amounts reclassified to earnings | 6 |  |  | 6 |  |  | (2) |  |  | 10 |
Net current period other comprehensive income (loss) | (97) |  |  | 12 |  |  | 11 |  |  | (74) |
Balance at June 30, 2022 | $ | (672) |  |  | $ | (280) |  |  | $ | (4) |  |  | $ | (956) |
Schedule of Reclassification from AOCL to Results of Operations | Reclassifications from AOCL to the results of operations for the three and six months ended June 30, 2022 and 2021 were pretax (income) expense of (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Cumulative translation adjustment (1) | $ | — |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |
Pension and postretirement benefit plans (2) | 3 |  |  | 6 |  |  | 7 |  |  | 11 |
Derivative financial instruments (3) | (4) |  |  | 7 |  |  | (3) |  |  | 11 |
(1)See Footnote 2 for further information. (2)See Footnote 11 for further information. (3)See Footnote 10 for further information.
Schedule of Income Tax (Provision) Benefit Allocated to Components of OCI | The income tax provision (benefit) allocated to the components of AOCL for the periods indicated are as follows (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Foreign currency translation adjustments | $ | 19 |  |  | $ | (3) |  |  | $ | 20 |  |  | $ | 9 |
Pension and postretirement benefit costs | 1 |  |  | 1 |  |  | 1 |  |  | 2 |
Derivative financial instruments | 4 |  |  | 1 |  |  | 3 |  |  | 3 |
Income tax provision (benefit) related to AOCL | $ | 24 |  |  | $ | (1) |  |  | $ | 24 |  |  | $ | 14 |

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