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Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Schedule of Components of Accumulated Other Comprehensive Income (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, 2023 (in millions):
| Cumulative Translation Adjustment |  | Pension and Postretirement Costs |  | Derivative Financial Instruments |  | AOCL
Balance at December 31, 2022 | $ | (688) |  |  | $ | (309) |  |  | $ | (14) |  |  | $ | (1,011) |
Other comprehensive income (loss) before reclassifications | 8 |  |  | (6) |  |  | (11) |  |  | (9) |
Amounts reclassified to earnings | — |  |  | 5 |  |  | (6) |  |  | (1) |
Net current period other comprehensive income (loss) | 8 |  |  | (1) |  |  | (17) |  |  | (10) |
Balance at June 30, 2023 | $ | (680) |  |  | $ | (310) |  |  | $ | (31) |  |  | $ | (1,021) |
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, 2023 and 2022 were pretax (income) expense of (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Cumulative translation adjustment (1) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |
Pension and postretirement benefit plans (2) | 5 |  |  | 3 |  |  | 5 |  |  | 7 |
Derivative financial instruments (3) | 1 |  |  | (4) |  |  | (8) |  |  | (3) |
(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 AOCL | 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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Foreign currency translation adjustments | $ | (12) |  |  | $ | 19 |  |  | $ | (18) |  |  | $ | 20 |
Pension and postretirement benefit costs | 1 |  |  | 1 |  |  | 1 |  |  | 1 |
Derivative financial instruments | (2) |  |  | 4 |  |  | (5) |  |  | 3 |
Income tax provision (benefit) related to AOCL | $ | (13) |  |  | $ | 24 |  |  | $ | (22) |  |  | $ | 24 |

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