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Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Components of Accumulated Other Comprehensive Income (Loss) | The following tables display the components of accumulated other comprehensive income (loss) (“AOCL”), net of tax, as of and for the years ended December 31, 2023 and 2022 (in millions):
| Cumulative Translation Adjustment |  | Pension and Postretirement Cost |  | Derivative Financial Instruments |  | AOCL
Balance at December 31, 2021 | $ | (575) |  |  | $ | (292) |  |  | $ | (15) |  |  | $ | (882) |
Other comprehensive income (loss) before reclassifications | (119) |  |  | (25) |  |  | 20 |  |  | (124) |
Amounts reclassified to earnings | 6 |  |  | 8 |  |  | (19) |  |  | (5) |
Net current period other comprehensive income (loss) | (113) |  |  | (17) |  |  | 1 |  |  | (129) |
Balance at December 31, 2022 | $ | (688) |  |  | $ | (309) |  |  | $ | (14) |  |  | $ | (1,011) |
Other comprehensive income (loss) before reclassifications | 9 |  |  | 18 |  |  | (16) |  |  | 11 |
Amounts reclassified to earnings | 11 |  |  | 95 |  |  | 4 |  |  | 110 |
Net current period other comprehensive income (loss) | 20 |  |  | 113 |  |  | (12) |  |  | 121 |
Balance at December 31, 2023 | $ | (668) |  |  | $ | (196) |  |  | $ | (26) |  |  | $ | (890) |
Schedule of Reclassifications from AOCL to Results of Operations | Reclassifications from AOCL to the results of operations for the years ended December 31, were pretax (income) expense of (in millions):
| 2023 |  | 2022 |  | 2021
Cumulative translation adjustment (1) | $ | 11 |  |  | $ | 6 |  |  | $ | — |
Pension and postretirement benefit plans (2) | 130 |  |  | 13 |  |  | 23 |
Derivative financial instruments (3) | 5 |  |  | (21) |  |  | 23 |
(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 years ended December 31, are as follows (in millions):
| 2023 |  | 2022 |  | 2021
Foreign currency translation adjustments | $ | (20) |  |  | $ | 2 |  |  | $ | 20 |
Unrecognized pension and postretirement costs | 36 |  |  | (10) |  |  | 20 |
Derivative financial instruments | (4) |  |  | 1 |  |  | 9 |
Income tax provision (benefit) related to AOCL | $ | 12 |  |  | $ | (7) |  |  | $ | 49 |

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