XML 21 R9.htm IDEA: XBRL DOCUMENT v3.24.3
Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) 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 nine months ended September 30, 2024 (in millions):
Cumulative
Translation
Adjustment
Pension and 
Postretirement
Costs
Derivative
Financial
Instruments
AOCL
Balance at December 31, 2023$(668)$(196)$(26)$(890)
Other comprehensive income (loss) before reclassifications(62)(51)
Amounts reclassified to earnings(1)
Net current period other comprehensive income (loss)(61)13 (43)
Balance at September 30, 2024$(729)$(191)$(13)$(933)

Reclassifications from AOCL to the results of operations for the three and nine months ended September 30, 2024 and 2023 were pretax (income) expense of (in millions):
Three Months Ended
September 30,
Nine Months Ended
 September 30,
2024202320242023
Cumulative translation adjustment (1)
$$— $$— 
Pension and postretirement benefit plans (2)
(1)64 (2)69 
Derivative financial instruments (3)
10 (3)
(1)See Footnote 14 for further information.
(2)See Footnote 10 for further information.
(3)See Footnote 9 for further information.

The income tax provision (benefit) allocated to the components of AOCL for the periods indicated are as follows (in millions):

Three Months Ended
September 30,
Nine Months Ended
 September 30,
2024202320242023
Foreign currency translation adjustments$(21)$21 $(5)$
Pension and postretirement benefit costs15 16 
Derivative financial instruments(1)(2)
Income tax provision (benefit) related to AOCL$(21)$39 $2 $17