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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Statement of comprehensive income [abstract]        
Net (loss) $ (422) $ (390) $ (479) $ (499)
Other comprehensive income to be eventually recycled into the consolidated income statement:        
Currency translation effects 13 5 (42) 1
Total of items to eventually recycle 13 5 (42) 1
Other comprehensive income never to be recycled into the consolidated income statement:        
Actuarial (losses) from defined benefit plans, net of taxes [1] (22) 0 (23) (7)
Fair value adjustments on equity securities, net of taxes [2] 0 0 (7) (2)
Total of items never to be recycled (22) 0 (30) (9)
Total comprehensive (loss) $ (431) $ (385) $ (551) $ (507)
[1]
Amounts are net of tax benefit of $5 million for the three months ended June 30, 2020. Amounts are net of tax benefits of $7 million and $2 million for the six months ended June 30, 2020 and 2019, respectively.
[2]
Amounts are net of tax benefits of $3 million and $5 million for the six months ended June 30, 2020 and 2019, respectively.