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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME/(LOSS) (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of comprehensive income [abstract]        
Net income $ 148 $ 151 $ 316 $ 235
Other comprehensive income to be eventually recycled into the Consolidated Income Statement:        
Currency translation effects, net of taxes [1] (67) 20 (65) (18)
Total of items to eventually recycle (67) 20 (65) (18)
Other comprehensive income never to be recycled into the Consolidated Income Statement:        
Actuarial gains/(losses) from defined benefit plans, net of taxes [2] 49 (7) 120 15
Fair value adjustments on equity securities, net of taxes [3] 0 0 1 0
Total of items never to be recycled 49 (7) 121 15
Total comprehensive income $ 130 $ 164 $ 372 $ 232
[1] Amounts are net of tax expense of $1 million for the three and six months ended June 30, 2022.
[2] Amounts are net of tax expense of $13 million and tax benefit of $2 million for the three months ended June 30, 2022 and 2021, respectively. Amounts are net of tax expense of $29 million and $7 million for the six months ended June 30, 2022 and 2021, respectively.
[3] Amounts are net of tax expense of $0.1 million and $0.3 million for the three and six months ended June 30, 2022, respectively.