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Consolidated Statement of Comprehensive Income (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of comprehensive income [abstract]        
Net income $ 223 $ 169 $ 471 $ 343
Other comprehensive income to be eventually recycled into the Consolidated Income Statement:        
Currency translation effects, net of taxes [1] (22) (18) (74) 9
Total of items to eventually recycle (22) (18) (74) 9
Other comprehensive income never to be recycled into the Consolidated Income Statement:        
Actuarial gains/(losses) from defined benefit plans, net of taxes [2] 5 1 19 (7)
Fair value adjustments on equity securities, net of taxes [3] 4 1 5 2
Total of items never to be recycled 9 2 24 (5)
Total comprehensive income $ 210 $ 153 $ 421 $ 347
[1] Amount is net of tax expense of $1 million for the three months ended June 30, 2024. Amount is net of tax benefit of $1 million for the three months ended June 30, 2023. Amount is net of tax expense of $0.5 million for the six months ended June 30, 2024. Amount is net of tax benefit of $1 million for the six months ended June 30, 2023.
[2] Amounts are net of tax expense of $2 million and $0.4 million for the three months ended June 30, 2024 and 2023, respectively. Amount is net of tax expense of $6 million for the six months ended June 30, 2024. Amount is net of tax benefit of $2 million for the six months ended June 30, 2023.
[3] Amounts are net of tax expense of $0.9 million and $0.4 million for the three months ended June 30, 2024 and 2023, respectively. Amounts are net of tax expense of $1 million and $0.8 million for the six months ended June 30, 2024 and 2023, respectively.