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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of comprehensive income [abstract]      
Net income $ 1,018 $ 974 $ 335
Other comprehensive income to be eventually recycled into the Consolidated Income Statement:      
Currency translation effects, net of taxes [1] (116) 25 (36)
Total of items to eventually recycle (116) 25 (36)
Other comprehensive income never to be recycled into the Consolidated Income Statement:      
Actuarial gains/(losses) from defined benefit plans, net of taxes [2] 14 (30) 141
Fair value adjustments on equity investments, net of taxes [3] 36 (5) (1)
Total of items never to be recycled 50 (35) 140
Total comprehensive income $ 952 $ 964 $ 439
[1] Amounts are net of tax benefit of $1 million in 2024 and 2023. Amount is net of tax expense of $0.4 million in 2022.
[2] Amount is net of tax expense of $5 million in 2024. Amount is net of tax benefit of $8 million in 2023. Amount is net of tax expense of $40 million in 2022.
[3] Amounts are net of tax expense of $16 million and $3 million in 2024 and 2023, respectively. Amount is net of tax benefit of $1 million in 2022.