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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The components of Accumulated Other Comprehensive Income (Loss) are as follows (in millions):

Three Months Ended March 31, 2024
 Foreign Currency TranslationUnrealized Gain (Loss) on Cash Flow HedgesUnrealized Gain on Pension PlansOther Comprehensive Income (Loss) from Unconsolidated SubsidiariesAccumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2024
$(243)$(11)$6 $8 $(240)
Pretax (loss) income(57)6 — — (51)
Income tax effect— (1)— — (1)
Reclassification of unrealized gain— (1)— — (1)
Other comprehensive loss from unconsolidated subsidiaries— — — (5)(5)
Balance as of March 31, 2024
$(300)$(7)$6 $3 $(298)

Three Months Ended March 31, 2023
 Foreign Currency TranslationUnrealized Gain (Loss) on Cash Flow HedgesUnrealized Gain on Pension PlansOther Comprehensive Income (Loss) from Unconsolidated SubsidiariesAccumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2023$(333)$— $11 $(1)$(323)
Pretax income (loss)57 (22)— — 35 
Income tax effect— 5 — — 5 
Other comprehensive income from unconsolidated subsidiaries— — — 3 3 
Balance as of March 31, 2023$(276)$(17)$11 $2 $(280)

Our policy is to reclassify the income tax effect from Accumulated other comprehensive income (loss) to the Provision for income taxes when the related gains and losses are released to the Unaudited Condensed Consolidated Statements of Income.