v3.24.2
Accumulated Other Comprehensive (Loss) Income (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Summary of Components of AOCI
Below is a summary of the components of AOCI:
(in millions)Foreign Currency TranslationDerivative InstrumentsDefined Benefit PlansIncome TaxesTotal
Balance as of December 31, 2023$(969)$(34)$3 $133 $(867)
Other comprehensive (loss) income before reclassifications(61)65 — (66)(62)
Reclassification adjustments— (27)— 7 (20)
Balance as of June 30, 2024$(1,030)$4 $3 $74 $(949)
Summary of Adjustments for (Gains) Losses Reclassified from AOCI into Condensed Consolidated Statements of Income and Affected Financial Statement Line Item
Below is a summary of the adjustments for amounts reclassified from AOCI into the condensed consolidated statements of income and the affected financial statement line item:
(in millions)Affected Financial Statement Line ItemThree Months Ended June 30,Six Months Ended June 30,
2024202320242023
Derivative instruments:
Interest rate swapsInterest expense$15 $2 $30 $18 
Foreign exchange forward contractsRevenues— 8 (3)25 
Total before income taxes15 10 27 43 
Income taxes4 3 7 11 
Total net of income taxes$11 $7 $20 $32