v3.24.2
Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Income (Loss)
The following table displays the changes in Accumulated Other Comprehensive Income (Loss) (“AOCL”) by component, net of tax, for the six months ended June 30, 2024 (in millions):
Cumulative
Translation
Adjustment
Pension and 
Postretirement
Costs
Derivative
Financial
Instruments		AOCL
Balance at December 31, 2023$(668)$(196)$(26)$(890)
Other comprehensive income (loss) before reclassifications(59)9 7 (43)
Amounts reclassified to earnings— (1)7 6 
Net current period other comprehensive income (loss)(59)8 14 (37)
Balance at June 30, 2024$(727)$(188)$(12)$(927)
Schedule of Reclassification from AOCL to Results of Operations
Reclassifications from AOCL to the results of operations for the three and six months ended June 30, 2024 and 2023 were pretax (income) expense of (in millions):
Three Months Ended
June 30, 		Six Months Ended
 June 30,
2024202320242023
Pension and postretirement benefit plans (1)
$— $5 $(1)$5 
Derivative financial instruments (2)
5 1 9 (8)
(1)See Footnote 10 for further information.
(2)See Footnote 9 for further information.
Schedule of Income Tax Provision (Benefit) Allocated to Components of AOCL
The income tax provision (benefit) allocated to the components of AOCL for the periods indicated are as follows (in millions):

Three Months Ended
June 30, 		Six Months Ended
 June 30,
2024202320242023
Foreign currency translation adjustments$4 $(12)$16 $(18)
Pension and postretirement benefit costs(1)1 2 1 
Derivative financial instruments3 (2)5 (5)
Income tax provision (benefit) related to AOCL$6 $(13)$23 $(22)