v3.24.3
Accumulated Other Comprehensive (Loss) Income (Tables)
 9 Months Ended
Sep. 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 $(867)
Other comprehensive income (loss) before reclassifications75 10 (1)(15)69 
Reclassification adjustments— (38)— 10 (28)
Balance as of September 30, 2024$(894)$(62)$2 $128 $(826)
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 September 30,Nine Months Ended September 30,
2024202320242023
Derivative instruments:
Interest rate swapsInterest expense$8 $17 $38 $35 
Foreign exchange forward contractsRevenues3 (5)— 20 
Total before income taxes11 12 38 55 
Income taxes3 3 10 14 
Total net of income taxes$8 $9 $28 $41