A summary of changes in accumulated other comprehensive loss, net of tax, by component, for the years ended December 31, 2024, 2023 and 2022 follows:


	Cash Flow Hedges		Defined Benefit Pension Plan		Foreign Currency Translation		Total
Balance as of December 31, 2021	$	(26)	$	11	$	—	$	(15)
Other comprehensive loss before reclassifications	9		(2)		(5)		2
Amounts reclassified from accumulated other comprehensive loss	1		—		—		1
Net current-period other comprehensive income (loss)	10		(2)		(5)		3
Balance as of December 31, 2022	(16)		9		(5)		(12)
Other comprehensive income (loss) before reclassifications	14		—		(5)		9
Amounts reclassified from accumulated other comprehensive loss	(9)		—		—		(9)
Net current-period other comprehensive income (loss)	5		—		(5)		—
Balance as of December 31, 2023	(11)		9		(10)		(12)
Other comprehensive income (loss) before reclassifications	6		(3)		(3)		—
Amounts reclassified from accumulated other comprehensive loss	(8)		(6)		—		(14)
Net current-period other comprehensive income (loss)	(2)		(9)		(3)		(14)
Balance as of December 31, 2024	$	(13)	$	—	$	(13)	$	(26)

A summary of reclassifications out of accumulated other comprehensive loss for the years ended December 31, 2024, 2023 and 2022 follows:


	Amount Reclassified from Accumulated Other Comprehensive Loss
Details about Accumulated Other Comprehensive Loss Components	2024		2023		2022		Affected Line Item in the Statement Where Net Income is Presented
Gain (loss) on cash flow hedges:
Terminated interest rate locks	$	(3)	$	(5)	$	(6)	Interest expense
2022 Interest Rate Swap	14		17		5		Interest expense
Total before tax	11		12		(1)
Tax (provision) benefit	(3)		(3)		—
Net of tax	8		9		(1)

Pension gains:
Pension settlement	8		1		1		Other income
Tax provision	(2)		—		—
Net of tax	6		1		1
Total income (loss) reclassified into earnings, net of tax	$	14	$	10	$	—

In 2024, we terminated our qualified defined benefit pension plan, the BFI Retirement Plan (the Plan). The Plan covered certain employees in the United States, including some employees subject to collective bargaining agreements. Plan participants were provided the opportunity to receive their full accrued benefits from plan assets by either electing immediate lump sum distributions or annuity contracts with a qualifying third-party annuity provider. The purchase of the annuity contracts was funded directly by assets of the defined benefit pension plan. As a result, the plan was settled resulting in the recognition of a non-cash gain of $8 million related to the accelerated recognition of the proportional share of unamortized net actuarial gains previously recorded in accumulated other comprehensive loss. This gain was recorded to other income, net in our consolidated statements of income. All remaining obligations were settled as of December 31, 2024.