The following table presents the changes in accumulated other comprehensive (loss) by component for the years ended December 31, 2024, 2023 and 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | Fair value hedges | | Gains and loss
on Cash Flow
Hedges | | Unrealized Gains and
Losses on Available-for-
Sale Debt securities | | Foreign Currency
Translation, net of Net
Investment Hedges | | Total | | Balance as of December 31, 2021 | $ | — | | | $ | 14 | | | $ | (2) | | | $ | (868) | | | $ | (856) | | | Other comprehensive income (loss) before reclassifications | — | | | 80 | | | (4) | | | (930) | | | (854) | | | Amounts reclassified from accumulated other comprehensive loss | — | | | (72) | | | — | | | — | | | (72) | | | Net current period other comprehensive income (loss) | — | | | 8 | | | (4) | | | (930) | | | (926) | | | Balance as of December 31, 2022 | $ | — | | | $ | 22 | | | $ | (6) | | | $ | (1,798) | | | $ | (1,782) | | | Other comprehensive income (loss) before reclassifications | — | | | (121) | | | 5 | | | 322 | | | 206 | | | Amounts reclassified from accumulated other comprehensive loss | — | | | 93 | | | — | | | — | | | 93 | | | Net current period other comprehensive income (loss) | — | | | (28) | | | 5 | | | 322 | | | 299 | | | Balance as of December 31, 2023 | $ | — | | | $ | (6) | | | $ | (1) | | | $ | (1,476) | | | $ | (1,483) | | | Other comprehensive income (loss) before reclassifications | (1) | | | (12) | | | — | | | (463) | | | (476) | | | Amounts reclassified from accumulated other comprehensive loss | — | | | 32 | | | — | | | — | | | 32 | | | Net current period other comprehensive income (loss) | (1) | | | 20 | | | — | | | (463) | | | (444) | | | Balance as of December 31, 2024 | $ | (1) | | | $ | 14 | | | $ | (1) | | | $ | (1,939) | | | $ | (1,927) | |
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