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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income [1] $ 139 $ 53 $ 266 $ 127
Other comprehensive income (loss) before tax:        
Change in cumulative translation adjustments (59) (46) (105) (10)
Net change in unrealized components of defined benefit plans 3 5 9 5
Other comprehensive (loss), before tax (56) (40) (96) (5)
Tax effect allocated to other comprehensive income (loss) (1) (1) (2) (1)
Other comprehensive (loss), net of tax (56) (41) (98) (6)
Comprehensive income 83 12 168 122
Less: Comprehensive income (loss) attributable to non-controlling interest 0 0 0 0
Comprehensive income attributable to controlling interest $ 82 $ 12 $ 167 $ 121
[1] For the three months periods ended June 30, 2024 and 2023, the aggregate transaction gain (loss) included in net income for the period were a gain of $4 million and a loss of $10 million, respectively. For the six months periods ended June 30, 2024 and 2023, the aggregate transaction gain (loss) included in net income for the period were a loss of $2 million and a loss of $15 million, respectively.