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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income [1] $ 167 $ 127
Other comprehensive income (loss) before tax:    
Change in cumulative translation adjustments [2] 10 (47)
Net change in unrealized components of defined benefit plans (4) 6
Other comprehensive income (loss), before tax 6 (40)
Tax effect allocated to other comprehensive income (loss) 1 (1)
Other comprehensive income (loss), net of tax 7 (42)
Comprehensive Income 175 85
Less: Comprehensive income (loss) attributable to non-controlling interest 0 0
Comprehensive income attributable to controlling interest $ 174 $ 85
[1] For the three months periods ended March 31, 2025 and 2024, the aggregate transaction gain (loss) included in net income for the period were a loss of $7 million and a loss of $6 million, respectively.
[2] A cumulative translation gain of $11 million related to the sale of the Russian entity in the first quarter of 2025 has been recycled and reported as part of the net change of cumulative translation adjustment in the Comprehensive Income Statement and Equity Statement. In the Statement of Income this gain has been reported as part of Other income (expense), net.