Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss

The components of Accumulated Other Comprehensive Loss are as follows (in millions):

	Three Months Ended June 30, 2023
	Foreign Currency Translation		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized Gain on Pension Plans		Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries		Accumulated Other Comprehensive Income (Loss)
Balance as of April 1, 2023	$	(276)	$	(17)	$	11	$	2	$	(280)
Pretax income	34		14		—		—		48
Income tax effect	—		(3)		—		—		(3)
Reclassification of unrealized gain	—		(1)		—		—		(1)
Other comprehensive income from unconsolidated subsidiaries	—		—		—		1		1
Balance as of June 30, 2023	$	(242)	$	(7)	$	11	$	3	$	(235)

	Three Months Ended June 30, 2022
	Foreign Currency Translation		Unrealized Loss on Pension Plans		Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries		Accumulated Other Comprehensive Income (Loss)
Balance as of April 1, 2022	$	(175)	$	(24)	$	(7)	$	(206)
Pretax loss	(154)		—		—		(154)
Disposal of business	4		—		—		4
Other comprehensive income from unconsolidated subsidiaries	—		—		1		1
Balance as of June 30, 2022	$	(325)	$	(24)	$	(6)	$	(355)

	Six Months Ended June 30, 2023
	Foreign Currency Translation		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized Gain on Pension Plans		Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries		Accumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2023	$	(333)	$	—	$	11	$	(1)	$	(323)
Pretax income (loss)	91		(8)		—		—		83
Income tax effect	—		2		—		—		2
Reclassification of unrealized gain	—		(1)		—		—		(1)
Other comprehensive income from unconsolidated subsidiaries	—		—		—		4		4
Balance as of June 30, 2023	$	(242)	$	(7)	$	11	$	3	$	(235)

	Six Months Ended June 30, 2022
	Foreign Currency Translation		Unrealized Loss on Pension Plans		Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries		Accumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2022	$	(121)	$	(24)	$	(8)	$	(153)
Pretax loss	(208)		—		—		(208)
Disposal of business	4		—		—		4
Other comprehensive income from unconsolidated subsidiaries	—		—		2		2
Balance as of June 30, 2022	$	(325)	$	(24)	$	(6)	$	(355)

Our policy is to reclassify the income tax effect from Accumulated other comprehensive income (loss) to the Provision for income taxes when the related gains and losses are released to the Unaudited Condensed Consolidated Statements of Income.