Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table summarizes the changes in our balances of each component of accumulated other comprehensive loss (“AOCL”):

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2023			2022			2023			2022
Currency translation adjustments:
Balance as of beginning of period	$	(175	)	$	(203	)	$	(189	)	$	(207	)
Currency translation adjustments		10			(10	)		24			(6	)
Other comprehensive income (loss)		10			(10	)		24			(6	)
Balance as of end of period	$	(165	)	$	(213	)	$	(165	)	$	(213	)
Defined benefit plans:
Balance as of beginning of period	$	87		$	5		$	88		$	108
Net actuarial loss arising during year(1)		—			—			—			(126	)
Deferred tax benefit on net actuarial loss		—			—			—			31
Gain reclassified from AOCL:
Amortization of experience gains		—			—			(1	)		—
Defined benefit plan settlement gain		—			—			—			(10	)
Deferred tax expense on reclassification		—			—			—			2
Other comprehensive loss		—			—			(1	)		(103	)
Balance as of end of period	$	87		$	5		$	87		$	5
Interest rate derivatives:
Balance as of beginning of period	$	(7	)	$	—		$	(1	)	$	—
Net derivative gain		21			—			14			—
Deferred tax expense on net derivative gain		(6	)		—			(4	)		—
Gain reclassified from AOCL		(2	)		—			(3	)		—
Deferred tax expense on reclassification		1			—			1			—
Other comprehensive income		14			—			8			—
Balance as of end of period	$	7		$	—		$	7		$	—
AOCL
Balance as of beginning of period	$	(95	)	$	(198	)	$	(102	)	$	(99	)
Other comprehensive income (loss)		24			(10	)		31			(109	)
Balance as of end of period	$	(71	)	$	(208	)	$	(71	)	$	(208	)

(1)Net actuarial loss arising during the six months ended June 30, 2022 relates to the interim measurement of the PPPE due to the pension partial settlement transaction and was primarily due to asset returns, partially offset by an increase in the discount rate utilized in measuring plan obligations, reflecting changes in market rates. Refer to Note 10, Employee Benefits, for additional details.