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Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2024
Comprehensive Income (Loss) [Abstract]  
Summary of the Activity in AOCI, Net of the Related Tax Effects

A summary of the changes in AOCI is as follows:

 

(In millions)

 

 

 

Balance as of December 31, 2022

 

$

 

8

 

Other comprehensive income (loss) before reclassifications:

 

 

 

 

Pre-tax amount

 

 

 

4

 

Tax provision (benefit)

 

 

 

1

 

After-tax amount

 

 

 

3

 

Amounts reclassified from AOCI1)

 

 

 

(5

)

Net current period other comprehensive income (loss)

 

 

 

(3

)

Balance as of December 31, 2023

 

$

 

6

 

Other comprehensive income (loss) before reclassifications:

 

 

 

 

Pre-tax amount

 

 

 

 

Tax provision (benefit)

 

 

 

 

After-tax amount

 

 

 

 

Amounts reclassified from AOCI(1)

 

 

 

(6

)

Net current period other comprehensive income (loss)

 

 

 

(6

)

Balance as of December 31, 2024

 

$

 

 

 

(1)
Amounts are net of income taxes. See the table below on reclassifications out of AOCI for additional information.
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

A summary of reclassifications out of AOCI is as follows:

 

 

 

Year Ended
December 31,

 

(In millions)

 

2024

 

 

2023

 

 

2022

 

Gain (loss) on interest rate swap contracts(1)

 

$

 

8

 

 

$

 

7

 

 

$

 

(5

)

Impact of income taxes(2)

 

 

 

(2

)

 

 

 

(2

)

 

 

 

1

 

Total reclassifications during the period

 

$

 

6

 

 

$

 

5

 

 

$

 

(4

)

 

(1)
Included in interest expense in the accompanying consolidated statements of operations and comprehensive income.
(2)
Included in provision for income taxes in the accompanying consolidated statements of operations and comprehensive income.