Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2022

Accumulated Other Comprehensive Income (Loss)

8. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the changes in accumulated other comprehensive loss, net of applicable taxes, by component:



Three Months Ended June 30, 2022	Derivative Gain (Loss)		Foreign Currency Translation Gain (Loss)		Total
Balance at March 31, 2022	$	—	$	(81)	$	(81)
Other comprehensive loss before reclassifications	—		(29)		(29)
Reclassified from Accumulated other comprehensive loss to earnings	—		—		—
Period Change	—		(29)		(29)
Balance at June 30, 2022	$	—	$	(110)	$	(110)

Three Months Ended June 30, 2021
Balance at March 31, 2021	$	(1)	$	(74)	$	(75)
Other comprehensive gain before reclassifications	—		7		7
Reclassified from Accumulated other comprehensive loss to earnings	2		—		2
Period Change	2		7		9
Balance at June 30, 2021	$	1	$	(67)	$	(66)


Six Months Ended June 30, 2022	Derivative Gain (Loss)		Foreign Currency Translation Gain (Loss)		Total
Balance at December 31, 2021	$	—	$	(79)	$	(79)
Other comprehensive loss before reclassifications	—		(31)		(31)
Reclassified from Accumulated other comprehensive loss to earnings	—		—		—
Period Change	—		(31)		(31)
Balance at June 30, 2022	$	—	$	(110)	$	(110)

Six Months Ended June 30, 2021
Balance at December 31, 2020	$	(3)	$	(63)	$	(66)
Other comprehensive loss before reclassifications	—		(4)		(4)
Reclassified from Accumulated other comprehensive loss to earnings	4		—		4
Period Change	4		(4)		—
Balance at June 30, 2021	$	1	$	(67)	$	(66)

Comprehensive income (loss) includes certain gains and losses that are excluded from net income (loss) under GAAP as these amounts are recorded directly as an adjustment to total equity. We recognize foreign currency translation losses as a component of comprehensive income (loss) due to changes in foreign exchange rates from the beginning of the period to the end of the period. Fluctuations in the value of foreign currencies as compared to USD may have a significant impact on comprehensive income (loss). The tax effect on the components comprehensive income (loss) was not material for the periods presented.