OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

The following table presents the changes in Accumulated Other Comprehensive Income (Loss) (“AOCI”), net of taxes, reported in the condensed consolidated and combined financial statements:

	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2022		2021		2022		2021
Defined Benefit Pension and Postretirement Adjustments
Balance at beginning of period	$	(81)	$	(48)	$	(80)	$	(48)
Amounts reclassified from accumulated other comprehensive income	—		—		(1)		—
Balance at end of period	(81)		(48)		(81)		(48)
Change in Cumulative Foreign Currency Translation Adjustments
Balance at beginning of period	(1,620)		(1,588)		(1,719)		(1,433)
Other comprehensive income (loss) before reclassifications	(21)		140		78		(15)
Balance at end of period	(1,641)		(1,448)		(1,641)		(1,448)
Net Gains and Losses on Cash Flow Hedging Derivatives
Balance at beginning of period	21		(1)		(2)		1
Other comprehensive income (loss) before reclassifications	4		6		33		4
Amounts reclassified from accumulated other comprehensive income	(4)		(2)		(10)		(2)
Balance at end of period	21		3		21		3
Total Accumulated Other Comprehensive Income (Loss) at End of Period	$	(1,701)	$	(1,493)	$	(1,701)	$	(1,493)