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Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Changes in AOCI

The following table presents changes in AOCI for the three months ended March 31, 2025 and 2024:

 

Three Months Ended

 

 

 

March 31,

 

 

 (in millions)

2025

 

 

2024

 

 

 Beginning balance

$

(1,178

)

 

$

(840

)

 

Foreign currency translation adjustments(1)

 

227

 

 

 

(93

)

 

 Ending balance

$

(951

)

 

$

(933

)

 

 

(1)
Amount for the three months ended March 31, 2025 includes a loss from a net investment hedge of $34 million (net of tax benefit of $11 million). Amount for the three months ended March 31, 2024 includes a gain from a net investment hedge of $13 million (net of tax expense of $4 million).