Accumulated Other Comprehensive (Loss) Income (AOCI) (Tables)

6 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Three Months 2024	Marketable Securities		Pension Plans		Hedges		Financial Statement Translation		Total
Beginning			$	(26)	$	41	$	(392)	$	(377)
OCI	—		(2)		8		49		55
Income taxes	—		1		(3)		(17)		(19)
Reclassifications to:
Cost of sales	—		—		(10)		—		(10)
Other (income) expense, net	—		—		(1)		(8)		(9)
Income taxes	—		—		3		2		5
Net OCI	$	—	$	(1)	$	(3)	$	26	$	22
Ending	$	—	$	(27)	$	38	$	(366)	$	(355)

Three Months 2023	Marketable Securities		Pension Plans		Hedges		Financial Statement Translation		Total
Beginning	$	(1)	$	29	$	43	$	(376)	$	(305)
OCI	(1)		1		24		(24)		—
Income taxes	—		(2)		(5)		(4)		(11)
Reclassifications to:
Cost of sales	—		—		(9)		—		(9)
Other (income) expense, net	1		(1)		(1)		(9)		(10)
Income taxes	—		1		2		2		5
Net OCI	$	—	$	(1)	$	11	$	(35)	$	(25)
Ending	$	(1)	$	28	$	54	$	(411)	$	(330)

Six Months 2024	Marketable Securities		Pension Plans		Hedges		Financial Statement Translation		Total
Beginning	$	—	$	(28)	$	39	$	(427)	$	(416)
OCI	—		—		24		130		154
Income taxes	—		1		(7)		(57)		(63)
Reclassifications to:
Cost of sales	—		—		(20)		—		(20)
Other (income) expense, net	—		—		(3)		(16)		(19)
Income taxes	—		—		5		4		9
Net OCI	$	—	$	1	$	(1)	$	61	$	61
Ending	$	—	$	(27)	$	38	$	(366)	$	(355)

Six Months 2023	Marketable Securities		Pension Plans		Hedges		Financial Statement Translation		Total
Beginning	$	(1)	$	31	$	52	$	(303)	$	(221)
OCI	(1)		3		27		(123)		(94)
Income taxes	—		(5)		(6)		28		17
Reclassifications to:
Cost of sales	—		—		(22)		—		(22)
Other (income) expense, net	1		(2)		(2)		(17)		(20)
Income taxes	—		1		5		4		10
Net OCI	$	—	$	(3)	$	2	$	(108)	$	(109)
Ending	$	(1)	$	28	$	54	$	(411)	$	(330)

Reclassification out of Accumulated Other Comprehensive Income

Three Months 2024	Marketable Securities		Pension Plans		Hedges		Financial Statement Translation		Total
Beginning			$	(26)	$	41	$	(392)	$	(377)
OCI	—		(2)		8		49		55
Income taxes	—		1		(3)		(17)		(19)
Reclassifications to:
Cost of sales	—		—		(10)		—		(10)
Other (income) expense, net	—		—		(1)		(8)		(9)
Income taxes	—		—		3		2		5
Net OCI	$	—	$	(1)	$	(3)	$	26	$	22
Ending	$	—	$	(27)	$	38	$	(366)	$	(355)

Three Months 2023	Marketable Securities		Pension Plans		Hedges		Financial Statement Translation		Total
Beginning	$	(1)	$	29	$	43	$	(376)	$	(305)
OCI	(1)		1		24		(24)		—
Income taxes	—		(2)		(5)		(4)		(11)
Reclassifications to:
Cost of sales	—		—		(9)		—		(9)
Other (income) expense, net	1		(1)		(1)		(9)		(10)
Income taxes	—		1		2		2		5
Net OCI	$	—	$	(1)	$	11	$	(35)	$	(25)
Ending	$	(1)	$	28	$	54	$	(411)	$	(330)

Six Months 2024	Marketable Securities		Pension Plans		Hedges		Financial Statement Translation		Total
Beginning	$	—	$	(28)	$	39	$	(427)	$	(416)
OCI	—		—		24		130		154
Income taxes	—		1		(7)		(57)		(63)
Reclassifications to:
Cost of sales	—		—		(20)		—		(20)
Other (income) expense, net	—		—		(3)		(16)		(19)
Income taxes	—		—		5		4		9
Net OCI	$	—	$	1	$	(1)	$	61	$	61
Ending	$	—	$	(27)	$	38	$	(366)	$	(355)

Six Months 2023	Marketable Securities		Pension Plans		Hedges		Financial Statement Translation		Total
Beginning	$	(1)	$	31	$	52	$	(303)	$	(221)
OCI	(1)		3		27		(123)		(94)
Income taxes	—		(5)		(6)		28		17
Reclassifications to:
Cost of sales	—		—		(22)		—		(22)
Other (income) expense, net	1		(2)		(2)		(17)		(20)
Income taxes	—		1		5		4		10
Net OCI	$	—	$	(3)	$	2	$	(108)	$	(109)
Ending	$	(1)	$	28	$	54	$	(411)	$	(330)