Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss) [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

15. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in Accumulated Other Comprehensive Income (“AOCI”) by Component

In millions	Currency Translation Adjustments		Changes in Employee Benefit Plans		Changes in Fair Value of Effective Cash Flow Hedges		Total
Balance as of December 31, 2023	$	(424)	$	(5)	$	—	$	(429)
Other comprehensive income (loss) before reclassifications	(39)		—		—		(39)
Amounts reclassified from AOCI	—		—		—		—
Net current period other comprehensive (loss) income	(39)		—		—		(39)
Balance as of June 30, 2024	$	(463)	$	(5)	$	—	$	(468)

Reclassifications Out of AOCI

		For the three months ended June 30, 2023
		Employee Benefit Plans
In millions		Amortization of Actuarial Loss (Gain)		Amortization of Prior Service Benefit		Effective Cash Flow Hedge Loss (Gain)		Total
Affected line in Condensed Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	(1)		(1)		(19)		(21)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(5)		(5)
	Total before tax	$	(1)	$	(1)	$	(24)	$	(26)
	Tax expense							5
	Total reclassifications, net of tax							$	(21)

		For the six months ended June 30, 2023
		Employee Benefit Plans
In millions		Amortization of Actuarial Loss (Gain)		Amortization of Prior Service Benefit		Effective Cash Flow Hedge Loss (Gain)		Total
Affected line in Condensed Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	(2)		(1)		(34)		(37)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	$	—	$	—	$	(9)	(9)
	Total before tax	$	(2)	$	(1)	$	(43)	$	(46)
	Tax expense							10
	Total reclassifications, net of tax							$	(36)