Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income (loss) were as follows:


	Currency Translation Adjustments		Net Unrealized Gains (Losses) on Cash Flow Hedges (a)		Minimum Pension Liability Adjustment (b)		Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2022	$	16	$	(19)	$	(130)	$	(133)
Other comprehensive income (loss) before reclassifications	(46)		57		11		22

Gross (gains) losses reclassified			9		5		14
Tax on (gains) losses reclassified			(2)		(2)		(4)
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax	—		7		3		10
Net current-period other comprehensive income (loss)	(46)		64		14		32
Balance, December 31, 2022	(30)		45		(116)		(101)
Other comprehensive income (loss) before reclassifications	27		5		(18)		14

Gross (gains) losses reclassified			(18)		5		(13)
Tax on (gains) losses reclassified			5		(1)		4
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax	—		(13)		4		(9)
Net current-period other comprehensive income (loss)	27		(8)		(14)		5
Balance, December 31, 2023	(3)		37		(130)		(96)
Other comprehensive income (loss) before reclassifications	(122)		15		10		(97)

Gross (gains) losses reclassified			(28)		5		(23)
Tax on (gains) losses reclassified			7		(1)		6
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax	—		(21)		4		(17)
Net current-period other comprehensive income (loss)	(122)		(6)		14		(114)
Balance, December 31, 2024	$	(125)	$	31	$	(116)	$	(210)

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All components of accumulated other comprehensive income (loss) are net of tax, except currency translation adjustments, which exclude income taxes related to indefinite investments in foreign subsidiaries (see Note 9 – Income Taxes) and include a $148 million gain, net of tax, related to our hedge of our investment in euro-denominated foreign operations (See Note 20 – Financial Instruments).

(a)Amounts reclassified to interest expense.

(b)Amounts reclassified to selling, general and administrative expenses.