Reclassifications from Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2023

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

Reclassifications from Accumulated Other Comprehensive Income (Loss)

RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

In 2023, changes in AOCI primarily related to settlements in the Company's pension and other postretirement benefits. The following tables detail the components of accumulated other comprehensive income (loss) and the related tax effects, for the year ended December 31, 2023:

	For the year ended December 31, 2023
(in millions)	Pension and Other Postretirement		Foreign Currency		Total
Beginning balance, December 31, 2022	$	20	$	(14)	$	6
Other comprehensive income before reclassifications	7		—		7
Amounts reclassified from other comprehensive income (1)	(16)		—		(16)
Net current-period other comprehensive loss	(9)		—		(9)
Ending balance, December 31, 2023	$	11	$	(14)	$	(3)

(1)See separate table below for details about these reclassifications.

Details about Accumulated Other Comprehensive Income	Affected Line Item in the Consolidated Statement of Operations	Amount Reclassified from/to Accumulated Other Comprehensive Income
		For the year ended December 31, 2023
Pension and other postretirement: (1)		(in millions)
Settlements	Other income, net	$	(2)
Tax valuation allowance release impact on pension settlements	Provision for income taxes	(14)
Total reclassifications for the period	Net income	$	(16)

(1)See Note 13 for additional details regarding the Company’s pension and other postretirement benefit plans.