Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Accumulated Other Comprehensive Loss

18. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following is a continuity schedule of accumulated other comprehensive loss [“AOCL”]:

	2022			2021
Accumulated net unrealized loss on translation of net investment in foreign operations
Balance, beginning of year	$	(735	)	$	(551	)
Net unrealized loss		(495	)		(187	)
Recognition of CTA loss in Russia		203			—
Repurchase of shares under normal course issuer bids [note 17]		9			3
Balance, end of year		(1,018	)		(735	)
Accumulated net unrealized gain on cash flow hedges [b]
Balance, beginning of year		24			42
Net unrealized gains		1			34
Reclassification of net gain to net income [a]		(20	)		(52	)
Balance, end of year		5			24
Accumulated net unrealized loss on other long-term liabilities [b]
Balance, beginning of year		(189	)		(224	)
Net unrealized gains		82			26
Reclassification of net loss to net income [a]		6			9
Balance, end of year		(101	)		(189	)
Total accumulated other comprehensive loss [c]	$	(1,114	)	$	(900	)

[a] The effects on net income of amounts reclassified from AOCL, with presentation location, were as follows:

	2022			2021
Cash flow hedges
Sales	$	(15	)	$	49
Cost of sales		41			21
Income tax		(6	)		(18	)
Net of tax		20			52
Other long-term liabilities
Cost of sales		(8	)		(11	)
Income tax		2			2
Net of tax		(6	)		(9	)
Total gain reclassified to net income	$	14		$	43

[b] The amount of income tax benefit that has been allocated to each component of other comprehensive loss is as follows:

	2022			2021
Accumulated net unrealized loss on translation of net investment in foreign operations	$	4		$	4
Accumulated net unrealized gain on cash flow hedges
Balance, beginning of year		(8	)		(15	)
Net unrealized gain (loss)		2			(11	)
Reclassification of net loss to net income		6			18
Balance, end of year		—			(8	)
Accumulated net unrealized loss on other long-term liabilities
Balance, beginning of year		25			35
Net unrealized loss		(17	)		(8	)
Reclassification of net gain to net income		(2	)		(2	)
Balance, end of year		6			25
Total income tax benefit	$	10		$	21

[c] The amount of other comprehensive gain that is expected to be reclassified to net income during 2023 is $21 million.