Accumulated other comprehensive loss (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in the balances for each component of Accumulated other comprehensive loss, net of tax, were as follows:

in $ millions	Currency Translation	Cash Flow Hedges	Pension and Other Postretirement Plans	Total
Balance at December 31, 2023	(439)	(47)	(130)	(616)
Other comprehensive loss before reclassifications	(114)	(63)	-	(177)
Amounts reclassified from Accumulated other comprehensive loss	(34)	26	(3)	(11)
Net current-period other comprehensive (loss)	(148)	(37)	(3)	(188)
Other comprehensive loss attributable to noncontrolling interests	7	-	-	7
Balance at March 31, 2024	(580)	(84)	(133)	(797)
Balance at December 31, 2022	(746)	(19)	(22)	(787)
Other comprehensive income before reclassifications	98	21	-	119
Amounts reclassified from Accumulated other comprehensive loss	-	10	(3)	7
Net current-period other comprehensive income (loss)	98	31	(3)	126
Other comprehensive (income) attributable to noncontrolling interests	(12)	-	-	(12)
Balance at March 31, 2023	(660)	12	(25)	(673)

Reclassification out of Accumulated Other Comprehensive Income

The amounts reclassified from Accumulated other comprehensive loss to income were as follows:

	Three months ended
	March 31
in $ millions	2024	2023
Cash flow hedges
Cost of product revenues	30	14
Income tax benefit	(4)	(4)
Total	26	10
Pension and other postretirement plans
Other nonoperating income, net	(4)	(3)
Income tax expense	1	-
Total	(3)	(3)
Reclassifications from Accumulated other comprehensive loss to income	23	7