Accumulated other comprehensive loss (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Accumulated Other Comprehensive Income (Loss)

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


in $ millions	Currency Translation	Cash Flow Hedges	Pension and Other Postretirement Plans	Total
Balance at June 30, 2024	(617)	(65)	(131)	(813)
Other comprehensive income (loss) before reclassifications	363	(9)	–	354
Amounts reclassified from Accumulated other comprehensive loss	–	1	(7)	(6)
Net current-period other comprehensive income (loss)	363	(8)	(7)	348
Other comprehensive (income) attributable to noncontrolling interests	(34)	–	–	(34)
Balance at September 30, 2024	(288)	(73)	(138)	(499)

Balance at December 31, 2023	(439)	(47)	(130)	(616)
Other comprehensive income (loss) before reclassifications	205	(46)	–	159
Amounts reclassified from Accumulated other comprehensive loss	(39)	20	(8)	(27)
Net current-period other comprehensive income (loss)	166	(26)	(8)	132
Other comprehensive (income) attributable to noncontrolling interests	(15)	–	–	(15)
Balance at September 30, 2024	(288)	(73)	(138)	(499)

Balance at June 30, 2023	(605)	5	(25)	(625)
Other comprehensive (loss) before reclassifications	(130)	(23)	–	(153)
Amounts reclassified from Accumulated other comprehensive loss	–	3	(1)	2
Net current-period other comprehensive (loss)	(130)	(20)	(1)	(151)
Other comprehensive loss attributable to noncontrolling interests	13	–	–	13
Balance at September 30, 2023	(722)	(15)	(26)	(763)

Balance at December 31, 2022	(746)	(19)	(22)	(787)
Other comprehensive income (loss) before reclassifications	17	(12)	-	5
Amounts reclassified from Accumulated other comprehensive loss	–	16	(4)	12
Net current-period other comprehensive income (loss)	17	4	(4)	17
Other comprehensive loss attributable to noncontrolling interests	7	–	–	7
Balance at September 30, 2023	(722)	(15)	(26)	(763)

Reclassification out of Accumulated Other Comprehensive Income

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


	Three months ended		Nine months ended
	September 30		September 30
in $ millions	2024	2023	2024	2023
Cash flow hedges
Cost of product revenues	1	4	23	21
Income tax benefit	–	(1)	(3)	(5)
Total	1	3	20	16
Pension and other postretirement plans
Other nonoperating income, net	(6)	(1)	(8)	(4)
Income tax benefit	(1)	–	–	–
Total	(7)	(1)	(8)	(4)
Reclassifications from Accumulated other comprehensive loss to income	(6)	2	12	12