Accumulated other comprehensive loss (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in the balances for each component of Accumulated other comprehensive loss, net of tax, for the years ended December 31 were:


in $ millions	Currency Translation	Cash Flow Hedges	Pension and Other Postretirement Plans	Total
Balance at December 31, 2021	(127)	18	(316)	(425)
Other comprehensive (loss) income before reclassifications	(664)	23	288	(353)
Amounts reclassified from Accumulated other comprehensive loss (i)	(1)	(60)	6	(55)
Net current-period other comprehensive (loss) income	(665)	(37)	294	(408)
Other comprehensive loss attributable to noncontrolling interests	46	–	–	46
Balance at December 31, 2022	(746)	(19)	(22)	(787)

Other comprehensive income (loss) before reclassifications	310	(37)	(104)	169
Amounts reclassified from Accumulated other comprehensive loss (i)	–	9	(4)	5
Net current-period other comprehensive income (loss)	310	(28)	(108)	174
Other comprehensive (income) attributable to noncontrolling interests	(3)	–	–	(3)
Balance at December 31, 2023	(439)	(47)	(130)	(616)

Other comprehensive (loss) income before reclassifications	(431)	(27)	39	(419)
Amounts reclassified from Accumulated other comprehensive loss (i)	(39)	11	5	(23)
Net current-period other comprehensive (loss) income	(470)	(16)	44	(442)
Other comprehensive loss attributable to noncontrolling interests	53	–	–	53
Balance at December 31, 2024	(856)	(63)	(86)	(1,005)

(i) For the years ended December 31, 2024, 2023, and 2022, $(39) million, $nil million, and $4 million respectively were transferred from currency translation related to (losses) gains on divestitures that were reclassified from Accumulated other comprehensive loss to Other nonoperating income (expense), net. For the year ended December 31, 2022, $(5) million was transferred from currency translation related to losses on divestitures that were reclassified from Accumulated other comprehensive loss to Income from discontinued operations, net of income tax expense.

Reclassification out of Accumulated Other Comprehensive Income

The amounts reclassified from Accumulated other comprehensive loss to income for the years ended December 31 were:


in $ millions	2024	2023	2022
Cash flow hedges
Cost of product revenues	14	12	(73)
Income tax (benefit) expense	(3)	(3)	13
Total	11	9	(60)
Pension and other postretirement plans
Other nonoperating expense (income), net	9	(7)	8
Income tax (benefit) expense	(4)	3	(2)
Total	5	(4)	6
Reclassifications from Accumulated other comprehensive loss to income	16	5	(54)