ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2023

Comprehensive income presents a measure of all changes in shareholders' equity except for changes resulting from transactions with shareholders in their capacity as shareholders. The following summary sets forth the change in each component of Accumulated other comprehensive loss, net of tax (AOCI):


(In millions)	Currency Translation Adjustments		Net Actuarial (Loss) Gain and Prior Service Costs		Unrealized Gain (Loss) from Cash Flow Hedges		Accumulated Other Comprehensive (Loss) Gain
January 1, 2023	$	(238)	$	(566)	$	8	$	(796)
Other comprehensive gain (loss), net of tax, before reclassifications	35		—		1		36
Amounts reclassified from AOCI, net of tax	183		10		(3)		190

Net current-period other comprehensive gain (loss), net of tax	218		10		(2)		226
June 30, 2023	$	(20)	$	(556)	$	6	$	(570)


(In millions)	Currency Translation Adjustments		Net Actuarial (Loss) Gain and Prior Service Costs		Unrealized Gain (Loss) from Cash Flow Hedges		Accumulated Other Comprehensive (Loss) Gain
January 1, 2022	$	(153)	$	(529)	$	(7)	$	(689)
Other comprehensive gain (loss), net of tax, before reclassifications	(53)		—		8		(45)
Amounts reclassified from AOCI, net of tax	—		9		3		12

Net current-period other comprehensive gain (loss), net of tax	(53)		9		11		(33)
June 30, 2022	$	(206)	$	(520)	$	4	$	(722)

In the second quarter of 2023, we recognized a non-cash, cumulative currency translation adjustment loss of $183 million as a result of the FMS U.K. business exit, which is included in "Currency translation adjustment loss" in our Condensed Consolidated Statements of Earnings. The cumulative currency translation adjustment loss had no impact on our consolidated financial position or cash flows.