ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2024

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 components of Accumulated other comprehensive loss, net of taxes:


(In millions)	Currency Translation Adjustments		Net Actuarial (Loss) Gain and Prior Service Costs		Unrealized (Loss) Gain from Cash Flow Hedges		Accumulated Other Comprehensive (Loss) Gain
December 31, 2022	$	(238)	$	(566)	$	8	$	(796)
Other comprehensive (loss) income, net of taxes, before reclassifications	37		(91)		(1)		(55)
Amounts reclassified from AOCI, net of taxes	183		20		(7)		196

Net current-period Other comprehensive (loss) income, net of taxes	220		(71)		(8)		141
December 31, 2023	(18)		(637)		—		(655)
Other comprehensive (loss) income, net of taxes, before reclassifications	(76)		17		5		(54)
Amounts reclassified from AOCI, net of taxes	(2)		23		(4)		17

Net current-period Other comprehensive (loss) income, net of taxes	(78)		40		1		(37)
December 31, 2024	$	(96)	$	(597)	$	1	$	(692)

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