Changes in Other Comprehensive Income

3 Months Ended

Mar. 31, 2023

Other Comprehensive Income (Loss), Net of Tax, Period Change [Abstract]

Comprehensive Income (Loss) Note [Text Block]

NOTE M – CHANGES IN OTHER COMPREHENSIVE INCOME

The following tables provide the reclassifications out of Other comprehensive income (loss), net of tax:

(in millions)	Foreign Currency Translation Adjustments		Net Change in Derivative Financial Instruments		Net Change in Defined Benefit Pensions and Other Items		Total
Balance as of December 31, 2022	$	(1)	$	269	$	1	$	269
Other comprehensive income (loss) before reclassifications	(40)		10		(5)		(35)
(Income) loss amounts reclassified from accumulated other comprehensive income	(2)		(53)		(0)		(56)
Total other comprehensive income (loss)	(42)		(43)		(5)		(91)
Balance as of March 31, 2023	$	(43)	$	225	$	(4)	$	178

(in millions)	Foreign Currency Translation Adjustments		Net Change in Derivative Financial Instruments		Net Change in Defined Benefit Pensions and Other Items		Total
Balance as of December 31, 2021	$	93	$	206	$	(36)	$	263
Other comprehensive income (loss) before reclassifications	(63)		35		0		(27)
(Income) loss amounts reclassified from accumulated other comprehensive income	(2)		(12)		0		(14)
Total other comprehensive income (loss)	(64)		23		0		(41)
Balance as of March 31, 2022	$	29	$	229	$	(36)	$	222

Refer to Note D – Hedging Activities and Fair Value Measurements for further detail on our net investment hedges recorded in Foreign currency translation adjustments and our cash flow hedges recorded in Net change in derivative financial instruments.