ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Schedule of accumulated other comprehensive loss

The following tables summarize the activity within accumulated other comprehensive loss during the three and six months ended June 30, 2022 and 2021:

(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, March 31, 2022	$	(441)	$	—	$	(123)	$	(564)
Comprehensive (loss) income before reclassifications	(216)		5		3		(208)
Income taxes associated with comprehensive (loss) income before reclassifications	(46)		—		1		(45)
Reclassification from accumulated other comprehensive loss	—		—		2		2
Income taxes reclassified into net earnings	—		—		(1)		(1)
Ending balance, June 30, 2022	$	(703)	$	5	$	(118)	$	(816)

(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, March 31, 2021	$	(408)	$	(6)	$	(322)	$	(736)
Comprehensive (loss) income before reclassifications	60		3		(1)		62
Income taxes associated with comprehensive (loss) income before reclassifications	(3)		—		—		(3)
Reclassification from accumulated other comprehensive loss	—		1		4		5
Income taxes reclassified into net earnings	—		—		(1)		(1)
Ending balance, June 31, 2021	$	(351)	$	(2)	$	(320)	$	(673)

(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, December 31, 2021	$	(423)	$	—	$	(128)	$	(551)
Comprehensive (loss) income before reclassifications	(234)		4		6		(224)
Income taxes associated with comprehensive (loss) income before reclassifications	(46)		—		1		(45)
Reclassification from accumulated other comprehensive loss	—		1		4		5
Income taxes reclassified into net earnings	—		—		(1)		(1)
Ending balance, June 30, 2022	$	(703)	$	5	$	(118)	$	(816)

(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, December 31, 2020	$	(321)	$	—	$	(330)	$	(651)
Comprehensive (loss) income before reclassifications	(13)		(3)		3		(13)
Income taxes associated with comprehensive (loss) income before reclassifications	(17)		—		1		(16)
Reclassification from accumulated other comprehensive loss	—		1		8		9
Income taxes reclassified into net earnings	—		—		(2)		(2)
Ending balance, June 31, 2021	$	(351)	$	(2)	$	(320)	$	(673)