ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

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

(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, June 30, 2022	$	(703)	$	5	$	(118)	$	(816)
Comprehensive (loss) income before reclassifications	(240)		8		3		(229)
Income taxes associated with comprehensive (loss) income before reclassifications	(34)		—		—		(34)
Reclassification from accumulated other comprehensive loss	—		—		2		2
Income taxes reclassified into net earnings	—		—		(1)		(1)
Ending balance, September 30, 2022	$	(977)	$	13	$	(114)	$	(1,078)

(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, June 30, 2021	$	(351)	$	(2)	$	(320)	$	(673)
Comprehensive (loss) income before reclassifications	(55)		(2)		8		(49)
Income taxes associated with comprehensive (loss) income before reclassifications	(26)		—		(1)		(27)
Reclassification from accumulated other comprehensive loss	—		1		2		3
Income taxes reclassified into net earnings	—		—		—		—
Ending balance, September 30, 2021	$	(432)	$	(3)	$	(311)	$	(746)

(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	(474)		12		9		(453)
Income taxes associated with comprehensive (loss) income before reclassifications	(80)		—		1		(79)
Reclassification from accumulated other comprehensive loss	—		1		6		7
Income taxes reclassified into net earnings	—		—		(2)		(2)
Ending balance, September 30, 2022	$	(977)	$	13	$	(114)	$	(1,078)

(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	(68)		(5)		11		(62)
Income taxes associated with comprehensive (loss) income before reclassifications	(43)		—		—		(43)
Reclassification from accumulated other comprehensive loss	—		2		10		12
Income taxes reclassified into net earnings	—		—		(2)		(2)
Ending balance, September 30, 2021	$	(432)	$	(3)	$	(311)	$	(746)