ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the activity within accumulated other comprehensive loss:


(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit postretirement plans		Total
Beginning Balance, January 1, 2020	$	(497)	$	—	$	(230)	$	(727)

Comprehensive (loss) income before reclassifications	133		(1)		(131)		1
Income taxes associated with comprehensive (loss) income before reclassifications	43		—		18		61
Reclassification from accumulated other comprehensive (loss) income	—		1		16		17
Income taxes reclassified into net earnings	—		—		(3)		(3)
Ending Balance December 31, 2020	$	(321)	$	—	$	(330)	$	(651)
Comprehensive (loss) income before reclassifications1	(59)		(4)		255		192
Income taxes associated with comprehensive (loss) income before reclassifications	(43)		—		(64)		(107)
Reclassification from accumulated other comprehensive (loss) income	—		4		14		18
Income taxes reclassified into net earnings	—		—		(3)		(3)
Ending Balance December 31, 2021	$	(423)	$	—	$	(128)	$	(551)
Comprehensive (loss) income before reclassifications	(287)		4		(14)		(297)
Income taxes associated with comprehensive (loss) income before reclassifications	(40)		—		7		(33)
Reclassification from accumulated other comprehensive (loss) income	—		—		7		7
Income taxes reclassified into net earnings	—		—		(2)		(2)
Ending Balance December 31, 2022	$	(750)	$	4	$	(130)	$	(876)

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1 The increase in the defined benefit postretirement plans comprehensive income before reclassifications is primarily due to actuarial gains during the period. Refer to Note 18 “Retirement Benefit Plans,” for more information.